Common use of Duration of Interest Periods and Selection of Interest Rates Clause in Contracts

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Floating Rate Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Rate Loan), by giving notice of such election to the Agent by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Loan into a LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent does not receive a notice of election for a Loan pursuant to this Section 2.04(a) within the applicable time limits specified herein, Borrower shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Loan on such date as a Floating Rate Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The commencement date and duration of the initial Interest Period for each LIBOR Loan shall be (i) with respect to a Revolving Credit Loan, as specified in the applicable Notice of BorrowingBorrowing for such Revolving Credit Loan, and (ii) with respect to any portion of the Term Loan, as specified by Borrower in an irrevocable notice to Agent given by 11:00 a.m. (St. Louis time) at least two (2) Eurodollar Business Days before any such conversion to the LIBOR Rate. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan Loan, and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (ix) in the case of any Floating Base Rate Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and thereto or (iiy) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Base Rate Loan), by giving notice of such election to the Agent by 10:00 11:00 a.m. (St. Louis time) on the Domestic Business Day day of, in the case of the election of the Floating Base Rate, and by 10:00 11:00 a.m. (St. Louis time) at least three two (32) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks under Section 6 11 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Base Rate Loan into a LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. By 12:00 noon (St. Louis time) on the date of receipt of each such notice (which must be of conversion or continuation of a Domestic Business Day) Loan from Borrower, Agent shall notify each Bank of the contents thereofthereof and of such Bank's ratable share of such Loan. If the Agent does not receive a A notice of election for a Loan pursuant to by Borrower under this Section 2.04(a6.1(a) within the applicable time limits specified hereinshall not be revocable by Borrower. All LIBOR Loans, Borrower whether by conversion or by an advance, shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 on the last day of the current Interest Period with respect thereto and to reborrow the a principal amount of such Loan on such date as at least $2,500,000.00 or multiples of $250,000.00 in excess thereof. All Loans which bear interest at a Floating particular LIBOR Rate for a particular Interest Period shall constitute a single LIBOR Loan. Borrower may not have outstanding and Banks shall not be obligated to make more than five (5) LIBOR Loans at any one time.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Floating Rate Daily LIBOR Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Rate Daily LIBOR Loan), by giving notice of such election to the Agent Lender by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Daily LIBOR Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Daily LIBOR Loan into a LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent Lender does not receive a notice of election for a Loan pursuant to this Section 2.04(a) within the applicable time limits specified herein, Borrower shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 2.08 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Loan on such date as a Floating Rate Daily LIBOR Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Floating Rate Prime Loan, to elect that such Floating Rate Prime Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Rate Prime Loan), by giving notice of such election to the Administrative Agent by 10:00 a.m. (St. Louis Central time) on the Domestic Business Day of, in the case of the election of the Floating Adjusted Prime Rate, and by 10:00 a.m. (St. Louis Central time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Administrative Agent and the Banks under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Prime Loan into a LIBOR Loan. Upon receipt of any such notice given by Borrower to the Administrative Agent under this Section 2.04, the Administrative Agent shall notify each Bank by 11:00 a.m. (St. Louis Central time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Administrative Agent does not receive a notice of election for a Loan pursuant to this Section 2.04(a) within the applicable time limits specified herein, Borrower shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Loan on such date as a Floating Rate Prime Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Floating Rate Daily Reset Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Rate Daily Reset Loan), by giving notice of such election to the Agent Lender by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Daily Reset LIBOR Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar New York Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Daily Reset Loan into a LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent Lender does not receive a notice of election for a Loan pursuant to this Section 2.04(a) within the applicable time limits specified herein, Borrower shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 2.08 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Loan on such date as a Floating Rate Daily Reset Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Notice of Revolving Credit Borrowing. Borrower The Company shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower the Company shall have the option (i) in the case of any Floating Revolving Credit Base Rate Loan, to elect that such Floating Rate Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such LIBOR Revolving Credit Loan become a Floating Revolving Credit Base Rate Loan), by giving oral or written notice of such election to the Agent by 10:00 a.m. 12:00 noon (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Adjusted Base Rate, and by 10:00 a.m. 12:00 noon (St. Louis time) at least three two (32) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lenders under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower the Company shall not be permitted to renew continue any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Floating Revolving Credit Base Rate Loan into a Revolving Credit LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.042.08(a), the Agent shall notify each Bank Lender by 11:00 a.m. 1:00 p.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a2.08(a) within the applicable time limits specified herein, Borrower the Company shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.09 2.13 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Floating Revolving Credit Base Rate Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in bear interest on the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option outstanding principal amount thereof: (i) based on the Prime Rate on all or any portion of the Loan in the case an amount not less than $50,000.00 or any larger multiple of any Floating Rate Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and $10,000.00; or (ii) in the case of any LIBOR Loan, to elect provided that such LIBOR Loan become a Floating Rate Loan), by giving notice of such election to the Agent by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks under Section 6 hereof, so long as any no Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall may from time to time fix the interest rate on all or any portion of the Loan in an amount not be permitted to renew less than $2,500,000.00 or any larger multiple of $500,000.00 based on LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Loan into a LIBOR Loan. Upon receipt of any such notice given for the Interest Period selected by Borrower (subject to the Agent under this Section 2.04definition of Interest Period). If Borrower elects to have any portion of the Loan bear interest based on the LIBOR Rate, the Agent Borrower shall notify each Bank give oral or written notice (an "Interest Rate Selection Notice") to Lender by 11:00 a.m. 10:00 am (St. St., Louis time) on the at least three (3) Eurodollar Business Days before any date of receipt of such notice (which must be a Domestic Eurodollar Business Day) upon which Borrower desires to fix the interest rate on any portion of the contents thereofLoan, which Interest Rate Selection Notice shall specify the portion of the Loan that is to bear interest based on the LIBOR Rate and the Initial Interest Period applicable thereto. If the Agent does Borrower may not receive a notice of election for a Loan pursuant to revoke or rescind any Interest Rate Selection Notice. Unless Borrower shall have otherwise notified Lender in accordance with this Section 2.04(a) within 2.02(a), upon the applicable time limits specified hereinexpiration of any Interest Period, Borrower shall be deemed to have elected to pay such that portion of the Loan in whole pursuant to Section 2.09 bearing interest based on the last day of the current LIBOR Rate during such Interest Period with respect thereto shall bear interest based on the Prime Rate from and to reborrow after the principal amount expiration of such Loan Interest Period. The individuals listed on such date as a Floating Schedule 2.02 are authorized to act on behalf of Borrower to give any Interest Rate LoanSelection Notice.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower Any of the Borrowers shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower Borrowers shall have the option (i) in the case of any Floating Rate Revolving Credit Prime Loan, to elect that such Floating Rate Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such LIBOR Revolving Credit Loan become a Floating Rate Revolving Credit Prime Loan), by giving notice of such election to the Agent Lender by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Prime Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding then current Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower Borrowers shall not be permitted to renew any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Floating Rate Revolving Credit Prime Loan into a Revolving Credit LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent Lender does not receive a notice of election for a Revolving Credit LIBOR Loan pursuant to this Section 2.04(a2.05(a) within the applicable time limits specified herein, Borrower Borrowers shall be deemed to have elected to pay such Revolving Credit LIBOR Loan in whole pursuant to Section 2.09 2.10 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit LIBOR Loan on such date as a Floating Rate Revolving Credit Prime Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option option, in the case of any Prime Loan, to elect that such Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (iiii) in the case of any Floating Rate Loan, to elect that such Floating Rate Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such LIBOR Loan become a Floating Rate Prime Loan), by giving notice of such election to the Agent by 10:00 a.m. (St. Louis time) 1:00 p.m. on the Domestic Business Day of, in the case of the election of the Floating Prime Rate, and by 10:00 11:00 a.m. (St. Louis time) at least three (3) Eurodollar EurodollarEurocurrency Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Floating Rate Prime Loan into a LIBOR Loan. Upon receipt ; provided, further, however, that the number of outstanding Borrowings of LIBOR Loans with different Interest Periods shall not at any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent does not receive a notice of election for a Loan pursuant to this Section 2.04(a) within the applicable time limits specified herein, Borrower shall be deemed to have elected to pay such Loan in whole pursuant to Section 2.09 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Loan on such date as a Floating Rate Loanexceed 15.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Notice of Revolving Credit Borrowing. Borrower The Company shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower the Company shall have the option (i) in the case of any Floating Revolving Credit Base Rate Loan, to elect that such Floating Rate Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such LIBOR Revolving Credit Loan become a Floating Revolving Credit Base Rate Loan), by giving oral or written notice of such election to the Agent by 10:00 a.m. 12:00 noon (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Adjusted Base Rate, and by 10:00 a.m. 12:00 noon (St. Louis time) at least three two (32) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lenders under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower the Company shall not be permitted to renew any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Floating Revolving Credit Base Rate Loan into a Revolving Credit LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.042.06(a), the Agent shall notify each Bank Lender by 11:00 a.m. 1:00 p.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a2.06(a) within the applicable time limits specified herein, Borrower the Company shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.09 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Floating Revolving Credit Base Rate Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Notice of Borrowing. Borrower The Company shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower the Company shall have the option (i) in the case of any Floating Rate Revolving Credit Prime Loan, to elect that such Floating Rate Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such LIBOR Revolving Credit Loan become a Floating Rate Revolving Credit Prime Loan), by giving notice of such election to the Agent Lender by 10:00 a.m. 2:00 p.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Prime Rate, and by 10:00 a.m. 2:00 p.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower the Company shall not be permitted to renew any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Floating Rate Revolving Credit Prime Loan into a Revolving Credit LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.04, the Agent shall notify each Bank by 11:00 a.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent Lender does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a2.06(a) within the applicable time limits specified herein, Borrower the Company shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.09 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Floating Rate Revolving Credit Prime Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Notice of Revolving Credit Borrowing. Borrower The Company shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower the Company shall have the option (i) in the case of any Floating Revolving Credit Base Rate Loan, to elect that such Floating Rate Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such LIBOR Revolving Credit Loan become a Floating Revolving Credit Base Rate Loan), by giving notice of such election to the Agent by 10:00 a.m. 12:00 noon (St. Louis time) on the Domestic Business Day of, in the case of the election of the Floating Adjusted Base Rate, and by 10:00 a.m. 12:00 noon (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of the Agent and the Banks Lenders under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower the Company shall not be permitted to renew any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Floating Revolving Credit Base Rate Loan into a Revolving Credit LIBOR Loan. Upon receipt of any such notice given by Borrower to the Agent under this Section 2.042.06(a), the Agent shall notify each Bank Lender by 11:00 a.m. 1:00 p.m. (St. Louis time) on the date of receipt of such notice (which must be a Domestic Business Day) of the contents thereof. If the Agent does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a2.06(a) within the applicable time limits specified herein, Borrower the Company shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.09 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Floating Revolving Credit Base Rate Loan.