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

Conversion and Continuation of Outstanding Loans. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Loans pursuant to this Section 2.11 or are repaid in accordance with Section 2.9. Each Eurodollar Loans shall continue as a Eurodollar Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Loans shall be automatically converted into a Floating Rate Loan unless (x) such Eurodollar Loans is or was repaid in accordance with Section 2.9 or (y) Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar Loans continue as a Eurodollar Loan for a subsequent Interest Period. Borrower may elect from time to time to convert all or any part of a Floating Rate Loan into a Eurodollar Loan. Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Loan into a Eurodollar Loan or continuation of a Eurodollar Loan not later than 11:00 a.m. (New York, New York time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (a) the requested date, which shall be a Business Day, of such conversion or continuation, (b) the aggregate amount and Type of the Loans which is to be converted or continued, and (c) the amount of such Loans which is to be converted into or continued as a Eurodollar Loan and the duration of the Interest Period applicable thereto.

Conversion and Continuation of Outstanding Loans. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are either converted into Eurodollar Loans pursuant to in accordance with this Section 2.11 2.2.4 or are repaid in accordance with Section 2.92.6. Each Eurodollar Loans Loan shall continue as a Eurodollar Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Loans Loan shall be automatically converted into a Floating Rate Loan unless (x) such Eurodollar Loans Loan is or was repaid in accordance with Section 2.9 2.6 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar Loans Loan continue as a Eurodollar Loan for a subsequent the same or another Interest Period. Subject to Section 2.5, the Borrower may elect from time to time to convert all or any part of a Floating Rate Loan into a Eurodollar Loan. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Conversion/Continuation Notice”) of with respect to each (A) conversion of a Floating Rate Loan into a Eurodollar Loan or (B) continuation of a Eurodollar Loan Loan, not later than 11:00 a.m. 2:00 p.m. (New York, New York time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ai) the requested date, which shall be a Business Day, of such conversion or continuation,; (bii) the aggregate amount and Type of the Loans Loan which is to be converted or continuedcontinued and, if applicable, the Type of Loan to which such Loan is to be converted; and (ciii) the amount of such Loans which if any Loan is to be converted into to a Eurodollar Loan or continued as a Eurodollar Loan and Loan, the duration of the Interest Period applicable thereto.

Conversion and Continuation of Outstanding Loans. Floating Rate Loans (other than Swing Line Loans) shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Loans pursuant to this Section 2.11 2.9 or are repaid in accordance with Section 2.9paid or prepaid, as permitted or required hereunder. Each Eurodollar Loans Loan shall continue as a Eurodollar Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Loans Loan shall be automatically converted into a Floating Rate Loan unless (x) such Eurodollar Loans Loan is or was repaid in accordance with Section 2.9 2.7 or (y) the Borrower shall have given the Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Loans Loan continue as a Eurodollar Loan for a subsequent the same or another Interest Period. Subject to the terms of Section 2.6, the Borrower may elect from time to time to convert all or any part of a Floating Rate Loan (other than a Swing Line Loan) into a Eurodollar Loan. The Borrower shall give the Agent irrevocable notice (a “"Conversion/Continuation Notice”") of each conversion of a Floating Rate Loan into a Eurodollar Loan or continuation of a Eurodollar Loan not later than 11:00 10:00 a.m. (New York, New York Chicago time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (ai) the requested date, which shall be a Business Day, of such conversion or continuation, (bii) the aggregate amount and Type of the Loans Loan which is to be converted or continued, and (ciii) the amount of such Loans Loan which is to be converted into or continued as a Eurodollar Loan and the duration of the Interest Period applicable thereto.

Conversion and Continuation of Outstanding Loans. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Loans pursuant to this Section 2.11 2.10 or are repaid in accordance with Section 2.92.7 or 2.8. Each Eurodollar Loans Loan shall continue as a Eurodollar Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Loans Loan shall be automatically converted into a Floating Rate Loan unless (x) such Eurodollar Loans Loan is or was repaid in accordance with Section 2.9 2.7 or 2.8 or (y) the Borrower shall have given the Administrative Agent a Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurodollar Loans Loan continue as a Eurodollar Loan for a subsequent the same or another Interest Period. The Borrower may elect from time to time to convert all or any part of a Floating Rate Loan into a Eurodollar Loan. Notwithstanding anything to the contrary contained in this Section 2.10, no Loan may be converted or continued as a Eurodollar Loan (except with the consent of the Required Lenders) when any Default has occurred and is continuing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of Exhibit F (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Loan into a Eurodollar Loan or continuation of a Eurodollar Loan not later than 11:00 a.m. (New York, New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (a) the requested date, which shall be a Business Day, of such conversion or continuation, (b) the aggregate amount and Type of the Loans which is are to be converted or continued, and (c) the amount of such Loans which is are to be converted into or continued as a Eurodollar Loan Loans and the duration of the Interest Period applicable thereto.

Conversion and Continuation of Outstanding Loans. Floating Rate Loans shall continue as Floating Rate Loans unless and until such Floating Rate Loans are converted into Eurodollar Loans pursuant to this Section 2.11 or are repaid in accordance with Section 2.9. Each Eurodollar Loans shall continue as a Eurodollar Loan until the end of the then applicable Interest Period therefor, at which time such Eurodollar Loans shall be automatically converted into a Floating Rate Loan unless (x) such Eurodollar Loans is or was repaid in accordance with Section 2.9 or (y) Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar Loans continue as a Eurodollar Loan for a subsequent Interest Period. Borrower may elect from time to time to convert all or any part of a Floating Rate Loan into a Eurodollar Loan. Borrower shall give the Agent irrevocable notice (a “Conversion/Continuation Notice”) of each conversion of a Floating Rate Loan into a Eurodollar Loan or continuation of a Eurodollar Loan not later than 11:00 a.m. (New York, New York time) at least three Business Days prior to the date of the requested conversion or continuation, specifying: (a) the requested date, which shall be a Business Day, of such conversion or continuation, (b) the aggregate amount and Type of the Loans which is to be converted or continued, and (c) the amount of such Loans which is to be converted into or continued as a Eurodollar Loan and the duration of the Interest Period applicable thereto.