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 Revolving Credit Loan denominated in Dollars or Canadian Dollars to a Revolving Credit Loan of another Type denominated in Dollars or Canadian Dollars, as the case may be, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the 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 Eurocurrency Rate Loan, the applicable Borrower shall give the Agent at least three (3) Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Revolving Credit Loan of another Type, 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 Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. The Agent shall promptly notify the Banks of such election (but in any event on the day the Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each 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 Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars or Canadian 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 $500,000 or an integral multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurocurrency Rate Loan shall be irrevocable by the applicable Borrower.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars or Canadian Dollars to a Revolving Credit Loan of another Type denominated in Dollars or Canadian DollarsType, as the case may be, provided PROVIDED that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the Agent at least one (1) Business Day prior written notice of such election no later than 11:00 a.m. (Boston time) on the date of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurocurrency Eurodollar Rate Loan, the applicable Borrower shall give the Agent at least three prior written notice of such election no later than 10:30 a.m. (3Boston time) two (2) Eurodollar Business Days prior written notice to the effectiveness of such election; (c) with respect to any such conversion of a Eurocurrency Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only shall, at the Borrower's option, either be made on the last day of the Interest Period with respect thereto or be made subject to the provisions of sec.6.9(c) of this Credit Agreement and (d) no Revolving Credit Loan may be converted into a Eurocurrency Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. The Agent shall promptly notify the Banks of such election (but in any event on the day the Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each 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 Eurocurrency Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars or Canadian Dollars 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 $500,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof100,000. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurocurrency Eurodollar Rate Loan shall be irrevocable by the applicable Borrower.

Conversion to Different Type of Revolving Credit Loan. The Borrowers Borrower may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars or Canadian Dollars to a Revolving Credit Loan of another Type denominated in Dollars or Canadian Dollars, as the case may beType, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the Administrative Agent at least one (1) Business Day prior written notice of such election no later than 11:00 a.m. (Boston time) on the date of such election; (b) with respect to any such conversion of a Base Rate Loan to a Eurocurrency Eurodollar Rate Loan, the applicable Borrower shall give the Administrative Agent at least prior written notice of such election no later than 10:30 a.m. (Boston time) three (3) Eurodollar Business Days prior written notice to the effectiveness of such election; (c) with respect to any such conversion of a Eurocurrency Eurodollar Rate Loan into a Revolving Credit Loan of another Type, such conversion shall only shall, at the Borrower's option, either be made on the last day of the Interest Period with respect thereto or be made subject to the provisions of 5.9(c) of this Credit Agreement and (d) no Revolving Credit Loan may be converted into a Eurocurrency Eurodollar Rate Loan when any Default or Event of Default has occurred and is continuing. The Agent shall promptly notify the Banks of such election (but in any event on the day the Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each Bank 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 Eurocurrency Eurodollar Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars or Canadian 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 $500,000 1,000,000 or an integral a whole multiple of $100,000 in excess thereof100,000. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurocurrency Eurodollar Rate Loan shall be irrevocable by the applicable Borrower. 2.7.2.

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 or Canadian Dollars to a Revolving Credit Loan of another Type denominated in Dollars or Canadian Dollars, as the case may be, provided that (a) with respect to any such conversion of a Revolving Credit 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 Eurocurrency Rate Loan, the applicable Borrower or, as the case may be, Borrowers shall give the Administrative Agent at least three four (34) Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Revolving Credit Loan of another TypeBase 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 Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. The Agent shall promptly notify the Banks of such election (but in any event on the day the Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each Bank 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 Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans of any Type denominated in Dollars or Canadian Dollars of any Type 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 $500,000 5,000,000 or an integral a multiple of $100,000 1,000,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurocurrency Rate Loan shall be irrevocable by the applicable BorrowerBorrowers.

Conversion to Different Type of Revolving Credit Loan. The Borrowers may elect from time to time to convert any outstanding Revolving Credit Loan denominated in Dollars or Canadian Dollars to a Revolving Credit Loan of another Type denominated in Dollars or Canadian Dollars, as the case may beType, provided that (a) with respect to any such conversion of a Revolving Credit Loan to a Base Rate Loan, the applicable Borrower shall give the 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 Eurocurrency Rate Loan, the applicable Borrower shall give the Agent at least three (3) Business Days prior written notice of such election; (c) with respect to any such conversion of a Eurocurrency Rate Loan into a Revolving Credit Loan of another Type, 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 Eurocurrency Rate Loan when any Default or Event of Default has occurred and is continuing. The Agent shall promptly notify the applicable Banks of such election (but in any event on the day the 21 -21- Agent receives an election by the Domestic Borrowers or Rival Canada and by the day following the date the Agent receives an election by any Foreign Borrower). On the date on which such conversion is being made each applicable Bank shall take such action as is necessary to transfer its Revolving A Commitment Percentage or Revolving B Commitment Percentage, as the case may be, of such Revolving Credit Loans to its Domestic Lending Office or its Eurocurrency Lending Office, as the case may be. All or any part of outstanding Revolving Credit Loans denominated in Dollars or Canadian 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 $500,000 or an integral multiple of $100,000 in excess thereof. Each Conversion Request relating to the conversion of a Revolving Credit Loan to a Eurocurrency Rate Loan shall be irrevocable by the applicable Borrower.