Common use of Notice and Manner of Conversion or Continuation of Term Loans Clause in Contracts

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrary, the Borrower shall have the option to: (a) convert at any time on or after the second Business Day after the Closing Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate Loans, (i) convert any part of its outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; (B) the effective date of such conversion or continuation (which shall be a Business Day); (C) the principal amount of such Term Loans to be converted or continued; and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Default or Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after following the second third Business Day after the Closing Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 2,500,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. 12:00 noon three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and continued and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after following the second third Business Day after the Closing Restatement Effective Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 2,500,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. 12:00 noon three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and continued and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Default or Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: (a) a. convert at any time on or after the second Business Day after the Closing Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and (b) b. upon the expiration of any Interest Period with respect to any LIBOR Rate Loans, (i) convert any part of its outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; (B) the effective date of such conversion or continuation (which shall be a Business Day); (C) the principal amount of such Term Loans to be converted or continued; and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Default or Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after the second Business Day after the Closing Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 1,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Eurodollar Rate Loans; and Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Eurodollar Rate Loans in a principal amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Eurodollar Rate Loans as LIBOR Eurodollar Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit E F (a “"Notice of Conversion/Continuation”") not later than 1:00 12:00 p.m. (Charlotte time) three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Eurodollar Rate Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and , and (D) the Interest Period to be applicable to such converted or continued LIBOR Eurodollar Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Default or Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after the second Business Day after the Closing Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Rate Loans in a principal amount equal to $5,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Loans as LIBOR Rate Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”” ; however, such irrevocable notice may be given to the Administrative Agent by telephone, provided, that, such telephonic notice by the Borrower must be promptly confirmed by delivery to the Administrative Agent of a Notice of Conversion/Continuation) not later than 1:00 12:00 p.m. three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and , and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan; provided that if the Borrower wishes to request LIBOR Rate Loans having an Interest Period of twelve months in duration, such notice must be received by the Administrative Agent not later than 12:00 p.m. four (4) Business Days prior to the requested date of such conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the applicable Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. If the Borrower fails to give a timely Notice of Conversion/Continuation prior to the end of the Interest Period for any LIBOR Rate Loan, or if the Borrower requests a conversion to, or continuation of, LIBOR Rate Loans, but fails to specify an Interest Period, then the applicable LIBOR Rate Loan shall be continued as a LIBOR Rate Loan with an Interest Period equal to the immediately preceding Interest Period or, if none, an Interest Period of one month. Any such automatic conversion or continuation shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after following the second third Business Day after the Closing Restatement Effective Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 2,500,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and Adjusted Term SOFR Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Rate Adjusted Term SOFR Loans in a principal amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate Adjusted Term SOFR Loans as LIBOR Rate Adjusted Term SOFR Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. 12:00 noon three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate Adjusted Term SOFR Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and continued and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Adjusted Term SOFR Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

Notice and Manner of Conversion or Continuation of Term Loans. Provided that (i) no Event of Default has occurred and is then continuing and (ii) the Administrative Agent, at the request of the Required Lenders, shall not have notified the Borrower to the contrarycontinuing, the Borrower shall have the option to: to (a) convert at any time on or after following the second third Business Day after the Closing Restatement Effective Date all or any portion of any outstanding Base Rate Loans in a principal amount equal to $3,000,000 2,500,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Rate Loans; and RateAdjusted Term SOFR Loans and (b) upon the expiration of any Interest Period with respect to any LIBOR Rate LoansPeriod, (i) convert all or any part of its outstanding LIBOR Rate RateAdjusted Term SOFR Loans in a principal amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof into Base Rate Loans or the entire remaining amount thereof or (ii) continue such LIBOR Rate RateAdjusted Term SOFR Loans as LIBOR Rate RateAdjusted Term SOFR Loans. Whenever the Borrower desires to convert or continue Term Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later than 1:00 p.m. 12:00 noon three (3) Business Days before the day on which a proposed conversion or continuation of such Term Loan is to be effective specifying: specifying (A) the Term Loans to be converted or continued, and, in the case of any LIBOR Rate RateAdjusted Term SOFR Loan to be converted or continued, the last day of the Interest Period therefor; , (B) the effective date of such conversion or continuation (which shall be a Business Day); , (C) the principal amount of such Term Loans to be converted or continued; and continued and (D) the Interest Period to be applicable to such converted or continued LIBOR Rate Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.RateAdjusted Term