Common use of Conversion or Continuation Clause in Contracts

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (a) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and (b) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of $2,500,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and applicable Minimum Amount therefor, or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 1,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount as a LIBOR Loan; providedPROVIDED, howeverHOWEVER, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and applicable Minimum Amount therefor, or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 1,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans equal to $1,000,000 and integral multiples of $1,000,000 in excess of that amount from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and basis or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and applicable Minimum Amount therefor, or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 2,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount as a LIBOR Loan; providedPROVIDED, howeverHOWEVER, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and applicable Minimum Amount therefor, or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 2,000,000 and integral multiples of $1,000,000 100,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.62.7, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and applicable Minimum Amount therefor, or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 1,000,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans equal to $1,000,000 and integral multiples of $1,000,000 in excess of that amount from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and basis or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Loan; provided, however, -------- ------- that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.

Conversion or Continuation. (i) Subject to the provisions of subsection 2.6, Borrower shall have the option (ai) to convert at any time all or any part of its outstanding Term Loans or Revolving Loans equal to $1,000,000 and integral multiples of $1,000,000 in excess of that amount from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference to an alternative basis, in each case in the minimum amount of $1,000,000 and integral multiples of $1,000,000 and basis or (bii) upon the expiration of any Interest Period applicable to a LIBOR Loan, to continue all or any portion of such Loan in the minimum amount of equal to $2,500,000 and integral multiples of $1,000,000 in excess of that amount as a LIBOR Loan; provided, however, that a LIBOR Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto.