Common use of Borrower’s Failure to Notify; Automatic Continuations and Conversions Clause in Contracts

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a) hereof. If the Borrower fails to give notice pursuant to Section 1.5(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurocurrency Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof, such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) month.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a) hereof. If the Borrower fails to give notice pursuant to Section 1.5(a) hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurocurrency Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof, such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) monthLoans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of a Base Rate Loans Loan shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period as a Base Rate Loan unless (x) the Borrower has notified the Administrative Agent within the period required by Section 1.5(a2.4(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 7.4 hereof, into a Borrowing of Eurocurrency SOFR Loans denominated in U.S. Dollars or (y) such Borrowing is prepaid in accordance with Section 1.8(a2.7. With respect to any outstanding Borrowing of SOFR Loans, if (x) hereof. If the Borrower fails to give notice pursuant to Section 1.5(a2.4(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency SOFR Loans before the last day of its then then-current Interest Period within the period required by Section 1.5(a2.4(a) hereof orthe Borrower shall be deemed to have elected to continue such SOFR Loans as SOFR Loans with an Interest Period of one (1) month, whether or not such notice has been given, one or more (y) there exists and is continuing an Event of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurocurrency Loans would not be satisfied, Default and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof2.7, such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an at the expiration of the then-current Interest Period of one (1) monthPeriod.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a1.6(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 6.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a) hereof1.9(a). If the Borrower fails to give notice pursuant to Section 1.5(a1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a1.6(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 6.1 for the continuation or conversion of a Borrowing of Eurocurrency Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof1.9(a), such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) monthLoans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a) hereof). If the Borrower fails to give notice pursuant to Section 1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurocurrency Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof), such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) monthLoans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a) hereof). If the Borrower fails to give notice pursuant to Section 1.5(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurocurrency Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof), such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated Loans. If no Interest Period is specified in an Alternative Currencyany such notice with respect to any conversion to or continuation of a Eurodollar Loan, such Eurocurrency Loans the Borrower shall be continued as Eurocurrency Loans in their original currency with deemed to have selected an Interest Period of one (1) month’s duration.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a1.6(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 7.2 hereof, into a Borrowing of Eurocurrency Eurodollar Loans denominated in U.S. Dollars or, with respect to a Borrowing of Term B Loans, Fixed Rate Loans or such Borrowing is prepaid in accordance with Section 1.8(a) hereof1.9(a). If the Borrower fails to give notice pursuant to Section 1.5(a1.6(a) hereof above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurocurrency Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a1.6(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 7.2 for the continuation or conversion of a Borrowing of Eurocurrency Eurodollar Loans would not be satisfiedsatisfied (unless such conditions have been waived in accordance with the terms of this Agreement), and such Borrowing is not prepaid in accordance with Section 1.8(a) hereof1.9(a), such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate Loans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) monthLoans.