Common use of Continuation or Conversion Clause in Contracts

Continuation or Conversion. Subject to the provisions of Sections 2.3(d), 2.7 and 2.8 hereof, the Company shall have the option to continue or to convert all or any part of the outstanding Loans from one permitted Rate Option to another permitted Rate Option for such Loans; provided, however, LIBOR Loans may only be converted on the expiration date of the applicable LIBOR Interest Period; and provided further, Prime Rate Loans may only be converted into LIBOR Loans in amounts equal to at least $100,000 and in whole multiples of $100,000.

Continuation or Conversion. Subject to the provisions of Sections 2.3(d2.4(d), 2.7 2.8 and 2.8 2.9 hereof, the Company shall have the option to continue or to convert all or any part of the outstanding Loans from one permitted Rate Option to another permitted Rate Option for such Loans; provided, however, LIBOR Loans may only be converted on the expiration date of the applicable LIBOR Interest Period; and provided further, Prime Rate Loans may only be converted into LIBOR Loans in amounts equal to at least $100,000 the LIBOR Minimum Amount and in whole multiples of $100,000thereof, and LIBOR Loans may only be converted into Prime Rate Loans in amounts equal to at least the Prime Rate Loan Minimum Amount and in whole multiples thereof.