Common use of Interest Periods; Renewals Clause in Contracts

Interest Periods; Renewals. (a) In the case of each Eurocurrency Loan, the Borrower thereunder 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 Revolving Credit Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 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; (iv) no more than ten Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 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) in the case of the Term Loans, no Interest Period may extend beyond a Term Loan Amortization Date unless, after giving effect thereto, the aggregate principal amount of the Term Loans outstanding as Eurocurrency Loans having Interest Periods which end after such Term Loan Amortization Date shall be equal to or less than the principal amount of the Term Loans to be outstanding after such Term Loan Amortization Date; (ii) in the case of the Revolving Loans, no Interest Period may extend beyond the Revolving Credit Termination Date; (iiiii) notwithstanding clause clauses (i) and (ii) above, no Interest Period shall have a duration less than 30 days, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iiiiv) 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; (iv) no more than ten Interest Periods may be outstanding at any one time; and (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings eight Interest Periods may be outstanding at any one time. For purposes of this Section 2.06(a2.9(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 Eurocurrency Loan, the applicable Borrower thereunder 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 Date in the case of Revolving Credit Termination DateLoans and Swingline Loans, the Maturity Date in the case of Term Loans or the Acquisition Loans Maturity Date in the case of Acquisition Loans; (ii) notwithstanding clause (i) aboveSection 2.10(a)(i), no Interest Period shall have a duration less than 30 daysone 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; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency Fixed Rate Loan, the Borrower thereunder shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section SECTION 1.01, subject to the following limitations: (i) no Interest Period may extend beyond the Revolving Credit Termination Date; Date hereunder, (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone month in the case of a Eurodollar Loan or a Spread Loan whose Interest Rate Basis is the Eurodollar Rate, 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 Eurodollar Loan or a Spread Loan whose Interest Rate Basis is the Eurodollar Rate, such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; (iv) no more than ten eight Interest Periods of each Bank may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency LIBOR Loan, the Borrower thereunder 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 Revolving Credit Termination Date, except with respect to the Term Loan for which no Interest Period may extend beyond an Amortization Date unless, after giving effect thereto, the aggregate principal amount of the LIBOR Loans having Interest Periods which end after such Amortization Date shall be equal to or less than the principal amount to be outstanding hereunder after such Amortization Date; (iiiii) notwithstanding clause clauses (i) and (ii) above, no Interest Period shall have a duration less than 30 daysone month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iiiiv) 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 (ivv) no more than ten five Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency time in respect of either the Term Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(a), borrowings having different Interest Periods or denominated in different currencies, regardless of whether they commence on the same date, shall be considered separate borrowingsWorking Capital Loans.

Interest Periods; Renewals. (a) a. In the case of each Eurocurrency Eurodollar Loan, the Borrower thereunder Borrowers shall select an Interest Period (provided no Default of Event of Default is then continuing) of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitations: (i) no Interest Period on the Term Loans may extend beyond an Amortization Date unless, after giving effect thereto, the Revolving Credit Termination aggregate principal amount of the Eurodollar Loans having Interest Periods which end after such Amortization Date shall be equal to or less than the principal amount to be outstanding hereunder after such Amortization Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone 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 Lender may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency Fixed Rate Loan, the respective Borrower thereunder shall select an Interest Period of any duration in accordance with the definition of Interest Period in Section 1.01, subject to the following limitationslimitation: (i) no Interest Period may extend beyond the Revolving Credit Termination DateDate (in the case of a Revolving Credit Loan) or the Term Loan Termination Date (in the case of the Term Loan); (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone 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 five Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency Eurodollar Loan and each Money Market 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 Revolving Credit Termination Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone month (in the case of a LIBO Rate Loan) or seven (7) days (in the case of a Set Rate Loan), 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; (iv) no more than ten eight (8) Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency for both Revolving Loans and Money Market Loans may be outstanding at any one time; and (viv) no more than twenty Eurocurrency Loan borrowings may Eurodollar Loans and Money Market Loans will not be outstanding available for Interest Periods commencing at any one time. For purposes time that a Payment Default or Event of this Section 2.06(a), borrowings having different Interest Periods or denominated Default is in different currencies, regardless of whether they commence on the same date, shall be considered separate borrowingsexistence.

Interest Periods; Renewals. (a) In the case of each Eurocurrency Fixed Rate Loan, the Borrower thereunder 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 an Amortization Date unless, after giving effect thereto, the Revolving Credit Termination aggregate principal amount of the Fixed Rate Loans having Interest Periods which end after such Amortization Date shall be equal to or less than the principal amount to be outstanding hereunder after such Amortization Date; (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone month (in the case of a LIBOR Loan) or one year (in the case of an Offered Loan), 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; (iv) no more than ten five Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency Fixed Rate Loan, the Borrower thereunder 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 Revolving Credit Termination Maturity Date; (ii) notwithstanding clause (i) above, no Interest Period for a Eurodollar Loan shall have a duration of less than 30 daysone month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iii) no Interest Period may extend beyond an Amortization Date unless the aggregate principal amount of Loans having Interest Periods which end after such Amortization Date are equal to or less than the aggregate amount of Loans (after giving effect to the payment required to be made on such Amortization Date) to be outstanding after such Amortization Date; (iv) 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 (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 (ivv) no more than ten three Interest Periods of each Bank may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency Fixed Rate Loan, the Borrower thereunder 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 Revolving Credit Termination Date; Date hereunder, (ii) notwithstanding clause (i) above, no Interest Period shall have a duration less than 30 daysone month in the case of a Eurodollar Loan or a Spread Loan whose Interest Rate Basis is the Eurodollar Rate, 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 Eurodollar Loan or a Spread Loan whose Interest Rate Basis is the Eurodollar Rate, such Banking Day would fall in the next calendar month in which event such Interest Period shall end on the immediately preceding Banking Day; (iv) no more than ten eight Interest Periods of each Bank may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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 Eurocurrency LIBOR Loan, the Borrower thereunder 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 Revolving Credit Termination Date, except with respect to the Term Loan for which no Interest Period may extend beyond an Amortization Date unless, after giving effect thereto, the aggregate principal amount of the LIBOR Loans having Interest Periods which end after such Amortization Date shall be equal to or less than the principal amount to be outstanding hereunder after such Amortization Date; (iiiii) notwithstanding clause clauses (i) and (ii) above, no Interest Period shall have a duration less than 30 daysone month, and if any such proposed Interest Period would otherwise be for a shorter period, such Interest Period shall not be available; (iiiiv) 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 (ivv) no more than ten five Interest Periods may be outstanding at any one time; (v) no more than two Eurocurrency Loan borrowings in each Alternative Currency may be outstanding at any one time; and (vi) no more than twenty Eurocurrency Loan borrowings may be outstanding at any one time. For purposes of this Section 2.06(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.