Common use of Procedures at End of an Interest Period Clause in Contracts

Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then applicable Interest Period by notifying the Administrative Agent not later than 12:00 noon on a Business Day which is at least 3 Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit G), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO Rate shall be in an amount equal to $1,000,000 or a higher integral multiple of $500,000.

Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Floating Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then applicable Interest Period by notifying the Administrative Agent not later than 12:00 noon on a Business Day which is at least 3 Business Days prior to the first day of the new Interest Period. Each such notice shall be irrevocable, effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit G), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO Rate shall be in an amount equal to $1,000,000 2,000,000 or a higher integral multiple of $500,0001,000,000.

Procedures at End of an Interest Period. Unless the Borrower requests Borrowers request a new LIBOR Loan Rate Advance in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Loan Rate Advance at the expiration of an Interest Period, each Lender Bank shall automatically and without request of the Borrower Borrowers convert each LIBOR Loan Rate Advance to a Base Rate Loan Advance on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower Borrowers may cause all or any part of any outstanding LIBOR Loan Rate Advance to continue to bear interest at a LIBO LIBOR Rate after the end of the then applicable Interest Period by notifying submitting a Notice of Borrowing, Conversion or Continuation to the Administrative Agent not later than 12:00 noon noon, Minneapolis, Minnesota time, on a Business Day which is at least 3 three (3) Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative AgentNotice of Borrowing, Conversion or Continuation shall be in writing or by telephone or telecopy transmission, if by telephone to include all information on a Notice of Borrowing, Conversion or Continuation and to be confirmed in writing by the Borrower a Notice of Borrowing, Conversion or Continuation if so requested by the Administrative Agent (in the form of Exhibit G)Agent, and shall specify be irrevocable, effective when received by the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the Interest Period thereforAgent. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO LIBOR Rate Advance shall be in an amount equal to $1,000,000 2,000,000 or a higher integral multiple of $500,000.

Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth belowin this Section, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall exist, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at a LIBO Rate after the end of the then then-applicable Interest Period by notifying the Administrative Agent not later than 12:00 noon 11:00 a.m. on a Business Day which that is at least 3 Business Days prior to the first day of the new Interest Period. Each such notice shall be effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit GK), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the new Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each Loan bearing a new LIBO Rate shall be in an amount equal to $1,000,000 5,000,000 or a higher integral multiple of $500,0001,000,000.

Procedures at End of an Interest Period. Unless the Borrower requests a new LIBOR Loan in accordance with the procedures set forth below, or prepays the principal of an outstanding LIBOR Loan at the expiration of an Interest Period, each Lender shall automatically and without request of the Borrower convert each LIBOR Loan to a Base Rate an ABR Loan on the last day of the relevant Interest Period. So long as no Default or Event of Default shall existexists, the Borrower may cause all or any part of any outstanding LIBOR Loan to continue to bear interest at as a LIBO Rate LIBOR Loan after the end of the then applicable Interest Period by notifying the Administrative Agent not later than 12:00 noon on a Business Day which that is at least 3 1 Business Days Day prior to the first day of the new Interest Period. Each such notice shall be irrevocable, effective when received by the Administrative Agent, shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit GE), and shall specify the first day of the applicable Interest Period, the amount of the expiring LIBOR Loan to be continued and the Interest Period therefor. Each new Interest Period shall begin on a Business Day and the amount of each LIBOR Loan bearing a new LIBO Rate shall be in an amount equal to $1,000,000 500,000 or a higher integral multiple of $500,000100,000.