Common use of Conversions and Elections of Subsequent Interest Periods Clause in Contracts

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 shall be subject to the limitations on Eurodollar Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable Lenders, as the case may be.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 shall be subject to the limitations on Eurodollar Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable Lenders, as the case may be.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Convert all or a part of Eurodollar Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) i. elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) . Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 shall be subject to the limitations on Eurodollar Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable Lenders, as the case may be.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Day, Convert all or a part of Eurodollar Term Benchmark Loans or RFR Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Term Benchmark Loans; andor (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Term Benchmark Loans to begin on the last day of the current Interest Period for such Eurodollar Term Benchmark Loans; or (ii) Convert all or a part of Base Rate Loans (other than Swing Line Loans) or RFR Loans to Eurodollar Term Benchmark Loans on any Business Day; or (c) on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon, Convert all or a part of Base Rate Loans or Term Benchmark Loans to RFR Loans. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Term Benchmark Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 shall be subject to the limitations on Eurodollar Term Benchmark Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable Lenders, as the case may be.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereofARTICLE IV, the Borrower Borrowers may: (a) upon notice delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Administrative Agent Lender on or before 12:00 noon 10:30 A.M. on any Business Day Day, Convert all or a part of Eurodollar Rate Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Rate Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and upon delivery, effective upon receipt, of a properly completed Interest Rate Selection Notice to the Lender on or before 10:30 A.M. three (3) Business Days’ notice ' prior to the Administrative Agent on date of such election or before 12:00 noonConversion: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Rate Loans to begin on the last day of the then current Interest Period for such Eurodollar Rate Loans; orand (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Rate Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 SECTION 2.7 shall be subject to the limitations on Eurodollar Rate Loans set forth in the definition of “"Interest Period” " herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable LendersSECTIONS 2.1, as the case may be2.3 and ARTICLE IV.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Convert all or a part of Eurodollar Loans that are Revolving Credit Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) elect a subsequent Interest Period for all or a portion of Eurodollar Loans to begin on the last day of the current Interest Period for such Eurodollar Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 2.9 shall be subject to the limitations on Eurodollar Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Applicable Commitment Percentages of the applicable Lenders, as the case may be.

Conversions and Elections of Subsequent Interest Periods. Subject to the limitations set forth below and in Article IV hereof, the Borrower may: (a) upon notice to the Administrative Agent on or before 12:00 noon on any Business Day Convert all or a part of Eurodollar EurodollarTerm Benchmark Loans to Base Rate Loans on the last day of the Interest Period for such Eurodollar EurodollarTerm Benchmark Loans; and (b) provided that no Default or Event of Default shall have occurred and be continuing and on three (3) Business Days’ notice to the Administrative Agent on or before 12:00 noon: (i) elect a subsequent Interest Period for all or a portion of Eurodollar EurodollarTerm Benchmark Loans to begin on the last day of the current Interest Period for such Eurodollar EurodollarTerm Benchmark Loans; or (ii) Convert Base Rate Loans (other than Swing Line Loans) to Eurodollar EurodollarTerm Benchmark Loans on any Business Day. Notice of any such elections or Conversions shall specify the effective date of such election or Conversion and, with respect to Eurodollar EurodollarTerm Benchmark Loans, the Interest Period to be applicable to the Loan as Continued or Converted. Each election and Conversion pursuant to this Section 2.12 shall be subject to the limitations on Eurodollar EurodollarTerm Benchmark Loans set forth in the definition of “Interest Period” herein and in Article IV hereof. All such Continuations or Conversions of Loans shall be effected pro rata based on the Revolving Percentages or Term Percentages of the applicable Lenders, as the case may be.