Common use of Conversion Option Clause in Contracts

Conversion Option. Borrower may elect from time to time (i) to convert all or any part of its Eurodollar Loans to Base Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort Worth, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar Loan shall only be made on the last day of the Interest Period with respect thereto, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar Loans by giving Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or the Notes.

Conversion Option. Borrower may elect from time to time (i) to convert all or of any part of its Eurodollar Loans to Base Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthDallas, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar Loan shall only be made on the last day of the Eurodollar Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar Loans by giving the Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, Day on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or on either of the Notes.

Conversion Option. Borrower Borrowers may elect from time to time (i) to convert all or any part of its Eurodollar LIBOR Loans to Base Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthMidland, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar LIBOR Loan shall only be made on the last day of the Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar LIBOR Loans by giving the Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or the Notes.

Conversion Option. Borrower may elect from time to time (i) to convert all or any part of its Eurodollar Loans to Base Prime Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthDallas, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar Loan shall only be made on the last day of the Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Prime Rate Loans to Eurodollar Loans by giving the Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day or a Business Day, as the case may be, on the next succeeding Business Day or Business Day, as the case may be. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or on the Notes.

Conversion Option. Borrower Borrowers may elect from time to time (i) to convert all or any part of its Eurodollar Loans to Base Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthDallas, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar Loan shall only be made on the last day of the Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar Loans by giving the Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or on the Notes.

Conversion Option. Borrower may elect from time to time (i) to convert all or any part of its Eurodollar LIBOR Loans to Base Rate Loans by giving Agent irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthDallas, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar LIBOR Loan shall only be made on the last day of the Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar LIBOR Loans by giving the Agent irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any of the loans for purposes of this Agreement or the Notes.

Conversion Option. Borrower may elect from time to time (i) to convert all or any part of its Eurodollar LIBOR Loans to Base Rate Loans by giving Agent Lender irrevocable notice of such election in writing prior to 10:00 a.m. (Fort WorthHouston, Texas time) on the conversion date and such conversion shall be made on the requested conversion date, provided that any such conversion of a Eurodollar LIBOR Loan shall only be made on the last day of the LIBOR Interest Period with respect theretothereof, and (ii) to convert all or any part of its Base Rate Loans to Eurodollar LIBOR Loans by giving Agent Lender irrevocable written notice of such election no later than three (3) Business Days prior to the proposed conversion and such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Business Day, Day on the next succeeding Business Day. Any such conversion shall not be deemed to be a prepayment of any Note or a prepayment of any of the loans Loans for purposes of this Agreement or the NotesAgreement.