{"component": "clause", "props": {"groups": [{"snippet": "(a) The Borrower may elect from time to time to convert Alternate Base Rate Loans to LIBOR Rate Loans or to continue LIBOR Rate Loans, by delivering a Notice of Conversion/Extension to the Administrative Agent at least three (3) Business Days prior to the proposed date of conversion or continuation. In addition, the Borrower may elect from time to time to convert all or any portion of a LIBOR Rate Loan to an Alternate Base Rate Loan by giving the Administrative Agent irrevocable written notice thereof by 11:00 A.M. one (1) Business Day prior to the proposed date of conversion. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. LIBOR Rate Loans may only be converted to Alternate Base Rate Loans on the last day of the applicable Interest Period. If the date upon which a LIBOR Rate Loan is to be converted to an Alternate Base Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. All or any part of outstanding Alternate Base Rate Loans may be converted as provided herein; provided that (i) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) partial conversions shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof. All or any part of outstanding LIBOR Rate Loans may be converted as provided herein; provided that partial conversions shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof.\n(b) Any LIBOR Rate Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.9(a); provided, that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, in which case such Loan shall be automatically converted to an Alternate Base Rate Loan at the end of the applicable Interest Period with respect thereto. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [27, 44]}, {"key": "to-convert", "type": "clause", "offset": [45, 55]}, {"key": "loans-to", "type": "clause", "offset": [76, 84]}, {"key": "notice-of-conversion", "type": "clause", "offset": [151, 171]}, {"key": "the-administrative-agent", "type": "definition", "offset": [185, 209]}, {"key": "conversion-or-continuation", "type": "clause", "offset": [273, 299]}, {"key": "in-addition", "type": "clause", "offset": [301, 312]}, {"key": "notice-thereof", "type": "clause", "offset": [492, 506]}, {"key": "not-a-business-day", "type": "clause", "offset": [678, 696]}, {"key": "period-from", "type": "definition", "offset": [784, 795]}, {"key": "day-of", "type": "clause", "offset": [806, 812]}, {"key": "an-interest-period", "type": "clause", "offset": [813, 831]}, {"key": "loan-shall", "type": "definition", "offset": [869, 879]}, {"key": "applicable-interest-period", "type": "definition", "offset": [1028, 1054]}, {"key": "provided-that", "type": "definition", "offset": [1503, 1516]}, {"key": "no-loan", "type": "clause", "offset": [1521, 1528]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [1578, 1605]}, {"key": "partial-conversions", "type": "clause", "offset": [1646, 1665]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [1681, 1707]}, {"key": "expiration-of", "type": "clause", "offset": [2062, 2075]}, {"key": "compliance-by-the-borrower", "type": "clause", "offset": [2119, 2145]}, {"key": "notice-provisions", "type": "clause", "offset": [2155, 2172]}, {"key": "contained-in", "type": "definition", "offset": [2173, 2185]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [2418, 2435]}, {"key": "the-borrower-shall", "type": "clause", "offset": [2488, 2506]}, {"key": "election-to-continue", "type": "clause", "offset": [2540, 2560]}, {"key": "continuation-of-libor-rate-loans", "type": "clause", "offset": [2587, 2619]}, {"key": "not-permitted", "type": "clause", "offset": [2623, 2636]}, {"key": "loans-shall", "type": "definition", "offset": [2664, 2675]}], "size": 228, "samples": [{"hash": "hIX0pP6KkXn", "uri": "/contracts/hIX0pP6KkXn#conversion-options", "label": "Credit Agreement (Mednax, Inc.)", "score": 31.3463382721, "published": true}, {"hash": "3Z5kuMxUHiF", "uri": "/contracts/3Z5kuMxUHiF#conversion-options", "label": "Credit Agreement (Mednax, Inc.)", "score": 30.3305950165, "published": true}, {"hash": "h1mEiG4hYZP", "uri": "/contracts/h1mEiG4hYZP#conversion-options", "label": "Credit Agreement (Mednax, Inc.)", "score": 30.1197814941, "published": true}], "hash": "f045019f896ae646bcce5d0ff55ad745", "id": 1}, {"snippet": "(a) The Borrower may elect from time to time to convert any of its outstanding Loans to a Loan of another Type and such Loans shall thereafter bear interest as a Base Rate Loan or a LIBOR Rate Loan, as applicable; provided that (i) with respect to any such conversion of a LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Agent at least one (1) Business Day\u2019s 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 Loan unless the Borrower pay Breakage Costs as required under this Agreement; (ii) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Agent at least three (3) LIBOR Business Days\u2019 prior written notice of such election and the Interest Period requested for such Loan, the principal amount of the Loan so converted shall be in a minimum aggregate amount of $1,000,000 and minimum increments of $250,000 in excess thereof, after giving effect to the making of such Loan, there shall be no more than six (6) LIBOR Rate Loans outstanding at any one time; and (iii) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. All or any part of the outstanding Loans of any Type may be converted as provided herein, provided 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 $1,000,000. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. Each Conversion/Continuation Request relating to the conversion of a Base Rate Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower.\n(b) Any LIBOR Rate Loan may be continued as such Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the terms of \u00a74.1; provided that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the Interest Period relating thereto ending during the continuance of any Default or Event of Default.\n(c) In the event that the Borrower does not notify the Agent of their election hereunder with respect to any LIBOR Rate Loan, such Loan shall be automatically continued at the end of the applicable Interest Period as a LIBOR Rate Loan for an Interest Period of one month unless such Interest Period shall be greater than the time remaining until the Maturity Date, in which case such Loan shall be automatically converted to a Base Rate Loan at the end of the applicable Interest Period.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [27, 44]}, {"key": "to-convert", "type": "clause", "offset": [45, 55]}, {"key": "loans-to", "type": "clause", "offset": [79, 87]}, {"key": "a-loan", "type": "definition", "offset": [88, 94]}, {"key": "loans-shall", "type": "definition", "offset": [120, 131]}, {"key": "base-rate-loan", "type": "definition", "offset": [162, 176]}, {"key": "provided-that", "type": "definition", "offset": [214, 227]}, {"key": "with-respect-to", "type": "clause", "offset": [232, 247]}, {"key": "conversion-of", "type": "clause", "offset": [257, 270]}, {"key": "the-borrower-shall", "type": "clause", "offset": [310, 328]}, {"key": "the-agent", "type": "clause", "offset": [334, 343]}, {"key": "notice-of", "type": "clause", "offset": [390, 399]}, {"key": "day-of", "type": "clause", "offset": [466, 472]}, {"key": "the-interest", "type": "clause", "offset": [473, 485]}, {"key": "breakage-costs", "type": "clause", "offset": [554, 568]}, {"key": "as-required", "type": "clause", "offset": [569, 580]}, {"key": "this-agreement", "type": "clause", "offset": [587, 601]}, {"key": "business-days", "type": "clause", "offset": [745, 758]}, {"key": "principal-amount-of-the-loan", "type": "clause", "offset": [851, 879]}, {"key": "minimum-aggregate-amount", "type": "definition", "offset": [907, 931]}, {"key": "minimum-increments", "type": "clause", "offset": [950, 968]}, {"key": "after-giving", "type": "clause", "offset": [1000, 1012]}, {"key": "loans-outstanding", "type": "definition", "offset": [1095, 1112]}, {"key": "no-loan", "type": "clause", "offset": [1140, 1147]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [1197, 1224]}, {"key": "no-partial-conversion", "type": "clause", "offset": [1361, 1382]}, {"key": "each-lender", "type": "clause", "offset": [1580, 1591]}, {"key": "to-transfer", "type": "clause", "offset": [1631, 1642]}, {"key": "commitment-percentage", "type": "definition", "offset": [1647, 1668]}, {"key": "domestic-lending-office", "type": "definition", "offset": [1690, 1713]}, {"key": "libor-lending-office", "type": "definition", "offset": [1721, 1741]}, {"key": "the-case", "type": "definition", "offset": [1746, 1754]}, {"key": "continuation-request", "type": "definition", "offset": [1779, 1799]}, {"key": "relating-to", "type": "definition", "offset": [1800, 1811]}, {"key": "the-conversion", "type": "clause", "offset": [1812, 1826]}, {"key": "loan-shall", "type": "definition", "offset": [1863, 1873]}, {"key": "expiration-of", "type": "clause", "offset": [1969, 1982]}, {"key": "an-interest-period", "type": "clause", "offset": [1983, 2001]}, {"key": "compliance-by-the-borrower", "type": "clause", "offset": [2026, 2052]}, {"key": "terms-of", "type": "definition", "offset": [2062, 2070]}, {"key": "in-the-event", "type": "clause", "offset": [2387, 2399]}, {"key": "notify-the", "type": "clause", "offset": [2427, 2437]}, {"key": "applicable-interest-period", "type": "definition", "offset": [2570, 2596]}, {"key": "period-of", "type": "clause", "offset": [2634, 2643]}, {"key": "one-month", "type": "clause", "offset": [2644, 2653]}, {"key": "interest-period-shall", "type": "definition", "offset": [2666, 2687]}, {"key": "maturity-date", "type": "clause", "offset": [2733, 2746]}], "size": 166, "samples": [{"hash": "ldGcqbb0Rtb", "uri": "/contracts/ldGcqbb0Rtb#conversion-options", "label": "Credit Agreement (Plymouth Industrial REIT Inc.)", "score": 31.0725536346, "published": true}, {"hash": "1aafZ1EGpZt", "uri": "/contracts/1aafZ1EGpZt#conversion-options", "label": "Credit Agreement (Plymouth Industrial REIT Inc.)", "score": 29.9582481384, "published": true}, {"hash": "5SlgmJQlol1", "uri": "/contracts/5SlgmJQlol1#conversion-options", "label": "Credit Agreement (Plymouth Industrial REIT Inc.)", "score": 29.4079399109, "published": true}], "hash": "234d40c1253dc6f60bede4d5284a5f88", "id": 2}, {"snippet": "(a) The Borrower may elect from time to time to convert any outstanding Loan to a Loan of another Type, provided that (i) with respect to any such conversion of a LIBOR Loan to a Prime Rate Loan, the Borrower shall give the Agent at least three (3) Business Days, prior written notice of such election; (ii) with respect to any such conversion of a LIBOR Loan into a Prime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto; (iii) subject to the further proviso at the end of this section and subject to \u00a72.4(b) and \u00a72.4(d) hereof with respect to any such conversion of a Prime Rate Loan to a LIBOR Loan, the Borrower shall give the Agent at least three (3) LIBOR Business Days, prior written notice of such election and (iv) no Loan may be converted into a LIBOR Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made, each Lender shall take such action as is necessary to transfer its Facility Percentage of such Loans to its Domestic Lending Office or its LIBOR Lending Office, as the case may be. All or any part of outstanding Loans of any Type may be converted as provided herein, provided further that each Conversion Request relating to the conversion of a Prime Rate Loan to a LIBOR Loan shall be for an amount equal to $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall be irrevocable by the Borrower.\n(b) Any Loans of any Type may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in \u00a72.4(a); provided that no LIBOR Loan may be continued as such when any Default or Event of Default has occurred and is continuing but shall be automatically converted to a Prime Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which the officers of the Agent active upon the Borrower\u2019s account have actual knowledge.\n(c) In the event that the Borrower does not notify the Agent of its election hereunder with respect to any Loan, such Loan shall be automatically converted to a Prime Rate Loan at the end of the applicable Interest Period.\n(d) The Borrower may not elect to convert a Prime Rate Loan to a LIBOR Loan pursuant to \u00a72.4(a) or elect to continue a LIBOR Loan pursuant to \u00a72.4(b) if, after giving effect thereto, there would be greater than five (5) LIBOR Loans outstanding. Any Loan Request for a LIBOR Loan that would create greater than five (5) LIBOR Loans outstanding shall be deemed to be a Conversion Request for a Prime Rate Loan.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [27, 44]}, {"key": "to-convert", "type": "clause", "offset": [45, 55]}, {"key": "a-loan", "type": "definition", "offset": [80, 86]}, {"key": "provided-that", "type": "definition", "offset": [104, 117]}, {"key": "with-respect-to", "type": "clause", "offset": [122, 137]}, {"key": "conversion-of", "type": "clause", "offset": [147, 160]}, {"key": "prime-rate-loan", "type": "clause", "offset": [179, 194]}, {"key": "the-borrower-shall", "type": "clause", "offset": [196, 214]}, {"key": "the-agent", "type": "clause", "offset": [220, 229]}, {"key": "business-days", "type": "clause", "offset": [249, 262]}, {"key": "notice-of", "type": "clause", "offset": [278, 287]}, {"key": "day-of", "type": "clause", "offset": [431, 437]}, {"key": "the-interest", "type": "clause", "offset": [438, 450]}, {"key": "subject-to-the", "type": "definition", "offset": [486, 500]}, {"key": "no-loan", "type": "clause", "offset": [781, 788]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [833, 860]}, {"key": "each-lender", "type": "clause", "offset": [945, 956]}, {"key": "to-transfer", "type": "clause", "offset": [996, 1007]}, {"key": "facility-percentage", "type": "definition", "offset": [1012, 1031]}, {"key": "loans-to", "type": "clause", "offset": [1040, 1048]}, {"key": "domestic-lending-office", "type": "definition", "offset": [1053, 1076]}, {"key": "libor-lending-office", "type": "definition", "offset": [1084, 1104]}, {"key": "the-case", "type": "definition", "offset": [1109, 1117]}, {"key": "outstanding-loans", "type": "definition", "offset": [1145, 1162]}, {"key": "conversion-request", "type": "definition", "offset": [1239, 1257]}, {"key": "relating-to", "type": "definition", "offset": [1258, 1269]}, {"key": "the-conversion", "type": "clause", "offset": [1270, 1284]}, {"key": "loan-shall", "type": "definition", "offset": [1317, 1327]}, {"key": "equal-to", "type": "definition", "offset": [1345, 1353]}, {"key": "integral-multiple", "type": "definition", "offset": [1371, 1388]}, {"key": "expiration-of", "type": "clause", "offset": [1523, 1536]}, {"key": "an-interest-period", "type": "clause", "offset": [1537, 1555]}, {"key": "compliance-by-the-borrower", "type": "clause", "offset": [1580, 1606]}, {"key": "notice-provisions", "type": "clause", "offset": [1616, 1633]}, {"key": "contained-in", "type": "definition", "offset": [1634, 1646]}, {"key": "first-interest-period", "type": "definition", "offset": [1858, 1879]}, {"key": "officers-of-the", "type": "clause", "offset": [1975, 1990]}, {"key": "actual-knowledge", "type": "clause", "offset": [2037, 2053]}, {"key": "in-the-event", "type": "clause", "offset": [2059, 2071]}, {"key": "notify-the", "type": "clause", "offset": [2099, 2109]}, {"key": "any-loan", "type": "clause", "offset": [2158, 2166]}, {"key": "applicable-interest-period", "type": "definition", "offset": [2250, 2276]}, {"key": "pursuant-to", "type": "definition", "offset": [2354, 2365]}, {"key": "after-giving", "type": "clause", "offset": [2432, 2444]}, {"key": "libor-loans-outstanding", "type": "clause", "offset": [2498, 2521]}, {"key": "request-for", "type": "definition", "offset": [2532, 2543]}], "size": 89, "samples": [{"hash": "i4fLtoNMm7K", "uri": "/contracts/i4fLtoNMm7K#conversion-options", "label": "Unsecured Revolving Credit Agreement (Amerivest Properties Inc)", "score": 21.0, "published": true}, {"hash": "fG0WBJNVtpc", "uri": "/contracts/fG0WBJNVtpc#conversion-options", "label": "Revolving Credit Agreement (Amerivest Properties Inc)", "score": 19.0, "published": true}, {"hash": "bkXeQumI1aN", "uri": "/contracts/bkXeQumI1aN#conversion-options", "label": "Unsecured Revolving Credit Agreement (Amerivest Properties Inc)", "score": 19.0, "published": true}], "hash": "37f5e33f4e63c7ef509da688b0311250", "id": 3}, {"snippet": "The Borrower may elect to convert all or any part of any LIBOR Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving advance notice to the Administrative Agent (which shall promptly notify the Lenders) of such election. Subject to the provisions made in this Section 2.02(e), the Borrower may elect to convert all or any part of any Base Rate Loan at any time and from time to time to a LIBOR Loan by giving advance notice as provided in Section 2.02", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "to-convert", "type": "clause", "offset": [23, 33]}, {"key": "libor-loan", "type": "clause", "offset": [57, 67]}, {"key": "day-of", "type": "clause", "offset": [80, 86]}, {"key": "current-interest-period", "type": "definition", "offset": [96, 119]}, {"key": "base-rate-loan", "type": "definition", "offset": [142, 156]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [175, 209]}, {"key": "the-lenders", "type": "clause", "offset": [239, 250]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [270, 295]}, {"key": "at-any-time", "type": "clause", "offset": [398, 409]}, {"key": "from-time-to-time", "type": "clause", "offset": [414, 431]}], "size": 45, "samples": [{"hash": "kyoOhuZ70l8", "uri": "/contracts/kyoOhuZ70l8#conversion-options", "label": "Revolving Credit Agreement (Atlas America Inc)", "score": 21.0, "published": true}, {"hash": "kYCjvWSktYp", "uri": "/contracts/kYCjvWSktYp#conversion-options", "label": "Credit Agreement (Georesources Inc)", "score": 21.0, "published": true}, {"hash": "hWflzpdHUEo", "uri": "/contracts/hWflzpdHUEo#conversion-options", "label": "Revolving Credit Agreement (Atlas Energy Resources, LLC)", "score": 21.0, "published": true}], "hash": "75969f10eefd28f5682ab130709d2238", "id": 4}, {"snippet": "The Borrower may elect to convert all or any part of any Eurodollar Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving advance notice to the Agent (which shall promptly notify the Lenders) of such election. Subject to the provisions made in this Section 2.02(e), the Borrower may elect to convert all or any part of any Base Rate Loan at any time and from time to time to a Eurodollar Loan by giving advance notice as provided in Section 2.02", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "to-convert", "type": "clause", "offset": [23, 33]}, {"key": "eurodollar-loan", "type": "definition", "offset": [57, 72]}, {"key": "day-of", "type": "clause", "offset": [85, 91]}, {"key": "current-interest-period", "type": "definition", "offset": [101, 124]}, {"key": "base-rate-loan", "type": "definition", "offset": [147, 161]}, {"key": "notice-to-the-agent", "type": "clause", "offset": [180, 199]}, {"key": "the-lenders", "type": "clause", "offset": [229, 240]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [260, 285]}, {"key": "at-any-time", "type": "clause", "offset": [388, 399]}, {"key": "from-time-to-time", "type": "clause", "offset": [404, 421]}], "size": 34, "samples": [{"hash": "lqdHj0SFvR1", "uri": "/contracts/lqdHj0SFvR1#conversion-options", "label": "Credit Agreement (Miller Exploration Co)", "score": 18.0, "published": true}, {"hash": "kAYfqyjpEGX", "uri": "/contracts/kAYfqyjpEGX#conversion-options", "label": "Credit Agreement (Howell Corp /De/)", "score": 18.0, "published": true}, {"hash": "h6NzsPzMkxE", "uri": "/contracts/h6NzsPzMkxE#conversion-options", "label": "Credit Agreement (McMoran Exploration Co /De/)", "score": 18.0, "published": true}], "hash": "59147d6bb2eedbe4f0679d178a101bab", "id": 5}, {"snippet": "(a) The Company may elect from time to time to convert Alternate Base Rate Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable written notice of such election received by the Administrative Agent prior to 12:00 Noon, New York City time, three Business Days prior to the proposed conversion date. The Company may elect from time to time to convert Eurodollar Loans to Alternate Base Rate Loans by giving the Administrative Agent prior irrevocable notice of such election received by the Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the proposed conversion date. If the date upon which an Alternative Base Rate Loan is to be converted to a Eurodollar Loan is not a Business Day in London, then such conversion shall be made on the next succeeding Business Day in London and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. All or any part of outstanding Eurodollar Loans and Alternate Base Rate Loans may be converted as provided herein, provided that (i) no Loan may be converted into a Eurodollar Loan when any Default or Event of Default has occurred and is continuing and the Administrative Agent or the Majority Lenders have determined that such conversion is not appropriate and (ii) partial conversions shall be in an aggregate principal amount of $50,000,000 or a whole multiple of $5,000,000 in excess thereof.\n(b) Any Eurodollar Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Company with the notice provisions contained in subsection 2.9(a); provided, that no Eurodollar Loan may be continued as such when any Default or Event of Default has occurred and is continuing, and the Administrative Agent or the Majority Lenders have determined that such a continuation is not appropriate, in which case such Loan shall be automatically converted to an Alternate Base Rate Loan on the last day of the then current Interest Period with respect thereto.", "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [26, 43]}, {"key": "to-convert", "type": "clause", "offset": [44, 54]}, {"key": "loans-to", "type": "clause", "offset": [75, 83]}, {"key": "eurodollar-loans", "type": "definition", "offset": [84, 100]}, {"key": "the-administrative-agent", "type": "definition", "offset": [111, 135]}, {"key": "notice-of", "type": "clause", "offset": [162, 171]}, {"key": "received-by", "type": "definition", "offset": [186, 197]}, {"key": "new-york-city-time", "type": "definition", "offset": [244, 262]}, {"key": "proposed-conversion-date", "type": "definition", "offset": [297, 321]}, {"key": "irrevocable-notice", "type": "definition", "offset": [461, 479]}, {"key": "alternative-base-rate-loan", "type": "definition", "offset": [657, 683]}, {"key": "not-a-business-day", "type": "clause", "offset": [727, 745]}, {"key": "period-from", "type": "definition", "offset": [853, 864]}, {"key": "day-of", "type": "clause", "offset": [875, 881]}, {"key": "an-interest-period", "type": "clause", "offset": [882, 900]}, {"key": "loan-shall", "type": "definition", "offset": [938, 948]}, {"key": "provided-that", "type": "definition", "offset": [1121, 1134]}, {"key": "no-loan", "type": "clause", "offset": [1139, 1146]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [1196, 1223]}, {"key": "the-majority-lenders", "type": "clause", "offset": [1287, 1307]}, {"key": "partial-conversions", "type": "clause", "offset": [1373, 1392]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [1408, 1434]}, {"key": "expiration-of", "type": "clause", "offset": [1562, 1575]}, {"key": "compliance-by-the-company", "type": "clause", "offset": [1619, 1644]}, {"key": "notice-provisions", "type": "clause", "offset": [1654, 1671]}, {"key": "contained-in", "type": "definition", "offset": [1672, 1684]}, {"key": "current-interest-period", "type": "definition", "offset": [2062, 2085]}], "size": 29, "samples": [{"hash": "2u72Zn66CfO", "uri": "/contracts/2u72Zn66CfO#conversion-options", "label": "Credit Agreement (Wyeth)", "score": 21.0, "published": true}, {"hash": "khZxqiGoQFc", "uri": "/contracts/khZxqiGoQFc#conversion-options", "label": "Credit Agreement (Wyeth)", "score": 18.0, "published": true}, {"hash": "kM9Wd4BY6Mm", "uri": "/contracts/kM9Wd4BY6Mm#conversion-options", "label": "Credit Agreement (American Home Products Corp)", "score": 18.0, "published": true}], "hash": "323c38a43524c25066cfdf4140d234b2", "id": 6}, {"snippet": "(a) The Borrower may, in the case of Revolving Loans, elect from time to time to convert Alternate Base Rate Loans to LIBOR Rate Loans by giving the Administrative Agent at least three Business Days\u2019 prior irrevocable written notice of such election. A form of Notice of Conversion/Extension is attached as Schedule 2.9. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. All or any part of outstanding Alternate Base Rate Loans may be converted as provided herein; provided that (i) no Loan may be converted into a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) partial conversions shall be in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof.\n(b) Any LIBOR Rate Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.9(a); provided, that no LIBOR Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto.", "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [22, 33]}, {"key": "revolving-loans", "type": "definition", "offset": [37, 52]}, {"key": "from-time-to-time", "type": "clause", "offset": [60, 77]}, {"key": "to-convert", "type": "clause", "offset": [78, 88]}, {"key": "loans-to", "type": "clause", "offset": [109, 117]}, {"key": "the-administrative-agent", "type": "definition", "offset": [145, 169]}, {"key": "business-days", "type": "clause", "offset": [185, 198]}, {"key": "written-notice", "type": "clause", "offset": [218, 232]}, {"key": "form-of-notice-of-conversion", "type": "clause", "offset": [253, 281]}, {"key": "not-a-business-day", "type": "clause", "offset": [415, 433]}, {"key": "period-from", "type": "definition", "offset": [521, 532]}, {"key": "day-of", "type": "clause", "offset": [543, 549]}, {"key": "an-interest-period", "type": "clause", "offset": [550, 568]}, {"key": "loan-shall", "type": "definition", "offset": [606, 616]}, {"key": "provided-that", "type": "definition", "offset": [768, 781]}, {"key": "no-loan", "type": "clause", "offset": [786, 793]}, {"key": "default-or-event-of-default", "type": "definition", "offset": [843, 870]}, {"key": "partial-conversions", "type": "clause", "offset": [911, 930]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [946, 972]}, {"key": "expiration-of", "type": "clause", "offset": [1099, 1112]}, {"key": "compliance-by-the-borrower", "type": "clause", "offset": [1156, 1182]}, {"key": "notice-provisions", "type": "clause", "offset": [1192, 1209]}, {"key": "contained-in", "type": "definition", "offset": [1210, 1222]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1370, 1388]}, {"key": "election-to-continue", "type": "clause", "offset": [1422, 1442]}, {"key": "continuation-of-libor-rate-loans", "type": "clause", "offset": [1469, 1501]}, {"key": "not-permitted", "type": "clause", "offset": [1505, 1518]}, {"key": "loans-shall", "type": "definition", "offset": [1546, 1557]}, {"key": "applicable-interest-period", "type": "definition", "offset": [1632, 1658]}], "size": 28, "samples": [{"hash": "dxOBXEcyi6J", "uri": "/contracts/dxOBXEcyi6J#conversion-options", "label": "Credit Agreement (International Speedway Corp)", "score": 21.0, "published": true}, {"hash": "3GfrA1rH7nM", "uri": "/contracts/3GfrA1rH7nM#conversion-options", "label": "Credit Agreement (International Speedway Corp)", "score": 21.0, "published": true}], "hash": "feeb2eadeda357706a27a0e0b0bfc113", "id": 7}, {"snippet": "The Borrower may elect from time to time to convert Eurodollar Loans into ABR Loans by giving the Administrative Agent irrevocable notice of such election, to be received by the Administrative Agent prior to 12:00 Noon, New York City time, at least three Working Days prior to the proposed conversion date, provided that any such conversion of Eurodollar Loans shall only be made on the last day of an Interest Period with respect thereto. The Borrower may elect from time to time to convert all or a portion of the ABR Loans then outstanding to Eurodollar Loans by giving the Administrative Agent irrevocable notice of such election, to be received by the Administrative Agent prior to 12:00 Noon, New York City time, at least three Working Days prior to the proposed conversion date, specifying the Interest Period selected therefor, and, if no Event of Default has occurred and is continuing, such conversion shall be made on the requested conversion date or, if such requested conversion date is not a Working Day, on the next succeeding Working Day. Upon receipt of any notice pursuant to this subsection 4.3, the Administrative Agent shall promptly, but in any event by 4:00 P.M., New York City time, notify each Lender thereof. All or any part of the outstanding Loans (other than Swing Line Loans) may be converted as provided herein, provided that partial conversions of Loans shall be in the aggregate principal amount of $1,000,000, or a whole multiple of $1,000,000 in excess thereof, and the aggregate principal amount of the resulting Eurodollar Loans outstanding in respect of any one Interest Period shall be at least $1,000,000 or a whole multiple of $1,000,000 in excess thereof.", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "from-time-to-time", "type": "clause", "offset": [23, 40]}, {"key": "to-convert", "type": "clause", "offset": [41, 51]}, {"key": "eurodollar-loans", "type": "definition", "offset": [52, 68]}, {"key": "abr-loans", "type": "definition", "offset": [74, 83]}, {"key": "the-administrative-agent", "type": "definition", "offset": [94, 118]}, {"key": "notice-of", "type": "clause", "offset": [131, 140]}, {"key": "received-by", "type": "definition", "offset": [162, 173]}, {"key": "new-york-city-time", "type": "definition", "offset": [220, 238]}, {"key": "proposed-conversion-date", "type": "definition", "offset": [281, 305]}, {"key": "provided-that", "type": "definition", "offset": [307, 320]}, {"key": "conversion-of", "type": "clause", "offset": [330, 343]}, {"key": "loans-shall", "type": "definition", "offset": [355, 366]}, {"key": "day-of", "type": "clause", "offset": [392, 398]}, {"key": "an-interest-period", "type": "clause", "offset": [399, 417]}, {"key": "a-portion", "type": "definition", "offset": [499, 508]}, {"key": "the-interest", "type": "clause", "offset": [797, 809]}, {"key": "no-event-of-default", "type": "clause", "offset": [844, 863]}, {"key": "upon-receipt-of", "type": "clause", "offset": [1055, 1070]}, {"key": "any-notice", "type": "definition", "offset": [1071, 1081]}, {"key": "pursuant-to", "type": "definition", "offset": [1082, 1093]}, {"key": "this-subsection", "type": "definition", "offset": [1094, 1109]}, {"key": "agent-shall", "type": "definition", "offset": [1134, 1145]}, {"key": "each-lender", "type": "clause", "offset": [1214, 1225]}, {"key": "outstanding-loans", "type": "definition", "offset": [1258, 1275]}, {"key": "swing-line-loans", "type": "definition", "offset": [1288, 1304]}, {"key": "conversions-of-loans", "type": "clause", "offset": [1365, 1385]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [1402, 1428]}, {"key": "loans-outstanding", "type": "definition", "offset": [1560, 1577]}, {"key": "in-respect-of", "type": "definition", "offset": [1578, 1591]}, {"key": "interest-period-shall", "type": "definition", "offset": [1600, 1621]}], "size": 24, "samples": [{"hash": "3jmFMQSsULc", "uri": "/contracts/3jmFMQSsULc#conversion-options", "label": "Credit Agreement", "score": 29.0423851013, "published": true}, {"hash": "3vqD8ULxWZ6", "uri": "/contracts/3vqD8ULxWZ6#conversion-options", "label": "Credit Agreement (Cumulus Media Inc)", "score": 24.975358963, "published": true}, {"hash": "jSqSb25AQny", "uri": "/contracts/jSqSb25AQny#conversion-options", "label": "First Lien Credit Agreement (Cumulus Media Inc)", "score": 23.986995697, "published": true}], "hash": "85f2a08a698a29f4007a200636c0245e", "id": 8}, {"snippet": "(a) Subject to the provisions hereof, the Customers may elect from time to time to convert an outstanding Floating Rate Gold Loan to a Fixed Rate Gold Loan and to convert an outstanding Fixed Rate Gold Loan to a Floating Rate Gold Loan, provided that (i) with respect to any such conversion of a Fixed Rate Gold Loan into a Floating Rate Gold Loan, such conversion shall only be made on the last day of the Fixed Rate Period with respect thereto; (ii) with respect to any such conversion of a Floating Rate Gold Loan to a Fixed Rate Gold Loan, the Customers shall give the Metal Lender at least three (3) London Banking Days\u2019 prior written notice of the day on which such election is effective; and (iii) no Gold Loan may be converted into a Fixed Rate Gold Loan when a Default has occurred and is continuing hereunder. The Customers shall give to the Metal Lender notice sent by facsimile transmission in the form of Exhibit D attached hereto of their decision to convert an outstanding Gold Loan. All or any part of outstanding Gold Loans under the Gold Loan Facility may be converted as provided herein. Subject to agreement with respect to any Fixed Rate Gold Loan (if applicable), each such request shall be irrevocable by the Customers.\n(b) Subject to the provisions hereof, Fixed Rate Gold Loans may be continued as such upon the expiration of a Fixed Rate Period with respect thereto by giving to the Metal Lender notice by facsimile transmission in the form of Exhibit D attached hereto of the Customers\u2019 decision to continue an outstanding Gold Loan as such at least three (3) London Banking Days\u2019 prior to the day on which such election is effective; provided that no Fixed Rate Gold Loan may be continued as such while a Default has occurred and is continuing, but shall be automatically converted to a Floating Rate Gold Loan on the last day of the first Fixed Rate Period relating thereto ending during the continuance of such Default. In the event that the Customer does not notify the Metal Lender of its election hereunder with respect to any Gold Loan, such Gold Loan shall be automatically converted to a Floating Rate Gold Loan at the end of the applicable Fixed Rate Period.", "snippet_links": [{"key": "subject-to-the-provisions", "type": "clause", "offset": [4, 29]}, {"key": "the-customers", "type": "clause", "offset": [38, 51]}, {"key": "from-time-to-time", "type": "clause", "offset": [62, 79]}, {"key": "to-convert", "type": "clause", "offset": [80, 90]}, {"key": "floating-rate", "type": "definition", "offset": [106, 119]}, {"key": "a-fixed", "type": "clause", "offset": [133, 140]}, {"key": "provided-that", "type": "definition", "offset": [237, 250]}, {"key": "with-respect-to", "type": "clause", "offset": [255, 270]}, {"key": "conversion-of", "type": "clause", "offset": [280, 293]}, {"key": "day-of", "type": "clause", "offset": [396, 402]}, {"key": "the-fixed", "type": "clause", "offset": [403, 412]}, {"key": "metal-lender", "type": "definition", "offset": [573, 585]}, {"key": "london-banking-days", "type": "definition", "offset": [605, 624]}, {"key": "the-day", "type": "definition", "offset": [650, 657]}, {"key": "a-default", "type": "definition", "offset": [768, 777]}, {"key": "lender-notice", "type": "definition", "offset": [858, 871]}, {"key": "form-of", "type": "clause", "offset": [910, 917]}, {"key": "exhibit-d", "type": "clause", "offset": [918, 927]}, {"key": "gold-loan-facility", "type": "definition", "offset": [1051, 1069]}, {"key": "subject-to-agreement", "type": "clause", "offset": [1107, 1127]}, {"key": "if-applicable", "type": "clause", "offset": [1170, 1183]}, {"key": "expiration-of", "type": "clause", "offset": [1337, 1350]}, {"key": "notice-by-facsimile-transmission", "type": "clause", "offset": [1422, 1454]}, {"key": "prior-to-the", "type": "clause", "offset": [1608, 1620]}, {"key": "first-fixed-rate-period", "type": "definition", "offset": [1862, 1885]}, {"key": "in-the-event", "type": "clause", "offset": [1950, 1962]}, {"key": "notify-the", "type": "clause", "offset": [1990, 2000]}, {"key": "loan-shall", "type": "definition", "offset": [2081, 2091]}, {"key": "applicable-fixed-rate", "type": "definition", "offset": [2166, 2187]}], "size": 19, "samples": [{"hash": "h2JtvBQF1Hp", "uri": "/contracts/h2JtvBQF1Hp#conversion-options", "label": "Precious Metals Agreement (Brush Engineered Materials Inc)", "score": 21.0, "published": true}, {"hash": "6uB01AMMfnw", "uri": "/contracts/6uB01AMMfnw#conversion-options", "label": "Precious Metals Agreement (Brush Engineered Materials Inc)", "score": 21.0, "published": true}], "hash": "0bd5aa200f8da191f135f430c572dae7", "id": 9}, {"snippet": "The Borrower may elect to convert all or any part of any LIBOR Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving advance notice to the Administrative Agent (which shall promptly notify the Lenders) of such election. Subject to the provisions made in this Section 2.02(e), the Borrower may elect to convert all or any part of any Base Rate Loan at any time and from time to time to a LIBOR Loan by giving advance notice as provided in Section 2.02(c) to the Administrative Agent (which shall promptly notify the Lenders) of such election. All or any part of any outstanding Loan may be converted as provided herein, provided that (i) any conversion of all or any part of any Base Rate Loan into a LIBOR Loan shall be (as to each such Loan into which there is a conversion for an applicable Interest Period) in amounts of at least $1,000,000 or any whole multiple of $500,000 in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, no Base Rate Loan may be converted into a LIBOR Loan.", "snippet_links": [{"key": "the-borrower", "type": "clause", "offset": [0, 12]}, {"key": "to-convert", "type": "clause", "offset": [23, 33]}, {"key": "libor-loan", "type": "clause", "offset": [57, 67]}, {"key": "day-of", "type": "clause", "offset": [80, 86]}, {"key": "current-interest-period", "type": "definition", "offset": [96, 119]}, {"key": "base-rate-loan", "type": "definition", "offset": [142, 156]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [175, 209]}, {"key": "the-lenders", "type": "clause", "offset": [239, 250]}, {"key": "subject-to-the-provisions", "type": "clause", "offset": [270, 295]}, {"key": "at-any-time", "type": "clause", "offset": [398, 409]}, {"key": "from-time-to-time", "type": "clause", "offset": [414, 431]}, {"key": "outstanding-loan", "type": "definition", "offset": [615, 631]}, {"key": "provided-that", "type": "definition", "offset": [669, 682]}, {"key": "conversion-of", "type": "clause", "offset": [691, 704]}, {"key": "loan-shall", "type": "definition", "offset": [756, 766]}, {"key": "applicable-interest-period", "type": "definition", "offset": [832, 858]}, {"key": "default-shall", "type": "definition", "offset": [958, 971]}, {"key": "a-default", "type": "definition", "offset": [1008, 1017]}], "size": 16, "samples": [{"hash": "hoUmCiMaQSC", "uri": "/contracts/hoUmCiMaQSC#conversion-options", "label": "Revolving Credit Agreement (Wca Waste Corp)", "score": 21.0, "published": true}, {"hash": "agqbldJm7kO", "uri": "/contracts/agqbldJm7kO#conversion-options", "label": "Credit Agreement (Wca Waste Corp)", "score": 18.0, "published": true}, {"hash": "29VsfP1kjha", "uri": "/contracts/29VsfP1kjha#conversion-options", "label": "Credit Agreement (Wca Waste Corp)", "score": 18.0, "published": true}], "hash": "30368d09441119698d1665699f881a8e", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ihtjb252ZXJzaW9uLW9wdGlvbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 1125, "children": [["continuation-of-type-of-revolving-credit-loan", "Continuation of Type of Revolving Credit Loan"], ["conversion-to-different-type-of-revolving-credit-loan", "Conversion to Different Type of Revolving Credit Loan"], ["eurodollar-rate-loans", "Eurodollar Rate Loans"], ["conversion-to-different-type-of-loan", "Conversion to Different Type of Loan"], ["continuation-of-type-of-loan", "Continuation of Type of Loan"]], "title": "Conversion Options", "parents": [["certain-general-provisions", "Certain General Provisions"], ["the-loans-amount-and-terms", "The Loans Amount and Terms"], ["the-revolving-credit-facility", "The Revolving Credit Facility"], ["commitments", "Commitments"], ["borrowings-continuations-and-conversions-letters-of-credit", "Borrowings Continuations and Conversions Letters of Credit"]], "id": "conversion-options", "related": [["conversion-option", "Conversion Option", "Conversion Option"], ["conversion-rights", "Conversion Rights", "Conversion Rights"], ["conversion-right", "Conversion Right", "Conversion Right"], ["exercise-of-conversion-right", "Exercise of Conversion Right", "Exercise of Conversion Right"], ["conversion-of-preferred-shares", "Conversion of Preferred Shares", "Conversion of Preferred Shares"]], "related_snippets": [], "updated": "2026-07-04T05:45:54+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The Conversion Options clause defines the terms under which one type of security or financial instrument can be converted into another, such as converting preferred shares into common shares. Typically, this clause outlines the conditions, timing, and conversion ratios that apply, and may specify whether conversion is automatic or at the holder's discretion. Its core practical function is to provide flexibility for investors or holders, allowing them to benefit from changes in the company's structure or value, and to clarify the process for transitioning between different types of securities."}, "json": true, "cursor": ""}}