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

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Applicable Agent at least one (1) Business Day's prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Applicable Agent at least two (2) Eurodollar Business Days' prior written notice of such 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 with respect thereto, and (d) no Loan may be converted into a Eurodollar Rate Loan when any Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank shall take such action, if any, as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 or a whole multiple of $500,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one (1) Business Day's Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, thereto and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 5,000,000 or a whole multiple of $500,000.00 1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a SOFR Loan to a Base Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one (1) Business Day's prior written notice (or telephone notice promptly confirmed in writing) no later than 11:00 a.m. (Boston time) on the date of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate SOFR Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar Government Securities Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate SOFR Loan into a Base Rate Loan, if such conversion shall only be is not made on the last day of the Interest Period with respect thereto, such conversion shall require the payment of any amounts due under §4.9 hereof, and (d) no Loan may be converted into a Eurodollar Rate SOFR Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar Applicable Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to into a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 100,000 or an integral a whole multiple of $100,000 in excess thereof and (z) any a partial conversion of any Loan to into a Eurodollar Rate SOFR Loan shall be in an aggregate principal amount of $500,000.00 500,000 or a whole multiple of $500,000.00 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar Rate SOFR Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower ------------------------------------ may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (ai) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Applicable Agent at least one (1) Business Day's Day prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Applicable Agent at least two (2) Eurodollar Business Days' Days prior written notice of such election; (ciii) 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 with respect thereto, and ; (div) no Base Rate Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing; and (v) no more than five (5) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time. On the date on which such conversion is being made each Applicable Bank shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 500,000 or a whole multiple of $500,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Prime Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one three (13) Business Day's Days prior written notice of such election; (b) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Prime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, thereto or such other day so long as the amounts required to be paid in accordance with §5.9 shall be paid at the time of any conversion that occurs on a day other than the last day of the Interest Period and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Tranche A Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 1,000,000 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 or a whole multiple of $500,000.00 in excess 1,000,000 thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one (1) Business Day's prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate LIBOR Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate LIBOR Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, and (d) no Loan may be converted into a Eurodollar Rate LIBOR Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank shall take such action, if any, as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 50,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate LIBOR Loan shall be in an aggregate principal amount of $500,000.00 250,000.00 or a whole multiple of $500,000.00 50,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar Rate LIBOR Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Applicable Agent at least one (1) Business Day's Day prior written notice of such election; (b) with respect to any such conversion of a Money Market Rate Loan or a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Applicable Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, thereto and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 1,000,000 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in plus an aggregate principal amount of $500,000.00 or a whole integral multiple of $500,000.00 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower Borrowers may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower Borrowers shall give the Applicable Agent at least one (1) Business Day's Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Applicable Agent at least two three (23) Eurodollar Business Days' Days prior written notice of such 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 with respect thereto, and (d) no Loan may be converted into a Eurodollar Rate Loan when any Event of Default has occurred and is continuingcontinuing and (e) the aggregate outstanding amount of Loans which, when added to the Maximum Drawing Amount and all Unpaid Reimbursement Obligation, are in excess of Borrowing Base A may not be converted into Eurodollar Rate Loans. On the date on which such conversion is being made each Applicable Bank shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All Except as provided in clause (e) above, all or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 1,000,000 or a whole multiple of $500,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one (1) Business Day's prior written notice (or telephone notice promptly confirmed in writing) no later than 11:00 a.m. (Boston time) on the date of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Rate Loan, if such conversion shall only be is not made on the last day of the Interest Period with respect thereto, such conversion shall require the payment of any amounts due under §4.9 hereof, and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to into a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 100,000 or an integral a whole multiple of $100,000 in excess thereof and (z) any a partial conversion of any Loan to into a Eurodollar LIBOR Rate Loan shall be in an aggregate principal amount of $500,000.00 500,000 or a whole multiple of $500,000.00 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the applicable Borrower shall give the Applicable Administrative Agent at least one (1) Business Day's Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the applicable Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, thereto and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 5,000,000 or a whole multiple of $500,000.00 1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion to Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Prime Rate Loan, the Borrower shall give the Applicable Administrative Agent at least one three (13) Business Day's Days prior written notice of such election; (b) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower shall give the Applicable Administrative Agent at least two three (23) Eurodollar LIBOR Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Prime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto, thereto or such other day so long as the amounts required to be paid in accordance with Section 5.9 shall be paid at the time of any conversion that occurs on a day other than the last day of the Interest Period and (d) no Loan may be converted into a Eurodollar LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Tranche A Commitment Percentage or Gold and/or it Tranche B Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of $500,000.00 1,000,000 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000.00 or a whole multiple of $500,000.00 in excess 1,000,000 thereof. Each Conversion Request relating to the conversion of a Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Loan. The Borrower Borrowers may elect from time to time time, by giving the Administrative Agent written notice in the form of Exhibit 2.3.1 by 1:00 p.m. Eastern time, to convert any portion of the outstanding Loan Loans (other than Swingline Loans) to a Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower Borrowers shall give the Applicable Administrative Agent at least one three (13) Business Day's Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar LIBOR Rate Loan, the Borrower Borrowers shall give the Applicable Administrative Agent at least two three (23) Eurodollar Business Days' Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect theretothereto unless the Borrowers pay breakage fees to the extent required pursuant to Section 6.12, and (d) no Loan may be converted into into, or continued as, a Eurodollar LIBOR Rate Loan when any Event of Default has occurred and is continuing. Promptly upon the receipt of any such election, the Administrative Agent shall notify the Lenders thereof. On the date on which such conversion is being made made, each Applicable Bank Lender shall take such action, if any, action as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Loans to its Domestic Lending Office or its Eurodollar LIBOR Lending Office, as the case may be. All or any part of outstanding Loans (other than Swingline Loans) of any Type may be converted into a Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan with respect to a Base Rate Loan Loans shall be in an aggregate principal amount of $500,000.00 1,000,000 or an integral multiple thereof and (z) any partial conversion of any Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount whole multiples of $500,000.00 or a whole multiple of $500,000.00 1,000,000 in excess thereof. Each Conversion Request by the Borrowers relating to the conversion of a Loan any portion of the Loans to a Eurodollar LIBOR Rate Loan shall be irrevocable by the Borrowerirrevocable.