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

Conversion to Different Type of Revolving Credit Loan. The Domestic Borrowing Administrator, on behalf of any Domestic Borrower, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign Revolving Credit Loan, as applicable, to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan to a Base Rate Loan, the applicable Borrowing Administrator shall give the 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 LIBOR Rate Loan or an IBOR Rate Loan, the applicable Borrowing Administrator shall give the Administrative Agent at least three (3) Business Days’ prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period therefor; (d) no Domestic Borrower may convert a Domestic Revolving Credit Loan to an IBOR Rate Loan; (e) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (f) no Revolving Credit Loan may be converted into a LIBOR Rate Loan or an IBOR Rate Loan if, with the consent or at the request of the Required Lenders, the Administrative Agent has accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) and such acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administrator. On the date on which such conversion is being made each 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 LIBOR Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into Revolving Credit Loans of another Type as provided herein, provided that any partial conversion 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 LIBOR Rate Loan or an IBOR Rate Loan shall be irrevocable by the applicable Borrowers or Borrowing Administrator.

Conversion to Different Type of Revolving Credit Loan. The Domestic Borrowing Administrator, on behalf of any Domestic Borrower, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign Revolving Credit Loan, as applicable, to a Revolving Credit Loan of another Type, provided that (ai) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan to a Base Rate Loan, the applicable Borrowing Administrator Borrower shall give the Administrative Agent Agents at least one (1) Business Day’s 's prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan or an IBOR Rate Loan, the applicable Borrowing Administrator Borrower shall give the Administrative Agent Agents at least three (3) LIBOR Business Days’ ' prior written notice of such election; (ciii) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan into a Base Rate Loan, such conversion shall only be made at the end of business on the last day of the Interest Period thereforwith respect thereto; (div) no Domestic Borrower more than six (6) different Interest Rate Periods in respect of LIBOR Rate Loans may convert a Domestic Revolving Credit Loan to an IBOR Rate Loanbe in effect at any time; and (ev) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (f) no Revolving Credit Loan may be converted into a LIBOR Rate Loan when any Default or an IBOR Rate Loan if, with the consent or at the request Event of the Required Lenders, the Administrative Agent Default has accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) occurred and such acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administratoris continuing. On the date on which such conversion is being made each Lender 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 LIBOR 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 Loans Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $500,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Base Rate Loan to a LIBOR Rate Loan or an IBOR Rate Loan shall be irrevocable by the applicable Borrowers or Borrowing AdministratorBorrower. 2.7.2.

Conversion to Different Type of Revolving Credit Loan. The Domestic Borrowing Administrator, on behalf of any Domestic Borrower, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, Any Revolver Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign (other than a Revolving Credit Loan, as applicable, Loan constituting an advance on the Overdraft Facility) 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 LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan to a Base Rate Loan, the applicable Borrowing Administrator such Revolver Borrower shall give the Administrative Agent at least one (1) Business Day’s prior written notice of such electionelection by not later than 10:30 a.m. on such Conversion Date; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan, the applicable Borrowing Administrator such Revolver Borrower shall give the Administrative Agent at least three (3) Business Days’ Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan into a Base Rate LoanRevolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period therefor; with respect thereto and (d) no Domestic Borrower may convert a Domestic Revolving Credit Loan to an IBOR Rate Loan; (e) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (f) no Revolving Credit Loan may be converted into a LIBOR Eurocurrency Rate Loan when any Default or an IBOR Rate Loan if, with the consent or at the request Event of the Required Lenders, the Administrative Agent Default has accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) occurred and such acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administratoris continuing. On the date on which such conversion is being made each Lender 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 LIBOR Eurocurrency Lending Office, as the case may be. All or any part of 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 Loans Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $500,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan shall be irrevocable by the applicable Borrowers or Borrowing AdministratorRevolver Borrower.

Conversion to Different Type of Revolving Credit Loan. The Domestic Borrowing Administrator, on behalf of any Domestic Borrower, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign Revolving Credit Loan, as applicable, to a Revolving Credit Loan of another Type, provided PROVIDED that (a) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Revolving Credit Loan to a Base Rate Loan or to a Federal Funds Rate Loan, the applicable Borrowing Administrator Borrower shall give the 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 or a Federal Funds Rate Loan to a LIBOR Rate Loan or an IBOR Eurodollar Rate Loan, the applicable Borrowing Administrator Borrower shall give the Administrative Agent at least three four (34) Eurodollar Business Days’ Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Eurodollar Rate Loan into a Base Rate LoanRevolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period thereforwith respect thereto; and (d) no Domestic Borrower may convert a Domestic Revolving Credit Loan to an IBOR Rate Loan; (e) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (f) no Revolving Credit Loan may be converted into a LIBOR Eurodollar Rate Loan or an IBOR a Federal Funds Rate Loan if, with the consent when any Default or at the request Event of the Required Lenders, the Administrative Agent Default has accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) occurred and such acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administratoris continuing. On the date on which such conversion is being made each Lender 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 LIBOR 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 Loans Loan of another Type as provided herein, provided PROVIDED that any partial conversion shall be in an aggregate principal amount of $500,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Eurodollar Rate Loan or an IBOR a Federal Funds Rate Loan shall be irrevocable by the applicable Borrowers or Borrowing AdministratorBorrower.

Conversion to Different Type of Revolving Credit Loan. The Domestic Borrowing Administratorapplicable Borrower or, on behalf of any Domestic Borroweras the case may be, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, Borrowers may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign Revolving Credit denominated in Dollars (other than a Swingline Loan, as applicable, ) to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan to a Base Rate Loan, the applicable Borrowing Administrator Borrower or, as the case may be, Borrowers shall give the 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 LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan, the applicable Borrowing Administrator Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least three four (34) Business Days’ Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period therefor; with respect thereto and (d) no Domestic Borrower may convert a Domestic Revolving Credit Loan to an IBOR Rate Loan; (e) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (f) no Revolving Credit such Loan may be converted into a LIBOR Eurocurrency Rate Loan when any Default or an IBOR Rate Loan if, with the consent or at the request Event of the Required Lenders, the Administrative Agent Default has accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) occurred and such acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administratoris continuing. On the date on which such conversion is being made each Lender shall take such action as is necessary to transfer its Commitment Percentage or Last Out Revolving Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans (other than Swingline Loans) of any Type denominated in Dollars may be converted into Revolving Credit Loans a Loan of another Type denominated in Dollars as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $500,000 5,000,000 or an integral a multiple of $100,000 1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan (other than a Swingline Loan) to a LIBOR Rate Loan or an IBOR Eurocurrency Rate Loan shall be irrevocable by the applicable Borrowers or Borrowing AdministratorBorrowers.