Common use of Conversion and Continuation Procedures Clause in Contracts

Conversion and Continuation Procedures. (i) Subject to Section 2.2(a), Borrower may, upon irrevocable written notice to Agent in accordance with clause (b) below: (1) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 a higher integral multiple of $500,000) into Loans of the other type; or (2) elect, as of the last day of the applicable Term SOFR Interest Period, to continue any SOFR Loans bearing interest based on Term SOFR having Term SOFR Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000) for a new Term SOFR Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of SOFR Loans bearing interest based on Term SOFR shall be at least $1,000,000 and an integral multiple of $500,000. (ii) Borrower shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F or telephonic notice (followed immediately by a Notice of Conversion/Continuation) to Agent of each proposed conversion or continuation not later than (i) in the case of conversion into Base Rate Loans, 10:00 A.M., Chicago time, on the proposed date of such conversion and (ii) in the case of conversion into or continuation of SOFR Loans, 10:00 A.M., Chicago time, at least three (3) Business Days prior to the proposed date of such conversion or continuation, specifying in each case:

Conversion and Continuation Procedures. (ia) Subject to Section 2.2(a)2.2.1, the Borrower may, upon irrevocable written notice to the Administrative Agent in accordance with clause (b) below: (1A) elect, as of any Business Day, to convert any Term Loans (or any part thereof in an aggregate amount not less than $1,000,000 5,000,000.00 and a higher integral multiple of $500,0001,000,000.00) into Term Loans of the other type; or (2B) elect, as of the last day of the applicable Term SOFR Interest Period, to continue any SOFR LIBOR Loans bearing interest based on Term SOFR having Term SOFR Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 5,000,000.00 or a higher integral multiple of $500,0001,000,000.00) for a new Term SOFR Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of SOFR LIBOR Loans bearing interest based on Term SOFR shall be at least $1,000,000 5,000,000.00 and an integral multiple of $500,0001,000,000.00. (iib) The Borrower shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F E or telephonic notice (followed immediately by a Notice of Conversion/Continuation) to the Administrative Agent of each proposed conversion or continuation not later than (i) in the case of conversion into Base Rate Loans, 10:00 11:00 A.M., Chicago time, on the proposed date of such conversion and (ii) in the case of conversion into or continuation of SOFR LIBOR Loans, 10:00 11:00 A.M., Chicago time, at least three (3) Business Days prior to the proposed date of such conversion or continuation, specifying in each case:

Conversion and Continuation Procedures. (i) Subject to Section 2.2(a), Borrower may, upon irrevocable written notice to Agent in accordance with clause (b) below: (1) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 a higher integral multiple of $500,000) into Loans of the other type; or (2) elect, as of the last day of the applicable Term SOFR Interest Period, to continue any SOFR Loans bearing interest based on Term SOFR having Term SOFR Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000) for a new Term SOFR Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of SOFR Loans bearing interest based on Term SOFR shall be at least $1,000,000 and an integral multiple of $500,000. (ii) Borrower shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F or telephonic notice (followed immediately by a Notice of Conversion/Continuation) to Agent of each proposed conversion or continuation not later than (i) in the case of conversion into Base Rate Loans, 10:00 A.M., Chicago time, on the proposed date of such conversion and (ii) in the case of conversion into or continuation of SOFR Loans, 10:00 A.M., Chicago time, at least three (3) Business Days prior to the proposed date of such conversion or continuation, specifying in each case:: 42

Conversion and Continuation Procedures. (ia) Subject to Section 2.2(a)2.5.1, Borrower may, upon irrevocable written notice to Administrative Agent in accordance with clause (b) below: (1i) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and a higher integral multiple of $500,000) into Loans of the other type; or (2ii) elect, as of the last day of the applicable Term SOFR Interest Period, to continue any SOFR LIBOR Loans bearing interest based on Term SOFR having Term SOFR Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000) for a new Term SOFR Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of SOFR LIBOR Loans bearing interest based on Term SOFR shall be at least $1,000,000 and an integral multiple of $500,000. (iib) Borrower shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F C or telephonic notice (followed immediately by a Notice of Conversion/Continuation) to Administrative Agent of each proposed conversion or continuation not later than (i) in the case of conversion into Base Rate Loans, 10:00 11:00 A.M., Chicago time, on the proposed date of such conversion conversion, and (ii) in the case of conversion into or continuation of SOFR LIBOR Loans, 10:00 11:00 A.M., Chicago time, at least three (3) Business Days prior to the proposed date of such conversion or continuation, specifying in each case:

Conversion and Continuation Procedures. (ia) Subject to Section 2.2(a)2.5.1, Borrower Borrowers may, upon irrevocable written notice to Agent Lender in accordance with clause (b) below: (1i) elect, as of any Business Day, to convert any Loans (or any part thereof in an aggregate amount not less than $1,000,000 and a higher integral multiple of $500,000250,000) into Loans of the other type; or (2ii) elect, as of the last day of the applicable Term SOFR Interest Period, to continue any SOFR LIBOR Loans bearing interest based on Term SOFR having Term SOFR Interest Periods expiring on such day (or any part thereof in an aggregate amount not less than $1,000,000 or a higher integral multiple of $500,000250,000) for a new Term SOFR Interest Period; provided that after giving effect to any prepayment, conversion or continuation, the aggregate principal amount of each Group of SOFR LIBOR Loans bearing interest based on Term SOFR shall be at least $1,000,000 and an integral multiple of $500,000250,000. (iib) Borrower Borrowers shall give written notice (each such written notice, a “Notice of Conversion/Continuation”) substantially in the form of Exhibit F C or telephonic notice (followed immediately promptly by a Notice of Conversion/Continuation) to Agent Lender of each proposed conversion or continuation not later than (i) in the case of conversion into Base Prime Rate Loans, 10:00 11:00 A.M., Chicago time, on the proposed date of such conversion conversion, and (ii) in the case of conversion into or continuation of SOFR LIBOR Loans, 10:00 11:00 A.M., Chicago time, at least three (3) Business Days prior to the proposed date of such conversion or continuation, specifying in each case: