Common use of Conversion/Continuation of Loans Clause in Contracts

Conversion/Continuation of Loans. (i) Subject to the provisions of Sections 2.12 and 2.13, Borrowers' Representative shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Libor Rate Loans or (B) to convert all or any part of outstanding Libor Rate Loans having Interest Periods which expire on the same date to Base Rate Loans on such expiration date; or (C) to continue all or any part of outstanding Libor Rate Loans having Interest Periods which expire on the same date as Libor Rate Loans, and the succeeding Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Libor Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 2.12 or 2.13 or (ii) if a Default or Event of Default would occur as a result thereof or has occurred and is continuing. Any conversion into or continuation of Libor Rate Loans under this Section 2.6(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Conversion/Continuation of Loans. (i) Subject to the provisions of Sections 2.12 2.11 and 2.132.12, Borrowers' Representative Agent shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Libor Rate Eurodollar Loans or (B) to convert all or any part of outstanding Libor Rate Eurodollar Loans having Interest Periods which expire on the same date to Base Rate Loans on such expiration date; or (C) to continue all or any part of outstanding Libor Rate Eurodollar Loans having Interest Periods which expire on the same date as Libor Rate Eurodollar Loans, and the succeeding Interest Period of such continued Loans shall commence on such expiration date; provided, however, no such outstanding Loan may be continued as, or be converted into, a Libor Rate Eurodollar Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 2.11 or 2.12 or 2.13 or (ii) if a Default or Event of Default would occur as a result thereof or has occurred and is continuing. Any conversion into or continuation of Libor Eurodollar Rate Loans under this Section 2.6(c2.5(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Conversion/Continuation of Loans. 18 26 (i) Subject to the provisions of Sections 2.12 2.14 and 2.132.15, Borrowers' Representative shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Libor Rate Revolving Credit Eurodollar Loans or (B) to convert all or any part of outstanding Libor Rate Revolving Credit Eurodollar Loans having Interest Periods which expire on the same date to Base Rate Loans on such expiration date; or (C) to continue all or any part of outstanding Libor Rate Revolving Credit Eurodollar Loans having Interest Periods which expire on the same date as Libor Rate Revolving Credit Eurodollar Loans, and the succeeding Interest Period of such continued Revolving Credit Eurodollars Loans shall commence on such expiration date; provided, however, no such outstanding Revolving Credit Eurodollars Loan may be continued as, or be converted into, a Libor Rate Revolving Credit Eurodollar Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 2.12 2.14 or 2.13 2.15 or (ii) if a Default or Event of Default would occur as a result thereof or has occurred and is continuing. Any conversion into or continuation of Libor Revolving Credit Eurodollar Rate Loans under this Section 2.6(c2.8(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.

Conversion/Continuation of Loans. (i) Subject to the provisions of Sections 2.12 2.14 and 2.132.15, Borrowers' Representative shall have the option (A) to convert at any time all or any part of outstanding Base Rate Loans to Libor Rate Loans or (B) to convert all or any part of outstanding Libor Rate Loans having Interest Periods which expire on the same date to Base Rate Loans on such expiration date; or (C) to continue all or any part of outstanding Libor Rate Loans having Interest Periods which expire on the same date as Libor Rate Loans, and the succeeding Interest Period of such continued Libor Loans shall commence on such expiration date; provided, however, no such outstanding Libor Loan may be continued as, or be converted into, a Libor Rate Loan (i) if the continuation of, or the conversion into, would violate any of the provisions of Section 2.12 2.14 or 2.13 2.15 or (ii) if a Default or Event of Default would occur as a result thereof or has occurred and is continuing. Any conversion into or continuation of Libor Rate Loans under this Section 2.6(c2.8(c) shall be in a minimum amount of $1,000,000 and in integral multiples of $100,000 in excess of that amount, except in the case of a conversion into or a continuation of an entire Borrowing of Non Pro Rata Loans.