Common use of Interest Periods; Renewals Clause in Contracts

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten Interest Periods of each Bank may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate LIBOR Loan, the Borrower Borrowers shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month, ; and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iiiii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless unless, in the case of a LIBOR Loan, such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iviii) no more than ten five Interest Periods of each Bank may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower or the Subsidiary Borrower, as applicable, shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one monthmonth (or, in the case of NIBO Rate Loans, two weeks), and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten Interest Periods of each Bank Lender may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the applicable Borrower shall select (in the case of a Eurodollar Loan), or the Banks and the applicable Borrower shall, in accordance with Section 2.13, agree upon (in the case of a Money Market Loan), an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten twelve Interest Periods of each Bank may be outstanding at any one timetime with respect to Fixed Rate Loans.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitationslimitation: (i) no Interest Period may extend beyond the Termination applicable Maturity Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month30 days, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless unless, in the case of a LIBOR Loan, such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten only one Interest Periods of each Bank Period may be outstanding at any one timetime with respect to the Loan.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration of less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless unless, in the case of a Fixed Rate Loan, such Banking Day would fall in the next calendar month month, in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten only five Interest Periods of each Bank may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period may extend beyond the respective Termination DateDates for such class of Loans; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten fifteen Interest Periods of each Bank may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Eurocurrency Loan, the Borrower thereunder shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month30 days, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten six Interest Periods of each Bank may be outstanding at any one time. For purposes of this Section 2.7(a), borrowings having different Interest Periods or denominated in different currencies, regardless of whether they commence on the same date, shall be considered separate borrowings.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period may extend beyond in the Termination Date; (ii) notwithstanding clause (i) abovecase of a Eurodollar Loan, no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iiiii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless unless, in the case of a Eurodollar Loan, such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iii) no Interest Period shall end after the Termination Date; (iv) no more than ten Interest Periods five Eurodollar Loans of each Bank may be outstanding at any one time; and (v) no more than ten Quoted Rate Loans may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Loan, the Borrower Borrowers shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitations: (i) no Interest Period may extend beyond the Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten Interest Periods of five Fixed Rate Loans with each Bank may be outstanding at any one time.

Interest Periods; Renewals. (a) In the case of each Fixed Rate Eurocurrency Loan, the applicable Borrower shall select an Interest Period of any a duration specified in accordance with the definition of Interest Period in Section 1.011.1, subject to the following limitations: (i) no Interest Period may extend beyond the Termination DateDate in the case of Revolving Loans and Swingline Loans, or Maturity Date in the case of Term Loans; (ii) notwithstanding clause (i) aboveSection 2.9(a)(i), no Interest Period shall have a duration less than one month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) if an Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next Banking Day, unless such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; and (iv) no more than ten only seven Interest Periods of each Bank may be outstanding at any one time.