Common use of Interest and Interest Payment Dates Clause in Contracts

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Rate, CBI shall have the option (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans or the Original Term Loans be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI no longer shall have the option to request that Revolving Loans or Original Term Loans bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Rate, CBI shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Loans or the Original Term Loans be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI no longer shall have the option to request that Revolving Loans or Original Term Loans bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon determined by reference to the Prime Base Rate, CBI Borrowers shall have the option (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans or the Original Term Loans Tranche A Advances be charged at a rate of interest based upon determined by reference to the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect have elected to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans or Original Term Loans Tranche A Advances bear interest at a rate based upon the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Tranche A Advances as Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Reference Rate, CBI Borrower shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Advances (other than the Swing Loans or and Advances under the Original Term Loans Special Subline, for which there is no LIBOR Option) be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Reference Rate Loans of the same type hereunder. At any time that an a Default or Event of Default has occurred and is continuing, CBI Borrower no longer shall have the option to request that Revolving Loans or Original Term Loans Advances bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Reference Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrowers shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Loans or the Original Term Loans Advances be charged at a rate of interest based upon the LIBOR LIBO Rate. Interest on LIBOR LIBO Rate Loans shall be payable on the earliest of (i) the last first day of the Interest Period applicable theretoeach calendar month during which any LIBO Rate Loans shall be outstanding as set forth in Section 2.6(d), (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR LIBO Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans or Original Term Loans Advances bear interest at the LIBOR LIBO Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR LIBO Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Rate, CBI Borrower shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Loans ------------ or the Original Term Loans Loan be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrower no longer shall have the option to request that Revolving Loans or Original the Term Loans Loan bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrower shall have the option (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans Advances or the Original Term Loans Loan be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) 90 days after the first day of the Interest Period applicable thereto, (iii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iiiiv) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrower no longer shall have the option to request that Revolving Loans Advances or Original the Term Loans Loan bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrowers shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Loans or the Original Term Loans Advances be charged at a rate of interest based upon the LIBOR LIBO Rate. Interest on LIBOR LIBO Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI the Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR LIBO Rate Loan automatically shall convert to (and remain outstanding as an Advance with interest thereon payable at) the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans or Original Term Loans Advances bear interest at the LIBOR LIBO Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR LIBO Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrowers shall have the option (the “"LIBOR Option”") to have interest on all or a portion of the Revolving Loans Advances or the Original Term A Loans be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable in arrears on the earliest of (i) the last first day of the Interest Period applicable theretoeach month beginning May 1, 2003, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans Advances or Original the Term A Loans bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrowers shall have the option (the “LIBOR Option”) to have interest on all or a portion of the Revolving Loans or the Original Term Loans be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect to accelerate the maturity of all the Obligations (or any portion in consequence of the Obligationsmaturity of the Obligations being automatically accelerated in accordance with the terms hereof), or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans or Original Term Loans bear interest at the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Prime Base Rate, CBI Borrowers shall have the option (the “"LIBOR Option”OPTION") to have interest on all or a portion of the Revolving Loans Advances or the Original Term Loans Loan be charged at a rate of interest based upon the LIBOR Rate. Interest on LIBOR Rate Loans shall be payable on the earliest of (i) the last day of the Interest Period applicable thereto, (ii) the occurrence of an Event of Default in consequence of which the Aggregate Required Lenders or Agent on behalf thereof elect have elected to accelerate the maturity of all or any portion of the Obligations, or (iii) termination of this Agreement pursuant to the terms hereof. On the last day of each applicable Interest Period, unless CBI Administrative Borrower properly has exercised the LIBOR Option with respect thereto, the interest rate applicable to such LIBOR Rate Loan automatically shall convert to the rate of interest then applicable to Prime Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, CBI Borrowers no longer shall have the option to request that Revolving Loans Advances or Original the Term Loans Loan bear interest at a rate based upon the LIBOR Rate and Agent shall have the right to convert the interest rate on all outstanding LIBOR Rate Loans to the rate then applicable to Prime Base Rate Loans hereunder.