Common use of Conversion Option Clause in Contracts

Conversion Option. Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that: (a) Conversions of CDOR Rate Loans may only be made on the last day of the Interest Period applicable thereto; (b) the Borrower may not convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed the minimum amounts required for Drawdowns of Loans of the same type as that portion (as set forth in Section 2.4); and (c) a Conversion shall not result in an increase in Outstanding Principal; increases in Outstanding Principal may only be effected by Drawdowns.

Conversion Option. Subject to the provisions of this AgreementAgreement and except for Letters of Credit, the Borrower may convert the whole or any part of any type of Loan under the a Credit Facility into any other type of permitted Loan under the same Credit Facility by giving the Lender Agent a Conversion Notice in accordance herewith; provided that: (a) Conversions of CDOR Rate Libor Loans and Bankers' Acceptances may only be made on the last day of the Interest Period applicable thereto; (b) the Borrower may not convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed exceed, in the relevant currency of each such portion, the minimum amounts required for Drawdowns of Loans of the same type as that portion (as set forth in Section 2.42.5); and (c) a Conversion shall not result in an increase in Outstanding Principal; increases in Outstanding Principal may only be effected by Drawdowns.

Conversion Option. Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility one credit facility into any other type of permitted Loan under the Credit Facility same credit facility by giving the Lender Administrative Agent a Conversion Notice in accordance herewith; provided that: (a) Conversions of CDOR Rate LIBOR Loans and Bankers' Acceptances may only be made on the last day of the Interest Period applicable thereto; (b) the Borrower may not convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed the minimum amounts required for Drawdowns of Loans of the same type as that portion (as set forth in Section 2.4)portion; and (c) a Conversion shall will not result in an increase in Outstanding Principal; increases in Outstanding Principal may only be effected by Drawdowns.

Conversion Option. ‌ Subject to the provisions of this Agreement, the Borrower may convert Convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender a Conversion Notice in accordance herewith; provided that: (a) Conversions of CDOR Rate Term ▇▇▇▇▇ Loans may only be made on the last day of the Interest Period applicable thereto; (b) the Borrower may not convert Convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed the minimum amounts required for Drawdowns of Loans of the same type as that portion (as set forth in Section 2.4); and (c) a Conversion shall not result in an increase in Outstanding Principal; increases in Outstanding Principal may only be effected by Drawdowns.

Conversion Option. Subject to the provisions of this Agreement, the Borrower may convert the whole or any part of any type of Loan under the Credit Facility into any other type of permitted Loan under the Credit Facility by giving the Lender Agent a Conversion Notice in accordance herewith; provided that: (a) Conversions of CDOR Rate Libor Loans may only be made on the last day of the Interest Period applicable thereto; (b) the Borrower may not convert a portion only or the whole of an outstanding Loan unless both the unconverted portion and converted portion of such Loan are equal to or exceed exceed, in the relevant currency of each such portion, the minimum amounts required for Drawdowns of Loans of the same type as that portion (as set forth in Section 2.42.5); and (c) a Conversion shall not result in an increase in Outstanding Principal; increases in Outstanding Principal may only be effected by Drawdowns.