Interest Rate Conversions. The Borrowers shall have the option to convert, on any Business Day, all or a portion equal to at least the Minimum Borrowing Amount of the outstanding principal amount of Term Loans of a given Tranche made pursuant to one or more Borrowings of one or more Types of Term Loans, into a Borrowing (of the same Tranche) of another Type of Term Loan, provided that (i) except as otherwise provided in Section 2.11, (x) LIBO Rate Term Loans may be converted into Base Rate Term Loans only on the last day of an Interest Period applicable to the Term Loans being converted and no such partial conversion of LIBO Rate Term Loans, as the case may be, shall reduce the outstanding principal amount of such LIBO Rate Term Loans, made pursuant to a single Borrowing to less than the Minimum Borrowing Amount, (ii) unless the Required Lenders otherwise agree, Base Rate Term Loans may only be converted into LIBO Rate Term Loans if no Event of Default is in existence on the date of the conversion, and (iii) no conversion pursuant to this Section 2.06 shall result in a greater number of Borrowings of LIBO Rate Term Loans than is permitted under Section 2.02. Such conversion shall be effected by the Lead Borrower by giving the Administrative Agent at the Notice Office prior to 12:00 Noon (New York City time) at least three Business Days’ prior notice (in the case of any conversion to or continuation of LIBO Rate Term Loans) or one Business Day’s notice (in the case of any conversion to Base Rate Term Loans) (each, a “Notice of Conversion/Continuation”) in the form of Exhibit A-2, appropriately completed to specify the Term Loans of a given Tranche to be so converted, the Borrowing or Borrowings pursuant to which such Term Loans were incurred and, if to be converted into LIBO Rate Term 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 Term Loans.
Interest Rate Conversions. (i) Subject to the terms and conditions hereof, Lenders shall permit the Borrowers to convert all or any portion of the outstanding Loans (other than Loans denominated in an Optional Currency and Swingline Loans) from a Prime Loan to a LIBOR Loan or from a LIBOR Loan to a Prime Loan, and Lenders shall permit the Borrowers to request a new Interest Period for any existing LIBOR Loan (including Loans denominated in an Optional Currency) at the end of its then current Interest Period, upon timely oral or written notice ("Conversion Notice") to Agent, in writing signed by the authorized representative of the Borrowers (including any such notice by facsimile transmission) specifying: (A) the amount of the outstanding Loan being converted to a new interest rate basis, or the amount of the LIBOR Loan being continued as a LIBOR Loan for a new Interest Period, (B) the applicable interest rate option being selected, (C) if a LIBOR Loan is requested, the Interest Period, which in no event shall extend beyond the last day of the Term hereof, and (D) the effective date, which shall be a Business Day, and if pertaining to an existing LIBOR Loan, shall also be the last day of the then current Interest Period. Each Conversion Notice must be received by Agent not later than 11:00 a.m. (St. Louis time) on the Business Day on which a conversion to a Prime Loan is to be made, and not later than 11:00 a.m. (St. Louis time) on the third (3rd) Business Day prior the Business Day on which a conversion to a LIBOR Loan denominated in Dollars is to be made. Each Conversion Notice for extension of an existing LIBOR Loan denominated in Dollars for a new Interest Period must be received by Agent not later than 11:00 a.m. (St. Louis time) on the third (3rd) Business Day prior to the last day of the then current Interest Period and for an extension of an existing LIBOR Loan denominated in an Optional Currency for a new Interest Period must be received by the Agent not later than 11:00 a.m. (St. Louis time) on the fourth (4th) Business Day prior to the last day of the then current Interest Period. Any oral notice furnished by the Borrowers shall be confirmed by the Borrowers by the delivery of a written Conversion Notice to Agent (at its request) not later than the close of business on the next succeeding Business Day. Upon receipt of a Conversion Notice given to it, Agent shall notify each Lender by 12:00 noon (St. Louis time) on the date of receipt of such Conversion Notice by Agent of ...
Interest Rate Conversions. Unless the Borrower otherwise elects to continue any LIBOR Loan by written notice to the Agent not less than three (3) days in advance, any LIBOR Loan will be continued such upon the expiration of the Interest Period with respect thereto; provided, that, no LIBOR Loan will be continued as such when any Event of Default has occurred and is continuing, but shall automatically be converted to a Base Rate Loan on the last day of the Interest Period with respect thereto. The Interest Period for any such continued LIBOR Loan shall be of the same duration as the Interest Period of the LIBOR Loan so continued, unless otherwise specified by the Borrower in a Notice of Term Loan Borrowing or Notice of Revolving Loan Borrowing or (x) in the case of Revolving Loans, if such Interest Period would extend beyond the Revolving Credit Maturity Date, then such Interest Period will end on the Revolving Credit Maturity Date and (y) in the case of Term Loans, if such Interest Period would extend beyond the Term Loan Maturity Date, then such Interest Period will end on the Term Loan Maturity Date.
Interest Rate Conversions. Subject to the terms and conditions hereof, Lenders shall permit the Borrower to convert outstanding Revolving Credit Loans from a Base Rate Loan to a LIBOR Loan or from a LIBOR Loan to a Base Rate Loan, and Lenders shall permit the Borrower to request a new Interest Period for any existing LIBOR Loan at the end of its then current Interest Period, upon timely notice ("Conversion Notice") to Administrative Agent, in writing signed by the authorized representative of the Borrower (including any such notice by facsimile transmission) specifying: (1) the amount of the outstanding Revolving Credit Loan being converted to a new interest rate basis, or the amount of the LIBOR Loan being continued as a LIBOR Loan for a new Interest Period, (2) the applicable interest rate option being selected, (3) if a LIBOR Loan is requested, the Interest Period, which in no event shall extend beyond the last day of the Term hereof, and (4) the effective date, which shall be a Business Day, and if pertaining to an existing LIBOR Loan, shall also be the last day of the then current Interest Period. Each Conversion Notice must be received
Interest Rate Conversions. Subject to the terms and conditions hereof, Lenders shall permit the Borrower to convert outstanding Revolving Credit Loans or outstanding Reducing Revolver Loans from a Prime Loan to a LIBOR Loan or from a LIBOR Loan to a Prime Loan, and Lenders shall permit the Borrower to request a new Interest Period for any existing LIBOR Loan at the end of its then current Interest Period, upon timely notice ("Conversion Notice") to Agent, in writing signed by the authorized representative of the Borrower (including any such notice by facsimile transmission) specifying: (1) the amount of
Interest Rate Conversions. Request, negotiate and enter into one or more agreements with Lender for: (a) choosing an interest rate product or option and an interest rate quote to be made applicable to loans now existing or to be made in the future; (b) options to lock specific interest rates in accordance with Lender's procedures; (c) payment of fees in order to lock rates and/or convert or otherwise obtain the negotiated rate; (d) compensating Lender for losses and costs incurred by Lender as a result of Borrower's failure to accept loans in full or in part with the committed interest rates and interest options negotiated by the Interest Rate Pricing and Conversion Agent; and (e) the conversion of the rate(s) of interest and/or methodologies for calculating the rate(s) of interest applicable to existing loans, loans made contemporaneously herewith or loans to be made in the future by Lender to Borrower to such other interest rates and/or interest methodologies as may from time to time be offered by Lender, subject to terms and conditions set forth by Lender.
Interest Rate Conversions. Any Eurodollar Loan will be continued as such upon the expiration of the Eurodollar Interest Period with respect thereto; provided that no Eurodollar Loan will be continued as such when any Default or Event of Default has occurred and is continuing, but shall automatically be converted to a Base Rate Loan on the last day of the Eurodollar Interest Period with respect thereto. The Eurodollar Interest Period for any such continued Eurodollar Loan shall be of the same duration as the Eurodollar Interest Period of the Eurodollar Loan so continued, unless otherwise specified by the Partnership as provided in the definition of Eurodollar Interest Period in Appendix A; provided, that the Eurodollar Interest Period commencing at the end of the first Eurodollar Interest Period applicable to the Term Loans shall be three months.
Interest Rate Conversions. Initially the Tranche A Term Loans will be Eurodollar Loans. Any Eurodollar Loan will be continued as such upon the expiration of the Eurodollar Interest Period with respect thereto; provided, that no Eurodollar Loan will be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the Eurodollar Interest Period with respect thereto.
