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

Conversion and Continuation of Revolving Loans. Each Borrower shall have the right, subject to the terms and conditions of this Agreement, to elect to change or continue the Type of any Loans, as follows: (i) in the case of Base Rate Loans, such Borrower may elect to Convert such Loans to Eurocurrency Loans denominated in Dollars as of any Business Day; (ii) in the case of Eurocurrency Loans denominated in Dollars, such Borrower may, subject to Section 3.02, elect to (x) Convert all or a portion of such Eurocurrency Loans into a Borrowing or Borrowings of Base Rate Loans on any Business Day, and (y) Continue a Borrowing of such Eurocurrency Loans at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans with a new Interest Period; and (iii) in the case of any Eurocurrency Loans denominated in any Approved Currency, (x) Convert all or a portion of the outstanding principal amount of such Eurocurrency Loans of one Type made to it into a Borrowing or Borrowings of another Type of Eurocurrency Loans in such Approved Currency that can be made to it pursuant to this Agreement and (y) Continue a Borrowing of Eurocurrency Loans in any Approved Currency at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans in such Approved Currency with a new Interest Period.

Conversion and Continuation of Revolving Loans. Each Borrower shall have the right, subject to the terms and conditions of this Agreement, to elect to change or continue the Type of any Loans, as follows: (i) in the case of Base Rate Loans, such Borrower may elect to Convert such Loans to Eurocurrency Loans denominated in Dollars as of any Business Day; (ii) in the case of Eurocurrency Loans denominated in Dollars, such Borrower may, subject to Section 3.02, elect to (x) Convert all or a portion of such Eurocurrency Loans into a Borrowing or Borrowings of Base Rate Loans on any Business Day, and (y) Continue a Borrowing of such Eurocurrency Loans at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans with a new Interest Period; and (iii) in the case of any Eurocurrency Loans denominated in any Approved Currency, (x) Convert all or a portion of the outstanding principal amount of such Eurocurrency Loans of one Type made to it into a Borrowing or Borrowings of another Type of Eurocurrency Loans in such Approved Currency that can be made to it pursuant to this Agreement and (y) Continue a Borrowing of Eurocurrency Loans in any Approved Currency at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans in such Approved Currency with a new Interest Period.. -105-

Conversion and Continuation of Revolving Loans. Each Borrower shall have the right, subject to the terms and conditions of this Agreement, to elect to change or continue the Type of any Loans, as follows: : (i) in the case of Base Rate Loans, such Borrower may elect to Convert such Loans to Eurocurrency Loans denominated in Dollars as of any Business Day; ; (ii) in the case of Eurocurrency Loans denominated in Dollars, such Borrower may, subject to Section 3.02, elect to (x) Convert all or a portion of such Eurocurrency Loans into a Borrowing or Borrowings of Base Rate Loans on any Business Day, and (y) Continue a Borrowing of such Eurocurrency Loans at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans with a new Interest Period; and and (iii) in the case of any Eurocurrency Loans denominated in any Approved Currency, (x) Convert all or a portion of the outstanding principal amount of such Eurocurrency Loans of one Type made to it into a Borrowing or Borrowings of another Type of Eurocurrency Loans in such Approved Currency that can be made to it pursuant to this Agreement and (y) Continue a Borrowing of Eurocurrency Loans in any Approved Currency at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans in such Approved Currency with a new Interest Period.. (b)

Conversion and Continuation of Revolving Loans. Each The Borrower shall have the right, subject to the terms and conditions of this Agreement, to elect to change or continue the Type of any Loans, as follows: (i) in the case of Base Rate Loans, such Borrower may elect to Convert such Loans to Eurocurrency Loans denominated in Dollars as of any Business Day; (ii) in the case of Eurocurrency Loans denominated in Dollars, such Borrower may, subject to Section 3.02, elect to (x) Convert all or a portion of such Eurocurrency Loans into a Borrowing or Borrowings of Base Rate Loans on any Business Day, and (y) Continue a Borrowing of such Eurocurrency Loans at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Loans with a new Interest Period; and (iii) in the case of any Eurocurrency Loans denominated in any Approved Currency, (x) Convert all or a portion of the outstanding principal amount of such Eurocurrency Loans of one Type made to it into a Borrowing or Borrowings of another Type of Eurocurrency Loans in such Approved Currency that can be made to it pursuant to this Agreement and (yii) Continue a Borrowing of Eurocurrency Eurodollar Loans in any Approved or Foreign Currency Loans, as the case may be, at the end of the applicable Interest Period as a new Borrowing of Eurocurrency Eurodollar Loans or Foreign Currency Loans (in such Approved the same Designated Foreign Currency as the original Foreign Currency Loan) with a new Interest Period; provided, however, that (A) no Foreign Currency Loan may be Converted into a Base Rate Loan, Eurodollar Loan or a Foreign Currency Loan that is denominated in a different Designated Foreign Currency, and (B) any Conversion of Eurodollar Loans into Base Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans. In addition, notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding Base Rate Loan may be converted to or continued as a Fixed Rate Loan and (ii) unless repaid, each Fixed Rate Loan shall be converted to a Base Rate Loan (and any such Fixed Rate Loan that is a Foreign Currency Loan shall be redenominated in Dollars at the time of such conversion) at the end of the Interest Period applicable thereto.