Common use of Optional Conversion of Advances Clause in Contracts

Optional Conversion of Advances. Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 and 2.14, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of the Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11(a), Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type (it being understood that such Conversion of an Advance or of the same Type but having its Interest Period does not constitute a new Interest Periodrepayment or prepayment of such Advance); provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall be substantially in the form of Exhibit H hereto, and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion to Eurocurrency Rate Advances and not later than 11:00 A.M. (New York City time) on the date of the proposed Conversion in the case of a Conversion to Base Rate Advances and subject to the provisions of Sections 2.10 2.08, 2.12 and 2.149.04(c), Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 a.m. (Local Time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or (such notice, a “Notice of the same Type but having a new Interest PeriodConversion”); provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate AdvancesAdvances unless the Borrower has made the payments required under Section 9.04(c), any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice Notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.12 and 2.142.16, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower The Company may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type and one Class comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodClass; provided, however, that (1) any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, (2) any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified $10,000,000 or in Section 2.02(ban integral multiple of $1,000,000 in excess thereof, (3) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and (4) each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders with Advances comprising such Borrowing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedCompany giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon the time a Notice of Borrowing would be required under Section 2.02 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the third Business Day prior to the effective date of the proposed Conversion such election, and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) Borrowing Minimum for Eurodollar Rate Advances and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Term SOFR Advances or Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Term SOFR Advances or Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Term SOFR Advances or Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Term SOFR Advances or Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part portion of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.02(c) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (New York time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior) and subject to the provisions of Sections 2.10 and 2.14, Convert all or any part of Advances denominated in Dollars made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) Applicable Minimum Amount and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert any or all or any part of Advances made to such Borrower of one Type comprising the same Borrowing made to it into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.06 and 2.142.10, Convert all or a portion of all (comprising, in the case of any part portion, a ratable portion of the respective Advances made to such Borrower of each Lender and in an aggregate amount not less than $25,000,000) Advances of one Type comprising the same Borrowing made to the Borrower into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, Advances and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)$25,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof) to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion for Conversions into Eurodollar Rate Advances and on the date of the proposed Conversion for conversions into Base Rate Advances and subject to the provisions of Sections 2.10 2.07 and 2.142.13, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01, and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day Day, with respect to Advances in Dollars, or the fifth Business Day, with respect to Advances in Sterling, prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Eurocurrency Rate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.09 and 2.142.13, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any ------------------------------- Business Day, upon notice given to the Administrative Funding Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Eurocurrency Rate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Either Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of the Advances made to such Borrower it of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert any or all or any part of Advances made to such Borrower of one Type comprising the same Borrowing made to it into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (Chicago time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior), and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances denominated in Dollars made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or (such notice, a “Notice of the same Type but having a new Interest PeriodConversion”); provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate AdvancesAdvances unless the Borrower has made the payments required under Section 8.04(c), any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice Notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice Notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or a portion of all (comprising, in the case of any part portion, a ratable portion of the respective Advances made to such Borrower of each Lender and in an aggregate amount not less than $10,000,000) Advances of one Type comprising the same Borrowing made to the Borrower into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, Advances and any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)$10,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof) to be Converted, Converted and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.02(c) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (Chicago time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior), and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or a portion of all (comprising, in the case of any part portion, a ratable portion of the respective Advances made to such Borrower of each Lender and in an aggregate amount not less than $10,000,000) Advances of one Type comprising the same Borrowing made to the Borrower into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, Advances and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)$10,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof) to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon (Boston, Massachusetts time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Revolving Credit Advances shall result in more separate Revolving Credit Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. No notice of Conversion shall be required to contain statements of the type contained in clause (A) or clause (B) on Exhibit B-1 hereto. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (New York time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances denominated in Dollars made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (i) any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, (ii) any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.01 and (iii) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion for Conversions into Eurodollar Rate Advances and on the date of the proposed Conversion for conversions into Base Rate Advances and subject to the provisions of Sections 2.10 2.07 and 2.142.13, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum an aggregate amount specified of $10,000,000 or an integral multiple of $1,000,000 in Section 2.02(b) excess thereof, and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (Chicago time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior), and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate SOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of SOFR Advances into Base Rate Advances made other than on the last day of an Interest Period for such SOFR Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate SOFR Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower The Borrowers may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day Day, with respect to Advances in Dollars, or the fifth Business Day, with respect to Advances in Sterling, prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.09 and 2.142.13, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Eurocurrency Rate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrowers.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (1) any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, (2) any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.02(c), (3) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and (4) each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders with Advances comprising such Borrowing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 p.m. (New York City time) on the (x) third Business Day prior to the date of the proposed Conversion of Advances from Base Rate Advances to Eurodollar Rate Advances and (y) the first Business Day prior to the date of the proposed Conversion of Advances from Eurodollar Rate Advances to Base Rate Advances, and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (a) Borrower shall pay any amounts owing pursuant to Section 8.04(c) in connection with any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.01 and (b) and no Conversion portion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)Advance may be Converted into a Eurodollar Rate Advance if any Event of Default has occurred and is continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Revolving Credit Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Revolving Credit Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and each Conversion of Advances comprising part of the same Jabil Credit Agreement Borrowing shall be made ratably among the Lenders in accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion for Conversions into Eurodollar Rate Advances and on the date of the proposed Conversion for conversions into Base Rate Advances and subject to the provisions of Sections 2.10 2.07 and 2.142.13, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01, and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.,

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent in substantially the form of Exhibit C not later than 12:00 noon 11:00 A.M. (New York City time) on the third second Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.8 and 2.143.1, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate LIBO RateSOFR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate LIBO RateSOFR Advances, any Conversion of Base Rate Advances into Eurodollar Rate LIBO RateSOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.2(c) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.2(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate LIBO RateSOFR Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.5125 WEIL:\98779117\5\64945.0060WEIL:\98789202\5\64945.0060 2216363.01-NYCSR03A - MSW

Optional Conversion of Advances. Each The Borrower may (x) on any U.S. Government Securities Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all Base Rate Advances into Term SOFR Advances and (y) on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Term SOFR Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodBase Rate Advances; provided, however, that any Conversion of Eurodollar Rate Term SOFR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Term SOFR Advances, any Conversion of Base Rate Advances into Eurodollar Rate Term SOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Term SOFR Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Revolving Credit Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Revolving Credit Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of the Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; providedPROVIDED, howeverHOWEVER, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances under any Facility shall result in more separate Borrowings under such Facility than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (1) any Conversion of Eurodollar EurocurrencyTerm Benchmark Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar EurocurrencyTerm Benchmark Rate Advances, (2) any Conversion of Base Rate Advances into Eurodollar EurocurrencyTerm Benchmark Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.02(c), (3) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and (4) each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders with Advances comprising such Borrowing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar EurocurrencyTerm Benchmark Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.12 and 2.142.16, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that the Borrower may not request that Swingline Advances be converted into or continued as Eurodollar RateSOFR Advances or Base Rate Advances, any Conversion of Eurodollar Rate RateSOFR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate RateSOFR Advances, any Conversion of Base Rate Advances into Eurodollar Rate RateSOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate RateSOFR Advances, the duration of the initial Interest Period for each such Advance. Each such notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted41 AmericasActive:16624138.

Optional Conversion of Advances. Each Either Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of the Advances made to such Borrower it of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Syndicated Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Syndicated Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (Chicago, Illinois time, or, subsequent to November 1, 2005, London time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert any or all or any part of Advances made to such Borrower of one Type comprising the same Borrowing made to it into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.09 and 2.142.13, Convert all the whole or any part of the Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last final day of an Interest Period for such Eurodollar Rate Advances, Advances and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) $1,000,000 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert any or all or any part of Advances made to such Borrower of one Type comprising the same Borrowing made to it into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such Borrower (other than Competitive Bid Advances) of one Type comprising the same Borrowing into Advances (other than Competitive Bid Advances) of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (w) no Eurocurrency Rate Advances of one currency shall be Converted into Eurocurrency Rate Advances of another currency, (x) any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, (y) any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.02(c) and (z) no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the currency of and the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.22, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Term Benchmark Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Term Benchmark Advances, any Conversion of Base Rate Advances into Eurodollar Rate Term Benchmark Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice (a “Notice of Conversion”) of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Term Benchmark Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 p.m. (New York City time) on the (x) third Business Day prior to the date of the proposed Conversion of Advances from Base Rate Advances to Eurodollar Rate Advances and (y) the first Business Day prior to the date of the proposed Conversion of Advances from Eurodollar Rate Advances to Base Rate Advances, and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (a) Borrower shall pay any amounts owing pursuant to Section 8.04(c) in connection with any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.01(a) and (b) no Conversion portion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)Advance may be Converted into a Eurodollar Rate Advance if any Event of Default has occurred and is continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; providedPROVIDED, howeverHOWEVER, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing made by such Borrower into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) Borrowing Minimum and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Borrower The Company may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 and 2.14Conversion, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or Continue Txxx Xxxxxxxxx Advances (and in the absence of timely notice of Continuation, such Term Benchmark Advances shall Convert to Base Rate Advances on the last day of the same Type but having a new then current Interest Period); provided, however, provided that any Conversion of Eurodollar Rate Term Benchmark Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Term Benchmark Advances, any Conversion of Base Rate Advances into Eurodollar Rate Term Benchmark Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b‎3.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b‎3.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Term Benchmark Advances, the duration of the initial Interest Period for each such AdvanceAdvances. Each notice of Conversion or Continuation shall be irrevocable and binding on the applicable BorrowerCompany. This Notwithstanding the foregoing, in no event shall the Company be permitted to request pursuant to this Section 3.08 prior to a Benchmark Transition Event and Benchmark Replacement Date with respect to the Term SOFR Rate, an RFR Advance bearing interest based on Daily Simple SOFR (it being understood and agreed that Daily Simple SOFR shall not only apply to Swingline Borrowingsthe extent provided in Sections 3.07(d) and 3.07(i), which may not be Convertedas applicable).

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion to the Agent (which shall promptly notify each of the Lenders) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.26 NYDOCS02/1188161

Optional Conversion of Advances. Each The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Borrowing of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 and 2.14Section 2.09, Convert all the whole or any part of the Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Term Benchmark Advances into Base Rate Advances shall be made only on the last final day of an Interest Period for such Eurodollar Rate Advances, Term Benchmark Advances and any Conversion of Base Rate Advances into Eurodollar Rate Term Benchmark Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) $1,000,000 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Term Benchmark Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Convertedeach Borrower giving such notice.

Optional Conversion of Advances. Each The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon the time a Notice of Borrowing would be required under Section 2.02 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the third Business Day prior to the effective date of the proposed Conversion such election, and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances SOFR Loans into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate AdvancesSOFR Loans, any Conversion of Base Rate Advances into Eurodollar Rate Advances SOFR Loans shall be in an amount not less than the minimum amount specified in Section 2.02(b) Borrowing Minimum for SOFR Loans and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate AdvancesSOFR Loans, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower The Company may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any portion of the Advances made as a part of Advances made to such Borrower a Borrowing of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedCompany.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.Borrower.‌‌

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 p.m.. (New York City time) on the (x) third Business Day prior to the date of the proposed Conversion of Advances from Base Rate Advances to Eurodollar Rate Advances and (y) the first Business Day prior to the date of the proposed Conversion of Advances from Eurodollar Rate Advances to Base Rate Advances, and subject to the provisions of Sections 2.10 2.07 and 2.142.11, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (a) the Borrower shall pay any amounts owing pursuant to Section 8.04(c) in connection with any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.01 and (b) and no Conversion portion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)Advance may be Converted into a Eurodollar Rate Advance if any Event of Default has occurred and is continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 10:00 A.M. (Local Time) on the third Business Day prior to the date of the proposed Conversion (or in the case of a Conversion into Base Rate Advances, the Business Day prior) and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such the Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) 2.01 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such ConversionConversion (which shall be a Business Day), (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedBorrower giving such notice.

Optional Conversion of Advances. Each Borrower The Company may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type and one Class comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodClass; provided, however, that (1) any Conversion of Eurodollar EurocurrencyTerm Benchmark Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar EurocurrencyTerm Benchmark Rate Advances, (2) any Conversion of Base Rate Advances into Eurodollar EurocurrencyTerm Benchmark Rate Advances shall be in an amount not less than the minimum amount specified $10,000,000 or in Section 2.02(ban integral multiple of $1,000,000 in excess thereof, (3) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)2.02(c) and (4) each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders with Advances comprising such Borrowing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar EurocurrencyTerm Benchmark Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedCompany giving such notice.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 p.m. (New York City time) on the (x) third Business Day prior to the date of the proposed Conversion of Advances from Base Rate Advances to Eurodollar Rate Advances and (y) the first Business Day prior to the date of the proposed Conversion of Advances from Eurodollar Rate Advances to Base Rate Advances, and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (a) the Borrower shall pay any amounts owing pursuant to Section 8.04(c) in connection with any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, and any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.01(a) and (b) no Conversion portion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)Advance may be Converted into a Eurodollar Rate Advance if any Event of Default has occurred and is continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and ), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Appropriate Lenders in accordance with their Commitments under such Facility and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of Advances made to such Borrower of one Type owing by such Borrower comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable such Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 1:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Revolving Credit Advances made to such Borrower of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and 2.02(c), no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Revolving Credit Commitments and provided, further that for any Conversion of Eurodollar Rate Advances into Base Rate Advances made other than on the last day of an Interest Period for such Eurodollar Rate Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon Noon (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part portion of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that (a) any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, (b) any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b), (c) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)) and (d) each Conversion of Advances comprising part of the same Borrowing under any Facility shall be made ratably among the Lenders in accordance with their Commitments under such Facility. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.

Optional Conversion of Advances. Each Borrower The Company may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.10 2.08 and 2.142.12, Convert all or any part of such Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type or of the same Type but having a new Interest PeriodType; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any such Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be ConvertedCompany.

Optional Conversion of Advances. Each The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon on the third Business Day prior to the date of the proposed Conversion KPSC Case No. 2011-00401 Attorney General's Initial Data Requests Dated January 13, 2012 Item No. 34 30 Attachment 3 Page 34 of 115 and subject to the provisions of Sections 2.10 2.12 and 2.142.16, Convert all or any part of Advances made to such Borrower of one Type comprising the same Borrowing into Advances of the other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower. This Section shall not apply to Swingline Borrowings, which may not be Converted.