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

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such Borrower shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days Day prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Business Days prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate LoanLoan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto thereto; and (div) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided PROVIDED that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans5,000,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage or Term Loan Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such Borrower shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and One Million Dollars ($1,000,000 1,000,000) in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrower. Promptly upon receipt of any such Borrowernotice, the Administrative Agent shall notify each of the Lenders thereof.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Outstanding Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (ai) with respect to any such conversion of a Loan from a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Business Days prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (div) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. On the date on which such conversion is being made made, each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Outstanding Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided PROVIDED that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans100,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Applicable Agent at least three one (31) Business Days Day's prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Applicable Agent at least four two (42) Eurodollar Business Days Days' prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto thereto, and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Applicable Bank shall take such action action, if any, as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of at least $500,000, in the case 500,000.00 or an integral multiple thereof and (z) any partial conversion of conversion any Loan to Base Rate Loans, and $1,000,000 in the case of conversion to a Eurodollar Rate LoansLoan shall be in an aggregate principal amount of $500,000.00 or a whole multiple of $500,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such Borrower shall give the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and One Million Dollars ($1,000,000 1,000,000) in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by Borrower. Promptly upon receipt of any such Borrowernotice, the Administrative Agent shall notify each of the Lenders thereof.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days Day’s prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Business Days Days’ prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto to such Eurocurrency Rate Loan; and (d) no Revolving Credit Base Rate Loan may be converted into a Eurodollar Eurocurrency Rate 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 Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office for domestic loans or its Eurodollar Lending OfficeOffice for Eurocurrency Rate Loans, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case 5,000,000 or a whole multiple of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loansexcess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Term Loan to a Revolving Credit Term Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three (3) Business Days prior written notice of such electionelection and, except as set forth in Section 5.4 or Section 5.5 hereof, such conversion shall only be permitted if the Administrative Agent and all of the Lenders consent in their sole discretion; (b) with respect to any such conversion of a each Base Rate Loan shall automatically convert to a Eurodollar Rate Loan at the end of the applicable Interest Period for such Base Rate Loan, such unless the Borrower shall give and the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of otherwise mutually agree that such electionBase Rate Loan shall continue as a Base Rate Loan; and (c) with respect to any such proposed conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuingthereto. On the date on which such conversion is being made each Lender shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, of such Revolving Credit Term Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Term Loans of any Type may be converted into a Revolving Credit Term Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Term Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided PROVIDED that (ai) with respect to any such conversion of a Loan to a Base Rate Loan, the Borrower shall give the Agent written notice prior to 1:00 p.m. on the date of such election; (ii) with respect to any such conversion of a Eurodollar Rate Loan to into a Base Rate LoanLoan of another Type, such Borrower conversion shall give only be made on the Administrative Agent at least three (3) Business Days prior written notice last day of such electionthe Interest Period with respect thereto; (biii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto election and (div) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided PROVIDED that any partial conversion conversions shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loansor a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Prime Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days prior written notice of such election; (bii) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar Eurocurrency Rate Loan, such the Borrower shall give the Administrative Agent at least four two (42) Eurodollar Business Days prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Base Prime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower shall have complied with Section 5.10, and (div) no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate 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 Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars of any Type may be converted into a Revolving Credit Loan denominated in Dollars of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, 250,000 or an integral multiple of $50,000 in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loansexcess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three (3) Eurocurrency Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Eurocurrency Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate 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 Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 or a whole multiple of $100,000 in the case of conversion to Eurodollar Rate Loansexcess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any of its outstanding Revolving Credit Loan Loans to a Revolving Credit Loan of another Type, provided that (ai) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days Day's prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Eurocurrency Rate Loan, such the Borrower shall give the Administrative Agent at least four three (43) Eurodollar Eurocurrency Business Days Days' prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and thereto; (div) no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. On ; (v) the date on which such conversion is being made each Lender shall take such action as is necessary to transfer its Commitment Percentage, as the case Borrower may be, of such Revolving Credit not have more than five (5) Eurocurrency Rate Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or outstanding at any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that time; (vi) any partial conversion shall be in an aggregate principal amount of at least $500,0001,000,000 or an integral multiple of $500,000 in excess thereof, in the case of provided, that any conversion to Base or from Eurocurrency Rate LoansLoans shall be in such amounts and be made pursuant to such elections so that, and after giving effect thereto, the aggregate principal amount of all Eurocurrency Rate Loans having the same Interest Period shall not be less than $5,000,000 or a whole multiple of $1,000,000 in the case of conversion to Eurodollar Rate Loans. Each excess thereof; and (vii) each Conversion Request relating to the conversion of a Revolving Credit Base Rate Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Applicable Agent at least three one (31) Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Applicable Agent at least four two (42) Eurodollar Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto thereto, and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Applicable Bank shall take such action action, if any, as is necessary to transfer its Commitment Percentage or Gold Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that (y) any partial conversion of any Loan to a Base Rate Loan shall be in an aggregate principal amount of at least $500,000, in the case 500,000.00 or an integral multiple thereof and (z) any partial conversion of conversion any Loan to Base Rate Loans, and $1,000,000 in the case of conversion to a Eurodollar Rate LoansLoan shall be in an aggregate principal amount of $1,000,000.00 or a whole multiple of $500,000.00 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower ------------------------------------ may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days Day prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent at least four two (42) Eurodollar Business Days prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and thereto; (div) no Revolving Credit Base Rate Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing; and (v) no more than five (5) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time. On the date on which such conversion is being made each Lender Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans500,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan to a Revolving Credit Loan of another Type, provided that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such Borrower the Borrowers shall give the Administrative Agent at least three Agent, no later than 2:00 p.m. (3Boston time) Business Days on the proposed date of such conversion, prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, such Borrower the Borrowers shall give the Administrative Agent Agent, no later than 10:00 a.m. (Boston time) at least four three (43) Eurodollar Business Days prior to the proposed date of such conversion, written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Rate Loan into a Base Rate LoanLoan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto and (div) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion of a Eurodollar Rate Loan to a Base Rate Loan shall be in an aggregate principal amount of at least $500,000100,000, in the case and any partial conversion of conversion to a Base Rate Loans, and Loan to a Eurodollar Rate Loan shall be in an aggregate principal amount of at least $1,000,000 or an integral multiple of $500,000 in the case of conversion to Eurodollar Rate Loansexcess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by such Borrowerthe Borrowers.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Term Loan to a Revolving Credit Term Loan of another Type, provided that (a) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, such the Borrower shall give the Administrative Agent at least three two (32) Business Days prior written notice of such electionelection and, except as set forth in §5.4 or §5.5 hereof, such conversion shall only be permitted if the Administrative Agent and all of the Lenders consent in their sole discretion; (b) with respect to any such conversion of a each Base Rate Loan shall automatically convert to a Eurodollar Rate Loan at the end of the applicable Interest Period for such Base Rate Loan, such unless the Borrower shall give and the Administrative Agent at least four (4) Eurodollar Business Days prior written notice of otherwise mutually agree that such electionBase Rate Loan shall continue as a Base Rate Loan; and (c) with respect to any such proposed conversion of a Eurodollar Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuingthereto. On the date on which such conversion is being made each Lender shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, of such Revolving Credit Term Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Term Loans of any Type may be converted into a Revolving Credit Term Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans. Each Conversion Request relating to the conversion of a Revolving Credit Term Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (ai) with respect to any such conversion of a Eurodollar Rate Loan to a Base Prime Rate Loan, such the Borrower shall give the Administrative Agent at least three one (31) Business Days prior written notice of such election; (bii) with respect to any such conversion of a Base Prime Rate Loan to a Eurodollar Eurocurrency Rate Loan, such the Borrower shall give the Administrative Agent at least four two (42) Eurodollar Business Days prior written notice of such election; (ciii) with respect to any such conversion of a Eurodollar Eurocurrency Rate Loan into a Base Prime Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower shall have complied with §5.10, and (div) no Revolving Credit Loan may be converted into a Eurodollar Eurocurrency Rate 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 Bank shall take such action as is necessary to transfer its Commitment Percentage, as the case may be, Percentage of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars of any Type may be converted into a Revolving Credit Loan denominated in Dollars of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, 250,000 or an integral multiple of $50,000 in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loansexcess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Eurocurrency Rate Loan shall be irrevocable by such the Borrower.

Conversion to Different Type of Loan. The applicable Borrower may elect from time to time to convert any outstanding Revolving Credit Loan (other than a Loan that has been previously converted to a Revolving Credit Cost of Funds Rate Loan pursuant to Sections 10.1 (a)(ii), 10.1 (a)(iv) or 10.1(a)(v)) to a Loan of another Type, provided provided, that (a) with respect to any such conversion of a Eurodollar Daily Rate Loan to a Base Eurodollar Rate Loan, such the Borrower shall give the Administrative Agent Lender at least three four (34) Eurodollar Rate Business Days prior written notice of such election; (b) with respect to any such conversion of a Base Eurodollar Rate Loan to a Eurodollar Daily Rate Loan, such the Borrower shall give the Administrative Agent at least four (4) Eurodollar Business Days prior Lender written notice of such election, no later than 11:00 a.m., Hartford, Connecticut, time on the day such election is to take effect; (c) with respect to any such conversion of a Eurodollar Rate Loan into a Base Eurodollar Daily Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto and (d) no Revolving Credit Loan may be converted into a Eurodollar Rate 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 Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type may be converted into a Revolving Credit Loan of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of at least $500,000, in the case of conversion to Base Rate Loans, and $1,000,000 in the case of conversion to Eurodollar Rate Loans500,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Eurodollar Daily Rate Loan to a Eurodollar Rate Loan shall be irrevocable by such the Borrower.