Common use of Conversion to a Different Type of Loan Clause in Contracts

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances to Prime Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing; (v) the Borrower may have no more than eight (8) LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Rate Loans shall be in a minimum aggregate principal amount of $500,000 and, if greater, an integral multiple of $1 00,000. The Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances Loans to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest LIBOR Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing, unless the Required Lenders shall consent to such conversion; (v) the Borrower may have no more than eight six (8) 6) LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Base Rate Loans shall be in a minimum aggregate principal amount of $500,000 1,000,000 and, if greater, an integral multiple of $1 00,000100,000, and (viii) notwithstanding the immediately preceding clause (ii) hereof, the Borrower may not convert to LIBOR Loans any Tranche D Term Loans made as Base Rate Loans on the Fourth Amendment Effective Date until the date that is ten (10) Business Days after the Fourth Amendment Effective Date. The Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances Loans to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing, unless the Required Lenders shall consent to such conversion; (v) the Borrower may have no more than eight six (8) 6) LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Base Rate Loans shall be in a minimum aggregate principal amount of $500,000 1,000,000 and, if greater, an integral multiple of $1 00,000100,000. The Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing; (v) the Borrower may shall have no more than eight (8) five LIBOR Loans outstanding at any time; , (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Rate Loans shall be in a minimum aggregate principal amount of $500,000 and, if greater, an integral multiple of $1 00,000100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Base Rate Loans shall be in a minimum aggregate principal amount of $250,000 and, if greater, an integral multiple of $100,000. The Administrative Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances Loans to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing; (v) the Borrower may have no more than eight six (8) 6) LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Base Rate Loans shall be in a minimum aggregate principal amount of $500,000 1,000,000 and, if greater, an integral multiple of $1 00,000100,000. The Administrative Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances Loans to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided PROVIDED that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York City time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time City time) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing; (v) the Borrower may have no more than eight five (8) 5) LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $500,000 and, if greater, an integral multiple of $100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Base Rate Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Rate Loans shall be in a minimum aggregate principal amount of $500,000 and, if greater, an integral multiple of $1 00,000100,000. The Administrative Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

Conversion to a Different Type of Loan. The Borrower may elect from time to time to convert any outstanding Advances Loans to Prime Base Rate Loans or LIBOR Loans, as the case may be, provided that (i) with respect to any such conversion of LIBOR Loans to Prime Base Rate Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon 11:00 A.M. (New York time) on the date of such proposed conversion; (ii) with respect to any such conversion of Prime Base Rate Loans to LIBOR Loans, the Borrower shall provide the appropriate Interest Rate Option Notice by 12:00 Noon. 11:00 A.M. (New York time ) at least three Business Days' prior to the date of such proposed conversion; (iii) with respect to any such conversion of LIBOR Loans into Prime Base Rate Loans, such conversion shall only be made on the last day of the related Interest Period; (iv) no Loans may be converted into LIBOR Loans when any Default has occurred and is continuing, unless the Required Lenders shall consent to such conversion; (v) the Borrower may have no more than eight (8) two LIBOR Loans outstanding at any time; (vi) any conversion of less than all of the outstanding Prime Base Rate Loans into LIBOR Loans shall be in a minimum aggregate principal amount of $1,000,000 and, if greater, an integral multiple of $1 00,000100,000; and (vii) any conversion of less than all of the outstanding LIBOR Loans into Prime Base Rate Loans shall be in a minimum aggregate principal amount of $500,000 1,000,000 and, if greater, an integral multiple of $1 00,000100,000. The Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.