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

Selection of Interest Periods and Terms. (a) Each Borrower may select an Interest Period for a Revolving Facility Loan in the Utilisation Request for that Revolving Facility Loan. (b) Subject to this Clause 16 each Borrower may select an Interest Period of one (1), three (3) or six (6) Months or (in the case of the Swingline Facility) one (1) through five (5) New York Business Day(s) in relation to the Facility made available to it or any other period agreed between the relevant Borrower and the Agent (acting on the instructions of all the Lenders under the relevant Facility). (c) An Interest Period for a Revolving Facility Loan shall not extend beyond the Final Maturity Date applicable to its Facility. (d) A Revolving Facility Loan and a US Dollar Swingline Loan have one Interest Period only. (e) The Parent and the Agent may select an Interest Period of two (2) weeks (or a shorter period) for the purpose of aligning the Interest Period with the effective date of the Holdco Merger.