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 Agent not later than 12:00 Noon (Hong Kong time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing into Advances of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in 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 Advances to be Converted, and (iii) if such Conversion is into 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 Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong 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 2.08 2.08, 2.12 and 2.128.04(c), Convert all or any portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing into Advances of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each no Conversion of any Advances comprising part of the same Borrowing shall be made ratably among the Lenders result in accordance with their Commitmentsmore 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 Advances to be Converted, and (iii) if such Conversion is into Eurocurrency 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 Designated Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing into Advances of the other TypeType denominated in the same currency; provided, however, that any Conversion of Eurocurrency Eurodollar Rate Advances into Base Rate Advances shall be made only with respect to Advances denominated in Dollars or Canadian Dollars and on the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each no Conversion of any Advances comprising part of the same Borrowing shall be made ratably among the Lenders result in accordance with their Commitmentsmore 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 Advances to be Converted, and (iii) if such Conversion is into Eurocurrency 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 Any Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.07 and 2.122.11, Convert all or any portion of the Advances made as a part of a Borrowing to it denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified $10,000,000 or a multiple of $1,000,000 in Section 2.02(b) excess thereof and each no Conversion of any Advances comprising part of the same Borrowing shall be made ratably among the Lenders result in accordance with their Commitmentsmore separate Borrowings than permitted under Section 2.02(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Dollar denominated Advances to be Converted, and (iii) if such Conversion is into 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 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.9, 2.17, 8.1 and 2.128.2, Convert all or any a portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing under a Facility into Advances under such Facility denominated in the same currency of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, and any Conversion of Base Rate Advances or Canadian Prime Rate Advance, as the case may be, into Eurocurrency Rate Advances Advances, shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments2.2(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into 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 Any Borrower may on any Business Day, upon notice given to the Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.07 and 2.122.11, Convert any or all or any portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing made to it into Advances of the other Type; provided, however, that any Conversion of Eurocurrency Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each no Conversion of any Advances comprising part of the same Borrowing shall be made ratably among the Lenders result in accordance with their Commitmentsmore 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 Advances to be Converted, and (iii) if such Conversion is into Eurocurrency 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 Borrower of any Advance may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.9, 2.17, 8.1 and 2.128.2, Convert all or any a portion of the Advances made as a part of a Borrowing of one Type comprising the same Borrowing under a Facility into Advances under such Facility denominated in the same currency of the other Type; provided, however, that any Conversion of Eurocurrency Term Benchmark Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Term Benchmark Rate Advances, and any Conversion of Base Rate Advances or Canadian Prime Rate Advance, as the case may be, into Eurocurrency Term Benchmark Rate Advances Advances, shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments2.2(b). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into Eurocurrency 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 Borrower may on any Business Day, upon notice given to the Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.07 and 2.122.11, Convert all or a portion of all (comprising, in the case of any portion, a ratable portion of the respective Advances made as a part of a Borrowing 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 Advances of the other Type; provided, however, that any Conversion of Eurocurrency Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Eurodollar Rate Advances, Advances and any Conversion of Base Rate Advances into Eurocurrency Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each Conversion of Advances comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their Commitments$10,000,000. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances (or portions thereof) to be Converted, Converted and (iii) if such Conversion is into Eurocurrency 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 Agent not later than 12:00 Noon 11:00 A.M. (Hong Kong New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 2.07 and 2.122.11, Convert all or any portion of the Advances made as a part of a Borrowing to such Borrower denominated in Dollars of one Type comprising the same Borrowing into Advances denominated in Dollars of the other Type; provided, however, that any Conversion of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency Rate Advances, any Conversion of Base Rate Advances into Eurocurrency Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and each no Conversion of any Advances comprising part of the same Borrowing shall be made ratably among the Lenders result in accordance with their Commitmentsmore 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 Dollar denominated Advances to be Converted, and (iii) if such Conversion is into 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.