Common use of Funding Periods Clause in Contracts

Funding Periods. At any time when the Borrower shall select, --------------- convert to or renew the Euro-Rate Option to apply to any part of the Loans, the Borrower shall specify one or more periods (the "Funding Periods") during which each such Option shall apply, such Funding Periods being as set forth below: Interest Rate Option Available Funding Periods -------------------- ------------------------- Euro-Rate Option One, two, three or six months ("Euro-Rate Funding Period") provided, that: -------- (i) Each Euro-Rate Funding Period shall begin on a London Business Day, and the term "month", when used in connection with a Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank eurodollar market at the commencement of such Euro-Rate Funding Period, as determined in good faith by the Agent (which determination shall be conclusive); (ii) In the case of Revolving Credit Loans, the Borrower may not select a Funding Period that would end after the Revolving Credit Maturity Date; and (iii) The Borrower shall, in selecting any Funding Period, allow for scheduled mandatory payments and foreseeable mandatory prepayments of the Loans.

Funding Periods. At any time when the a Borrower shall select, --------------- convert to or renew the Euro-Rate Option to apply to any part of the Loans, the such Borrower shall specify one or more periods (the "Funding Periods") during which each such Option shall apply, such Funding Periods being as set forth below: Interest Rate Option Available Funding Periods INTEREST RATE OPTION AVAILABLE FUNDING PERIODS -------------------- ------------------------- Euro-Rate Option One, two, three three, six, or six twelve months ("Euro-Rate Funding Period") provided); PROVIDED, that: --------: (i) Each Euro-Rate Funding Period shall begin on a London Business Day, and the term "month", when used in connection with a Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank eurodollar market at the commencement of such Euro-Rate Funding Period, as determined in good faith by the Agent (which determination shall be conclusive);; and (ii) In the case of Revolving Credit Loans, the The Borrower may not select a Funding Period that would end after the Revolving Credit Maturity Expiration Date; and (iii) The Borrower shall, in selecting any Funding Period, allow for scheduled mandatory payments and foreseeable mandatory prepayments of the Loans.

Funding Periods. At any time when the Borrower shall select, --------------- convert to or renew the Euro-Rate Option to apply to any part of the Loans, the Borrower shall specify one or more periods (the "Funding Periods") during which each such Option shall apply, such Funding Periods being as set forth below: Interest Rate Option Available Funding Periods -------------------- ------------------------- Euro-Rate Option One1, two, three 2 or six 3 months ("Euro-Rate Funding Period") ); provided, that: --------: (i) Each Euro-Rate Funding Period shall begin on a London Business Day; (ii) Each Euro-Rate Funding Period shall begin on a London Business Day, and the term "month", when used in connection with a Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank eurodollar market at the commencement of such Euro-Rate Funding Period, as determined in good faith by the Agent (which determination shall be conclusive); (iiiii) In the case of Revolving Credit Loans, the The Borrower may not select a Funding Period that would end after the Revolving Credit Term Loan Maturity Date; and (iiiiv) The Borrower shall, in selecting any Funding Period, allow for scheduled mandatory payments and foreseeable mandatory prepayments of the Loans.

Funding Periods. At any time when the Borrower shall select, --------------- convert to or renew the Euro-Rate Option to apply to any part of the Loans, the Borrower shall specify one or more periods (the "Funding Periods") during which each such Option shall apply, such Funding Periods being as set forth below: Interest Rate Option Available Funding Periods -------------------- ------------------------- Euro-Rate Option One1, two, three 2 or six 3 months ("Euro-Rate Funding Period") ); provided, that: --------: (i) Each Euro-Rate Funding Period shall begin on a London Business Day; (ii) Each Euro-Rate Funding Period shall begin on a London Business Day, and the term "month", when used in connection with a Euro-Rate Funding Period, shall be construed in accordance with prevailing practices in the interbank eurodollar market at the commencement of such Euro-Rate Funding Period, as determined in good faith by the Agent (which determination shall be conclusive);; and (iiiii) In the case of Revolving Credit Loans, the The Borrower may not select a Funding Period that would end after the Revolving Credit Maturity Date; and (iii) The Borrower shall, in selecting any Funding Period, allow for scheduled mandatory payments and foreseeable mandatory prepayments of the Loans.