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 Revolving Credit Loan to a Revolving Credit Loan of another 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 Agent written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversion; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent written notice of such election no later than 12:00 Noon Boston time three (3) Eurodollar Business Days prior to the proposed date of such conversion; (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 made as, or converted into, a Eurodollar Rate Loan during the continuance of a Default or Event of Default. On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund such Loans through its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED that any partial conversion into a Eurodollar Rate Loan shall be in a minimum aggregate amount of $1,000,000 or a whole multiple of $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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars or Canadian Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars or Canadian Dollars, PROVIDED as the case may be, provided that (a) with respect to any such conversion of a Eurodollar Rate Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the Agent at least one (1) Business Day prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the applicable Borrower shall give the Agent at least three (3) Business Days prior written notice of such election no later than 12:00 Noon Boston time three (3) Eurodollar Business Days prior to the proposed date of such conversionelection; (c) with respect to any such conversion of a Eurodollar 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; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Eurocurrency Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. The Agent shall promptly notify the Banks of such election (but in any event on the day the Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars or Canadian Dollars of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED provided that any partial conversion into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 500,000 or a whole an integral multiple of $100,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

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 Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least two (2) Eurodollar Business Days prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent written notice of such election no later than 12:00 Noon Boston time three at least two (32) Eurodollar Business Days prior to the proposed date written notice of such conversionelection; (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; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred 27 -20- and is continuing. On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund transfer its Revolving Credit Commitment Percentage of such Revolving Credit Loans through 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 into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 500,000 or a whole multiple of $100,000 250,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any 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 Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Days prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent written notice of such election no later than 12:00 Noon Boston time three at least two (32) Eurodollar Business Days prior to the proposed date written notice of such conversionelection; (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 made as, or converted into, into a Eurodollar Rate Loan during for an Interest Period of more than thirty (30) days if at the continuance date of such conversion the Borrower cannot satisfy the conditions set forth in ss.13 hereof; and (e) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of 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 into a Base Rate Loan shall be in an aggregate principal amount of $1,000,000 or a larger integral multiple of $100,000 in excess thereof, and any partial conversion into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 5,000,000 or a whole larger integral multiple of $100,000 1,000,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers' Representative may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrower Borrowers' Representative shall give the Administrative Agent at least one (1) Business Days prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower Borrowers' Representative shall give the Administrative Agent written notice of such election no later than 12:00 Noon Boston time at least three (3) Eurodollar Business Days prior to the proposed date written notice of such conversionelection; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another TypeBase Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a when any Default or Event of Defaulthas occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank Lender shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED that any partial conversion into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 or a whole an integral multiple of $100,000 1,000,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effectiveBorrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, PROVIDED that (a) with respect to any such conversion of a Eurodollar Rate Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Agent prior written notice of such election no later than 12:00 Noon 11:00 a.m. (Boston time time) on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent prior written notice of such election no later than 12:00 Noon 10:30 a.m. (Boston time three time) two (32) Eurodollar Business Days prior to the proposed date effectiveness of such conversionelection; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only shall, at the Borrower's option, either be made on the last day of the Interest Period with respect thereto; thereto or be made subject to the provisions of sec.6.9(c) of this Credit Agreement and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, PROVIDED that any partial conversion into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof100,000. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any 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 Administrative Agent at least one (1) Business Day prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent written notice of such election no later than 12:00 Noon Boston time at least three (3) Eurodollar Business Days prior to the proposed date written notice of such conversionelection; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another TypePrime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank Lender shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of 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 into to a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 or an integral multiple of $500,000 in excess thereof, and any partial conversion to a whole Prime Rate Loan shall be in an aggregate principal amount of $500,000 or an integral multiple of $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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any 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 two (2) Business Days prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent written notice of such election no later than 12:00 Noon Boston time three at least two (32) Eurodollar Business Days prior to the proposed date written notice of such conversionelection; (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 theretothereto or, if not made on such date, shall be subject to the provisions of ss.4.8 hereof; and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a Default or when any Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of 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 into a Eurodollar Rate Loan shall be in a an aggregate minimum aggregate principal amount of $1,000,000 or a whole 200,000 and an integral multiple of $100,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The applicable Borrower or, as the case may be, Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan 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 Eurodollar Eurocurrency Rate Loan to a Base Rate Loan, the applicable Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least three (3) Business Days prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the applicable Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least four (4) Business Days prior written notice of such election no later than 12:00 Noon Boston time three (3) Eurodollar Business Days prior to the proposed date of such conversionelection; (c) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Revolving Credit Loan of another TypeBase Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Eurocurrency Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank Lender shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type denominated in Dollars may be converted into a Revolving Credit Loan of another Type denominated in Dollars as provided herein, PROVIDED provided that any partial conversion into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 5,000,000 or a whole multiple of $100,000 1,000,000 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 Borrower. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effectiveBorrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrower Borrowers may elect from time to time to convert any 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 Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the Agent at least one (1) Business Day prior written notice of such election no later than 12:00 Noon Boston time on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, the applicable Borrower shall give the Agent at least three (3) Business Days prior written notice of such election no later than 12:00 Noon Boston time three (3) Eurodollar Business Days prior to the proposed date of such conversionelection; (c) with respect to any such conversion of a Eurodollar 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; thereto and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Eurocurrency Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. The Agent shall promptly notify the applicable Banks of such election (but in any event on the day the 21 -21- Agent receives an election by the Domestic Borrowers and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each Revolving Credit applicable Bank shall take such action as is necessary to fund transfer its Revolving A Commitment Percentage or Revolving B Commitment Percentage, as the case may be, of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of 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 into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 500,000 or a whole an integral multiple of $100,000 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. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective.

Conversion to Different Type of Revolving Credit Loan. The Borrower may elect from time to time to convert any 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 Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent prior written notice of such election no later than 12:00 Noon 11:00 a.m. (Boston time time) on the proposed date of such conversionelection; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Administrative Agent prior written notice of such election no later than 12:00 Noon 10:30 a.m. (Boston time time) three (3) Eurodollar Business Days prior to the proposed date effectiveness of such conversionelection; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only shall, at the Borrower's option, either be made on the last day of the Interest Period with respect thereto; thereto or be made subject to the provisions of 5.9(c) of this Credit Agreement and (d) no Revolving Credit Loan may be made as, or converted into, into a Eurodollar Rate Loan during the continuance of a when any Default or Event of DefaultDefault has occurred and is continuing. On the date on which such conversion is being made each Revolving Credit Bank Lender shall take such action as is necessary to fund transfer its Commitment Percentage of such Revolving Credit Loans through to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of 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 into a Eurodollar Rate Loan shall be in a minimum an aggregate principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof100,000. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower. The Revolving Credit Loans shall bear interest at the Base Rate unless a Revolving Credit Loan Request or a Conversion Request for a Eurodollar Rate Loan with respect to any Revolving Credit Loan is made by the Borrower and such request has become effective2.7.2.