Common use of Duration of Interest Periods and Selection of Interest Rates Clause in Contracts

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Borrowing Notice. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Prime Loan, to elect that such Revolving Credit Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such Revolving Credit Loan become a Prime Loan), by giving notice of such election to Lender by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Prime Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of Lender under Section 6 hereof, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Prime Loan into a LIBOR Loan. (b) If Lender does not receive a notice of election for a Revolving Credit Loan pursuant to Section 2.04(a) above within the applicable time limits specified therein, Borrower shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.10 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Prime Loan.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Borrowing NoticeNotice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Prime Loan, to elect that such Revolving Credit Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such Revolving Credit Loan become a Prime Loan), by giving notice of such election to Lender Bank by 10:00 11:30 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Prime Rate, and by 10:00 11:30 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of Lender Bank under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Prime Loan into a LIBOR Loan. (b) If Lender Bank does not receive a notice of election for a Revolving Credit Loan pursuant to Section 2.04(a2.05(a) above within the applicable time limits specified therein, Borrower shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.10 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Prime Loan. (c) Borrower may not have outstanding and Bank shall not be obligated to make more than six (6) LIBOR Loans at any one time.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each Revolving Credit LIBOR Loan shall be as specified in the applicable Borrowing NoticeNotice of Borrowing. Borrower The Company shall elect the duration of each subsequent Interest Period applicable to such Revolving Credit LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower the Company shall have the option (i) in the case of any Revolving Credit Prime Loan, to elect that such Revolving Credit Loan become a Revolving Credit LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any Revolving Credit LIBOR Loan, to elect that such Revolving Credit Loan become a Revolving Credit Prime Loan), by giving notice of such election to Lender by 10:00 a.m. 2:00 p.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Prime Rate, and by 10:00 a.m. 2:00 p.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower the Company shall not be permitted to renew any Revolving Credit LIBOR Loan as a Revolving Credit LIBOR Loan or to convert any Revolving Credit Prime Loan into a Revolving Credit LIBOR Loan. (b) . If Lender does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a2.06(a) above within the applicable time limits specified thereinherein, Borrower the Company shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.10 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Revolving Credit Prime Loan. (b) The Term Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Adjusted Prime Rate. So long as no Default or Event of Default under this Agreement has occurred and is continuing, ▇▇▇▇▇▇▇ Properties may from time to time fix the interest rate on all or any portion of the Term Loan in an amount not less than $500,000.00 or any larger multiple of $100,000.00 at the LIBOR Rate for the Interest Period selected by ▇▇▇▇▇▇▇ Properties (subject to the definition of Interest Period). If ▇▇▇▇▇▇▇ Properties elects to have any portion of the Term Loan bear interest at the LIBOR Rate, ▇▇▇▇▇▇▇ Properties shall give oral or written notice (an "Interest Rate Selection Notice") to Lender by 2:00 p.m. (St. Louis time) at least three (3) Eurodollar Business Days before any date (which must be a Eurodollar Business Day) upon which ▇▇▇▇▇▇▇ Properties desires to fix the interest rate on any portion of the Term Loan, which Interest Rate Selection Notice shall specify the portion of the Term Loan which is to bear interest at the LIBOR Rate and the initial Interest Period applicable thereto. ▇▇▇▇▇▇▇ Properties may not revoke or rescind any Interest Rate Selection Notice. Unless ▇▇▇▇▇▇▇ Properties shall have otherwise notified Lender in accordance with this Section 2.06(b), upon the expiration of any Interest Period, the applicable Term LIBOR Loan shall automatically convert to a Term Prime Loan upon the expiration of such Interest Period. (c) The Company and ▇▇▇▇▇▇▇ Properties, on a combined basis, may not have outstanding and Lender shall not be obligated to make more than six (6) LIBOR Loans at any one time.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Borrowing NoticeNotice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Prime Loan, to elect that such Revolving Credit Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such Revolving Credit Loan become a Prime Loan), by giving notice of such election to Lender the Agent by 10:00 11:30 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Prime Rate, and by 10:00 11:30 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of Lender the Agent and the Banks under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Prime Loan into a LIBOR Loan. (b) If Lender the Agent does not receive a notice of election for a Revolving Credit Loan pursuant to Section 2.04(a2.05(a) above within the applicable time limits specified therein, Borrower shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.10 2.11 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Prime Loan. (c) Borrower may not have outstanding and the Banks shall not be obligated to make more than ten (10) LIBOR Loans at any one time.

Duration of Interest Periods and Selection of Interest Rates. (a) The duration of the initial Interest Period for each LIBOR Loan shall be as specified in the applicable Borrowing NoticeNotice of Borrowing. Borrower shall elect the duration of each subsequent Interest Period applicable to such LIBOR Loan and the interest rate to be applicable during such subsequent Interest Period (and Borrower shall have the option (i) in the case of any Prime Loan, to elect that such Revolving Credit Loan become a LIBOR Loan and the Interest Period to be applicable thereto, and (ii) in the case of any LIBOR Loan, to elect that such Revolving Credit Loan become a Prime Loan), by giving notice of such election to Lender by 10:00 a.m. (St. Louis time) on the Domestic Business Day of, in the case of the election of the Prime Rate, and by 10:00 a.m. (St. Louis time) at least three (3) Eurodollar Business Days before, in the case of the election of the LIBOR Rate, the end of the immediately preceding Interest Period applicable thereto, if any; provided, however, that notwithstanding the foregoing, in addition to and without limiting the rights and remedies of Lender under Section 6 hereofof this Agreement, so long as any Default or Event of Default under this Agreement has occurred and is continuing, Borrower shall not be permitted to renew any LIBOR Loan as a LIBOR Loan or to convert any Prime Loan into a LIBOR Loan. (b) . If Lender does not receive a notice of election for a Revolving Credit Loan pursuant to this Section 2.04(a) above within the applicable time limits specified thereinherein, Borrower shall be deemed to have elected to pay such Revolving Credit Loan in whole pursuant to Section 2.10 2.08 on the last day of the current Interest Period with respect thereto and to reborrow the principal amount of such Revolving Credit Loan on such date as a Prime Loan. (b) Borrower may not have outstanding and Lender shall not be obligated to make more than eight (8) LIBOR Loans at any one time.