Common use of Conversion and Reborrowing of Loans Clause in Contracts

Conversion and Reborrowing of Loans. (a) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(b) hereof, at any time be converted by Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(b), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 hereof. (b) In the event that (i) Borrower fails to give notice pursuant to Paragraph 2.3 hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (ii) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower may not have outstanding at any one time more than (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.

Conversion and Reborrowing of Loans. (ai) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(bPARAGRAPHS 6B AND 6C(ii) hereof, at any time be converted by Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(bPARAGRAPH 6C(ii), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank Agent notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 PARAGRAPH 6B hereof. (bii) In the event that (ix) Borrower fails to give notice pursuant to Paragraph 2.3 PARAGRAPH 6B hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (iiy) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 PARAGRAPH 10B hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower may not have outstanding at any one time more than (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.

Conversion and Reborrowing of Loans. (a) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(b4.1(a) hereof, at any time be converted by any Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(b4.1(c), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 hereof. (b) In the event that (i) Borrower Representative fails to give notice pursuant to Paragraph 2.3 hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (ii) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c4.1(d) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 9.3 hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower Borrowers may not have outstanding at any one time more than four (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.4)

Conversion and Reborrowing of Loans. (ai) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(bPARAGRAPHS 2B AND 3C(ii) hereof, at any time be converted by Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(bPARAGRAPH 3C(ii), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank Agent notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 PARAGRAPH 2B hereof. (bii) In the event that (ix) Borrower fails to give notice pursuant to Paragraph 2.3 PARAGRAPH 2B hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (iiy) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 10B hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower may not have outstanding at any one time more than (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.

Conversion and Reborrowing of Loans. (ai) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(bPARAGRAPHS 4-2B AND 4-2C(ii) hereof, at any time be converted by Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(bPARAGRAPH 4-2C(ii), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank LNB notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 PARAGRAPH 4-2B hereof. (bii) In the event that (ix) Borrower fails to give notice pursuant to Paragraph 2.3 PARAGRAPH 4-2B hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (iiy) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(cPARAGRAPHS 4-2C(ii) (in the case of subpart IN THE CASE OF SUBPART (iiy) of this Paragraph 4.3(b)OF THIS PARAGRAPH 4-2E(ii) and 8.3 AND 8B hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower may not have outstanding at any one time more than (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.

Conversion and Reborrowing of Loans. (a) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(b-------------- 4.1 (a) hereof, at any time be converted by any Borrower to LIBOR ------ Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(b4.1(c), any LIBOR Loan from any current ---------------- Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank Agent notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 hereof.. ------------- (b) In the event that (i) Borrower Representative fails to give notice pursuant to Paragraph 2.3 hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (ii) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c---------- 4.1(d) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 ------ ---------------- 9.3 hereof if an Event of Default has occurred and is continuing, --- whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained herein to the contrary, Borrower Borrowers may not have outstanding at any one time more than four (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.4)

Conversion and Reborrowing of Loans. (a) Provided that no Event of Default has occurred and is continuing, Base Rate Loans may, subject to Paragraphs 2.3 and 4.1(b) hereof, at any time be converted by Borrower to LIBOR Loans, which LIBOR Loans shall mature and become due and payable on the last day of the Interest Period applicable thereto. Provided that no Event of Default has occurred and is continuing, Borrower shall have the right, subject to the terms and conditions of this Agreement, to reborrow through a new LIBOR Loan in whole or in part, subject to Paragraph 4.1(b), any LIBOR Loan from any current Interest Period into a subsequent Interest Period, provided that Borrower shall give Bank notice of the reborrowing of any such LIBOR Loan as provided in Paragraph 2.3 hereof. (b) In the event that (i) Borrower fails to give notice pursuant to Paragraph 2.3 hereof of the reborrowing of any LIBOR Loan or fails to specify the Interest Period applicable to such reborrowing or (ii) an Event of Default has occurred and is continuing at the time any such LIBOR Loan is to be reborrowed hereunder, then such LIBOR Loan shall be automatically reborrowed as a Base Rate Loan, subject to Paragraphs 4.1(c) (in the case of subpart (ii) of this Paragraph 4.3(b)) and 8.3 hereof if an Event of Default has occurred and is continuing, whichever is applicable, unless the relevant LIBOR Loan is paid in full on the last day of the then applicable Interest Period. (c) Notwithstanding anything contained continued herein to the contrary, Borrower may not have outstanding at any one time more than (i) three (3) LIBOR Loans in respect of the Revolving Credit Commitment and (ii) five (5) LIBOR Loans in respect of the Term Loan Commitment.