Common use of Conversion Options Clause in Contracts

Conversion Options. (a) The Borrower may elect from time to time to convert any outstanding Advance to an Advance of another Type and such Advance shall thereafter bear interest as a Base Rate Advance or a LIBOR Rate Advance, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance to a Base Rate Advance, the Borrower shall give the Agent at least three Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate Advance; (ii) with respect to any such conversion of a Base Rate Advance to a LIBOR Rate Advance, the Borrower shall give the Agent at least four LIBOR Business Days' prior written notice of such election and the Interest Period requested for such Advance, the principal amount of the Advance so converted shall be in a minimum aggregate amount of $100,000.00 or an integral multiple of $1,000 in excess thereof and, after giving effect to the making of such Advance, there shall be no more than five (5) LIBOR Rate Advances outstanding at any one time; and (iii) no Advance may be converted into a LIBOR Rate Advance when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances of any Type may be converted as provided herein, subject to the foregoing limits. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, such action as is necessary to transfer its Commitment Percentage of such Advance to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance to a LIBOR Rate Advance shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 2,000,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five ten (510) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loans shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan unless the Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate AdvanceLoan, the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 or an integral multiple of $1,000 in excess thereof and, after giving effect to the making of such AdvanceLoan, there shall be no more than five seven (57) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Loan in a principal amount of less than $100,000.00 or a LIBOR Rate Loan in a principal amount of less than $100,000.00. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 500,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five (5) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $500,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $500,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any the outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 500,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five four (54) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $500,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $500,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loans shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan unless the Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate AdvanceLoan, the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 or an integral multiple of $1,000 in excess thereof 100,000 and, after giving effect to the making of such AdvanceLoan, there shall be no more than five four (54) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Loan in a principal amount of less than $100,000 or a LIBOR Rate Loan in a principal amount of less than $100,000. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any the outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 2,000,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five four (54) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower Borrowers may elect from time to time to convert any of their outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower Borrowers shall give the Agent at least three one (1) Business Days' ’ prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower Borrowers shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 250,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five three (53) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a LIBOR Rate Loan in an aggregate principal amount of less than $1,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $250,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the BorrowerBorrowers.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 500,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five three (53) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $500,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $500,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may by notice to the Agent in the form of Exhibit G hereto elect from time to time to convert any of the outstanding Advance Advances to an Advance Advances of another Type and such Advance Advances shall thereafter bear interest as a Base Rate Advance or a LIBOR Rate Advance, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance to a Base Rate Advance, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceAdvance unless Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance to a LIBOR Rate Advance, the Borrower shall give the Agent at least four threetwo (32) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such Advance, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 250,000 in excess thereof and, after giving effect to the making of such Advance, there shall be no more than five ten (510) LIBOR Rate Advances outstanding at any one time; and (iii) no Advance may be converted into a LIBOR Rate Advance when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $100,000 in excess thereof or a LIBOR Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $250,000 in excess thereof. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Advances to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance to a LIBOR Rate Advance shall be irrevocable by Borrower. For purposes of this §4.1(a), the Borrowerwords “executed,” “signed,” “signature,” “deliver,” “delivery,” and words of like import in or relating to a Conversion/Continuation Request to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Agent to accept electronic signatures in any form or format without its prior written consent.

Conversion Options. (a) The Borrower may by notice to the Agent in the form of Exhibit G hereto elect from time to time to convert any of the outstanding Advance Advances to an Advance Advances of another Type and such Advance Advances shall thereafter bear interest as a Base Rate Advance or a LIBOR Rate Advance, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance to a Base Rate Advance, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceAdvance unless Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance to a LIBOR Rate Advance, the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such Advance, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 250,000 in excess thereof and, after giving effect to the making of such Advance, there shall be no more than five ten (510) LIBOR Rate Advances outstanding at any one time; and (iii) no Advance may be converted into a LIBOR Rate Advance when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $100,000 in excess thereof or a LIBOR Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $250,000 in excess thereof. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Advances to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance to a LIBOR Rate Advance shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate AdvanceLoan, the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 2,000,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such AdvanceLoan, there shall be no more than five four (54) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a1) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three (3) Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four (4) LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 2,000,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five ten (510) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $1,000,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $2,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower Borrowers may by notice to the Agent in the form of Exhibit I hereto elect from time to time to convert any of the outstanding Advance Advances to an Advance Advances of another Type and such Advance Advances shall thereafter bear interest as a Base Rate Advance or a LIBOR Rate Advance, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance to a Base Rate Advance, the Borrower Borrowers shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceAdvance unless Borrowers pay Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance to a LIBOR Rate Advance, the Borrower Borrowers shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such Advance, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 250,000 in excess thereof and, after giving effect to the making of such Advance, there shall be no more than five ten (510) LIBOR Rate Advances outstanding at any one time; and (iii) no Advance may be converted into a LIBOR Rate Advance when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $100,000 in excess thereof or a LIBOR Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $250,000 in excess thereof. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Advances to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance to a LIBOR Rate Advance shall be irrevocable by the BorrowerBorrowers.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loans shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan unless the Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate AdvanceLoan, the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 500,000 or an integral multiple of $1,000 100,000 in excess thereof thereof, and, after giving effect to the making of such AdvanceLoan, there shall be no more than five six (56) Revolving Credit LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing; and (iv) unless otherwise specified herein, no conversion from a LIBOR Rate Loan to a Base Rate Loan may be made other than at the end of the applicable Interest Period. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Loan in a principal amount of less than $500,000 or an integral multiple of $100,000 or a LIBOR Rate Loan in a principal amount of less than $500,000 or an integral multiple of $100,000. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Base Rate Advance Loan or a continuation of a LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may elect from time to time to convert any outstanding Advance Loan to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three Business Days' prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate AdvanceLoan, the Borrower shall give the Agent at least four LIBOR Business Days' prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such AdvanceLoan, there shall be no more than five ten (510) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $500,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $1,000,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.

Conversion Options. (a) The Borrower may by notice to the Agent in the form of Exhibit G hereto elect from time to time to convert any of the outstanding Advance Advances to an Advance Advances of another Type and such Advance Advances shall thereafter bear interest as a Base Rate Advance or a LIBOR Rate Advance, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance to a Base Rate Advance, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceAdvance unless Borrower pays Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Advance to a LIBOR Rate Advance, the Borrower shall give the Agent at least four two (2) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such Advance, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 1,000,000 or an integral multiple of $1,000 250,000 in excess thereof and, after giving effect to the making of such Advance, there shall be no more than five ten (510) LIBOR Rate Advances outstanding at any one time; and (iii) no Advance may be converted into a LIBOR Rate Advance when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances of any Type may be converted as provided herein, subject to the foregoing limitsprovided that no partial conversion shall result in a Base Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $100,000 in excess thereof or a LIBOR Rate Advance in a principal amount of less than $1,000,000 or an integral multiple of $250,000 in excess thereof. On the date on which such conversion is being made, each Bank Lender shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Advances to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Conversion/Continuation Request relating to the conversion of a Base Rate Advance to a LIBOR Rate Advance shall be irrevocable by Borrower. For purposes of this §4.1(a), the Borrowerwords “executed,” “signed,” “signature,” “deliver,” “delivery,” and words of like import in or relating to a Conversion/Continuation Request to be signed in connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Agent to accept electronic signatures in any form or format without its prior written consent.

Conversion Options. (a) The Borrower may elect from time to time to convert any of its outstanding Advance Loans to an Advance a Loan of another Type and such Advance Loan shall thereafter bear interest as a Base Rate Advance Loan or a LIBOR Rate AdvanceLoan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Advance Loan to a Base Rate AdvanceLoan, the Borrower shall give the Agent at least three one (1) Business Days' Day’s prior written notice of such election, and such conversion shall only be made on the last day of the Interest Period with respect to such LIBOR Rate AdvanceLoan; (ii) with respect to any such conversion of a Base Rate Advance Loan to a LIBOR Rate Advance, Loan the Borrower shall give the Agent at least four three (3) LIBOR Business Days' ’ prior written notice of such election and the Interest Period requested for such AdvanceLoan, the principal amount of the Advance Loan so converted shall be in a minimum aggregate amount of $100,000.00 500,000 or an integral multiple of $1,000 100,000 in excess thereof and, after giving effect to the making of such Advance, Loan there shall be no more than five two (52) LIBOR Rate Advances Loans outstanding at any one time; and (iii) no Advance Loan may be converted into a LIBOR Rate Advance Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Advances Loans of any Type may be converted as provided herein, subject to provided that no partial conversion shall result in a Base Rate Loan in an aggregate principal amount of less than $500,000 or a LIBOR Rate Loan in an aggregate principal amount of less than $500,000 and that the foregoing limitsaggregate principal amount of each Loan shall be in an integral multiple of $100,000. On the date on which such conversion is being made, each Bank shall take, to the extent it deems it necessary to do so, take such action as is necessary to transfer its Commitment Percentage of such Advance Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion Request relating to the conversion of a Base Rate Advance Loan to a LIBOR Rate Advance Loan shall be irrevocable by the Borrower.