Conversion of Revolving Loans. Subject to Section 3.5, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided that no Base Rate Revolving Loan may be converted into a LIBOR Revolving Loan after the occurrence and during the continuance of an Event of Default; provided, further, that any conversion of a LIBOR Revolving Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 3.5. To request a conversion of a Revolving Loan Borrowing, the Borrower shall deliver to the Administrative Agent a Notice of Revolving Loan Conversion in the form of Exhibit B-2, appropriately completed and duly executed by a Responsible Officer of the Borrower, which Notice of Revolving Loan Conversion shall specify:
Conversion of Revolving Loans. Borrower may convert all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving Prime Rate Loans into Revolving LIBOR Loans and all Revolving Loans in any Revolving Loan Borrowing consisting of Revolving LIBOR Loans into Revolving Prime Rate Loans; provided, however, that any conversion of Revolving LIBOR Loans into Revolving Prime Rate Loans shall be made on, and only on, the last day of an Interest Period for such Revolving LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Administrative Agent in the form of Exhibit B, appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:
Conversion of Revolving Loans. Subject to Section 2.13, the Borrowers may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Base Rate Loan into a LIBOR Loan shall be in the amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and any conversion of a LIBOR Loan into a Base Rate Loan shall be in the amount of $3,000,000 or an integral multiple of $500,000 in excess thereof; provided, further, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of Default and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.13. The Borrowers shall request such a conversion by delivering to the Administrative Agent an irrevocable written notice to the Administrative Agent substantially in the form of Exhibit B (a “Notice of Conversion”), duly executed by a Responsible Officer of the Borrowers and appropriately completed (or shall notify the Administrative Agent by telephone, to be promptly confirmed by the delivery to the Administrative Agent of a signed Notice of Conversion, which may be delivered by facsimile, e-mail or other web-based communication), which specifies, among other things:
Conversion of Revolving Loans. Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that any conversion of a Revolving Loan Borrowing consisting of LIBOR Loans into a Revolving Loan Borrowing consisting of Base Rate Loans shall be made on, and only on, the last day of an Interest Period for such LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Agent in the form of Exhibit B-1, appropriately completed (a "Notice of Revolving Loan Conversion"), which specifies, among other things:
Conversion of Revolving Loans. Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type. Borrower shall request such a conversion by an irrevocable written notice to Agent in the form of Exhibit B, appropriately completed by an Authorized Representative (a “Notice of Revolving Loan Conversion”), which specifies, among other things:
Conversion of Revolving Loans. Subject to Section 2.14, the Borrower may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of Default, and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.14. The Borrower shall request such a conversion by delivering an irrevocable written notice to the Administrative Agent in the form of Exhibit B hereto, duly executed by an Officer of the Borrower and appropriately completed (a “Notice of Revolving Loan Conversion”), specifying, among other things:
Conversion of Revolving Loans. Subject to Section 2.14, the Borrowers may convert any Revolving Loan Borrowing from one Type of Revolving Loan Borrowing to the other Type; provided, however, that no Base Rate Loan may be converted into a LIBOR Loan after the occurrence and during the continuance of an Event of Default and provided, further, that any conversion of a LIBOR Loan on any day other than the last day of the Interest Period therefor shall be subject to the payments required under Section 2.14. The Borrowers shall request such a conversion by an irrevocable written notice (which may be delivered by facsimile) to the Administrative Agent substantially in the form of Exhibit B (a “Notice of Revolving Loan Conversion”), duly executed by a Responsible Officer of the Borrowing Agent and appropriately completed, which specifies, among other things:
Conversion of Revolving Loans. Subject to the amount limitations set forth in SUBPARAGRAPH 2.01(b) above, Borrower may convert all, or any part of, any Revolving Base Rate Loans in a Borrowing into Revolving LIBOR Loans and all, or any part of, any Revolving LIBOR Loans in a Borrowing into Revolving Base Rate Loans; PROVIDED, HOWEVER, that any conversion of Revolving LIBOR Loans into Revolving Base Rate Loans shall be made on, and only on, the last day of an Interest Period for such Revolving LIBOR Loans. Borrower shall request such a conversion by an irrevocable written notice to Agent in the form of EXHIBIT B, appropriately completed (a "NOTICE OF REVOLVING LOAN CONVERSION"), which specifies, among other things:
Conversion of Revolving Loans. Borrower may convert all or any portion of the outstanding Revolving Loans to a loan with a fixed rate of interest pursuant to an interest rate swap agreement or other similar agreement that has terms and conditions acceptable to the Bank. The effective fixed rate offered by the Bank will be based upon market conditions on the date of the closing of any swap. Borrower may, at any time, prepay all or any portion of such a converted loan, without premium or penalty; if Borrower prepays any such loan, Borrower shall pay all fees and expenses associated with unwinding any interest rate swap.
Conversion of Revolving Loans. (1) The Borrower may elect from time to time to convert Revolving Loans outstanding: (i) as Eurocurrency Rate Loans to Prime Rate Loans by giving the Administrative Agent irrevocable written notice written (or telephonic notice confirmed in writing no later than the date such Loan is to be converted) of such election no later than 11:00 a.m. (Pacific time) on the last day of the Interest Period for such Eurocurrency Rate Loan or (ii) as Prime Rate Loans to Eurocurrency Rate Loans denominated in Dollars by giving the Administrative Agent irrevocable notice of such election no later than 11:00 a.m. (Pacific time) on the second Business Day preceding the proposed conversion date
