Common use of LIBOR Advances After an Event of Default Clause in Contracts

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan Advance be Credit Extension made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance Credit Extension and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue Term Loan Advances Credit Extensions referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After Upon the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower Borrowers may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by a Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by such Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After Upon the occurrence and during the continuance of an Event of Default, (i) neither Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by a Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by such Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.. #2572901v4 233773760 v5

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Lead Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c1.11(c), any Notice of Conversion/Continuation given by Lead Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Lead Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.. 1.12

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance without Lender’s prior written consent which shall be granted or denied in Lender’s sole discretion and (ii) subject to the provisions of Section 3.6(c3.7(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at BankLender’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue the Term Loan Advances Advance referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Lead Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c1.11(c), any Notice of Conversion/Continuation given by Lead Borrower with EXECUTION VERSION respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Lead Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.

LIBOR Advances After an Event of Default. After the occurrence and during the continuance of an Event of Default, (i) Borrower may not elect to have a Term Loan an Advance be made or continued as, or converted to, a LIBOR Advance after the expiration of any Interest Period then in effect for such Term Loan Advance and (ii) subject to the provisions of Section 3.6(c), any Notice of Conversion/Continuation given by Borrower with respect to a requested conversion/continuation that has not yet occurred shall, at Bank’s option, be deemed to be rescinded by Borrower and be deemed a request to convert or continue Term Loan Advances referred to therein as Prime Rate Advances.