Common use of Conversion/Continuation Option Clause in Contracts

Conversion/Continuation Option. (a) The Borrowers may elect (i) at any time to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Rate Loans, or (ii) at the end of any applicable Interest Period, to convert Eurocurrency Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Loans for each Interest Period must be in the amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto (a "Notice of Conversion or Continuation") and shall be made by giving the Administrative Agent at least three Business Days' prior written notice specifying (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurocurrency Rate Loans, the applicable Interest Period, and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period). (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Rate Loans, and no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, would violate any of the provisions of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto F (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least (x) three Business Days' ’ prior written notice specifying in the case of a conversion to, or continuation of, Eurodollar Rate Loans or (y) one Business Day’s prior written notice in the case of a conversion to Base Rate Loans, each such notice specifying, as applicable, (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to to, or a continuation of Eurocurrency of, Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Rate Loans, and no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, would violate any of the provisions of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Term Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto D (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least (x) three Business Days' ’ prior written notice specifying in the case of a conversion to, or continuation of, Eurodollar Rate Loans or (y) one Business Day’s prior written notice in the case of a conversion to Base Rate Loans, each such notice specifying, as applicable, (A) the amount and type of Term Loan being converted or continued, (B) in the case of a conversion to to, or a continuation of Eurocurrency of, Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Eurodollar Rate Loans, Loans and no continuation in whole or in part of Eurocurrency Eurodollar Rate Loans upon the expiration of any applicable Interest Period, Period shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, a Eurodollar Rate Loan would violate any of the provisions provision of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.2.11 (

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto F (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least (x) three Business Days' ’ prior written notice specifying in the case of a conversion to, or continuation of, Eurodollar Rate Loans or (y) one Business Day’s prior written notice in the case of a conversion to Base Rate Loans, each such notice specifying, as applicable, (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to to, or a continuation of Eurocurrency of, Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Rate LoansAMENDED AND RESTATED CREDIT AGREEMENT KNOLOGY, and no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, would violate any of the provisions of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocableINC.

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day, to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 1,000,000 or an integral multiple of $1,000,000 500,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto F (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least three 3 Business Days' ’ prior written notice specifying (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurocurrency Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Eurodollar Rate Loans, Loans and no continuation in whole or in part of Eurocurrency Eurodollar Rate Loans upon the expiration of any applicable Interest PeriodAmended and Restated Credit Agreement U.S. Concrete, shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, would violate any of the provisions of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.Inc.

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, (A) to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or (B) to continue such Eurocurrency Eurodollar Rate Loans Loans, or any portion thereof thereof, for an additional Interest Period; provided, however, that (i) the aggregate amount of the Eurocurrency Base Rate Loans for each Interest Period must be in the amount of at least $5,000,000 500,000 or an integral multiple of $1,000,000 100,000 in excess thereof, or, thereof and (ii) the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in the case amount of Multicurrency Loans, in an aggregate amount equal to at least $1,000,000 or an integral multiple of 100,000 units $500,000 in the applicable Alternate Currency and (converted to the Dollar Equivalent excess thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto F (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least three Business Days' ’ prior written notice specifying (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurocurrency Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each applicable Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Eurodollar Rate Loans, Loans and no continuation in whole or in part of Eurocurrency Rate Loans upon the expiration of any applicable Interest Period, shall be permitted at any time at which (i) a Default or an Event of Default shall have occurred and be continuing or (ii) the continuation of, or conversion into, would violate any of the provisions of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.in

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans and Canadian Loans) or any portion thereof to Eurocurrency Eurodollar Rate Loans, or Loans and (ii) at the end of any applicable Interest Period, to convert Eurocurrency Eurodollar Rate Loans (other than any such Loans denominated in Euros) or any portion thereof into Base Rate Loans or to continue such Eurocurrency Eurodollar Rate Loans or any portion thereof for an additional Interest Period; provided, however, that the aggregate amount of the Eurocurrency Eurodollar Loans for each Interest Period must be in the amount of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or, in the case of Multicurrency Loans, in an aggregate amount equal to an integral multiple of 100,000 units in the applicable Alternate Currency and (converted to the Dollar Equivalent thereof) equal to or greater than $5,000,000. Each conversion or continuation shall be allocated among the Loans of each Lender in accordance with its such Lender’s Ratable Portion. Each such election shall be in substantially the form of Exhibit E hereto (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least three Business Days' ’ prior written notice specifying (A) the amount and type of Loan being converted or continued, (B) in the case of a conversion to or a continuation of Eurocurrency Eurodollar Rate Loans, the applicable Interest Period, Period and (C) in the case of a conversion, the date of conversion (which date shall be a Business Day and, if a conversion from Eurocurrency Rate Loans, shall also be the last day of the applicable Interest Period)such conversion. (b) The Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding the foregoing, no conversion in whole or in part of Base Rate Loans to Eurocurrency Eurodollar Rate Loans, Loans and no continuation in whole or in part of Eurocurrency Eurodollar Rate Loans upon the expiration of any applicable Interest Period, Period shall be permitted at any time at which (iA) a Default or an Event of Default shall have occurred and be continuing or (iiB) the continuation of, or conversion into, a Eurodollar Rate Loan would violate any of the provisions provision of Section 2.15. If, within the time period required under the terms of this Section 2.12, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans will be automatically converted to Base Rate Loans or, in the case of Eurocurrency Rate Loans denominated in Euros, Eurocurrency Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.2.13 (