Common use of Conversion or Renewal Clause in Contracts

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers may convert any part of the Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the LIBOR Option as to any Funding Segment of the LIBOR Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, as to the Funding Segment corresponding to such expiring LIBOR Funding Period. Whenever the Borrowers desire to convert or renew any interest rate Option or Options, the Borrowers’ Agent shall provide to the Agent Standard Notice setting forth the following information: (A) The date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (B) The principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Portion to be converted from or renewed; (C) The interest rate Option or Options selected in accordance with Section 2.04(a) hereof and the principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Portion to be converted to; and (D) With respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) Section 2.08 hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers Parent may convert any part of the Revolving Credit Loans denominated in any Designated Currency from any interest rate Option or Options to one or more different interest rate Options available for such Designated Currency and may renew the LIBOR Euro-Rate Option or CDOR Option as to any Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion, as applicable: (i) At at any time with respect to conversion from the Base Rate Option; or (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, Euro-Rate Option or CDOR Option as to the Funding Segment corresponding to such expiring LIBOR Funding Period; provided that at any time when an Event of Default has occurred and is continuing or exists, (w) the Parent may not select, convert to or renew the Euro-Rate Option with respect to any Revolving Credit Loans denominated in Dollars, (x) the Parent may not select, convert to or renew the CDOR Option with respect to any Revolving Credit Loans, (y) the Parent may not renew or convert any Revolving Credit Loans to any Designated Currency other than Dollars, and (z) the Parent may not select a Funding Period longer than one month with respect to Revolving Credit Loans denominated in a currency other than Dollars; provided, further, that this Section 2.07(a) shall not apply to Swingline Loans, which may not be converted. Whenever the Borrowers desire Parent desires to convert or renew any interest rate Option or Options, the Borrowers’ Agent Parent shall provide to the Administrative Agent Standard Notice setting forth the following information: (Ai) The the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (Bii) The the principal amounts selected in accordance with Section 2.04(d2.06(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted from or renewed; (Ciii) The the interest rate Option or Options selected in accordance with Section 2.04(a2.06(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.06(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted to; and (Div) With with respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.06(b) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers Borrower may convert any part of the Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the LIBOR Option as to any Funding Segment of the LIBOR Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, as to the Funding Segment corresponding to such expiring LIBOR Funding Period. Whenever the Borrowers desire Borrower desires to convert or renew any interest rate Option or Options, the Borrowers’ Agent Borrower shall provide to the Agent Standard Notice setting forth the following information: (A) The date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (B) The principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Portion to be converted from or renewed; (C) The interest rate Option or Options selected in accordance with Section 2.04(a) hereof and the principal amounts selected in accordance with Section 2.04(d) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Portion to be converted to; and (D) With respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) Section 2.07 hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers Parent may convert any part of the Revolving Credit Loans denominated in any Designated Currency from any interest rate Option or Options to one or more different interest rate Options available for such Designated Currency and may renew the LIBOR Euro-Rate Option as to any Funding Segment of the LIBOR Euro-Rate Portion: (i) At at any time with respect to conversion from the Base Rate Option; or (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, Euro-Rate Option as to the Funding Segment corresponding to such expiring LIBOR Funding Period; provided, that at any time when an Event of Default has occurred and is continuing or exists, (x) the Borrower may not select, convert to or renew the Euro-Rate Option with respect to any Revolving Credit Loans denominated in Dollars, (y) the Borrower may not convert any Revolving Credit Loans to any Designated Currency other than Dollars, and (z) the Borrower may not select a Funding Period longer than one month with respect to Revolving Credit Loans denominated in a currency other than Dollars. Whenever the Borrowers desire Parent desires to convert or renew any interest rate Option or Options, the Borrowers’ Agent Parent shall provide to the Administrative Agent Standard Notice setting forth the following information: (Ai) The the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (Bii) The the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion to be converted from or renewed; (Ciii) The the interest rate Option or Options selected in accordance with Section 2.04(a2.05(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion to be converted to; and (Div) With with respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.05(b) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c2.05(c) and 2.10(b(d) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers hereof Borrower may convert any part of the Loans from any interest rate Interest Rate Option or Options to one or more different interest rate Interest Rate Options and may renew the LIBOR CD Rate Option or the Euro-Rate Option as to any Funding Segment of a CD Rate Portion or a Euro-Rate Portion of the LIBOR PortionLoans: (i) At at any time with respect to conversion from the Base Rate Option; or; (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR CD Rate Option or Euro-Rate Option, as the case may be, as to the Funding Segment corresponding to such expiring LIBOR Funding Period; or (iii) on the date specified in a notice by a Terminating Bank pursuant to Section 2.05(d) hereof with respect to conversions from the CD Rate Option or the Euro-Rate Option, as the case may be. Whenever the Borrowers desire Borrower desires to convert or renew any interest rate Interest Rate Option or Options, the Borrowers’ Agent Borrower shall provide to the Agent Standard at its Office a notice (a "Notice of Conversion" or "Notice of Renewal," respectively) setting forth the following information: (Aiv) The the date, which shall be a Business DayDay (not earlier than the second Business Day after such notice is given, in the case of a conversion to or renewal of a Euro-Rate Option), on which the proposed conversion or renewal is to be made; (Bv) The the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or Euro-Rate Portion of the Loans, as the case may be, to be converted from or renewed; (Cvi) The interest rate the Interest Rate Option or Options selected in accordance with Section 2.04(a2.05(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or Euro-Rate Portion of the Loans, as the case may be, to be converted toto or renewed; and (Dvii) With with respect to each Funding Segment of a Loan to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.05(b) hereof to apply to such Funding Segment. Standard Notice of Conversion or Notice of Renewal having been so provided, after the date specified in such Standard Notice, Notice interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans required to be converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c2.05(c) and 2.10(b(d) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers hereof Borrower may convert any part of the Loans from any interest rate Interest Rate Option or Options to one or more different interest rate Interest Rate Options and may renew the LIBOR CD Rate Option or the EuroRate Option as to any Funding Segment of a CD Rate Portion or a EuroRate Portion of the LIBOR PortionLoans: (i) At at any time with respect to conversion from the Base Rate Option; or; (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR CD Rate Option or EuroRate Option, as the case may be, as to the Funding Segment corresponding to such expiring LIBOR Funding Period; or (iii) on the date specified in a notice by a Terminating Bank pursuant to Section 2.05(d) hereof with respect to conversions from the CD Rate Option or EuroRate Option, as the case may be. Whenever the Borrowers desire Borrower desires to convert or renew any interest rate Interest Rate Option or Options, the Borrowers’ Agent Borrower shall provide to the Agent Standard at its Office a notice (a "Notice of Conversion" or "Notice of Renewal," respectively) setting forth the following information: (Aiv) The the date, which shall be a Business DayDay (not earlier than the second Business Day after such notice is given, in the case of a conversion to or renewal of a EuroRate Option), on which the proposed conversion or renewal is to be made; (Bv) The the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or EuroRate Portion of the Loans, as the case may be, to be converted from or renewed; (Cvi) The interest rate the Interest Rate Option or Options selected in accordance with Section 2.04(a2.05(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or EuroRate Portion of the Loans, as the case may be, to be converted toto or renewed; and (Dvii) With with respect to each Funding Segment of a Loan to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.05(b) hereof to apply to such Funding Segment. Standard Notice of Conversion or Notice of Renewal having been so provided, after the date specified in such Standard Notice, Notice interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans required to be converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) Section 2.07 hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers Parent may convert any part of the Revolving Credit Loans denominated in any Designated Currency from any interest rate Option or Options to one or more different interest rate Options available for such Designated Currency and may renew the LIBOR Euro-Rate Option or CDOR Option as to any Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion, as applicable: (i) At at any time with respect to conversion from the Base Rate Option; or (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, Euro-Rate Option or CDOR Option as to the Funding Segment corresponding to such expiring LIBOR Funding Period; provided, that at any time when an Event of Default has occurred and is continuing or exists, (w) the Parent may not select, convert to or renew the Euro-Rate Option with respect to any Revolving Credit Loans denominated in Dollars, (x) the Parent may not select, convert to or renew the CDOR Option with respect to any Revolving Credit Loans, (y) the Parent may not renew or convert any Revolving Credit Loans to any Designated Currency other than Dollars, and (z) the Parent may not select a Funding Period longer than one month with respect to Revolving Credit Loans denominated in a currency other than Dollars. Whenever the Borrowers desire Parent desires to convert or renew any interest rate Option or Options, the Borrowers’ Agent Parent shall provide to the Administrative Agent Standard Notice setting forth the following information: (Ai) The the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (Bii) The the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted from or renewed; (Ciii) The the interest rate Option or Options selected in accordance with Section 2.04(a2.05(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted to; and (Div) With with respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.05(b) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c2.05(c) and 2.10(b(d) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers a Borrower may convert any part of the Loans from any interest rate Interest Rate Option or Options to one or more different interest rate Interest Rate Options and may renew the LIBOR CD Rate Option or the Euro-Rate Option as to any Funding Segment of a CD Rate Portion or a Euro-Rate Portion of the LIBOR PortionLoans: (i) At at any time with respect to conversion from the Base Rate Option; or; (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR CD Rate Option or Euro-Rate Option, as the case may be, as to the Funding Segment corresponding to such expiring LIBOR Funding Period; or (iii) on the date specified in a notice by a Terminating Bank pursuant to Section 2.05(d) hereof with respect to conversions from the CD Rate Option or Euro-Rate Option, as the case may be. Whenever the Borrowers desire a Borrower desires to convert or renew any interest rate Interest Rate Option or Options, the Borrowers’ Agent Borrower shall provide to the Agent Standard at its Office a notice (a "Notice of Conversion" or "Notice of Renewal," respectively) setting forth the following information: (Aiv) The the date, which shall be a Business DayDay (not earlier than the second Business Day after such notice is given, in the case of a conversion to or renewal of a Euro-Rate Option), on which the proposed conversion or renewal is to be made; (Bv) The the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or Euro-Rate Portion of the Loans, as the case may be, to be converted from or renewed; (Cvi) The interest rate the Interest Rate Option or Options selected in accordance with Section 2.04(a2.05(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.05(c) hereof of the Base Rate Portion Portion, and each Funding Segment of the LIBOR CD Rate Portion or Euro-Rate Portion of the Loans, as the case may be, to be converted toto or renewed; and (Dvii) With with respect to each Funding Segment of a Loan to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.05(b) hereof to apply to such Funding Segment. Standard Notice of Conversion or Notice of Renewal having been so provided, after the date specified in such Standard Notice, Notice interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans required to be converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(b) Section 2.08 hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrowers Parent may convert any part of the Revolving Credit Loans denominated in any Designated Currency from any interest rate Option or Options to one or more different interest rate Options available for such Designated Currency and may renew the LIBOR Euro-Rate Option or CDOR Option as to any Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion, as applicable: (i) At at any time with respect to conversion from the Base Rate Option; or (ii) At at the expiration of any LIBOR Funding Period with respect to conversions from or renewals of the LIBOR Option, Euro-Rate Option or CDOR Option as to the Funding Segment corresponding to such expiring LIBOR Funding Period; provided that at any time when an Event of Default has occurred and is continuing or exists, (w) the Parent may not select, convert to or renew the Euro-Rate Option with respect to any Revolving Credit Loans denominated in Dollars, (x) the Parent may not select, convert to or renew the CDOR Option with respect to any Revolving Credit Loans, (y) the Parent may not renew or convert any Revolving Credit Loans to any Designated Currency other than Dollars, and (z) the Parent may not select a Funding Period longer than one month with respect to Revolving Credit Loans denominated in a currency other than Dollars; provided, further, that this Section 2.07(a) shall not apply to Swingline Loans, which may not be converted. Whenever the Borrowers desire Parent desires to convert or renew any interest rate Option or Options, the Borrowers’ Agent Parent shall provide to the Administrative Agent Standard Notice setting forth the following information: (Ai) The the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made;; #89365364v21 (Bii) The the principal amounts selected in accordance with Section 2.04(d2.06(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted from or renewed; (Ciii) The the interest rate Option or Options selected in accordance with Section 2.04(a2.06(a) hereof and the principal amounts selected in accordance with Section 2.04(d2.06(c) hereof of the Base Rate Portion and each Funding Segment of the LIBOR Euro-Rate Portion or CDOR Portion to be converted to; and (Div) With with respect to each Funding Segment to be converted to or renewed, the LIBOR Funding Period selected in accordance with Section 2.04(c2.06(b) hereof to apply to such Funding Segment. Standard Notice having been so provided, after the date specified in such Standard Notice, interest shall be calculated upon the principal amount of the Loans as so converted or renewed. Interest on the principal amount of any part of the Loans converted or renewed (automatically or otherwise) shall be due and payable on the conversion or renewal date.