Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Period, the Administrative Agent may request (with notice to the Borrower and the Services Provider) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan equal to such Requested Conversion Portion.
Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Period, the Majority Lenders may request (with notice to the Administrative Agent, Borrower, the applicable Lenders and the Services Provider) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan equal to such Requested Conversion Portion.
Conversion of Revolving Loans to Term Loans. (i) At any time during the Revolving Period, any Revolving Lender may request (with notice to the Borrower and the Servicer) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a Term Loan equal to such Requested Conversion Portion.
Conversion of Revolving Loans to Term Loans. (i) At any time during the Revolving Period, the Agent may request (with notice to the Borrower, the Servicer and the Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a Term Loan equal to such Requested Conversion Portion, subject to the prior written consent of the Borrower in accordance with Section 2.4(c)(ii).
Conversion of Revolving Loans to Term Loans. (i) At any time during the Revolving Period, the Agent may request (with notice to the Borrower, the Servicer and the Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a Term Loan equal to such Requested Conversion Portion, subject to the prior written consent of the Borrower and the applicable Revolving Lender(s) in accordance with Section 2.4(c)(ii); provided that, on July 26, 2024, $100,000,000 of the outstanding Revolving Loans shall be automatically converted to Term Loans without the prior written consent of the Borrower.
Conversion of Revolving Loans to Term Loans. On the Effective Date, certain revolving loans advanced under the Existing Credit Agreement, in the aggregate principal amount of $12,775,000, shall automatically, without further action, be deemed to be a Term Loan outstanding under this Agreement.
Conversion of Revolving Loans to Term Loans. (a) The aggregate principal amount of the Revolving Loans outstanding on the Revolving Commitment Termination Date shall be converted into, and the Banks shall be deemed to have made, term loans to the Borrower on the Revolving Commitment Termination Date in an aggregate principal amount equal to the aggregate principal amount of the Revolving Loans so converted ("Term Loans"). The Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 3.6.
Conversion of Revolving Loans to Term Loans. (a) At least 60 but not more than 90 days prior to the Revolving Commitment Termination Date, the Borrower, by delivering a written request to the Administrative Agent (a "Term Loan Conversion Request"), may request that on the Revolving Commitment Termination Date, all or a portion of the outstanding Revolving Loans and Swingline Loans be converted into Term Loans, to be funded by the Lenders pro rata based on their Pro Rata Shares of the Revolving Credit Exposure on the Revolving Credit Termination Date (the "Term Loan Conversion Option"); provided, however, that the Term Loan Conversion Option will not be available to the Borrower if (i) any Default or Event of Default shall have occurred and be continuing, or (ii) the Revolving Commitment Termination Date for any portion of the Revolving Commitments shall have been extended pursuant to Section 2.24, or otherwise. The Term Loan Conversion Request shall include the dollar amount of all outstanding Revolving Loans and Swingline Loans that the Borrower is requesting to be converted. Any outstanding Obligations that are not converted to Term Loans pursuant to this Section shall be due and payable in full on the Revolving Commitment Termination Date. Upon receipt of such Term Loan Conversion Request, the Administrative Agent shall promptly deliver copies thereof to the Lenders.
