Common use of Conversion and Continuation Clause in Contracts

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. (1) The Borrowers Company may elect from time to time to convert Loans outstanding as Base Eurodollar Rate Loans to Eurodollar Alternate Rate Loans by giving the Administrative Agent at least one Business Day's prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third election. Any conversion of 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 only 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 made on the last day of the applicable Interest Period. . Subject to the limitation set forth in the last sentence of Paragraph 2(i)(3) hereof, the Company may elect from time to time to convert Alternate Rate Loans to Eurodollar Rate Loans by giving the Administrative Agent at least three (43) No Loan Eurodollar Business Days' prior irrevocable notice of such election. All such elections shall be funded or continued as made by means of a Eurodollar Loan and no Request. No Alternate Rate Loan shall be converted into a Eurodollar Rate 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, of the conversion requested by the Company or on the date of, any requested funding, continuation or of conversion. (5) . All or any part of outstanding Loans may be converted pursuant to this paragraph 5(c)as provided herein, provided that partial conversions shall be in a minimum principal amount of $1,000,000.00 or whole multiples of $100,000.00 in excess thereof. (2) Any Eurodollar Rate Loan may be continued as such upon the expiration of the Interest Period with respect thereto by the Company giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth in a Loan Request; provided, however, that partial conversions no Eurodollar Rate Loan may be continued as such when any Event of Default or Potential Default has occurred and is continuing on the day occurring three (3) Eurodollar Business Days prior to the proposed date of such continuation or on the date of conversion, but shall be in automatically converted to an Alternate Rate Loan on 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 last day of the then number of Eurodollar Loans of each Lender having a different current Interest Period shall not exceed three. (6) Each request for the fundingapplicable thereto, continuation or conversion of a Loan shall be evidenced by the timely delivery by the Borrowers to and the Administrative Agent shall notify the Company promptly that such automatic conversion will occur. If the Company shall fail to give notice as provided above, the Company shall be deemed to have elected to convert the affected Eurodollar Rate Loan to an Alternate Rate Loan on the last day of a duly executed Loan and/or the relevant Interest Rate Election Request (which delivery may be by facsimile transmission)Period.

Conversion and Continuation. (1) The Borrowers Companies may elect from time to time to convert Loans outstanding as Base Rate Eurodollar Loans to Eurodollar Fed Funds Loans by giving the Administrative Agent Lender at least one Business Day's prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed election. Any 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 only 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 made on the last day of the applicable Interest Period. (4. Subject to the limitation set forth in the last sentence of Paragraph 2(b)(2) No Loan hereof, the Companies may elect from time to time to convert Fed Funds Loans to Eurodollar Loans by giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election. All such elections shall be funded or continued as made by means of a Eurodollar Loan and no Request. No Fed Funds 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, of the conversion requested by the Companies or on the date of, any requested funding, continuation or of conversion. (5) . All or any part of outstanding Loans may be converted pursuant to this paragraph 5(c)as provided herein, provided that partial conversions shall be in a principal amount of $1,000,000.00 or whole multiples of $100,000.00 in excess thereof. (2) Any Eurodollar Loan may be continued as such upon the expiration of the Interest Period with respect thereto by the Companies giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth in a Loan Request; provided, however, that partial conversions no Eurodollar Loan may be continued as such when any Event of Default or Potential Default has occurred and is continuing on the day occurring three Eurodollar Business Days prior to the proposed date of such continuation or on the date of conversion, but shall be in automatically converted to a Fed Funds Rate Loan on 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 last day of the then number of Eurodollar Loans of each Lender having a different current Interest Period applicable thereto, and the Lender shall not exceed three. (6) Each request for notify the fundingCompanies promptly that such automatic conversion will occur. If the Companies shall fail to give notice as provided above, continuation or conversion of a Loan the Companies shall be evidenced by deemed to have elected to convert the timely delivery by affected Eurodollar Loan to a Fed Funds Loan on the Borrowers to last day of the Administrative Agent of a duly executed Loan and/or relevant Interest Rate Election Request (which delivery may be by facsimile transmission)Period.

Conversion and Continuation. (1) The Borrowers Company may elect from time to time to convert Loans outstanding as Base Rate Eurodollar Loans to Eurodollar Fed Funds Loans by giving the Administrative Agent Lender at least one Business Day's prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed election. Any 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 only 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 made on the last day of the applicable Interest Period. (4. Subject to the limitation set forth in the last sentence of Paragraph 2(b)(2) No Loan hereof, the Company may elect from time to time to convert Fed Funds Loans to Eurodollar Loans by giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election. All such elections shall be funded or continued as made by means of a Eurodollar Loan and no Request. No Fed Funds 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, of the conversion requested by the Company or on the date of, any requested funding, continuation or of conversion. (5) . All or any part of outstanding Loans may be converted pursuant to this paragraph 5(c)as provided herein, provided that partial conversions shall be in a principal amount of $1,000,000.00 or whole multiples of $100,000.00 in excess thereof. (2) Any Eurodollar Loan may be continued as such upon the expiration of the Interest Period with respect thereto by the Company giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth in a Loan Request; provided, however, that partial conversions no Eurodollar Loan may be continued as such when any Event of Default or Potential Default has occurred and is continuing on the day occurring three Eurodollar Business Days prior to the proposed date of such continuation or on the date of conversion, but shall be in automatically converted to a Fed Funds Rate Loan on 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 last day of the then number of Eurodollar Loans of each Lender having a different current Interest Period applicable thereto, and the Lender shall not exceed three. (6) Each request for notify the fundingCompany promptly that such automatic conversion will occur. If the Company shall fail to give notice as provided above, continuation or conversion of a Loan the Company shall be evidenced by deemed to have elected to convert the timely delivery by affected Eurodollar Loan to a Fed Funds Loan on the Borrowers to last day of the Administrative Agent of a duly executed Loan and/or relevant Interest Rate Election Request (which delivery may be by facsimile transmission)Period.

Conversion and Continuation. (1) The Borrowers Company may elect from time to time to convert Loans outstanding as Base Eurodollar Rate Loans to Eurodollar Alternate Rate Loans by giving the Administrative Agent at least one Business Day's prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on the third election. Any conversion of 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 only 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 made on the last day of the applicable Interest Period. . Subject to the limitation set forth in the last sentence of Paragraph 2(i)(3) hereof, the Company may elect from time to time to convert Alternate Rate Loans to Eurodollar Rate Loans by giving the Administrative Agent at least three (43) No Loan Eurodollar Business Days' prior irrevocable notice of such election. All such elections shall be funded or continued as made by means of a Eurodollar Loan and no Request. No Alternate Rate Loan shall be converted into a Eurodollar Rate 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, of the conversion requested by the Company or on the date of, any requested funding, continuation or of conversion. (5) . All or any part of outstanding Loans may be converted pursuant to this paragraph 5(c)as provided herein, provided that partial conversions shall be in a minimum principal amount of $5,000,000.00 or whole multiples of $1,000,000.00 in excess thereof. (2) Any Eurodollar Rate Loan may be continued as such upon the expiration of the Interest Period with respect thereto by the Company giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth in a Loan Request; provided, however, that partial conversions no Eurodollar Rate Loan may be continued as such when any Event of Default or Potential Default has occurred and is continuing on the day occurring three (3) Eurodollar Business Days prior to the proposed date of such continuation or on the date of conversion, but shall be in automatically converted to an Alternate Rate Loan on 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 last day of the then number of Eurodollar Loans of each Lender having a different current 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).applicable

Conversion and Continuation. (1) The Borrowers Company may elect from time to time to convert Loans outstanding as Base Rate Eurodollar Loans to Eurodollar Effective Fed Funds Rate Loans by giving the Administrative Agent prior irrevocable Lender same day notice of such election no later than 9:30 a.m. (Dallas time) on the third Eurodollar Business Day preceding the proposed election. Any 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 only 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 made on the last day of the applicable Interest Period. (4) No Loan . The Company may elect from time to time to convert Effective Fed Funds Rate Loans to Eurodollar Loans by giving the Lender at least three Eurodollar Business Days' prior irrevocable notice of such election. All such elections shall be funded or continued as evidenced by the delivery by the Company to the Lender within the required time frame of a Eurodollar duly executed Loan and no And/Or Interest Rate Election Request. No Effective Fed Funds Rate 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 date of the date of, or on conversion requested by the date of, any requested funding, continuation or conversion. (5) Company. All or any part of outstanding Revolving Loans or, following the Conversion Date, the Term Loan may be converted pursuant to this paragraph 5(c)as provided herein; provided, however, that partial conversions shall be in the a principal amount of $5,000,000 5,000,000.00 or whole multiples of $1,000,000 1,000,000.00 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 the Lender having a different Interest Period shall does not exceed threeten. (62) Each request for Any Eurodollar Loan may be continued as such upon the funding, continuation or conversion expiration of a Loan shall be evidenced the Interest Period with respect thereto by the timely delivery by Company giving the Borrowers to the Administrative Agent Lender at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth on a duly executed Loan and/or And/Or Interest Rate Election Request (which delivery Request; provided, however, that no Eurodollar Loan may be by facsimile transmission)continued as such when any Event of Default or Potential Default has occurred and is continuing, but shall be automatically converted to an Effective Fed Funds Rate Loan on the last day of the then current Interest Period applicable thereto, and the Lender shall notify the Company promptly that such automatic conversion will occur. If the Company shall fail to give notice as provided above, the Company shall be deemed to have elected to convert the affected Eurodollar Loan to an Effective Fed Funds Rate Loan on the last day of the relevant Interest Period.

Conversion and Continuation. (1) The Borrowers Company may elect from time to time to convert Tranche A Committed Loans and Tranche B Loans outstanding as Base Eurodollar Loans to Effective Fed Funds Rate Loans by giving the Administrative Agent same day notice of such election. Any conversion of Eurodollar Loans may only be made on the last day of the applicable Interest Period. The Company may elect from time to time to convert Tranche A Committed Loans and Tranche B Loans outstanding as Effective Fed Funds Rate Loans to Eurodollar Loans by giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on election. All such elections shall be evidenced by the third Eurodollar Business Day preceding delivery by the proposed conversion date (and Company to the Administrative Agent within the required time frame of a duly executed Loan And/Or Interest Rate Election Request. Upon receipt of a Loan And/Or Interest Rate Election Request, the Administrative Agent shall promptly notify each of the Lenders of the Company's elections under such notice). (2) The Borrowers may elect to convert Loans outstanding as Eurodollar Loans to Base Loan And/Or Interest 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)Election Request. 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 No Effective Fed Funds 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 date of the date of, or on conversion requested by the date of, any requested funding, continuation or conversion. (5) Company. All or any part of outstanding Tranche A Committed Loans and Tranche B Loans may be converted pursuant to this paragraph 5(c)as provided herein; provided, however, that partial conversions shall be in the a principal amount of $5,000,000 5,000,000.00 or whole multiples of $1,000,000 1,000,000.00 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 does not exceed threeten. (62) Each request for Any Eurodollar Loan may be continued as such upon the funding, continuation or conversion expiration of a Loan shall be evidenced the Interest Period with respect thereto by the timely delivery by the Borrowers to Company giving the Administrative Agent of a duly executed Loan and/or Interest Rate Election Request (which delivery may be by facsimile transmission).at least three Eurodollar Business Days' prior irrevocable notice of

Conversion and Continuation. (1) The Borrowers Company may elect from time to time to convert Tranche A Committed Loans and Tranche B Loans outstanding as Base Eurodollar Loans to Effective Fed Funds Rate Loans by giving the Administrative Agent same day notice of such election. Any conversion of Eurodollar Loans may only be made on the last day of the applicable Interest Period. The Company may elect from time to time to convert Tranche A Committed Loans and Tranche B Loans outstanding as Effective Fed Funds Rate Loans to Eurodollar Loans by giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election no later than 9:30 a.m. (Dallas time) on election. All such elections shall be evidenced by the third Eurodollar Business Day preceding delivery by the proposed conversion date (and Company to the Administrative Agent within the required time frame of a duly executed Loan And/Or Interest Rate Election Request. Upon receipt of a Loan And/Or Interest Rate Election Request, the Administrative Agent shall promptly notify each of the Lenders of the Company's elections under such notice). (2) The Borrowers may elect to convert Loans outstanding as Eurodollar Loans to Base Loan And/Or Interest 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)Election Request. 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 No Effective Fed Funds 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 date of the date of, or on conversion requested by the date of, any requested funding, continuation or conversion. (5) Company. All or any part of outstanding Tranche A Committed Loans and Tranche B Loans may be converted pursuant to this paragraph 5(c)as provided herein; provided, however, that partial conversions shall be in the a principal amount of $5,000,000 5,000,000.00 or whole multiples of $1,000,000 1,000,000.00 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 does not exceed threeten. (62) Each request for Any Eurodollar Loan may be continued as such upon the funding, continuation or conversion expiration of a Loan shall be evidenced the Interest Period with respect thereto by the timely delivery by the Borrowers to Company giving the Administrative Agent at least three Eurodollar Business Days' prior irrevocable notice of such election as set forth on a duly executed Loan and/or And/Or Interest Rate Election Request (which delivery Request; provided, however, that no Eurodollar Loan may be by facsimile transmission).continued as such when any Event of Default or Potential Default has occurred and is continuing, but shall be automatically converted to an Effective Fed Funds Rate Loan on the last day of the then current Interest Period applicable thereto, and the Administrative Agent shall notify the Lenders and the Company promptly that such automatic conversion will occur. Upon receipt of a Loan And/Or Interest Rate Election Request, the Administrative Agent shall promptly notify each of the Lenders of the Company's elections under such Loan And/