REFERENCES TO CONVERSION OF ADVANCES. References to "convert" and "conversion", and other similar terms, in the context of Advances or Types of Advances, shall, unless the context otherwise requires, mean and refer to an election to have the Outstanding Principal Obligations of the referenced Advance or Type of Advance bear interest or fees on a different basis or fixed rate henceforth and so on from time to time, and any reference to the conversion of an Advance or Type of Advance to another Advance or Type of Advance includes, without limitation, issue of Refunding Bankers' Acceptances to provide for the payment of maturing Bankers' Acceptances and the continuation of a LIBOR Loan upon the expiry of the then current LIBOR Period for a successive LIBOR Period.
REFERENCES TO CONVERSION OF ADVANCES. References to “convert” and “conversion”, and other similar terms, in the context of Advances or Types of Advances, shall, unless the context otherwise requires, mean and refer to Outstanding Principal Obligations of the referenced Advance or Type of Advance designated by the Borrower in a conversion request pursuant to Section 2.2 hereof being changed into the requested other Type of Advance to bear interest or fees on a different basis or rate provided for in this Agreement as being applicable to that other Type of Advance from time to time, and any reference to the conversion of an Advance or Type of Advance to another Type of Advance includes, without limitation, the conversion of any BA Advance to a Refunding BA Advance pursuant to Section 2.5(j).
