Common use of Repayments and Conversions Clause in Contracts

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. 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 Bank 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 2.10 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.