Common use of Conversion Option Clause in Contracts

Conversion Option. Subject to the provisions of this Agreement, CCCL may, prior to the Maturity Date, effective on any Business Day, convert, in whole or in part, C$ R/C Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone or written notice within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 or 3.3, as applicable, followed by written confirmation on the same day, provided that: (A) no C$ R/C Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriate; (B) each conversion to Bankers' Acceptances shall be for a minimum aggregate amount of C$10,000,000 (and whole multiples of C$100,000 in excess thereof) and each conversion to C$ R/C Loans shall be in a minimum aggregate amount of C$5,000,000; and (C) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or BA Equivalent Loans or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided PROVIDED that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance or a BA Equivalent Loan when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' Acceptances or BA Equivalent Loans shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' Acceptances and BA Equivalent Loans may be converted only on the maturity date of such Bankers' Acceptances and BA Equivalent Loans and, provided PROVIDED that, if less than all Bankers' Acceptances and BA Equivalent Loans are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' AcceptancesAcceptances or BA Equivalent Loans.

Conversion Option. Subject to the provisions of this the Credit Agreement, CCCL the Canadian Subsidiary Borrowers may, prior to the Maturity Revolving Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Canadian Dollar Prime Loans into Bankers' ’ Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Canadian Dollar Loan into which the outstanding C$ Canadian Dollar Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Canadian Dollar Prime Loan may be converted into a Bankers' ’ Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' ’ Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Canadian Dollar Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' ’ Acceptances may be converted only on the maturity date of such Bankers' ’ Acceptances and, provided that, if less than all Bankers' ’ Acceptances are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' ’ Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL ----------------- the Canadian Borrower may, prior to the Maturity Termination Date, effective on any Business Day, convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section subsection 3.2 or 3.3, as applicable, followed by written confirmation on the same day, provided -------- that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000100,000; and (Cc) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all -------- Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' ’ Acceptances or BA Equivalent Loans or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' ’ Acceptance or a BA Equivalent Loan when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' ’ Acceptances or BA Equivalent Loans shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' ’ Acceptances and BA Equivalent Loans may be converted only on the maturity date of such Bankers' ’ Acceptances and BA Equivalent Loans and, provided that, if less than all Bankers' ’ Acceptances and BA Equivalent Loans are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances’ Acceptances or BA Equivalent Loans.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Revolving Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 4.2 or 3.34.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to into Bankers' Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in an amount equal to C$500,000 (or a minimum aggregate amount whole multiple of C$5,000,000100,000 in excess thereof); and (Cc) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances. Notwithstanding the foregoing, if the Canadian Borrower requests a conversion under this subsection 4.4 from Bankers' Acceptances into C$ Prime Loans, the notice period shall be increased from one Business Day (Canada) to two Business Days (Canada).

Conversion Option. Subject to the provisions of this Agreement, CCCL each Canadian Borrower may, prior to the Maturity Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' ’ Acceptances or BA Equivalent Loans or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' ’ Acceptance or a BA Equivalent Loan when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' ’ Acceptances or BA Equivalent Loans shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' ’ Acceptances and BA Equivalent Loans may be converted only on the maturity date of such Bankers' ’ Acceptances and BA Equivalent Loans and, provided that, if less than all Bankers' ’ Acceptances and BA Equivalent Loans are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances’ Acceptances or BA Equivalent Loans.

Conversion Option. Subject to the provisions of this Agreement, CCCL may, prior to the Maturity Termination Date, effective on any Business Day, convert, in whole or in part, C$ R/C Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone or written notice within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 or 3.3, as applicable, followed by written confirmation on the same day, provided that: (A) no C$ R/C Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriate; (B) each conversion to Bankers' Acceptances shall be for a minimum aggregate amount of C$10,000,000 (and whole multiples of C$100,000 in excess thereof) and each conversion to C$ R/C Loans shall be in a minimum aggregate amount of C$5,000,000; and (C) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Scheduled Revolving Credit Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all such Bankers' Acceptances are so converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Revolving Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' ’ Acceptances or vice versa upon giving to the Canadian Administrative Agent Fronting Lender prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing, and in each case with a copy to the Administrative Agent) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent Fronting Lender in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 4.2 or 3.34.3, as applicable, followed by written confirmation on the same day, provided that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' ’ Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' ’ Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000500,000; and (Cc) Bankers' ’ Acceptances may be converted only on the maturity date of such Bankers' ’ Acceptances and, provided that, if less than all Bankers' ’ Acceptances are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' ’ Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL the Canadian Borrower may, prior to the Maturity Commitment Termination Date, effective on any Business DayDay (Canada), convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone written or written telephonic notice (in the case of telephonic notice, to be promptly confirmed in writing) within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Loan into which the outstanding C$ Loan is to be converted in accordance with the provisions of Section 3.2 subsection 2.2 or 3.32.3, as applicable, followed by written confirmation on the same day, provided PROVIDED that: (Aa) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriatecontinuing; (Bb) each conversion to Bankers' Acceptances shall be for a minimum an aggregate amount of C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) ), and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000300,000; and (Cc) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided PROVIDED that, if less than all Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 1,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.

Conversion Option. Subject to the provisions of this Agreement, CCCL Chrysler Canada may, prior to the Maturity Termination Date, effective on any Business Day, convert, in whole or in part, C$ R/C Prime Loans into Bankers' Acceptances or vice versa upon giving to the Canadian Administrative Agent prior irrevocable telephone or written notice within the notice period and in the form which would be required to be given to the Canadian Administrative Agent in respect of the category of C$ Prime Loan into which the outstanding C$ Prime Loan is to be converted in accordance with the provisions of Section subsection 3.2 or 3.3, as applicable, followed by written confirmation on the same day, provided that: (Ai) no C$ R/C Prime Loan may be converted into a Bankers' Acceptance when any Event of Default has occurred and is continuing and the Canadian Administrative Agent has or the Required C$ Banks have determined in its or their sole discretion that such conversion is not appropriate; (Bii) each conversion to Bankers' Acceptances shall be for a minimum aggregate amount of C$10,000,000 (and whole multiples of C$100,000 in excess thereof) and each conversion to C$ R/C Prime Loans shall be in a minimum aggregate amount of C$5,000,000; and (Ciii) Bankers' Acceptances may be converted only on the maturity date of such Bankers' Acceptances and, provided that, if less than all Bankers' Acceptances are converted, then after such conversion not less than C$10,000,000 (and whole multiples of C$100,000 in excess thereof) shall remain as Bankers' Acceptances.