Conversion of Base Rate Loans. In the event that any Base Rate Loan is outstanding at any time when the relevant circumstances described in subsections 2.6A or 2.6B,as the case may be, cease to be applicable, the respective Lender or Lenders or Paying Agent (as applicable) shall give prompt notice thereof to Company and Paying Agent (as applicable) and, subject to the provisions of subsection 2.6G, (i) if any Eurodollar Rate Loans are outstanding at that time from Lenders who were not affected by such circumstances or as a result of the application of the following clause (ii)), then on the last day of the Interest Period then applicable thereto, the Base Rate Loans of the respective affected Lender or Lenders to which the circumstances described above have ceased to be applicable shall be converted into (and thereafter shall form a part of) the Eurodollar Rate Loans (until such time, if any, as subsection 2.6A or 2.6B shall thereafter become applicable) and (ii) if no Eurodollar Rate Loans remain outstanding at such time, then on the third Business Day thereafter the Base Rate Loans of the respective Lender or Lenders to which the circumstances described above shall cease to be applicable shall be converted into Eurodollar Rate Loans (with an Interest Period of three months beginning on said third Business Day).
Conversion of Base Rate Loans. Provided that no Event of Default has occurred which is then continuing, Borrower may, on any Business Day, convert any Base Rate Loan into a Eurodollar Loan. If Borrower desires to convert a Base Rate Loan, Borrower shall give Agent not less than three (3) Business Days' prior written notice (prior to 11:00 A.M. New York time on such Business Day), specifying the date of such conversion and the amount to be converted. Each conversion into or conversion of a Eurodollar Loan shall be in a minimum principal amount of $500,000 and may increase in integral multiples of $100,000 in excess thereof. After giving effect to any conversion of Base Rate Loans to Eurodollar Loans, Borrower shall not be permitted to have outstanding at any one time Eurodollar Loans with more than 4 different Interest Periods.
Conversion of Base Rate Loans. Provided that no Default or Event of Default has occurred which is then continuing, Borrower Representative may, on any Business Day, convert any Base Rate Loan into a LIBOR Loan. If Borrower Representative desires to convert a Base Rate Loan, Borrower Representative shall give Administrative Agent not less than three (3) Business Days' prior written notice (prior to 10:00 a.m. Los Angeles time on such Business Day), specifying the date of such conversion, the amount to be converted, and the length of the Interest Period. Each conversion into or conversion of a LIBOR Loan shall be in a minimum principal amount of $1,000,000 and may increase in integral multiples of $100,000 in excess thereof. After giving effect to any conversion of Base Rate Loans to LIBOR Loans, Domestic Borrowers shall not be permitted to have outstanding at any one time in the aggregate for all Domestic Borrowers more than five (5) different LIBOR Loans.
Conversion of Base Rate Loans. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, U.S. Borrower may, on any Business Day, convert any Base Rate Loan into a LIBOR Loan. If U.S. Borrower desires to convert a Base Rate Loan, U.S. Borrower shall give Administrative Agent a LIBOR Request no later then 11:00 a.m. (Chicago time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Loans to LIBOR Loans, U.S. Borrower shall not be permitted to have outstanding at any one time LIBOR Loans with more than six (6) different Interest Periods.
Conversion of Base Rate Loans. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists or, if a Default or Event of Default exists, neither Administrative Agent nor Majority Revolving Credit Lenders have elected to suspend the LIBOR Option during the continuance of such Default or Event of Default, Borrower Representative may, on any Business Day, convert any Base Rate Loan into a LIBOR Loan. If Borrower Representative desires to convert a Base Rate Loan, Borrower Representative shall give Administrative Agent a LIBOR Request no later then 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested conversion date. After giving effect to any conversion of Base Rate Loans to LIBOR Loans, Borrowers shall not be permitted to have outstanding at any one time LIBOR Loans with more than seven (7) different Interest Periods.
Conversion of Base Rate Loans. The first sentence of Section 3.1.8 of the Loan Agreement is hereby amended in its entirety to read as follows: "Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists or, if a Default or Event of Default exists, neither Administrative Agent nor Majority Revolving Credit Lenders (with respect to Revolving Credit Loans) or Majority Term Loan B Lenders (with respect to the Term Loan B) have elected to suspend the LIBOR Option during the continuance of such Default or Event of Default, Borrower Representative may, on any Business Day, convert any Base Rate Loan into a LIBOR Loan."
