Rate Conversion and Continuation. The Borrowers shall have the right to cause a Rate Conversion or Rate Continuation in respect of Revolving Credit Loans then outstanding, upon request delivered by Holdings on behalf of the Borrowers to the Agent not later than 12:00 noon (Cleveland, Ohio time) (i) on the day which is the Banking Day that the Borrowers desire to convert any LIBOR Loans comprising a Revolving Credit Borrowing into Prime Rate Loans so as to comprise a Revolving Credit Borrowing, (ii) on the day that is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to convert any Prime Rate Loans comprising a Revolving Credit Borrowing into LIBOR Loans for a given Interest Period so as to comprise a Revolving Credit Borrowing, (iii) on the day which is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to continue any LIBOR Loans comprising a given Revolving Credit Borrowing as LIBOR Loans for an additional Interest Period of the same duration so as to comprise a Revolving Credit Borrowing, (iv) on the day which is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to convert any LIBOR Loans having a particular Interest Period comprising a Revolving Credit Borrowing into LIBOR Loans having a different permissible Interest Period so as to comprise a Revolving Credit Borrowing, provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following:
Rate Conversion and Continuation. The Borrowers shall have the right to cause a Rate Conversion or Rate Continuation in respect of Revolving Credit Loans then outstanding, upon request delivered by Holdings on behalf of the Borrowers to the Lead Agent not later than 12:00 noon (Pittsburgh, Pennsylvania time) (i) on the day which is the U.S. Government Securities Business Day that the Borrowers desire to convert any Term SOFR Rate Loans comprising a Revolving Credit Borrowing into Base Rate Loans so as to comprise a Revolving Credit Borrowing, (ii) on the day that is three (3) U.S. Government Securities Business Days prior to the U.S. Government Securities Business Day upon which the Borrowers desire to convert any Base Rate Loans comprising a Revolving Credit Borrowing into Term SOFR Rate Loans for a given Interest Period so as to comprise a Revolving Credit Borrowing, (iii) on the day which is three (3) U.S. Government Securities Business Days prior to the U.S. Government Securities Business Day upon which the Borrowers desire to continue any Term SOFR Rate Loans comprising a given Revolving Credit Borrowing as Term SOFR Rate Loans for an additional Interest Period of the same duration so as to comprise a Revolving Credit Borrowing, (iv) on the day which is three (3) U.S. Government Securities Business Days prior to the U.S. Government Securities Business Day upon which the Borrowers desire to convert any Term SOFR Rate Loans having a particular Interest Period comprising a Revolving Credit Borrowing into Term SOFR Rate Loans having a different permissible Interest Period so as to comprise a Revolving Credit Borrowing, provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following:
Rate Conversion and Continuation. Prior to the advance of the Principal Sum to the Borrower, the Borrower delivered to the Bank an initial borrowing request in which the Borrower designated the Types of Portions of such advance that are, respectively, Base Rate Portion and LIBOR Portions. From and after such advance, but subject to the terms and conditions of this Note, the Borrower shall have the right to cause a Rate Conversion or Rate Continuation in respect of any Portion then outstanding, upon request delivered by the Borrower to the Bank not later than 12:00 noon (Cleveland, Ohio time) (i) on the day that is the Banking Day on which the Borrower desires to convert any LIBOR Portion into a Base Rate Portion, and (ii) on the day that is three (3) Banking Days prior to the Banking Day on which the Borrower desires to (A) convert any Base Rate Portion into a LIBOR Portion for a given Interest Period, (B) continue any LIBOR Portion as a LIBOR Portion for an additional Interest Period of the same duration, or (C) convert any LIBOR Portion having a particular Interest Period into a LIBOR Portion having a different permissible Interest Period.
Rate Conversion and Continuation. The Borrowers shall have the right to cause a Rate Conversion or Rate Continuation in respect of Revolving Loans then outstanding, upon request delivered by the Borrowers to the Bank not later than 12:00 noon (i) on the day which is the Banking Day that the Borrowers desire to convert any LIBOR Loans into a Prime Rate Loan, (ii) on the day that is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to convert any Prime Rate Loan into a LIBOR Loan for a given Interest Period, (iii) on the day which is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to continue any LIBOR Loan as a LIBOR Loan for an additional Interest Period of the same duration, (iv) on the day which is three (3) Banking Days prior to the Banking Day upon which the Borrowers desire to convert any LIBOR Loan having a particular Interest Period into a LIBOR Loan having a different permissible Interest Period, provided, however, that each such Rate Conversion or Rate Continuation shall be subject to the following:
