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 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 Euro-Rate Option as to any Funding Segment of the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Agent Standard Notice setting forth the following information:

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(bSection --------------------- 2.11(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrower may convert any part of the its Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the Euro-Rate Option as to any Funding Segment of the 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 Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Agent Standard Notice setting forth the following information:

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and Section 2.10(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrower may convert any part of the Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the Euro-Rate Option as to any Funding Segment of the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option or the ABS Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Agent Lender Standard Notice setting forth the following information:

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(bSection 2.13(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the 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 Euro-Rate Option as to any Funding Segment of the Euro-Rate PortionPortion of the Loans: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Agent Standard Notice setting forth the following information:

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and 2.10(bSection 2.9(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the Borrower may convert any part of the its Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the Euro-Rate Option as to any Funding Segment of the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Administrative Agent Standard Notice setting forth the following information:

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and Section 2.10(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the a Borrower may convert any part of the its Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the Euro-Rate Option as to any Funding Segment of the Euro-Rate Portion: (i) At any time with respect to conversion from the Alternate Base Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the a Borrower desires to convert or renew any interest rate Option or Options, the Borrower XL Capital shall provide to the Administrative Agent Standard Notice setting forth the following information (and the Agent shall promptly advise the Banks of such information:):

Conversion or Renewal. Subject to the provisions of Sections 2.09(c) and Section 2.10(b) hereof, and if no Event of Default or Potential Default shall have occurred and be continuing or shall exist, the 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 Euro-Rate Option as to any Funding Segment of the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Euro-Rate Funding Period with respect to conversions from or renewals of the Euro-Rate Option, Option as to the Funding Segment corresponding to such expiring Euro-Rate Funding Period. Whenever the Borrower desires to convert or renew any interest rate Option or Options, the Borrower shall provide to the Agent Lender Standard Notice setting forth the following information: