Common use of Optional Prepayments and Conversions or Continuations of Loans Clause in Contracts

Optional Prepayments and Conversions or Continuations of Loans. Subject to Section 4.03 hereof, the Company shall have the right to prepay Loans, or to Convert Loans of one Type into Loans of another Type or Continue Loans of one Type as Loans of the same Type, at any time or from time to time, provided that: (i) the Company shall give the Bank notice of each such prepayment, Conversion or Continuation as provided in Section 4.04 hereof; and (ii) a Eurodollar Loan may be prepaid or Converted only on the last day of an Interest Period for such Loan. Notwithstanding the foregoing, and without limiting the rights and remedies of the Bank under Section 9 hereof, in the event that any Event of Default shall have occurred and be continuing, the Bank may suspend the right of the Company to Convert any Loan into a Eurodollar Loan, or to Continue any Loan as a Eurodollar Loan, in which event all Loans shall be Converted into (on the last day(s) of the respective Interest Periods therefor) or continued, as the case may be, as Base Rate Loans.

Optional Prepayments and Conversions or Continuations of Loans. Subject to Section 4.03 Sections 4.04 and 5.05 hereof, the Company shall have the right to prepay Loans, or to Convert Loans of one Type into Loans of another Type or Continue Loans of one Type as Loans of the same Type, at any time or from time to time, provided that: (i) that the Company shall give the Bank Administrative Agent notice of each such prepayment, Conversion or Continuation as provided in Section 4.04 hereof; and 4.05 hereof (ii) a Eurodollar Loan may and, upon the date specified in any such notice of prepayment, the amount to be prepaid or Converted only on the last day of an Interest Period for such Loanshall become due and payable hereunder). Notwithstanding the foregoing, and without limiting the rights and remedies of the Bank Lenders under Section 9 hereof, in the event that any Event of Default shall have occurred and be continuing, the Bank Administrative Agent may (and at the request of the Majority Lenders shall) suspend the right of the Company to Convert any Loan into a Eurodollar Loan, or to Continue any Loan as a Eurodollar Loan, in which event all Loans shall be Converted into (on the last day(s) of the respective Interest Periods therefor) or continuedContinued, as the case may be, as Base Rate Loans.

Optional Prepayments and Conversions or Continuations of Loans. Subject to Section 4.03 4.04 hereof, the Company shall have the right to prepay Loans, or to Convert Loans of one Type into Loans of another Type or to Continue Loans of one Type as Loans of the same TypeEurodollar Loans, at any time or from time to time, provided that: (i) PROVIDED that the Company shall give the Bank Agent notice of each such prepayment, Conversion or Continuation as provided in Section 4.04 hereof; and 4.05 hereof (ii) a Eurodollar Loan may and, upon the date specified in any such notice of prepayment, the amount to be prepaid or Converted only on the last day of an Interest Period for such Loanshall become due and payable hereunder). Notwithstanding the foregoing, and without limiting the rights and remedies of the Bank Lenders under Section 9 10 hereof, in the event that any Event of Default shall have occurred and be continuing, the Bank Agent may (and at the request of the Majority Lenders shall) suspend the right of the Company to Convert any Base Rate Loan into a Eurodollar Loan, or to Continue any Loan as a Eurodollar Loan, in which event all Loans shall be Converted into (on the last day(s) of the respective Interest Periods therefor) or continuedContinued, as the case may be, as Base Rate Loans.

Optional Prepayments and Conversions or Continuations of Loans. Subject to Section 4.03 4.04 hereof, the Company shall have the right to prepay Loans, Loans or to Convert Loans of one Type into Loans of another Type or to Continue Loans of one Type as Loans of the same TypeEurodollar Loans, at any time or from time to time, provided that: (i) PROVIDED that the Company shall give the Bank Agent notice of each such prepayment, Conversion or Continuation as provided in Section 4.04 hereof; and 4.05 hereof (ii) a Eurodollar Loan may and, upon the date specified in any such notice of prepayment, the amount to be prepaid or Converted only on the last day of an Interest Period for such Loanshall become due and payable hereunder). Notwithstanding the foregoing, and without limiting the rights and remedies of the Bank Lenders under Section 9 10 hereof, in the event that any Event of Default shall have occurred and be continuing, the Bank Agent may (and at the request of the Majority Lenders shall) suspend the right of the Company to Convert any Base Rate Loan into a Eurodollar Loan, or to Continue any Loan as a Eurodollar Loan, in which event all Loans shall be Converted into (on the last day(s) of the respective Interest Periods therefor) or continuedContinued, as the case may be, as Base Rate Loans.