Special Provisions Governing Eurocurrency Rate Loans. Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect to Eurocurrency Rate Loans as to the matters covered:
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrower containing a permitted election to continue any Eurocurrency Rate Loans or EURIBOR Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, (x) any Dollar Loans shall be automatically converted to Base Rate Loans, (y) any Sterling Loans shall be automatically continued as Eurocurrency Rate Loans with an Interest Period of one month and (z) any Euro Loans shall be automatically continued as EURIBOR Rate Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable. During the existence of an Event of Default, the Administrative Agent or the Requisite Lenders may require that any Revolving Loans denominated in Alternative Currencies shall be automatically continued as Eurocurrency Rate Loans or EURIBOR Rate Loans, as applicable, with an Interest Period of one month on the last day of the then current Interest Period with respect thereto.
Special Provisions Governing Eurocurrency Rate Loans. With respect to Eurocurrency Rate Loans requested or continuing or as a result of the conversion of Base Rate Loans thereto:
(a) Amount of Eurocurrency Rate Loans. Each Eurocurrency Rate Loan shall be for a minimum amount of $1,000,000 (or the equivalent thereof in the applicable Alternative Currency) and in integral multiples of $250,000 (or the equivalent thereof in the applicable Alternative Currency) in excess of that amount.
(b) Determination of Eurocurrency Rate Interest Period. By giving notice as set forth in Section 2.01(c) (with respect to a Borrowing of Eurocurrency Rate Loans) or Section 5.01(c) (with respect to a conversion into or continuation of Eurocurrency Rate Loans), the U.S. Borrower shall have the option, subject to the other provisions of this Section 5.02, to select a Eurocurrency Rate Interest Period to apply to the Revolving Loans to be made to either Borrower described in such notice, subject to the following provisions:
(i) The U.S. Borrower may only select, as to a particular Borrowing of Eurocurrency Rate Loans (A) which are Revolving Loans, a Eurocurrency Rate Interest Period of one, two, three or six months in duration and (B) which are Swing Loans, a Eurocurrency Rate Interest Period of one week in duration;
(ii) In the case of immediately successive Eurocurrency Rate Interest Periods applicable to a Borrowing of Eurocurrency Rate Loans, each successive Eurocurrency Rate Interest Period shall commence on the day on which the next preceding Eurocurrency Rate Interest Period expires;
(iii) If any Eurocurrency Rate Interest Period would otherwise expire on a day which is not a Business Day, such Eurocurrency Rate Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, such Eurocurrency Rate Interest Period shall expire on the immediately preceding Business Day;
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, Loans denominated in Dollars shall be automatically converted to Base Rate Loans and Loans denominated in Euros shall be automatically continued as Eurocurrency Loans with an Interest Period of one month. Each Notice of Conversion or Continuation shall be irrevocable.
Special Provisions Governing Eurocurrency Rate Loans. (a) Determination of Interest Rate. The Adjusted Eurocurrency Rate for each Interest Period for Eurocurrency Rate Loans shall be determined by the Administrative Agent pursuant to the procedures set forth in the definition of “Eurocurrency Rate”. The Administrative Agent’s determination shall be presumed to be correct and binding on the Loan Parties, absent manifest error.
(b) Interest Rate Unascertainable, Inadequate or Unfair. In the event that (i) the Administrative Agent reasonably determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the Eurocurrency Rate then being determined is to be fixed or (ii) the Requisite Lenders reasonably determine and notify the Administrative Agent that the Eurocurrency Rate for any Interest Period will not adequately reflect the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon each Eurocurrency Rate Loan shall automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan, and the obligations of the Lenders to make Eurocurrency Rate Loans, or to convert Base Rate Loans into Eurocurrency Rate Loans denominated in Dollars, shall be suspended until the Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the circumstances causing such suspension no longer exist. (c)
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.9, the Administrative Agent does not receive a Notice of Continuation from the Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period then, upon the expiration of the applicable Interest Period, such Eurocurrency Rate Loans shall be automatically continued as with an interest period of one month (or if consented by all Lenders, seven days). Each Notice of Continuation shall be irrevocable.
Special Provisions Governing Eurocurrency Rate Loans the Notice of Borrowing specifies that all or a portion thereof shall be (i) in Alternative Currency and/or (ii) Eurocurrency Rate Loans or EURIBOR Rate Loans. Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing Loans), if any Notice of Borrowing requests a Borrowing of Base Rate Loans, the Administrative Agent may make a Swing Loan available to the Borrower in an aggregate amount not to exceed such proposed Borrowing, and the aggregate amount of the corresponding proposed Borrowing shall be reduced accordingly by the principal amount of such Swing Loan. Each Borrowing shall be in an aggregate amount of not less than the Minimum Threshold.
Special Provisions Governing Eurocurrency Rate Loans. (a) Determination of Interest Rate. The Eurocurrency Rate for each Interest Period for Eurocurrency Rate Loans shall be determined by the Administrative Agent pursuant to the procedures set forth in the definition of “Eurocurrency Rate.” The Administrative Agent’s determination shall be presumed to be prima facie evidence thereof.
Special Provisions Governing Eurocurrency Rate Loans. If, within the time period required under the terms of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Company or the applicable Borrower containing a permitted election to continue any Eurocurrency Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans shall be automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable.
Special Provisions Governing Eurocurrency Rate Loans the Notice of Borrowing specifies that all or a portion thereof shall be Eurocurrency Rate Loans.
