Common use of Interest Election Requests Clause in Contracts

Interest Election Requests. The Borrowing outstanding on the Effective Date shall be of the Type in effect under the Existing Term Loan Agreement as of the Effective Date and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as determined pursuant to the Existing Term Loan Agreement. From and after the Effective Date, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.03. Subject to the foregoing, the Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing, and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period therefor.

Interest Election Requests. The Each Revolving Borrowing outstanding on the Effective Date initially -------------------------- shall be of the Type specified in effect under the Existing Term Loan Agreement as of the Effective Date applicable Borrowing Request and, in the case of a Eurodollar Eurocurrency Revolving Borrowing, shall have an initial Interest Period as determined pursuant to the Existing Term Loan Agreementspecified in such Borrowing Request. From and after the Effective DateThereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Eurocurrency Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.032.07; provided, -------- however, that (i) a ------- Borrowing denominated in one Currency may not be converted to a Borrowing in a different Currency and (ii) a Eurocurrency Borrowing denominated in an Approved Foreign Currency may not be converted to a Borrowing of a different Type. Subject to the foregoing, the Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any contrary provision hereofThis Section 2.07 shall not apply to Swingline Borrowings, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then (i) no outstanding Borrowing which may not be converted to or continued as a Eurodollar Borrowing, and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period thereforcontinued.

Interest Election Requests. The Each Revolving Borrowing outstanding on the Effective Date initially -------------------------- shall be of the Type specified in effect under the Existing Term Loan Agreement as of the Effective Date applicable Borrowing Request and, in the case of a Eurodollar Eurocurrency Revolving Borrowing, shall have an initial Interest Period as determined pursuant to the Existing Term Loan Agreementspecified in such Borrowing Request. From and after the Effective DateThereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Eurocurrency Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.032.07; provided, -------- however, that (i) a Borrowing denominated in one Currency may not be converted ------- to a Borrowing in a different Currency and (ii) a Eurocurrency Borrowing denominated in an Approved Foreign Currency may not be converted to a Borrowing of a different Type. Subject to the foregoing, the Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any contrary provision hereofThis Section 2.07 shall not apply to Swingline Borrowings, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then (i) no outstanding Borrowing which may not be converted to or continued as a Eurodollar Borrowing, and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period thereforcontinued.

Interest Election Requests. The initial Borrowing outstanding on the Effective Date shall initially be of the Type specified in effect under the Existing Term Loan Agreement as of the Effective Date Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as determined pursuant to specified in the Existing Term Loan AgreementBorrowing Request. From and after the Effective DateThereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.032.05. Subject to the foregoing, the Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then (iA) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing, and (iiB) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period therefor.

Interest Election Requests. The initial Borrowing outstanding on the Effective Date shall initially be of the Type specified in effect under the Existing Term Loan Agreement as of the Effective Date Borrowing Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as determined pursuant to specified in the Existing Term Loan AgreementBorrowing Request. From and after the Effective Date, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.032.05. Subject to the foregoing, the Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing, and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period therefor.