Common use of Optional Conversion of Loans Clause in Contracts

Optional Conversion of Loans. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.06 and 2.10, Convert Loans of one Type into Loans of the other Type; provided, however, that any Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made only on the last day of an Interest Period for such Eurodollar Rate Loans and any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than $25,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Loans to be Converted and (iii) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each such Loan or portion thereof. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Loans. The Borrower may on any Business Day, upon notice given to the Administrative Agent Lender not later than 11:00 A.M. 12:00 Noon (Charlotte, North Carolina time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.06 2.07 and 2.102.10(c), Convert Loans any Loan of one Type into Loans a Loan of the other Type; provided, however, that any Conversion of a Eurodollar Rate Loans Loan into a Base Rate Loans Loan shall be made only on the last day of an the Interest Period for such Eurodollar Rate Loans and Loan then in effect, any Conversion of a Base Rate Loans Loan into a Eurodollar Rate Loans Loan shall be in an amount not less than $25,000,000the minimum amount specified in Section 2.02(b) and no Conversion of any Loan shall result in more separate Loans 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 Loans Loan to be Converted Converted, and (iii) if such Conversion is into a Eurodollar Rate LoansLoan, the duration of the initial Interest Period for each such Loan or portion thereofLoan. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Loans. The Borrower Borrowers may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.06 and 2.10, Convert Loans of one Type into Loans of the other Type; provided, however, that any Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made only on the last day of an Interest Period for such Eurodollar Rate Loans and any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than $25,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Loans to be Converted and (iii) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each such Loan or portion thereof. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrowers.

Optional Conversion of Loans. The Borrower may on any Business Day, upon notice given to the Administrative Agent Lender not later than 11:00 A.M. 12:00 Noon (New York time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.06 2.07 and 2.102.10(c), Convert Loans any Loan of one Type into Loans a Loan of the other Type; provided, however, that any Conversion of a Eurodollar Rate Loans Loan into a Base Rate Loans Loan shall be made only on the last day of an the Interest Period for such Eurodollar Rate Loans and Loan then in effect, any Conversion of a Base Rate Loans Loan into a Eurodollar Rate Loans Loan shall be in an amount not less than $25,000,000the minimum amount specified in Section 2.02(b) and no Conversion of any Loan shall result in more separate Loans 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 Loans Loan to be Converted Converted, and (iii) if such Conversion is into a Eurodollar Rate LoansLoan, the duration of the initial Interest Period for each such Loan or portion thereofLoan. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Loans. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 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 2.06 and 2.10, Convert Loans of one Type into Loans of the other Type; provided, however, that any Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made only on the last day of an Interest Period for such Eurodollar Rate Loans and any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than $25,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Loans to be Converted and (iii) if such Conversion is into Eurodollar Rate Loans, the duration of the initial Interest Period for each such Loan or portion thereofLoan. Each notice of Conversion shall be irrevocable and binding on the Borrower.