Common use of Conversion and Continuation of Outstanding Advances Clause in Contracts

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBORSOFR Rate Advances. Each LIBORSOFR Rate Advance shall continue as a LIBORSOFR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR Rate Advance shall be automatically converted as a LIBORSOFR Rate Advance, but with an Interest Period of one month unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) requesting that, at the end of such Interest Period, such LIBORSOFR Rate Advance either continue as a LIBORSOFR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if any conversion of any LIBORSOFR Rate Advance shall be made on any day other than the last day of the Interest Period applicable thereto, the Borrower shall be obligated to pay the amounts, if any, payable pursuant to Section 3.

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as into a LIBORSOFR Base Rate Advance, but with an Interest Period of one month Advance unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) Notice requesting that, at the end of such LIBOR Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.72.9, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if that any conversion of any LIBORSOFR LIBOR Rate Advance shall be made on any day other than on, and only on, the last day of the Interest Period applicable thereto, the . The Borrower shall be obligated give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to pay a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 10:00 a.m. (Cleveland time), at least three Business Days, in the amountscase of a conversion into or continuation of a LIBOR Advance, if anyprior to the date of the requested conversion or continuation, payable pursuant to Section 3.specifying:

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as into a LIBORSOFR Base Rate Advance, but with an Interest Period of one month Advance unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) Notice requesting that, at the end of such Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding Borrower may convert or renew the provision for automatic conversion in current Interest Rate Option applicable to existing Loans, by notifying the foregoing sentenceAdministrative Agent, if not later than noon, Eastern time, three (3) Business Days prior to the proposed effective date of such conversion/continuation, in writing in the form of Exhibit G or by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Conversion/Continuation Notice”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Conversion/Continuation Notice shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period. The Administrative Agent shall notify the Lenders of its receipt of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject Conversion/Continuation Notice pursuant to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if any conversion of any LIBORSOFR Rate Advance shall be made on any day other than the last day of the Interest Period applicable thereto, the Borrower shall be obligated to pay the amounts, if any, payable pursuant to Section 32.13.

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as a LIBORSOFR LIBOR Rate Advance, but with an Interest Period of one month unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) requesting that, at the end of such Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Revolver Termination Date, in the case of Revolving Advances, or one month prior to the Final Termination Date, in the case of Term Advances, such LIBORSOFR LIBOR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if any conversion of any LIBORSOFR LIBOR Rate Advance shall be made on any day other than the last day of the Interest Period applicable thereto, the Borrower shall be obligated to pay the amounts, if any, payable pursuant to Section 3.to

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as into a LIBORSOFR Floating Rate Advance, but with an Interest Period of one month Advance unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) Notice requesting that, at the end of such LIBOR Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.72.8, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if that any conversion of any LIBORSOFR LIBOR Rate Advance shall be made on any day other than on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 11:00 a.m. (Cleveland time), at least three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a LIBOR Rate Advance, the Borrower shall be obligated to pay duration of the amounts, if any, payable pursuant to Section 3LIBOR Interest Period applicable thereto.

Conversion and Continuation of Outstanding Advances. Floating Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into LIBORSOFR Rate AdvancesLIBOR Advances pursuant to this Section 2.14 or are repaid. Each LIBORSOFR Rate LIBOR Advance shall continue as a LIBORSOFR Rate LIBOR Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR Rate LIBOR Advance shall be automatically converted as into a LIBORSOFR Base Rate Advance, but with an Interest Period of one month Advance unless (x) such LIBOR Advance is or was repaid or (y) the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”Notice (defined below) requesting that, at the end of such Interest Period, such LIBORSOFR Rate LIBOR Advance either continue as a LIBORSOFR Rate LIBOR Advance for the same or another Interest Period or be converted to an Advance of another TypePeriod. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.7, the The Borrower may elect from time to time to convert all or any part of an a Base Rate Advance of any Type (other than Swing Line Loans) into any other Type or Types of Advancesa LIBOR Advance; provided that, if any conversion of any LIBORSOFR Rate that each Advance shall be made on a minimum aggregate amount of $1,000,000 or any day other larger integral multiple thereof. The Borrower shall give the Administrative Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of a Base Rate Advance into a LIBOR Advance or continuation of a LIBOR Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the last day date of the requested conversion or continuation, specifying: (i) the requested date, which shall be a Business Day, of such conversion or continuation, (ii) the aggregate amount and Type of the Advance which is to be converted or continued and (iii) the amount of such Advance which is to be converted into or continued as a LIBOR Advance and the duration of the Interest Period applicable thereto, the Borrower shall be obligated to pay the amounts, if any, payable pursuant to Section 3.

Conversion and Continuation of Outstanding Advances. Floating . Base Rate Advances shall continue as Floating Base Rate Advances unless and until such Floating Base Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as into a LIBORSOFR Base Rate Advance, but with an Interest Period of one month Advance unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) Notice requesting that, at the end of such Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another Interest Period or be converted to an Advance of another Type. Notwithstanding Borrower may convert or renew the provision for automatic conversion in current Interest Rate Option applicable to existing Loans, by notifying the foregoing sentenceAdministrative Agent, if not later than noon, Eastern time, three (3) Business Days prior to the proposed effective date of such conversion/continuation, in writing in the form of Exhibit G or by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Conversion/Continuation Notice”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Conversion/Continuation Notice shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period. The Administrative Agent shall notify the Lenders of its receipt of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject Conversion/Continuation Notice pursuant to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if any conversion of any LIBORSOFR Rate Advance shall be made on any day other than the last day of the Interest Period applicable thereto, the Borrower shall be obligated to pay the amounts, if any, payable pursuant to Section 32.13.

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted renew as a LIBORSOFR LIBOR Rate Advance, but Advance with an a one month LIBOR Interest Period of one month unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) Notice requesting that, at the end of such LIBOR Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another a different Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate AdvancePeriod. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if that any conversion of any LIBORSOFR LIBOR Rate Advance shall be made on any day other than on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 11:00 a.m. (Cleveland time), at least three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a LIBOR Rate Advance, the Borrower shall be obligated to pay duration of the amounts, if any, payable pursuant to Section 3LIBOR Interest Period applicable thereto.

Conversion and Continuation of Outstanding Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are converted into LIBORSOFR LIBOR Rate Advances. Each LIBORSOFR LIBOR Rate Advance shall continue as a LIBORSOFR LIBOR Rate - 27 - 13171960\V-5 Advance until the end of the then applicable LIBOR Interest Period therefor, at which time such LIBORSOFR LIBOR Rate Advance shall be automatically converted as into a LIBORSOFR Floating Rate Advance, but with an Interest Period of one month Advance unless the Borrower shall have given the Administrative Agent an irrevocable notice (a “Conversion/Continuation Notice”) ” requesting that, at the end of such LIBOR Interest Period, such LIBORSOFR LIBOR Rate Advance either continue as a LIBORSOFR LIBOR Rate Advance for the same or another LIBOR Interest Period or be converted to an Advance of another Type. Notwithstanding the provision for automatic conversion in the foregoing sentence, if the effective date of any such automatic conversion is less than one month prior to the then-current Facility Termination Date, such LIBORSOFR Rate Advance shall be automatically converted into a Floating Rate Advance. Subject to the terms of Section 2.7, the Borrower may elect from time to time to convert all or any part of an Advance of any Type into any other Type or Types of Advances; provided that, if that any conversion of any LIBORSOFR LIBOR Rate Advance shall be made on any day other than on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of an Advance to a LIBOR Rate Advance or continuation of a LIBOR Rate Advance not later than 11:00 a.m. (Cleveland time), at least three Business Days, in the case of a conversion into or continuation of a LIBOR Rate Advance, prior to the date of the requested conversion or continuation, specifying: (i) the requested date which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Type of the Advance which is to be converted or continued; and (iii) the amount and Type(s) of Advance(s) into which such Advance is to be converted or continued and, in the case of a conversion into or continuation of a LIBOR Rate Advance, the Borrower shall be obligated to pay duration of the amounts, if any, payable pursuant to Section 3LIBOR Interest Period applicable thereto.