Common use of Funding Periods Clause in Contracts

Funding Periods. At any time when the Borrower shall select, convert to or renew the Fixed LIBOR Rate Option to apply to any Loan, the Borrower shall specify one or more periods (the "Funding Periods") during which each such Option shall apply, which Funding Period may be one, two, three or six months ("Fixed LIBOR Rate Funding Period"); PROVIDED, that: (i) Each Fixed LIBOR Rate Funding Period shall begin on a London Business Day, and the term "month", when used in connection with a Fixed LIBOR Funding Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank Fixed LIBOR market at the commencement of such Fixed LIBOR Rate Funding Period, as determined in good faith by the Agent (which determination shall be conclusive if made in good faith, after applying reasonable commercial standards and absent manifest error); (ii) Borrower may not select a Funding Period that would end after the Revolving Credit Maturity Date with respect to the Revolving Credit Loan, Term Loan A Maturity Date, with respect to Term Loan A, or Term Loan B Maturity Date, with respect to Term Loan B; (iii) Borrower shall, in selecting any Funding Period, allow for foreseeable mandatory prepayments of any Loans, if any.

Funding Periods. At any time when the Borrower Parent shall select, convert to or renew the Fixed LIBOR Euro-Rate Option to apply to any Loanpart of the Revolving Credit Loans, the Borrower Parent shall specify one or more periods (the "“Euro-Rate Funding Periods"”) during which each such Option shall apply, which such Euro-Rate Funding Period may be Periods being one, two, three or six months ("Fixed LIBOR Rate Funding Period")months; PROVIDEDprovided, that: that (i) Each Fixed LIBOR each Euro-Rate Funding Period shall begin on a London Business Day, and the term "“month"”, when used in connection with a Fixed LIBOR Funding Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank Fixed LIBOR eurocurrency market at the commencement of such Fixed LIBOR Euro-Rate Funding Period, as determined in good faith by the Administrative Agent (which determination shall be conclusive if made in good faith, after applying reasonable commercial standards conclusive); and absent manifest error); (ii) Borrower the Parent may not select a Euro-Rate Funding Period that would end after the Revolving Credit Maturity Date with respect Date. At any time when the Parent shall select, convert to or renew the CDOR Option to apply to any part of the Revolving Credit LoanLoans, Term Loan A Maturity Datethe Parent shall specify one or more periods (the “CDOR Funding Periods”) during which each such Option shall apply, such CDOR Funding Periods being one, two, three or six months; provided, that (i) each CDOR Funding Period shall begin on a Business Day, and the term “month”, when used in connection with respect to Term Loan A, or Term Loan B Maturity Date, with respect to Term Loan B; (iii) Borrower shall, in selecting any a CDOR Funding Period, allow for foreseeable mandatory prepayments shall be construed in accordance with prevailing practices in the relevant market at the commencement of any Loanssuch CDOR Funding Period, if anyas determined in good faith by the Administrative Agent (which determination shall be conclusive); and (ii) the Parent may not select a CDOR Funding Period that would end after the Revolving Credit Maturity Date. The term “Funding Period” shall mean a CDOR Funding Period or a Euro-Rate Funding Period, as applicable.

Funding Periods. At any time when the Borrower Parent shall select, convert to or renew the Fixed LIBOR Euro-Rate Option to apply to any Loanpart of the Revolving Credit Loans, the Borrower Parent shall specify one or more periods (the "“Euro-Rate Funding Periods"”) during which each such Option shall apply, which such Euro-Rate Funding Period may be Periods being one, two, three or six months ("Fixed LIBOR Rate Funding Period"or, if approved by each Lender, one week); PROVIDED, that: provided that (i) Each Fixed LIBOR each Euro-Rate Funding Period shall begin on a London Business Day, and the term "“month"”, when used in connection with a Fixed LIBOR Funding Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank Fixed LIBOR eurocurrency market at the commencement of such Fixed LIBOR Euro-Rate Funding Period, as determined in good faith by the Administrative Agent (which determination shall be conclusive if made in good faith, after applying reasonable commercial standards conclusive); and absent manifest error); (ii) Borrower the Parent may not select a Euro-Rate Funding Period that would end after the Revolving Credit Maturity Date with respect Date. At any time when the Parent shall select, convert to or renew the CDOR Option to apply to any part of the Revolving Credit LoanLoans, Term Loan A Maturity Datethe Parent shall specify one or more periods (the “CDOR Funding Periods”) during which each such Option shall apply, such CDOR Funding Periods being one, two, three or six months; provided that (i) each CDOR Funding Period shall begin on a Business Day, and the term “month”, when used in connection with respect to Term Loan A, or Term Loan B Maturity Date, with respect to Term Loan B; (iii) Borrower shall, in selecting any a CDOR Funding Period, allow for foreseeable mandatory prepayments shall be construed in accordance with prevailing practices in the relevant market at the commencement of any Loanssuch CDOR Funding Period, if anyas determined in good faith by the Administrative Agent (which determination shall be conclusive); and (ii) the Parent may not select a CDOR Funding Period that would end after the Revolving Credit Maturity Date. The term “Funding Period” shall mean a CDOR Funding Period or a Euro-Rate Funding Period, as applicable.

Funding Periods. At any time when the Borrower Parent shall select, convert to or renew the Fixed LIBOR Euro-Rate Option to apply to any Loanpart of the Revolving Credit Loans, the Borrower Parent shall specify one or more periods (the "“Euro-Rate Funding Periods"”) during which each such Option shall apply, which such Euro-Rate Funding Period may be Periods being one, two, three or six months ("Fixed LIBOR Rate Funding Period")months; PROVIDED, that: provided that (i) Each Fixed LIBOR each Euro-Rate Funding Period shall begin on a London Business Day, and the term "“month"”, when used in connection with a Fixed LIBOR Funding Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank Fixed LIBOR eurocurrency market at the commencement of such Fixed LIBOR Euro-Rate Funding Period, as determined in good faith by the Administrative Agent (which determination shall be conclusive if made in good faith, after applying reasonable commercial standards conclusive); and absent manifest error); (ii) Borrower the Parent may not select a Euro-Rate Funding Period that would end after the Revolving Credit Maturity Date with respect Date. At any time when the Parent shall select, convert to or renew the CDOR Option to apply to any part of the Revolving Credit LoanLoans, Term Loan A Maturity Datethe Parent shall specify one or more periods (the “CDOR Funding Periods”) during which each such Option shall apply, such CDOR Funding Periods being one, two, three or six months; provided that (i) each CDOR Funding Period shall begin on a Business Day, and the term “month”, when used in connection with respect to Term Loan A, or Term Loan B Maturity Date, with respect to Term Loan B; (iii) Borrower shall, in selecting any a CDOR Funding Period, allow for foreseeable mandatory prepayments shall be construed in accordance with prevailing practices in the relevant market at the commencement of any Loanssuch CDOR Funding Period, if anyas determined in good faith by the Administrative Agent (which determination shall be conclusive); and (ii) the Parent may not select a CDOR Funding Period that would end after the Revolving Credit Maturity Date. The term “Funding Period” shall mean a CDOR Funding Period or a Euro-Rate Funding Period, as applicable.

Funding Periods. At any time when the Borrower Parent shall select, convert to or renew the Fixed LIBOR Euro-Rate Option to apply to any Loanpart of the Revolving Credit Loans, the Borrower Parent shall specify one or more periods (the "“Euro-Rate Funding Periods"”) during which each such Option shall apply, which such Euro-Rate Funding Period may be Periods being one, two, three or six months ("Fixed LIBOR Rate Funding Period")months; PROVIDED, that: provided that (i) Each Fixed LIBOR each Euro-Rate Funding Period shall begin on a London Business Day, and the term "“month"”, when used in connection with a Fixed LIBOR Funding Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank Fixed LIBOR eurocurrency market at the commencement of such Fixed LIBOR Euro-Rate Funding Period, as determined in good faith by the Administrative Agent (which determination shall be conclusive if made in good faith, after applying reasonable commercial standards conclusive); and absent manifest error); (ii) Borrower the Parent may not select a Euro-Rate Funding Period that would end after the Revolving Credit Maturity Date with respect Date. At any time when the Parent shall select, convert to or renew the CDOR Option to apply to any part of the Revolving Credit LoanLoans, Term Loan A Maturity Datethe Parent shall specify one or more periods (the “CDOR Funding Periods”) during which each such Option shall apply, with respect to Term Loan Asuch CDOR Funding Periods being one, two, or Term Loan B Maturity Datethree or six months; provided that (i) each CDOR Funding Period shall begin on a Business Day, and the term “month”, when used in connection with respect to Term Loan B; (iii) Borrower shall, in selecting any a CDOR Funding Period, allow for foreseeable mandatory prepayments shall be construed in accordance with prevailing practices in the relevant market at the commencement of any Loans, if any.such CDOR