Common use of Options of the Borrower Clause in Contracts

Options of the Borrower. In lieu of paying an Affected Bank such additional moneys as are required by Section 2.09(b) or the prepayment of an Affected Bank required by Section 2.09(c), the Borrower may exercise any one of the following options: (i) If the determination by an Affected Bank relates only to Eurodollar Rate Loans then being requested by the Borrower pursuant to a Notice of Revolver Borrowing or a Notice of Conversion/Continuation, the Borrower may by giving notice (by telephone promptly confirmed in writing) to the Agent (who shall promptly give similar notice to each other Bank) no later than the date immediately prior to the date on which such Eurodollar Rate Loans are to be made, withdraw that Notice of Revolver Borrowing or Notice of Conversion/Continuation and the Eurodollar Rate Loans then being requested shall be made by the Banks as Base Rate Loans; or (ii) Upon written notice to the Agent and each Bank, the Borrower may terminate the obligations of the Banks to make or maintain Loans as, and to convert Loans into, Eurodollar Rate Loans and in such event, the Borrower shall, prior to the time any payment pursuant to Section 2.09(c) is required to be made or, if the provisions of Section 2.09(b) are applicable, at the end of the then current Interest Period, convert all of the Eurodollar Rate Loans into Base Rate Loans in the manner contemplated by Section 2.06(d) but without satisfying the advance notice requirements therein.

Options of the Borrower. In lieu of paying an Affected Bank Lender such additional moneys as are required by Section 2.09(b2.06(b) or the prepayment of an Affected Bank Lender required by Section 2.09(c2.06(c), the Borrower may exercise any one of the following options: (i) If the determination by an Affected Bank Lender relates only to Eurodollar Rate Loans then being requested by the Borrower pursuant to a Notice of Revolver Borrowing or a Notice of Conversion/Continuation, the Borrower may by giving notice (by telephone promptly confirmed in writing) to the Agent (who shall promptly give similar notice to each other BankLender) no later than the date immediately prior to the date on which such Eurodollar Rate Loans are to be made, withdraw that Notice of Revolver Borrowing or Notice of Conversion/Continuation and the Eurodollar Rate Loans then being requested shall be made by the Banks Lenders as Base Rate Loans; or (ii) Upon written notice to the Agent and each BankLender, the Borrower may terminate the obligations of the Banks Lenders to make or maintain Loans as, and to convert Loans into, Eurodollar Rate Loans and in such event, the Borrower shall, prior to the time any payment pursuant to Section 2.09(c2.06(c) is required to be made or, if the provisions of Section 2.09(b2.06(b) are applicable, at the end of the then current Interest Period, convert all of the Eurodollar Rate Loans into Base Rate Loans in the manner contemplated by Section 2.06(d2.03(d) but without satisfying the advance notice requirements therein.

Options of the Borrower. In lieu of paying an Affected Bank such additional moneys as are required by Section 2.09(b) or the prepayment of an Affected Bank required by Section 2.09(c), the Borrower may exercise any one of the following options: (i) If the determination by an Affected Bank relates only to Eurodollar Rate Loans then being requested by the Borrower pursuant to a Notice of Revolver Borrowing or a Notice of Conversion/Continuation, the Borrower may by giving notice (by telephone promptly confirmed in writing) to the Agent (who shall promptly give similar notice to each other Bank) no later than the date immediately prior to the date on which such Eurodollar Rate Loans are to be made, withdraw that Notice of Revolver Borrowing or Notice of Conversion/Continuation and the Eurodollar Rate Loans then being requested shall be made by the Banks as Base Rate Loans; or (ii) Upon written notice to the Agent and each Bank, the Borrower may terminate the obligations of the Banks to make or maintain Loans as, and to convert Loans into, Eurodollar Rate Loans and in such event, the Borrower shall, prior to the time any payment pursuant to Section 2.09(c) is required to be made or, if the provisions of Section 2.09(b) are applicable, at the end of the then current Interest Period, convert all of the Eurodollar Rate Loans into Base Rate Loans in the manner contemplated by Section 2.06(d) but without satisfying the advance notice requirements therein.of