Example ContractsClausesconversion and continuation of loans.Variants
Conversion and Continuation of Loans.
Conversion and Continuation of Loans. contract clause examples

At the request of the Borrower to the Administrative Agent, subject to the notice and other provisions of this Agreement, the Lenders shall convert a Base Rate Loan to one or more Eurocurrency Loans at any time and shall convert a Eurocurrency Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto; provided, that any Loan denominated in an Agreed Currency other than Dollars shall be converted into a Loan denominated in Dollars (using the then applicable Exchange Rate as determined by the Administrative Agent) prior to such Loan becoming a Base Rate Loan. Swing Loans may be converted by the Swing Line Lender to Revolving Loans in accordance with [Section 2.2(c)(ii)] hereof.

At the request of the1"> Administrative Borrower to the Administrative Agent, subject to the notice and other provisions of this Agreement, the 3">appropriate Lenders shall convert a Base Rate Loan to one or more 5">Eurocurrency5">Eurodollar Loans at any time and shall convert a 7">Eurocurrency7">Eurodollar Loan to a Base Rate Loan on any Interest Adjustment Date applicable 9">thereto; provided, that any Loan denominated in an Agreed Currency other than Dollars shall be converted into a Loan denominated in Dollars (using the then applicable Exchange Rate as determined by the Administrative Agent) prior to such Loan becoming a Base Rate Loan.9">thereto. Swing Loans may be converted by the Swing Line Lender to Revolving Loans in accordance with [Section 2.2(c)(ii)] hereof.

At the request of the Borrower to the Administrative Agent, subject to the notice and other provisions of this Agreement, the Lenders shall convert a Base Rate Loan to one or more Eurocurrency Loans at any time and shall convert a Eurocurrency Loan to a Base Rate Loan on any Interest Adjustment Date applicable thereto; provided, that any Loan denominated in an Agreed Currency other than Dollars shall be converted into a Loan denominated in Dollars (using the then applicable Exchange Rate as determined by the1"> Administrative Agent) prior to such Loan becoming a Base Rate Loan. Swing Loans may be converted by the Swing Line Lender to Revolving Loans in accordance with [Section 2.2(c)(ii)] hereof.

At the request of the Borrower to the Administrative Agent, subject to the notice and other provisions of this Agreement, the Lenders shall convert a Base Rate Loan to one or more Eurocurrency Loans 1">or RFR Loans at any 3">time3">time, shall convert an RFR Loan to a Base Rate Loan or one or more Eurocurrency Loans at any time, and shall convert a Eurocurrency Loan to a Base Rate Loan 5">or RFR Loan on any Interest Adjustment Date applicable thereto; provided, that7"> # any Loan denominated in an Agreed Currency other than Dollars shall be converted into a Loan denominated in Dollars (using the then applicable Exchange Rate as determined by the Administrative Agent) prior to such Loan becoming a Base Rate 9">Loan.9">Loan and # the currency of any Eurocurrency Loan or RFR Loan shall be converted, as necessary (using the then applicable Exchange Rate as determined by the Administrative Agent) to correspond with the requested Loan (by way of example, a Loan denominated in Euro would be converted to Sterling to the extent the Borrower desires an RFR Loan). Swing Loans may be converted by the Swing Line Lender to Revolving Loans in accordance with [Section 2.2(c)(ii)] hereof.

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