Common use of Optional Conversion of Advances Clause in Contracts

Optional Conversion of Advances. The Company may on any Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 and 2.13, Convert all Advances of one Type comprising the same Borrowing into Advances of another Type; provided, however, that any Conversion of Term Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Term Rate Advances, any Conversion of Base Rate Advances into Term Rate Advances shall be in an amount not less than 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 and (ii) the Advances to be Converted. Each notice of Conversion shall be irrevocable and binding on the Company.

Optional Conversion of Advances. The Company Borrower may on any Business Day, upon notice given to the Administrative Agent in substantially the form of Exhibit C not later than 11:00 A.M. (New York City time) on the third U.S. Government Securities second Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.8 and 2.133.1, Convert all Advances of one Type comprising the same Borrowing into Advances of another the other Type; provided, however, that any Conversion of Term Rate SOFR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Term Rate SOFR Advances, any Conversion of Base Rate Advances into Term Rate SOFR Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b2.2(c) and no Conversion of any Advances shall result in more separate Borrowings than permitted under Section 2.02(b2.2(c). Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion and Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into SOFR Advances, the duration of the initial Interest Period for each such Advance. Each notice of Conversion shall be irrevocable and binding on the CompanyBorrower.

Optional Conversion of Advances. The Company Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) 12:00 noon on the third U.S. Government Securities Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.09 2.12 and 2.132.16, Convert all or any part of Advances of one Type comprising the same Borrowing into Advances of another Typethe other Type or of the same Type but having a new Interest Period; provided, however, that any Conversion of Term Rate SOFR Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Term Rate SOFR Advances, any Conversion of Base Rate Advances into Term Rate SOFR Advances shall be in an amount not less than 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 and Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion is into SOFR Advances, the duration of the initial Interest Period for each such Advance. Each such notice of Conversion shall be irrevocable and binding on the CompanyBorrower.