Common use of Subject to Section 2 Clause in Contracts

Subject to Section 2. 2.1, Borrower may, upon irrevocable written notice to Lender in accordance with clause (b) below: (i) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and a higher integral multiple of $500,000) into Loans of the other type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 and an integral multiple of $500,000.

Subject to Section 2. 2.1, the Borrower may, upon irrevocable written notice to Lender the Administrative Agent in accordance with clause (b) below: (iA) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and 100,000 a higher integral multiple of $500,0005,000) into Loans of the other type; or (iiB) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 100,000 or a higher integral multiple of $500,0005,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 100,000 and an integral multiple of $500,0005,000.

Subject to Section 2. 2.1, Borrower may, upon irrevocable written notice to Lender Administrative Agent in accordance with clause (b) below: (i) : elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and or a higher integral multiple of $500,000100,000) into Loans of the other type; or (ii) or elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000100,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 and an integral multiple of $500,000100,000.

Subject to Section 2. 2.1, Borrower may, upon irrevocable written notice to Lender Administrative Agent in accordance with clause (b) below: (i) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and a higher integral multiple of $500,000) into Loans of the other type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 and an integral multiple of $500,000.

Subject to Section 2. 2.1, the Borrower may, upon irrevocable written notice to Lender the Administrative Agent in accordance with clause (b) below: (i) elect, as of any Business Day, to convert any Loans Loan (or any part thereof in an aggregate amount not less than $1,000,000 and 500,000 or a higher integral multiple of $500,000250,000) into Loans of the other typeType; or (ii) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 500,000 or a higher integral multiple of $500,000250,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 500,000 and an integral multiple of $500,000250,000.

Subject to Section 2. 2.1, any Borrower may, upon irrevocable written notice to Lender the Administrative Agent in accordance with clause (b) below: (iA) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and 500,000 or a higher integral multiple of $500,00025,000) into Loans of the other type; or (iiB) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 500,000 or a higher integral multiple of $500,00025,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $1,000,000 500,000 and an integral multiple of $500,00025,000.