Common use of Selection and Continuation of Interest Periods Clause in Contracts

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings; provided that if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (i) of the definition of Settlement Date. (b) Borrower or the Agent, upon notice to and consent by the other (provided that if an Amortization Event or an Unmatured Amortization Event shall have occurred and is continuing, such consent of the Borrower shall not be required) received at least three (3) Business Days prior to the end of an Interest Period (the “Terminating Tranche”) for any Liquidity Funding, may, effective on the last day of the Terminating Tranche: (i) divide any such Liquidity Funding into multiple Liquidity Fundings, (ii) combine any such Liquidity Funding with one or more other Liquidity Fundings that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Liquidity Funding with a new Liquidity Funding to be made by the Liquidity Banks on the day such Terminating Tranche ends.

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrative Agent, Borrower shall from time to time request Interest Periods for the Bank Fundings and Liquidity Fundings; , provided that if at any time any Bank Funding or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (i) of the definition of Settlement Date. (b) Borrower or the Administrative Agent, upon notice to and consent by the other (provided that if an Amortization Event or an Unmatured Amortization Event shall have occurred and is continuing, such consent of the Borrower shall not be required) received at least three (3) Business Days prior to the end of an Interest Period (the “Terminating Tranche”) for any Bank Funding or Liquidity Funding, may, effective on the last day of the Terminating Tranche: (i) divide any such Bank Funding or Liquidity Funding into multiple Bank Fundings or Liquidity Fundings, as the case may be, (ii) combine any such Bank Funding or Liquidity Funding with one or more other Bank Fundings or Liquidity Fundings Fundings, as the case may be, that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Bank Funding or Liquidity Funding with a new Bank Funding or Liquidity Funding Funding, as the case may be, to be made by the Committed Banks (with respect to any Bank Funding) or the Liquidity Banks (with respect to any Liquidity Funding) on the day such Terminating Tranche ends.

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings; , provided that if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (iA) of the definition of Settlement Date; and provided further, that the decision as to whether to utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower. (b) Borrower or the applicable Co-Agent, upon notice to and consent by the other (provided that if an Amortization Event or an Unmatured Amortization Event shall have occurred and is continuing, such consent of the Borrower shall not be required) received at least three (3) Business Days prior to the end of an Interest Period (the “Terminating Tranche”) for any Liquidity Funding, may, effective on the last day of the Terminating Tranche: (i) divide any such Liquidity Funding into multiple Liquidity Fundings, (ii) combine any such Liquidity Funding with one or more other Liquidity Fundings that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Liquidity Funding with a new Liquidity Funding to be made by the Liquidity Banks on the day such Terminating Tranche ends.

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings; , provided that if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (iA) of the definition of Settlement DateDate and provided further that the decision as to whether to utilize Liquidity Fundings, in lieu of all or any portion of a funding by a Conduit, shall reside with the applicable Co-Agent and not with Borrower. (b) Borrower or the applicable Co-Agent, upon notice to and consent by the other (provided that if an Amortization Event or an Unmatured Amortization Event shall have occurred and is continuing, such consent of the Borrower shall not be required) received at least three (3) Business Days prior to the end of an Interest Period (the “Terminating Tranche”) for any Liquidity Funding, may, effective on the last day of the Terminating Tranche: (i) divide any such Liquidity Funding into multiple Liquidity Fundings, (ii) combine any such Liquidity Funding with one or more other Liquidity Fundings that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Liquidity Funding with a new Liquidity Funding to be made by the applicable Liquidity Banks on the day such Terminating Tranche ends.

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent, Borrower shall from time to time request Interest Periods for the Liquidity Fundings; , provided that if at any time any Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (i) of the definition of Settlement Date. (b) Borrower or the Agent, upon notice to and consent by the other (provided that if an Amortization Event or an Unmatured Amortization Event shall have occurred and is continuing, such consent of the Borrower shall not be required) received at least three (3) Business Days prior to the end of an Interest Period (the “"Terminating Tranche”") for any Liquidity Funding, may, effective on the last day of the Terminating Tranche: (i) divide any such Liquidity Funding into multiple Liquidity Fundings, (ii) combine any such Liquidity Funding with one or more other Liquidity Fundings that have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Liquidity Funding with a new Liquidity Funding to be made by the Liquidity Banks on the day such Terminating Tranche ends.