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

Conversion to Different Type of Revolving Credit Loan. The Borrowers may elect from time to time to convert any outstanding Domestic Loan to a Domestic Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. Dollars, provided that (a) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election; (b) 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 (c) 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 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 conversion of a Base Rate Loan into a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000 or an integral multiple of $500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan to a Domestic Revolving Credit Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. DollarsType, provided that (a) with respect to any such conversion of a Base Rate Revolving Credit Loan to a Eurodollar Base Rate Loan, the Borrowers Borrower shall give the Administrative Agent at least three two (32) Eurodollar Business Days prior written notice of such election; (b) with respect to any such conversion of a Eurodollar 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; (c) 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 prior written notice of such election and (cd) no Revolving Credit Loan may be converted into a Eurodollar 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 Eurodollar 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 of a Base Rate Loan into a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000 100,000 or an integral a whole multiple of $500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the BorrowersBorrower.

Conversion to Different Type of Revolving Credit Loan. The Borrowers may elect from time to time to convert any outstanding Domestic Revolving Credit Loan to a Domestic Revolving Credit Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. DollarsType, provided that (a) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrowers Borrower shall give the Administrative Agent at least three (3) Eurodollar Business Days prior written notice of such election; (b) with respect to any such conversion of a Eurodollar Rate Loan to a Base Rate Loan, the Borrowers shall give the Agent at least one (1) Business Day 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 (cd) 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 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 Base Rate Loan into a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000 200,000 or an integral a multiple of $500,000 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the Borrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan to a Domestic Revolving Credit Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. DollarsType, provided that (a) with respect to any such conversion of a Base Rate Revolving Credit Loan to a Eurodollar Base Rate Loan, the Borrowers Borrower shall give the Administrative Agent at least three two (32) Eurodollar Business Days prior written notice of such election; (b) with respect to any such conversion of a Eurodollar 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; (c) 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 prior written notice of such election and (cd) no Revolving Credit Loan may be converted into a Eurodollar 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 Eurodollar 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 conversion of a Base Rate Loan into a Eurodollar Rate Loan partial conversions shall be in an aggregate principal amount of $500,000 or an integral a whole multiple of $500,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the BorrowersBorrower.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan to a Domestic Revolving Credit Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. DollarsType, provided that (a) with respect to any such conversion of a Base Rate Revolving Credit Loan to a Eurodollar Base Rate Loan, the Borrowers Borrower shall give the Administrative Agent at least three one (31) Eurodollar Business Days prior written notice of such election; (b) with respect to any such conversion of a Eurodollar 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; and (c) with respect to any such conversion of a Base Rate Loan to a Eurodollar Rate Loan, the Borrower shall give the Agent at least three (3) Eurodollar Business Days prior written notice of such election 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 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 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 conversion of a Base Rate Loan into a Eurodollar Rate Loan partial conversions shall be in an aggregate principal amount of $500,000 or an integral multiple of $500,000 in excess thereof1,000,000. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar Rate Loan shall be irrevocable by the BorrowersBorrower.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Domestic Revolving Credit Loan to a Domestic Revolving Credit Loan of another Type or any outstanding Canadian Loan denominated in U.S. Dollars to a Canadian Loan of another Type funded in U.S. DollarsType, provided that (a) with respect to any such conversion of a Base LIBOR Rate Loan to a Eurodollar Base Rate Loan, the Borrowers Borrower shall give the Administrative Agent at least three one (31) Eurodollar Business Days Day prior written notice of such election; (b) with respect to any such conversion of a Eurodollar Base Rate Loan to a LIBOR Rate Loan, the Borrower shall give the 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; thereto and (cd) no Revolving Credit Loan may be converted into a Eurodollar 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 Eurodollar 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 of a Base Rate Loan into a Eurodollar Rate Loan shall be in an aggregate principal amount of $500,000 or an integral a whole multiple of $500,000 100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurodollar LIBOR Rate Loan shall be irrevocable by the BorrowersBorrower.