Common use of Determination of Interest Rate for Conversion Clause in Contracts

Determination of Interest Rate for Conversion. The determination of the interest rate applicable for any Fixed Advance relating to the conversion of any or all of the Variable Facility Commitment to the Fixed Facility Commitment shall be made not later than the Business Day following the date on which Borrower requests such determination be made, provided that (i) the Future Advance Request for such Fixed Advance has been approved by Lender and (ii) Borrower requests that the interest rate determination be made not later than 10:00 a.m. Eastern time on the Business Day prior to the day on which Borrower desires the interest rate determination to be made.

Determination of Interest Rate for Conversion. The Pursuant to the terms of Article 2, the determination of the interest rate applicable for any Fixed Advance relating to the conversion of all or a portion of any or all of the Variable Facility Commitment Advance to the a Fixed Facility Commitment Advance shall be made not later than the Business Day following the date on which Borrower requests such determination be made, provided that (i) the Future Advance Conversion Request for such Fixed Advance has been approved by Lender and (ii) Borrower requests that the interest rate determination be made not later than 10:00 a.m. Eastern time on the Business Day prior to the day on which Borrower desires the interest rate determination to be made.