Common use of INTEREST PERIODS; MINIMUM AMOUNTS Clause in Contracts

INTEREST PERIODS; MINIMUM AMOUNTS. (a) At the Borrowers' option, so long as no Default or Event of Default has occurred and is then continuing, the Borrowers may (i) elect to convert any Revolving Credit Loan (other than a Swing Line Loan) which is a Base Rate Loan or a portion thereof to a Eurodollar Loan, (ii) at the time of any Loan and Letter of Credit Request, specify that a requested Revolving Credit Loan shall be a Eurodollar Loan, or (iii) upon expiration of the applicable Interest Period, elect to maintain an existing Eurodollar Loan as such, PROVIDED THAT the Borrowers give notice to the Administrative Agent pursuant to ss.2.5(b) hereof. Upon determining any Eurodollar Rate, the Administrative Agent shall forthwith provide notice thereof to the Borrowers and the Revolving Credit Lenders, and each such notice to the Borrowers and such Lenders shall be considered PRIMA FACIE correct and binding, absent manifest error.

INTEREST PERIODS; MINIMUM AMOUNTS. (a) At the Borrowers' option, so long as no Default or Event of Default has occurred and is then continuing, the Borrowers may (i) elect to convert any Revolving Credit Loan (other than a Swing Line Loan) which is a Base Rate Loan or a portion thereof to a Eurodollar Loan, (ii) at the time of any Loan and Letter of Credit Request, specify that a requested Revolving Credit Loan shall be a Eurodollar Loan, or (iii) upon expiration of the applicable Interest Period, elect to maintain an existing Eurodollar Loan as such, PROVIDED THAT provided that the Borrowers give notice to the Administrative Agent pursuant to ss.2.5(b) hereof. Upon determining any Eurodollar Rate, the Administrative Agent shall forthwith provide notice thereof to the Borrowers and the Revolving Credit Lenders, and each such notice to the Borrowers and such Lenders shall be considered PRIMA FACIE prima facie correct and binding, absent manifest error.

INTEREST PERIODS; MINIMUM AMOUNTS. (a) At the Borrowers' option, so long as no Default or Event of Default has occurred and is then continuing, the Borrowers may (i) elect to convert any Revolving Credit Loan (other than a Swing Line Loan) which is a Base Rate Loan or a portion thereof to a Eurodollar Loan, (ii) at the time of any Loan and Letter of Credit Request, specify that a requested Revolving Credit Loan shall be a Eurodollar Loan, or (iii) upon expiration of the applicable Interest Period, elect to maintain an existing Eurodollar Loan as such, PROVIDED THAT provided that the Borrowers give notice to the Administrative Agent pursuant to ss.2.5(b) hereof. Upon determining any Eurodollar Rate, the Administrative Agent shall forthwith provide notice thereof to the Borrowers and the Revolving Credit LendersBanks, and each such notice to the Borrowers and such Lenders the Banks shall be considered PRIMA FACIE prima facie correct and binding, absent manifest error.