Common use of Conversion and Continuation of Outstanding Ratable Advances Clause in Contracts

Conversion and Continuation of Outstanding Ratable Advances. Each Floating Rate Advance under a Facility shall continue as a Floating Rate Advance of that Type unless and until such Floating Rate Advance is either converted into the other Type of Floating Rate Advance or a Fixed Ratable Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Each Fixed Ratable Advance under a Facility shall continue as a Fixed Ratable Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Fixed Ratable Advance shall be automatically converted into a Federal Funds/Euro-Rate Advance under such Facility unless such Fixed Ratable Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Fixed Ratable Advance of the same or a different Type for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance under a Facility into another Rate Option; provided, that any conversion or continuation of any Fixed Ratable Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “Rate Option Notice”) of each conversion of a Floating Rate Advance under a Facility into the other Type of Floating Rate Advance or into a Fixed Ratable Advance, or continuation of a Fixed Ratable Advance or the conversion of a Fixed Ratable Advance, not later than 11:00 a.m. (New York time) (x) on the Business Day of the conversion of a Floating Rate Advance into the other Type of Floating Rate Advance or the conversion of a Fixed Ratable Advance into an ABR Advance, (y) at least one Business Day prior to the requested conversion of a Floating Rate Advance into, or the requested conversion or continuation of a Fixed Ratable Advance into, a Fixed CD Rate Option or (z) at least three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into a Eurodollar Ratable Advance, specifying:

Conversion and Continuation of Outstanding Ratable Advances. Each Floating Rate Advance under a Facility shall continue as a Floating Rate Advance of that Type unless and until such Floating Rate Advance is either converted into the other Type of Floating Rate Advance or a Fixed Ratable Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Each Fixed Ratable Advance under a Facility shall continue as a Fixed Ratable Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Fixed Ratable Advance shall be automatically converted into a Federal Funds/Euro-Rate Advance under such Facility unless such Fixed Ratable Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Fixed Ratable Advance of the same or a different Type for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance under a Facility into another Rate Option; provided, that any conversion or continuation of any Fixed Ratable Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “"Rate Option Notice”") of each conversion of a Floating Rate Advance under a Facility into the other Type of Floating Rate Advance or into a Fixed Ratable Advance, or continuation of a Fixed Ratable Advance or the conversion of a Fixed Ratable Advance, not later than 11:00 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Floating Rate Advance into the other Type of Floating Rate Advance or the conversion of a Fixed Ratable Advance into an ABR Advance, (y) at least one Business Day prior to the requested conversion of a Floating Rate Advance into, or the requested conversion or continuation of a Fixed Ratable Advance into, a Fixed CD Rate Option or (z) at least three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into a Eurodollar Ratable Advance, specifying:: (i) the requested date, which shall be a Business Day, of such conversion or continuation; (ii) the aggregate amount and Rate Option applicable to the Ratable Advance which is to be converted or continued; and (iii) the amount and Rate Option(s) of Ratable Advance(s) into which such Ratable Advance is to be converted or continued and, in the case of a conversion into or continuation of a Fixed Ratable Advance, the duration of the Interest Period applicable thereto (which shall be subject to the limitations set forth in Section 2.2.6). 2.2.5.

Conversion and Continuation of Outstanding Ratable Advances. Each Floating Rate ABR Advance under a Facility shall continue as a Floating Rate an ABR Advance of that Type unless and until such Floating Rate ABR Advance is either converted into the other Type of Floating Rate a Term SOFR Advance or a Fixed Ratable Daily Simple SOFR Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Each Fixed Ratable Term SOFR Advance under a Facility shall continue as a Fixed Ratable Term SOFR Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Fixed Ratable Term SOFR Advance shall be automatically converted into continued as a Federal Funds/Euro-Rate Term SOFR Advance under such Facility with an Interest Period of one month unless such Fixed Ratable Term SOFR Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Fixed Ratable Term SOFR Advance of the same or a different Type for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance or Daily Simple SOFR Advance in accordance with this Section 2.2.4. Each Daily Simple SOFR Advance shall continue as a Daily Simple SOFR Advance unless and until such Daily Simple SOFR Advance is converted into a Term SOFR Advance or ABR Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance under a Facility into another Rate Option; provided, provided that any conversion or continuation of any Fixed Ratable Term SOFR Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice substantially the form of Exhibit G hereto (a “Rate Option Notice”) of each conversion of an ABR Advance into a Floating Rate Advance under a Facility into the other Type of Floating Rate Term SOFR Advance or Daily Simple SOFR Advance, conversion of a Daily Simple SOFR Advance into a Fixed Ratable Term SOFR Advance or ABR Advance, or continuation of a Fixed Ratable Term SOFR Advance or the conversion of a Fixed Ratable Term SOFR Advance into an ABR Advance or Daily Simple SOFR Advance, not later than 11:00 a.m. (x) 1:00 p.m. (New York time) (x) on the Business Day of the conversion of a Floating Rate Advance into the other Type of Floating Rate Advance or the conversion of a Fixed Ratable Term SOFR Advance into an ABR Advance, (y) 11:00 a.m. (New York time) at least one two U.S. Government Securities Business Day Days prior to the requested conversion date of a Floating Rate Advance into, or the requested conversion or continuation of an Advance into or as a Fixed Ratable Term SOFR Advance into, a Fixed CD Rate Option or (z) 11:00 a.m. (New York time) at least three one U.S. Government Securities Business Days Day prior to the date of the requested conversion or continuation of a Ratable Advance into or as a Eurodollar Ratable Daily Simple SOFR Advance, specifying:

Conversion and Continuation of Outstanding Ratable Advances. Each Floating Rate Advance under a Facility shall continue as a Floating Rate Advance of that Type unless and until such Floating Rate Advance is either converted into the other Type of Floating Rate Advance or a Fixed Ratable Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Each Fixed Ratable Advance under a Facility shall continue as a Fixed Ratable Advance of such Type until the end of the then applicable Interest Period therefor, at which time such Fixed Ratable Advance shall be automatically converted into a Federal Funds/Euro-Rate Advance under such Facility unless such Fixed Ratable Advance shall have been either (a) prepaid in accordance with Section 2.6, (b) continued as a Fixed Ratable Advance of the same or a different Type for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or continue the Rate Option applicable to all or any part of a Ratable Advance under a Facility into another Rate Option; provided, that any conversion or continuation of any Fixed Ratable Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “"Rate Option Notice”") of each conversion of a Floating Rate Advance under a Facility into the other Type of Floating Rate Advance or into a Fixed Ratable Advance, or continuation of a Fixed Ratable Advance or the conversion of a Fixed Ratable Advance, not later than 11:00 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Floating Rate Advance into the other Type of Floating Rate Advance or the conversion of a Fixed Ratable Advance into an ABR Advance, (y) at least one Business Day prior to the requested conversion of a Floating Rate Advance into, or the requested conversion or continuation of a Fixed Ratable Advance into, a Fixed CD Rate Option or (z) at least three Business Days prior to the date of the requested conversion or continuation of a Ratable Advance into a Eurodollar Ratable Advance, specifying:

Conversion and Continuation of Outstanding Ratable Advances. Each Floating Rate Advance under a Facility shall continue as a Floating Rate Advance of that Type unless and until such Floating Rate Advance is either converted into the other Type of Floating Rate Advance or a Fixed Ratable Advance in accordance with this Section 2.2.4 or is prepaid in accordance with Section 2.6. Each Fixed Ratable Advance under a Facility shall continue as a Fixed Ratable Advance of such Type until the end of the ofthe then applicable Interest Period therefor, at which time such Fixed Ratable Advance shall be automatically converted into a Federal Funds/Euro-Rate Advance under such Facility unless such Fixed Ratable Advance shall have been either (a) prepaid a)prepaid in accordance with Section 2.6, (b) continued as a Fixed Ratable Advance of the same or a different Type for the same or another Interest Period in accordance with this Section 2.2.4 or (c) converted into an ABR Advance in accordance with this Section 2.2.4. Subject to the terms of Section 2.5, the Borrower may elect from time to time to convert and/or and/ or continue the Rate Option applicable to all or any part of a Ratable Advance under a Facility into another Rate Option; provided, that any conversion or continuation of any Fixed Ratable Advance shall be made on, and only on, the last day of the Interest Period applicable thereto. The Borrower shall give the Administrative Agent irrevocable notice (a “"Rate Option Notice”") of each conversion of a Floating Rate Advance under a Facility into the other Type of Floating Rate Advance or into a Fixed Ratable Advance, or continuation of a Fixed Ratable Advance or the conversion of a Fixed Ratable Advance, not later than 11:00 10:00 a.m. (New York Chicago time) (x) on the Business Day of the conversion of a Floating Rate Advance into the other Type of Floating Rate Advance or the conversion of a Fixed Ratable Advance into an ABR Advance, (y) at least one Business Day prior to the requested conversion of a Floating Rate Advance into, or the requested conversion or conversionor continuation of a Fixed Ratable Advance into, a Fixed CD Rate Option or (z) at z)at least three Business Days prior to the date of the requested conversion or continuation orcontinuation of a Ratable Advance into a Eurodollar Ratable Advance, specifying: