Common use of Continuations and Conversions Clause in Contracts

Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Loan. During the existence of an Event of Default described in subsection 9(a) or 9(f), no Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) without the consent of the Required Revolving Lenders, in the case of a Revolving Credit Loan, or the Required Term A Lenders, in the case of a Term A Loan, and the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto. During the existence of an Event of Default, other than those Events of Default described in subsection 9(a) or 9(f), (i) the Required Revolving Lenders, in the case of a Revolving Credit Loan, may require that no Revolving Credit Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) without the consent of the Required Revolving Lenders, (ii) the Required Term A Lenders, in the case of a Term A Loan, may require that no Term A Loans may be converted to or continued as Eurocurrency Loans without the consent of the Required Term A Lenders, and (iii) the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto.

Continuations and Conversions. Except Subject to the terms below, the Borrower shall have the option, on any Business Day, to continue existing Eurodollar Loans for a subsequent Interest Period, to convert Base Rate Loans into Eurodollar Loans or to convert Eurodollar Loans into Base Rate Loans. By no later than 11:00 a.m. (a) on the date of the requested conversion of a Eurodollar Loan to a Base Rate Loan, (b) three Business Days prior to the date of the requested continuation of a Eurodollar Loan denominated in Dollars or conversion of a Base Rate Loan to a Eurodollar Loan denominated in Dollars or (c) four Business Days prior to the requested date of any borrowing or continuation of Eurodollar Loans denominated in Alternative Currencies, the Borrower shall provide telephonic notice to the Administrative Agent, followed promptly by a written Notice of Continuation/Conversion, in the form of Exhibit 2.4 setting forth (i) whether the Borrower wishes to continue or convert such Loans and (ii) if the request is to continue a Eurodollar Loan or convert a Base Rate Loan to a Eurodollar Loan, the Interest Period applicable thereto; provided, however, that in the case of a failure to timely request a continuation of Loans denominated in an Alternative Currency, such Loans shall be continued as otherwise Eurodollar Loans in their original currency with an Interest Period of one month. Notwithstanding anything herein to the contrary, (A) except as provided hereinin Section 3.11, a Eurocurrency Loan Eurodollar Loans may only be continued or converted only into Base Rate Loans on the last day of an the Interest Period for such Eurocurrency Loan. During applicable thereto, (B) Eurodollar Loans may not be continued nor may Base Rate Loans be converted into Eurodollar Loans during the existence and continuation of a Default or an Event of Default described in subsection 9(a) or 9(f), no Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) without the consent of the Required Revolving Lenders, in the case of a Revolving Credit Loan, or the Required Term A Lenders, in the case of a Term A Loan, and the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Eurodollar Loans denominated in an Alternative Currency be redenominated into Dollars in the amount of the Dollar Equivalent thereof, thereof on the last day of the then current Interest Period with respect thereto. During ) and (C) any request to continue a Eurodollar Loan that fails to comply with the existence terms hereof or any failure to request a continuation of a Eurodollar Loan at the end of an Event of Default, other than those Events of Default described in subsection 9(a) or 9(f), (i) the Required Revolving Lenders, in the case of Interest Period shall constitute a Revolving Credit Loan, may require that no Revolving Credit Loans may be requested as, converted conversion to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) without the consent of the Required Revolving Lenders, (ii) the Required Term A Lenders, in the case of a Term A Loan, may require that no Term A Loans may be converted to or continued as Eurocurrency Loans without the consent of the Required Term A Lenders, and (iii) the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency be redenominated into Dollars in the amount of the Dollar Equivalent thereof, Base Rate Loan on the last day of the then current applicable Interest Period with respect theretoPeriod. No Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be prepaid in the original currency of such Loan and reborrowed in the other currency.

Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Loan. During the existence of an Event of Default described in subsection 9(a) or 9(f), no Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) or XXXXX Daily Rate Loans without the consent of the Required Revolving Lenders, in the case of a Revolving Credit Loan, or the Required Term A A-1 Lenders, in the case of a Term A Loan, A-1 Loan and the Required Revolving Lenders may demand that (x) any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect theretothereto or (y) any or all of the then outstanding Revolving Credit Loans which are XXXXX Daily Rate Loans immediately be redenominated into Dollars in the amount of the Dollar Equivalent thereof. During the existence of an Event of Default, other than those Events of Default described in subsection 9(a) or 9(f), (i) the Required Revolving Lenders, in the case of a Revolving Credit Loan, may require that no Revolving Credit Loans may be requested as, converted to or continued as Eurocurrency Loans (whether in Dollars or any Alternative Currency) or XXXXX Daily Rate Loans without the consent of the Required Revolving Lenders, (ii) the Required Term A A-1 Lenders, in the case of a Term A A-1 Loan, may require that no Term A A-1 Loans may be converted to or continued as Eurocurrency Loans without the consent of the Required Term A A-1 Lenders, and (iii) the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency or any XXXXX Daily Rate Loans be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect theretothereto (or, with respect to XXXXX Daily Rate Loans, immediately).

Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Term SOFR Loan or Alternative Currency Term Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Loan. During the existence of an Event of Default described in subsection 9(a) or 9(f)a Specified Default, no Loans may be requested as, converted to or continued as Eurocurrency Term SOFR Loans, SOFR Daily Floating Rate Loans (whether in Dollars or any Alternative Currency) Currency Loans without the consent of the Required Revolving Lenders, in the case of a Revolving Credit Loan, or the Required Term A A-1 Lenders, in the case of a Term A A-1 Loan, the Required Term A-3 Lenders, in the case of a Term A-3 Loan, the Required Term A-5 Lenders, in the case of a Term A-5 Loan, or the Required Term A-6 Lenders, in the case of a Term A-6 Loan, and the Required Revolving Lenders may demand that (x) any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency Term Rate Loans be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect theretothereto or (y) any or all of the then outstanding Revolving Credit Loans which are Alternative Currency Daily Rate Loans immediately be redenominated into Dollars in the amount of the Dollar Equivalent thereof. During the existence of an Event of Default, other than those Events of Default described in subsection 9(a) or 9(f)a Specified Default, (i) the Required Revolving Lenders, in the case of a Revolving Credit Loan, may require that no Revolving Credit Loans may be requested as, converted to or continued as Eurocurrency Term SOFR Loans, SOFR Daily Floating Rate Loans (whether in Dollars or any Alternative Currency) Currency Loans without the consent of the Required Revolving Lenders, (ii) the Required Term A A-1 Lenders, in the case of a Term A A-1 Loan, may require that no Term A A-1 Loans may be converted to or continued as Eurocurrency Term SOFR Loans without the consent of the Required Term A A-1 Lenders, and (iii) the Required Revolving Lenders may demand that any or all of the then outstanding Revolving Credit Loans which are Eurocurrency Loans denominated in an Alternative Currency Loans be redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect theretothereto (or, with respect to Alternative Currency Loans, immediately), (iv) the Required Term A-3 Lenders, in the case of a Term A-3 Loan, may require that no Term A-3 Loans may be converted to or continued as Term SOFR Loans without the consent of the Required Term A-3 Lenders, (v) the Required Term A-5 Lenders, in the case of a Term A-5 Loan, may require that no Term A-5 Loans may be converted to or continued as Term SOFR Loans without the consent of the Required Term A-5 Lenders, and (vi) the Required Term A-6 Lenders, in the case of a Term A-6 Loan, may require that no Term A-6 Loans may be converted to or continued as Term SOFR Loans without the consent of the Required Term A-6 Lenders.