Common use of Continuation Options Clause in Contracts

Continuation Options. With respect to Committed Loans and subject to the provisions made in this Section 2.02(d), the Company on behalf of an Obligor may elect to continue all or any part of any Borrowing of Eurodollar Loans 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 Company on behalf of an Obligor shall be deemed to have elected to convert such Eurodollar Loan to a Base Rate Loan pursuant to Section 2.02(e). All or any part of any Eurodollar Loan may be continued as provided herein, provided that (i) any continuation of any such Loan shall be (as to each Borrowing as continued for an applicable Interest Period) in amounts of at least $10,000,000 or any whole multiple of $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 Eurodollar Loan shall be converted to a Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. With respect to Committed Loans and subject Subject to the provisions made in this Section 2.02(d), the Company on behalf of an Obligor Borrower may elect to continue all or any part of any Borrowing of Tranche B Eurodollar Loans 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 Tranche B Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Company on behalf of an Obligor Borrower shall be deemed to have elected to convert such Tranche B Eurodollar Loan to a Tranche B Base Rate Loan pursuant to Section 2.02(e). All or any part of any Tranche B Eurodollar Loan may be continued as provided herein, provided that (i) any continuation of any such Tranche B Loan shall be (as to each Borrowing Tranche B Loan as continued for an applicable Interest Period) in amounts of at least $10,000,000 1,000,000 or any whole multiple of $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 Tranche B Eurodollar Loan shall be converted to a Tranche B Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. With respect to Committed Loans and subject Subject to the provisions made in this Section 2.02(d), the Company on behalf of an Obligor Borrower may elect to continue all or any part of any Borrowing of Tranche A Eurodollar Loans 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 Tranche A Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Company on behalf of an Obligor Borrower shall be deemed to have elected to convert such Tranche A Eurodollar Loan to a Tranche A Base Rate Loan pursuant to Section 2.02(e). All or any part of any Tranche A Eurodollar Loan may be continued as provided herein, provided that (i) any continuation of any such Tranche A Loan shall be (as to each Borrowing Tranche A Loan as continued for an applicable Interest Period) in amounts of at least $10,000,000 1,000,000 or any whole multiple of $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 Tranche A Eurodollar Loan shall be converted to a Tranche A Base Rate Loan on the last day of the Interest Period applicable thereto.