Common use of CONVERSIONS OF GENERAL REVOLVING LOANS Clause in Contracts

CONVERSIONS OF GENERAL REVOLVING LOANS. The Borrower shall have the option to convert on any Business Day all or a portion at least equal to the applicable Minimum Borrowing Amount of the outstanding principal amount of the outstanding Loans comprising a Borrowing into a Borrowing or Borrowings of the other Type of Loan PROVIDED that: (i) no partial conversion of a Borrowing of Eurodollar Loans shall reduce the outstanding principal amount of the Eurodollar Loans made pursuant to such Borrowing to less than the Minimum Borrowing Amount applicable thereto; (ii) any conversion of Eurodollar Loans into Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans; (iii) Prime Rate Loans may only be converted into Eurodollar Loans if no Default or Event of Default is in existence on the date of the conversion unless the Lender otherwise agrees; and (iv) Borrowings of Eurodollar Loans resulting from this section 2.6 shall conform to the requirements of section 2.2. Each such conversion shall be effected by the Borrower giving the Lender at its Notice Office, prior to 11:00 A.M. (local time at such Notice Office), at least three Business Days' (or prior to 11:00 A.M. (local time at such Notice Office) one Business Day's, in the case of a conversion into Prime Rate Loans), prior written notice (or telephonic notice, promptly confirmed in writing if so requested by the Lender) (each a "NOTICE OF CONVERSION"), substantially in the form of Exhibit B-2, specifying the Loans to be so converted, the Type of Loans to be converted into and, if to be converted into a Borrowing of Eurodollar Loans, the Interest Period to be initially applicable thereto. For the avoidance of doubt, the prepayment or repayment of any Loans out of the proceeds of other Loans by the Borrower is not considered a conversion of Loans into other Loans.

CONVERSIONS OF GENERAL REVOLVING LOANS. The Borrower shall have the option to convert on any Business Day all or a portion at least equal to the applicable Minimum Borrowing Amount of the outstanding principal amount of the outstanding Loans comprising a Borrowing under the General Revolving Facility into a Borrowing or Borrowings under the same Facility of the other Type of Loan which can be made pursuant to such Facility, PROVIDED that: (i) no partial conversion of a Borrowing of Eurodollar Loans shall reduce the outstanding principal amount of the Eurodollar Loans made pursuant to such Borrowing to less than the Minimum Borrowing Amount applicable thereto; (ii) any conversion of Eurodollar Loans into Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans; (iii) Prime Rate Loans may only be converted into Eurodollar Loans if no Default under section 10.1(a) or Event of Default is in existence on the date of the conversion unless the Lender Required Lenders otherwise agreesagree; and (iv) Borrowings of Eurodollar Loans resulting from this section 2.6 2.7 shall conform to the requirements of section 2.2. Each such conversion shall be effected by the Borrower giving the Lender Administrative Agent at its Notice Office, prior to 11:00 A.M. (local time at such Notice Office), at least three Business Days' (or prior to 11:00 A.M. (local time at such Notice Office) one same Business Day's, in the case of a conversion into Prime Rate Loans), ) prior written notice (or telephonic notice, notice promptly confirmed in writing if so requested by the LenderAdministrative Agent) (each a "NOTICE OF CONVERSION"), substantially in the form of Exhibit B-2, specifying the Loans to be so converted, the Type of Loans to be converted into and, if to be converted into a Borrowing of Eurodollar Loans, the Interest Period to be initially applicable thereto. For the avoidance of doubt, the prepayment or repayment of any Loans out of the proceeds of other Loans by the Borrower is not considered a conversion of Loans into other Loans.in

CONVERSIONS OF GENERAL REVOLVING LOANS. The Borrower shall have the option to convert Convert on any Business Day all or a portion at least equal to the applicable Minimum Borrowing Amount of the outstanding principal amount of the outstanding its General Revolving Loans comprising a Borrowing of one Type into a Borrowing or Borrowings pursuant to the same Facility of the other another Type of Loan PROVIDED Loans which can be made pursuant to such Facility, provided that: (i) no partial conversion Conversion of a Borrowing of Eurodollar Loans shall reduce the outstanding principal amount of the Eurodollar Loans made pursuant to such Borrowing to less than the Minimum Borrowing Amount applicable thereto; (ii) any conversion Conversion of Eurodollar Loans into Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans; (iii) Prime Rate Loans may only be converted Converted into Eurodollar Loans if no Default under section 10.1(a) or Event of Default is in existence on the date of the conversion Conversion unless the Lender Required Lenders otherwise agreesagree; and (iv) Borrowings of Eurodollar Loans resulting from this section 2.6 2.5 shall conform to the requirements of section 2.22.2(d). Each such conversion Conversion shall be effected by the Borrower giving the Lender Administrative Agent at its Notice Office, prior to 11:00 A.M. (local time at such Notice Office), at least three Business Days' (or prior to 11:00 A.M. (local time at such Notice Office) one same Business Day's, in the case of a conversion Conversion into Prime Rate Loans), ) prior written notice (or telephonic notice, notice promptly confirmed in writing if so requested by the LenderAdministrative Agent) (each a "NOTICE OF CONVERSIONNotice of Conversion"), substantially in the form of Exhibit B-2, specifying the Loans to be so convertedConverted, the Type of Loans to be converted Converted into and, if to be converted Converted into a Borrowing of Eurodollar Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed Conversion affecting any of its Loans. For the avoidance of doubt, the prepayment or repayment of any General Revolving Loans out of the proceeds of other General Revolving Loans by the Borrower is not considered a conversion Conversion of General Revolving Loans into other General Revolving Loans.

CONVERSIONS OF GENERAL REVOLVING LOANS. The Borrower shall have the option to convert on any Business Day all or a portion at least equal to the applicable Minimum Borrowing Amount of the outstanding principal amount of the outstanding Loans comprising a Borrowing under the General Revolving Facility into a Borrowing or Borrowings under the same Facility of the other Type of Loan which can be made pursuant to such Facility, PROVIDED that: (i) no partial conversion of a Borrowing of Eurodollar Loans shall reduce the outstanding principal amount of the Eurodollar Loans made pursuant to such Borrowing to less than the Minimum Borrowing Amount applicable thereto; (ii) any conversion of Eurodollar Loans into Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Eurodollar Loans; (iii) Prime Rate Loans may only be converted into Eurodollar Loans if no Default under section 10.1(a) or Event of Default is in existence on the date of the conversion unless the Lender Required Lenders otherwise agreesagree; and (iv) Borrowings of Eurodollar Loans resulting from this section 2.6 2.7 shall conform to the requirements of section 2.2. Each such conversion shall be effected by the Borrower giving the Lender Administrative Agent at its Notice Office, prior to 11:00 A.M. (local time at such Notice Office), at least three Business Days' (or prior to 11:00 A.M. (local time at such Notice Office) one same Business Day's, in the case of a conversion into Prime Rate Loans), ) prior written notice (or telephonic notice, notice promptly confirmed in writing if so requested by the LenderAdministrative Agent) (each a "NOTICE OF CONVERSION"), substantially in the form of Exhibit B-2, specifying the Loans to be so converted, the Type of Loans to be converted into and, if to be converted into a Borrowing of Eurodollar Loans, the Interest Period to be initially applicable thereto. The Administrative Agent shall give each Lender prompt notice of any such proposed conversion affecting any of its Loans. For the avoidance of doubt, the prepayment or repayment of any Loans out of the proceeds of other Loans by the Borrower is not considered a conversion of Loans into other Loans.