Common use of Mandatory Conversion, Etc Clause in Contracts

Mandatory Conversion, Etc. If under any Conversion Notice delivered under subsection (b) above, the Borrower shall fail to select the Type of any Term Loan, then (unless, in the case of any Conversion, the applicable Borrowing is repaid at the end of the then effective Interest Period) the Agent will forthwith so notify the Borrower and the Lenders, and such Loans will automatically, on the last day of the then existing Interest Period thereof, be made as, or Convert into, as the case may be, a Term SOFR Loan.

Mandatory Conversion, Etc. If under any Conversion Notice delivered under subsection (b) above, the Borrower shall fail to select the Type of any Term Loan, then (unless, in the case of any Conversion, the applicable Borrowing is repaid at the end of the then effective Interest Period) the Agent will forthwith so notify the Borrower and the Lenders, and such Term Loans will automatically, on the last day of the then existing Interest Period thereof, be made as, or Convert into, as the case may be, a Term SOFR Loan.

Mandatory Conversion, Etc. If under any Conversion Notice delivered under subsection (b) above, the Borrower shall fail to select the Type of any Term Loan, then (unless, in the case of any Conversion, the applicable Borrowing is repaid at the end of the then effective Interest Period) the Agent will forthwith so notify the Borrower and the Lenders, and such Term Loans will automatically, on the last day of the then existing Interest Period thereof, be made as, or Convert into, as the case may be, a Term SOFR Loan.