Common use of Optional Conversion of Advances Clause in Contracts

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.13, Convert the whole or any part of the Revolving Credit Advances of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type; provided, however, any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the final day of an Interest Period for such Eurodollar Rate Advances and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.07 and 2.132.11, Convert all or a portion of all (comprising, in the whole or case of any part portion, a ratable portion of the Revolving Credit respective Advances of each Lender and in an aggregate amount not less than $10,000,000) Advances of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Rate Advances and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b)10,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances (or portions thereof) to be Converted and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.9, 2.17, 8.1 and 2.138.2, Convert the whole all or any part a portion of the Revolving Credit Advances of one Type comprising the same Borrowing made to under a Facility into Advances under such Facility denominated in the Borrower into Revolving Credit Advances same currency of the other Type; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances Advances, and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances or Canadian Prime Rate Advance, as the case may be, into Eurodollar Eurocurrency Rate Advances Advances, shall be in an amount not less than $1,000,000 and no Conversion of any Advances shall result the minimum amount specified in more separate Borrowings than permitted under Section 2.02(b2.2(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion to Eurodollar Rate Advances and not later than 11:00 A.M. (New York City time) on the date of the proposed Conversion in the case of a Conversion to Base Rate Advances and subject to the provisions of Sections 2.09 2.08, 2.12 and 2.138.04(c), Convert the whole or any part of the Revolving Credit all Advances of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the final day of an Interest Period for such Eurodollar Rate Advances and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.132.12, Convert the whole all or any part of the Revolving Credit such Advances denominated in Dollars of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any such Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Dollar denominated Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.Interpublic Credit Agreement

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. Noon (New York City Hong Kong time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.132.12, Convert the whole all or any portion of the Advances made as a part of the Revolving Credit Advances a Borrowing of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no each Conversion of any Advances comprising part of the same Borrowing shall result be made ratably among the Lenders in more separate Borrowings than permitted under Section 2.02(b)accordance with their Commitments. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Borrower may on any Business Day, upon notice given to the Administrative Designated Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.08 and 2.132.12, Convert the whole or any part of the Revolving Credit all Advances of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other TypeType denominated in the same currency; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only with respect to Advances denominated in Dollars or Canadian Dollars and on the final last day of an Interest Period for such Eurodollar Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

Optional Conversion of Advances. The Each Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.07 and 2.132.11, Convert the whole or any part of the Revolving Credit all Advances made to such Borrower denominated in Dollars of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Dollar denominated Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the applicable Borrower.

Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.9, 2.17, 8.1 and 2.138.2, Convert the whole all or any part a portion of the Revolving Credit Advances of one Type comprising the same Borrowing made to under a Facility into Advances under such Facility denominated in the Borrower into Revolving Credit Advances same currency of the other Type; provided, however, that any Conversion of Eurodollar Term Benchmark Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Term Benchmark Rate Advances Advances, and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances or Canadian Prime Rate Advance, as the case may be, into Eurodollar Term Benchmark Rate Advances Advances, shall be in an amount not less than $1,000,000 and no Conversion of any Advances shall result the minimum amount specified in more separate Borrowings than permitted under Section 2.02(b2.2(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Term Benchmark Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.07 and 2.132.11, Convert the whole or any part of the Revolving Credit all Advances made to it denominated in Dollars of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurodollar Eurocurrency Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Eurocurrency Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Eurocurrency Rate Advances shall be in an amount not less than $10,000,000 or a multiple of $1,000,000 in excess thereof and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Dollar denominated Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Eurocurrency Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion in the case of a Conversion to Eurodollar Rate Advances and not later than 11:00 A.M. (New York City time) on the date of the proposed Conversion in the case of a Conversion to Base Rate Advances and subject to the provisions of Sections 2.09 2.07, 2.11 and 2.138.04(c), Convert the whole or any part of the Revolving Credit all Advances of one Type comprising the same Borrowing made to the Borrower into Revolving Credit Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the final day of an Interest Period for such Eurodollar Rate Advances and any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrower giving such notice.

Optional Conversion of Advances. The Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 P.M. 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.07 and 2.132.11, Convert the whole any or any part of the Revolving Credit all Advances of one Type comprising the same Borrowing made to the Borrower it into Revolving Credit Advances of the other Type; provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the final last day of an Interest Period for such Eurodollar Rate Advances and Advances, any Alenco - Amended and Restated Credit Agreement Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than $1,000,000 the minimum amount specified in Section 2.02(b) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the BorrowerBorrower giving such notice.