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

Conversion to Different Type of Revolving Credit Loan. The 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 LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion and (d) no Revolving Credit Loan may be converted into a LIBOR 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 of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 $1,000,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The Borrower Domestic Borrowing Administrator, on behalf of any Domestic Borrower, and the Foreign Borrowing Administrator, on behalf of any Foreign Borrower, may elect from time to time to convert any outstanding Domestic Revolving Credit Loan or Foreign Revolving Credit Loan, as applicable, to a Revolving Credit Loan of another Type, provided that (a) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan to a Base Rate Loan, the Borrower applicable Borrowing Administrator shall give the Administrative Agent at least one (1) Business Day Day’s prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan or an IBOR Rate Loan, the Borrower applicable Borrowing Administrator shall give the Administrative Agent at least three (3) LIBOR Business Days Days’ prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan or an IBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the therefor; (d) no Domestic Borrower pays all amounts owing pursuant may convert a Domestic Revolving Credit Loan to §5.8 herein on the date of such conversion an IBOR Rate Loan; (e) no Foreign Borrower may convert a Foreign Revolving Credit Loan denominated in an Alternative Currency to a LIBOR Rate Loan or a Base Rate Loan and (df) no Revolving Credit Loan may be converted into a LIBOR Rate Loan when any Default or Event an IBOR Rate Loan if, with the consent or at the request of Default the Required Lenders, the Administrative Agent has occurred accelerated payment of the Loans pursuant to clause (1) of Section 13.1(n) and is continuingsuch acceleration has not been rescinded by the Required Lenders. To make an election pursuant to this Section, the applicable Borrowing Administrator shall notify the Administrative Agent of such election by telephone by the time that a Loan Request would be required under Section 2.6 if such Borrowing Administrator were requesting a Revolving Credit Loan of the Type so elected. Each such telephonic Conversion Request shall be confirmed promptly in writing (whether by facsimile or email) in a form reasonably satisfactory to the Administrative Agent and signed by the applicable Borrowing Administrator. 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 Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 Loans of another Type as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $1,000,000 500,000 or a whole an integral multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Rate Loan or an IBOR Rate Loan shall be irrevocable by the Borrowerapplicable Borrowers or Borrowing Administrator.

Conversion to Different Type of Revolving Credit Loan. The US 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 LIBOR Rate Loan to a Base Rate Loan, the US Borrower shall give the Administrative Agent at least one (1) US Business Day prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the US Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion and thereto; (d) no Revolving Credit Base Rate Loan may be converted into a LIBOR Rate Loan when any Default or a Payment Event of Default or an Event of Default under Section 14.1 (g) or (h) has occurred and is continuing; and (e) no more than ten (10) LIBOR Rate Loans having different Interest Periods may be outstanding at any time. On the date on which such conversion is being made made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 $1,000,000 500,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Rate Loan shall be irrevocable by the US Borrower.

Conversion to Different Type of Revolving Credit Loan. The 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 LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one three (13) Business Day Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion and (d) no Revolving Credit Loan may be converted into into, or continued as, a LIBOR Rate Loan when any Default or Event of Default has occurred and is continuing. Promptly upon the receipt of any such election, the Administrative Agent shall notify the Lenders thereof. On the date on which such conversion is being made made, each Lender shall take such action as is necessary to transfer its Commitment Percentage of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 $1,000,000 or a whole multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The 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 LIBOR Rate Revolving Credit Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent at least one (1) Business Day Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate LoanRevolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto unless thereto, or, if made on a date other than the Borrower pays all amounts owing pursuant to §5.8 herein on the date last day of such conversion Interest Period, shall be subject to Section 6.10 hereof and (d) no Revolving Credit Loan may be converted into a LIBOR 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 of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 $1,000,000 or a whole multiple thereof[**]. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower.

Conversion to Different Type of Revolving Credit Loan. The Any Revolver Borrower may elect from time to time to convert any outstanding Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) denominated in Dollars to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a LIBOR Eurocurrency Rate Loan to a Base Rate Loan, the such Revolver Borrower shall give the Administrative Agent at least one (1) Business Day prior written notice of such electionelection by not later than 10:30 a.m. on such Conversion Date; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Eurocurrency Rate Loan, the such Revolver Borrower shall give the Administrative Agent at least three (3) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR Eurocurrency Rate Loan into a Base Rate LoanRevolving Credit Loan of another Type, such conversion shall only be made on the last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion and (d) no Revolving Credit Base Rate Loan may be converted into a LIBOR 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 of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) denominated in Dollars 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 $1,000,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a LIBOR Eurocurrency Rate Loan shall be irrevocable by the applicable Revolver Borrower.

Conversion to Different Type of Revolving Credit Loan. The applicable Borrower or, as the case may be, Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars (other than a Swingline Loan) to a Revolving Credit Loan of another TypeType denominated in Dollars, provided that (a) with respect to any such conversion of a LIBOR Eurocurrency Rate Loan to a Base Rate Loan, the applicable Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least one three (13) Business Day Days prior written notice of such election; (b) with respect to any such conversion of a Base Rate Loan to a LIBOR Eurocurrency Rate Loan, the applicable Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least three four (34) LIBOR Business Days prior written notice of such election; (c) with respect to any such conversion of a LIBOR 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 unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date of such conversion and (d) no Revolving Credit such Loan may be converted into a LIBOR 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 or Last Out Revolving Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans (other than Swingline Loans) of any Type denominated in Dollars may be converted into a Revolving Credit Loan of another Type denominated in Dollars as provided herein, provided that any partial conversion shall be in an aggregate principal amount of $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Loan (other than a Swingline Loan) to a LIBOR Eurocurrency Rate Loan shall be irrevocable by the BorrowerBorrowers.

Conversion to Different Type of Revolving Credit Loan. The 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 LIBOR Rate Loan to a Base Rate Loan, the Borrower shall give the Administrative Agent Agents at least one (1) Business Day Day's prior written notice of such election; (bii) with respect to any such conversion of a Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the Administrative Agent Agents at least three (3) LIBOR Business Days Days' prior written notice of such election; (ciii) with respect to any such conversion of a LIBOR Rate Loan into a Base Rate Loan, such conversion shall only be made at the end of business on the last day of the Interest Period with respect thereto unless the Borrower pays all amounts owing pursuant to §5.8 herein on the date thereto; (iv) no more than six (6) different Interest Rate Periods in respect of such conversion LIBOR Rate Loans may be in effect at any time; and (dv) no Revolving Credit Loan may be converted into a LIBOR 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 of such Revolving Credit Loans to its Domestic Lending Office or its LIBOR 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 $1,000,000 or a whole multiple thereof. Each Conversion Request relating to the conversion of a Base Rate Loan to a LIBOR Rate Loan shall be irrevocable by the Borrower. 2.7.2.