Common use of Rate Options Applicable to Loans Clause in Contracts

Rate Options Applicable to Loans. Each Borrowing made prior to the Syndication Date shall be comprised of (except in the case of Foreign Currency Loans, which shall be made and maintained as Eurodollar Loans and shall bear interest at EURIBOR plus the Applicable Margin for Eurodollar Revolving Loans) Base Rate Loans or (except in the case of Swing Line Loans denominated in Dollars, which shall be made and maintained as Base Rate Loans, and L/C Borrowings, which shall be made initially as Base Rate Loans) Eurodollar Loans with a one, three or six-month (or of a duration less than one month as may be agreed to by all of the Lenders having Commitments or Loans of the applicable Class) Interest Period (ending on the same date), as the Borrower may request pursuant to Section 2.02. Each Borrowing made on or after the Syndication Date shall be comprised of (except in the case of Foreign Currency Loans, which shall be made and maintained as Eurodollar Loans and shall bear interest at EURIBOR plus the Applicable Margin for Eurodollar Revolving Loans) Base Rate Loans or (except in the case of Swing Line Loans denominated in Dollars, which shall be made and maintained as Base Rate Loans) Eurodollar Loans, as the Borrower may request pursuant to Section 2.02. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower may not request any Borrowing that, if made, would result in an aggregate of more than ten Borrowings of Eurodollar Loans being outstanding hereunder at any one time. For this purpose, Loans having different Interest Periods, regardless of whether commencing on the same date, shall be considered separate Borrowings. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment and before and after the commencement of any proceeding under any Debtor Relief Law.

Rate Options Applicable to Loans. Each Borrowing made prior to the Syndication Date shall be comprised of (except i) in the case of Foreign Currency Domestic Revolving Loans and Term B Loans, which shall be made and maintained as Eurodollar Loans and shall bear interest at EURIBOR plus the Applicable Margin for Eurodollar Revolving Loans) Base Rate Loans or a single group of Eurocurrency Loans having an Interest Period of one month, (except ii) in the case of Swing Line Loans denominated in Dollars, which shall be made and maintained as Base Rate Multi-Currency Revolving Loans, and L/C Borrowings, which shall be made initially as Base Rate Loans) Eurodollar Eurocurrency Loans with a one, three or six-month (or of a duration less than one month as may be agreed to by all of the Lenders having Commitments or Loans of the applicable Class) Interest Period (ending on with no more than one such Eurocurrency Loan to be outstanding at any time in any given currency) and (iii) in the same date)case of Credit-Linked LC Loans, as the Borrower may request pursuant to Section 2.02provided below. Each Borrowing made on or after the Syndication Date shall be comprised of (except i) in the case of Foreign Currency Domestic Revolving Loans and Term B Loans, which shall be made and maintained as Eurodollar Loans and shall bear interest at EURIBOR plus the Applicable Margin for Eurodollar Revolving Loans) Base Rate Loans or Eurocurrency Loans, (except ii) in the case of Swing Line Loans denominated in Dollars, which shall be made and maintained as Base Rate Loans) Eurodollar Multi-Currency Revolving Loans, Eurocurrency Loans, in each case as the Borrower may request pursuant to Section 2.02, and (iii) in the case of Credit-Linked LC Loans, as provided below. Each Credit-Linked LC Loan shall be made initially as a Eurocurrency Loan and have an initial Interest Period commencing on the date such Credit-Linked LC Loan is made and ending on the last day of the then-current calendar quarter (and the Adjusted Eurocurrency Rate shall be the same as the then-applicable Eurocurrency Rate applicable to the Credit-Linked LC Deposits). Thereafter, each Credit-Linked LC Loan shall be continued as a Eurocurrency Loan. Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower may not request any Borrowing that, if made, would result in an aggregate of more than ten Borrowings 15 separate Groups of Eurodollar Eurocurrency Loans being outstanding hereunder at any one time. For this purpose, Loans having different Interest Periods, regardless of whether commencing on the same date, shall be considered separate Borrowings. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment and before and after the commencement of any proceeding under any Debtor Relief LawGroups.