Common use of Special Provisions Governing Fixed Rate Loans Clause in Contracts

Special Provisions Governing Fixed Rate Loans. With respect to Fixed Rate Loans: (a) Determination of Interest Period. By giving notice as set forth in Section 2.01(d) (with respect to a new Borrowing of Domestic Loans or Multicurrency Loans) or Section 4.01(c) (with respect to a conversion into or continuation of a Fixed Rate Loan), the applicable Borrower shall have the option, subject to the other provisions of this Section 4.02, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) (A) Such Domestic Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either one (1), two (2), three (3) or six (6) months in duration and (B) such Multicurrency Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either seven (7) days, fourteen (14) days, one (1) month, two (2) months, three (3) months or six (6) months in duration; (ii) In the case of immediately successive Interest Periods applicable to a Borrowing of Fixed Rate Loans, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (iii) If any Interest Period would otherwise expire on a day which is not a Business Day, such 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 shall be no succeeding Business Day in such calendar month, such Interest Period shall expire on the immediately preceding Business Day; (iv) Such Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Termination Date; and (v) There shall be no more than ten (10) Interest Periods in effect at any one time.

Special Provisions Governing Fixed Rate Loans. With respect to Fixed Rate Loans: (a) Determination of Interest Period. By giving notice as set forth in Section 2.01(d) (with respect to a new Borrowing of Domestic Loans or Multicurrency Loans) or Section 4.01(c) (with respect to a conversion into or continuation of a Fixed Rate Loan), the applicable Borrower shall have the option, subject to the other provisions of this Section 4.02, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) (A) Such Domestic Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either one (1), two (2), three (3) or six (6) months in duration and (B) such Multicurrency Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either seven (7) days, fourteen (14) days, one (1) month, two (2) months, three (3) months or six (6) months in duration; (ii) In the case of immediately successive Interest Periods applicable to a Borrowing of Fixed Rate Loans, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (iii) If any Interest Period would otherwise expire on a day which is not a Business Day, such 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 shall be no succeeding Business Day in such calendar month, such Interest Period shall expire on the immediately preceding Business Day; (iv) Such Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Termination Date; and (v) There shall be no more than ten (10) Interest Periods in effect at any one time.

Special Provisions Governing Fixed Rate Loans. With respect to Fixed Rate Loans: (a) Determination of Interest PeriodDETERMINATION OF INTEREST PERIOD. By giving notice as set forth in Section SECTION 2.01(d) (with respect to a new Borrowing of Domestic Loans or Multicurrency Loans) or Section SECTION 4.01(c) (with respect to a conversion into or continuation of a Fixed Rate Loan), the applicable Borrower shall have the option, subject to the other provisions of this Section SECTION 4.02, to select an interest period (each, an “Interest Period”"INTEREST PERIOD") to apply to the Loans described in such notice, subject to the following provisions: (i) (A) Such Domestic Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either one (1), two (2), three (3) or six (6) months in duration and (B) such Multicurrency Borrower may only select, as to a particular Borrowing of Fixed Rate Loans, an Interest Period of either seven (7) days, fourteen (14) days, one (1) month, two (2) months, three (3) months or six (6) months in duration; (ii) In the case of immediately successive Interest Periods applicable to a Borrowing of Fixed Rate Loans, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; (iii) If any Interest Period would otherwise expire on a day which is not a Business Day, such 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 shall be no succeeding Business Day in such calendar month, such Interest Period shall expire on the immediately preceding Business Day; (iv) Such Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Termination Date; and; (v) There shall be no more than ten (10) Interest Periods in effect at any one time; and (vi) No Fixed Rate Loan may be borrowed on the Closing Date, and no Notice of Conversion/Continuation may be delivered prior to the Closing Date.