Common use of Certain Mandatory Conversions Clause in Contracts

Certain Mandatory Conversions. (i) Upon the occurrence and during the continuance of any Event of Default, (x) each Eurocurrency Loan will automatically, on the last day of the then current Interest Period therefor, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, Eurocurrency Loans shall be suspended. (ii) If this Agreement shall require that any Eurocurrency Loan be Converted to an ABR Loan and such Eurocurrency Loan is denominated in an Alternate Currency, the Borrowers jointly and severally shall on the last day of the current Interest Period pay or prepay the full amount of such Eurocurrency Loan (provided, that the foregoing shall not prevent the Borrower from borrowing additional Loans to the extent otherwise permitted hereunder).

Certain Mandatory Conversions. (i) Upon the occurrence and during the continuance of any Event of Default, (x) each Eurocurrency Loan will automatically, on the last day of the then current Interest Period therefor, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, Eurocurrency Loans shall be suspended. (ii) If this Agreement shall require that any Eurocurrency Loan be Converted to an ABR Loan and such Eurocurrency Loan is denominated in an Alternate Currency, the Borrowers jointly and severally Borrower shall on the last day of the current Interest Period pay or prepay the full amount of such Eurocurrency Loan (provided, that the foregoing shall not prevent the Borrower from borrowing additional Loans to the extent otherwise permitted hereunder).

Certain Mandatory Conversions. (i) Upon the occurrence and during the continuance of any Event of Default, (x) each SOFR Loan or Eurocurrency Loan will automatically, on the last day of the then current Interest Period therefortherefore, be Converted into an ABR Loan and (y) the obligation of the Lenders to make or Continue, or to Convert Loans into, SOFR Loans or Eurocurrency Loans Loans, as applicable, shall be suspended. (ii) If this Agreement shall require that any Eurocurrency Loan denominated in an Alternate Currency be Converted to an ABR Loan and such Eurocurrency Loan is denominated in an Alternate CurrencyLoan, the Borrowers jointly and severally Borrower of such Loan shall on the last day of the current Interest Period pay or prepay the full amount of such Eurocurrency Loan (provided, provided that the foregoing shall not prevent the any Borrower from borrowing additional Loans to the extent otherwise permitted hereunder).