Common use of Conversions and Renewals Clause in Contracts

Conversions and Renewals. (a) 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 under the applicable Tranche and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted. (b) Sections 2.4 to 2.10 apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c), the Administrative Agent may convert outstanding European Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.

Conversions and Renewals. (a) 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 under the applicable Tranche and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted. (b) Sections 2.4 to 2.10 apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c), the Administrative Agent may convert outstanding European Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be is effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.

Conversions and Renewals. (a) 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 under the applicable Tranche or Facility and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted. (b) Sections 2.4 2.6 to 2.10 2.13 apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c2.11(c), the Administrative Agent may convert outstanding European Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.

Conversions and Renewals. (a) 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 Tranche 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 and (ii) Letters of Credit may not be converted. (b) Sections 2.4 to 2.10 (other than 2.8) apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, and (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c), the Administrative Agent may convert outstanding European Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.

Conversions and Renewals. (a) 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 under the applicable Tranche and renew Acceptances and Libor Loans, provided that (i) Acceptances and Libor Loans may not be converted prior to the maturity of their respective periods and (ii) Letters of Credit may not be converted. (b) Sections 2.4 to 2.10 apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, and (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c), the Administrative Agent may convert outstanding European Euro Base Rate Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be is effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.

Conversions and Renewals. (a) 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 and (ii) Letters of Credit may not be converted. (b) Sections 2.4 to 2.10 2.11 (other than 2.9) apply to a conversion or a renewal with such modifications as may be required. (c) Unless they are repaid, converted or renewed upon the maturity date of their respective periods, (i) Acceptances will then become Prime Rate Loans for the face amount of such Acceptances, (ii) Libor Loans in US Dollars will then become US Base Rate Loans, and (iii) Libor Loans in Euros under Tranche A will then become Prime Rate Loans, and (iv) Libor Loans in Euros under Tranche C will then become US Base Rate Loans. (d) When making adjustments among Lenders pursuant to Section 2.8(c), the Administrative Agent may convert outstanding European Loans into US Base Rate Loans. (e) Any conversion to Borrowings in another currency will be effected by the repayment of the Borrowings to be so converted and by the re-borrowing of an equivalent amount in the other currency.