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

Conversion and Continuation of Outstanding Committed Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either prepaid in accordance with Section 2.5.3 or converted into Committed Fixed Rate Advances denominated in Dollars. Unless sooner prepaid in accordance with Section 2.5.3 or converted in accordance with this Section, each Committed Fixed Rate Advance of any Type shall continue as a Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time (x) if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in Dollars such Committed Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Conversion/ Continuation Notice requesting that, at the end of such Interest Period, such Committed Fixed Rate Advance either continue as a Committed Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type denominated in Dollars and (y) subject to Section 2.5.13(b), if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in an Alternative Currency, such Committed Fixed Rate Advance shall be automatically continued as a Committed Fixed Rate Advance in the same Alternative Currency for an additional Interest Period of one month, unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Continuation Notice requesting that at the end of such Interest Period such Committed Fixed Rate Advance continue as a Committed Fixed Rate Advance for another Interest Period. If the Administrative Agent does not receive such timely notice of prepayment or Continuation Notice, it shall notify the Lenders to such effect on the date such notice is due. Subject to the terms of Section 2.5.2, the Borrower may elect from time to time to convert all or any part of a Committed Advance of any Type denominated in Dollars into any other Type or Types of Committed Advances denominated in Dollars; provided that any conversion of any Committed Fixed Rate Advance on any day other than the last day of the Interest Period applicable thereto shall be subject to Section

Conversion and Continuation of Outstanding Committed Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either prepaid in accordance with Section 2.5.3 or converted into Eurodollar Committed Fixed Rate Advances denominated in DollarsAdvances. Unless sooner prepaid in accordance with Section 2.5.3 or converted in accordance with this Section, each Each Eurodollar Committed Fixed Rate Advance of any Type shall continue as a Fixed Rate Eurodollar Committed Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time (x) if such Fixed Rate Advance is a Eurodollar Committed Fixed Rate Advance denominated in Dollars such Committed Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless such Eurodollar Committed Advance is paid by the Borrower or the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Conversion/ Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Fixed Rate Advance either continue as a Eurodollar Committed Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type denominated in Dollars and (y) subject to Section 2.5.13(b), if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in an Alternative Currency, such Committed Fixed Rate Advance shall be automatically continued as a Committed Fixed Rate Advance in the same Alternative Currency for an additional Interest Period of one month, unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Continuation Notice requesting that at the end of such Interest Period such Committed Fixed Rate Advance continue as a Committed Fixed Rate Advance for another Eurodollar Interest Period. If the Administrative Agent does not receive such timely notice of prepayment or Continuation Notice, it shall notify the Lenders to such effect on the date such notice is due. Subject to the terms of Section 2.5.22.3.3, the Borrower may elect from time to time to convert all or any part of an Floating Rate Advance into a Eurodollar Committed Advance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of Floating Rate Advance or continuation of a Eurodollar Committed Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of any 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 denominated in Dollars into any other Type of the Committed Advance which is to be converted or Types continued; and (iii) the amount and Type(s) of Committed Advances denominated Advance(s) into which such Committed Advance is to be converted or continued and, in Dollars; provided that any the case of a conversion into or continuation of any a Eurodollar Committed Fixed Rate Advance on any day other than Advance, the last day duration of the Eurodollar Interest Period applicable thereto shall be subject to Sectionthereto.

Conversion and Continuation of Outstanding Committed Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either prepaid in accordance with Section 2.5.3 or converted into Eurodollar Committed Fixed Rate Advances denominated in DollarsAdvances. Unless sooner prepaid in accordance with Section 2.5.3 or converted in accordance with this Section, each Each Eurodollar Committed Fixed Rate Advance of any Type shall continue as a Fixed Rate Eurodollar Committed Advance of such Type until the end of the then applicable Eurodollar Interest Period therefor, at which time (x) if such Fixed Rate Advance is a Eurodollar Committed Fixed Rate Advance denominated in Dollars such Committed Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless such Eurodollar Committed Advance is paid by the Borrower or the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Conversion/ Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Fixed Rate Advance either continue as a Eurodollar Committed Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type denominated in Dollars and (y) subject to Section 2.5.13(b), if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in an Alternative Currency, such Committed Fixed Rate Advance shall be automatically continued as a Committed Fixed Rate Advance in the same Alternative Currency for an additional Interest Period of one month, unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Continuation Notice requesting that at the end of such Interest Period such Committed Fixed Rate Advance continue as a Committed Fixed Rate Advance for another Eurodollar Interest Period. If the Administrative Agent does not receive such timely notice of prepayment or Continuation Notice, it shall notify the Lenders to such effect on the date such notice is due. Subject to the terms of Section 2.5.22.3.3, the Borrower may elect from time to time to convert all or any part of a Floating Rate Advance into a Eurodollar Committed Advance. The Borrower shall give the Agent irrevocable notice (a "Conversion/Continuation Notice") of each conversion of Floating Rate Advance or continuation of a Eurodollar Committed Advance not later than 10:00 a.m. (Chicago time) at least three Business Days prior to the date of any 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 denominated in Dollars into any other Type of the Committed Advance which is to be converted or Types continued; and (iii) the amount and Type(s) of Committed Advances denominated Advance(s) into which such Committed Advance is to be converted or continued and, in Dollars; provided that any the case of a conversion into or continuation of any a Eurodollar Committed Fixed Rate Advance on any day other than Advance, the last day duration of the Eurodollar Interest Period applicable thereto shall be subject to Sectionthereto.

Conversion and Continuation of Outstanding Committed Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either prepaid in accordance with Section 2.5.3 or converted into Committed Fixed Rate Advances denominated in Dollars. Unless sooner prepaid in accordance with Section 2.5.3 or converted in accordance with this Section, each Committed Fixed Rate Advance of any Type shall continue as a Fixed Rate Advance of such Type until the end of the then applicable Interest Period therefor, at which time (x) if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in Dollars such Committed Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Conversion/ Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Committed Fixed Rate Advance either continue as a Committed Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type denominated in Dollars and (y) subject to Section 2.5.13(b), if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in an Alternative Currency, such Committed Fixed Rate Advance shall be automatically continued as a Committed Fixed Rate Advance in the same Alternative Currency for an additional Interest Period of one month, unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Continuation Notice requesting that at the end of such Interest Period such Committed Fixed Rate Advance continue as a Committed Fixed Rate Advance for another Interest Period. If the Administrative Agent does not receive such timely notice of prepayment or Continuation Notice, it shall notify the Lenders to such effect on the date such notice is due. Subject to the terms of Section 2.5.2, the Borrower may elect from time to time to convert all or any part of a Committed Advance of any Type denominated in Dollars into any other Type or Types of Committed Advances denominated in Dollars; provided that any conversion of any Committed Fixed Rate Advance on any day other than the last day of the Interest Period applicable thereto shall be subject to SectionSection 3.4. The Borrower shall give the Administrative Agent notice (a "Conversion/Continuation Notice") of each conversion of a Committed Advance or continuation of a Committed Fixed Rate Advance not later than 10:00 a.m. (Chicago time) on the date of, in the case of a conversion into a Floating Rate Advance, or two Business Days, in the case of a conversion into or continuation of a Fixed CD Rate Advance, three Business Days, in the case of a conversion into or continuation of a Eurocurrency Committed Advance denominated in Dollars or five Business Days, in the case of a continuation of a Eurocurrency Committed Advance denominated in an Alternative Currency, 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 Committed Advance which is to be converted or continued; and (iii) the amount and Type(s) of Committed Advance(s) into which such Committed Advance is to be converted or continued and, in the case of a conversion into or continuation of a Committed Fixed Rate Advance, the duration of the Interest Period applicable thereto (which may not end after the Termination Date). Subject to Section 3.3, each Conversion/Continuation Notice shall be irrevocable. Changes in the currency in which an Advance is denominated may not be effected by a conversion pursuant to this Section 2.2.4.

Conversion and Continuation of Outstanding Committed Advances. Floating Rate Advances shall continue as Floating Rate Advances unless and until such Floating Rate Advances are either prepaid in accordance with Section 2.5.3 repaid or converted into Eurodollar Committed Fixed Rate Advances denominated in Dollars. Unless sooner prepaid in accordance with Section 2.5.3 or converted in accordance with pursuant to this Section, each . Each Eurodollar Committed Fixed Rate Advance of any Type shall continue as a Fixed Rate Eurodollar Committed Advance of such Type until the end of the then applicable Eurodollar Interest Period thereforPeriod, at which time (x) if such Fixed Rate Advance is a Eurodollar Committed Fixed Rate Advance denominated in Dollars such Committed Fixed Rate Advance shall be automatically converted into a Floating Rate Advance unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Conversion/ Committed Conversion/Continuation Notice requesting that, at the end of such Eurodollar Interest Period, such Eurodollar Committed Fixed Rate Advance either continue as a Committed Fixed Rate Advance of such Type for the same or another Interest Period or be converted into an Advance of another Type denominated in Dollars and (y) subject to Section 2.5.13(b), if such Fixed Rate Advance is a Committed Fixed Rate Advance denominated in an Alternative Currency, such Committed Fixed Rate Advance shall be automatically continued as a Committed Fixed Rate Advance in the same Alternative Currency for an additional Interest Period of one month, unless the Borrower shall have given the Administrative Agent a timely notice of prepayment thereof pursuant to Section 2.5.3 or a timely Continuation Notice requesting that at the end of such Interest Period such Committed Fixed Rate Advance continue as a Eurodollar Committed Fixed Rate Advance for another a new Eurodollar Interest Period. If the Administrative Agent does not receive such timely notice of prepayment or Continuation Notice, it shall notify the Lenders to such effect on the date such notice is due. Subject to the terms of Section 2.5.2, the Borrower may elect from time to time to convert all or any part of a any Committed Advance of any Type denominated in Dollars into any other Type or Types of another Committed Advances denominated in DollarsAdvance with a different Rate Option; provided that any conversion of any Eurodollar Committed Fixed Rate Advance on any day other than shall be made on, and only on, the last day of the Eurodollar Interest Period applicable thereto thereto. The Borrower shall give the Agent irrevocable notice (a "Committed Conversion/Continuation Notice") of each conversion of a Committed Advance or continuation of a Eurodollar Committed Advance not later than 11:00 a.m. (Chicago time) on the date of the requested conversion or continuation, in the case of a conversion into a Floating Rate Advance, or on the date three Business Days prior to the requested conversion or continuation, in the case of a conversion into or continuation of a Eurodollar Committed Advance, specifying: (i) the requested date, which shall be subject a Business Day, of such conversion or continuation; (ii) the aggregate amount and Rate Option of the Committed Advance which is to Sectionbe converted or continued; and A Committed Conversion/Continuation Notice that does not conform substantially to these requirements shall be rejected, and the Agent shall promptly notify the Borrower of such rejection by telex or telecopy.