Common use of Continuation Options Clause in Contracts

Continuation Options. Subject to the provisions made in this SECTION 2.02(d), the Borrower may elect to continue all or any part of any LIBOR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in SECTION 2.02(c) to the Administrative Agent (which shall promptly notify the Lenders) of such election, specifying the amount of such Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such LIBOR Loan to a Base Rate Loan pursuant to SECTION 2.02(e). All or any part of any LIBOR Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Loan as continued for an applicable Interest Period) in amounts of at least Five Hundred Thousand Dollars ($500,000) or any whole multiple of Two Hundred Fifty Thousand Dollars ($250,000) in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, each LIBOR Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this SECTION Section 2.02(d), the Borrower may elect to continue all or any part of any LIBOR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in SECTION Section 2.02(c) to the Administrative Agent (which shall promptly notify the Lenders) of such election, specifying the amount of such Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such LIBOR Loan to a Base Rate Loan pursuant to SECTION Section 2.02(e). All or any part of any LIBOR Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Loan as continued for an applicable Interest Period) in amounts of at least Five Hundred Thousand Dollars ($500,000) or any whole multiple of Two Hundred Fifty Thousand Dollars ($250,000) in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, each LIBOR Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this SECTION Section 2.02(d), the Borrower may elect to continue all or any part of any LIBOR Revolving SOFR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in SECTION Section 2.02(c) to the Administrative Agent (which shall promptly notify the Revolving Lenders) of such election, specifying the amount of such Revolving SOFR Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such LIBOR Revolving SOFR Loan to a Revolving Base Rate Loan pursuant to SECTION Section 2.02(e). All or any part of any LIBOR Revolving SOFR Loan may be continued as provided herein, ; provided that (i) any continuation of any such Revolving SOFR Loan (or any part thereof) shall be (as to each Loan as continued for an applicable Interest Period) in amounts of at least Five Hundred Thousand Dollars ($500,000) 2,500,000 or any whole multiple of Two Hundred Fifty Thousand Dollars ($250,000) 500,000 in excess thereof and (ii) no Event of Default shall have occurred and be continuing. If a an Event of Default shall have occurred and be continuing, each LIBOR Revolving SOFR Loan shall be converted to a Revolving Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this SECTION Section 2.02(d), the Borrower may elect to continue all or any part of any LIBOR Eurodollar Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in SECTION Section 2.02(c) to the Administrative Agent (which shall promptly notify the Lenders) of such election, specifying the amount of such Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such LIBOR Eurodollar Loan to a Base Rate Loan pursuant to SECTION Section 2.02(e)) on the last day of the then expiring Interest Period. All or any part of any LIBOR Eurodollar Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Loan as continued for an applicable Interest interest Period) in amounts of at least Five Hundred Thousand Dollars ($500,000) 1,000,000 or any whole multiple of Two Hundred Fifty Thousand Dollars ($250,000) 1,000,000 in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, each LIBOR Eurodollar Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this SECTION 2.02(d2.02(D), the Borrower may elect to continue all or any part of any LIBOR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in SECTION 2.02(c2.02(C) to the Administrative Agent (which shall promptly notify the Lenders) of such election, specifying the amount of such Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such LIBOR Loan to a Base Rate Loan pursuant to SECTION 2.02(e2.02(E). All or any part of any LIBOR Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Loan as continued for an applicable Interest Period) in amounts of at least Five Hundred Thousand Three Million Dollars ($500,0003,000,000) or any whole multiple of Two Hundred Fifty Thousand One Million Dollars ($250,0001,000,000) in excess thereof and (ii) no Default shall have occurred and be continuing. If a Default shall have occurred and be continuing, each LIBOR Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto.