Common use of Voluntary Conversion of Advances Clause in Contracts

Voluntary Conversion of Advances. Any Borrower may on any Business Day, if no Event of Default then exists as to such Borrower, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may may, on any Business Day, if no Event of Default then exists as Day prior to such Borrowerthe Termination Date, upon notice (which shall be irrevocable) given to the Administrative Agent not later than 11:00 10:00 A.M. (xNew York City time) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversionConversion, and (y) in the case of a any proposed Conversion into Base Eurodollar Rate Advances, and on the date of the proposed Conversion, in the case of any proposed Conversion into Base Rate Advances, and subject to the provisions of Sections 2.02 2.08 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other another Type; provided provided, however, that (i) no any Conversion of any Eurodollar Rate Advances into Advances of another Type shall occur on a day other than be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by otherwise provided in Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion (a "Notice of Conversion") shall be by telecopier, confirmed promptly in writing, in substantially the form of Exhibit A-2 hereto and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A aggregate amount of, Type of, and Interest Periods applicable to the Advances to be Converted, (iii) the Type of Advance to which such Advances (or portions thereof) are proposed to be Converted, and (iiiiv) if such Conversion is into or with respect to Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may on any Business Day, if no Event of Default then exists as to such Borrowerexists, upon notice (which shall be irrevocable) given to the Administrative Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 2.2 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,00010,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may on any Business Day, if no Event of Default then exists as to such Borrowerexists, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 2.2 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may may, on any Business Day, if no Event Day prior to the Termination Date (including any date occurring on and after the effectiveness of Default then exists as to such Borrowerthe Term Loan Conversion Option), upon notice (which shall be irrevocable) given to the Administrative Agent not later than 11:00 10:00 A.M. (xNew York City time) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversionConversion, and (y) in the case of a any proposed Conversion into Base Eurodollar Rate Advances, and on the date of the proposed Conversion, in the case of any proposed Conversion into Base Rate Advances, and subject to the provisions of Sections 2.02 2.08 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other another Type; provided provided, however, that (i) no any Conversion of any Eurodollar Rate Advances into Advances of another Type shall occur on a day other than be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by otherwise provided in Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion (a "Notice of Conversion") shall be by telecopier, confirmed promptly in writing, in substantially the form of Exhibit A-2 hereto and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A aggregate amount of, Type of, and Interest Periods applicable to the Advances to be Converted, (iii) the Type of Advance to which such Advances (or portions thereof) are proposed to be Converted, and (iiiiv) if such Conversion is into or with respect to Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any Borrower may on any Business Day, if no Event of Default then exists as to such Borrower, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,00010,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may on any Business Day, if no Event of Default then exists as to such Borrowerexists, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may on any Business Day, if no Event of Default then exists as to such Borrower, upon notice (which shall be irrevocable) given to the Administrative Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate LIBOR Advances, on the third Business Day prior to the date of the proposed conversion, Conversion and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, Conversion and subject to the limitations in Section 2.02(a) as to the number of permitted Interest Periods and subject to the provisions of Sections 2.02 2.07 and 2.122.11, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other another Type; provided provided, however, that (i) no any Conversion of any Eurodollar Rate LIBOR Advances shall occur on a day other than be made on, and only on, the last day of an Interest Period for such Eurodollar Rate LIBOR Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted and the Type into which they are to be Converted, and (iii) if such Conversion is into Eurodollar Rate LIBOR Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any Borrower may on any Business Day, if no Event of Default then exists as to such Borrower, upon notice (which shall be irrevocable) given to the Agent Administrative Agent, not later than 11:00 10:00 A.M. (xNew York City time) in on the case Business Day of a the proposed Conversion into of Eurodollar Rate Advances, Advances to Base Rate Advances and not later than 12:00 noon (New York City time) on the third Business Day prior to the date of the proposed conversion, and (y) Conversion in the case of a proposed 35 30 Conversion into of Base Rate Advances to Eurodollar Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 2.13, 2.16 and 2.122.18, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other another Type; provided provided, however, that (i) no any Conversion of any Eurodollar Rate Advances shall occur into Base Rate Advances made on a any day other than the last day of an Interest Period for such Eurodollar Rate AdvancesAdvances shall be subject to the provisions of Section 9.4(b) and provided, except as contemplated by Section 2.12further, and (ii) Advances that no Revolving Credit Advance may not be Converted converted into a Eurodollar Rate Advances Advance if the aggregate unpaid principal amount an Event of the Advances Default has occurred and is less than $20,000,000continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (ia) the date of such Conversion, (iib) the A Advances to be Converted, and (iiic) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any Borrower may on any Business Day, if no Event of Default then exists as to such Borrower, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversionConversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,00010,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may on any Business Day, if no Event of Default then exists as to such Borrowerexists, upon notice (which shall be irrevocable) given to the Agent not later than 11:00 A.M. (x) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversion, and (y) in the case of a proposed Conversion into Base Rate Advances, on the date of the proposed Conversion, and subject to the provisions of Sections 2.02 2.2 and 2.12, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other Type; provided that (i) no Conversion of any Eurodollar Rate Advances shall occur on a day other than the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by Section 2.12, and (ii) Advances may not be Converted into 364-Day Credit Agreement 30 36 Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,00010,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Voluntary Conversion of Advances. Any The Borrower may may, on any Business Day, if no Event of Default then exists as Day prior to such Borrowerthe Termination Date, upon notice (which shall be irrevocable) given to the Administrative Agent not later than 11:00 10:00 A.M. (xNew York City time) in the case of a proposed Conversion into Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed conversionConversion, and (y) in the case of a any proposed Conversion into Base Eurodollar Rate Advances, and on the date of the proposed Conversion, in the case of any proposed Conversion into Base Rate Advances, and subject to the provisions of Sections 2.02 2.09 and 2.122.13, Convert all Advances of one Type comprising the same A Borrowing into Advances of the other another Type; provided provided, however, that (i) no any Conversion of any Eurodollar Rate Advances into Advances of another Type shall occur on a day other than be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances, except as contemplated by otherwise provided in Section 2.12, and (ii) Advances may not be Converted into Eurodollar Rate Advances if the aggregate unpaid principal amount of the Advances is less than $20,000,0002.13. Each such notice of a Conversion (a "Notice of Conversion") shall be by telecopier, confirmed promptly in writing, in substantially the form of Exhibit A-2 hereto and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the A aggregate amount of, Type of, and Interest Periods applicable to the Advances to be Converted, (iii) the Type of Advance to which such Advances (or portions thereof) are proposed to be Converted, and (iiiiv) if such Conversion is into or with respect to Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.