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

Conversion to Different Type of Revolving Credit 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 Agent at least one (1) Business Days' prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect thereto; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least three (3) Eurodollar Business Days' prior written notice of such election; and (c) no Loan may be converted into a Eurodollar 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 Bank shall take such action as is necessary to transfer its Commitment Percentage 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 any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 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 Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED provided that (a) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Days' prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect thereto; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Administrative Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; (b) 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 (c) no Revolving Credit Loan may be converted into a Eurodollar 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 Bank Lender shall take such action as is necessary to transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) of a Base Rate Loan into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 500,000 or a whole an integral multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Days' Day prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect theretoelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; and (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 Revolving Credit Loan may be converted into a Eurodollar 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 Bank Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into to a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 or a whole an integral multiple of $250,000 500,000 in excess thereof thereof, and (b) into any partial conversion to a Base Rate Loan shall be in an aggregate principal amount of $100,000 500,000 or a whole an integral multiple of $50,000 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The Any Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, PROVIDED provided that (a) with respect to any such conversion of a Eurocurrency Rate Loan to a Base Rate Loan, the such Borrower shall give the Agent at least one (1) Business Days' prior written notice of such election and by not later than 10:30 a.m. on such conversion shall only be made on the last day of the Interest Period with respect theretoConversion Date; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the such Borrower shall give the Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; and (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Base Rate Loan may be converted into a Eurodollar Eurocurrency 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 Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) denominated in Dollars of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by the applicable Borrower.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Days' prior written notice of such election and such conversion shall only be made no later than 12:00 p.m. (Boston time) on the last day proposed date of the Interest Period with respect theretosuch conversion; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; and (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 Revolving Credit Loan may be converted into a Eurodollar 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 Bank Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 500,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The Any Domestic Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, PROVIDED that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the such Borrower shall give the Agent at least one (1) Business Days' prior written notice of such election and such conversion shall only be made prior to 11:00 a.m. (Boston time) on the last day date of the Interest Period with respect theretosuch conversion; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the such Borrower shall give the Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; and (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Base Rate Loan may be converted into a Eurodollar Eurocurrency 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 Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans denominated in Dollars of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by the a Borrower.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another the other Type, PROVIDED that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Days' Day's prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect theretoelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days' prior written notice of such election; and (c) no Revolving Credit Loan may be converted into a Eurodollar 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 Bank Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another the other Type as provided herein, PROVIDED that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 250,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The Any Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan made to it to a Revolving Credit Loan of another Type, PROVIDED provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Xxxxxxx-Xxxxxxx, on behalf of such Borrower shall give the Agent at least one (1) Business Days' Day's prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect theretoelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Xxxxxxx-Xxxxxxx, on behalf of such Borrower, shall give the Agent at least three (3) Eurodollar Business Days' prior written notice of such election; and (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan following receipt of notice from the Agent when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made each Bank Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate principal amount of $1,000,000 500,000 or a whole multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrowerirrevocable.

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED provided that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower Borrowers shall give the Agent at least one (1) Business Days' Day prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect theretoelection; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers shall give the Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; (iii) 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 (civ) no Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuingcontinuing or if such conversion is not permitted by ss.2.6.3. On the date on which such conversion is being made each Bank Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into a Eurodollar Rate Loan shall be in an a minimum aggregate principal amount of $1,000,000 5,000,000 or a whole an integral multiple of $250,000 in excess thereof and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole multiple of $50,000 500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any Outstanding outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Prime Rate Loan, the Borrower shall give the Agent at least one (1) Business Days' Day prior written notice of such election and such conversion shall only be made on the last day of the Interest Period with respect theretoelection; (b) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least three (3) Eurodollar Business Days' Days prior written notice of such election; and (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto or, if not made on such date, shall be subject to the provisions of Section 4.9 hereof and (d) no Revolving Credit Loan may be converted into a Eurodollar 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 Bank shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of Outstanding outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion (a) into a Eurodollar Rate Loan shall be in an aggregate minimum principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof 200,000 and (b) into a Base Rate Loan shall be in an aggregate principal amount of $100,000 or a whole integral multiple of $50,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower.