Common use of Automatic Conversion and Continuation Clause in Contracts

Automatic Conversion and Continuation. Floating Rate Loans shall ---------------------------------------- continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent a Borrowing/Election Notice in accordance with Section 2.9(D) requesting that, at the end of such Interest --------------- Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan. (C)

Automatic Conversion and Continuation. Floating Rate Loans shall ---------------------------------------- continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Term Benchmark Loans. Eurodollar Rate Term Benchmark Loans shall continue as Eurodollar Rate Term Benchmark Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Term Benchmark Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent a Borrowing/Election Notice in accordance with Section 2.9(D2.09(d) requesting that, at the end of such Interest --------------- Period, such Eurodollar Rate Term Benchmark Loans continue as a Eurodollar Rate Term Benchmark Loan. (C).

Automatic Conversion and Continuation. Floating Rate Loans shall ---------------------------------------- continue as Floating Rate Loans unless and until such Floating Rate Loans are repaid or converted into Eurodollar Rate Loans. Eurodollar Rate Loans shall continue as Eurodollar Rate Loans until the end of the then applicable Interest Period therefor, at which time such Eurodollar Rate Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent a Borrowing/Election Notice in accordance with Section 2.9(D) requesting that, at the end of such Interest --------------- Period, such Eurodollar Rate Loans continue as a Eurodollar Rate Loan. No Conversion Post-Default. Notwithstanding anything to the contrary contained in Section 2.9(A) or Section 2.9(B), no Loan may be converted into or continued as a Eurodollar Rate Loan (C)except with the consent of the Required Lenders) when any Default has occurred and is continuing.