Common use of Agent's Election Clause in Contracts

Agent's Election. Promptly after receipt of a request for a Borrowing pursuant to Section 2.1(c), Agent shall elect, in its discretion, (i) to have the terms of Section 2.1(e) apply to such requested Borrowing, or (ii) to request Foothill to make a Foothill Loan pursuant to the terms of Section 2.1(f) in the amount of the requested Borrowing; provided, however, that if Foothill declines in its sole discretion to make a Foothill Loan pursuant to Section 2.1(f), Agent shall elect to have the terms of Section 2.1(e) apply to such requested Borrowing.

Agent's Election. Promptly after receipt of a request for a Borrowing pursuant to Section 2.1(cSECTION 2.1(B), Agent shall elect, in its discretion, (i) to have the terms of Section 2.1(eSECTION 2.1(D) apply to such requested Borrowing, or (ii) to request Foothill to make a Foothill Loan pursuant to the terms of Section 2.1(fSECTION 2.1(E) in the amount of the requested Borrowing; providedPROVIDED, howeverHOWEVER, that if Foothill declines in its sole discretion to make a Foothill Loan pursuant to Section 2.1(fSECTION 2.1(E), Agent shall elect to have the terms of Section 2.1(eSECTION 2.1(D) apply to such requested Borrowing.