Common use of Procedures for Conversion of Type of Loan Clause in Contracts

Procedures for Conversion of Type of Loan. Subject to the provisions of Section 2.2, the Company may from time to time convert all or any part of any outstanding Loan into a Loan of a different type by giving written notice substantially in the form of Exhibit K (or by telephonic notice followed promptly by such written notice) to the Agent not later than (a) in the case of conversion into an ABR Loan, 10:00 A.M., Chicago time, on the proposed date of such conversion and (b) in the case of conversion into a Eurodollar Loan, 11:00 A.M., Chicago time, at least three Business Days prior to the proposed date of such conversion. Each such notice shall be effective upon receipt by the Agent, shall be irrevocable, and shall specify the date and amount of such conversion, the Loan to be so converted, the type of Loan to be converted into and, in the case of a conversion into a Eurodollar Loan, the initial Interest Period therefor. Promptly upon receipt of such notice, the Agent shall advise each Lender holding a Loan in the applicable Facility of such notice. Subject to Section 2.11, such Loan shall be so converted on the requested date of conversion. Each conversion shall be on a Business Day.

Procedures for Conversion of Type of Loan. Subject to the provisions of Section 2.2, the Company may from time to time convert all or any part of any outstanding Loan into a Loan of a different type by giving written notice substantially in the form of Exhibit K (or by telephonic notice followed promptly by such written notice) to the Agent not later than (a) in the case of conversion into an ABR a Floating Rate Loan, 10:00 A.M., Chicago time, on the proposed date of such conversion conversion, and (b) in the case of a conversion into a Eurodollar Loan, 11:00 A.M.12:00 noon, Chicago time, at least three Business Days prior to the proposed date of such conversion. Each such notice shall be effective upon receipt by the Agent, shall be irrevocable, and shall specify the date and amount of such conversion, the Loan to be so converted, the type of Loan to be converted into and, in the case of a conversion into a Eurodollar Loan, the initial Interest Period therefor. Promptly upon receipt of such notice, the Agent shall advise each Lender holding a Loan in the applicable Facility of such noticeBank thereof. Subject to Section Sections 2.10 and 2.11, such Loan shall be so converted on the requested date of conversion. Each conversion shall be on a Business Day.

Procedures for Conversion of Type of Loan. Subject to the provisions of Section 2.22.2.1, the Company Borrower may from time to time convert all or any part of any outstanding Loan into a Loan of a different type by giving written notice substantially in the form of Exhibit K (or by telephonic notice (followed promptly immediately by such written noticeconfirmation thereof) to the Agent not later than (a) in the case of conversion into an ABR a Prime Rate Loan, 10:00 11:00 A.M., Chicago Albany time, on the proposed date of such conversion conversion, and (b) in the case of a conversion into a Eurodollar Loan, 11:00 10:00 A.M., Chicago Albany time, at least three Business Days prior to the proposed date of such conversion. Each such notice shall be effective upon receipt by the Agent, shall be irrevocable, and shall specify the date and amount of such conversion, the Loan to be so converted, the type of Loan to be converted into and, in the case of a conversion into a Eurodollar Loan, the initial Interest Period therefor. Promptly upon receipt of such notice, the Agent shall advise each Lender holding a Loan in the applicable Facility of such noticeBank thereof. Subject to Section 2.112.5, such Loan shall be so converted on the requested date of conversion. Each conversion shall be on a Business Day. Each conversion of a Eurodollar Loan on a day other than the last day of an Interest Period therefor shall be subject to the provisions of Section 8.4.

Procedures for Conversion of Type of Loan. Subject to the provisions of Section 2.22.2.1, the Company may from time to time convert all or any part of any outstanding Loan into a Loan of a different type by giving written notice substantially in the form of Exhibit K (or by telephonic notice (followed promptly immediately by such written noticeconfirmation thereof) to the Agent not later than (a) in the case of conversion into an ABR a Floating Rate Loan, 10:00 A.M., Chicago time, on the proposed date of such conversion conversion, and (b) in the case of a conversion into a Eurodollar Loan, 11:00 10:00 A.M., Chicago time, at least three Business Days prior to the proposed date of such conversion. Each such notice shall be effective upon receipt by the Agent, shall be irrevocable, and shall specify the date and amount of such conversion, the Loan to be so converted, the type of Loan to be converted into and, in the case of a conversion into a Eurodollar Loan, the initial Interest Period therefor. Promptly upon receipt of such notice, the Agent shall advise each Lender holding a Loan in the applicable Facility of such noticeBank thereof. Subject to Section 2.112.5, such Loan shall be so converted on the requested date of conversion. Each conversion shall be on a Business Day. Each conversion of a Eurodollar Loan on a day other than the last day of an Interest Period therefor shall be subject to the provisions of Section 8.4.