Continuation and Conversion. The Borrower shall have the option, on any Business Day, to continue existing Loans into a subsequent permissible Interest Period or to convert Loans into Loans of another interest rate type; provided, however, that (i) except as provided in Section 3.8, Eurodollar Loans may be converted into Base Rate Loans or continued as Eurodollar Loans for new Interest Periods only on the last day of the Interest Period applicable thereto, (ii) Loans continued as, or converted into, Eurodollar Loans shall be subject to the terms of the definition of "
Appears in 2 contracts
Sources: Credit Agreement (Jw Childs Equity Partners Ii Lp), Credit Agreement (Signal Medical Services)