Common use of Fixed Rate for Revolving Loan Clause in Contracts

Fixed Rate for Revolving Loan. Borrower may, from time to time, elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; provided, that (i) at least two (2) Business Days prior to the proposed Interest Determination Date, Borrower has provided Lender with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five (5) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand Dollars ($50,000) and any amounts in excess thereof shall be in integral multiples of Fifty Thousand Dollars ($50,000). Any election by Borrower pursuant to this Section 2.4(b) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b), the interest rate for such portion of the Revolving Loan will automatically convert to the Base Rate.

Fixed Rate for Revolving Loan. Borrower may, from time to time, ----------------------------- elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; provided, that (i) at least two four (24) Business Days prior to the -------- proposed Interest Determination Date, Borrower has provided Lender Agent with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five ten (510) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand One Million Dollars ($50,0001,000,000) and any amounts in excess thereof shall be in integral multiples of Fifty One Hundred Thousand Dollars ($50,000100,000). Whenever Borrower shall notify Agent of an election pursuant to this Section 2.5(c), Agent shall so notify each Revolving Lender at least three (3) Business Days prior to the proposed Interest Determination Date. Any election by Borrower pursuant to this Section 2.4(b2.5(c) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b2.5(c), the interest rate for such portion of the Revolving Loan will automatically convert to the Base Variable Rate.

Fixed Rate for Revolving Loan. Borrower may, from time to time, elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; providedPROVIDED, that (i) at least two (2) Business Days prior to the proposed Interest Determination Date, Borrower has provided Lender with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five (5) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand Dollars ($50,000) and any amounts in excess thereof shall be in integral multiples of Fifty Thousand Dollars ($50,000). Any election by Borrower pursuant to this Section 2.4(b) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b), the interest rate for such portion of the Revolving Loan will automatically convert to the Base Rate.

Fixed Rate for Revolving Loan. Borrower may, from time to time, elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; provided, that (i) at least two (2) Business Days prior to the proposed Interest Determination Date, Borrower has provided Lender with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five (5) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand Dollars ($50,000) and any amounts in excess thereof shall be in integral multiples of Fifty Thousand Dollars ($50,000). Any election by Borrower pursuant to this Section 2.4(b2.5(b) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b2.5(b), the interest rate for such portion of the Revolving Loan will automatically convert to a floating rate equal to the Base RateRate or four percent (4%) per annum, whichever is greater.

Fixed Rate for Revolving Loan. Borrower may, from time to time, ----------------------------- elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; provided, that (i) at least two four (24) Business Days prior to -------- the proposed Interest Determination Date, Borrower has provided Lender Agent with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five ten (510) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand One Million Dollars ($50,0001,000,000) and any amounts in excess thereof shall be in integral multiples of Fifty One Hundred Thousand Dollars ($50,000100,000). Whenever Borrower shall notify Agent of an election pursuant to this Section 2.5(c), Agent shall so notify each Revolving Lender at least three (3) Business Days prior to the proposed Interest Determination Date. Any election by Borrower pursuant to this Section 2.4(b2.5(c) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b2.5(c), the interest rate for such portion of the Revolving Loan will automatically convert to the Base Variable Rate.

Fixed Rate for Revolving Loan. Borrower may, from time to time, ----------------------------- elect to convert all or a portion of the outstanding Revolving Advances to a Fixed Rate; provided, that (i) at least two four (24) Business Days prior to the -------- proposed Interest Determination Date, Borrower has provided Lender Agent with written notice of such election, the requested Interest Determination Date, the amount of the Revolving Advances to be converted, and the requested Interest Period for the amount to be converted, (ii) at the time of delivery of such written notice and upon the date of conversion, no Default or Event of Default exists under this Agreement, (iii) at no time shall there be more than five twelve (512) outstanding tranches of the Revolving Loan bearing interest at a Fixed Rate, (iv) the last day of the Interest Period chosen by Borrower shall not extend beyond the Revolving Loan Maturity Date, and (v) the amount converted to a Fixed Rate at any one time shall be not less than Fifty Thousand One Million Dollars ($50,0001,000,000) and any amounts in excess thereof shall be in integral multiples of Fifty One Hundred Thousand Dollars ($50,000100,000). Whenever Borrower shall notify Agent of an election pursuant to this Section 2.5(c), Agent shall so notify each Revolving Lender at least three (3) Business Days prior to the proposed Interest Determination Date. Any election by Borrower pursuant to this Section 2.4(b2.5(c) shall be irrevocable during the Interest Period selected by Borrower, and that portion of the Revolving Loan so converted shall bear interest at the applicable Fixed Rate until the expiration of the applicable Interest Period at which time, unless another Fixed Rate has been duly elected by Borrower pursuant to this Section 2.4(b2.5(c), the interest rate for such portion of the Revolving Loan will automatically convert to the Base Variable Rate.