Common use of Manner of Borrowing and Disbursement Clause in Contracts

Manner of Borrowing and Disbursement. (a) Choice of Interest Rate, Etc. Any Advance shall, at the option of ---------------------------- the Borrower, be made as a Base Rate Advance or a LIBOR Advance; provided, -------- however, that at such time as there shall have occurred and be continuing a ------- Default hereunder, the Borrower shall not have the right to receive a LIBOR Advance, convert an Advance to a LIBOR Advance or continue an existing LIBOR Advance at the end of its Interest Period. Any notice given to the Administrative Agent in connection with a requested Advance hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York time) in order for such Business Day to count toward the minimum number of Business Days required.

Manner of Borrowing and Disbursement. (a) Choice of Interest Rate, Etc. Any Advance hereunder shall, at the ----------------------------- option of ---------------------------- the requesting Borrower, be made as a Base Rate Advance or a LIBOR Advance; provided, -------- however, that at such time as there shall have occurred and -------- ------- be continuing a ------- Default hereunder, none of the Borrower Borrowers shall not have the right to receive or Continue a LIBOR Advance, convert an Advance or to Convert a Base Rate Advance to a LIBOR Advance or continue an existing LIBOR Advance at the end of its Interest PeriodAdvance. Any notice given to the Administrative Agent in connection with a requested Advance hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.