Common use of Conversion of Advances Clause in Contracts

Conversion of Advances. (a) Subject to subsections (c) and (d), below, the Company may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 3.08, 3.12 and 4.02, Convert all Advances of one Type resulting from the same Borrowing into Advances of another Type or, in the case of Eurodollar Rate Advances, select a new or renew the same Interest Period for such Eurodollar Rate Advances; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances. Each such notice of a Conversion shall specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into, or with respect to, Eurodollar Rate Advances, the duration of the Interest Period for such Eurodollar Rate Advances.

Conversion of Advances. (a) Subject to subsections (c) and (d), below, the Company The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the any proposed Conversion into Eurodollar Rate Advances and on the Business Day of any proposed Conversion into Base Rate Advances subject to the provisions of Sections 3.08, 3.12 and 4.02Section 2.18, Convert all Advances of one Type resulting from the same Borrowing into Advances of another Type or, in or Types or Advances of the case of same Type having the same or a new Interest Period; provided that no Advance shall be converted to a Eurodollar Rate Advances, select a new or renew the same Interest Period for such Eurodollar Rate Advances; provided, however, that Advance if any Conversion Event of Eurodollar Rate Advances into Base Rate Advances Default shall have occurred and be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advancescontinuing. Each such notice of a Conversion shall shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, Converted and (iii) if such Conversion is into, or with respect to, to Eurodollar Rate Advances, the duration of the Interest Period for each such Eurodollar Rate AdvancesAdvance.

Conversion of Advances. (a) Subject to subsections (c) and (d), ) below, the Company may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 3.08, 3.12 and 4.02, Convert all Advances of one Type resulting from the same Borrowing into Advances of another Type or, in the case of Eurodollar Rate Advances, select a new or renew the same Interest Period for such Eurodollar Rate Advances; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advances. Each such notice of a Conversion shall specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into, or with respect to, Eurodollar Rate Advances, the duration of the Interest Period for such Eurodollar Rate Advances.