Common use of Initial Type of Loans Clause in Contracts

Initial Type of Loans. Subject to Section 2.07 and 2.14, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower Representative may request in accordance herewith; provided that all Borrowings made on the Effective Date must be made as ABR Borrowings unless IHS shall have delivered to the Administrative Agent an agreement that it will be bound by the provisions of Section 2.16 notwithstanding that this Agreement might not then be effective at least three Business Days prior to the Effective Date. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

Initial Type of Loans. Subject to Section 2.07 and 2.142.13, each Revolving Borrowing shall be comprised entirely of ABR Dollar Loans or Eurodollar Loans and each Foreign Currency Loan shall be comprised entirely of Fixed Rate Loans, in each case, as the a Borrower Representative may request in accordance herewith; provided that all Borrowings made on the Effective Date must be made as ABR Borrowings unless IHS Revolving Borrowings. Foreign Currency Loans may only be Fixed Rate Loans. Each Swingline Loan shall have delivered to the Administrative Agent be an agreement that it will be bound by the provisions of Section 2.16 notwithstanding that this Agreement might not then be effective at least three Business Days prior to the Effective DateABR Dollar Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the a Borrower to repay such Loan in accordance with the terms of this Agreement.

Initial Type of Loans. Subject to Section 2.07 and 2.14, each Revolving Borrowing shall be comprised entirely of ABR Loans or Eurodollar Eurocurrency Loans denominated in a single Currency as the Borrower Representative Company may request in accordance herewith; provided that all Dollar Borrowings made on the Effective Date must be made as ABR Borrowings unless IHS but may be converted into Eurocurrency Borrowings in accordance with Section 2.08. Each Swingline Loan and each Protective Advance shall have delivered to the Administrative Agent be an agreement that it will ABR Loan. Each ABR Loan shall be bound by the provisions of Section 2.16 notwithstanding that this Agreement might not then be effective at least three Business Days prior to the Effective Datedenominated in Dollars. Each Lender at its option may make any Eurodollar Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower Company to repay such Loan in accordance with the terms of this Agreement.