Common use of Failure to Convert or Renew Clause in Contracts

Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii) hereof, any part of the As-Offered Rate Portion, the CD Rate Portion or Euro-Rate Portion for which such notice is not received shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period; provided, however, that if any Euro-Rate Portion is in an Other Currency, such portion shall be renewed automatically for one month on the last day of the expiring Funding Period.

Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.05(e) hereof, any part of the As-Offered Rate Portion, the CD Rate Portion or Euro-Rate EuroRate Portion of the Loans for which such notice is not received automatically shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period; provided, however, that if any Euro-. Any part of the Base Rate Portion of the Loans which is in an Other Currency, such portion outstanding on the applicable Funding Period Maturity Date shall be renewed automatically for one month under the Base Rate Option on the last day of the expiring Funding Period.

Failure to Convert or Renew. Absent due notice from the a Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.05(e) hereof, any part of the As-Offered Rate Portion, the CD Rate Portion or Euro-Rate Portion of the Loans for which such notice is not received automatically shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period; provided, however, that if any Euro-. Any part of the Base Rate Portion of the Loans which is in an Other Currency, such portion outstanding on the applicable Funding Period Maturity Date shall be renewed automatically for one month under the Base Rate Option on the last day of the expiring Funding Period.

Failure to Convert or Renew. Absent due notice from the Borrower of conversion or renewal in the circumstances described in Section 2.05(a)(ii2.05(e) hereof, any part of the As-Offered Rate Portion, the CD Rate Portion or the Euro-Rate Portion of the Loans for which such notice is not received automatically shall be converted automatically to the Base Rate Option on the last day of the expiring Funding Period; provided, however, that if any Euro-. Any part of the Base Rate Portion of the Loans which is in an Other Currency, such portion outstanding on the applicable Funding Period Maturity Date shall be renewed automatically for one month under the Base Rate Option on the last day of the expiring Funding Period.