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

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any Bank to make LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans and the Borrower shall, by at least five LIBOR Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until 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 such Bank as LIBOR Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such LIBOR Loans shall be applied to repay its Base Rate Loans instead.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any Bank to make LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 Sections 12.1 or 12.2 or (ii) any Bank has demanded compensation from the Borrower under Section 8.03 Sections 12.3 or 8.04 12.4 with respect to its LIBOR Loans and the Borrower shall, by at least five (5) LIBOR Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer applyexist: (a) all Loans which would otherwise be made by such Bank as LIBOR Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such LIBOR Loans shall be applied to repay its Base Rate Loans instead.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any the Bank to make or maintain LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 2.17 or (ii) any the Bank has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans 2.18, and the Borrower shall, by at least five LIBOR (5) Business Days' ’ prior notice to such Bank through the AgentBank, have elected that the provisions of this Section shall apply to such the Bank, then, unless and until such 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 such Bank as then outstanding LIBOR Loans shall be made instead as converted into Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such the LIBOR Loans shall be applied to repay its Base Rate Loans instead. At the end of any such suspension period, the Bank shall promptly notify Borrower of the end of the suspension period, and Borrower shall be allowed, in its sole discretion, to reconvert the then outstanding principal amount of the Base Rate Loans to LIBOR Loans.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any Bank Lender to make LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 or (ii) any Bank Lender has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans 8.03(a) and the Borrower shall, by at least five LIBOR Business Days' ’ prior notice to such Bank Lender through the Administrative Agent, have elected that the provisions of this Section shall apply to such BankLender, then, unless and until such Bank Lender 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 such Bank Lender as LIBOR Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other BanksLenders), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such LIBOR Loans shall be applied to repay its Base Rate Loans instead.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any Bank to make continue its Loan as a LIBOR Loans to the Borrower Loan has been suspended pursuant to Section 8.02 Sections 8.1 or 8.2 or (ii) any Bank has demanded compensation from the Borrower under Section 8.03 8.3 or 8.04 8.4 with respect to its LIBOR Loans Loan and the Borrower shall, by at least five LIBOR Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section 8.5 shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer applyexist: (a) all Loans any Loan which would otherwise be made continued by such Bank as a LIBOR Loans Loan shall be made continued instead as a Base Rate Loans Loan (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such LIBOR Loans Loan shall be applied to repay its Base Rate Loans Loan instead, and (c) Borrower will not be required to make any payment which would otherwise be required by Section 2.11 with respect to such LIBOR Loan converted to a Base Rate Loan pursuant to clause (a) above.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any the Bank to make or maintain LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 2.10 or (ii) any the Bank has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans 2.11, and the Borrower shall, by at least five LIBOR (5) Business Days' ’ prior notice to such Bank through the AgentBank, have elected that the provisions of this Section shall apply to such the Bank, then, unless and until such 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 such Bank as then outstanding LIBOR Loans shall be made instead as converted into Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such the LIBOR Loans shall be applied to repay its Base Rate Loans instead. At the end of any such suspension period, the Bank shall promptly notify Borrower of the end of the suspension period, and Borrower shall be allowed, in its sole discretion, to reconvert the then outstanding principal amount of the Base Rate Loans to LIBOR Loans.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any Bank to make LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans and the Borrower shall, by at least five LIBOR Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until 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 such Bank as LIBOR Loans shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such LIBOR Loans shall be applied to repay its Base Rate Loans instead.

Base Rate Loans Substituted for Affected LIBOR Loans. If (i) the obligation of any the Bank to make or maintain LIBOR Loans to the Borrower has been suspended pursuant to Section 8.02 2.11 or (ii) any the Bank has demanded compensation from the Borrower under Section 8.03 or 8.04 with respect to its LIBOR Loans 2.12, and the Borrower shall, by at least five LIBOR (5) Business Days' ’ prior notice to such Bank through the AgentBank, have elected that the provisions of this Section shall apply to such the Bank, then, unless and until such 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 such Bank as then outstanding LIBOR Loans shall be made instead as converted into Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related LIBOR Loans of the other Banks), and (b) after each of its LIBOR Loans has been repaid, all payments of principal which would otherwise be applied to repay such the LIBOR Loans shall be applied to repay its Base Rate Loans instead. At the end of any such suspension period, the Bank shall promptly notify Borrower of the end of the suspension period, and Borrower shall be allowed, in its sole discretion, to reconvert the then outstanding principal amount of the Base Rate Loans to LIBOR Loans.