Common use of Absence of Notice Clause in Contracts

Absence of Notice. Subject to the terms and conditions hereof, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing Term Benchmark Loan (or that portion thereof not subject to a Rollover Notice) shall be automatically continued as a Term Benchmark Loan having an interest Period of one month in principal amount of the maturing Term Benchmark Loan, as though a notice to such effect had been given in accordance with Section 5.2.

Absence of Notice. Subject to the terms and conditions hereof, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing Term Benchmark Loan (or that portion thereof not subject to a Rollover Notice) shall be automatically continued as a Term Benchmark Loan having an interest Interest Period of one month in the principal amount of the maturing Term Benchmark Loan, as though a notice to such effect had been given in accordance with Section 5.2.

Absence of Notice. Subject to the terms and conditions hereof, in the absence of a Rollover Notice or Conversion Notice within the appropriate time periods referred to herein, a maturing Term Benchmark Loan (or that portion thereof not subject to a Rollover Notice) shall be automatically continued as a Term Benchmark Loan having an interest Interest Period of one month in principal amount of the maturing Term Benchmark Loan, as though a notice to such effect had been given in accordance with Section 5.2.