Common use of Optional Conversion of Advances Clause in Contracts

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances Advances, and (ii) 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted Converted, and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 12:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.07 and 2.122.11, Convert all Base Rate Advances denominated in Dollars of one Type made to such Borrower comprising the same Borrowing into Eurocurrency Rate Advances denominated in Dollars of and Convert all Eurocurrency Rate Advances denominated in Dollars made to such Borrower comprising the other Typesame Borrowing into Base Rate Advances; provided, however, that (a) any Conversion of any Eurocurrency Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on the last final day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from Advances and (b) no Conversion of any Advances shall result in more separate Interest Periods with respect to Eurocurrency Rate Advances denominated in Dollars made to such Borrower than permitted under the Borrower definition of the term “Interest Period” in Section 1.01; and provided, further, that no Base Rate Advance may be Converted to a notice Eurocurrency Rate Advance denominated in Dollars when any Event of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each LenderDefault has occurred and is continuing. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Rate AdvancesAdvances denominated in Dollars, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrowers.

Optional Conversion of Advances. The Borrower may on ------------------------------- any Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Eurodollar Rate Advances into Base Rate Advances Advances, and (ii) not later than 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances or of Eurocurrency Eurodollar Rate Advances of one Interest Period into Eurocurrency Eurodollar Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Eurodollar Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (xi) the date of such Conversion (which shall be a Business Day), (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Eurodollar Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Any Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of Revolving Credit Advances denominated in Dollars of one Type made to it comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that (a) any such Conversion of (i) Base Rate Advances into Eurocurrency Advances denominated in Dollars or of Eurocurrency Advances of one Interest Period into Eurocurrency Advances denominated in Dollars and of another Interested Period shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day immediately preceding the date of the proposed Conversion, or (ii) in all other cases, shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day of the proposed Conversion, (b) in the case of any Conversion of any Eurocurrency Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, other than on the last day of an Interest Period for therefor, the Borrower requesting such Conversion shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c), and (c) any Conversion of Base Rate Advances into Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent Advances shall give notice of such proposed Conversion to each Lenderbe in an amount not less than $10,000,000. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Any Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of Revolving Credit Advances denominated in Dollars under the same Facility of one Type made to it and comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that (a) any such Conversion of (i) Base Rate Advances into Eurocurrency Advances denominated in Dollars or of Eurocurrency Advances of one Interest Period into Eurocurrency Advances denominated in Dollars and of another Interested Period shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day immediately preceding the date of the proposed Conversion, or (ii) in all other cases, shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day of the proposed Conversion, (b) in the case of any Conversion of any Eurocurrency Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, other than on the last day of an Interest Period for therefor, the Borrower requesting such Conversion shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c), and (c) any Conversion of Base Rate Advances into Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent Advances shall give notice of such proposed Conversion to each Lenderbe in an amount not less than $10,000,000. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) whether the Advances to be Converted are Tranche A Advances or Tranche B Advances, (iii) the Advances to be Converted Converted, and (ziv) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Each Borrower may on any Business DayDay on which no Default has occurred and is continuing, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. 2:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances or of Eurocurrency Eurodollar Rate Advances of one Interest Period into Eurocurrency Eurodollar Rate Advances of another Interest Period, or not later than 1:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case may beof a Conversion of Eurodollar Rate Advances into Base Rate Advances, and and, in any case, subject to the provisions of Sections 2.08 2.08, 2.09 and 2.122.13, Convert all Advances denominated in Dollars comprising one or more Borrowings into one or more Borrowings comprised of one Type comprising the same Borrowing into Advances denominated in Dollars of the other TypeAdvances; provided, however, that that: (a) No Conversion of Advances shall result in any Borrowing failing to comply with the second sentence of Section 2.01(a); and (b) In the case of any Conversion of any Eurocurrency Eurodollar Rate Advances of one Interest Period into Eurodollar Rate Advances of another Interest Period or of Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, other than on the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from therefor, the Borrower of a notice of a proposed requesting such Conversion hereunder, shall be obligated to reimburse the Designated Agent shall give notice of such proposed Conversion Lenders in respect thereof pursuant to each LenderSection 9.04(c). Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day), (yii) the Advances to be Converted and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower requesting such Conversion.

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Designated Agent (x) not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.09 and 2.122.13 in the case of conversion of Base Rate Advances to Eurocurrency Rate Advances, and (y) not later than 11:00 A.M. (New York City time) on the date of the proposed conversion in the case of conversion of Eurocurrency Rate Advances to Base Rate Advances, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; Type (provided, however, that any the Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on any date other than the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from Advances shall be subject to the Borrower payment by the Borrowers of a notice breakage and other costs pursuant to Section 9.04(c)), any Conversion of a proposed Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the Eurocurrency Rate Borrowing Minimum or the Eurocurrency Rate Borrowing Multiple in excess thereof and no Conversion hereunder, the Designated Agent of any Advances shall give notice of such proposed Conversion to each Lenderresult in more separate Borrowings than permitted under Section 2.02(a). Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower requesting such Conversion.

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Designated Agent (x) not later than (i) 11:00 A.M. 12:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion conversion of Base Rate Advances into Eurocurrency to Term Rate Advances or denominated in Dollars, (y) not later than 12:00 P.M. (New York City time) on the Business Day prior to the date of Eurocurrency the proposed Conversion in the case of conversion of Base Rate Advances to Daily Simple SOFR Advances, and (z) not later than 12:00 P.M. (New York City time) on the date of one Interest Period into Eurocurrency the proposed conversion in the case of conversion of Daily Simple SOFR Advances or Term Rate Advances of another Interest Period, as the case may be, and subject denominated in Dollars to the provisions of Sections 2.08 and 2.12Base Rate Advances, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; Type (provided, however, that any the Conversion of any Eurocurrency Term Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on any date other than the last day of an Interest Period for such Eurocurrency Term Rate AdvancesAdvances shall be subject to the payment by the Borrowers of breakage and other costs pursuant to Section 9.04(c)), any Conversion of Base Rate Advances into Term Rate Advances denominated in Dollars shall be in an amount not less than the Term Rate Borrowing Minimum or the Term Rate Borrowing Multiple in excess thereof and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(a). Promptly upon receipt from Each notice of Conversion shall be given by telephone or by Notice of Borrowing; provided that any telephonic notice must be confirmed promptly by delivery to the Borrower Agent of a notice Notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each LenderBorrowing. Each such notice of a Conversion (whether written or telephonic) shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Term Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower requesting such Conversion.

Optional Conversion of Advances. The Any Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of Revolving Credit Advances denominated in Dollars under the same Facility of one Type made to it and comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that (a) any such Conversion of (i) Base Rate Advances into Eurocurrency Advances denominated in Dollars or of Eurocurrency Advances of one Interest Period into Eurocurrency Advances denominated in Dollars and of another Interested Period shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day immediately preceding the date of the proposed Conversion, or (ii) in all other cases, shall be made on notice received no later than 9:00 A.M. (New York City time) on the Business Day of the proposed Conversion, (b) in the case of any Conversion of any Eurocurrency Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, other than on the last day of an Interest Period for therefor, the Borrower requesting such Conversion shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c), and (c) any Conversion of Base Rate Advances into Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent Advances shall give notice of such proposed Conversion to each Lenderbe in an amount not less than $10,000,000. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) whether the Advances to be Converted are Tranche A Advances or Tranche B Advances, (iii) the Dollar denominated Advances to be Converted and (ziv) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower may on ------------------------------- any Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances Advances, and (ii) 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted Converted, and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Designated Agent (x) not later than (i) 11:00 A.M. 12:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion conversion of Base Rate Advances into Eurocurrency to Term Rate Advances or denominated in Dollars, (y) not later AMERICAS/2024254939.6 90 Sealed Air – 4th A&R Syndicated Facility Agt than 12:00 P.M. (New York City time) on the Business Day prior to the date of Eurocurrency the proposed Conversion in the case of conversion of Base Rate Advances to Daily Simple SOFR Advances, and (z) not later than 12:00 P.M. (New York City time) on the date of one Interest Period into Eurocurrency the proposed conversion in the case of conversion of Daily Simple SOFR Advances or Term Rate Advances of another Interest Period, as the case may be, and subject denominated in Dollars to the provisions of Sections 2.08 and 2.12Base Rate Advances, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; Type (provided, however, that any the Conversion of any Eurocurrency Term Rate Advances denominated in Dollars into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on any date other than the last day of an Interest Period for such Eurocurrency Term Rate AdvancesAdvances shall be subject to the payment by the Borrowers of breakage and other costs pursuant to Section 9.04(c)), any Conversion of Base Rate Advances into Term Rate Advances denominated in Dollars shall be in an amount not less than the Term Rate Borrowing Minimum or the Term Rate Borrowing Multiple in excess thereof and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(a). Promptly upon receipt from Each notice of Conversion shall be given by telephone or by Notice of Borrowing; provided that any telephonic notice must be confirmed promptly by delivery to the Borrower Agent of a notice Notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each LenderBorrowing. Each such notice of a Conversion (whether written or telephonic) shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Term Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower requesting such Conversion.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.this

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Designated Agent (x) not later than (iI) 11:00 A.M. 12:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion conversion of Base Rate Advances into to Eurocurrency Rate Advances or denominated in Dollars and (II) 12:00 P.M. (New York City time) on the fourth Business Day prior to the date of the proposed Conversion in the case of conversion of Base Rate Advances to Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may bedenominated in any Foreign Currency, and each subject to the provisions of Sections 2.08 2.09 and 2.122.13, and (y) not later than 12:00 P.M. (New York City time) on the date of the proposed conversion in the case of conversion of Eurocurrency Rate Advances to Base Rate Advances, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; Type (provided, however, that any the Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on any date other than the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from Advances shall be subject to the Borrower payment by the Borrowers of a notice breakage and other costs pursuant to Section 9.04(c)), any Conversion of a proposed Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the Eurocurrency Rate Borrowing Minimum or the Eurocurrency Rate Borrowing Multiple in excess thereof and no Conversion hereunder, the Designated Agent of any Advances shall give notice of such proposed Conversion to each Lenderresult in more separate Borrowings than permitted under Section 2.02(a). Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower requesting such Conversion.

Optional Conversion of Advances. The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. 1:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the Advances made as a part of a Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Term SOFR Advances or Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Daily Simple SOFR Advances of another Interest Period shall be made on, and only on, on the last day of an Interest Period for such Term SOFR Advances or Eurocurrency Rate Advances. Promptly upon receipt from , any Conversion of Base Rate Advances or Daily Simple SOFR Advances, Term SOFR Advances or Eurocurrency Rate Advances shall be in an amount not less than the Borrower minimum amount specified in Section 2.02(b), no Conversion of a notice any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of a proposed Conversion hereunder, Advances comprising part of the Designated Agent same Borrowing under any Facility shall give notice of be made ratably among the Appropriate Lenders in accordance with their Commitments under such proposed Conversion to each LenderFacility. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Term SOFR Advances or Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower may on any -------------------------------- Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Eurodollar Rate Advances into Base Rate Advances Advances, and (ii) not later than 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances or of Eurocurrency Eurodollar Rate Advances of one Interest Period into Eurocurrency Eurodollar Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Eurodollar Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (xi) the date of such Conversion (which shall be a Business Day), (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Eurodollar Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any -------------------------------- Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Eurodollar 17 Rate Advances into Base Rate Advances Advances, and (ii) not later than 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances or of Eurocurrency Eurodollar Rate Advances of one Interest Period into Eurocurrency Eurodollar Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Eurodollar Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (xi) the date of such Conversion (which shall be a Business Day), (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Eurodollar Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Administrative Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances Advances, and (ii) 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 2.08, 2.09 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Administrative Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted Converted, and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower. Advances denominated in Dollars of any Type was to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. 1:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the Advances made as a part of a Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Term SOFR Advances or Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Daily Simple SOFR Advances of another Interest Period shall be made on, and only on, on the last day of an Interest Period for such Term SOFR Advances or Eurocurrency Rate Advances. Promptly upon receipt from , any Conversion of Base Rate Advances intoor Daily Simple SOFR Advances, Term SOFR Advances or Eurocurrency Rate Advances shall be in an amount not less than the Borrower minimum amount specified in Section 2.02(b), no Conversion of a notice any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion of a proposed Conversion hereunder, Advances comprising part of the Designated Agent same Borrowing under any Facility shall give notice of be made ratably among the Appropriate Lenders in accordance with their Commitments under such proposed Conversion to each LenderFacility. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Term SOFR Advances or Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower of any Advance made as a part of a Borrowing may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. 1:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the Advances made as a part of a Borrowing denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Term Benchmark Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on the last day of an Interest Period for such Eurocurrency Term Benchmark Rate Advances. Promptly upon receipt from , any Conversion of Adjusted Daily Simple SOFR Rate Advances into Base Rate Advances shall be made only on the Borrower Interest Payment Date for such Adjusted Daily Simple SOFR Rate Advances, any Conversion of a notice Base Rate Advances into Benchmark Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b), no Conversion of a proposed any Advances shall result in more separate Borrowings than permitted under Section 2.02(b) and each Conversion hereunder, of Advances comprising part of the Designated Agent same Borrowing under any Facility shall give notice of be made ratably among the Appropriate Lenders in accordance with their Commitments under such proposed Conversion to each LenderFacility. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Dollar denominated Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Term Benchmark Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. 11:00 A. M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, the last day of an Interest Period for such Eurocurrency Rate Advances. Promptly upon receipt from the Borrower of a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lender. Each such notice of a Conversion shall, within the restrictions set forth above, specify (x) the date of such Conversion (which shall be a Business Day), (y) the Advances to be Converted and (z) if such Conversion is into Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, and subject to the provisions of Sections 2.08 and 2.12, Convert all Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of any Eurocurrency Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, on the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances. Promptly upon receipt from , 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 provided further that as a condition to each Conversion the Borrower of shall have delivered to the Agent a notice of a proposed Conversion hereunder, the Designated Agent shall give notice of such proposed Conversion to each Lendercertificate as contemplated by Section 5.01(i)(v). Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the Borrower. In the case of any Conversion of Base Rate Advances into Eurodollar Rate Advances, the Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any revocation of such notice of Conversion, including, without limitation, any loss, cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Advance to be Converted by such Lender as a result of such revocation.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Designated Agent not later than (i) 11:00 A.M. 1:00 P.M. (New York City time) on the same Business Day as the date of the proposed Conversion in the case of a Conversion of Eurocurrency Rate Advances into Base Rate Advances and (ii) 1:00 P.M. (London time) on the third Business Day prior to the date of the proposed Conversion in to the case Agent (which shall promptly notify each of a Conversion of Base Rate Advances into Eurocurrency Rate Advances or of Eurocurrency Rate Advances of one Interest Period into Eurocurrency Rate Advances of another Interest Period, as the case may be, Lenders) and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of Advances denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that 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(c), no Conversion of any Eurocurrency Advances shall result in more separate Borrowings than permitted under Section 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 and provided, further that (1) for any Conversion of Eurodollar Rate Advances into Base Rate Advances or into Eurocurrency Rate Advances of another Interest Period shall be made on, and only on, other than on the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances. Promptly upon receipt from Advances the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c); and (2) if the Borrower wishes to request an Interest Period of a twelve months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Agent not later than 1:00 p.m. four Business Days prior to the requested date of a proposed Conversion hereunderor continuation, whereupon the Designated Agent shall give prompt notice to the Lenders of such proposed request and determine whether the requested Interest Period is acceptable to all of them. Not later than 2:00 p.m. three Business Days before the requested date of such Conversion of Eurodollar Rate Advances, the Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to each Lenderby all the Lenders. Each such notice of a Conversion shall, within the restrictions set forth specified above, specify (xi) the date of such Conversion (which shall be a Business Day)Conversion, (yii) the Advances to be Converted Converted, and (ziii) if such Conversion is into Eurocurrency Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. The Borrower may Convert all Eurocurrency Rate Advances of any one Lender into Base Rate Advances of such Lender in accordance with the provisions of Section 2.12 by complying with the procedures set forth therein and in this Section 2.09 as though each reference in this Section 2.09 to Advances denominated in Dollars of any Type were to such Advances of such Lender. Each such notice of Conversion shall, subject to the provisions of Sections 2.08 and 2.12, shall be irrevocable and binding on the Borrower.