Common use of Selection, Conversion or Continuation of Loans; LIBOR Availability Clause in Contracts

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrently. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a Base Rate Loan or a LIBOR Loan, in the case of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to at least $5,000,000 or any whole multiple 100,000, in the case of $1,000,000 in excess thereof, and (b) under the Revolving a LIBOR Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereofthereof into a LIBOR Loan, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, thereof for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may There shall be no more than an aggregate of five (5) eight LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one timeRevolver Facility.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by XxxxxxxxBorrower. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrently. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either a portion of the Term Base Rate Loan Facilities, in a principal amount equal to $5,000,000 100,000 or any whole multiple of $5,000 in excess thereof, (b) a LIBOR Loan in a principal amount equal to $500,000 or any whole multiple of $100,000 in excess thereof, (c) a Swingline Loan in a principal amount equal to $50,000 or any whole multiple of $5,000 in excess thereof or (d) a Quoted Rate Loan in a principal amount equal to $10,000,000 or any whole multiple of $1,000,000 in excess thereof, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a the Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 500,000 or any whole multiple of $250,000 in excess thereof into a LIBOR Loan or in a principal amount equal to $10,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Quoted Rate Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a the Base Rate LoanLoan or into a Quoted Rate Loan in a principal amount equal to $10,000,000 or any whole multiple of $1,000,000 in excess thereof for such new Quoted Rate Period(s) as selected by Borrower or upon the expiration of its Quoted Rate Period, or convert all or any part of any Quoted Rate Loan into the Base Rate Loan or into a LIBOR Loan in a principal amount equal to $500,000 or any whole multiple of $100,000 in excess thereof for such new Interest Period(s) as selected by Borrower, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $500,000 or any whole multiple of $5,000,000 100,000 in excess thereof into one or more LIBOR Loans for such new Interest Period(s) as selected by Borrower, or upon the expiration of its Quoted Rate Period, continue any Quoted Rate Loan in a principal amount equal to $10,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Quoted Rate Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Quoted Rate Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans and Quoted Rate Loans then in effect expire, such Loans shall be converted into a the Base Rate Loan and the LIBOR option and the Quoted Rate option will not be available to Borrower until all Defaults and Events of Default are cured or waived. Each LIBOR Loan or Quoted Rate Loan must be made under a single Facility. In the event Borrower fails to elect a LIBOR Loan or Quoted Rate Loan upon any advance hereunder or upon the termination of any Interest Period or Quoted Rate Period, Borrower shall be deemed to have elected to have such amount constitute a portion of the Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate a total of five (5) ten LIBOR Loans and Quoted Rate Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no thatno Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrently. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, The Borrower shall have the option to (i) select all or any part of a new borrowing under the Term Loan Facility to be a Base Rate Loan or a LIBOR Loan, in the case of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to at least $5,000,000 or 250,000 and any whole multiple of $1,000,000 100,000 in excess thereof, thereof and (b) under in the Revolving case of a LIBOR Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a any Base Rate Loan (aLoan(s) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereofthereof into a LIBOR Loan, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereofLoans, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to the Borrower until all Defaults and Events of Default are cured or waived. In the event the Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, the Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR or Base Rate Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the Second Amended and Restated Credit Agreement/D&E Communications, Inc. option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 2,000,000 or any whole multiple of $1,000,000 500,000 in excess thereof, and (b) under the Revolving or a Base Rate Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 250,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 2,000,000 or any whole multiple of $500,000 in excess thereofthereof into one or more LIBOR Loans, (iii) upon the expiration of its any Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 2,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by XxxxxxxxBorrower, subject to the other provisions herein. Each LIBOR Loan may must be made under either one of the Term Loan Facilities A Facility, the Term Loan B Facility or the Revolving Loan Facility, but may not be made under more than one Facility concurrently. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan Loans and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate a total of five ten (510) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either a portion of the Term Base Rate Loan Facilities, in a principal amount equal to $5,000,000 100,000 or any whole multiple of $1,000,000 5,000 in excess thereof, and (b) under the Revolving a LIBOR Loan Facility, in a principal amount equal to $1,000,000 500,000 or any whole multiple of $500,000 100,000 in excess thereofthereof or (c) a Swingline Loan in a principal amount equal to $50,000 or any whole multiple of $5,000 in excess thereof (except in connection with a borrowing made pursuant to Subsection 1.3(B), in which case no minimums or multiples shall apply), (ii) convert at any time all or any portion of a the Base Rate Loan (a) under either or of the Term Fixed Rate Loan Facilities, in a principal amount equal to $5,000,000 500,000 or any whole multiple of $1,000,000 100,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of equal to $5,000,000 500,000 or any whole multiple of $1,000,000 100,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a the Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. Each LIBOR Loan must be made under a single Facility. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period or of the Fixed Rate Period, Borrower shall be deemed to have elected to have such amount constitute a portion of the Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate a total of five (5) ten LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, The Borrower shall have the option to (i) select all or any part of a new borrowing under the Term Loan Facility to be a Base Rate Loan or a LIBOR Loan (a) under either of the Term Loan FacilitiesLoan, in the case of a Base Rate Loan in an aggregate principal amount equal to at least $5,000,000 or any whole multiple of $1,000,000 in excess thereof25,000,000, and (b) under in the Revolving case of a LIBOR Loan Facility, in a principal amount equal to $1,000,000 or in any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a any Base Rate Loan (aLoan(s) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereofthereof into a LIBOR Loan, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereofLoans, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, absent agreement of the Requisite Lenders to the contrary, such Loans shall be converted into a Base Rate Loan Loans and the LIBOR option will not be available to the Borrower until all Defaults and Events of Default are cured or waived. In If the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, the Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR Loans and Base Rate Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, The Borrower shall have the option to (i) select all or any part of a new borrowing under the Term Loan Facility to be a Base Rate Loan or a LIBOR Loan (a) under either of the Term Loan FacilitiesLoan, in a an aggregate principal amount equal to at least $5,000,000 or 25,000,000 and any whole multiple of $1,000,000 250,000 in excess thereof, and (b) under in the Revolving case any portion of such borrowing is a LIBOR Loan, such LIBOR Loan Facility, shall be in a principal amount equal to $1,000,000 or in any whole multiple of $500,000 in excess thereof, (ii) convert at any time all or any portion of a any Base Rate Loan (aLoan(s) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereofthereof into a LIBOR Loan, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereofLoans, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan and the LIBOR option will not be available to the Borrower until all Defaults and Events of Default are cured or waived. In the event the Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, the Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate of five (5) LIBOR or Base Rate Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either a portion of the Term Base Rate Loan Facilities, in a principal amount equal to $5,000,000 100,000 or any whole multiple of $1,000,000 5,000 in excess thereof, and (b) under the Revolving a LIBOR Loan Facility, in a principal amount equal to $1,000,000 500,000 or any whole multiple of $500,000 100,000 in excess thereof or (c) a Swingline Loan in a principal amount equal to $50,000 or any whole multiple of $5,000 in excess thereof, (ii) convert at any time all or any portion of a the Base Rate Loan (a) under either or of the Term Fixed Rate Loan Facilities, in a principal amount equal to $5,000,000 500,000 or any whole multiple of $1,000,000 100,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof, (iii) upon the expiration of its Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of equal to $5,000,000 500,000 or any whole multiple of $1,000,000 100,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by Xxxxxxxx. Each LIBOR Loan may be made under either one of the Term Loan Facilities or the Revolving Loan Facility, but may not be made under more than one Facility concurrentlyBorrower. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a the Base Rate Loan and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. Each LIBOR Loan must be made under a single Facility. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period or of the Fixed Rate Period, Borrower shall be deemed to have elected to have such amount constitute a portion of the Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate a total of five (5) ten LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.

Selection, Conversion or Continuation of Loans; LIBOR Availability. Provided that no Default or Event of Default has occurred and is then continuing, Borrower shall have the option to (i) select all or any part of a new borrowing to be a LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 2,000,000 or any whole multiple of $1,000,000 500,000 in excess thereof, and (b) under the Revolving or a Base Rate Loan Facility, in a principal amount equal to $1,000,000 or any whole multiple of $500,000 250,000 in excess thereof, (ii) convert at any time all or any portion of a Base Rate Loan (a) under either of the Term Loan Facilities, in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into a LIBOR Loan, and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 2,000,000 or any whole multiple of $500,000 in excess thereofthereof into one or more LIBOR Loans, (iii) upon the expiration of its any Interest Period, convert all or any part of any LIBOR Loan into a Base Rate Loan, and (iv) upon the expiration of its Interest Period, continue any LIBOR Loan (a) under either of the Term Loan Facilities, in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more LIBOR Loans in a principal amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof and (b) under the Revolving Loan Facility, in a principal amount equal to $1,000,000 2,000,000 or any whole multiple of $500,000 in excess thereof into one or more LIBOR Loans in a principal amount of $1,000,000 or any whole multiple of $500,000 in excess thereof, for such new Interest Period(s) as selected by XxxxxxxxBorrower, subject to the other provisions herein. Each LIBOR Loan may must be made under either one of the Term Loan Facilities A Facility, the Term Loan B Facility or the Revolving Loan Facility, but may not be made under more than one Facility concurrently. During any period in which any Default or Event of Default is continuing, as the Interest Periods for LIBOR Loans then in effect expire, such Loans shall be converted into a Base Rate Loan Loans and the LIBOR option will not be available to Borrower until all Defaults and Events of Default are cured or waived. In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or upon the termination of any Interest Period, Borrower shall be deemed to have elected to have such amount constitute a Base Rate Loan. Notwithstanding the foregoing, there may be no more than an aggregate a total of five ten (510) LIBOR Loans outstanding under the Term Loan Facilities at any one time and no more than an aggregate of three (3) LIBOR Loans outstanding under the Revolving Loan Facility at any one time.