Common use of Conversion and Continuation Elections Clause in Contracts

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Rate Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,000, or, that is in an integral multiple of $1,000,000 in excess thereof) into Loans of any other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,000, or that is in an integral multiple of $1,000,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,000, such LIBOR Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest Period, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Rate Loans shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 a.m. (San Francisco time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into or

Conversion and Continuation Elections. (a) The Company applicable Borrower may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Rate Loansany other Type of Loans denominated in Dollars, to convert any such Loans (or any part thereof in an amount not less than $1,500,000, or, that is in an integral multiple of $1,000,000 in excess thereofthe Minimum Tranche) into Loans in Dollars of any other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,000, or that is in an integral multiple of $1,000,000 in excess thereofthe Minimum Tranche); provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans denominated in Dollars in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0001,000,000, such LIBOR Offshore Rate Loans denominated in Dollars shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company applicable Borrower to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR into Offshore Rate Loans shall terminate. (b) The Company applicable Borrower shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 a.m. (San Francisco time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into orlater

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Administrative Agent in accordance with subsection SUBSECTION 2.04(b): ): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Offshore Rate Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,0002,000,000, or, or that is in an integral multiple of $1,000,000 in excess thereof) into Loans of any other Interest Rate Type; or or (ii) elect, elect as of the last day of the applicable Interest Period, to continue any Revolving Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,0002,000,000, or that is in an integral multiple of $1,000,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0002,000,000, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Offshore Rate Loans shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Administrative Agent not later than 9:00 10:00 a.m. (San Francisco Dallas, Texas time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into oror continued as Offshore Rate Loans; and (ii) one Business Day in advance of the Conversion/Continuation Date, if the Loans are to be converted into Base Rate Loans, specifying: (A) the proposed Conversion/Continuation Date; (B) the aggregate amount of Loans to be converted or continued;

Conversion and Continuation Elections. (a) The Company applicable Borrower may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Rate Loansany other Type of Loans denominated in Dollars, to convert any such Loans (or any part thereof in an amount not less than $1,500,000, or, that is in an integral multiple of $1,000,000 in excess thereofthe Minimum Tranche) into Loans in Dollars of any other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,000, or that is in an integral multiple of $1,000,000 in excess thereofthe Minimum Tranche); provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans denominated in Dollars in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0001,000,000, such LIBOR Offshore Rate Loans denominated in Dollars shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company applicable Borrower to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR into Offshore Rate Loans shall terminate. (b) The Company applicable Borrower shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 10:30 a.m. (San Francisco Chicago time) (i) at least (i) three two Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into oror continued as Offshore Rate Loans denominated

Conversion and Continuation Elections. (a) The Company A Fund may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(bSection 2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans or Federal Funds Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Rate any other Type of Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,000, or, 1,000,000 or that is in an integral multiple of $1,000,000 in excess thereof) into Loans of any other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,000, 1,000,000 or that is in an integral multiple of $1,000,000 in excess thereof); providedprovided that, that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, reduced by payment, prepayment, prepayment or conversion of part thereof to be less than $1,500,0001,000,000, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date date, the right of the Company Fund to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Offshore Rate Loans shall terminate. Notwithstanding anything to the contrary, no Loan shall be outstanding for a period of more than two weeks, and there shall be no more than two Interest Periods in respect of an Offshore Rate Loan. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 a.m. (San Francisco time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into or

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent Bank in accordance with subsection 2.04(b): ): (i) elect, as of any Business Day, in the case of a Base Rate LoansLoan, or as of the last day of the applicable Interest Period, in the case of LIBOR an Offshore Rate LoansLoan, to convert any such Loans Loan (or any part thereof in an amount not less than $1,500,000500,000, or, or that is in an integral multiple of $1,000,000 100,000 in excess thereof) into Loans a Loan of any other Type; or or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans a Loan having an Interest Periods Period expiring on such day (or any part thereof in an amount not less than $1,500,000500,000, or that is in an integral multiple of $1,000,000 100,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR any Offshore Rate Loans in respect of any Borrowing Loan is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,000500,000, such LIBOR Offshore Rate Loans Loan shall automatically convert into a Base Rate Loans at the end of the applicable Interest PeriodLoan, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 Loan as, and convert such Loans of less than $1,500,000 Loan into, LIBOR an Offshore Rate Loans Loan shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent Bank not later than 9:00 a.m. (San Francisco time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are any Loan is to be converted into oror continued as an Offshore Rate Loan; and (ii) on the Conversion/Continuation Date, if any Loan is to be converted into a Base Rate Loan, specifying: (A) the proposed Conversion/Continuation Date; (B) the amount of the Loan to be converted or continued;

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent Bank in accordance with subsection 2.04(b): 2.4(b): (i) elect, as of any Business Day, in the case of a Base Rate LoansLoan, or as of the last day of the applicable Interest Period, in the case of LIBOR an Offshore Rate LoansLoan, to convert any such Loans Loan (or any part thereof in an amount not less than $1,500,0001,000,000, or, or that is in an integral multiple of $1,000,000 in excess thereof) into Loans a Loan of any other Type; or or (ii) elect, as of the last day of the applicable Interest Period, to continue any Loans a Loan having an Interest Periods Period expiring on such day (or any part thereof in an amount not less than $1,500,0001,000,000, or that is in an integral multiple of $1,000,000 in excess thereof); providedPROVIDED, that if at any time the aggregate amount of LIBOR any Offshore Rate Loans in respect of any Borrowing Loan is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0001,000,000, such LIBOR Offshore Rate Loans Loan shall automatically convert into a Base Rate Loans at the end of the applicable Interest PeriodLoan, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 Loan as, and convert such Loans of less than $1,500,000 Loan into, LIBOR an Offshore Rate Loans Loan shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent Bank not later than 9:00 11:00 a.m. (San Francisco Chicago time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into or,

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Offshore Rate Loans, to convert any such Loans (or any part thereof in an aggregate amount not less than $1,500,000, or, that is in an integral multiple of $1,000,000 in excess thereofthe Minimum Tranche) into Loans of any the other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Offshore Rate Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,000, or that is in an integral multiple of $1,000,000 in excess thereof)the Minimum Tranche) as Offshore Rate Loans for a new Interest Period; provided, provided that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, prepayment or conversion of part thereof thereof, to be less than $1,500,000the Minimum Tranche, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest Period, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Rate Loans shall terminateLoans. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 a.m. (San Francisco time) at least (i) three 10:00 a.m. (Chicago time) two Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into oror continued as Offshore Rate Loans; and (ii)

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Offshore Rate Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,0001,000,000, or, or that is in an integral multiple of $1,000,000 500,000 in excess thereof) into Loans of any the other Type; or (ii) elect, as of the last day of the applicable Interest Period, to continue any Offshore Rate Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,0001,000,000, or that is in an integral multiple of $1,000,000 500,000 in excess thereof)) as Offshore Rate Loans; provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0001,000,000, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Offshore Rate Loans shall terminate. (b) The Company shall deliver a Notice of Conversion/Conversion/ Continuation to be received by the Agent not later than 9:00 a.m. 12:00 noon (San Francisco Chicago time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans (or parts thereof) are to be converted into or continued as Offshore Rate Loans; and (ii) one Business Day in advance of the Conversion/Continuation Date, if the Loans (or parts thereof) are to be converted into Base Rate Loans, specifying: (A) the proposed Conversion/Continuation Date; (B) the aggregate amount of Loans (or parts thereof) to be converted or continued; (C) the Types of Loans resulting from the proposed conversion or continuation; and (D) other than in the case of conversions into Base Rate Loans, the duration of the requested Interest Period. (c) If upon the expiration of any Interest Period applicable to Offshore Rate Loans, the Company has failed to select timely a new Interest Period to be applicable to such Offshore Rate Loans, or if any Default or Event of Default then exists, the Company shall be deemed to have elected to convert such Offshore Rate Loans into Base Rate Loans effective as of the expiration date of such Interest Period. (d) The Agent will promptly notify each Bank of the Agent's receipt of a Notice of Conversion/Continuation, or, if no timely notice is provided by the Company, the Agent will promptly notify each Bank of the details of any automatic conversion. All conversions and continuations shall be made ratably according to the respective outstanding principal amounts of the Loans with respect to which the notice was given held by each Bank. (e) Unless the Majority Banks otherwise agree, during the existence of a Default or Event of Default, the Company may not elect to have a Loan converted into or continued as an Offshore Rate Loan. (f) After giving effect to any conversion or continuation of Loans, there may not be more than seven different Interest Periods in effect.

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Administrative Agent in accordance with subsection SUBSECTION 2.04(b): ): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR Offshore Rate Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,0002,000,000, or, or that is in an integral multiple of $1,000,000 in excess thereof) into Loans of any other Interest Rate Type; or or (ii) elect, elect as of the last day of the applicable Interest Period, to continue any Revolving Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,0002,000,000, or that is in an integral multiple of $1,000,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0002,000,000, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Offshore Rate Loans shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Administrative Agent not later than 9:00 10:00 a.m. (San Francisco Dallas, Texas time) at least (i) three Business Days in advance of the Conversion/Continuation Date, if the Loans are to be converted into oror continued as Offshore Rate Loans; and (ii) one Business Day in advance of the Conversion/Continuation Date, if the Loans are to be converted into Base Rate Loans, specifying: (A) the proposed Conversion/Continuation

Conversion and Continuation Elections. (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.04(b): 2.4(b): (i) elect, as of any Business Day, in the case of Base Rate Loans, or as of the last day of the applicable Interest Period, in the case of LIBOR any other Offshore Rate Loans, to convert any such Loans (or any part thereof in an amount not less than $1,500,0002,000,000, or, or that is in an integral multiple of $1,000,000 in excess thereof) into Loans of any other Type; or or (ii) elect, elect as of the last day of the applicable Interest Period, to continue any Revolving Loans having Interest Periods expiring on such day (or any part thereof in an amount not less than $1,500,0002,000,000, or that is in an integral multiple of $1,000,000 in excess thereof); provided, that if at any time the aggregate amount of LIBOR Offshore Rate Loans in respect of any Borrowing is reduced, by payment, prepayment, or conversion of part thereof to be less than $1,500,0002,000,000, such LIBOR Offshore Rate Loans shall automatically convert into Base Rate Loans at the end of the applicable Interest PeriodLoans, and on and after such date the right of the Company to continue such Loans of less than $1,500,000 as, and convert such Loans of less than $1,500,000 into, LIBOR Offshore Rate Loans shall terminate. (b) The Company shall deliver a Notice of Conversion/Continuation to be received by the Agent not later than 9:00 a.m. (San Francisco time) at least (i) three Business Days in advance of the Conversion/ Continuation Date, if the Loans are to be converted into or continued as Offshore Rate Loans; and (ii) on the Conversion/Continuation Date, if the Loans are to be converted into orBase Rate Loans, specifying: (A) the proposed Conversion/Continuation Date; (B) the aggregate amount of Loans to be converted or continued;