Continuations and Conversions of Loans. The Borrower may make the following elections with respect to Loans already outstanding: to Convert, in whole or in part, ABR Loans to Eurodollar Loans; to Convert, in whole or in part, Eurodollar Loans to ABR Loans on the last day of the Interest Period applicable thereto; and to Continue, in whole or in part, Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made pursuant to one Borrowing into separate new Borrowings, provided that the Borrower may have no more than eight (8) Borrowings of Eurodollar Loans outstanding at any time; provided further that any Borrowing shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must:
Continuations and Conversions of Loans. (a) Except as otherwise provided herein, each Eurocurrency Rate Loan may be continued only on the last day of the Interest Period for such Eurocurrency Rate Loan. During the existence of a Default, no Loans may be continued as Eurocurrency Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency Rate Loans be converted immediately to Base Rate Loans.
Continuations and Conversions of Loans. (a) [Reserved].
Continuations and Conversions of Loans. Prior to the 60th day following the Closing Date, the Borrower may make the following elections with respect to Loans already outstanding: to Convert, in whole or in part, ABR Loans to Eurodollar Loans; to Convert, in whole or in part, Eurodollar Loans to ABR Loans on the last day of the Interest Period applicable thereto; and to Continue, in whole or in part, Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made pursuant to one Borrowing into separate new Borrowings. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must:
Continuations and Conversions of Loans. Subject to the provisions of this Agreement, prior to the Maturity Date, Borrower may make the following elections with respect to Loans outstanding: (A) convert Base Rate Loans to Eurodollar Loans, (B) convert Eurodollar Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and (C) to continue Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration; provided, that Borrower may not have outstanding at any time Eurodollar Loans containing more than five different Interest Periods. To make any such election, Borrower must give to Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans for each Loan converted or continued. Each such notice constitutes a “Continuation/Conversion Notice” hereunder and must:
Continuations and Conversions of Loans. Borrower may make the following elections with respect to outstanding Loans: to convert Base Rate Loans to LIBOR Loans, to convert LIBOR Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and to continue LIBOR Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made pursuant to one Borrowing into separate new Borrowings, provided that Borrower may have no more than six Borrowings of LIBOR Loans outstanding at any time. To make any such election, Borrower must give to Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice constitutes a "Continuation/Conversion Notice" hereunder and must:
Continuations and Conversions of Loans. The Borrower may make the following elections with respect to Loans already outstanding: to Convert, in whole or in part, Base Rate Loans to Eurodollar Loans, to Convert, in whole or in part, Eurodollar Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and to Continue, in whole or in part, Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Loans made pursuant to one Borrowing into separate new Borrowings, provided, that (i) the Borrower may have no more than twelve (12) Borrowings of Eurodollar Loans outstanding at any time, (ii) the aggregate amount of all Base Rate Loans in any Borrowing must be equal to $1,000,000 or any higher integral multiple of $500,000, and (iii) the aggregate amount of all Eurodollar Loans in any Borrowing must be equal to $5,000,000 or any higher integral multiple of $1,000,000. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must:
Continuations and Conversions of Loans. Except as otherwise provided herein, a Term SOFR Loan or an Alternative Currency Term Rate Loan may be continued or converted only on the last day of an Interest Period for such Loan. During the existence of an Event of Default or Default under Sections 11.01 or 10.01(h), no Loans may be requested as, converted to or continued as Term SOFR Loans, Alternative Currency Term Rate Loans or Daily XXXXX Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto or otherwise on demand. Any Term SOFR Loan or Alternative Currency Term Rate Loan shall automatically continue as a Term SOFR Loans or Alternative Currency Term Rate Loan, as applicable, without any further action of any Borrower Party.
Continuations and Conversions of Loans. Except as otherwise provided herein, a EurodollarTerm SOFR Loan or an Alternative Currency Term Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of an Event of Default or Default under Sections 11.01 or 10.01(h), no Loans may be requested as, converted to or continued as EurodollarTerm SOFR Loans, Alternative Currency Term Rate Loans or Daily XXXXX Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto or otherwise on demand. Any EurodollarTerm SOFR Loan or Alternative Currency Term Rate Loan shall automatically continue as a EurodollarTerm SOFR Loans or Alternative Currency Term Rate Loan, as applicable, without any further action of any Borrower Party.
Continuations and Conversions of Loans. Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of an Event of Default or Default under Sections 10.01(a)11.01 or 10.01(h), no Base Rate Loans or Eurodollar Rate Loans may be requested as, converted to or continued as Eurodollar Rate Loans (whether in Dollars or an Alternative Currency)or Daily SXXXX Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the then outstanding Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, and if a mandatory prepayment results therefrom, be prepaid in such amount, on the last day of the then current Interest Period with respect thereto or otherwise on demand. Any Eurodollar Rate Loan shall automatically continue as a Eurodollar Rate Loan without any further action of any Borrower Party.
