Common use of Multicurrency Advances Clause in Contracts

Multicurrency Advances. Any Multicurrency Advances may be continued as such upon the expiration of the then current Interest Period with respect thereto by the relevant Borrower giving the Administrative Agent irrevocable notice of such election by not later than 11:00 a.m. (Detroit time) at least five Business Days prior to the applicable continuation date, provided, that if the relevant Borrower shall fail to give such notice, such Multicurrency Advance shall be automatically continued for an Interest Period of one month provided that such continuation would not extend the Interest Period beyond the Facility Termination Date.

Multicurrency Advances. Any Multicurrency Advances may be continued as such upon the expiration of the then current Interest Period with respect thereto by the relevant Borrower giving the Administrative Agent at least five Business Days' prior irrevocable notice of such election by not later than 11:00 a.m. (Detroit time) at least five Business Days prior to the applicable continuation dateelection, provided, that if the relevant Borrower shall fail to give such notice, such Multicurrency Advance shall be automatically continued for an Interest Period of one month provided that such continuation would not extend the Interest Period beyond the Facility Termination Date.