Continuation and/or Conversion of Loans. The Borrower may elect to (i) continue any outstanding Eurodollar Loan from the current Interest Period for such Loan into a subsequent Interest Period to begin on the day following last day of such current Interest Period, or (ii) convert any outstanding Alternate Reference Rate Loan into a Eurodollar Loan, or (iii) convert any outstanding Eurodollar Loan into an Alternate Reference Rate Loan on the last day of the current Interest Period for such Eurodollar Loan, in each case by giving the Bank prior written or telephonic notice of such continuation or conversion, which shall be received by the Bank not later than (x) 10:00 am., Chicago time, two Banking Days prior to the effective date of any continuation or conversion which results in a new or continued Eurodollar Loan, at or (y) 10:00 a.m., Chicago time, of the date of continuation or conversion which results in a new Alternate Reference Rate Loan. Each such notice shall specify (a) the effective date of continuation or conversion (which shall be a Banking Day), (b) the type of Loan that the Loan is to be continued as or converted into and the amount of such Loan, and (c) the Interest Period for such Loan, if applicable. The Borrower shall promptly confirm each such telephonic notice in writing. Absent timely notice of continuation or conversion, each Eurodollar Loan shall automatically convert into an Alternate Reference Rate Loan on the last day of the current Interest Period for such Loan unless paid in full on such last day. At any time that an Event of Default or an Unmatured Event of Default shall exist, then any Loans may be converted or continued only as Alternate Reference Rate Loans.
Continuation and/or Conversion of Loans. The Company may elect (i) to continue any outstanding Eurodollar Loan from the current Interest Period of such Loan into a subsequent Interest Period to begin on the last day of such current Interest Period, or (ii) to convert any outstanding Reference Rate Loan into a Eurodollar Loan or, on the last day of the current Interest Period, to convert one type of Loan into another, in each case by giving at least three (3) Banking Days' prior telephonic notice not later than 10:00 a.m., Houston time, on the date of such notice (promptly confirmed in writing in the form of Exhibit L hereto) to the Agent (which shall promptly advise each Bank thereof) of such continuation or conversion, specifying the date, amount and the Interest Period, if applicable. Absent notice of continuation or conversion, each Eurodollar Loan shall automatically convert into a Reference Rate Loan on the last day of the current Interest Period for such Loan, unless paid in full on such last day. No Loan shall be converted into a Eurodollar Loan and no Eurodollar Loan shall be continued less than thirty days before the Termination Date or at any time that an Event of Default or an Unmatured Event of Default exists.
Continuation and/or Conversion of Loans. A Fund or Portfolio may elect to continue an outstanding Eurodollar Loan into a subsequent Interest Period to begin on the day following the last day of such current Interest Period or convert a Eurodollar Loan into a Federal Funds Rate Loan by giving the Operations Agent prior written or telephonic notice of such continuation or conversion, which shall be received by the Operations Agent not later than 12:00 noon, Eastern time, three (3) Banking Days prior to the effective date of any continuation or conversion which results in a Eurodollar Loan or 12:00 noon, Eastern time, on the date of conversion with respect to such Loan that is to be continued as a Federal Funds Rate Loan; provided that no Loan (which, for the avoidance of doubt, shall include any Loan proposed to be converted to a Loan of another type) shall be outstanding for a period of more than twenty-one (21) days; and provided, further, that there shall be no more than three Interest Periods in respect of any Eurodollar Loan. Each such notice shall specify (a) the effective date of continuation or conversion (which shall be a Banking Day), (b) the amount of such Loan, and (c) the Interest Period for such Loan. The Fund or Portfolio making such an election shall promptly confirm each such telephonic notice in writing by providing the Operations Agent a new Borrowing Certificate signed by the relevant Fund's or Portfolio's Treasurer or Assistant Treasurer or a designated officer of the Adviser, on behalf of such Fund or Portfolio. Absent timely notice of continuation or conversion, each Eurodollar Loan shall automatically convert into a Federal Funds Rate Loan on the last day of the current Interest Period for such Loan unless paid in full on such last day. At any time that an Event of Default or an Unmatured Event of Default shall exist, any Loans may be converted or continued only as Federal Funds Rate Loans. The Operations Agent will promptly notify each Bank of its receipt of a request to convert or continue a Loan. All conversions and continuations shall be made ratably according to the respective outstanding principal amounts of the Loans with respect to which the notice was given held by each Bank.
Continuation and/or Conversion of Loans. The Lead Borrower may elect (i) to continue any outstanding Term SOFR Loan from the current Interest Period of such Loan into a subsequent Interest Period to begin on the last day of such current Interest Period, or (ii) to convert any outstanding Alternate Base Rate Loan into a Term SOFR Loan or, on the last day of the Interest Period with respect thereto, a Term SOFR Loan into an Alternate Base Rate Loan, by giving the Administrative Agent a notice in the form required by Section 2.4. Absent notice of continuation or conversion, each Term SOFR Loan shall automatically convert into an Alternate Base Rate Loan on the last day of the current Interest Period for such Term SOFR Loan, unless paid in full on such last day. Each conversion or continuation of Term SOFR Loans shall be pro-rated among the applicable outstanding Loans of all Lenders. No portion of the outstanding principal of any Loans shall be converted into Term SOFR Loans and no Term SOFR Loans shall be continued into a subsequent Interest Period, less than two weeks before the scheduled Termination Date or at any time that an Event of Default or Unmatured Event of Default shall exist. After giving effect to all Borrowings, conversions, and continuations of Loans, there shall not be more than ten (10) Interest Periods in effect with respect to Loans. 2.6
Continuation and/or Conversion of Loans. (a) The Borrower may, upon irrevocable written or telephonic (promptly confirmed in writing) notice delivered to the Agent:
Continuation and/or Conversion of Loans. The Lead Borrower may elect (i) to continue any outstanding Eurodollar Rate Loan from the current Interest Period of such Loan into a subsequent Interest Period to begin on the last day of such current Interest Period, or (ii) to
Continuation and/or Conversion of Loans. (a) The Company may, upon irrevocable written or telephonic (promptly confirmed in writing) notice delivered to the Agent:
Continuation and/or Conversion of Loans. Each Borrower may elect (i) to continue any outstanding Eurodollar Rate Loan from the current Interest Period of such Loan into a subsequent Interest Period to begin on the last day of such current Interest Period, or (ii) to convert any outstanding Alternate Base Rate Loan into a Eurodollar Rate Loan or, on the last day of the Interest Period with respect thereto, a Eurodollar Rate Loan into an Alternate Base Rate Loan, by giving the Administrative Agent a notice in the form required by Section 2.4. Absent notice of continuation or conversion, each Eurodollar Rate Loan shall automatically convert into an Alternate Base Rate Loan on the last day of the current Interest Period for such Eurodollar Rate Loan, unless paid in full on such last day. Each conversion or continuation of Eurodollar Rate Loans shall be pro-rated among the applicable outstanding Loans of all Lenders. No portion of the outstanding principal of any Loans shall be converted into Eurodollar Rate Loans and no Eurodollar Rate Loans shall be continued into a subsequent Interest Period, less than two weeks before the scheduled Termination Date or at any time that a TCIL Event of Default or Unmatured TCIL Event of Default or a TALICC Event of Default or Unmatured TALICC Event of Default, as applicable, shall exist.
Continuation and/or Conversion of Loans. A Fund or Portfolio may elect to continue an outstanding Eurodollar Loan into a subsequent Interest Period to begin on the day following the last day of such current Interest Period or convert a Eurodollar Loan into a Federal Funds Rate Loan by giving the Agent prior written or telephonic notice of such continuation or conversion, which shall be received by the Agent not later than 11:00 a.m., Chicago time, three (3) Banking Days prior to the effective date of any continuation or conversion which results in a Eurodollar Loan or 11:00 a.m., Chicago time, on the date of conversion with respect to such Loan that is to be continued as a Federal Funds Rate Loan; PROVIDED that no Loan shall be outstanding for a period of more than twenty-one (21) days and PROVIDED FURTHER, that there shall be no more than three Interest Periods in respect of a Loan. Each such notice shall specify (a) the effective date of continuation or conversion (which shall be a Banking Day), (b) the amount of such Loan, and (c) the Interest Period for such Loan. The Fund or Portfolio making such an election shall promptly confirm each such telephonic notice in writing by providing the Agent a new Borrowing Certificate signed by the relevant Fund's or Portfolio's Treasurer or Assistant Treasurer or a designated officer of the Adviser, on behalf of such Fund or
Continuation and/or Conversion of Loans. The Company may elect (i) to continue any outstanding Eurodollar Loan from the current Interest Period into a subsequent Interest Period to begin on the last day of that current Interest Period, or (ii) subject to the limitations of Section 2.8 hereof to convert any portion of a Eurodollar Loan, Prime Loan or a Federal Funds Loan from a Loan of one type into a Loan of another type, by giving at least three (3) Banking Days' prior telephonic notice (promptly confirmed in writing) to the Bank of such continuation or conversion, specifying the date, amount and, for each Eurodollar Loan, the Interest Period. Absent notice of continuation or conversion, each Loan shall automatically continue as a Loan of the current type, in the same amount and the same Interest Period on the last day of the current Interest Period for that Loan. No portion of the Loan shall be converted to another type of Loan at any time that an Event of Default or an Unmatured Event of Default shall exist.
