Common use of Conversion to a Different Type of Loan Clause in Contracts

Conversion to a Different Type of Loan. The Borrowers may elect from time to time to convert any outstanding Revolving Loan or any portion of the Term Loans to a Base Rate Loan or Eurodollar Loan, as the case may be provided that (i) with respect to any such conversion of a Eurodollar Loan to a Base Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice in the form of Exhibit 2.5 hereto to Agent by 1:00 PM (Boston time) on the date of such proposed conversion; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice to Agent by 1:00 PM (Boston time) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of a Eurodollar Loan into a Base Rate Loan, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into a Eurodollar Loan when any Default has occurred and is continuing; (v) at no time shall there be more than five Eurodollar Loans outstanding from any Lender; and (vi) any conversion of less than all of the outstanding Loans of either type into Loans of the other type shall be in a minimum principal amount of $100,000.

Conversion to a Different Type of Loan. The Borrowers may elect from time to time to convert any outstanding Revolving Loan or any portion of the Term Loans to a Base Rate Loan or Eurodollar Loan, as the case may may, be provided that (i) with respect to any such conversion of a Eurodollar Loan to a Base Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice in the form of Exhibit 2.5 hereto (an "Interest Rate Option Notice") to Agent the Lender by 1:00 PM (Boston time) on the date of such proposed conversion; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice to Agent the Lender by 1:00 PM (Boston time) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of a Eurodollar Loan into a Base Rate Loan, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into a Eurodollar Loan when any Default has occurred and is continuing; (v) at no time shall there be more than five Eurodollar Loans outstanding from any Lenderoutstanding; and (vi) any conversion of less than all of the outstanding Loans of either type into Loans of the other type shall be in a minimum principal amount of $100,000, provided that a conversion of a Eurodollar Loan to a Base Rate Loan shall be in a minimum principal amount of $100,000.

Conversion to a Different Type of Loan. The Borrowers may elect from time to time to convert any outstanding Revolving Loan or any portion of the Term Loans to a Base Rate Loan or Eurodollar Loan, as the case may be provided that (i) with respect to any such conversion of a Eurodollar Loan to a Base Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice in the form of Exhibit 2.5 hereto to Agent by 1:00 PM (Boston time) on the date of such proposed conversion; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice to Agent by 1:00 PM (Boston time) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of a Eurodollar Loan into a Base Rate Loan, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into a Eurodollar Loan when any Default has occurred and is continuing; (v) at no time shall there be more than five six Eurodollar Loans outstanding from any Lender; and (vi) any conversion of less than all of the outstanding Loans of either type into Loans of the other type shall be in a minimum principal amount of $100,000, provided that a conversion of a Eurodollar Loan to a Base Rate Loan shall be in a minimum principal amount of $50,000.

Conversion to a Different Type of Loan. The Borrowers may elect from time to time to convert any outstanding Revolving Loan or any portion of the Term Loans to a Base Rate Loan or Eurodollar Loan, as the case may may, be provided that (i) with respect to any such conversion of a Eurodollar Loan to a Base Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice in the form of Exhibit 2.5 hereto (an "Interest Rate Option Notice") to Agent the Lender by 1:00 PM (Boston time) on the date of such proposed conversion; (ii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers shall provide the appropriate Interest Rate Option Notice to Agent the Lender by 1:00 PM (Boston time) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of a Eurodollar Loan into a Base Rate Loan, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into a Eurodollar Loan when any Default has occurred and is continuing; (v) at no time shall there be more than five Eurodollar Loans outstanding from any Lenderoutstanding; and (vi) any conversion of less than all of the outstanding Loans of either type into Loans of the other type shall be in a minimum principal amount of $100,000250,000, provided that a conversion of a Eurodollar Loan to a Base Rate Loan shall be in a minimum principal amount of $50,000.