Common use of Conversion Options Clause in Contracts

Conversion Options. (a) The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three Business Days prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four Eurodollar Business Days prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three one (1) Business Days Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar three (3) LIBOR Business Days Days’ prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 500,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five two (52) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 500,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 500,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar (4) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 500,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five ten (510) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 500,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 500,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three one (1) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar three (3) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 1,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five three (53) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 1,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three one (1) Business Days Day's prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four three (3) Eurodollar Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five eight (5) 8) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate a principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate a principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar (4) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 500,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five three (53) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 500,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 500,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) 2.10.1. CONVERSION TO DIFFERENT TYPE OF REVOLVING CREDIT LOAN. The Borrower Borrowers’ Representative may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate LoanType, as applicable; provided PROVIDED that (ia) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower Borrowers’ Representative shall give the Agent at least three one (1) Business Days Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (iib) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers’ Representative shall give the Agent at least four three (3) Eurodollar Business Days Days’ prior written notice of such election and election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; with respect thereto and (iiid) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Revolving Credit Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED that any partial conversion shall be in an aggregate principal amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Base Rate Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion Options. (a1) The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four Eurodollar Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Term Loans to a Term Loan of another Type and such Term Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three one (1) Business Days Days’ prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Agent at least four Eurodollar two (2) LIBOR Business Days Days’ prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 1,000,000.00 or an integral multiple of $100,000 250,000.00 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five two (52) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Term Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate a principal amount of less than $1,000,000 1,000,000.00 or an integral multiple of $100,000.00 or a Eurodollar LIBOR Rate Loan in an aggregate a principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in 1,000,000.00 or an integral multiple of $100,000250,000.00. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its applicable Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate LoanType, as applicable; provided PROVIDED that (i) with respect to any such conversion of a Eurodollar Rate Loan or LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election; (ii) with respect to any such conversion of a Eurodollar Rate Loan or LIBOR Rate Loan into a Loan of another Type, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loanthereto; (iiiii) subject to the further proviso at the end of this section and subject to [SECTION] 2.6(b) and [SECTION] 2.6(d) hereof with respect to any such conversion of a Base Rate Loan or a LIBOR Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four (4) Eurodollar Business Days Days' prior written notice of such election election; (iv) subject to the further proviso at the end of this section and the Interest Period requested for subject to [SECTION] 2.6(b) and [SECTION] 2.6(d) hereof with respect to any such conversion of a Base Rate Loan or a Eurodollar Rate Loan to a LIBOR Rate Loan, the principal amount Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; each election and (iiiv) no Loan may be converted into a Eurodollar Rate Loan or a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office, its Eurodollar Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each All or any part of outstanding Loans of any Type may be converted as provided herein, PROVIDED FURTHER that each Conversion Request relating to the conversion of a Base Rate Loan of another Type to a Eurodollar Rate Loan or LIBOR Rate Loan shall be for an amount equal to $600,000 or an integral multiple of $100,000 in excess thereof and shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar (4) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five six (56) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicable; provided PROVIDED that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three one (1) Business Days Day's prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four three (3) Eurodollar Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five eight (5) 8) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided PROVIDED that no partial conversion shall result in a Base Rate Loan in an aggregate a principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate a principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) 4.1.1. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four Eurodollar Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take take, to the extent it deems it necessary to do so, such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower Borrowers may elect from time to time to convert any of their respective outstanding Loan Loans to a Loan of another Type and such Loan Loans shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the a Borrower shall give the Agent at least three one (1) Business Days Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the a Borrower shall give the Agent at least four Eurodollar two (2) LIBOR Business Days Days’ prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 100,000.00 or an integral multiple of $100,000 50,000.00 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five six (56) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate a principal amount of less than $1,000,000 100,000.00 or an integral multiple of $50,000.00 or a Eurodollar LIBOR Rate Loan in an aggregate a principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in 100,000.00 or an integral multiple of $100,00050,000.00. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Agent at least four Eurodollar (4) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five four (54) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any the outstanding Loan Loans to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a Eurodollar LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least three (3) Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar LIBOR Rate Loan; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, Loan the Borrower shall give the Agent at least four Eurodollar (4) LIBOR Business Days Days' prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, Loan there shall be no more than five four (54) Eurodollar LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicableType; provided that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Revolving Loan, the Borrower shall give the Agent at least three Business Days Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate Loan; (ii) with respect to any such conversion of a Base Rate Revolving Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least four Eurodollar Business Days Days' prior written notice of such election and the Interest Period requested for such Loanelection, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof and, after giving effect to the making of such Loan, there shall be no more than five (5) Eurodollar Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Revolving Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Officeoffice, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Revolving Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower. The Agent shall notify the Banks promptly following its receipt of such Conversion Request.

Conversion Options. (a) The Borrower Borrowers may elect from time to time to convert all or a portion of any outstanding Loan to a Loan of another Type and such Loan shall thereafter bear interest as a Base Rate Loan or a Eurodollar Rate Loan, as applicableType; provided PROVIDED that (i) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower Borrowers shall give the Administrative Agent at least three Business Days prior written notice of such electionelection on or prior to 10:00 a.m. (Boston time) on the Business Day next preceding the date of the conversion, and such conversion shall only be made on the last day of the Interest Period with respect to such Eurodollar Rate LoanLoan unless the Borrowers pay the Administrative Agent for the account of the Lenders the amounts required under Section 4.7; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Administrative Agent at least four Eurodollar Business Days prior written notice of such election and election, on or before 10:00 a.m. (Boston time) on the Interest Period requested for such Loanthird Business Day next preceding the date of the conversion, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $2,000,000 or 1,000,000 and in an integral multiple of $100,000 in excess thereof and, after giving effect to the making conversion of such Loan, there shall be no more than five eight (5) 8) Eurodollar Rate Loans having different Interest Periods outstanding at any one time; and (iii) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a Eurodollar Rate Loan in an aggregate principal amount of less than $2,000,000 1,000,000 and that the aggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its Eurodollar Lending Officeoffice, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers. The Administrative Agent shall notify the Lenders promptly following its receipt of each Conversion Request.