Common use of Certain Continuations and Conversions Clause in Contracts

Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Committed Loan, a Term SOFR Rate Loan and a TIIE Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Committed Loan, Term SOFR Rate Loan or TIIE Rate Loan, as applicable. During the existence of an Event of Default, the U.S. Required Lenders may, at their option, by notice to the U.S. Borrowers (which notice may be revoked at the option of the U.S. Required Lenders notwithstanding any provision of Section 14.1) declare that (a) no U.S. Loans denominated in Dollars may be requested as, converted to or continued as a Term SOFR Rate Loan and (b) no U.S. Loans denominated in an Alternative Currency may be requested or continued as Eurocurrency Rate Committed Loans or TIIE Rate Loans, other than as Eurocurrency Rate Committed Loans or TIIE Rate Loans, as applicable, with an Interest Period of one month or 28 days, as applicable.

Certain Continuations and Conversions. Except as otherwise provided herein, a Eurocurrency Rate Committed Loan, a Term SOFR TIIE Rate Loan and a TIIE CDOR Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency Rate Committed Loan, Term SOFR TIIE Rate Loan or TIIE CDOR Rate Loan, as applicable. During the existence of an Event of a Default, the U.S. Required Lenders may, at their option, by notice to the U.S. Borrowers (which notice may be revoked at the option of the U.S. Required Lenders notwithstanding any provision of Section 14.1) declare that (a) no U.S. Loans denominated in Dollars may be requested as, converted to or continued as a Term SOFR Eurocurrency Rate Loan Committed Loans, and (b) no U.S. Loans denominated in an Alternative Currency may be requested or continued as Eurocurrency Rate Committed Loans, TIIE Rate Loans or TIIE CDOR Rate Loans, other than as Eurocurrency Rate Committed Loans, TIIE Rate Loans or TIIE CDOR Rate Loans, as applicable, with an Interest Period of one month or 28 days, as applicable.