Common use of Selection of Interest Rate Options Clause in Contracts

Selection of Interest Rate Options. If the Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.11 [Interest Periods], the Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans as the case may be, commencing upon the last day of the existing Interest Period, and such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowers fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.11 4.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans as the case may be, commencing upon the last day of the existing Interest Period, and such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowers fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Euro Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.11 4.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans Loans, as the case may be, commencing upon the last day of the existing Interest Period, and such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowers fail Borrower fails to select a new Interest Period or Optional Currency to apply to any Borrowing Tranche of Loans under the Euro-LIBOR Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.11 3.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate OptionOption or to an Optional Currency Loan in the same Optional Currency, as applicable to Revolving Credit Loans or Term Loans as the case may beapplicable, commencing upon the last day of the existing Interest Period, Period and such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowers fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 2.11 4.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option, as applicable to Revolving Credit Loans or Term Loans as the case may be, be commencing upon the last day of the existing Interest Period, Period and such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.