Common use of Conversion of Revolving Loans Clause in Contracts

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan may be converted into a LIBOR Loan during the continuance of an Event of Default. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number specified in Section 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no Notice of Revolving Loan Conversion shall be deemed effective until received by first-class mail or facsimile in accordance with the immediately preceding sentence. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower Borrowers may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Base Rate Loan into a LIBOR Loan shall be in the amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and any conversion of a LIBOR Loan into a Base Rate Loan shall be in the amount of $3,000,000 or an integral multiple of $500,000 in excess thereof; provided, further, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of DefaultDefault and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrower Borrowers shall request such a conversion by delivering to the Administrative Agent an irrevocable written notice to the Administrative Agent substantially in the form of Exhibit BB (a “Notice of Conversion”), duly executed by a Responsible Officer of the Borrower Borrowers and appropriately completed (or shall notify the Administrative Agent by telephone, to be promptly confirmed by the delivery to the Administrative Agent of a "signed Notice of Revolving Loan Conversion", which may be delivered by facsimile, e-mail or other web-based communication), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted, as applicable; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower Borrowers for such LIBOR Loans in accordance with Section 2.01(e2.01(f); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower Borrowers shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. 1:00 p.m. at least three (3) Business Days before the date of the requested conversionconversion of a Base Rate Loan into a LIBOR Loan or at least one (1) Business Day before the date of the requested conversion of a LIBOR Loan into a Base Rate Loan. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no the Borrowers shall promptly deliver to the Administrative Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Conversion relating to Revolving Loan ConversionLoans.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert all Revolving Loans in any Revolving Loan Borrowing from one Type consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing to the other Typeconsisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that no Base any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loan may Loans shall be converted into a LIBOR Loan during made on, and only on, the continuance last day of an Event of DefaultInterest Period for such Revolving LIBOR Loans. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing Loans into which such Revolving Loan Borrowing is Loans are to be converted; (iii) If such Revolving Loan Borrowing is Loans are to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Revolving Loans in accordance with Section Subparagraph 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days before the date of the requested conversionconversion in the case of a conversion into Revolving LIBOR Loans and at least one (1) Business Day before the date of the requested conversion in the case of a conversion into Revolving Prime Rate Loans. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section Paragraph 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no Borrower shall promptly deliver to Administrative Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender Bank no later than 5:00 p.m. California time on the date of the contents receipt of each such Notice of Revolving Loan Conversion of the contents thereof and of the amount and Type of each Revolving Loan to be converted by such Bank as part of the requested Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13the amount limitations set forth in SUBPARAGRAPH 2.01(b) above, the Borrower may convert all, or any part of, any Revolving Loan Base Rate Loans in a Borrowing from one Type into Revolving LIBOR Loans and all, or any part of, any Revolving LIBOR Loans in a Borrowing into Revolving Base Rate Loans; PROVIDED, HOWEVER, that any conversion of Revolving Loan Borrowing to the other Type; provided, however, that no LIBOR Loans into Revolving Base Rate Loan may Loans shall be converted into a LIBOR Loan during made on, and only on, the continuance last day of an Event of DefaultInterest Period for such Revolving LIBOR Loans. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit EXHIBIT B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan ConversionNOTICE OF REVOLVING LOAN CONVERSION"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing Loans into which such Revolving Loan Borrowing is Loans are to be converted; (iii) If such Revolving Loan Borrowing is Loans are to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Revolving Loans in accordance with Section SUBPARAGRAPH 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days before the date of the requested conversionconversion in the case of a conversion into Revolving LIBOR Loans, and on or before 11:00 a.m. on the date of the requested conversion in the case of a conversion into Revolving Base Rate Loans. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail telephone and confirmed on the same day by facsimile (which in the case of conversion into Revolving Base Rate Loans shall be received on or facsimile before 11:00 a.m. on the day of the requested conversion) to the Administrative Agent at the office or to the facsimile telephone number and during the hours specified in Section PARAGRAPH 8.01. The ; PROVIDED, HOWEVER, that Borrower may provide the Administrative shall promptly deliver to Agent with telephonic an original written notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no any Notice of Revolving Loan Conversion which written notice shall be deemed effective until received by first-class mail or facsimile in accordance with mailed on the immediately preceding sentencesame day. The Administrative Agent shall promptly notify each Lender Bank of the contents of each Notice of Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Base Rate Loan into a LIBOR Loan shall be in the amount of $3,000,000 or an integral multiple of $500,000 in excess thereof and any conversion of a LIBOR Loan into a Base Rate Loan shall be in the amount of $1,000,000 or an integral multiple of $500,000 in excess thereof; provided, further, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of DefaultDefault and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrower shall request such a conversion by delivering to the Administrative Agent an irrevocable written notice to the Administrative Agent substantially in the form of Exhibit BB (a “Notice of Conversion”), duly executed by a Responsible Officer of the Borrower and appropriately completed (or shall notify the Administrative Agent by telephone, to be promptly confirmed by the delivery to the Administrative Agent of a "signed Notice of Revolving Loan Conversion", which may be delivered by facsimile), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted, as applicable; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 11:00 a.m. at least three (3) Business Days before the date of the requested conversionconversion of a Base Rate Loan into a LIBOR Loan or vice versa. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no the Borrower shall promptly deliver to the Administrative Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Conversion relating to Revolving Loan ConversionLoans.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of DefaultDefault and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "“Notice of Revolving Loan Conversion"”), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 9:00 a.m. at least three (3) Business Days before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail facsimile or facsimile by email by a Responsible Officer of the Borrower to the Administrative Agent at the office or to the facsimile number or email address and during the hours specified in Section 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no in the case of delivery by email, the Borrower shall promptly, and in any event within twenty-four hours after such email delivery, deliver to the Administrative Agent a facsimile of such Notice of Revolving Loan Conversion shall be deemed effective until received executed by first-class mail or facsimile in accordance with the immediately preceding sentenceResponsible Officer of the Borrower who sent the email Notice of Revolving Loan Conversion. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert all Revolving Loans in any Revolving Loan Borrowing from one Type consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing to the other Typeconsisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that no Base any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loan may Loans shall be converted into a LIBOR Loan during made on, and only on, the continuance last day of an Event of DefaultInterest Period for such Revolving LIBOR Loans. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing Loans into which such Revolving Loan Borrowing is Loans are to be converted; (iii) If such Revolving Loan Borrowing is Loans are to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Revolving Loans in accordance with Section Subparagraph 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days before the date of the requested conversionconversion in the case of a conversion into Revolving LIBOR Loans and at least one (1) Business Day before the date of the requested conversion in the case of a conversion into Revolving Prime Rate Loans. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section Paragraph 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no Borrower shall promptly deliver to Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender no later than 5:00 p.m. California time on the date of the contents receipt of each such Notice of Revolving Loan Conversion of the contents thereof and of the amount and Type of each Revolving Loan to be converted by such Lender as part of the requested Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert all Revolving Loans in any Revolving Loan Borrowing from one Type consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing to the other Typeconsisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that no Base any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loan may Loans shall be converted into a LIBOR Loan during made on, and only on, the continuance last day of an Event of DefaultInterest Period for such Revolving LIBOR Loans. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing Loans into which such Revolving Loan Borrowing is Loans are to be converted; (iii) If such Revolving Loan Borrowing is Loans are to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Revolving Loans in accordance with Section Subparagraph 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days before the date of the requested conversionconversion in the case of a conversion into Revolving LIBOR Loans and at least one (1) Business Day before the date of the requested conversion in the case of a conversion into Revolving Prime Rate Loans. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section Paragraph 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no Borrower shall promptly. deliver to Administrative Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender Bank no later than 5:00 p.m. California time on the date of the contents receipt of each such Notice of Revolving Loan Conversion of the contents thereof and of the amount and Type of each Revolving Loan to be converted by such Bank as part of the requested Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no any conversion of a Revolving Loan Borrowing consisting of LIBOR Loans into a Revolving Loan Borrowing consisting of Base Rate Loan may Loans shall be converted into a LIBOR Loan during made on, and only on, the continuance last day of an Event of DefaultInterest Period for such LIBOR Loans. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent in the form of Exhibit BB-1, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section Subparagraph 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 a.m. at least three (3) Business Days in the case of a conversion to a LIBOR Loan or one (1) Business Day in the case of a conversion to a Base Rate Loan before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile to the Administrative Agent at the office or to the facsimile number and during the hours specified in Section Paragraph 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no Borrower shall promptly deliver to Agent the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by first-class mail or facsimile in accordance with the immediately preceding sentencefacsimile. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Revolving Loan Conversion.

Conversion of Revolving Loans. Subject to Section 2.13, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan or Prime Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of DefaultDefault and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrower shall request such a conversion by an irrevocable written notice to the Administrative Agent Lender in the form of Exhibit B, duly executed by a Responsible Officer of the Borrower and appropriately completed (a "“Notice of Revolving Loan Conversion"”), which specifies, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.01(e2.1(e); and (iv) The date of the requested conversion, which shall be a Business Day. . (v) The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent Lender not later than 10:00 9:00 a.m. at least three (3) Business Days before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered to Lender by firstfacsimile or by e-class mail by a Responsible Officer of the Borrower or facsimile by any other Person as Borrower may designate in writing from time to the Administrative Agent at the office or time to the Lender’s facsimile number or e-mail address and during the hours specified in Section 8.01. The 8.1; provided, however, that in the case of delivery by email, the Borrower may provide shall promptly, and in any event within twenty-four hours after such email delivery, deliver to Lender a facsimile of such Notice of Revolving Loan Conversion executed by the Administrative Agent with telephonic notice Responsible Officer of its intention to submit a the Borrower who sent the email Notice of Revolving Loan Conversion; provided, howeverfurther, that no Borrower’s failure to deliver a facsimile of such Notice of Revolving Loan Conversion shall be deemed effective until received by first-class mail not affect the validity, enforceability, conclusiveness, or facsimile in accordance with the immediately preceding sentence. The Administrative Agent shall promptly notify each Lender binding affect on Borrower of the contents of each Notice of Revolving Loan Conversione-mail notification.

Conversion of Revolving Loans. Subject to Section 2.132.14, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of Default, and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.14. The Borrower shall request such a conversion by delivering an irrevocable written notice to the Administrative Agent in the form of Exhibit BB hereto, duly executed by a Responsible an Officer of the Borrower and appropriately completed (a "“Notice of Revolving Loan Conversion"”), which specifiesspecifying, among other things: (i) The Revolving Loan Borrowing which is to be converted; (ii) The Type of Revolving Loan Borrowing into which such Revolving Loan Borrowing is to be converted; (iii) If such Revolving Loan Borrowing is to be converted into a Revolving Loan Borrowing consisting of LIBOR Loans, the initial Interest Period selected by the Borrower for such LIBOR Loans in accordance with Section 2.01(e); and (iv) The date of the requested conversion, which shall be a Business Day. The Borrower shall give each Notice of Revolving Loan Conversion to the Administrative Agent not later than 10:00 9:00 a.m. at least three (3) Business Days before the date of the requested conversion. Each Notice of Revolving Loan Conversion shall be delivered by first-class mail or facsimile or e-mail transmission to the Administrative Agent at the office or to facsimile number, e-mail address, and/or address specified on Schedule VII and during the facsimile number hours specified in Section 8.01. The Borrower may provide the Administrative Agent with telephonic notice of its intention to submit a Notice of Revolving Loan Conversion; provided, however, that no the Borrower shall, if requested by the Administrative Agent, promptly deliver to the Administrative Agent by first-class mail the original of any Notice of Revolving Loan Conversion shall be deemed effective until received initially delivered by firstfacsimile or e-class mail or facsimile in accordance with the immediately preceding sentencetransmission. The Administrative Agent shall promptly notify each Lender of the contents of each Notice of Revolving Loan Conversion.