Common use of Interest Provisions Clause in Contracts

Interest Provisions. Unless otherwise specified by Borrower in a Notice of Revolving Borrowing or Notice of Conversion of Loan Type and except as otherwise provided for herein, all Revolving Loans shall be Base Rate Loans. Subject to the applicable limitations set forth herein, Revolving Loans shall bear interest based upon the LIBO Rate as specified by Borrower in the applicable Notice of Revolving Borrowing or Notice of Conversion of Loan Type. Borrower shall not request, and the Lenders shall not be obligated to make, LIBOR Loans at any time an Inchoate Default or Event of Default exists. If an Event of Default exists at the end of an Interest Period, the LIBOR Loans whose Interest Period is then ending shall automatically convert to Base Rate Loans at such time (notwithstanding the delivery of a Confirmation of Interest Period Selection with respect to such Loans).

Interest Provisions. Unless otherwise specified by Borrower in a Notice of Revolving Borrowing or Notice of Conversion of Loan Type and except as otherwise provided for herein, all Revolving Loans shall be Base Rate Loans. Subject to the applicable limitations set forth herein, Revolving Loans shall bear interest based upon the LIBO Rate Adjusted Term SOFR as specified by Borrower in the applicable Notice of Revolving Borrowing or Notice of Conversion of Loan Type. Borrower shall not request, and the Lenders shall not be obligated to make, LIBOR SOFR Loans at any time an Inchoate Default or Event of Default exists. If an Event of Default exists at the end of an Interest Period, the LIBOR SOFR Loans whose Interest Period is then ending shall automatically convert to Base Rate Loans at such time (notwithstanding the delivery of a Confirmation of Interest Period Selection with respect to such Loans).

Interest Provisions. Unless otherwise specified by Borrower in a Notice of Revolving Borrowing or Notice of Conversion of Loan Type and except as otherwise provided for herein, all Revolving Loans shall be Base Rate ABR Loans. Subject to the applicable limitations set forth herein, Revolving Loans shall bear interest based upon the LIBO Rate as specified by Borrower in the applicable Notice of Revolving Borrowing or Notice of Conversion of Loan Type. Borrower shall not request, and the Lenders shall not be obligated to make, LIBOR Loans at any time an Inchoate Default or Event of Default exists. If an Event of Default exists at the end of an Interest Period, the LIBOR Loans whose Interest Period is then ending shall automatically convert to Base Rate ABR Loans at such time (notwithstanding the delivery of a Confirmation of Interest Period Selection with respect to such Loans).

Interest Provisions. Unless otherwise specified by Borrower in a Notice of Revolving Borrowing or Notice of Conversion of Loan Type and except as otherwise provided for herein, all Revolving Loans shall be Base Rate Loans. Subject to the applicable limitations set forth herein, Revolving Loans shall bear interest based upon the LIBO Rate RateAdjusted Term SOFR as specified by Borrower in the applicable Notice of Revolving Borrowing or Notice of Conversion of Loan Type. Borrower shall not request, and the Lenders shall not be obligated to make, LIBOR LIBORSOFR Loans at any time an Inchoate Default or Event of Default exists. If an Event of Default exists at the end of an Interest Period, the LIBOR LIBORSOFR Loans whose Interest Period is then ending shall automatically convert to Base Rate Loans at such time (notwithstanding the delivery of a Confirmation of Interest Period Selection with respect to such Loans).