Common use of Optional Conversion Clause in Contracts

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. Each Borrower may on any Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 2.09 and 3.62.10, Convert all or any portion of the Advances of one Type outstanding under the Revolving any Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Interest Period) into Advances of the other Type under the Revolving Facility); provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances shall be made only on other than the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e)Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 the minimum amount specified in excess thereof Section 2.02(b)(i) and no Conversion of any Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances under any Facility than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.02(b)(ii). Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type Facility of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Interest Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Interest Period for such Advances. Each request for notice of Conversion shall be irrevocable and binding on the relevant Borrower.

Optional Conversion. The Borrower may on any Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 12:00 noon (California New York City time) on the third Eurodollar Banking Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6Section 2.09, Convert all or any portion of the Advances of one Type outstanding under the Revolving a Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Interest Period) into Advances of the other Type under the Revolving such Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances shall be made only on other than the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e)Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 5,000,000 or integral multiples of $500,000 1,000,000 in excess thereof and no Conversion of any Advances shall result in a more than five (5) 20 separate Eurodollar Interest Periods being outstanding under the Revolving Facilityoutstanding. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type Facility of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Interest Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Interest Period for such Advances. Each request for notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion. (i) Any Borrower may on any Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California New York City time) on the third Eurodollar Banking Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 2.09 and 3.62.13, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having owed by such Borrower and comprising the same Eurodollar Period) Borrowing into Advances of the other Type under the Revolving Facilityanother Type; provided provided, however, that (i) (x) any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances or Quoted Rate Advances or (y) any Conversion of Quoted Rate Advances into Eurodollar Rate Advances or Alternate Base Rate Advances, shall be made only on other than the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e)or Quoted Rate Advances, as the case may be, (ii) any Conversion of Alternate Base Rate Advances into Quoted Rate Advances or Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 the minimum amount specified for Borrowings in excess thereof and Section 2.01, (iii) no Conversion of any Advances shall result in more separate Borrowings than five permitted under Section 2.02(d), and (5iv) separate Eurodollar Periods being outstanding under prior to any Conversion by a Borrower of Advances comprising the Revolving Facilitysame Borrowing into Quoted Rate Advances, a Quoted Rate for the Advances to be Converted into Quoted Rate Advances shall have been accepted by such Borrower and confirmed by the Administrative Agent in accordance with Section 2.10(a)(ii). Each such notice of a Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances or Quoted Rate Advances, the duration of the initial Eurodollar Interest Period for each such AdvancesAdvance. Each request for notice of Conversion, which in the case of a Conversion of Advances to Quoted Rate Advances shall not be deemed to have been provided until acceptance and confirmation of a Quoted Rate has occurred in accordance with Section 2.10(a)(ii), shall be irrevocable and binding on such Borrower. (ii) If a Borrower wishes to Convert Advances into Quoted Rate Advances, the Borrower shall give the Administrative Agent notice (a “Quoted Rate Conversion Request”) so as to be received no later than 11:00 a.m. (New York time) four (4) Business Days prior to the date of the proposed Conversion which shall specify (i) the proposed date of such Conversion, (ii) the Advances to be Converted, and (iii) the duration of the initial Interest Period for each such Quoted Rate Advance. Upon receipt of a Quoted Rate Conversion Requestfrom a Borrower, the Administrative Agent shall (i) when available on the same Business Day as such Quoted Rate Conversion Request is made, provide such Borrower with a non-binding indicative Quoted Rate and (ii) no later than 11:00 a.m. (New York City time) on the next Business Day after receipt of a Quoted Rate Request (or such later date as the applicable Borrower may specify in the Quoted Rate Request), notify the applicable Borrower of the proposed Quoted Rate, in each case for the Interest Period applicable to the requested Conversion to Quoted Rate Advances, and provide copies of such notice to each Lender. The applicable Borrower must decline or accept a proposed Quoted Rate quoted by the Administrative Agent by notifying the Administrative Agent in writing not later than 12:00 Noon (New York City time) on the same Business Day that it received the proposed Quoted Rate from the Administrative Agent; provided that if no written notification is received by such time, the applicable Borrower shall be deemed to have declined the proposed Quoted Rate. An acceptance of a Quoted Rate by the applicable Borrower shall be deemed to be a notice of conversion of the Advances specified in the Quoted Rate Request for Conversion into Quoted Rate Advances, on the date and for an initial Interest Period, in each case, as specified in the Quoted Rate Conversion Request. If the applicable Borrower accepts a proposed Quoted Rate for the requested Interest Period, then the Administrative Agent shall confirm with the applicable Borrower in writing not later than 1:00 p.m. on same Business Day that such Borrower accepted a proposed Quoted Rate the agreed upon Quoted Rate, with copies of such confirmation to each Lender. Once a proposed Quoted Rate has been accepted by the applicable Borrower and confirmed as set forth herein, the Quoted Rate for the applicable Interest Period in respect of the Advances to be Converted to Quoted Rate Advances as specified in the Quoted Rate Request for Conversion will be locked in as of the Business Day that such Quoted Rate is accepted by the applicable Borrower and confirmed.

Optional Conversion. The Borrower may on any Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 11:00 A.M. (California New York City time) on the third Eurodollar Banking Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 2.10 and 3.62.11, Convert all or any portion of the Revolving Credit Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Interest Period) into Advances of the other Type under the Revolving Facility); provided that any such Conversion of a Eurodollar Rate Advances into Alternate Base Rate Advances on Advance other than on the last day of a Eurodollar the Interest Period for such Eurodollar Rate Advances therefor shall be accompanied by, and subject to to, the payment of any amount payable under Section 3.6(e)8.04(c) in respect of such Conversion, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 the minimum amount specified in excess thereof Section 2.03(b)(i) and no Conversion of any Revolving Credit Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.03(b)(ii). Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Revolving Credit Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Interest Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Interest Period for such Advances. Each request for notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar LIBOR Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar LIBOR Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving a Facility (and, in the case of Eurodollar LIBOR Rate Advances, having the same Eurodollar LIBOR Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar LIBOR Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar LIBOR Period for such Eurodollar LIBOR Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar LIBOR Rate Advances shall be in an amount not less than $1,000,000 500,000 or integral multiples of $500,000 250,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) separate Eurodollar LIBOR Periods being outstanding under for the Revolving FacilityFacility in excess of that permitted by Section 2.3(c). Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type Class of the Advances (and, in the case of Eurodollar LIBOR Rate Advances, the Eurodollar LIBOR Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar LIBOR Rate Advances, the duration of the initial Eurodollar LIBOR Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. Each Borrower may on any Banking Business Day, upon notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 2.09 and 3.62.10, Convert all or any portion of the Advances of one Type outstanding under the Revolving any Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Interest Period) into Advances of the other Type under the Revolving Facility); provided provided, that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances shall be made only on other than the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e)Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 the minimum amount specified in excess thereof Section 2.02(b)(i) and no Conversion of any Advances shall Credit Agreement ---------------- result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances under any Facility than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.02(b)(ii). Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type Facility of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Interest Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Interest Period for such Advances. Each request for notice of Conversion shall be irrevocable and binding on the relevant Borrower.

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 100,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. The Borrower may on any Banking Business Day, upon ------------------- notice given to the Administrative Agent not later than 9:00 a.m. 10:00 A.M. (California New York City time) on the third Eurodollar Banking second Business Day prior to the date of a the proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 2.09 and 3.62.10, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility hereunder (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Interest Period) into Advances of the other Type under the Revolving Facility); provided -------- that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances shall be made only on other than the last day of a Eurodollar an Interest Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e)Advances, any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 the minimum amount specified in excess thereof Section 2.02(b)(i) and no Conversion of any Advances shall result in more a greater number of separate Interest Periods in respect of Eurodollar Rate Advances than five (5) separate Eurodollar Periods being outstanding permitted under the Revolving FacilitySection 2.02(b)(ii). Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Interest Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Interest Period for such Advances. Each request for notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion. Borrower may on any Banking Day, ------------------- upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 100,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 100,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) ten separate Eurodollar Periods being outstanding under the Revolving Facility. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount and Type of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 11:00 a.m. (California time) on the third Eurodollar LIBOR Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar LIBOR Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving Facility (and, in the case of Eurodollar LIBOR Rate Advances, having the same Eurodollar LIBOR Period) into Advances of the other Type under the Revolving Facility; provided that any Conversion of Eurodollar LIBOR Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar LIBOR Period for such Eurodollar LIBOR Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar LIBOR Rate Advances shall be in an amount not less than $1,000,000 500,000 or integral multiples of $500,000 100,000 in excess thereof and no Conversion of any Advances shall result in more than five (5) separate Eurodollar LIBOR Periods being outstanding under the Revolving Facility. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type category of the Advances (and, in the case of Eurodollar LIBOR Rate Advances, the Eurodollar LIBOR Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar LIBOR Rate Advances, the duration of the initial Eurodollar LIBOR Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.

Optional Conversion. Borrower may on any Banking Day, upon notice given to the Administrative Agent not later than 9:00 a.m. (California time) on the third Eurodollar Banking Day prior to the date of a proposed Conversion if the Conversion is into Eurodollar Rate Advances, or one Banking Day prior to the date of a proposed Conversion if the Conversion is into Alternate Base Rate Advances, and subject to the provisions of Sections 3.5 and 3.6, Convert all or any portion of the Advances of one Type outstanding under the Revolving a Facility (and, in the case of Eurodollar Rate Advances, having the same Eurodollar Period) into Advances of the other Type under the Revolving such Facility; provided that any Conversion of Eurodollar Rate Advances into Alternate Base Rate Advances on other than the last day of a Eurodollar Period for such Eurodollar Rate Advances shall be subject to Section 3.6(e), any Conversion of Alternate Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 or integral multiples of $500,000 250,000 in excess thereof (provided that the foregoing minimum amount shall not apply to any Conversion of the entire unpaid principal balance under the applicable Facility if such amount is less than $1,000,000) and no Conversion of any Advances shall result in more than five (5) separate Eurodollar Periods being outstanding under all of the Revolving FacilityFacilities. Each such notice of Conversion shall be made pursuant to a Request for Continuation/Conversion and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the aggregate amount amount, Type and Type category of the Advances (and, in the case of Eurodollar Rate Advances, the Eurodollar Period therefor) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Eurodollar Period for such Advances. Each request for Conversion shall be irrevocable and binding on Borrower.