Common use of Conversion Options; Minimum Amount of Loans Clause in Contracts

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); provided that any such conversion of Term Benchmark Loans shall only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Loans by giving the Agent at least three Business Days’ prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending office. All or any part of outstanding Term Benchmark Loans and Alternate Base Rate Loans may be converted as provided herein; provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans (other than Swingline Loans) to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.9(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.9(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.9(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark six Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 6 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark six Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); provided that any such conversion of Term Benchmark Eurodollar Loans shall only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company Partnership may elect from time to time to convert any Term Benchmark Loans or part thereof from Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two three Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M.election, New York City time, on the date on which such notice is required); provided that any such conversion of Term Benchmark Eurodollar Loans shall only be made on the last day of an Interest Period with respect thereto. The Company Partnership may elect from time to time to convert any Term Loans or part thereof from Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ ' prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeelection. All or any part of such outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may may, subject to the provisions of subsection 3.2(a), be converted as provided herein; , provided that, unless the Required Banks otherwise agree, that (i) no Revolving Credit Term Loan or part thereof may be converted into a Term Benchmark Eurodollar Loan when any Default or Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 500,000 or a whole multiple thereof of $100,000 in excess thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c3.3(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company Partnership with the notice provisions contained in subsection 2.7(a)3.3(a) which are applicable to the conversion of Loans to Loans of such type; provided thatprovided, unless the Required Banks otherwise agree, that no Term Benchmark Eurodollar Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,0001,000,000. At In no time shall event may there be more than fifteen Term Benchmark Tranchesfive (5) Eurodollar Tranches outstanding at any one time.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); provided that any such conversion of Term Benchmark Loans shall only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Loans by giving the Agent at least three Business Days’ prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending office. All or any part of outstanding Term Benchmark Loans and Alternate Base Rate Loans may be converted as provided herein; provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) . Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) . All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark six Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 10 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City 30 26 time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Majority Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.6(c) shall not have been bean contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.6(a); provided that, unless the Required Majority Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.6 (b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 6 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company Borrower may elect from time to time to convert Term Benchmark Convert Eurodollar Loans to Alternate Base Federal Funds Rate Loans Loans, by giving the Agent at least two Business Days’ Lender prior irrevocable notice of such election notice (given before which notice must be received by the Lender prior to 10:00 A.M., New York City Dallas, Texas time, ) on the date on which of such notice is required)borrowing; provided PROVIDED, that any such conversion Conversion of Term Benchmark Eurodollar Loans shall only be made on the last day of an Interest Period with respect thereto. The Company Borrower may elect from time to time to convert Alternate Base Convert Federal Funds Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent Lender at least three two Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which election. Any such notice is required). Upon receipt of such notice, Conversion to Eurodollar Loans shall specify the Agent shall promptly notify each Bank thereof. Promptly following length of the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeinitial Interest Period or Interest Periods therefor. All or any part of outstanding Term Benchmark Loans Eurodollar Loans, and Alternate Base Federal Funds Rate Loans may be converted Converted as provided herein; provided thatPROVIDED, unless the Required Banks otherwise agree, that (ix) no Revolving Credit Loan may be converted Converted into a Term Benchmark Eurodollar Loan when any Default or Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof and (iiiy) any such conversion Conversion may only be made if, after giving effect thereto, subsection 2.7(c) Section 2.8 shall not have been contravenedcontravened and (z) no Loan may be Converted into a Eurodollar Loan after the date that is one month prior to the Termination Date. (b) Any Term Benchmark Eurodollar Loans may be continued Continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company Borrower giving notice to the Lender, in accordance with the notice provisions contained of the term "Interest Period" set forth in subsection 2.7(a)Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided thatPROVIDED, unless the Required Banks otherwise agree, that no Term Benchmark Eurodollar Loan may be continued Continued as such (i) when any Default or Event of Default has occurred and is continuing, but (ii) if after giving effect thereto, Section 2.8 would be contravened or (iii) after the date that is one month prior to the Termination Date; and PROVIDED FURTHER, that if the Borrower shall fail to give any required notice as described above in this paragraph or if such Continuation is not permitted pursuant to the preceding proviso, such Loans shall be automatically converted Converted to an Alternate Base Federal Funds Rate Loan Loans on the last day of the then current expiring Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); provided that any such conversion of Term Benchmark Eurodollar Loans shall only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Majority Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.6(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.6(a); provided that, unless the Required Majority Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.6(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 6 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 10 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (ai) The Company may elect from time Each Eurodollar Rate Loan shall be converted automatically to time to convert Term Benchmark Loans to an Alternate Base Rate Loans Loan effective on the last day of the Interest Period corresponding thereto, unless it (or a portion thereof) is continued as a new Eurodollar Rate Loan continued in accordance with the succeeding sentence hereof. Borrower may elect to continue any existing Eurodollar Rate Loan (or portion thereof) as an Eurodollar Rate Loan as of the end of the Interest Period corresponding thereto by giving the Agent at least two Business (2) Working Days’ , prior irrevocable notice of such election (given before 10:00 A.M.pursuant to a prior irrevocable Notice of Borrowing, New York City timeappropriately completed. Upon receipt of such Notice of Borrowing, on the date on which such notice is required); provided that any such conversion of Term Benchmark Loans Agent shall only be made on the last day of an Interest Period with respect theretopromptly notify each Lender thereof. The Company Borrower may also elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Rate Loans by giving the Agent at least three Business two (2) Working Days’ ' prior irrevocable notice Notice of such election (given before 1:00 P.M.Borrowing, New York City time, on the date on which such notice is required)appropriately completed. Upon receipt of such noticeNotice of Borrowing, the Agent shall promptly notify each Bank Lender thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending office. All or any part of outstanding Term Benchmark Eurodollar Rate Loans and Alternate Base Rate Loans may be converted as provided herein; provided that, unless the Required Banks otherwise agree, PROVIDED that (iA) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Rate Loan when any Default or an Event of Default has occurred and is continuing, (iiB) partial conversions of Eurodollar Rate Loans shall be in an aggregate principal amount of at least One Million Dollars ($5,000,000 1,000,000) or a whole multiple of Five Hundred Thousand Dollars ($500,000) in excess thereof and (iiiC) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c(E) hereof shall not have been contravened. (bii) Any Term Benchmark Eurodollar Rate Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company a Borrower with the notice provisions contained in subsection 2.7(a)clause (i) hereof; provided that, unless the Required Banks otherwise agree, PROVIDED that no Term Benchmark Eurodollar Rate Loan may be continued as such when any Default or an Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks Lenders promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.5(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.5(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.5(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 10 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 1,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.5(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.5(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.5(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 10 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ ' prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Days’ ' prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c2.6(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a2.6(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b2.6(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark 10 Eurodollar Tranches.

Conversion Options; Minimum Amount of Loans. (a) The Company may elect from time to time to convert Term Benchmark Eurodollar Loans to Alternate Base Rate Loans by giving the Agent at least two Business Days’ prior irrevocable notice of such election (given before 10:00 A.M., New York City time, on the date on which such notice is required); , provided that any such conversion of Term Benchmark Eurodollar Loans shall shall, subject to the fourth following sentence, only be made on the last day of an Interest Period with respect thereto. The Company may elect from time to time to convert Alternate Base Rate Loans to Term Benchmark Eurodollar Loans by giving the Agent at least three Business Working Days’ prior irrevocable notice of such election (given before 1:00 P.M.11:30 A.M., New York City time, on the date on which such notice is required). Upon receipt of such notice, the Agent shall promptly notify each Bank thereof. Promptly following the date on which such conversion is being made each Bank shall take such action as is necessary to transfer its portion of such Revolving Credit Loans to its applicable lending officeDomestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Term Benchmark Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein; , provided that, unless the Required Banks otherwise agree, (i) no Revolving Credit Loan may be converted into a Term Benchmark Eurodollar Loan when any Event of Default has occurred and is continuing, (ii) partial conversions shall be in an aggregate principal amount of $5,000,000 or a whole multiple thereof thereof, and (iii) any such conversion may only be made if, after giving effect thereto, subsection 2.7(c) shall not have been contravened. (b) Any Term Benchmark Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.7(a); provided that, unless the Required Banks otherwise agree, no Term Benchmark Eurodollar Loan may be continued as such when any Event of Default has occurred and is continuing, but shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto. The Agent shall notify the Banks promptly that such automatic conversion contemplated by this subsection 2.7(b) will occur. (c) All borrowings, conversions, payments, prepayments and selection of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising any Term Benchmark Eurodollar Tranche shall not be less than $10,000,000. At no time shall there be more than fifteen Term Benchmark twelve Eurodollar Tranches.