Common use of Failure to Elect; Events of Default Clause in Contracts

Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing having an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, then, so long as an Event of Default is continuing, no newly incurred Eurocurrency Borrowing may have an Interest Period of more than one month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders).

Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period thereforapplicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing Borrower shall be converted deemed to a Eurocurrency Borrowing having have selected an Interest Period of one month’s duration. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuingcontinuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing, no newly incurred outstanding Eurocurrency Borrowing may have an Interest Period of more than one month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders)duration.

Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing having an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuingcontinuing and the Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing, continuing no newly incurred outstanding Eurocurrency Borrowing may have an Interest Period of more than one month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders)duration. Section 2.08.

Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing having an Interest Period of one monththree months. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuingcontinuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing, continuing no newly incurred outstanding Eurocurrency Borrowing may have an Interest Period of more than one three month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders)duration.

Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing of the same Class having an Interest Period of one month. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuingcontinuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing, continuing no newly incurred outstanding Eurocurrency Borrowing may have an Interest Period of more than one month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders)duration.

Failure to Elect; Events of Default. If the respective Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing having an Interest Period of one monthABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuingcontinuing and the Administrative Agent at the request of the Required Synthetic LC Lenders so notifies such Borrower, then, so long as an Event of Default is continuing, continuing no newly incurred outstanding Eurocurrency Borrowing may have an Interest Period of more than one month’s duration unless otherwise consented to by the Administrative Agent (after consultation with the Required Lenders)duration.