Common use of Certain Conversions Clause in Contracts

Certain Conversions. If the Libor Loans of any Bank (such Loans being herein called "Affected Loans") are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist: (a) to the extent that such Bank's Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's Affected Loans shall be applied instead to its Base Rate Loans; and (b) all Loans which would otherwise be made or Continued by such Bank as Libor Loans shall be made or Continued instead as Base Rate Loans and all Loans of such Bank which would otherwise be Converted into Libor Loans shall be Converted instead into (or shall remain as) Base Rate Loans. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation of such Bank's Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor Loans are outstanding, such Bank's Base Rate Loans shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.

Certain Conversions. If the Libor LIBOR Loans of any Bank (such Loans being herein called "“Affected Loans"”) are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's ’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist: (a) to the extent that such Bank's ’s Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's ’s Affected Loans shall be applied instead to its Base Rate Loans; and (b) all Loans which would otherwise be made or Continued by such Bank as Libor LIBOR Loans shall be made or Continued instead as Base Rate Loans and all Loans of such Bank which would otherwise be Converted into Libor LIBOR Loans shall be Converted instead into (or shall remain as) Base Rate Loans. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation non‑Continuation of such Bank's ’s Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor LIBOR Loans are outstanding, such Bank's ’s Base Rate Loans shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor LIBOR Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor LIBOR Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.

Certain Conversions. If the Libor LIBOR Loans of any Bank (such Loans being herein called "“Affected Loans"”) are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's ’s Affected Loans shall be automatically Converted into Base Loans with an interest rate equal to the Prime Rate Loans minus 2% on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist: (a) to the extent that such Bank's ’s Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's ’s Affected Loans shall be applied instead to its Base Loans with an interest rate equal to the Prime Rate Loansminus 2%; and (b) all Loans which would otherwise be made or Continued by such Bank as Libor LIBOR Loans shall be made or Continued instead as Base Loans with an interest rate equal to the Prime Rate Loans minus 2% and all Loans of such Bank which would otherwise be Converted into Libor LIBOR Loans shall be Converted instead into (or shall remain as) Base Loans with an interest rate equal to the Prime Rate Loansminus 2%. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation of such Bank's ’s Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor LIBOR Loans are outstanding, such Bank's Base ’s Loans with an interest rate equal to the Prime Rate Loans minus 2% shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor LIBOR Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor LIBOR Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.

Certain Conversions. If the Libor LIBOR Loans of any Bank (such Loans being herein called "“Affected Loans"”) are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's ’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist: (a) to the extent that such Bank's ’s Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's ’s Affected Loans shall be applied instead to its Base Rate Loans; and (b) all Loans which would otherwise be made or Continued by such Bank as Libor LIBOR Loans shall be made or Continued instead as Base Rate Loans and all Loans of such Bank which would otherwise be Converted into Libor LIBOR Loans shall be Converted instead into (or shall remain as) Base Rate Loans. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation of such Bank's ’s Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor LIBOR Loans are outstanding, such Bank's ’s Base Rate Loans shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor LIBOR Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor LIBOR Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.

Certain Conversions. If the Libor Loans of any Bank (such Loans being herein called "“Affected Loans"”) are to be Converted pursuant to Section 3.3 or 3.4 or 3.5 hereof, such Bank's ’s Affected Loans shall be automatically Converted into Base Rate Loans on the last day(s) of the then current Interest Period(s) for the Affected Loans (or, if holding such Affected Loan would be contrary to any Requirement of Law, on such earlier date as such Bank may specify to the Borrower with a copy to the Administrative Agent) and, unless and until such Bank gives notice as provided below that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to such Conversion no longer exist: (a) to the extent that such Bank's ’s Affected Loans have been so Converted, all payments and prepayments of principal which would otherwise be applied to such Bank's ’s Affected Loans shall be applied instead to its Base Rate Loans; and (b) all Loans which would otherwise be made or Continued by such Bank as Libor Loans shall be made or Continued instead as Base Rate Loans and all Loans of such Bank which would otherwise be Converted into Libor Loans shall be Converted instead into (or shall remain as) Base Rate Loans. If such Bank gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in Section 3.3, 3.4 or 3.5 hereof which gave rise to the Conversion or non-Continuation of such Bank's ’s Affected Loans pursuant to this Section 3.6 no longer exist (which such Bank agrees to do promptly upon such circumstances ceasing to exist) at a time when Libor Loans are outstanding, such Bank's ’s Base Rate Loans shall be automatically Converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Libor Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the Banks holding Libor Loans and by such Bank are held pro rata (as to principal amounts and Interest Periods) in accordance with their respective Revolving Credit Loan Commitments.