Common use of Conversion and Continuation Procedures Clause in Contracts

Conversion and Continuation Procedures. Subject to Section 2.2.1, the Company may, upon irrevocable written notice to the Administrative Agent in accordance with clause (b) below: (A) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $100,000 or a higher integral multiple of $100,000) into Loans of the other type; or (B) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $200,000 or a higher integral multiple of $100,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $200,000 and an integral multiple of $100,000.

Conversion and Continuation Procedures. (1) Subject to Section 2.2.12.3.1, the Company Representative may, upon irrevocable written notice to the Administrative Agent in accordance with clause (b) below: (Ai) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $100,000 or 1,000,000 and a higher integral multiple of $100,000250,000) into Loans of the other type; or (Bii) elect, as of the last day of the applicable Interest Period, to continue any LIBOR Loans having Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $200,000 1,000,000 or a higher integral multiple of $100,000250,000) for a new Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of LIBOR Loans shall be at least $200,000 1,000,000 and an integral multiple of $100,000250,000.