Common use of Conversion or Continuation of Loans Clause in Contracts

Conversion or Continuation of Loans. Subject to Section 4 hereof, the Borrower shall have the right to Convert Loans of one type into Loans of the other type or Continue Loans of one type as Loans of the same type, at any time or from time to time, provided that (a) Libor Loans may be Converted only on the last day of an Interest Period for such Loans, and (b) Swingline Loans may be outstanding only as Base Rate Loans.

Conversion or Continuation of Loans. Subject to the limitation set forth in Section 2.1(b), above, and subject to Section 4 hereof, the Borrower shall have the right to Convert Loans of one type into Loans of the other type or Continue Loans of one type as Loans of the same type, at any time or from time to time, provided that (a) Libor Loans may be if any LIBOR Loan is not Converted only on the last day of an Interest Period for such LoansLoan, Borrower shall pay any and (b) Swingline Loans may be outstanding only as Base Rate Loansall sums due and payable pursuant to Section 3.7.

Conversion or Continuation of Loans. Subject to the limitation set forth in Section 2.1(b), above, and subject to Section 4 hereof, the Borrower shall have the right to Convert Loans of one type into Loans of the other type or Continue Loans of one type as Loans of the same type, at any time or from time to time, provided that (a) Libor LIBOR Loans may be Converted only on the last day of an Interest Period for such Loans, and (b) Swingline Loans may be outstanding only as Base Rate Loans.