Common use of Continuation and/or Conversion of Loans Clause in Contracts

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 Borrower Company may irrevocably 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 Floating Rate Loan into a Eurodollar Loan, or (iii) convert any outstanding Eurodollar Loan into an Alternate Reference a Floating Rate Loan on the last day of the current Interest Period for such Eurodollar Loan, in each case by giving the Bank Agent prior written or telephonic notice of such continuation or conversion; provided, which however, that each such conversion or continuation shall be prorated among the applicable outstanding Loans of all Banks. Each notice of a conversion into a Floating Rate Loan shall be received by the Bank Agent not later than 11:00 a.m. (x) 10:00 am., Chicago time) on the effective date of such conversion and each notice of a conversion into, two or continuation of, a Eurodollar Loan shall be received by the Agent not later than 11:30 a.m. (Chicago time) at least three Banking Days prior to the effective date of any such 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 Loanconversion. 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 Company 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 shall, on the last day of the current Interest Period for such Loan unless paid in full on such last day, convert into a Floating Rate Loan. At No Loan shall be converted into a Eurodollar Loan and no Eurodollar Loan shall be continued 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 Borrower Company 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 a Reference Rate Loan on the last day of the current Interest Period for such Eurodollar Loan, in each case Loan 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.11:00 a.m., 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 Loanconversion. 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 or maturity date for such Loan, if applicable. The Borrower Company 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 a Reference Rate Loan on the last day of the current Interest Period for such Loan unless paid in full on such last day. At No Loan shall be converted into a Eurodollar Loan and no Eurodollar Loan shall be continued less than one month before the Termination Date or 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 Borrower may elect to (i) continue any outstanding Eurodollar Loan borrowed by it from the current Interest Period for such Loan into a subsequent LIBOR Interest Period to begin on the day following last day of such current LIBOR Interest Period, or (ii) convert any outstanding Alternate Reference Rate Domestic Loan borrowed by it into a Eurodollar Loan, Loan or (iii) convert any outstanding Eurodollar Loan borrowed by it into an Alternate Reference Rate a Loan of another type 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 Lender the Notice of Borrowing required under Section 201 (as if 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 Loanwere an original Borrowing). Each such notice Notice shall specify (a) the effective date of continuation or conversion (which shall be a Banking Business Day), (b) the type of Loan that the Loan is to be continued or as or converted into and the amount of such Loan, 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 a Domestic Loan on the last day of the current Interest Period for such Loan unless paid in full on such last day. At No Loan shall be converted into a Eurodollar Loan and no Eurodollar Loan shall be continued (x) at any time that an Event of Default or an Unmatured unmatured Event of Default shall exist, then or (y) less than thirty (30) days before the Line of Credit Commitment Expiration Date or the Term Loan Maturity Date, as applicable. Borrower shall promptly confirm any Loans may be converted telephonic notice of continuation or continued only as Alternate Reference Rate Loansconversion in writing.