Common use of Continuation of Type of Revolving Credit Loan Clause in Contracts

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers with the notice provisions contained in § 2.4.1; provided that no Eurodollar Rate Loan or Canadian Eurodollar Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ account have actual knowledge and (b) in the case of any Canadian Eurodollar Rate Loan shall be repaid by the Borrowers on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Default. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Eurodollar Rate Loan as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Canadian Eurodollar Rate Loan as such, then such existing Canadian Eurodollar Rate Loan shall be automatically continued on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Period. The Administrative Agent shall notify the Lenders promptly when any such automatic conversion or continuation contemplated by this § 2.4 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Parent's account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in the case of any Canadian Eurodollar Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers applicable Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail a Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchAdvances denominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers Borrower with the notice provisions contained in § 2.4.1Section 2.7.1; provided that as to any Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Borrower's account have actual knowledge and (b) in the case of any Canadian Eurodollar Rate Loan shall be repaid by the Borrowers on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultknowledge. In the event that the Borrowers fail Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Euros or Dutch guilders, such Eurodollar Eurocurrency Rate Loans shall be automatically continued as such on the last day of the first Interest Period relating thereto for a one (1) month Interest Period; (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (c) as to provide Eurocurrency Rate Loans denominated in any other Optional Currency, such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as such, then such existing Canadian Eurodollar Rate Loan Loans shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Borrower's account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in an Optional Currency, no such Eurocurrency Rate may be continued as such when any Default or Event of Default has occurred or is continuing or the case provisions of any Canadian Eurodollar Rate Loan ss.2.9 hereof have not or cannot be met at the time of such continuation but shall be repaid by the Borrowers Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any Eurocurrency Rate Loans denominated in an Optional Currency, such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as such, then such existing Canadian Eurodollar Rate Loan Loans shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Parent's account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in the case of any Canadian Eurodollar Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers applicable Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail a Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchAdvances denominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers Borrower with the notice provisions contained in § 2.4.1§2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Borrower’s account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in an Optional Currency, no such Eurocurrency Rate may be continued as such when any Default or Event of Default has occurred or is continuing or the case provisions of any Canadian Eurodollar Rate Loan §2.9 hereof have not or cannot be met at the time of such continuation but shall be repaid by the Borrowers Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any Eurocurrency Rate Loans denominated in an Optional Currency, such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as such, then such existing Canadian Eurodollar Rate Loan Loans shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 §2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by 37 compliance by the Borrowers Borrower with the notice provisions contained in § 2.4.1Section 2.9.1; provided that no Eurodollar (a) as to any Eurocurrency Rate Loan or Canadian Eurodollar denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Borrower's account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing or the provisions of Section 2.11 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in an Optional Currency, such Eurodollar Eurocurrency Rate Loans shall be automatically continued as such on the last day of the first Interest Period relating thereto for a one (1) month Interest Period, and (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Canadian Eurodollar Rate Loan as such, then such existing Canadian Eurodollar Rate Loan shall be automatically continued on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Period. The Administrative Agent shall notify the Lenders promptly when any such automatic conversion or continuation contemplated by this § 2.4 Section 2.9 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that no Eurodollar (a) as to any Eurocurrency Rate Loan Loans denominated in Dollars or Canadian Eurodollar Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan in the applicable currency on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Company's account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when a Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers relevant Subsidiary Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail applicable Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) such Eurodollar Eurocurrency Rate Loan denominated in Dollars or Canadian Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail ; and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchdenominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers Borrower with the notice provisions contained in § 2.4.1Section 2.7.1; provided that no Eurodollar (a) as to any Eurocurrency Rate Loan or Canadian Eurodollar denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Borrower's account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when (i) a Default of Event of Default has occurred or is continuing or (ii) the provisions of Section 2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) such Eurodollar Eurocurrency Rate Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail ; and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchdenominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1Section 2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ applicable Borrower's account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when a Default or Event of Default has occurred or is continuing or the provisions of Section 2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers relevant Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail applicable Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) such Eurodollar Eurocurrency Rate Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the -28- 38 first Interest Period relating thereto. In the event that the Borrowers fail thereto and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchdenominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Revolver Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in the case of any Canadian Eurodollar Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers applicable Revolver Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail a Revolver Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any Eurocurrency Rate Loans denominated in an Optional Currency, such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as such, then such existing Canadian Eurodollar Rate Loan Loans shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that no Eurodollar (a) as to any Eurocurrency Rate Loan or Canadian Eurodollar denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ ' account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in Euros, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing or the provisions of ss.2.10 hereof have not or cannot be met at the time of such continuation but shall be repaid by the Foreign Borrowers on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Default. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Eurodollar Rate Loan as such, then such Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Euros, such existing Canadian Eurodollar Eurocurrency Rate Loan Loans shall be automatically continued as such on the last day of the then current first Interest Period as a new Canadian Eurodollar Rate Loan relating thereto for a one (1-) month Interest Period, and (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers applicable Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Company's account have actual knowledge knowledge; and (b) in the case of as to any Canadian Eurodollar Eurocurrency Rate Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when a Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers relevant Subsidiary Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail applicable Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) such Eurodollar Eurocurrency Rate Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail ; and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchdenominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrowers a Borrower with the notice provisions contained in § 2.4.1ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no Eurodollar Rate Loan or Canadian Eurodollar such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Borrowers’ Parent's account have actual knowledge knowledge; and (b) as to Eurocurrency Rate Loans denominated in the case of any Canadian Eurodollar Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the Borrowers applicable Borrower on the last day of the first Interest Period relating thereto ending during the continuance of such Default or Event of Defaultthereto. In the event that the Borrowers fail a Borrower fails to provide any such notice with respect to the continuation of any Eurodollar Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurodollar Eurocurrency Rate Loan Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail , and (b) as to provide any such notice with respect to the continuation of any Canadian Eurodollar Eurocurrency Rate Loan as suchAdvances denominated in an Optional Currency, then such existing Canadian Eurodollar Rate Loan shall be automatically continued repaid on the last day of the then current Interest Period as a new Canadian Eurodollar Rate Loan for a 1-month Interest Periodrelating thereto. The Administrative Agent shall notify the Lenders Banks promptly when any such automatic conversion or continuation contemplated by this § 2.4 ss.2.7 is scheduled to occur.