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

Conversion and Continuation of Outstanding Loans. Alternate Base Rate Loans shall continue as such unless and until converted into Eurodollar Loans or are repaid. Each Eurodollar Loan shall continue until, and may not be converted prior to, the end of the then applicable Interest Period therefor, at which time such Eurodollar Loan shall be automatically converted into an Alternate Base Rate Loan unless such Eurodollar Loan was repaid or the Borrower shall have given the Lender irrevocable notice (a "Conversion/Continuation Notice") requesting that, at the end of such Interest Period, such Eurodollar Loan continue as such for the same or another Interest Period. The Borrower shall give the Lender a Conversion/Continuation Notice prior to the date of the requested conversion or continuation, but not later than the times identified in Section 2.5 for Borrowing Notices, specifying for each Loan being converted or continued: (i) the requested date which shall be a Business Day; (ii) the aggregate amount and Type; and (iii) the amount and Type(s) of Loan(s) into which such Loan is to be converted or continued and the duration of the Interest Period, if any, applicable thereto.

Conversion and Continuation of Outstanding Loans. Alternate Base Rate ------------------------------------------------- Loans shall continue as such unless and until converted into Eurodollar Loans or are repaid. Each Eurodollar Loan shall continue until, and may not be converted prior to, the end of the then applicable Interest Period therefor, at which time such Eurodollar Loan shall be automatically converted into an Alternate Base Rate Loan unless such Eurodollar Loan was repaid or the Borrower shall have given the Lender irrevocable notice (a "Conversion/Continuation Notice") requesting that, at the end of such Interest Period, such Eurodollar Loan continue as such for the same or another Interest Period. The Borrower shall give the Lender a Conversion/Continuation Notice prior to the date of the requested conversion or continuation, but not later than the times identified in Section 2.5 for Borrowing Notices, specifying for each Loan being converted or continued: (i) the requested date which shall be a Business Day; (ii) the aggregate amount and Type; and (iii) the amount and Type(s) of Loan(s) into which such Loan is to be converted or continued and the duration of the Interest Period, if any, applicable thereto.

Conversion and Continuation of Outstanding Loans. Alternate Base Rate Loans shall continue as such unless and until converted into Eurodollar Loans or are repaid. Each Eurodollar Loan shall continue until, and may not be converted prior to, the end of the then applicable Interest Period therefor, at which time such Eurodollar Loan shall be automatically converted into an Alternate Base Rate Loan unless such Eurodollar Loan was repaid or the Borrower shall have given the Lender irrevocable notice (a "Conversion/Continuation Notice") requesting that, at the end of such Interest Period, such Eurodollar Loan continue as such for the same or another Interest Period. The Borrower shall give the Lender a Conversion/Continuation Notice prior to the date of the requested conversion or continuation, but not later than the times identified in Section 2.5 for Borrowing Notices, specifying for each Loan being converted or continued: (i) the requested date which shall be a Business Day; , (ii) the aggregate amount and Type; and (iii) the amount and Type(s) of Loan(s) into which such Loan is to be converted or continued and the duration of the Interest Period, if any, applicable thereto. Such notice may be telephonic notice given in accordance with Section 2.11.