Concerning Interest Periods. (a) No Interest Period in respect of a Eurodollar Advance under a Loan shall end after the Maturity Date of such Loan.
(b) With respect to Eurodollar Advances, any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month.
(c) If an Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day, unless, in the case of an Interest Period, the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Business Day.
(d) If the Borrower shall have failed timely to elect a Eurodollar Advance under paragraph 2.3 or 2.7, as the case may be, in connection with any borrowing of, conversion to, or continuation of, a Eurodollar Advance, such borrowing or such Advance requested to be converted to, or continued as, a Eurodollar Advance shall thereafter be a Federal Fund Advance until such time, if any, as the Borrower shall elect a new Eurodollar Advance pursuant to paragraph 2.7.
(e) The Borrower shall not be permitted to have more than five Eurodollar Advances outstanding at any one time.
Concerning Interest Periods. 17 3.5. Funding Loss....................................17 3.6. Increased Costs; Illegality, etc................18 3.7. Taxes...........................................19 3.8. Mitigation; Replacement Lenders.................20 3.9. Register........................................21 4.
Concerning Interest Periods. (a) No Interest Period shall end after the Maturity Date.
(b) Any Interest Period that begins on the last Euro Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Euro Business Day of a calendar month,
(c) If an Interest Period would otherwise end on a day which is not a Euro Business Day, such Interest Period shall be extended to the next succeeding Euro Business Day unless (i) such next succeeding Euro Business Day would be a date on or after the Maturity Date, in which event such Interest Period shall end on the next preceding Euro Business Day, or (ii) the result of such extension would be to carry such Interest Period into another calendar month, in which event such Interest Period shall end on the immediately preceding Euro Business Day,
(d) If the Borrower shall have failed, for any reason, to elect a Eurodollar Advance or Alternate Currency Loan, as the case may be, under Sections 2.2 or 3.3, as the case may be, in connection with any borrowing of new Revolving Loans or expiration of an Interest Period with respect to any existing Eurodollar Advance or Alternate Currency Loan, as the case may be, the amount of the Revolving Loans subject to such borrowing or such existing Eurodollar Advance or Alternate Currency Loan, as the case may be, shall, except as otherwise provided in Section 3.6(c), thereafter be (i) in the case of a Eurodollar Advance, an ABR Advance, and (ii) in the case of an Alternate Currency Loan, a new Alternate Currency Loan in the same applicable Currency with a one month Interest Period, in each case until such time, if any, as the Borrower shall elect a new Eurodollar Advance or Alternate Currency Loan, as the case may be, pursuant to Section 3.3.
(e) At no time shall the aggregate outstanding number (whether as a result of borrowings or conversions), of (i) all Eurodollar Advances exceed eight, and (ii) all Alternate Currency Loans exceed five.
(f) Notwithstanding anything herein to the contrary, during the Syndication Period, the Borrower may only select Interest Periods of not greater than one month all of which shall commence on the same date and end on the same date.
Concerning Interest Periods. 41 SECTION 3.5
Concerning Interest Periods. Notwithstanding any other provision of any Loan Document:
(a) If the Borrower shall have failed to elect a Eurodollar Advance under Section 2.3 or 3.3, as the case may be, in connection with any borrowing of new Loans or expiration of an Interest Period with respect to any existing Eurodollar Advance, the amount of the Loans subject to such borrowing or such existing Eurodollar Advance shall thereafter be an ABR Advance until such time, if any, as the Borrower shall elect a new Eurodollar Advance pursuant to Section 3.3.
(b) (i) No Interest Period selected in respect of the conversion of any Eurodollar Advance comprising a Loan shall end after the Maturity Date.
(c) The Borrower shall select Interest Periods such that, on each date that a mandatory scheduled reduction in the Aggregate Commitment Amount is required to be made pursuant to Section 2.4(f), the outstanding principal balance of all ABR Advances comprising all or a portion of the Loans, when added to the aggregate principal balance of each Eurodollar Advance comprising all or a portion of the Loans, the applicable Interest Period of which shall end on or before such date, shall equal or exceed the aggregate amount of the reduction required to be made on such date.
(d) The Borrower shall not be permitted to have more than ten Eurodollar Advances outstanding at any one time, it being agreed that each borrowing of a Eurodollar Advance pursuant to a single Borrowing Request shall constitute the making of one Eurodollar Advance for the purpose of calculating such limitation.
Concerning Interest Periods. No Interest Period for Loans may be selected by the Company if such Interest Period ends after the Final Maturity Date. If any Interest Period would otherwise end on a day which is not a Business Day for Base Rate, Eurocurrency Rate or Competitive Bid Rate purposes, as applicable, that Interest Period, shall end on the Business Day next preceding or next succeeding such day determined by the Agent in accordance with its usual practices. Any Interest Period relating to any Eurocurrency Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month.
Concerning Interest Periods. Notwithstanding any other provision of any Loan Document:
(a) No Interest Period selected in respect of the conversion of any Eurodollar Advance or any Swing Line Loan shall end after the Maturity Date.
(b) The Borrower shall not be permitted to have more than an aggregate of ten Eurodollar Advances and Alternate Currency Euro Advances outstanding at any one time, it being agreed that each borrowing of a Eurodollar Advance or an Alternate Currency Euro Advance, as the case may be, pursuant to a single Borrowing Request shall constitute the making of one Eurodollar Advance for the purpose of calculating such limitation.
(c) Notwithstanding anything herein to the contrary, during the Syndication Period, (i) the Borrower may only select Interest Periods of either seven days or one month and (ii) such Interest Periods shall end, if not sooner, on the last day of each calendar month and on the last day of the Syndication Period.
Concerning Interest Periods. Notwithstanding any other provision of any Loan Document:
(a) If the applicable Borrower shall have failed to elect a Eurodollar Advance under Section 2.3 or 3.3, as the case may be, in connection with any borrowing of new Loans or expiration of an Interest Period with respect to any existing Eurodollar Advance, the amount of the Loans subject to such borrowing or such existing Eurodollar Advance shall thereafter be a Eurodollar Advance for one or more Interest Periods of one month until such time, if any, as a new Eurodollar Advance shall have been elected pursuant to Section 3.3.
(b) No Interest Period selected in respect of the borrowing or conversion of any Eurodollar Advance shall end after the Parent Maturity Date in the case of the Parent Facility or the GP Canada Maturity Date in the case of the GP Canada Facility.
(c) The Borrowers shall not be permitted to have more than twenty Eurodollar Advances outstanding at any one time, it being agreed that each borrowing of a Eurodollar Advance pursuant to a single Borrowing Request shall constitute the making of one Eurodollar Advance for the purpose of calculating such limitation.
Concerning Interest Periods. (a) NO INTEREST PERIOD IN RESPECT OF A EURODOLLAR ADVANCE SHALL END AFTER THE COMMITMENT TERMINATION DATE.
(b) WITH RESPECT TO EURODOLLAR ADVANCES, ANY INTEREST PERIOD WHICH BEGINS ON THE LAST BUSINESS DAY OF A CALENDAR MONTH (OR ON A DAY FOR WHICH THERE IS NO NUMERICALLY CORRESPONDING DAY IN THE CALENDAR MONTH AT THE END OF SUCH INTEREST PERIOD) SHALL END ON THE LAST BUSINESS DAY OF A CALENDAR MONTH.
(c) IF AN INTEREST PERIOD WOULD OTHERWISE END ON A DAY WHICH IS NOT A BUSINESS DAY, SUCH INTEREST PERIOD SHALL BE EXTENDED TO THE NEXT SUCCEEDING BUSINESS DAY, UNLESS, IN THE CASE OF A INTEREST PERIOD, THE RESULT OF SUCH EXTENSION WOULD BE TO CARRY SUCH INTEREST PERIOD INTO ANOTHER CALENDAR MONTH, IN WHICH EVENT SUCH INTEREST PERIOD SHALL END ON THE IMMEDIATELY PRECEDING BUSINESS DAY.
(d) IF THE BORROWER SHALL HAVE FAILED TO TIMELY ELECT A EURODOLLAR ADVANCE UNDER SECTION 2.2 OR 3.3, AS THE CASE MAY BE, IN CONNECTION WITH ANY BORROWING OF, CONVERSION TO, OR CONTINUATION OF, A EURODOLLAR ADVANCE, SUCH BORROWING OR SUCH ADVANCE REQUESTED TO BE CONVERTED TO, OR CONTINUED AS, A EURODOLLAR ADVANCE SHALL THEREAFTER BE AN ABR ADVANCE UNTIL SUCH TIME, IF ANY, AS THE BORROWER SHALL ELECT A NEW EURODOLLAR ADVANCE PURSUANT TO SECTION 3.3.
(e) THE BORROWER SHALL NOT BE PERMITTED TO HAVE MORE THAN EIGHT EURODOLLAR ADVANCES OUTSTANDING AT ANY ONE TIME, IT BEING AGREED THAT EACH BORROWING OF A EURODOLLAR ADVANCE PURSUANT TO A SINGLE CREDIT REQUEST SHALL CONSTITUTE THE MAKING OF ONE EURODOLLAR ADVANCE FOR THE PURPOSE OF CALCULATING SUCH LIMITATION.
Concerning Interest Periods. 18 Section 3.3. Interest on Overdue Amounts .............................. 19 Section 3.4. Payments ................................................. 19 Section 3.5. Computations ............................................. 19 Section 3.6. Commitment Fee ........................................... 19 Section 3.7.
