Common use of Renewing or Converting Term Loans Clause in Contracts

Renewing or Converting Term Loans. Subject to the terms and conditions set forth below, the US Borrower shall have the opportunity to (i) convert Base Rate Loans into Term SOFR Loans, (ii) convert Term SOFR Loans into Base Rate Loans, or (iii) renew Term SOFR Loans for additional Interest Periods. (i) Each portion of the Term Loan that is converted into a Base Rate Loan shall be converted on such Business Day and in such amount as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the date of conversion into the requested Base Rate Loan. Unless an Authorized Representative of the US Borrower shall provide the Agent with the required written notice to convert a Base Rate Loan into a Term SOFR Loan on or prior to the third (3rd) Government Securities Business Day prior to the date of requested conversion, such Base Rate Loan shall automatically convert to a Term SOFR Loan with an Interest Period of one (1) month. (ii) Each Term Loan that is renewed or converted into a Term SOFR Loan shall be renewed or converted, on such Government Securities Business Day in an amount greater than or equal to One Million and 00/100 Dollars ($1,000,000.00); provided, however, that any amount in excess of One Million and 00/100 Dollars ($1,000,000.00) may only be in increments of One Hundred Thousand and 00/100 Dollars ($100,000.00), with such an Interest Period as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the third (3rd) Government Securities Business Day prior to the requested date of, renewal of or conversion into the requested Term SOFR Loan. In the event that an Authorized Representative of the US Borrower fails to provide the Agent with the required written or telephonic notice (confirming promptly, but in no event later than one Business Day thereafter, in writing) on or prior to the third (3rd) Government Securities Business Day prior to the expiration of the applicable Interest Period for a Term SOFR Loan, the US Borrower shall be deemed to have given written notice that such Loan shall be converted into a Term SOFR Loan with an Interest Period of one (1) month on the last day of the applicable Interest Period. Each written notice pursuant to this clause (ii) shall be irrevocable and binding on the US Borrower and the US 270134563

Renewing or Converting Term Loans. Subject to the terms and conditions set forth below, the US Borrower shall have the opportunity to (i) convert Base Rate Loans into Term SOFR Libor Rate Loans, (ii) convert Term SOFR Libor Rate Loans into Base Rate Loans, Loans or (iii) renew Term SOFR Libor Rate Loans as Libor Rate Loans for additional Interest Periods. (i) Each portion of the Term Loan that is converted (from a Libor Rate Loan) into a Base Rate Loan shall be converted on such Business Day and in such amount as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the date of conversion into the requested Base Rate Loan. Unless an Authorized Representative of the US Borrower shall provide the Agent with the required written notice to convert a Base Rate Loan into a Term SOFR Libor Rate Loan on or prior to the third (3rd) Government Securities Business Day prior to the date of requested conversion, such Base Rate Loan shall automatically convert to a Term SOFR Libor Rate Loan with an Interest Period of one (1) month. (ii) Each Term Loan that is renewed or converted (from a Base Rate Loan) into a Term SOFR Libor Rate Loan shall be renewed or converted, on such Government Securities Business Day Day, in an amount greater than or equal to One Million and 00/100 Dollars ($1,000,000.00); provided, however, that any amount in excess of One Million and 00/100 Dollars ($1,000,000.00) may only be in increments of One Hundred Thousand and 00/100 Dollars ($100,000.00), with such an Interest Period as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the third (3rd) Government Securities Business Day prior to the requested date of, renewal of or conversion into the requested Term SOFR Libor Rate Loan. In the event that an Authorized Representative of the US Borrower fails to provide the Agent with the required written or telephonic notice (confirming promptly, but in no event later than one Business Day thereafter, in writing) on or prior to the third (3rd) Government Securities Business Day prior to the expiration of the applicable Interest Period for a Term SOFR Libor Rate Loan, the US Borrower shall be deemed to have given written notice that such Loan shall be converted into a Term SOFR Libor Rate Loan with an Interest Period of one (1) month on the last day of the applicable Interest Period. Each written notice pursuant to this clause (ii) of any Libor Rate Loan shall be irrevocable and binding on the US Borrower and the US 270134563Borrower shall indemnify the Agent and the Banks against any loss or expense incurred by the Banks as a result of any failure by the US Borrower to consummate such transaction calculated as set forth in Section 2.12(c) hereof.

Renewing or Converting Term Loans. Subject to the terms and conditions set forth below, the US Borrower shall have the opportunity to (i) convert Base Rate Loans into Term SOFR LoansLiborEurocurrency Rate Loans denominated in Dollars, (ii) convert Term SOFR LiborEurocurrency Rate Loans denominated in Dollars into Base Rate Loans, or (iii) renew Term SOFR LiborEurocurrency Rate Loans as Libor Rate Loansdenominated in Dollars for additional Interest Periods. (i) Each portion of the Term Loan that is converted (from a Libor Rate Loan) into a Base Rate Loan shall be converted on such Business Day and in such amount as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the date of conversion into the requested Base Rate Loan. Unless an Authorized Representative of the US Borrower shall provide the Agent with the required written notice to convert a Base Rate Loan into a Term SOFR LiborEurocurrency Rate Loan denominated in Dollars on or prior to the third (3rd) Government Securities Business Day prior to the date of requested conversion, such Base Rate Loan shall automatically convert to a Term SOFR LiborEurocurrency Rate Loan denominated in Dollars with an Interest Period of one (1) month. (ii) Each Term Loan that is renewed or converted (from a Baseinto a Eurocurrency Rate Loan) into a Term SOFR Libor Rate Loan denominated in Dollars shall be renewed or converted, on such Government Securities Business Day Day, in an amount greater than or equal to One Million and 00/100 Dollars ($1,000,000.00); provided, however, that any amount in excess of One Million and 00/100 Dollars ($1,000,000.00) may only be in increments of One Hundred Thousand and 00/100 Dollars ($100,000.00), with such an Interest Period as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the third (3rd) Government Securities Business Day prior to the requested date of, renewal of or conversion into the requested Term SOFR LiborEurocurrency Rate Loan. In the event that an Authorized Representative of the US Borrower fails to provide the Agent with the required written or telephonic notice (confirming promptly, but in no event later than one Business Day thereafter, in writing) on or prior to the third (3rd) Government Securities Business Day prior to the expiration of the applicable Interest Period for a Term SOFR LiborEurocurrency Rate Loan, the US Borrower shall be deemed to have given written notice that such Loan shall be converted into a Term SOFR LiborEurocurrency Rate Loan with an Interest Period of one (1) month on the last day of the applicable Interest Period. Each written notice pursuant of any Libor Rate Loanpursuant to this clause (ii) shall be irrevocable and binding on the US Borrower and the US 270134563Borrower shall indemnify the Agent and the Banks against any loss or expense incurred by the Banks as a result of any failure by the US Borrower to consummate such transaction calculated as set forth in Section 2.12(c) hereof. 264674781 265265096

Renewing or Converting Term Loans. Subject to the terms and conditions set forth below, the US Borrower shall have the opportunity to (i) convert Base Rate Loans into Term SOFR Libor Rate Loans, (ii) convert Term SOFR Libor Rate Loans into Base Rate Loans, Loans or (iii) renew Term SOFR Libor Rate Loans as Libor Rate Loans for additional Interest Periods. (i) Each portion of the Term Loan that is converted (from a Libor Rate Loan) into a Base Rate Loan shall be converted on such Business Day and in such amount as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the date of conversion into the requested Base Rate Loan. Unless an Authorized Representative of the US Borrower shall provide the Agent with the required written notice to convert a Base Rate Loan into a Term SOFR Libor Rate Loan on or prior to the third (3rd) Government Securities Business Day prior to the date of requested conversion, such Base Rate Loan shall automatically convert to a Term SOFR Libor Rate Loan with an Interest Period of one (1) month. (ii) Each Term Loan that is renewed or converted (from a Base Rate Loan) into a Term SOFR Libor Rate Loan shall be renewed or converted, on such Government Securities Business Day Day, in an amount greater than or equal to One Million and 00/100 Dollars ($1,000,000.00); provided, however, that any amount in excess of One Million and 00/100 Dollars ($1,000,000.00) may only be in increments of One Hundred Thousand and 00/100 Dollars ($100,000.00), with such an Interest Period as an Authorized Representative of the US Borrower shall request by written or telephonic notice (confirmed promptly, but in no event later than one Business Day thereafter, in writing) received by the Agent no later than 10:00 a.m. (Pittsburgh, Pennsylvania time) on the (a) third (3rd) Government Securities Business Day prior to the requested date of, renewal of or conversion into the requested Term SOFR Libor Rate Loan. In the event that an Authorized Representative of the US Borrower fails to provide the Agent with the required written or telephonic notice (confirming promptly, but in no event later than one Business Day thereafter, in writing) on or prior to the third (3rd) Government Securities Business Day prior to the expiration of the applicable Interest Period for a Term SOFR Libor Rate Loan, the US Borrower shall be deemed to have given written notice that such Loan shall be converted into a Term SOFR Libor Rate Loan with an Interest Period of one (1) month on the last day of the applicable Interest Period. Each written notice pursuant to this clause (ii) of any Libor Rate Loan shall be irrevocable and binding on the US Borrower and the US 270134563Borrower shall indemnify the Agent and the Banks against any loss or expense incurred by the Banks as a result of any failure by the Borrower to consummate such transaction calculated as set forth in Section 2.12(c) hereof.