Common use of Continuation and Conversion Elections Clause in Contracts

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Agent on or before 12:00 noon on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less three (3) Business Days’ (but not more than five (5) Business Days) notice, that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof, and (ii) in the case of conversions into LIBOR Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan; provided further, that (x) each such conversion or continuation shall be pro prorated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Agent on or before 12:00 noon on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less three (3) Business Days’ (but not more than five (5) Business Days) notice, that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount amounts of $500,000 1,000,000 and any integral multiple of $250,000 in excess thereof, and (ii) in the case of conversions into LIBOR Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan; provided further, that, that (x) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a ------------------------------------- Continuation/Conversion Notice to the Agent on or before 12:00 noon 11:00 a.m., U.S. Central time, on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than three (3) Business Days’ (but not nor more than five (5) Business Days) notice, ' notice that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000, of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continuedLoans be, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereofconverted into LIBO Rate Loans or, and (ii) in the case of conversions into LIBOR LIBO Rate Loans, in converted into a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, Base Rate Loan or continued as a LIBO Rate Loan (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR LIBO Rate Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR LIBO Rate Loan shall, on such last day, automatically convert to a Base Rate Loan); provided furtherprovided, however, that (xa) each -------- ------- such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such LoansLenders, and (yb) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR LIBO Rate Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Agent on or before 12:00 noon 9:00 a.m., New York time, on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than three (3) Business Days’ (but not nor more than five (5) Business Days) notice, ’ notice that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof3,000,000, and (ii) in the case of conversions into LIBOR Loans, and in a minimum amount of $500,000 1,000,000 in the case of Base Rate Loans, and in both instances any integral multiple of $250,000 100,000 in excess thereof; provided that, of any Loans be, in the case of Base Rate Loans, converted into LIBOR Loans or, in the case of LIBOR Loans, be converted into a Base Rate Loan or a LIBOR Loan or continued as a LIBOR Loan (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan); provided furtherprovided, however, that (xi) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such LoansLenders, and (yii) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice (a) The Borrowers may, upon irrevocable written notice to the Agent on or before 12:00 noon on a in accordance with Section 3.2(b): (i) elect, as of any Business Day, the Borrower Representative may from time to time irrevocably elect, on not less three (3) Business Days’ (but not more than five (5) Business Days) notice, that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions Base Rate Loans to convert any such Loans (or any part thereof in an amount not less than $500,000, or that is in an integral multiple of $100,000 in excess thereof) into LIBOR Rate Loans; or (ii) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Rate Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $500,000, or that is in an integral multiple of $100,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $500,000, such LIBOR Rate Loans shall automatically convert into Base Rate Loans, in a minimum amount and on and after such date the right of $500,000 and any integral multiple of $250,000 in excess thereofthe Borrowers to continue such Loans as, and (ii) in the case of conversions into LIBOR Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, convert such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan; provided further, that (x) each such conversion or continuation shall be pro prorated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event Rate Loans, as the case may be, shall terminate, and provided further that if the notice shall fail to specify the duration of Default has occurred and is continuingthe Interest Period, such Interest Period shall be one month.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Administrative Agent on or before 12:00 noon on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than one Business Day's notice in the case of Base Rate Loans, or three (3) Business Days’ (but ' notice in the case of LIBO Rate Loans, and in either case not more than five (5) ten Business Days) ' notice, that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a an aggregate minimum amount of $500,000 and any an integral multiple of $250,000 in excess thereof100,000 be, and (ii) in the case of conversions into LIBOR Base Rate Loans, converted into LIBO Rate Loans or be, in a minimum amount the case of $500,000 and any integral multiple of $250,000 in excess thereof; provided thatLIBO Rate Loans, converted into Base Rate Loans or continued as LIBO Rate Loans (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR LIBO Rate Loan at least three (3) Business Days (but not more than ten Business Days) before the last day of the then current Interest Period with respect thereto, such LIBOR LIBO Rate Loan shall, on such last day, automatically convert to a Base Rate Loan); provided furtherprovided, however, that (x) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR LIBO Rate Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a ------------------------------------- Continuation/Conversion Notice to the Agent on or before 12:00 noon 9:00 a.m., San Francisco time, on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than three (3) Business Days’ (but not nor more than five (5) Business Days) notice, ' notice that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof3,000,000, and (ii) in the case of conversions into LIBOR Loans, and in a minimum amount of $500,000 1,000,000 in the case of Base Rate Loans, and in both instances any integral multiple of $250,000 100,000 in excess thereof; provided that, of any Loans be, in the case of Base Rate Loans, converted into LIBOR Loans or, in the case of LIBOR Loans, be converted into a Base Rate Loan or a LIBOR Loan or continued as a LIBOR Loan (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan); provided furtherprovided, however, that (xi) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such LoansLenders, and (yii) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Administrative Agent on or before 12:00 noon 11:00 a.m. on a Business Day, the either Borrower Representative may from time to time irrevocably elect, on not less than one Business Day's notice in the case of Base Rate Loans, or three (3) Business Days’ (but ' notice in the case of LIBOR Loans, and in either case not more than five (5) Business Days) ' notice, that all, or any portion in an aggregate minimum amount of any Borrowing $250,000 and an integral multiple of one Type of Loan may be converted into the other Type of Loan (or continued$100,000 be, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereofconverted into LIBOR Loans or be, and (ii) in the case of conversions into LIBOR Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, converted into Base Rate Loans or continued as LIBOR Loans (in the absence of delivery of a Continuation/Continuation Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days (but not more than five Business Days) before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan); provided further, that (xa) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such Loans, and (yb) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Conversion Notice to the Agent on or before 12:00 noon on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less three (3) Business Days’ (but not more than five (5) Business Days) notice, that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof, and (ii) in the case of conversions into LIBOR Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Rate Loan; provided further, that (x) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a ------------------------------------- Continuation/Conversion Notice to the Agent on or before 12:00 noon 11:00 a.m., New York City time, on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than three (3) Business Days’ (but not nor more than five (5) Business Days) notice, ' notice that all, or any portion of any Borrowing of one Type of Loan may be converted into the other Type of Loan (or continued, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof100,000, and (ii) in the case of conversions into LIBOR Loans, and in a minimum amount of $500,000 50,000 in the case of Prime Rate Loans, and in both instances any integral multiple of $250,000 50,000 in excess thereof; provided that, of any Loans be, in the case of Prime Rate Loans, converted into LIBOR Loans or, in the case of LIBOR Loans, be converted into a Prime Rate Loan or a LIBOR Loan or continued as a LIBOR Loan (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR Loan at least three (3) Business Days before the last day of the then current Interest Period with respect thereto, such LIBOR Loan shall, on such last day, automatically convert to a Base Prime Rate Loan); provided furtherprovided, however, that (xi) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such LoansLenders, and (yii) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR Loans when any Default or Event of Default has occurred and is continuing.

Continuation and Conversion Elections. By delivering a Continuation/Continuation/ Conversion Notice to the Administrative Agent on or before 12:00 noon on a Business Day, the Borrower Representative may from time to time irrevocably elect, on not less than one Business Day's notice in the case of Base Rate Loans, or three (3) Business Days’ (but ' notice in the case of LIBO Rate Loans, and in either case not more than five (5) Business Days) ' notice, that all, or any portion in an aggregate minimum amount of any Borrowing $5,000,000 and an integral multiple of one Type of Loan may be converted into the other Type of Loan (or continued$1,000,000 be, as to any LIBOR Loan), (i) in the case of conversions into Base Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereofconverted into LIBO Rate Loans or be, and (ii) in the case of conversions into LIBOR LIBO Rate Loans, in a minimum amount of $500,000 and any integral multiple of $250,000 in excess thereof; provided that, converted into Base Rate Loans or continued as LIBO Rate Loans (in the absence of delivery of a Continuation/Conversion Notice with respect to any LIBOR LIBO Rate Loan at least three (3) Business Days (but not more than five Business Days) before the last day of the then current Interest Period with respect thereto, such LIBOR LIBO Rate Loan shall, on such last day, automatically convert to a Base Rate Loan); provided furtherprovided, however, that (x) each such conversion or continuation shall be pro prorated rated among the applicable outstanding Loans of all Lenders that have made such Loans, and (y) no portion of the outstanding principal amount of any Loans may be continued as, or be converted into, LIBOR LIBO Rate Loans when any Default or Event of Default has occurred and is continuing.