Common use of Conversions and Renewals Clause in Contracts

Conversions and Renewals. (a) The Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings and renew Acceptances and Libor Loans, provided that Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods.

Conversions and Renewals. (a) The A Borrower may convert from one form of permitted Borrowings to another form of permitted Borrowings the whole or any part of the outstanding Borrowings owed by it under the applicable Facility or Tranche (as applicable) and renew Acceptances and Libor LoansLoans owed by it, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods.periods and