Common use of Conversion of Revolving Loans to Term Loans Clause in Contracts

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, the Services Provider and each Revolving Lender) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the applicable Lenders and the Services Provider and each Revolving LenderProvider) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, Borrower and the Services Provider and each Revolving LenderProvider) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Period, the Administrative Agent Majority Lenders may request (with notice to the Administrative Agent, Borrower, the applicable Lenders and the Services Provider and each Revolving LenderProvider) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, Borrower and the Services Provider and each Revolving LenderCollateral Manager) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has has, in its sole discretion, given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, Borrower and the Services Provider and each Revolving LenderProvider) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, Borrower and the Services Provider and each Revolving LenderCollateral Manager) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has has, in its sole discretion, given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced on a pro rata basis by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced on a pro rata basis by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment PeriodRevolving Period with the prior written consent of the Borrower, the Administrative Agent any Revolving Lender may request (with notice to the Borrower, the Services Provider Servicer and each Revolving Lenderthe Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basisPortion in accordance with Section 2.4(c)(ii). (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the Services Provider and each Revolving Lender) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the Services Provider Collateral Manager, the Collateral Agent and each Revolving Lenderthe Collateral Administrator) 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; provided that any such request shall be made , subject to each Revolving Lender on a pro rata basisthe prior written consent of the Borrower in accordance with Section 2.7(b)(ii). (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the Services Provider Collateral Agent and each Revolving Lenderthe Servicer) or the Borrower may request (with notice to the Administrative Agent, the Collateral Agent and the Servicer) that any portion (such portion, the “"Requested Conversion Portion”") of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower has requested (and a Revolving Lender the Administrative Agent has given its prior written consent to consent), or the Administrative Agent has requested (and the Borrower has given its prior written consent), a conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s 's Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Loan Note evidencing such Lender’s 's Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Loan Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist. (v) The Borrower shall provide notice to S&P of any Revolving Loans (or portion thereof) converted into a Term Loan pursuant to this Section 2.7(b). The Borrower shall provide notice of the appropriate changes to the Commitment Schedule to the Agents, S&P and the Lenders and the Administrative Agent shall make appropriate entries with respect thereto in the Register.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, the Services Provider Servicer and each Revolving Lenderthe Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan 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 any such request that, on JulyOctober 26, 2024, $100,000,000 of the outstanding Revolving Loans shall be made automatically converted to each Revolving Lender on a pro rata basisTerm Loans without the prior written consent of the Borrower. (ii) If, on a proposed Conversion Date, the Borrower and a each applicable Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the applicable Lenders and the Services Provider and each Revolving LenderProvider) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving LenderXxxxxx’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, the Services Provider Servicer and each Revolving Lenderthe Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made , subject to each Revolving Lender on a pro rata basisthe prior written consent of the Borrower in accordance with Section 2.4(c)(ii). (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has has, in its sole discretion, given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent any Revolving Lender may request (with notice to the Borrower, Borrower and the Services Provider and each Revolving LenderServicer) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, the Services Provider Servicer and each Revolving Lenderthe Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made , subject to each the prior written consent of the Borrower and the applicable Revolving Lender on a pro rata basisLender(s) in accordance with Section 2.4(c)(ii). (ii) If, on a proposed Conversion Date, the Borrower and a each applicable Revolving Lender in its sole discretion has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced on a pro rata basis by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced on a pro rata basis by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

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, the Lenders and the Services Provider and each Revolving LenderProvider) that any portion (such portionportion to be applied on a pro rata basis among the Lenders, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan equal to such Requested Conversion Portion; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent, such consent to be given in the Borrower’s sole discretion, to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Period, the Administrative Agent may request (with notice to the BorrowerBorrower and, the Services Provider and each Revolving Lender) 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; provided that any such request shall be made to each Revolving Lender on a pro rata basis. (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent may request (with notice to the Borrower, the Services Provider Servicer and each Revolving Lenderthe Collateral Agent) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan 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 any such request that, on July 26, 2024, $100,000,000 of the outstanding Revolving Loans shall be made automatically converted to each Revolving Lender on a pro rata basisTerm Loans without the prior written consent of the Borrower. (ii) If, on a proposed Conversion Date, the Borrower and a each applicable Revolving Lender has has, in its sole discretion, given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion Date, then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.

Conversion of Revolving Loans to Term Loans. (i) At any time during the Commitment Revolving Period, the Administrative Agent any Revolving Lender may request (with notice to the Borrower, Borrower and the Services Provider and each Revolving LenderServicer) that any portion (such portion, the “Requested Conversion Portion”) of the outstanding Revolving Loans be converted to a term loan Term Loan equal to such Requested Conversion Portion; provided that any such request shall be made Portion subject to each Revolving Lender on a pro rata basisprior written consent of the Borrower in accordance with Section 2.4(c)(ii). (ii) If, on a proposed Conversion Date, the Borrower and a Revolving Lender has given its prior written consent to conversion of the Requested Conversion Portion into a Term Loan as of a such Conversion DateDate (which, for the avoidance of doubt, may be withheld by the Borrower in its sole and absolute discretion), then, on such Conversion Date, (A) the outstanding principal amount of the applicable Revolving Lender’s Revolving Loans shall be reduced by the Requested Conversion Portion and the amount of such reduction shall be converted into a Term Loan equal to such Requested Conversion Portion and (B) the Revolving Commitments of such Lender shall be permanently reduced by such Requested Conversion Portion; provided that, in each case, all conversions of the Requested Conversion Portion shall be applied to the outstanding Revolving Loans of each consenting Revolving Lender on a pro rata basis. (iii) For all purposes hereunder, the Revolving Loans converted on each Conversion Date shall, as of such date, constitute and be referred to and treated for all purposes as a Term Loan hereunder. Any converting Lender and the Borrower shall cooperate to evidence the repayment and cancellation of any related Note evidencing such Lender’s Revolving Loans (or portion thereof) being converted into a Term Loan, as well as the issuance of any related Note evidencing the Term Loans pursuant to Section 2.3(d). (iv) The Borrower will not convert any Revolving Loans to Term Loans if, after giving effect to such conversion, a Commitment Shortfall would exist.