Common use of RATE CONVERSION AND RATE CONTINUATION Clause in Contracts

RATE CONVERSION AND RATE CONTINUATION. The Borrower shall have the right to convert or continue any Revolving Credit Borrowing as a LIBOR Rate Borrowing or an Alternate Base Rate Borrowing, upon request delivered by the Borrower to the Agent not later than 12:00 noon (Cleveland time): (a) on the Business Day that Borrower desires to convert any LIBOR Rate Borrowing into an Alternate Base Rate Borrowing, (b) three Business Days prior to the Business Day on which the Borrower desires to convert any Alternate Base Rate Borrowing into a LIBOR Rate Borrowing for a given Interest Period, (c) three Business Days prior to the Business Day on which Borrower desires to continue any LIBOR Rate Borrowing as a LIBOR Rate Borrowing for an additional Interest Period of the same duration, and (d) three Business Days prior to the Business Day on which Borrower desires to convert any LIBOR Rate Borrowing having a particular Interest Period into a LIBOR Rate Borrowing having a different permissible Interest Period; provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following:

RATE CONVERSION AND RATE CONTINUATION. The Borrower shall have the right to convert or continue all or a portion of the Loans comprising a Borrowing into, or continue all or any Revolving Credit portion of the Loans comprising a Borrowing as a as, LIBOR Rate Borrowing Loans or an Alternate Base Rate BorrowingLoans, as the case may be, upon request delivered by the Borrower to the Administrative Agent not later than 12:00 noon 11:00 a.m. (Cleveland time): local time at the Notice office of the Administrative Agent) as follows: (a) on the Business Day that the Borrower desires to convert any all or a portion of the LIBOR Rate Loans comprising a Revolving Credit Borrowing into an Alternate Base Rate BorrowingLoans, (b) three Business Days prior to the Business Day on which the Borrower desires to convert any Alternate Base Rate Loans comprising such Borrowing into a LIBOR Rate Borrowing Loans for a given permissible Interest Period, (c) three Business Days prior to the Business Day on which the Borrower desires to continue any LIBOR Rate Loans comprising such a Borrowing as a LIBOR Rate Borrowing Loans for an additional Interest Period of the same duration, and (d) three Business Days prior to the Business Day on which the Borrower desires to convert any LIBOR Rate Borrowing Loans having a particular Interest Period comprising such a Borrowing into a LIBOR Rate Borrowing Loans having a different permissible Interest Period; providedPROVIDED, howeverHOWEVER, that each such Rate Conversion or Rate Continuation shall be subject to the following:

RATE CONVERSION AND RATE CONTINUATION. The Borrower shall have the right to convert all or any portion of any Borrowing into, or continue all or any Revolving Credit portion of any Borrowing as as, a Borrowing comprised of LIBOR Rate Borrowing Advances or an Alternate Base Rate BorrowingAdvances, as the case may be, upon request delivered by the Borrower to the Agent not later than 12:00 noon 11:00 A.M. (Cleveland time): ) as follows: (a) on the Business Day that the Borrower desires to convert any all or a portion of a Revolving Credit Borrowing comprised of LIBOR Rate Advances into a Revolving Credit Borrowing into an comprised of Alternate Base Rate BorrowingAdvances, (b) three Business Days prior to the Business Day on which the Borrower desires to convert any Alternate Base Rate Advances comprising a Revolving Credit Borrowing into a LIBOR Rate Borrowing Advances for a given permissible Interest PeriodPeriod comprising a Revolving Credit Borrowing, (c) three Business Days prior to the Business Day on which Borrower desires to continue any LIBOR Rate Advances comprising a Revolving Credit Borrowing as a LIBOR Rate Borrowing Advances for an additional Interest Period of the same durationduration comprising a Revolving Credit Borrowing, and (d) three Business Days prior to the Business Day on which Borrower desires to convert any LIBOR Rate Borrowing Advances having a particular Interest Period comprising a Revolving Credit Borrowing into a LIBOR Rate Borrowing Advances having a different permissible Interest PeriodPeriod comprising a Revolving Credit Borrowing; providedPROVIDED, howeverHOWEVER, that each such Rate Conversion or Rate Continuation shall be subject to the following:

RATE CONVERSION AND RATE CONTINUATION. The Borrower shall have the right to convert or continue any Revolving Credit Borrowing Borrowings as a LIBOR Rate Borrowing Loans or an Alternate Base Prime Rate BorrowingLoans, as the case may be, upon request delivered by the Borrower to the Agent not later than 12:00 noon 11:00 a.m. (Cleveland Cleveland, Ohio time): (a) on the Business Day that the Borrower desires to convert any LIBOR Rate Loans comprising a Revolving Credit Borrowing into an Alternate Base Prime Rate Loans so as to comprise a Revolving Credit Borrowing, (b) three (3) Business Days prior to the Business Day on which the Borrower desires to convert any Alternate Base Prime Rate Loans comprising a Revolving Credit Borrowing into a LIBOR Rate Borrowing Loans for a given Interest PeriodPeriod so as to comprise a Revolving Credit Borrowing, (c) three (3) Business Days prior to the Business Day on which the Borrower desires to continue any LIBOR Rate Loans comprising a Revolving Credit Borrowing as a LIBOR Rate Borrowing Loans for an additional Interest Period of the same durationduration so as to comprise a Revolving Credit Borrowing, and (d) three (3) Business Days prior to the Business Day on which the Borrower desires to convert any LIBOR Rate Borrowing Loans having a particular Interest Period comprising a Revolving Credit Borrowing into a LIBOR Rate Borrowing Loans having a different permissible Interest PeriodPeriod so as to comprise a Revolving Credit Borrowing; provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following:

RATE CONVERSION AND RATE CONTINUATION. The A Borrower shall have the right to convert all or continue any portion of Revolving Credit Borrowing as a or Term Borrowings into, or continue all or any portion of the Advances comprising any Borrowing as, LIBOR Rate Borrowing Advances or an Alternate Base Rate BorrowingAdvances, upon request delivered by the Borrower Representative for on or behalf of any Borrower to the Administrative Agent not later than 12:00 noon 11:00 A.M. (Cleveland central time): (a) on the Business Day that a Borrower desires to convert any LIBOR Rate Borrowing denominated in Dollars into an Alternate Base Rate Borrowing, (b) three Business Days prior to the Business Day on which the Borrower desires to convert any Alternate Base Rate Borrowing into a LIBOR Rate Borrowing denominated in Dollars for a given Interest Period, (c) three Business Days prior to the Business Day on which Borrower desires to continue any LIBOR Rate Borrowing as a LIBOR Rate Borrowing Borrowing, whether denominated in Dollars or an Alternate Currency, for an additional Interest Period of the same duration, and (d) three Business Days prior to the Business Day on which Borrower desires to convert any LIBOR Rate Borrowing having a particular Interest Period into a LIBOR Rate Borrowing having a different permissible Interest Period; provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following: