Common use of Converting Loan to Other Type of Loan Clause in Contracts

Converting Loan to Other Type of Loan. Subject to Sections 3.1, 3.7 and 3.8 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 6.4, requested the relevant Lenders to convert all or a portion of an outstanding Loan (other than a BA Rate Loan) into another type of Loan (other than a BA Rate Loan), each relevant Lender shall, on the date of conversion (which, in the case of the conversion of all or a portion of an outstanding LIBOR Loan or Gold Loan, shall be the date on which such Loan matures), continue to extend credit to such Borrower by way of the type of Loan into which the outstanding Loan or a portion thereof is converted (with a repayment and a subsequent advance of funds to such Borrower) in the aggregate principal amount equal to such Lender's Pro Rata Share of the principal amount or the Exchange Equivalent, Gold Loan Equivalent or Dollar Loan Equivalent of the principal amount, as the case may be, of the outstanding Loan or the portion thereof which is being converted.

Converting Loan to Other Type of Loan. Subject to Sections 3.1, 3.7 and 3.8 and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 6.4, requested the relevant Lenders to convert all or a portion of an outstanding Loan (other than a BA Rate Loan) into another type of Loan (other than a BA Rate Loan), each relevant Lender shall, on the date of conversion (which, in the case of the conversion of all or a portion of an outstanding LIBOR Loan or Gold Loan, shall be the date on which such Loan matures), continue to extend credit to such Borrower by way of the type of Loan into which the outstanding Loan or a portion thereof is converted (with a repayment and a subsequent advance of funds to such Borrower) in the aggregate principal amount equal to such Lender's Pro Rata Share of the principal amount or the Exchange Equivalent, Gold Loan Equivalent or Dollar Loan Equivalent of the principal amount, as the case may be, of the outstanding Loan or the portion thereof which is being converted.

Converting Loan to Other Type of Loan. Subject to Sections 3.1, 3.7 and 3.8 Section 3.07 and provided that the relevant applicable Borrower has, by giving notice to the Administrative Agent in accordance with Section 6.46.04, requested the relevant Lenders to convert all or a portion of an outstanding Loan (other than a BA Rate Loan) into another type of Loan (other than a BA Rate Loan), each relevant Lender shall, on the date of conversion (which, in the case of the conversion of all or a portion of an outstanding LIBOR Loan or Gold LIBO Loan, shall be the date on which such Loan matures), continue to extend credit to such Borrower by way of the type of Loan into which the outstanding Loan or a portion thereof is converted (with a repayment and a subsequent advance of funds to such Borrower) in the aggregate principal amount equal to such Lender's Pro Rata Share of the principal amount or the Exchange Equivalent, Gold Loan Equivalent or Dollar Loan Equivalent of the principal amount, as the case may be, of the outstanding Loan or the portion thereof which is being converted.

Converting Loan to Other Type of Loan. Subject to Sections 3.1, 3.7 3.7, 3.8 and 3.8 3.8A and provided that the relevant Borrower has, by giving notice to the Administrative Agent in accordance with Section 6.4, requested the relevant Lenders to convert all or a portion of an outstanding Loan (other than a BA Rate Loan) under the RT Facility into another type of Loan (other than a BA Rate Loan), each relevant Lender shall, on the date of conversion (which, in the case of the conversion of all or a portion of an outstanding LIBOR Loan or Gold Loan, shall be the date on which such Loan matures), continue to extend credit to such Borrower by way of the type of Loan into which the outstanding Loan or a portion thereof is converted (with a repayment and a subsequent advance of funds to such Borrower) in the aggregate principal amount equal to such Lender's Pro Rata Share of the principal amount or the Exchange Equivalent, Gold Loan Equivalent or Dollar Loan Equivalent of the principal amount, as the case may be, of the outstanding Loan or the portion thereof which is being converted.