Common use of Selection, Conversion or Renewal of Rate Options Clause in Contracts

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the Notes. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes from any Interest Rate Option to the other Interest Rate Option: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Rate Option, the Borrower shall give the Agent Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent in its commercially reasonable judgment approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other ------------------------------------------------ provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the NotesRevolving Note. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes Revolving Note from any either Interest Rate Option to the other Interest Rate Option: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Rate Option, the Borrower shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes Revolving Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the NotesNote. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes Note from any Interest Rate Option to the other Interest Rate Option: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Rate Option, the Borrower shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent in its commercially reasonable judgment approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal, subject to Section 2.3(b).

Selection, Conversion or Renewal of Rate Options. Subject to the other ------------------------------------------------ provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the NotesNote. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes Note from any either Interest Rate Option to the other Interest Rate Option: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Rate Option, the Borrower shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may select any Interest Rate Option to apply to the borrowings any borrowing evidenced by the NotesNote. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may convert any part of the unpaid principal amount of the Notes Note from any Interest Rate Option to the any other Interest Rate OptionOption and may renew the LIBOR-Rate Option as to any Rate Segment: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor or ABS Rate Option to any other Interest Rate option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor LIBOR-Rate Option or As-offered Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower Undersigned desires to select, convert or renew the Libor LIBOR-Rate Option or As-Offered Rate Option, the Borrower Undersigned shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Interest Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion (based on a good faith effort to provide all Interest Rate Options) approves the proposed selection, conversion or renewal, on and after the date specified in such notice, notice interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the ------------------------------------------------ other provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the NotesNote. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes Note from any Interest Rate Option to the other Interest Rate Option: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Rate Option, the Borrower shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may select any Interest interest Rate Option to apply to the borrowings any borrowing evidenced by the NotesNote. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may convert any part of the unpaid principal amount of the Notes Note from any Interest Rate Option to the any other Interest Rate OptionOption and may renew the LIBOR-Rate Option as to any Rate Segment: (a) at any time with respect to the conversion from the Prime Rate Option or ABS Rate Option to the Libor any other Interest Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor LIBOR-Rate Option or As-Offered Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower Undersigned desires to select, convert or renew the Libor LIBOR-Rate Option or As-Offered Rate Option, the Borrower Undersigned shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Interest Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion (based on a good faith effort to provide all Interest Rate Options) approves the proposed selection, conversion or renewal, on and after the date specified in such notice, notice interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may select any Interest Rate interest rate Option to apply to the borrowings initial borrowing evidenced by the NotesNote. Subject to the other provisions hereofof this Supplement, the Borrower Undersigned may convert any part of the unpaid principal amount of the Notes Note from any Interest Rate Option interest rate option to the other Interest Rate Option: interest rate Option(s): (a) at any time with respect to the conversion from the Prime Rate Option or the ABS-Rate Option to the Libor Rate any other interest rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Euro-Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower Undersigned desires to select, convert or renew the Libor Euro-Rate Option, the Borrower Option Undersigned shall give the Agent Bank Standard Notice thereof (which shall be irrevocable), specifying the date, amount and type of the proposed new Rate Option. If such notice has been duly given, and if the Agent Bank in its commercially reasonable judgment sole discretion approves the proposed selection, conversion or renewal, on and after the date specified in such notice, notice interest shall be calculated upon the unpaid principal amount of the Notes Note taking into account such selection, conversion or renewal.

Selection, Conversion or Renewal of Rate Options. Subject to the other provisions hereof, the Borrower may select any Interest Rate Option to apply to the borrowings evidenced by the NotesLoans. Subject to the other provisions hereof, the Borrower may convert any part of the unpaid principal amount of the Notes Loans from any Interest Rate Option to the any other Interest Rate OptionOption and may renew the Euro-Rate Option as to any Rate Segment: (a) at any time with respect to the conversion from the Prime Rate Option to the Libor Euro-Rate Option and (b) at the expiration of any Rate Period with respect to conversion from or renewals of the Libor Euro-Rate Option as to the Rate Segment corresponding to such expiring Rate Period. Whenever the Borrower desires to select, convert or renew the Libor Euro-Rate Option, the Borrower shall give the Agent Standard Notice thereof (which shall be irrevocable, except as provided in Section 2.15), specifying the date, amount and type of the proposed new Interest Rate Option. If such notice has been duly given, and if the Agent in its commercially reasonable judgment approves the proposed selection, conversion or renewal, on and after the date specified in such notice, interest shall be calculated upon the unpaid principal amount of the Notes Loan or Loans in question taking into account such selection, conversion or renewal.