Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Advance in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Advance at the expiration of an Interest Period, the Lender shall automatically and without request of the Borrower convert each LIBOR Advance to a Floating Rate Advance on the last day of the relevant Interest Period. So long as no Default exists, the Borrower may cause all or any part of any maturing LIBOR Advance to be renewed as a new LIBOR Advance by requesting that the Lender continue the maturing Advance as a LIBOR Advance no later than the Cut-off Time on the Business Day that is two (2) Business Days prior to the Business Day constituting the first day of the new Interest Period. Each such request shall be confirmed in writing (including e-mail) by the Borrower upon the Lender’s request by any Officer or designated agent identified in Section 2.2(b), or by a Person reasonably believed by the Lender to be such an Officer or designated agent, which confirmation shall be effective upon receipt by the Lender, and which shall specify the amount of the expiring LIBOR Advance to be continued and the applicable Interest Period. Each new Interest Period shall begin on a Business Day and the amount of each LIBOR Advance shall be in multiples of $1,000,000, with a minimum Advance of at least $1,000,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new Eurodollar Rate Funding in accordance with the procedures set forth below, or prepay the principal of an outstanding Eurodollar Rate Funding at the expiration of an Interest Period, each Bank shall automatically and without request of the Borrower convert each Eurodollar Rate Funding to a Floating Rate Funding on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding Eurodollar Rate Funding to continue to bear interest at a Eurodollar Rate after the end of the then applicable Interest Period by notifying the Agent not later than 10:00 a.m., Minneapolis, Minnesota time, on a Business Day which is at least two (2) Business Days prior to the first day of the new Interest Period. Each such notice shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Agent (in the form of Exhibit D), shall be irrevocable, effective when received by the Agent, and shall specify the first day of the applicable Interest Period, the amount of the expiring Eurodollar Rate Funding to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Funding bearing a new Eurodollar Rate shall be in an amount equal to $1,000,000 or a higher integral multiple of $100,000.
Procedures at End of an Interest Period. Unless the Borrowers request a new LIBOR Rate Advance in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Rate Advance at the expiration of an Interest Period, each Bank shall automatically and without request of the Borrowers convert each LIBOR Rate Advance to a Base Rate Advance on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrowers may cause all or any part of any outstanding LIBOR Rate Advance to continue to bear interest at a LIBOR Rate after the end of the then applicable Interest Period by submitting a Notice of Borrowing, Conversion or Continuation to the Agent not later than 12:00 noon, Minneapolis, Minnesota time, on a Business Day which is at least three (3) Business Days prior to the first day of the new Interest Period. Each Notice of Borrowing, Conversion or Continuation shall be in writing or by telephone or telecopy transmission, if by telephone to include all information on a Notice of Borrowing, Conversion or Continuation and to be confirmed in writing by a Notice of Borrowing, Conversion or Continuation if so requested by the Agent, and shall be irrevocable, effective when received by the Agent. Each new Interest Period shall begin on a Business Day and the amount of each LIBOR Rate Advance shall be in an amount equal to $2,000,000 or a higher integral multiple of $500,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then applicable Interest Period by notifying the Administrative Agent not later than 12:00 noon on a Business Day which is at least 3 Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit G), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO Rate shall be in an amount equal to $1,000,000 or a higher integral multiple of $500,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth in this Section, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then-applicable Interest Period by notifying the Administrative Agent not later than 11:00 a.m. on a Business Day that is at least 3 Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit K), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the new Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO Rate shall be in an amount equal to $5,000,000 or a higher integral multiple of $1,000,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new Eurodollar Advance in accordance with the procedures set forth below, or prepays the principal of an outstanding Eurodollar Advance at maturity thereof, the Bank shall automatically and without request by the Borrower, convert each Eurodollar Advance to a Floating Rate Advance on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding Eurodollar Advances to continue to bear interest at a Eurodollar Rate after the end of the then applicable Interest Period by notifying the Bank not later than 12:00 Noon, Minneapolis, Minnesota time, on a Business Day which is at least two (2) Business Days prior to the first day of the new Interest Period. Each such notice shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Bank (in the form of Exhibit D), shall be effective when received by the Bank, and shall specify the first day of the applicable Interest Period, the amount of the expiring Eurodollar Advances to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the aggregate amount of the Advances bearing the new Eurodollar Rate shall be in an amount equal to $100,000 or a higher multiple of $100,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth below, or requests and accepts a new Quoted Rate Loan in accordance with the procedures set forth in Sections 2.3(b) and 2.5(b), or pays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default exists, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then applicable Interest Period by notifying the Administrative Agent not later than 11:00 a.m. on a Business Day which is at least three (3) Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit G), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the new Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing interest at a new LIBO Rate shall be in an amount equal to $1,000,000 or a higher integral multiple of $500,000.
Procedures at End of an Interest Period. Unless the Borrowers request a new Eurodollar Advance or pays the Eurodollar Advances in full at the expiration of an Interest Period, each Eurodollar Advance shall automatically be converted into a Floating Rate Advance on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrowers may cause all or any part of the principal amount of any Eurodollar Advance to continue as a new Eurodollar Advance after the end of the then applicable Interest Period by notifying the Agent not later than 10:30 a.m., Minneapolis, Minnesota time, on a Business Day which is at least two (2) Business Days prior to the first day of the new Interest Period. Each such notice shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrowers if so requested by the Agent (in the form of Exhibit E), shall be irrevocable, effective when received by the Agent, and shall specify the first day of the applicable Interest Period, the amount of the Advance to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each new Eurodollar Advance shall be in an amount equal to $500,000 or a higher integral multiple of $100,000.
Procedures at End of an Interest Period. Unless the Administrative Borrower requests a new LIBO Rate Advance in accordance with the procedures set forth below, or the Borrowers prepay the principal of an outstanding LIBO Rate Advance at the expiration of an Interest Period, the Lender shall automatically and without request of the Administrative Borrower convert each LIBO Rate Advance to a Floating Rate Advance on the last day of the relevant Interest Period. So long as no Default Period exists, the Administrative Borrower may cause all or any part of any outstanding LIBO Rate Advance to continue to bear interest at a LIBO Rate after the end of the then applicable Interest Period by notifying the Lender not later than 11:00 a.m., Los Angeles, California time, on a Banking Day which is at least three (3) Banking Days prior to the first day of the new Interest Period. Each such notice shall be in writing (in the form of Exhibit H) or by telephone or telecopy transmission, to be confirmed in writing by the Administrative Borrower if the Lender so requests, shall be effective when received by the Lender, and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBO Rate Advance to be continued and the applicable Interest Period. Each new Interest Period shall begin on a Banking Day and the amount of each Advance bearing a new LIBO Rate shall be equal to $500,000 or a higher integral multiple of $100,000.
Procedures at End of an Interest Period. Unless the Borrower requests a new LIBO Rate in accordance with the procedures set forth below, each Lender shall automatically and without request by the Borrower, convert each LIBO Advance to a Floating Rate Warehousing Advance on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBO Advance to continue to bear interest at a LIBO Rate after the end of the applicable Interest Period by notifying the Agent no later than 2:00 p.m., Denver, Colorado time, on a Business Day which is at least three (3) Business Days prior to the first day of the new Interest Period. Each such notice shall be in writing or by telecopy transmission (in the form of EXHIBIT 3 to the Third Amendment), shall be effective when received by the Agent, and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBO Advance to be continued and the Interest Period therefor. Promptly upon receipt of such notice, the Agent shall advise each Lender thereof. Each new Interest Period shall begin on a Business Day and the aggregate amount of the Warehousing Advances bearing the new LIBO Rate shall be in an amount equal to $1,000,000 or a higher integral multiple of $100,000.
