Common use of LIBOR Portions Clause in Contracts

LIBOR Portions. Each LIBOR Portion shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum equal to the Adjusted LIBOR Rate for such Interest Period plus the Applicable Margin. Interest on each LIBOR Portion shall be due and payable on the last day of each Interest Period applicable thereto and, if an Interest Period is longer than three (3) months, then at the end of each three month period and at the end of such Interest Period, and interest after maturity shall be due and payable upon demand. The Company shall give written or telephonic notice to the Administrative Agent (which notice shall be irrevocable once given and, if given by telephone, shall be promptly confirmed in writing) on or before 11:00 a.m. (Chicago time) on the third Business Day preceding the end of an Interest Period applicable to a LIBOR Portion whether such LIBOR Portion is to continue as a LIBOR Portion, in which event the Company shall notify the Administrative Agent of the new Interest Period selected therefor, and in the event the Company shall fail to so notify the Administrative Agent, such LIBOR Portion shall automatically be converted into and added to the applicable Base Rate Portion as of and on the last day of such Interest Period. The Administrative Agent shall promptly notify each relevant Lender of each notice received from the Company pursuant to the foregoing provisions. Anything contained herein to the contrary notwithstanding, the obligation of the Lenders to create or continue any LIBOR Portion or to convert any part of the Base Rate Portion into a LIBOR Portion shall be suspended if a Default or Event of Default shall have occurred and be continuing.

LIBOR Portions. Each LIBOR Portion shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum equal to the Adjusted LIBOR Rate for such Interest Period plus the Applicable Margin. Interest on each LIBOR Portion shall be due and payable on the last day of each Interest Period applicable thereto and, if an Interest Period is longer than three (3) months, then at the end of each three month (3)-month period and at the end of such Interest Period, and interest after maturity shall be due and payable upon demand. The Company shall give written or telephonic notice to the Administrative Agent (which notice shall be irrevocable once given and, if given by telephone, shall be promptly confirmed in writing) on or before 11:00 a.m. 12:00 noon (Chicago time) on the third Business Day preceding the end of an Interest Period applicable to a LIBOR Portion whether such LIBOR Portion is to continue as a LIBOR Portion, in which event the Company shall notify the Administrative Agent of the new Interest Period selected therefor, and in the event the Company shall fail to so notify the Administrative Agent, such LIBOR Portion shall automatically be converted into and added to the applicable Base Rate Portion as of and on the last day of such Interest Period. The Administrative Agent shall promptly notify each relevant Lender of each notice received from the Company pursuant to the foregoing provisions. Anything contained herein to the contrary notwithstanding, the obligation of the Lenders to create or continue any LIBOR Portion or to convert any part of the Base Rate Portion into a LIBOR Portion shall be suspended if a conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing, except that during the existence of a Default (but not an Event of Default) the Company may request the continuation of any LIBOR Portion into another LIBOR Portion with an Interest Period not in excess of one (1) month.

LIBOR Portions. Each LIBOR Portion shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum equal to the Adjusted LIBOR Rate for such Interest Period plus the Applicable Margin. Interest on each LIBOR Portion shall be due and payable on the last day of each Interest Period applicable thereto and, if an Interest Period is longer than three (3) months, then at the end of each three (3) month period and at the end of such Interest Period, and interest after maturity shall be due and payable upon demand. The Company shall give written or telephonic notice to the Administrative Agent (which notice shall be irrevocable once given and, if given by telephone, shall be promptly confirmed in writing) on or before 11:00 a.m. 12:00 noon (Chicago time) on the third Business Day preceding the end of an Interest Period applicable to a LIBOR Portion whether such LIBOR Portion is to continue as a LIBOR Portion, in which event the Company shall notify the Administrative Agent of the new Interest Period selected therefor, and in the event the Company shall fail to so notify the Administrative Agent, such LIBOR Portion shall automatically be converted into and added to the applicable Base Rate Portion as of and on the last day of such Interest Period. The Administrative Agent shall promptly notify each relevant Lender of each notice received from the Company pursuant to the foregoing provisions. Anything contained herein to the contrary notwithstanding, the obligation of the Lenders to create or continue any LIBOR Portion or to convert any part of the Base Rate Portion into a LIBOR Portion shall be suspended if a conditioned upon the fact that at the time no Default or Event of Default shall have occurred and be continuing, except that during the existence of a Default (but not an Event of Default) the Company may request the continuation of any LIBOR Portion into another LIBOR Portion with an Interest Period not in excess of one (1) month.

LIBOR Portions. Each LIBOR Portion shall bear interest (which the Company promises to pay at the times herein provided) for each Interest Period selected therefor at a rate per annum equal determined by adding the Applicable Margin to the Adjusted LIBOR Rate for such Interest Period plus the Applicable MarginPeriod, provided that if any LIBOR Portion is not paid when due (whether by lapse of time, acceleration or otherwise) such Portion shall bear interest, whether before or after judgment, until payment in full thereof as set forth in subsection (d) below. Interest on each LIBOR Portion shall be due and payable on the last day of each Interest Period applicable thereto and, if an with respect to any Interest Period is longer than three applicable to a LIBOR Portion in excess of one (31) monthsmonth, then at on the end last day of each three calendar month period during such Interest Period and at the end of such Interest Period, and interest after maturity (whether by lapse of time, acceleration or otherwise) shall be due and payable upon demand. The Company shall give written or telephonic notice to notify the Administrative Agent (which notice shall be irrevocable once given and, if given by telephone, shall be promptly confirmed in writing) on or before 11:00 a.m. (Chicago time) on the third Business Day preceding the end of an Interest Period applicable to a LIBOR Portion whether such LIBOR Portion is to continue as a LIBOR Portion, in which event the Company shall notify the Administrative Agent of the new Interest Period selected therefor, and in the event the Company shall fail to so notify the Administrative Agent, such LIBOR Portion shall automatically be converted into and added to the applicable Base Domestic Rate Portion as of and on the last day of such Interest Period. The Administrative Agent shall promptly notify each relevant Lender of each notice received from the Company pursuant to the foregoing provisions. Anything contained herein to the contrary notwithstanding, the obligation of the Lenders to create or continue any LIBOR Portion or to convert any part of the Base Rate Portion into a LIBOR Portion shall be suspended if a Default or Event of Default shall have occurred and be continuingprovision.