Common use of Selection of Interest Periods Clause in Contracts

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months or such other period as may be agreed (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from of one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the relevant Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, two or three months or six months such other period as otherwise requested and acceptable to the Administrative Agent (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and; (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day; and (d) no Interest Period shall extend beyond the Maturity Date.

Selection of Interest Periods. With respect to each LIBOR Term Benchmark Loan, the Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, twoone (1) month, three (3) months or six (6) months (subject or such other periods which are acceptable to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))all Lenders; (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding under the Credit Facility at any time being not more less than ten (10)five); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the applicable Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Term Benchmark Loan, the relevant Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the applicable Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods for LIBOR Loans shall have a duration from of one, two, three three, six, nine or six twelve months (subject to availability and to shall end on or before the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))Maturity Date; (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit Accommodation is obtained made available by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Term Benchmark Loan, the relevant Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months or such other period as may be agreed (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, Term Benchmark Loan the Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the applicable Interest Period provided that: (a) Interest Periods shall have a duration from one, two, two or three months or six months such other period as otherwise requested and acceptable to the Administrative Agent (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and; (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day; and (d) no Interest Period shall extend beyond the Maturity Date.

Selection of Interest Periods. With respect to each LIBOR Loan, the applicable Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods for LIBOR Loans shall have a duration from oneof 1 month, two2 months, three 3 months or six months (subject to availability and to the aggregate number of 6 months; other Interest Periods with different dates outstanding being not more than ten (10))will be available in the sole discretion of the Lenders; (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) subject to paragraph 6.4(d) below, Interest Periods shall have a duration from of one, two, three or six months or such shorter or longer period as the Borrower and the Lenders may otherwise agree (subject to availability and to the aggregate number of Interest Periods with different dates outstanding under the Credit Facility being not more than ten five (105)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and; (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day; and (d) no Period End Date shall be permitted to occur after the Maturity Date.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower Borrowers shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) no LIBOR Loan may have an Interest Period that would end after the Maturity Date; (b) Interest Periods for LIBOR Loans shall have a duration from of one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))months; (bc) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained made available by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (cd) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Term Benchmark Loan, the Borrower Borrowers shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, twoone (1) month, three (3) months or six (6) months (subject or such other periods which are acceptable to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))all Lenders; (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and subject to the aggregate number right of the Administrative Agent, in its sole discretion, to restrict the term or maturity date of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR LIBORTerm Benchmark Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods for LIBORTerm Benchmark Loans shall have a duration from oneof 1 month, two2 months, three 3 months or six 6 months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)availability); (b) the first Interest Period for a LIBOR LIBORTerm Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. ​ With respect to each LIBOR LIBORSOFR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, Notice shall specify the duration of the Interest Period provided that:: ​ (a) Interest Periods shall have a duration from seven days or one, two, three or six months (or, if available to all Lenders, twelve months) (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10));; ​ (b) the first Interest Period for a LIBOR LIBORSOFR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent ​ Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.. ​

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower Borrowers shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) no LIBOR Loan may have an Interest Period that would end after the Credit Facility 1 Maturity Date in the case of Credit Facility 1 or the Credit Facility 2 Maturity Date in the case of Credit Facility 2; (b) Interest Periods for LIBOR Loans shall have a duration from of one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))months; (bc) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained made available by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (cd) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months or such other period as may be agreed (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.. DM_TOR/208573-00204/2193933.9

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened the amount of each such Letter for which Lenders other than the Issuing Lender have agreed to end reimburse the Issuing Lender for any amounts drawn hereunder and for a period of time equal to the number of days in the preceding Fiscal Quarter on the immediately preceding Banking Daywhich such Letter was outstanding. Each such payment is non-refundable and fully earned when due.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, shall specify the duration of the Interest Period provided that: (a) : Interest Periods shall have a duration from seven days or one, two, three or six months (or, if available to all Lenders, twelve months) (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) ; the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) and if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and to the aggregate number right of the Administrative Agent, in its discretion, to restrict the term or maturity dates of Interest Periods with different dates outstanding being not more than ten (10)Periods); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Term Benchmark Loan, the Borrower shall specify in the Drawdown Notice, Rollover Conversion Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months (subject to availability and months, or such other periods which are acceptable to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10))Administrative Agent, in its sole discretion; (b) the first Interest Period for a LIBOR Term Benchmark Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from of one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from seven days or one, two, three or six months (or, if available to all Lenders, twelve months) (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more less than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower shall specify in the Drawdown Notice, Rollover Notice or Conversion Rollover Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from one, two, three or six months or such other period as the Borrower and the Administrative Agent may otherwise agree (subject to availability and to the aggregate number of Interest Periods with different dates outstanding under the Credit Facility at any time being not more less than ten (10)ten); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.

Selection of Interest Periods. With respect to each LIBOR Loan, the Borrower Borrowers shall specify in the Drawdown Notice, Rollover Notice or Conversion Notice, the duration of the Interest Period provided that: (a) Interest Periods shall have a duration from of one, two, three or six months (subject to availability and to the aggregate number of Interest Periods with different dates outstanding being not more than ten (10)); (b) the first Interest Period for a LIBOR Loan shall commence on and include the day on which credit is obtained by way of such Loan and each subsequent Interest Period applicable thereto shall commence on and include the date of the expiry of the immediately preceding Interest Period applicable thereto; and (c) if any Interest Period would end on a day which is not a Banking Day, such Interest Period shall be extended to the next succeeding Banking Day unless such next succeeding Banking Day falls in the next calendar month, in which case such Interest Period shall be shortened to end on the immediately preceding Banking Day.