Common use of Continuations and Conversions of Existing Loans Clause in Contracts

Continuations and Conversions of Existing Loans. The Borrower may make the following elections with respect to Revolving Credit Loans and Term Loans already outstanding: to Convert, in whole or in part, Base Rate Loans to Eurodollar Loans, to Convert, in whole or in part, Eurodollar Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and to Continue, in whole or in part, Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Revolving Credit Loans or Term Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Revolving Credit Loans or Term Loans made pursuant to one Borrowing into separate new Borrowings, provided, that (i) the Borrower may have no more than eight (8) Borrowings of Eurodollar Loans outstanding at any time, (ii) the aggregate amount of all Base Rate Loans in any Borrowing must be equal to $1,000,000 or any higher integral multiple of $500,000, (iii) the aggregate amount of all Eurodollar Loans in any Borrowing must be equal to $3,000,000 or any higher integral multiple of $1,000,000, and (iv) Borrowings of Revolving Credit Loans may not be combined with Borrowings of Term Loans and Borrowings of Term Loans may not be combined with Borrowings of Revolving Credit Loans. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must:

Continuations and Conversions of Existing Loans. The With respect ----------------------------------------------- to Tranche A Loans, Borrower may make the following elections with respect elect to Revolving Credit convert Tranche A Loans and Term Loans already outstanding: to Convert, in whole or in part, that are Base Rate Loans to Tranche A Loans that are Eurodollar Loans, to Convert, in whole or in part, convert Tranche A Loans that are Eurodollar Loans to Tranche A Loans that are Base Rate Loans on the last day of the Interest Period applicable thereto, and to Continue, in whole or in part, continue Tranche A Loans that are Eurodollar Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Revolving Credit Loans or Term Tranche A Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Revolving Credit Loans or Term Tranche A Loans made pursuant to one Borrowing into separate new Borrowings, provided, provided that (i) the Borrower may have no more than eight (8) five Borrowings of Tranche A Loans that are Eurodollar Loans outstanding at any time, (ii) the aggregate amount of all Base Rate Loans in any Borrowing must be equal to $1,000,000 or any higher integral multiple of $500,000, (iii) the aggregate amount of all Eurodollar Loans in any Borrowing must be equal to $3,000,000 or any higher integral multiple of $1,000,000, and (iv) Borrowings of Revolving Credit Loans may not be combined with Borrowings of Term Loans and Borrowings of Term Loans may not be combined with Borrowings of Revolving Credit Loans. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion conversion or Continuation continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice constitutes a "Continuation/Conversion Notice" hereunder and must:"

Continuations and Conversions of Existing Loans. The Borrower may make the following elections with respect to Revolving Credit Loans and Term Loans already outstanding: to Convert, in whole or in part, at any time following the fifth (5th) U.S. Government Securities Business Day after the Closing Date, Base Rate Loans to Eurodollar SOFR Loans, and to Convert, in whole or in part, Eurodollar upon the expiration of any Interest Period thereof, SOFR Loans to Base Rate Loans on the last day of the Interest Period applicable thereto, and to Continue, in whole or in part, Eurodollar SOFR Loans beyond the expiration of such Interest Period by designating a new Interest Period to take effect at the time of such expiration. In making such elections, the Borrower may combine existing Revolving Credit Loans or Term Loans made pursuant to separate Borrowings into one new Borrowing or divide existing Revolving Credit Loans or Term Loans made pursuant to one Borrowing into separate new Borrowings, provided, that (i) the Borrower may have no more than eight twelve (8) 12) Borrowings of Eurodollar SOFR Loans outstanding at any time, (ii) the aggregate amount of all Base Rate Loans in any Borrowing must be equal to $1,000,000 or any higher integral multiple of $500,000, and (iii) the aggregate amount of all Eurodollar SOFR Loans in any Borrowing must be equal to $3,000,000 5,000,000 or any higher integral multiple of $1,000,000, and (iv) Borrowings of Revolving Credit Loans may not be combined with Borrowings of Term Loans and Borrowings of Term Loans may not be combined with Borrowings of Revolving Credit Loans. To make any such election, the Borrower must give to the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any such Conversion or Continuation of existing Loans, with a separate notice given for each new Borrowing. Each such notice must: