Common use of Conversion and Continuation of Revolving Credit Loans Clause in Contracts

Conversion and Continuation of Revolving Credit Loans. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the Borrower shall have the option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more Offshore Rate Loans and (b)(i) to convert all or any part of its outstanding Offshore Rate Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in excess thereof into Base Rate Loans or (ii) to continue Offshore Rate Loans as Offshore Rate Loans for an additional Interest Period; PROVIDED that if any conversion or continuation is made prior to the expiration of any Interest Period, the Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT F (a "NOTICE OF CONVERSION/CONTINUATION") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore Rate Loan to a Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte time) by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal amount of such Revolving Credit Loans to be converted or continued and (D) the Interest Period to be applicable to such converted or continued Offshore Rate Loan. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Conversion and Continuation of Revolving Credit Loans. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the Borrower shall have the option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more Offshore Rate Loans and (b)(i) to convert all or any part of its outstanding Offshore Rate Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof into Base Rate Loans or (ii) to continue Offshore Rate Loans as Offshore Rate Loans for an additional Interest Period; PROVIDED provided that if any conversion or continuation is made prior to the expiration of any Interest Period, the Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT Exhibit F (a "NOTICE OF CONVERSIONNotice of Conversion/CONTINUATIONContinuation") not later than 11:00 a.m. 12:00 noon (Charlotte time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore Rate Loan to a Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte time) by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal amount of such Revolving Credit Loans to be converted or continued and (D) the Interest Period to be applicable to such converted or continued Offshore Rate Loan. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Conversion and Continuation of Revolving Credit Loans. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the any Borrower shall have the option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more Offshore Rate Loans denominated in Dollars or an Offshore Currency and (b)(i) to convert all or any part of its outstanding Offshore Rate Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in excess thereof into Base Rate Loans denominated in Dollars or (ii) to continue Offshore Rate Loans Loans, whether denominated in Dollars or Offshore Currency Loans, as Offshore Rate Loans in the same currency for an additional Interest Period; PROVIDED provided that if any conversion or continuation is made prior to the expiration of any Interest Period, the such Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the a Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the such Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT Exhibit F (a "NOTICE OF CONVERSIONNotice of Conversion/CONTINUATIONContinuation") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore Rate Loan denominated in Dollars to a Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte time) by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal Dollar Equivalent amount of such Revolving Credit Loans to be converted or continued and continued, (D) the Interest Period to be applicable to such converted or continued Offshore Rate Loan and (E) in the case of any continued Offshore Rate Loan which is an Offshore Currency Loan, the Applicable Currency. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Conversion and Continuation of Revolving Credit Loans. Provided that no Default The Lead Borrower shall have the right at any time, on three (3) Business Days’ prior notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 11:00 a.m. on the third Business Day preceding the date of any conversion), (i) to convert any outstanding Borrowings of Prime Rate Loans to Borrowings of LIBOR Rate Loans, or (ii) to continue an outstanding Borrowing of LIBOR Rate Loans for an additional Interest Period, or (iii) to convert any outstanding Borrowings of LIBOR Rate Loans to a Borrowing of Prime Rate Loans, subject in each case to the following: No Borrowing of Revolving Credit Loans may be converted into, or continued as, LIBOR Rate Loans at any time when any Event of Default has occurred and is then continuingcontinuing (nothing contained herein being deemed to obligate the Borrowers to incur Breakage Costs upon the occurrence and during the continuance of an Event of Default unless the Obligations are accelerated); If less than a full Borrowing of Revolving Credit Loans is converted, and subject such conversion shall be made pro rata among the Lenders based upon their Commitment Percentages in accordance with the respective principal amounts of the Revolving Credit Loans comprising such Borrowing held by such Lenders immediately prior to the terms such conversion; The aggregate principal amount of this Agreement, the Borrower shall have the option (a) to convert all or any portion of its outstanding Base Prime Rate Loans being converted into or continued as LIBOR Rate Loans shall be in a principal amount equal to $5,000,000 or any whole multiple an integral of $1,000,000 in excess thereof into one and at least $5,000,000; Each Lender shall effect each conversion by applying the proceeds of its new LIBOR Rate Loan or more Offshore Prime Rate Loan, as the case may be, to its Revolving Credit Loan being so converted; The Interest Period with respect to a Borrowing of LIBOR Rate Loans and (b)(i) effected by a conversion or in respect to convert all or any part the Borrowing of its outstanding Offshore LIBOR Rate Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in excess thereof into Base being continued as LIBOR Rate Loans or (ii) to continue Offshore Rate Loans as Offshore Rate Loans for an additional Interest Period; PROVIDED that if any shall commence on the date of conversion or continuation is made prior to the expiration of the current Interest Period applicable to such continuing Borrowing, as the case may be; A Borrowing of LIBOR Rate Loans may be converted only on the last day of an Interest Period applicable thereto, unless the applicable Borrower pays all Breakage Costs incurred in connection with such conversion; In no event shall more than ten (10) Borrowings of LIBOR Rate Loans be outstanding at any time or more than two (2) Borrowings of LIBOR Rate Loans having an Interest Period, Period of less than one (1) month be selected by the Lead Borrower shall pay in any amount required to be paid pursuant to Section 4.9 hereof. Whenever the Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT F thirty (30) day period; and DB1/ 98023701.7 Each request for a "NOTICE OF CONVERSION/CONTINUATION") not later than 11:00 a.m. (Charlotte time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is a Borrowing of LIBOR Rate Loans which fails to state an applicable Interest Period shall be deemed to be effective a request for an Interest Period of one (except in 1) month. If the case Lead Borrower does not give notice to convert any Borrowing of a conversion of an Offshore LIBOR Rate Loan Loans, or does not give notice to a Base continue, or does not have the right to continue, any Borrowing as LIBOR Rate LoanLoans, in which each case same day notice not later than 11:00 a.m. (Charlotte timeas provided in SECTIONSection 2.09(a) by the Borrower above, such Borrowing shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to automatically be converted to, or continuedcontinued as, as applicable, a Borrowing of Prime Rate Loans, at the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day expiration of the then-current Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal amount of such Revolving Credit Loans to be converted or continued and (D) the Interest Period to be applicable to such converted or continued Offshore Rate LoanPeriod. The Administrative Agent shall shall, after it receives notice from the Lead Borrower, promptly notify the Lenders give each Lender notice of any conversion, in whole or part, of any Revolving Credit Loan made by such Notice of Conversion/ContinuationLender.

Conversion and Continuation of Revolving Credit Loans. (a) Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the Parent Borrower (on its own behalf or on behalf of any Unrestricted Subsidiary Borrower) shall have the option (a) to convert all or any portion of its outstanding Alternate Base Rate Loans in a principal amount equal to $5,000,000 or any whole multiple of $1,000,000 in excess thereof into one or more Offshore Dollar Eurocurrency Rate Loans and (b)(i) to convert all or any part of its outstanding Offshore Dollar Eurocurrency Rate Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof into Alternate Base Rate Loans or (ii) to continue Offshore Eurocurrency Rate Loans as Offshore Eurocurrency Rate Loans for an additional Interest Period; PROVIDED provided that if any conversion or continuation is made prior to the expiration of any Interest Period, the relevant Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the any Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the such Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT F Exhibit G (a "NOTICE OF CONVERSIONNotice of Conversion/CONTINUATIONContinuation") not later than 11:00 a.m. 12:00 noon, Local Time, four (Charlotte time) three (34) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore a Dollar Eurocurrency Rate Loan to a Alternate Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte time) a.m., Local Time, by the such Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made continued and, in the case of any Offshore Eurocurrency Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal amount of such Revolving Credit Loans to be converted or continued and (D) the Interest Period to be applicable to such converted or continued Offshore Eurocurrency Rate Loan. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Conversion and Continuation of Revolving Credit Loans. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the any Borrower shall have the option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount equal to $5,000,000 1,000,000 or any whole multiple of $1,000,000 500,000 in excess thereof into one or more Offshore Rate Loans denominated in Dollars or an Offshore Currency and (b)(i) to convert all or any part of its outstanding Offshore Rate Loans in a principal amount equal to $1,000,000 500,000 or a whole multiple of $500,000 100,000 in excess thereof into Base Rate Loans denominated in Dollars or (ii) to continue Offshore Rate Loans Loans, whether denominated in Dollars or Offshore Currency Loans, as Offshore Rate Loans in the same currency for an additional Interest Period; PROVIDED provided that if any conversion or continuation is made prior to on a day other than the expiration last day of any Interest Period, the such Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the a Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the Borrower Company, on behalf of such Borrower, shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT Exhibit F (a "NOTICE OF CONVERSION“Notice of Conversion/CONTINUATION"Continuation”) not later than 11:00 a.m. (Charlotte Atlanta time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore Rate Loan denominated in Dollars to a Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte Atlanta time) by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal Dollar Equivalent amount of such Revolving Credit Loans to be converted or continued and continued, (D) the Interest Period to be applicable to such converted or continued Offshore Rate Loan and (E) in the case of any continued Offshore Rate Loan which is an Offshore Currency Loan, the Applicable Currency. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.

Conversion and Continuation of Revolving Credit Loans. Provided that no Default or Event of Default has occurred and is then continuing, and subject to the terms of this Agreement, the any Borrower shall have the option (a) to convert all or any portion of its outstanding Base Rate Loans in a principal amount equal to $5,000,000 1,000,000 or any whole multiple of $1,000,000 500,000 in excess thereof into one or more Offshore Rate Loans denominated in Dollars or an Offshore Currency and (b)(i) to convert all or any part of its outstanding Offshore Rate Loans in a principal amount equal to $1,000,000 500,000 or a whole multiple of $500,000 100,000 in excess thereof into Base Rate Loans denominated in Dollars or (ii) to continue Offshore Rate Loans Loans, whether denominated in Dollars or Offshore Currency Loans, as Offshore Rate Loans in the same currency for an additional Interest Period; PROVIDED that if any conversion or continuation is made prior to on a day other than the expiration last day of any Interest Period, the such Borrower shall pay any amount required to be paid pursuant to Section 4.9 hereof. Whenever the a Borrower desires to convert or continue Revolving Credit Loans or Swingline Loans as provided above, the Borrower Company, on behalf of such Borrower, shall give the Administrative Agent irrevocable prior written notice in the form attached as EXHIBIT F (a "NOTICE OF CONVERSION/CONTINUATION") not later than 11:00 a.m. (Charlotte Atlanta time) three (3) Business Days before the day on which a proposed conversion or continuation of such Revolving Credit Loan or Swingline Loan is to be effective (except in the case of a conversion of an Offshore Rate Loan denominated in Dollars to a Base Rate Loan, in which case same day notice not later than 11:00 a.m. (Charlotte Atlanta time) by the Borrower shall be sufficient) specifying (A) the Revolving Credit Loans or Swingline Loans to be converted or continued, the facility under which such Loans were made and, in the case of any Offshore Rate Loan to be converted or continued, the last day of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the principal Dollar Equivalent amount of such Revolving Credit Loans to be converted or continued and continued, (D) the Interest Period to be applicable to such converted or continued Offshore Rate Loan and (E) in the case of any continued Offshore Rate Loan which is an Offshore Currency Loan, the Applicable Currency. The Administrative Agent shall promptly notify the Lenders of such Notice of Conversion/Continuation.