Common use of Conversion or Renewal Clause in Contracts

Conversion or Renewal. Subject to the provisions of Section 2.14(b) hereof the Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the CD Rate Option or the Euro-Rate Option as to any Funding Segment of the CD Rate Portion or the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Funding Period with respect to conversions from or renewals of the CD Rate Option or the Euro-Rate Option, as the case may be, as to the Funding Segment corresponding to such expiring 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: (w) The date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (x) The principal amounts selected in accordance with Section 2.08(d) hereof of the Base Rate Portion and each Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be converted from or renewed; (y) The interest rate Option or Options selected in accordance with Section 2.08(a) hereof and the principal amounts selected in accordance with Section 2.08(d) hereof of the Base Rate Portion and each 25 31 Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be converted to; and (z) With respect to each Funding Segment to be converted to or renewed, the Funding Period selected in accordance with Section 2.08(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. (b)

Conversion or Renewal. Subject to the provisions of Section 2.14(b) hereof the Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the CD Rate Option or the Euro-Rate Option as to any Funding Segment of the CD Rate Portion or the Euro-Rate Portion: (i) At any time with respect to conversion from the Base Rate Option; or (ii) At the expiration of any Funding Period with respect to conversions from or renewals of the CD Rate Option or the Euro-Rate Option, as the case may be, as to the Funding Segment corresponding to such expiring 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: (w) The date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (x) The principal amounts selected in accordance with Section 2.08(d) hereof of the Base Rate Portion and each Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be converted from or renewed; (y) The interest rate Option or Options selected in accordance with Section 2.08(a) hereof and the principal amounts selected in accordance with Section 2.08(d) hereof of the Base Rate Portion and each 25 31 Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, to be converted to; and (z) With respect to each Funding Segment to be converted to or renewed, the Funding Period selected in accordance with Section 2.08(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. (b)

Conversion or Renewal. Subject to the provisions of Section 2.14(b3.11(b) hereof the hereof, a Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the CD Rate Option or the Euro-Rate Option as to any Funding Segment of the CD Rate Portion or 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 Funding Period with respect to conversions from or renewals of the CD Rate Option or the Euro-Rate Option, as the case may be, Option as to the Funding Segment corresponding to such expiring Funding Period. Whenever the a Borrower desires to convert or renew any interest rate Option or Options, the such Borrower shall provide to the Administrative Agent Standard Notice setting forth the following information: (w1) The the Loans to which such conversion or renewal is to apply; (2) the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (x3) The the principal amounts selected in accordance with Section 2.08(d3.03(d) hereof of the Base Rate Portion and each Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted from or renewed; (y4) The the interest rate Option or Options selected in accordance with Section 2.08(a3.03(a) hereof and the principal amounts selected in accordance with Section 2.08(d3.03(d) hereof of the Base Rate Portion and each 25 31 Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted to; and (z5) With with respect to each Funding Segment to be converted to or renewed, the Funding Period selected in accordance with Section 2.08(c3.03(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. (b).

Conversion or Renewal. Subject to the provisions of Section 2.14(b2.13(b) hereof the hereof, a Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the CD Rate Option or the Euro-Rate Option as to any Funding Segment of the CD Rate Portion or the Euro-Rate Portion: (i) At at any time with respect to conversion from the Base Prime Rate Option; or (ii) At at the expiration of any Funding Period with respect to conversions from or renewals of the CD Rate Option or the Euro-Rate Option, as the case may be, Option as to the Funding Segment corresponding to such expiring Funding Period. Whenever the a 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: (wi) The the Revolving Credit Loans to which such conversion or renewal is to apply; (ii) the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (xiii) The the principal amounts selected in accordance with Section 2.08(d2.03(d) hereof of the Base Prime Rate Portion and each Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted from or renewed; (yiv) The the interest rate Option or Options selected in accordance with Section 2.08(a2.03(a) hereof and the principal amounts selected in accordance with Section 2.08(d2.03(d) hereof of the Base Prime Rate Portion and each 25 31 Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted to; and (zv) With with respect to each Funding Segment to be converted to or renewed, the Funding Period selected in accordance with Section 2.08(c2.03(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. (b).

Conversion or Renewal. Subject to the provisions of Section 2.14(b2A.11(b) hereof the hereof, a Borrower may convert any part of its Revolving Credit Loans from any interest rate Option or Options to one or more different interest rate Options and may renew the CD Rate Option or the Euro-Rate Option as to any Funding Segment of the CD Rate Portion or 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 Funding Period with respect to conversions from or -35- 41 renewals of the CD Rate Option or the Euro-Rate Option, as the case may be, Option as to the Funding Segment corresponding to such expiring Funding Period. Whenever the a Borrower desires to convert or renew any interest rate Option or Options, the such Borrower shall provide to the Administrative Agent Standard Notice setting forth the following information: (w1) The the Loans to which such conversion or renewal is to apply; (2) the date, which shall be a Business Day, on which the proposed conversion or renewal is to be made; (x3) The the principal amounts selected in accordance with Section 2.08(d2A.3(d) hereof of the Base Rate Portion and each Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted from or renewed; (y4) The the interest rate Option or Options selected in accordance with Section 2.08(a2A.3(a) hereof and the principal amounts selected in accordance with Section 2.08(d2A.3(d) hereof of the Base Rate Portion and each 25 31 Funding Segment of the CD Rate Portion and the Euro-Rate Portion, as the case may be, Portion to be converted to; and (z5) With with respect to each Funding Segment to be converted to or renewed, the Funding Period selected in accordance with Section 2.08(c2A.3(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. (b).