Common use of Conversions and Continuations Clause in Contracts

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower shall give the Lender written notice of any continuation or conversion of any Advance and such notice must be given so as to be received by the Lender not later than 3:00 p.m. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Base Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts the aggregate minimum amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof5,000,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 A.M. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Base Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, at the option of the Agent, such Advance Advances shall, on the last day of the Interest Period applicable thereto, (A) automatically be continued as Eurodollar Rate Advances with the same principal amount and the same Interest Period or (B) automatically be converted into a Reference Base Rate Advance of Advances with the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks. (E.g., when continuing a two-month Eurodollar Rate Advance of one Bank to a three-month Eurodollar Rate Advance, the Borrower must simultaneously continue all two-month Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as three-month Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Base Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that if a Eurodollar Rate Advance may be is converted or continued only on a day which is other than the last day of the Interest Period applicable thereto thereto, the Borrower shall compensate the Banks in accordance with Section 2.18, and further provided that no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on and the proposed date of Majority Banks have determined that such conversion or continuation or conversionis not appropriate. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof1,000,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Base Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If Absent timely notice of continuation, following expiration of an Interest Period unless the Borrower shall fail to notify the Lender of the continuation of any Eurodollar Rate Advance within is paid in full the Agent may at any time required thereafter convert the Eurodollar Rate Advance into a Base Rate Advance. Until such time as such Eurodollar Rate Advance is converted into a Base Rate Advance by this Sectionthe Agent or the Borrower or is continued as a Eurodollar Rate Advance with a new Interest Period by notice by the Borrower as provided above, such Advance shall, on shall continue to accrue interest at a rate equal to the last day of interest rate applicable during the expired Interest Period applicable theretoadjusted from time to time to reflect changes in the Applicable Margin. All conversions and continuation of Advances must be made uniformly and ratably among the Banks. (E.g., automatically be converted into when continuing a Reference two-month Eurodollar Rate Advance of one Bank to a three-month Eurodollar Rate Advance, the same principal amountBorrower must simultaneously continue all two-month Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as three-month Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject ----------------------------- to the limitations hereof, the Borrower Borrowers shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Base Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts aggregate amount of the Advances of all Banks so converted or continued of $500,000 or an 250,000, if Base Rate Advances, $1,000,000, if Eurodollar Rate Advances, or, in either case, if more, in integral multiple thereof. The Borrower multiples of $50,000 in excess thereof Omega, on behalf of the Borrowers, shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested continuation of or conversion to Base Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Omega under this Section shall be irrevocable. If the Borrower Omega shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Base Rate Advance Advances of the same principal amount. Except to the extent provided in Sections 2.21 and 2.23, all conversions and continuation of Advances must be made uniformly and ratably among the Banks. (E.g., when continuing a two-month Eurodollar Rate Advance of one Bank to a three-month Eurodollar Rate Advance, the Borrower must simultaneously continue all two-month Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as three-month Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and right from time to time to convert all or any portion a part of the Advances one Loan or Type into Reference Rate Advances another Loan or Eurodollar Rate Advances, Type or to continue all or part of any Loan by giving Lender notice (whether by telephone, facsimile, in person, by mail or e-mail) at least three (3) and not more than ten (10) Business Days before conversion into or continuation of an Advance, specifying: (i) the conversion or continuation date, (ii) the amount of the Loan or Advance to be converted or continued, (iii) in the case of conversions, the Loan or Type to be converted into, and (iv) in the case of a continuation of or conversion into a Eurodollar Advance, the duration of the Interest Period applicable thereto; provided that neither Base Rate Advance Advances nor Eurodollar Advances may be converted to, or, on the last day(s) of the then-current Interest Period(s) for outstanding Eurodollar Advances, continued as, as such; providedapplicable, however that a Eurodollar Rate Advance may Advances, after the occurrence of an Event of Default or Default or when any of the conditions referred to in Section 5.02(a) or (b) are not then met. Eurodollar Advances shall only be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a for such Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversionAdvances. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower shall give the Lender written notice of any continuation or conversion of any Advance and such notice must be All notices given so as to be received by the Lender not later than 3:00 p.m. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocablegiven not later than 12:00 noon, Dallas, Texas time, on the day that is not less than the number of Business Days specified above for such notice. If the Borrower shall fail to notify give to Lender the Lender notice as specified above for continuation or conversion of a Eurodollar Advance prior to the end of the continuation of any Interest Period with respect thereto, then such Eurodollar Rate Advance within the time required by this Section, such Advance shallAdvance, on the last day of the Interest Period applicable thereto, for such Eurodollar Advance shall automatically be converted into a Reference Base Rate Advance Advance. Upon the occurrence of an Event of Default, Lender may convert all Eurodollar Advances to Base Rate Advances, and Borrower agrees to pay any and all costs and expenses associated with or related to such conversion(s) of its Eurodollar Advances. The provisions of the same immediately preceding sentence notwithstanding, however, (i) the provisions of such sentence shall not limit in any respect the obligation of Borrower to pay interest at the Default Rate on all past due principal amountand, to the maximum extent permitted by Applicable Law, all past due interest, whether by acceleration or otherwise, as provided herein, and (ii) after the occurrence and during the continuance of an Event of Default, all Base Rate Advances shall bear interest at a rate per annum equal to the Default Rate rather than the Base Rate.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Company shall have the option at any time and from time to time to convert all or any portion of the Advances Loans (other than Swing-Line Loans) into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as suchsuch (in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, with respect to any conversion into or continuation as Eurodollar Advances, or $2,000,000 or an integral multiple of $500,000 in excess thereof, with respect to any conversion into Reference Rate Advances); providedPROVIDED, however HOWEVER that (i) a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto thereto, and (ii) no Advance may be converted into or continued as a Eurodollar Rate Advance if a an Unmatured Event of Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower Company shall give the Lender written notice Agent a Notice of any Borrowing, Continuation or Conversion with respect to the continuation or conversion of any Advance and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Advances and not later than 12:00 noon (Minneapolis time) on the date of any requested conversion to Reference Rate AdvanceAdvances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation and a Eurodollar Business Day in the case of conversions to or conversion continuations of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as of Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Company under this Section 2.05 shall be irrevocable. If the Borrower Company shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances or of the conversion of Eurodollar Advances within the time required by this SectionSection 2.05, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions to and continuations of Advances shall be made uniformly and ratably among the Banks.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances Advances, Fixed Eurodollar Rate Advances, or Floating Eurodollar Rate Advances, or to continue a Fixed Eurodollar Rate Advance as such; provided, however that a Fixed Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples of $500,000 or an integral multiple thereof100,000. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 Noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Fixed Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Floating Eurodollar Rate Advances or Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Fixed Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversion to Fixed Eurodollar Rate Advances and a Business Day in the case of conversions to Floating Eurodollar Rate Advances or Reference Rate Advances), and (c) in the case of conversions to or continuations as Fixed Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Fixed Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Prime Rate Advances or Eurodollar Rate Advances, Advances or to continue a Eurodollar Rate Advance as such; provided, however however, that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and and, at the option of the Majority Banks, no Advance may be made as, converted to or continued as a Eurodollar Rate Advance if a Default or an Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of an amount equal to $500,000 200,000 or an integral multiple of $200,000 in excess thereof. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 1:00 P.M. (Minneapolis time) two Eurodollar Business Days prior to the date of the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and not later than 1:00 p.m. (Minneapolis time) on the date of the requested conversion to Prime Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding current Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Eurodollar Rate Advances, and (iii) a Business Day in the case of conversions to Prime Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on at any time after the last day of the Interest Period applicable thereto, at the option of the Agent (a) automatically be converted into a Reference Prime Rate Advance of the same principal amountamount or (b) automatically be continued as a Eurodollar Rate Advance having an Interest Period selected by the Agent. Notwithstanding anything to the contrary in the this Agreement, the Borrower will not permit there to be more than (a) five different Interest Periods for Term Loans constituting Eurodollar Rate Advances in effect at any one time and (b) five different Interest Periods for Revolving Loans constituting Eurodollar Rate Advances in effect at any time.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances Advance into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto thereto, and no portion of the Advance may be converted to or continued as a Eurodollar Rate Advance if a Default default or Event an event of Default default has occurred and is continuing on the proposed date of continuation or conversion. Advances In addition, portions of the Advance may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 500,000.00 or more, and Borrower shall pay an integral multiple thereofadministration fee to Lender in the amount of $250.00 for each such conversion or continuation. The Borrower shall give the Lender written notice of any continuation or conversion of any Advance portion of the Advance, and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 10:00 A.M. (Minneapolis time) two (2) Eurodollar Business Days prior to the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance, and not later than 10:00 A.M. (Minneapolis time) on the date of the requested conversion to a Reference Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Eurodollar Rate Advances, and (iii) a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Eurodollar Rate Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance of the same principal amount. Notwithstanding anything to the contrary herein set forth, the maximum number of Eurodollar Rate Advances which may be outstanding at any given time shall be six (6).

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Company shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Federal Funds Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower Company shall give the Lender Bank written notice of any continuation or conversion of any Advance and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance or conversion to a Federal Funds Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the b)the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day)Day in the case of conversions to or continuations as Eurodollar Advances, and (iii) a Business Day in the case of conversions to Federal Funds Rate Advances, and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Company under this Section shall be irrevocable. If the Borrower Company shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Federal Funds Rate Advance of the same principal amount.. Section 2.6 Interest Rates, Interest Payments and Default Interest. Interest shall accrue and be payable as follows: 2.6(a) Each Eurodollar Rate Advance shall bear interest on the unpaid principal amount thereof during the Interest Period applicable thereto at a rate per annum equal to the sum of (i) the Adjusted Eurodollar Rate for such Interest Period, plus (ii) the Applicable Margin. 2.6(B) Each Federal Funds Rate Advance shall bear interest on the unpaid principal amount thereof at a floating rate per annum equal to the sum of (i) the Federal Funds Rate, plus (ii) the Applicable Margin. 2.6(c) Effective upon notice from the Bank, whenever any Default or Event of Default shall have occurred and be continuing (whether or not the maturity of the Notes shall have been accelerated), interest shall accrue on each Advance until such Default or Event of Default shall have been cured to the written satisfaction of the Bank or, if such Default or Event of Default consists of the Company's failure to pay the Bank any amount owing under any Loan Document, until such amount shall have been paid in full (i) during the balance of any Interest Period applicable to such Advance, at a rate per annum equal to the sum of the rate applicable to such Advance during such Interest Period plus 2.0% and (ii) otherwise, at a rate per annum equal to the sum of (x) the Federal Funds Rate, plus (y) the Applicable Margin for Federal Funds Advances, plus (z) 2.0%. 2.6(d) Interest shall be payable (i) with respect to each Eurodollar Rate Advance on the last day of the Interest Period applicable thereto; (ii) with respect to any Federal Funds Rate Advance, on the fat day of each month; (iii) with respect to Discretionary Loans, upon each day that principal is due; (iv) with respect to all Advances, upon any permitted prepayment (on the amount prepaid); and (v) with respect to all Advances, on the Termination Date;-provided that interest under Section 2.6(c) shall be payable on demand. Section 2.7

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances Revolving Loans into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto thereto, and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an 250,000, or, in either case, if more, in integral multiple multiples of $250,000 in excess thereof. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested continuation of, or conversion to, Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day)conversion, and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks. The number of Interest Periods for Eurodollar Rate Advances in effect at any one time shall not exceed ten.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an 100,000 or, if larger, in integral multiple thereofmultiples of $100,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks. (E.g., when continuing a two-month Eurodollar Rate Advance of one Bank to a three-month Eurodollar Rate Advance, the Borrower must simultaneously continue all two-month Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as three-month Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances Revolving Loans into Reference Base Rate Advances or Eurodollar Rate Term SOFR Advances, or to continue a Eurodollar Rate Term SOFR Advance as such; provided, however that a Eurodollar Rate Term SOFR Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Term SOFR Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Term SOFR Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an 100,000 or, if larger, in integral multiple thereofmultiples of $100,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to the requested date of conversion to, or continuation in the case of the continuation of, or Term SOFR Advances and on the date of the requested conversion to, a Eurodollar to Base Rate AdvanceAdvances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Term SOFR Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Term SOFR Advances and a Business Day in the case of conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Term SOFR Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Term SOFR Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, thereto automatically be converted into a Reference Rate continued as Term SOFR Advance of the same principal amounttype and the same Interest Period if Term SOFR Advances shall be available to the Borrower, otherwise such Advances shall be converted to Base Rate Advances. All conversions and continuation of Advances must be made uniformly and ratably among the Banks (e.g., when continuing a two-month Term SOFR Advance of one Bank to a three-month Term SOFR Advance, the Borrower must simultaneously continue all two-month Term SOFR Advances of all Banks having Interest Periods ending on the date of continuation as three-month Term SOFR Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Prime Rate Advances Tranches or Eurodollar Rate AdvancesTranches, or to continue a Eurodollar Rate Advance Tranche as such; provided, however however, that a Eurodollar Rate Advance Tranche may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance portion of the Advances may be converted or continued as a Eurodollar Rate Advance Tranche if a Default or an Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Portions of the Advances may be converted to, or continued as, Eurodollar Rate Advances Tranches only in amounts of $500,000 100,000 or an integral multiple thereof, and the Borrower shall be entitled to have no more than five (5) Eurodollar Rate Tranches outstanding at any time. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance portion of the Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 11:00 A.M. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation ofor, or conversion to, a Eurodollar Rate AdvanceTranche and not later than 11:00 A.M. (Minneapolis time) on the date of the requested continuation of a Prime Rate Tranche. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate AdvancesTranches, and (ii) a Eurodollar Business DayDay in the case of conversions to Eurodollar Rate Tranches, and (iii) a Business Day in the case of continuations as Prime Rate Tranches), and (c) in the case of conversions to or continuations as Eurodollar Rate AdvancesTranches, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance Tranche within the time required by this Section, such Advance Eurodollar Rate Tranche shall, at the option of the Bank, on the last day of the Interest Period applicable thereto, (a) automatically be converted into a Reference Prime Rate Advance Tranche of the same principal amountamount or (b) automatically be continued as Eurodollar Rate Tranches having an Interest Period of one month.

Conversions and Continuations. On the terms and subject ----------------------------- to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof500,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion in the case of conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks. (E.g., when continuing a two-month Eurodollar Rate Advance of one Bank to a three-month Eurodollar Rate Advance, the Borrower must simultaneously continue all two-month Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as three-month Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances, CD Rate Advances, Fixed Eurodollar Rate Advances or Floating Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance or a CD Rate Advance as such; provided, however that (a) a Fixed Eurodollar Rate Advance or a CD Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto thereto, and (b) no Advance may be converted to or continued as a Eurodollar Rate Advance or a CD Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances and CD Rate Advances only in amounts integral multiples of $500,000 or an integral multiple thereof100,000. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Fixed Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Reference Rate Advances, Floating Eurodollar Rate Advances or CD Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Fixed Eurodollar Rate Advances or CD Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversion to Fixed Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances, Floating Eurodollar Rate Advances or CD Rate Advances), and (c) in the case of conversions to or - 18 - continuations as Fixed Eurodollar Rate AdvancesAdvances or CD Rate Advance, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Fixed Eurodollar Rate Advance Advances or CD Rate Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Borrowers shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances, Eurodollar Rate Advances or Eurodollar Negotiated Rate Advances, or to continue a Eurodollar Fixed Rate Advance as suchsuch (subject, however, to the proviso set forth in the first sentence of Section 2.1); provided, however that a Eurodollar Fixed Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Fixed Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Fixed Rate Advances only in amounts integral multiples of $500,000 or an integral multiple thereof100,000. The Borrower Representative shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances or Negotiated Rate Advances and not later than 12:00 noon (Minneapolis time) on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Fixed Advances, and (iii) a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Fixed Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Representative under this Section shall be irrevocable. If the Borrower Representative shall fail to notify the Lender Bank of the continuation of any Fixed Rate Advances or of the conversion of Eurodollar Rate Advance Advances to Negotiated Rate Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount.

Conversions and Continuations. On the terms and subject ----------------------------- to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof500,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis Chicago time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion in the case of conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day), and (c) Day in the case of continuations as or conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance of the same principal amount.Rate

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Company shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Federal Funds Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower Company shall give the Lender Bank written notice of any continuation or conversion of any Advance and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis Chicago time) two Eurodollar Business Days prior to the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance or conversion to a Federal Funds Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day)Day in the case of conversions to or continuations as Eurodollar Advances, and (iii) a Business Day in the case of conversions to Federal Funds Rate Advances, and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Company under this Section shall be irrevocable. If the Borrower Company shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Federal Funds Rate Advance of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances Revolving Loans into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof500,000. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Company shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Federal Funds Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however however, that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower Company shall give the Lender Bank written notice of any continuation or conversion of any Advance and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon. (Minneapolis time) two Eurodollar Business Days prior to the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate Advance or conversion to a Federal Funds Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day)Day in the case of conversions to or continuations as Eurodollar Advances, and (iii) a Business Day in the case of conversions to Federal Funds Rate Advances, and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Company under this Section shall be irrevocable. If the Borrower Company shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Federal Funds Rate Advance of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances, Eurodollar Rate Advances or Eurodollar Negotiated Rate Advances, or to continue a Eurodollar Rate Advance as suchsuch (subject, however, to the proviso set forth in the last sentence of Section 2.1(a) and the proviso set forth in the last sentence of Section 2.1(b)); provided, however however, that a Eurodollar Fixed Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Fixed Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Fixed Rate Advances only in amounts integral multiples of $500,000 or an integral multiple thereof100,000. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and not later than 12:00 noon (Minneapolis time) on the date of the requested conversion to Negotiated Rate Advances or Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Fixed Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Eurodollar Advances, and (iii) a Business Day in the case of conversions to Negotiated Rate Advances or Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Fixed Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Fixed Rate Advances or of the conversion of Eurodollar Rate Advance Advances to Negotiated Rate Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples of $500,000 or an integral multiple thereof100,000. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:00 noon (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversion to Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, Advances or to continue a Eurodollar Rate Advance as such; providedPROVIDED, however HOWEVER, that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or an Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of an amount equal to $500,000 300,000 or an integral multiple of $100,000 in excess thereof. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 12:30 P.M. (Minneapolis time) two three Eurodollar Business Days prior to the date of the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and not later than 12:30 p.m. (Minneapolis time) on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding current Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Eurodollar Rate Advances, and (iii) a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however however, that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance portion of the Advances may be converted or continued as a Eurodollar Rate Advance if a Default or an Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Portions of the Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 100,000 or an integral multiple thereof, and the Borrower shall be entitled to have no more than three (3) Eurodollar Rate Advances outstanding at any time. The Borrower shall give the Lender Bank written notice of any continuation or conversion of any Advance portion of the Advances and such notice must be given so as to be received by the Lender Bank not later than 3:00 p.m. 11:00 A.M. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation ofor, or conversion to, a Eurodollar Rate Advance and not later than 11:00 A.M. (Minneapolis time) on the date of the requested continuation of a Reference Rate Advance. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, (ii) a Eurodollar Business Day in the case of conversions to Eurodollar Rate Advances, and (iiiii) a Eurodollar Business DayDay in the case of continuations as Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Bank of the continuation of any Eurodollar Rate Advance within the time required by this Section, such Eurodollar Rate Advance shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance of the same principal amount.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Base Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however however, that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts the minimum amount, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or or, if more, an integral multiple of $100,000 in excess thereof. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Base Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last alst day of the Interest Period applicable thereto, automatically be converted into a Reference Base Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Borrowers shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Prime Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof500,000. The Borrower Borrowers’ Agent shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Prime Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Prime Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Borrowers’ Agent under this Section shall be irrevocable. If the Borrower Borrowers’ Agent shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, at the option of the Agent, such Advance Advances shall, on the last day of the Interest Period applicable thereto, (y) automatically be continued as Eurodollar Rate Advances with the same Interest Period or (z) automatically be converted into a Reference Prime Rate Advance Advances. All conversions and continuation of Advances must be made uniformly and ratably among the same principal amountBanks.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Base Rate Advances or Eurodollar Rate Advances, Advances or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, as Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Lenders so converted or continued, of $500,000 or an 5,000,000, or, if more, in integral multiple multiples of $1,000,000 in excess thereof. The Borrower shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and not later than 11:00 a.m. (Minneapolis time) on the date of the requested continuation of or conversion to Base Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of conversions to or continuations as Eurodollar Advances, and (iii) a Business Day in the case of continuations of or conversions to Base Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower under this Section shall be irrevocable. If the Borrower shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances or of the conversion of Eurodollar Rate Advances to Base Rate Advances or vice versa within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Base Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Lenders.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Borrowers shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be requested as, converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof1,000,000. The Borrower Borrowers shall give the Lender Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two Eurodollar Business Days prior to the requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Reference Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Reference Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Borrowers under this Section SECTION shall be irrevocable. If the Borrower Borrowers shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions and continuation of Advances must be made uniformly and ratably among the Banks (e.g., when continuing a 60 day Eurodollar Rate Advance of one Bank to a 90 day Eurodollar Rate Advance, the Borrower must simultaneously continue all 60 day Eurodollar Rate Advances of all Banks having Interest Periods ending on the date of continuation as 90 day Eurodollar Rate Advances.)

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Borrowers shall have the option at any time and from time to time to convert all or any portion of the Advances into Reference Prime Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as such; provided, however that a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto and no Advance may be converted to or continued as a Eurodollar Rate Advance if a Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts integral multiples, as to the aggregate amount of the Advances of all Banks so converted or continued, of $500,000 or an integral multiple thereof500,000. The Borrower Borrowers’ Agent shall give the Lender Administrative Agent written notice of any continuation or conversion of any Advance Advances and such notice must be given so as to be received by the Lender Administrative Agent not later than 3:00 p.m. 11:00 a.m. (Minneapolis time) two Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Rate AdvanceAdvances and on the date of the requested conversion to Prime Rate Advances. Each such notice shall specify (a) the amount to be continued or converted, (b) the date for the continuation or conversion (which must be (i) the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business DayDay in the case of continuations as or conversions to Eurodollar Rate Advances and a Business Day in the case of conversions to Prime Rate Advances), and (c) in the case of conversions to or continuations as Eurodollar Rate Advances, the Interest Period applicable thereto. Any notice given by the Borrower Borrowers’ Agent under this Section shall be irrevocable. If the Borrower Borrowers’ Agent shall fail to notify the Lender Administrative Agent of the continuation of any Eurodollar Rate Advance Advances within the time required by this Section, at the option of the Administrative Agent, such Advance Advances shall, on the last day of the Interest Period applicable thereto, (y) automatically be continued as Eurodollar Rate Advances with the same Interest Period or (z) automatically be converted into a Reference Prime Rate Advance Advances. All conversions and continuation of Advances must be made uniformly and ratably among the same principal amountBanks.

Conversions and Continuations. On the terms and subject to the limitations hereof, the Borrower Company shall have the option at any time and from time to time to convert all or any portion of the Advances Loans (other than Swing-Line Loans) into Reference Rate Advances or Eurodollar Rate Advances, or to continue a Eurodollar Rate Advance as suchsuch (in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, with respect to any conversion into or continuation as Eurodollar Advances, or $2,000,000 or an integral multiple of $500,000 in excess thereof, with respect to any conversion into Reference Rate Advances); providedPROVIDED, however HOWEVER that a (i)a Eurodollar Rate Advance may be converted or continued only on the last day of the Interest Period applicable thereto thereto, and no (ii)no Advance may be converted into or continued as a Eurodollar Rate Advance if a an Unmatured Event of Default or Event of Default has occurred and is continuing on the proposed date of continuation or conversion. Advances may be converted to, or continued as, Eurodollar Rate Advances only in amounts of $500,000 or an integral multiple thereof. The Borrower Company shall give the Lender written notice Agent a Notice of any Borrowing, Continuation or Conversion with respect to the continuation or conversion of any Advance and such notice must be given so as to be received by the Lender Agent not later than 3:00 p.m. 12:00 noon (Minneapolis time) two three Eurodollar Business Days prior to requested date of conversion or continuation in the case of the continuation of, or conversion to, a Eurodollar Advances and not later than 12:00 noon (Minneapolis time) on the date of any requested conversion to Reference Rate AdvanceAdvances. Each such notice shall specify (a) the a)the amount to be continued or converted, (b) the b)the date for the continuation or conversion (which must be (i) the i)the last day of the preceding Interest Period for any continuation or conversion of Eurodollar Rate Advances, and (ii) a Eurodollar Business Day), and (c) Day in the case of conversions to or continuations as of Eurodollar Advances, and (ii)a Business Day in the case of conversions to Reference Rate Advances), and (c)in the case of conversions to or continuations of Eurodollar Advances, the Interest Period applicable thereto. Any notice given by the Borrower Company under this Section 2.05 shall be irrevocable. If the Borrower Company shall fail to notify the Lender Agent of the continuation of any Eurodollar Rate Advance Advances or of the conversion of Eurodollar Advances within the time required by this SectionSection 2.05, such Advance Advances shall, on the last day of the Interest Period applicable thereto, automatically be converted into a Reference Rate Advance Advances of the same principal amount. All conversions to and continuations of Advances shall be made uniformly and ratably among the Banks.