Document ID: 16331

Text:
(b)Each Committed Borrowing, each Conversion of Committed Loans from one Type to the other, and each continuation of LIBOR Rate Loans shall be made upon the Lead Borrowers irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. (i) three (3) Business Days prior to the requested date of any Borrowing of, Conversion to or continuation of LIBOR Rate Loans or of any Conversion of LIBOR Rate Loans to Base Rate Loans, and (ii) one Business Day prior to the requested date of any Borrowing of Base Rate Loans; provided, however, that if the Lead Borrower wishes to request LIBOR Rate Loans having an Interest Period of twelve months in duration as provided in the definition of Interest Period, the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 11:00 a.m., three Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Lead Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each telephonic notice by the Lead Borrower pursuant to this Section 2.02(b) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower. Each Borrowing of, Conversion to or continuation of LIBOR Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or Conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Lead Borrower is requesting a Committed Borrowing, a Conversion of Committed Loans from one Type to the other, or a continuation of LIBOR Rate Loans, (ii) the requested date of the Borrowing, Conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, Converted or continued, (iv) the Class and Type of Committed Loans to be borrowed or to which existing Committed Loans are to be Converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If the Lead Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice or if the Lead Borrower fails to give a timely notice requesting a Conversion or continuation, then the applicable Committed Loans shall be made as, or Converted to, Base Rate Loans. Any such automatic Conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable LIBOR Rate Loans. If the Lead Borrower requests a Borrowing of, Conversion to, or continuation of LIBOR Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swing Line Loan may not be Converted to a LIBOR Rate Loan.

Named Entities:
323
324
Role
349
354
Principal
360
363
Principal
412
415
Principal

Tokenized Text:
(
b
)
Each
Committed
Borrowing
,
each
Conversion
of
Committed
Loans
from
one
Type
to
the
other
,
and
each
continuation
of
LIBOR
Rate
Loans
shall
be
made
upon
the
Lead
Borrowers
irrevocable
notice
to
the
Administrative
Agent
,
which
may
be
given
by
telephone
.
Each
such
notice
must
be
received
by
the
Administrative
Agent
not
later
than
12
:
00
p
.
m
.
(
i
)
three
(
3
)
Business
Days
prior
to
the
requested
date
of
any
Borrowing
of
,
Conversion
to
or
continuation
of
LIBOR
Rate
Loans
or
of
any
Conversion
of
LIBOR
Rate
Loans
to
Base
Rate
Loans
,
and
(
ii
)
one
Business
Day
prior
to
the
requested
date
of
any
Borrowing
of
Base
Rate
Loans
;
provided
,
however
,
that
if
the
Lead
Borrower
wishes
to
request
LIBOR
Rate
Loans
having
an
Interest
Period
of
twelve
months
in
duration
as
provided
in
the
definition
of
Interest
Period
,
the
applicable
notice
must
be
received
by
the
Administrative
Agent
not
later
than
11
:
00
a
.
m
.
four
Business
Days
prior
to
the
requested
date
of
such
Borrowing
,
conversion
or
continuation
,
whereupon
the
Administrative
Agent
shall
give
prompt
notice
to
the
Appropriate
Lenders
of
such
request
and
determine
whether
the
requested
Interest
Period
is
acceptable
to
all
of
them
.
Not
later
than
11
:
00
a
.
m
.
,
three
Business
Days
before
the
requested
date
of
such
Borrowing
,
conversion
or
continuation
,
the
Administrative
Agent
shall
notify
the
Lead
Borrower
(
which
notice
may
be
by
telephone
)
whether
or
not
the
requested
Interest
Period
has
been
consented
to
by
all
the
Lenders
.
Each
telephonic
notice
by
the
Lead
Borrower
pursuant
to
this
Section
2
.
02
(
b
)
must
be
confirmed
promptly
by
delivery
to
the
Administrative
Agent
of
a
written
Committed
Loan
Notice
,
appropriately
completed
and
signed
by
a
Responsible
Officer
of
the
Lead
Borrower
.
Each
Borrowing
of
,
Conversion
to
or
continuation
of
LIBOR
Rate
Loans
shall
be
in
a
principal
amount
of
$
1
,
000
,
000
or
a
whole
multiple
of
$
500
,
000
in
excess
thereof
.
Except
as
provided
in
Sections
2
.
03
(
c
)
and
2
.
04
(
c
)
,
each
Borrowing
of
or
Conversion
to
Base
Rate
Loans
shall
be
in
a
principal
amount
of
$
500
,
000
or
a
whole
multiple
of
$
100
,
000
in
excess
thereof
.
Each
Committed
Loan
Notice
(
whether
telephonic
or
written
)
shall
specify
(
i
)
whether
the
Lead
Borrower
is
requesting
a
Committed
Borrowing
,
a
Conversion
of
Committed
Loans
from
one
Type
to
the
other
,
or
a
continuation
of
LIBOR
Rate
Loans
,
(
ii
)
the
requested
date
of
the
Borrowing
,
Conversion
or
continuation
,
as
the
case
may
be
(
which
shall
be
a
Business
Day
)
,
(
iii
)
the
principal
amount
of
Committed
Loans
to
be
borrowed
,
Converted
or
continued
,
(
iv
)
the
Class
and
Type
of
Committed
Loans
to
be
borrowed
or
to
which
existing
Committed
Loans
are
to
be
Converted
,
and
(
v
)
if
applicable
,
the
duration
of
the
Interest
Period
with
respect
thereto
.
If
the
Lead
Borrower
fails
to
specify
a
Type
of
Committed
Loan
in
a
Committed
Loan
Notice
or
if
the
Lead
Borrower
fails
to
give
a
timely
notice
requesting
a
Conversion
or
continuation
,
then
the
applicable
Committed
Loans
shall
be
made
as
,
or
Converted
to
,
Base
Rate
Loans
.
Any
such
automatic
Conversion
to
Base
Rate
Loans
shall
be
effective
as
of
the
last
day
of
the
Interest
Period
then
in
effect
with
respect
to
the
applicable
LIBOR
Rate
Loans
.
If
the
Lead
Borrower
requests
a
Borrowing
of
,
Conversion
to
,
or
continuation
of
LIBOR
Rate
Loans
in
any
such
Committed
Loan
Notice
,
but
fails
to
specify
an
Interest
Period
,
it
will
be
deemed
to
have
specified
an
Interest
Period
of
one
month
.
Notwithstanding
anything
to
the
contrary
herein
,
a
Swing
Line
Loan
may
not
be
Converted
to
a
LIBOR
Rate
Loan
.