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

Selection and Continuation of Interest Periods. (a) Subject to the provisions of Section 1.2 and 1.6(c) relating to Loans made by any Lender, Borrower shall from time to time request Interest Periods for the Liquidity Fundings of a Lender Group by providing notice to the related Lender Group Agent in accordance with the provisions of Section 4.4, provided that if at any time any Liquidity Funding is outstanding for a Lender Group, Borrower shall always request Interest Periods for such Lender Group such that at least one Interest Period for such Lender Group shall end on the next succeeding Settlement Date; provided, further, that if no Interest Period is so selected, the Interest Period shall be one month.