Conversion and Continuation Sample Clauses

Conversion and Continuation. Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.

Conversion and Continuation. Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Fixed Rate Borrowing, shall have an initial Interest Period and shall be denominated in Dollars or the applicable Foreign Currency as specified in such Borrowing Request. Thereafter, the Company may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Fixed Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Company may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

Conversion and Continuation. (1) The Borrowers may elect from time to time to convert Loans outstanding as Base Rate Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed conversion date (and Administrative Agent shall promptly notify the Lenders of such notice). (2) The Borrowers may elect to convert Loans outstanding as Eurodollar Loans to Base Rate Loans effective upon the last day of the applicable Eurodollar Interest Period by giving the Administrative Agent irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed conversion date (and Administrative Agent shall promptly notify the Lenders of such notice). (3) Any Eurodollar Loan may be continued as such upon the expiration of the Interest Period with respect thereto by the Borrowers giving the Administrative Agent prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed continuation date (and Administrative Agent shall promptly notify the Lenders of such notice). If the Borrowers fail to give notice as provided above, the Borrowers shall be deemed to have elected to convert any affected Eurodollar Loan to a Base Rate Loan on the last day of the applicable Interest Period. (4) No Loan shall be funded or continued as a Eurodollar Loan and no Loan shall be converted into a Eurodollar Loan if an Event of Default or Potential Default has occurred and is continuing on the day occurring three Eurodollar Business Days prior to the date of, or on the date of, any requested funding, continuation or conversion. (5) All or any part of outstanding Loans may be converted pursuant to this paragraph 5(c); provided, however, that partial conversions shall be in the principal amount of $5,000,000 or whole multiples of $1,000,000 in excess thereof, and in the case of conversions into Eurodollar Loans, after giving effect thereto to the aggregate of the then number of Eurodollar Loans of each Lender having a different Interest Period shall not exceed three. (6) Each request for the funding, continuation or conversion of a Loan shall be evidenced by the timely delivery by the Borrowers to the Administrative Agent of a duly executed Loan and/or Interest Rate Election Request (which delivery may be by facsimile transmission).

Conversion and Continuation. (a) With respect to the principal amount of the Loans outstanding from time to time, subject to the terms and provisions of this Agreement, the Company shall have the option, to (a) convert on any Business Day all or any part of such outstanding principal amount maintained as a Prime Rate Loan at such time to a LIBOR Loan; provided, however, that each such LIBOR Loan shall be in a principal amount greater than or equal to $1,000,000 or an integral multiple of $500,000 in excess thereof, (b) convert all or any part of such outstanding principal amount maintained as a LIBOR Loan to a Prime Rate Loan on the last day of the Rate Period relating to such LIBOR Loan, or (c) effective as of the last day of any Rate Period during which the outstanding principal amount of a Loan is maintained as a LIBOR Loan, continue all or a portion of such outstanding principal amount as a LIBOR Loan and the succeeding Rate Period of each such continued LIBOR Loan shall commence on the last day of the Rate Period then ended; provided, however, that each such continued LIBOR Loan shall be in a principal amount greater than or equal to $1,000,000 or an integral multiple of $500,000 in excess thereof. Notwithstanding anything set forth herein, none of the outstanding principal amount of the Loans shall be converted to, or continued as, a LIBOR Loan if (y) the last day of the Rate Period relating to such LIBOR Loan does not occur on or before the Termination Date or (z) a Default or an Event of Default has occurred and is continuing. (b) In the event the Company shall elect to convert or continue all or any part of the outstanding principal amount of a Loan as provided in the immediately preceding Subsection 2.12 (a) the Company shall deliver a written notice to the Agent (each such notice, a "Notice of Conversion or Continuation")

Conversion and Continuation. Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request or as otherwise provided in Section 2.03. Thereafter, the Company may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section; provided, however, that (i) a Borrowing denominated in one Currency may not be converted to a Borrowing in a different Currency and (ii) a Eurocurrency Borrowing denominated in an Approved Foreign Currency may not be converted to a Borrowing of a different Type. Subject to the foregoing, the Company may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings or Protective Advances, which may not be converted or continued.

Conversion and Continuation. (i) All or any part of the --------------------------- principal amount of Loans of any Type may, on any Business Day, be converted into any other Type or Types of Loans, subject to the provisions of this Section 1.4(d). (ii) Each Prime Rate Loan shall continue as a Prime Rate Loan unless and until such Loan is converted into a Loan of another Type. Each LIBOR Rate Loan of any Type shall continue as a Loan of such Type until the end of the then current Interest Period therefor, at which time it shall be automatically converted into a Prime Rate Loan unless the Borrower shall have given the Bank notice in accordance with Section 1.4(d)(iv) requesting either that such Loan continue as a Loan of such Type for another Interest Period or that such Loan be converted into a Loan of another Type at the end of such Interest Period. (iii) Notwithstanding anything to the contrary contained in Section 1.4(d)(i) or (ii), during a Default, the Bank may notify the Borrower that Loans may only be converted into or continued as Loans of certain specified Types and, thereafter, until no Default shall continue to exist, Loans may not be converted into or continued as Loans of any Type other than one or more of such specified Types. (iv) The Borrower shall give the Bank notice (which shall be irrevocable) of each conversion of a Loan or continuation of a LIBOR Rate Loan no later than 10:00 a.m. (New York time) on, in the case of a conversion into or a continuation of a Prime Rate Loan, the Business Day, and, in the case of a conversion into or continuation of a LIBOR Rate Loan, the second Business Day, before the requested date of such conversion or continuation. Each notice of conversion or continuation shall be in the form of Schedule 1.4(d) (iv) and shall specify (A) the -------------------- requested date of such conversion or continuation, (B) the amount and Type and, in the case of LIBOR Rate Loans, the last day of the applicable Interest Period, of the Loan to be converted or continued and (C) the amount and Type or Types of Loans into which such Loan is to be converted or as which such Loan is to be continued. (v) Notwithstanding the terms of Section 1.4(d)(ii), a LIBOR Rate Loan may be converted into another Type or other Types of Loans prior to the end of the Interest Period applicable thereto (a "Breakfunding Conversion"); provided, however, that, in the case of a -------- ------- Breakfunding Conversion, at the written demand of the Lender the Borrower will be pay...

Conversion and Continuation. Each Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurodollar Borrowing or a CDOR Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing or CDOR Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.07. The applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

Conversion and Continuation. (i) The Company may elect from time to time, subject to the provisions of Sections 2.3(a), 2.9 and 2.10 and the Lending Sublimits to convert all or any part of any Advance (other than a Bid Loan or Discount Advance) into a different type of Advance, provided that any conversion of any such Eurodollar Advance shall be made on, and only on, the last day of the applicable Eurodollar Interest Period. Discount Advances and Bid Loans are payable on the last day of the applicable Discount Loan Period or Bid Loan period and may be repaid out of new Advances hereunder but may not be converted directly to a different type of Advance. (ii) Alternate Base Rate Advances shall continue as the same type of Advances unless and until such Advances are converted into a different form of Advance in accordance with the terms hereof. Federal Funds Advances shall continue as Federal Funds Advances unless and until (a) such Advances are converted into a different form of Advance in accordance with the terms hereof or (b) the Company has paid any such Federal Funds Advance prior to 10:00 a.m. (Chicago time) on any Business Day or given the Agent written notice before 10:00 a. m. (Chicago time) on any Business Day that such Federal Funds Advance will be repaid on such Business Day. Overnight Transaction Advances and Swingline Buydown Advances shall continue as Overnight Transaction Advances and Swingline Buydown Advances, respectively, unless and until (a) such Advances are converted into a different form of Advance in accordance with the terms hereof or (b) the Company or a Borrowing Subsidiary, as applicable, has paid any such Overnight Transaction Advance or Swingline Buydown Advance prior to 3:00 p.m. (Chicago time) on any Business Day or given the Agent written notice before 3:00 p.m. (Chicago time) on any Business Day that such Overnight Transaction Advance or Swingline Buydown Advance will be repaid on such Business Day. If the Company so notifies the Agent that it will be paying a Federal Funds Advance, Overnight Transaction Advance or Swingline Buydown Advance on any Business Day and fails to do so, such Advance shall be converted into an Alternate Base Rate Advance. Eurodollar Advances shall continue until the end of the then-applicable Eurodollar Interest Period therefor, at which time each such Advance shall be automatically converted to a Federal Funds Advance, unless the Company shall have given the Agent notice in accordance with Section 2.12(iii) requesting that, a...

Conversion and Continuation. Each Revolving Borrowing, Available Currency Borrowing and Canadian Currency Borrowing initially shall be of the Type specified 007751-0138-14324-Active.18437309 #86412664v10 in the applicable Borrowing Request and, in the case of a Fixed Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Fixed Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Borrowings, which may not be converted or continued.