Common use of Continuation of LIBOR Advances Clause in Contracts

Continuation of LIBOR Advances. Borrower shall have the right on two (2) Business Days’ prior irrevocable written notice given to Lender by Borrower (prior to 11:00 A.M. Hartford, Connecticut Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all LIBOR Advances, the LIBOR Advances continued shall each be in a minimum principal amount of $1,000,000 and may increase in integral multiples of $250,000; and (ii) no LIBOR Advance (or portion thereof) may be continued as a LIBOR Advance if a Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower shall have outstanding more than three (3) separate LIBOR Advances in the aggregate. If Borrower shall fail to give timely notice of its election to continue any LIBOR Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Advance or portion thereof, unless such LIBOR Advance shall be repaid, shall automatically be converted into a Base Rate Advance at the end of the Interest Period then in effect with respect to such LIBOR Advance.

Continuation of LIBOR Advances. Borrower Borrowers shall have the right on two (2) Business Days’ ' prior irrevocable written notice given to Lender by Borrower Borrowers (prior to 11:00 A.M. Hartford, Connecticut New York City Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all LIBOR Advances, the LIBOR Advances continued shall each be in a minimum principal amount of $1,000,000 100,000 and may increase in integral multiples of $250,000100,000; and (ii) no LIBOR Advance (or portion thereof) may be continued as a LIBOR Advance if a Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower Borrowers shall have outstanding more than three five (35) separate LIBOR Advances in the aggregate. If Borrower Borrowers shall fail to give timely notice of its their election to continue any LIBOR Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Advance or portion thereof, unless such LIBOR Advance shall be repaid, shall automatically be converted into a Base Rate Advance at the end of the Interest Period then in effect with respect to such LIBOR Advance.

Continuation of LIBOR Advances. The Lead Borrower shall have the right on two (2) Business Days’ prior irrevocable written notice given to Lender Agent by the Lead Borrower (prior to 11:00 A.M. Hartford, Connecticut a.m. Pacific Time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all LIBOR Advances, the LIBOR Advances continued shall each be in a minimum principal amount of $1,000,000 and may increase in integral multiples of $250,000100,000; and (ii) no LIBOR Advance (or portion thereof) may be continued as a LIBOR Advance if a Default or Event of Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower Borrowers shall have outstanding more than three (3) six separate LIBOR Advances in the aggregate. If the Lead Borrower shall fail to give timely notice of its election to continue any LIBOR Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Advance or portion thereof, unless such LIBOR Advance shall be repaid, shall automatically be converted into a Base Rate Advance at the end of the Interest Period then in effect with respect to such LIBOR Advance.

Continuation of LIBOR Advances. Borrower The Borrowers shall have the right on two (2) Business Days’ ' prior irrevocable written notice given to Lender by a Designated Borrower (prior to 11:00 A.M. Hartford, Connecticut Time New York time on such Business Day), subject to the provisions hereofhereof and otherwise substantially complying with the requirements of Exhibit C hereto, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all LIBOR Advances, the LIBOR Advances continued shall each be in a minimum principal amount of $1,000,000 500,000 and may increase in integral multiples of $250,000100,000; and (ii) no LIBOR Advance (or portion thereof) may be continued as a LIBOR Advance if a Default or Event of Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower the Borrowers shall have outstanding more than three (3) separate LIBOR Advances in the aggregate. If a Designated Borrower shall fail to give timely notice of its election to continue any LIBOR Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Advance or portion thereof, unless such LIBOR Advance shall be repaid, shall automatically be converted into a Base Rate Advance at the end of the applicable Interest Period then in effect with respect to such LIBOR AdvancePeriod.

Continuation of LIBOR Advances. Borrower shall have the right on two three (23) Business Days’ ' prior irrevocable written notice given to Lender Agent by Borrower (prior to 11:00 A.M. Hartford, Connecticut Time 2:00 p.m. New York time on such Business Day), subject to the provisions hereof, to continue any LIBOR Advance into a subsequent Interest Period of the same or a different permitted duration, in each case subject to the satisfaction of the following conditions: (i) in the case of a continuation of less than all LIBOR Advances, the LIBOR Advances continued shall each be in a minimum principal amount of $1,000,000 US$2,000,000 and may increase in integral multiples of $250,000US$100,000; and (ii) no LIBOR Advance (or portion thereof) may be continued as a LIBOR Advance if a Default or Event of Default has occurred which is then continuing or if, after giving effect to such continuation, Borrower shall have has outstanding LIBOR Advances with more than three fifteen (315) separate LIBOR Advances in the aggregatedifferent Interest Periods with respect to Revolving Credit Loans (including no more than five (5) different Interest Periods at any one time with respect to Pounds Sterling Denominated Revolving Credit Loans). If Borrower shall fail to give timely notice of its election to continue any LIBOR Advance or portion thereof as provided above, or if such continuation shall not be permitted, such LIBOR Advance or portion thereof, unless such LIBOR Advance shall be repaid, shall automatically be converted into a Base Rate Advance at the end of the Interest Period then in effect with respect to such LIBOR Advance.