Common use of Base Rate Loans Substituted for Affected LIBOR Loans Clause in Contracts

Base Rate Loans Substituted for Affected LIBOR Loans. If notice has been given by Lender pursuant to Sections 2.11 or 2.12 requiring LIBOR Loans to be repaid or converted to Base Rate Loans, then, unless and until Lender notifies Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the Loans that would otherwise be made by Lender to Borrower as LIBOR Loans shall be made instead as Base Rate Loans. Lender shall promptly notify Borrower if and when the circumstances giving rise to such repayment no longer apply.

Base Rate Loans Substituted for Affected LIBOR Loans. If notice has been given by Lender a Bank pursuant to Sections 2.11 Section 5.7 or 2.12 5.8 or by Borrower pursuant to Section 5.9(b) requiring LIBOR Loans of any Bank to be repaid or converted to Base Rate Loansrepaid, then, unless and until Lender such Bank notifies Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the all Loans that which would otherwise be made by Lender such Bank to Borrower as LIBOR Loans shall be made instead as Base Rate Loans. Lender Such Bank shall promptly notify Borrower if and when the circumstances giving rise to such repayment no longer apply.

Base Rate Loans Substituted for Affected LIBOR Loans. If notice has been given by Lender a Bank pursuant to Sections 2.11 or 2.12 requiring LIBOR Loans of any Bank to be repaid or converted to Base Rate Loansrepaid, then, unless and until Lender such Bank notifies Borrower the Administrative Agent and the Borrowers that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the all Loans that which would otherwise be made by Lender such Bank to any Borrower as LIBOR Loans shall be made instead as Base Rate Loans. Lender Such Bank shall promptly notify Borrower the Administrative Agent and the Borrowers if and when the circumstances giving rise to such repayment no longer apply.

Base Rate Loans Substituted for Affected LIBOR Loans. If notice has been given by Lender a Bank pursuant to Sections 2.11 Section 7.7 or 2.12 7.8 or by Borrower pursuant to Section 7.9(b) requiring LIBOR Loans of any Bank to be repaid or converted to Base Rate Loansrepaid, then, unless and until Lender such Bank notifies Borrower that the circumstances giving rise to such repayment or conversion no longer apply, any portion of the all Loans that which would otherwise be made by Lender such Bank to Borrower as LIBOR Loans shall be made instead as Base Rate Loans. Lender Such Bank shall promptly notify Borrower if and when the circumstances giving rise to such repayment no longer apply.