Repayments and Conversions. The Borrowers may (A) subject to Section 2.5, at any time without prior notice repay a Base Rate Advance, or (B) upon at least three (3) Business Days’ irrevocable prior written notice by the Administrative Borrower to the Administrative Agent in the form of a Notice of Conversion/Continuation, convert all or a portion of the principal thereof to one or more Eurodollar Advances. Upon the date indicated by the Administrative Borrower, such Base Rate Advance shall be so repaid or converted.
Repayments and Conversions. The Borrower may (A) repay or prepay a Base Rate Advance upon prior irrevocable telephonic notice to the Administrative Agent not later than 11:00 a.m. (New York time) on the date of repayment or prepayment, or (B) convert all or a portion of the principal amount of a Base Rate Advance to one or more Eurodollar Advances upon prior irrevocable written notice to the Administrative Agent not later than 11:00 a.m. (New York time) on the date three (3) Business Days prior to such conversion in the form of a Notice of Conversion/Continuation, or notice by telephone or telecopy followed immediately by a Notice of Conversion/Continuation. On the date indicated by the Borrower, such Base Rate Advance shall be so repaid or, as applicable, converted.
Repayments and Conversions. The Borrower may (A) upon at least one (1) Business Days' irrevocable prior written notice to the Administrative Agent, repay or prepay a Base Rate Advance, or (B) upon at least three (3) Business Days' irrevocable prior written notice to the Administrative Agent in the form of a Notice of Conversion/Continuation, convert all or a portion of the principal amount thereof to one or more Eurodollar Advances. On the date indicated by the Borrower, such Base Rate Advance shall be so repaid or converted.
Repayments and Conversions. The Swing Bank shall notify the Administrative Agent, and the Administrative Agent shall notify each Lender, each Friday by 3:00 p.m. (Charlotte, North Carolina time) of the amount of all Swing Loans outstanding. Each Lender shall before 12:00 noon (Charlotte, North Carolina time) on the next Business Day make available to the Administrative Agent, in immediately available funds, the amount of its pro rata share (based on its Revolving Commitment Percentage) of such Swing Loans. Upon such payment by a Lender, such Lender shall be deemed to have made a Revolving Loan that is a Base Rate Loan, notwithstanding any failure of the Borrower to satisfy the conditions in Section 4.2. The Administrative Agent shall use such funds to repay the Swing Loans to the Swing Bank. Additionally, if at any time any Swing Loans exist, any of the events described in clauses (g) or (h) of Section 8.1 shall have occurred, then each Lender shall automatically and without any action on the part of the Swing Bank, the Borrower, the Administrative Agent or the Lenders, be deemed to have purchased an undivided participation in the Swing Loans in an amount equal to such Lender’s Revolving Commitment Percentage and each Lender shall, notwithstanding such Event of Default, immediately pay to the Administrative Agent for the account of the Swing Bank in immediately available funds, the amount of such Lender’s participation (and upon receipt thereof, the Swing Bank shall deliver to such Lender a loan participation certificate dated the date of receipt of such funds in such amount). The disbursement of funds in connection with the settlement of Swing Loans hereunder shall be subject to the terms and conditions of Section 2.3(f).
Repayments and Conversions. The Borrower may (A) repay or prepay a Base Rate Advance without regard to its Payment Date, (i) with respect to Base Rate Advances that are Revolving Loans, at any time without prior written notice, and (ii) with respect to Base Rate Advances that are Term Loans, upon prior written notice in the form of a Notice of Conversions, Continuations, or Prepayments received prior to 11:00 A.M. (New York, New York time) one (1) Business Day prior to such repayment or prepayment or telephonic notice followed immediately by a Notice of Conversions, Continuations, or Prepayments, (B) Continue all or a portion of the principal amount of any Base Rate Advance (other than a Swing Line Loan) as a Base Rate Advance upon prior written notice in the form of a Notice of Conversions, Continuations, or Prepayments received prior to 11:00 A.M. (New York, New York time) one (1) Business Day prior to such continuance, (C) upon at least three (3) Business Days’ prior written notice, prior to 11:00 A.M. (New York, New York time) on such date that notice is given, in the form of a Notice of Conversions, Continuations, or Prepayments, or telephonic notice followed immediately by a Notice of Conversions, Continuations, or Prepayments, Convert all or a portion of the principal of any Base Rate Advance (other than a Swing Line Loan) as one or more LIBOR Advances, or (D) elect to not reborrow all or any portion of a Base Rate Advance. On the date indicated by the Borrower, such Base Rate Advance shall be so Continued or Converted, as applicable. The failure to give timely notice hereunder with respect to the Payment Date of any Base Rate Advance (other than a Swing Line Loan) shall be considered a continuation of a Base Rate Advance.
Repayments and Conversions. The Borrower may (A) at any time without prior notice repay a Base Rate Borrowing or (B) upon at least three (3) Business Days irrevocable prior written notice to the Administrative Agent in the form of a Notice of Conversion/Continuation, convert all or a portion of the principal of any Base Rate Borrowing to one or more Eurodollar Borrowings. Upon the date indicated by the Borrower, such Base Rate Borrowing shall be so repaid or converted.
Repayments and Conversions. The Borrower may (A) repay or -------------------------- prepay a Base Rate Advance at any time upon at least one (1) Business Day's irrevocable prior written notice, or (B) upon at least three (3) Business Days' irrevocable prior written notice, convert all or a portion of the principal thereof as one or more LIBOR Advances. On the date indicated by the Borrower, such Base Rate Advance shall be so repaid or, as applicable, converted.
Repayments and Conversions. At least three (3) Business -------------------------- Days prior to each Payment Date for a LIBOR Advance, subject to Sections 2.2(a) and 2.3(f) hereof, the Borrower shall give the Administrative Agent written notice specifying whether all or a portion of any LIBOR Advance outstanding on the Payment Date (a) is to be continued in whole or in part as a LIBOR Advance, or (b) is to be converted in whole or in part as one or more Base Rate Advances, or (c) subject to Section 2.7 hereof, is to be repaid and not continued or converted. Upon such Payment Date such LIBOR Advance will, subject to the provisions hereof, be so continued or converted or repaid. If the Borrower fails to give any such notice, such LIBOR Advance will be converted to a Base Rate Advance.
Repayments and Conversions. The Borrowers may (A) subject to Section 2.5, at any time without prior notice repay a Base Rate Loan, or (B) upon at least three (3) Business Days’ irrevocable prior written notice by the Administrative Borrower to (x) the Revolving Facility Administrative Agent, in case of Revolving Loans denominated in Dollars and (y) the Term Facility Administrative Agent, in case of Term Loans, in each case, in the form of a Notice of Conversion/Continuation, convert all or a portion of the principal thereof to one or more Eurodollar Loans; provided, however, that the Borrowers may not elect to convert any Base Rate Loans to Eurodollar Loans during the first thirty (30) days following the Agreement Date (or such earlier date as shall be specified by the applicable Administrative Agent in its sole discretion by written notice to the Borrowers and the Lenders). Upon the date indicated by the Administrative Borrower, such Base Rate Loan shall be so repaid or converted.
Repayments and Conversions. The Borrower may (A) repay or prepay a Base Rate Advance without regard to its Payment Date upon irrevocable prior written notice in the form of a Notice of Conversions, Continuations, or Prepayments or telephonic notice followed immediately by a Notice of Conversions, Continuations, or Prepayments, (B) continue all or a portion of the principal amount thereof as a Base Rate Advance upon irrevocable prior written notice in the form of a Notice of Conversions, Continuations, or Prepayments, (C) upon at least three (3) Business Days' irrevocable prior written notice in the form of a Notice of Conversions, Continuations, or Prepayments, or telephonic notice followed immediately by a Notice of Conversions, Continuations, or Prepayments Convert all or a portion of the principal thereof as one or more LIBOR Advances, or (D) elect to not reborrow all or any portion of such Base Rate Advance. On the date indicated by the Borrower, such Base Rate Advance shall be so continued or Converted, as applicable. The failure to give timely notice hereunder with respect to the Payment Date of any Base Rate Advance shall be considered a request for a Base Rate Advance.
