Common use of Conversion/Continuation Option Clause in Contracts

Conversion/Continuation Option. The Borrowers may elect (a) at any time to convert Loans from Base Rate Loans to Federal Funds Loans or Eurodollar Rate Loans or (b) at the end of any Interest Period with respect to Eurodollar Rate Loans, to convert Eurodollar Rate Loans to Federal Funds Rate Loans or Base Rate Loans, or to continue such Eurodollar Rate Loans for an additional Interest Period, or (c) at the end of any Interest Period to convert Federal Funds Rate Loans to Base Rate Loans or Eurodollar Rate Loans, or to continue such Federal Funds Rate Loans for an additional Interest Period. Each such election shall be in substantially the form of EXHIBIT F hereto (a "Notice of Conversion or Continuation") and shall be made by giving the Agent at least (x) in the case of conversions to or continuations of Eurodollar Rate Loans, three Business Days' prior written notice thereof and (y) in the case of conversions to, or continuations of, Federal Funds Rate Loans or Base Rate Loans, one Business Day's prior written notice thereof, specifying: (i) the amount of conversion or continuation, (ii) the Interest Period therefor, and (iii) in the case of a conversion, the date of conversion, which date shall be a Business Day. The Agent shall promptly notify each Bank of its receipt of a Notice of Conversion or Continuation and of the contents thereof. Notwithstanding the foregoing, no conversion of Base Rate Loans to either Federal Funds Rate Loans or Eurodollar Rate Loans, and no continuation of either Federal Funds Rate Loans or Eurodollar Rate Loans upon the expiration of any Interest Period therefor, shall be permitted at any time at which a Default or an Event of Default shall have occurred and be continuing. If, within the time period required under the term of this Section 2.12, the Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing an election to continue either Federal Funds Rate Loans or Eurodollar Rate Loans for an additional Interest Period or to convert such Loans to another Type, then, upon the expiration of the Interest Period therefor, such Loans will be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.

Conversion/Continuation Option. The Borrowers Borrower may elect (a) at any time to convert Loans from Base Rate Loans to Federal Funds Rate Loans or Eurodollar Rate Loans or (b) at the end of any Interest Period with respect to Eurodollar Rate Loans, to convert Eurodollar Rate Loans to Federal Funds Rate Loans or Base Rate Loans, or to continue such Eurodollar Rate Loans for an additional Interest Period, or (c) at the end of any Interest Period with respect to Federal Funds Rate Loans to convert Federal Funds Rate Loans to Base Rate Loans or Eurodollar Rate Loans, or to continue such Federal Funds Rate Loans for an additional Interest Period. Each such election shall be in substantially the form of EXHIBIT F D hereto (a "Notice of Conversion or Continuation") and shall be made by giving the Agent at least (x) in the case of conversions to or continuations of Eurodollar Rate Loans, three Business Days' prior written notice thereof and (y) in the case of conversions to, or continuations of, Federal Funds Rate Loans or Base Rate Loans, one Business Day's prior written notice thereof, specifying: (i) whether the Loan is a Facility A Loan or a Facility B Loan, (ii) the amount of conversion or continuation, (iiiii) the Interest Period therefor, and (iiiiv) in the case of a conversion, the date of conversion, which date shall be a Business Day. The Agent shall promptly notify each Bank Facility A Lender or Facility B Lender, as appropriate, of its receipt of a Notice of Conversion or Continuation and of the contents thereof. Notwithstanding the foregoing, no conversion of Base Rate Loans to either Federal Funds Rate Loans or Eurodollar Rate Loans, and no continuation of either Federal Funds Rate Loans or Eurodollar Rate Loans upon the expiration of any Interest Period therefor, shall be permitted at any time at which a Default or an Event of Default shall have occurred and be continuing. If, within the time period required under the term terms of this Section 2.122.11, the Agent does not receive a Notice of Conversion or Continuation from the Borrowers Borrower containing an election to continue either Federal Funds Rate Loans or Eurodollar Rate Loans for an additional Interest Period or to convert such Loans to another Type, then, upon the expiration of the Interest Period therefor, such Loans will be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.

Conversion/Continuation Option. The Borrowers Borrower may elect (a) at any time to convert Loans from Base Rate Loans to Federal Funds Rate Loans or Eurodollar Rate Loans or (b) at the end of any Interest Period with respect to Eurodollar Rate Loans, to convert Eurodollar Rate Loans to Federal Funds Rate Loans or Base Rate Loans, or to continue such Eurodollar Rate Loans for an additional Interest Period, or (c) at the end of any Interest Period with respect to Federal Funds Rate Loans to convert Federal Funds Rate Loans to Base Rate Loans or Eurodollar Rate Loans, or to continue such Federal Funds Rate Loans for an additional Interest Period. Each such election shall be in substantially the form of EXHIBIT Exhibit F hereto (a "Notice of Conversion or Continuation") and shall be made by giving the Agent at least (x) in the case of conversions to or continuations of Eurodollar Rate Loans, three Business Days' prior written notice thereof and (y) in the case of conversions to, or continuations of, Federal Funds Rate Loans or Base Rate Loans, one Business Day's prior written notice thereof, specifying: (i) the amount of conversion or continuation, (ii) the Interest Period therefor, and (iii) in the case of a conversion, the date of conversion, which date shall be a Business Day. The Agent shall promptly notify each Bank of its receipt of a Notice of Conversion or Continuation and of the contents thereof. Notwithstanding the foregoing, no conversion of Base Rate Loans to either Federal Funds Rate Loans or Eurodollar Rate Loans, and no continuation of either Federal Funds Rate Loans or Eurodollar Rate Loans upon the expiration of any Interest Period therefor, shall be permitted at any time at which a Default or an Event of Default shall have occurred and be continuing. If, within the time period required under the term terms of this Section 2.122.11, the Agent does not receive a Notice of Conversion or Continuation from the Borrowers Borrower containing an election to continue either Federal Funds Rate Loans or Eurodollar Rate Loans for an additional Interest Period or to convert such Loans to another Type, then, upon the expiration of the Interest Period therefor, such Loans will be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.

Conversion/Continuation Option. (a) The Borrowers Borrower may elect (ai) at any time on any U.S. Government Securities Business Day, to convert Loans from Base Rate Loans (other than Swing Loans) or any portion thereof to Federal Funds Term SOFR Loans or Eurodollar Daily Simple SOFR Loans, (ii) (A) at any time on any U.S. Government Securities Business Day, to convert Daily Simple SOFR Loans or any portion thereof to Term SOFR Loans and (B) at any time on any Business Day, to convert Daily Simple SOFR Loans or any portion thereof to Base Rate Loans or and (biii) at the end of any applicable Interest Period with respect Period, to Eurodollar convert Term SOFR Loans or any portion thereof into Base Rate Loans or Daily Simple SOFR Loans or to continue any (x) Term SOFR Loans or (y) EURIBOR Rate Loans, to convert Eurodollar Rate Loans to Federal Funds Rate Loans or Base Rate Loansor, or to continue such Eurodollar Rate Loans in each case, any portion thereof, for an additional Interest Period; provided, or (c) at however, that the end aggregate amount of any Interest Period to convert Federal Funds Rate Loans to Base Rate Term SOFR Loans or Eurodollar Rate Loans, or to continue such Federal Funds EURIBOR Rate Loans for an additional each Interest PeriodPeriod must be in the amount of the applicable Minimum Threshold. Each conversion or continuation shall be allocated among the Loans of each Revolving Credit Lender in accordance with such Revolving Credit Lender’s Ratable Portion. Each such election shall be in substantially the form of EXHIBIT Exhibit F hereto (a "Form of Notice of Conversion or Continuation") (a “Notice of Conversion or Continuation”) and shall be made by giving the Administrative Agent at least (xi) three U.S. Government Securities Business Days’ prior written notice in the case of Term SOFR Loans, (ii) three U.S. Government Securities Business Days’ prior written notice in the case of Daily Simple Term SOFR Loans and (iii) three Business Days’ prior written notice in the case of EURIBOR Rate Loans, in each case, specifying (A) the amount and type of Loan being converted or continued, (B) in the case of conversions a conversion to or continuations a continuation of Eurodollar Term SOFR Loans or EURIBOR Rate Loans, three Business Days' prior written notice thereof as applicable, the applicable Interest Period and (y) in the case of conversions to, or continuations of, Federal Funds Rate Loans or Base Rate Loans, one Business Day's prior written notice thereof, specifying: (i) the amount of conversion or continuation, (ii) the Interest Period therefor, and (iiiC) in the case of a conversion, the date of such conversion, which date shall be a Business Day. AMENDED AND RESTATED CREDIT AGREEMENT XXXXX HEALTHCARE CORPORATION (b) The Administrative Agent shall promptly notify each Bank Lender of its receipt of a Notice of Conversion or Continuation pursuant to Section 2.11(a) above and of the contents thereofoptions selected therein. Notwithstanding the foregoing, (i) no conversion in whole or in part of Base Rate Loans to either Federal Funds Rate Term SOFR Loans or Eurodollar Rate Loans, Daily Simple SOFR Loans and no continuation in whole or in part of either Federal Funds Rate Revolving Loans denominated in an Alternative Currency (other than to Revolving Loans having an Interest Period of one week or Eurodollar Rate Loans one month, if applicable) upon the expiration of any applicable Interest Period therefor, shall be permitted at any time at which (A) a Default or an Event of Default shall have occurred and be continuing. Ifcontinuing or (B) the continuation of, within the time period required under the term or conversion to, a Term SOFR Loan or a Daily Simple SOFR Loan would violate any provision of this Section 2.12, the Agent does not receive a Notice of Conversion or Continuation from the Borrowers containing an election to continue either Federal Funds Rate Loans or Eurodollar Rate Loans for an additional Interest Period or to convert such Loans to another Type, then, upon the expiration of the Interest Period therefor, such Loans will be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.2.14 (