Common use of Base Rate Loans Substituted for Affected Euro-Dollar Loans Clause in Contracts

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of the Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 or (ii) any Bank has demanded compensation under Section 7.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to the Bank, have elected that the provisions of this Section shall apply to the Bank, then, unless and until the Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the Bank as Euro-Dollar Loans shall be made instead as Base Rate Loans, and (b) after each Euro-Dollar Loan has been repaid, all payments of principal which would otherwise be applied to repay Euro-Dollar Loans shall be applied to repay Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the Bank, the Borrower shall remain liable for, and shall pay to the Bank as provided herein, all amounts due the Bank under Section 7.03 in respect of the period preceding the date of conversion of the Loans resulting from the Borrower's election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the i)the obligation of the Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 or (ii) any Bank has demanded compensation under Section 7.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' ’ prior notice to the Bank, have elected that the provisions of this Section shall apply to the Bank, then, unless and until the Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the Bank as Euro-Dollar Loans shall be made instead as Base Rate Loans, and (b) after each Euro-Dollar Loan has been repaid, all payments of principal which would otherwise be applied to repay Euro-Dollar Loans shall be applied to repay Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the Bank, the Borrower shall remain liable for, and shall pay to the Bank as provided herein, all amounts due the Bank under Section 7.03 in respect of the period preceding the date of conversion of the Loans resulting from the Borrower's ’s election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of the any Bank to make or maintain a Euro-Dollar Loans Loan has been suspended pursuant to Section 7.02 8.02 or (ii) any Bank has demanded compensation under Section 7.038.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' ’ prior notice to such Bank through the BankAgent, have elected that the provisions of this Section shall apply to the such Bank, then, unless and until the such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Revolving Credit Advances and Term Loans which would otherwise be made by the such Bank as part of a Euro-Dollar Loans Loan shall be made instead as a Base Rate LoansLoan, and (b) after each its portion of the Euro-Dollar Loan has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans Loan shall be applied to repay its Base Rate Loans Loan instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the any Bank, the Borrower shall remain liable for, and shall pay to the such Bank as provided herein, all amounts due the such Bank under Section 7.03 8.03 in respect of the period preceding the date of conversion of such Bank’s portion of the Loans Loan resulting from the Borrower's ’s election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of the any Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 8.02 or (ii) any Bank has demanded compensation under Section 7.038.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to such Bank through the BankAgent, have elected that the provisions of this Section shall apply to the such Bank, then, unless and until the such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the such Bank as Euro-Dollar Loans shall be made instead as Base Rate LoansLoans (in all cases interest and principal on such Loans shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loan Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the any Bank, the Borrower shall remain liable for, and shall pay to the such Bank as provided herein, all amounts due the such Bank under Section 7.03 8.03 in respect of the period preceding the date of conversion of the such Bank's Loans resulting from the Borrower's election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the i)the obligation of the Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 or (ii) any Bank has demanded compensation under Section 7.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to the Bank, have elected that the provisions of this Section shall apply to the Bank, then, unless and until the Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the Bank as Euro-Dollar Loans shall be made instead as Base Rate Loans, and (b) after each Euro-Dollar Loan has been repaid, all payments of principal which would otherwise be applied to repay Euro-Dollar Loans shall be applied to repay Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the Bank, the Borrower shall remain liable for, and shall pay to the Bank as provided herein, all amounts due the Bank under Section 7.03 in respect of the period preceding the date of conversion of the Loans resulting from the Borrower's election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the obligation of the any Bank to make or maintain Euro-Euro- Dollar Loans has been suspended pursuant to Section 7.02 8.02 or (ii) any Bank has demanded compensation under Section 7.038.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to such Bank through the BankAgent, have elected that the provisions of this Section shall apply to the such Bank, then, unless and until the such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the such Bank as Euro-Dollar Loans shall be made instead as Base Rate LoansLoans (in all cases interest and principal on such Loans shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loan Loans has been repaid, all payments of principal which would otherwise be applied to repay Euro-such Euro- Dollar Loans shall be applied to repay its Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the any Bank, the Borrower shall remain liable for, and shall pay to the such Bank as provided herein, all amounts due the such Bank under Section 7.03 8.03 in respect of the period preceding the date of conversion of the such Bank's Loans resulting from the Borrower's election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the i)the obligation of the any Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 8.02 or (ii) any Bank has demanded compensation under Section 7.038.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to such Bank through the BankAgent, have elected that the provisions of this Section shall apply to the such Bank, then, unless and until the such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the such Bank as Euro-Dollar Loans shall be made instead as Base Rate LoansLoans (in such case interest and principal on such Loans shall be payable contemporaneously with the related Euro-Dollar Loans of the other Banks), and (b) after each of its Euro-Dollar Loan Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the any Bank, the Borrower shall remain liable for, and shall pay to the such Bank as provided herein, all amounts due the such Bank under Section 7.03 8.03 in respect of the period preceding the date of conversion of the such Bank's Loans resulting from the Borrower's election.

Base Rate Loans Substituted for Affected Euro-Dollar Loans. If (i) the i)the obligation of the Bank to make or maintain Euro-Dollar Loans has been suspended pursuant to Section 7.02 7.02, or (ii) any Bank has demanded compensation under Section 7.038.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days' prior notice to the Bank, have elected that the provisions of this Section shall apply to the Bank, then, unless and until the Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply: (a) all Loans which would otherwise be made by the Bank as Euro-Dollar Loans shall be made instead as Base Rate Loans, and (b) after each of its Euro-Dollar Loan Loans has been repaid, all payments of principal which would otherwise be applied to repay such Euro-Dollar Loans shall be applied to repay its Base Rate Loans instead. In the event that the Borrower shall elect that the provisions of this Section shall apply to the Bank, the Borrower shall remain liable for, and shall pay to the Bank as provided herein, all amounts due the Bank under Section 7.03 in respect of the period preceding the date of conversion of the Bank's Loans resulting from the Borrower's election.