Common use of Conversion to Base Rate Clause in Contracts

Conversion to Base Rate. Unless Xxxxxx shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 that LIBO Rate apply to the one, two or three month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Margin until such time as Xxxxxx elects to request a new LIBO Rate Loan for a subsequent Interest Period.

Conversion to Base Rate. Unless Xxxxxx the Borrowers shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 2.10 that LIBO Rate apply to the one, two two, three or three six-month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Applicable Margin until such time as Xxxxxx elects the Borrowers elect to request a new LIBO Rate Loan for a subsequent Interest Period.

Conversion to Base Rate. Unless Xxxxxx the Borrower shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 2.10 that LIBO Rate apply to the one, two two, three or three six-month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Applicable Margin until such time as Xxxxxx the Borrower elects to request a new LIBO Rate Loan for a subsequent Interest Period.