Common use of Substitute ABR Loans Clause in Contracts

Substitute ABR Loans. If the obligation of any Lender to make Term Benchmark Loans shall be suspended pursuant to Section 6.01, 6.02 or 6.03 hereof, all Loans in Dollars which would otherwise be made by such Lender as Term Benchmark Loans shall be made instead as ABR Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Dollar-denominated Term Benchmark Loan of such Lender then outstanding shall be automatically converted into an ABR Loan on the date specified by such Lender in such notice) and, to the extent that Term Benchmark Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to such Term Benchmark Loans shall be applied instead to such ABR Loans. If the obligation of any Lender to make CXXXX Rate Loans shall be suspended pursuant to Section 6.01 or 6.03 hereof, all Loans in Canadian Dollars which would otherwise be made by such Lender as CXXXX Rate Loans shall be made instead as C$ Prime Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Canadian Dollar-denominated CXXXX Rate Loan of such Lender then outstanding shall be automatically converted into a C$ Prime Loan on the date specified by such Lender in such notice) and, to the extent that CXXXX Rate Loans are so made as (or converted into) C$ Prime Loans, all payments of principal which would otherwise be applied to such CXXXX Rate Loans shall be applied instead to such C$ Prime Loans.

Substitute ABR Loans. If the obligation of any Lender to make Term Benchmark Loans shall be suspended pursuant to Section 6.01, 6.02 or 6.03 hereof, all Loans in Dollars which would otherwise be made by such Lender as Term Benchmark Loans shall be made instead as ABR Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Dollar-denominated Term Benchmark Loan of such Lender then outstanding shall be automatically converted into an ABR Loan on the date specified by such Lender in such notice) and, to the extent that Term Benchmark Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to such Term Benchmark Loans shall be applied instead to such ABR Loans. If the obligation of any Lender to make CXXXX Rate CDOR Loans shall be suspended pursuant to Section 6.01 6.01, 6.02 or 6.03 hereof, all Loans in Canadian Dollars which would otherwise be made by such Lender as CXXXX Rate CDOR Loans shall be made instead as C$ Prime Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Canadian Dollar-denominated CXXXX Rate CDOR Loan of such Lender then outstanding shall be automatically converted into a C$ Prime Loans Loan on the date specified by such Lender in such notice) and, to the extent that CXXXX Rate CDOR Loans are so made as (or converted into) C$ Prime Loans, all payments of principal which would otherwise be applied to such CXXXX Rate CDOR Loans shall be applied instead to such C$ Prime Loans.

Substitute ABR Loans. If the obligation of any Lender to make Term Benchmark Loans shall be suspended pursuant to Section 6.01, 6.02 or 6.03 hereof, all Loans in Dollars which would otherwise be made by such Lender as Term Benchmark Loans shall be made instead as ABR Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Dollar-denominated Term Benchmark Loan of such Lender then outstanding shall be automatically converted into an ABR Loan on the date specified by such Lender in such notice) and, to the extent that Term Benchmark Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to such Term Benchmark Loans shall be applied instead to such ABR Loans. If the obligation of any Lender to make CXXXX CDORCORRA Rate Loans shall be suspended pursuant to Section 6.01 6.01, 6.02 or 6.03 hereof, all Loans in Canadian Dollars which would otherwise be made by such Lender as CXXXX CDORCORRA Rate Loans shall be made instead as C$ Prime Loans (and, if an event referred to in Section 6.01(b) or 6.03 hereof has occurred and such Lender so requests by notice to the Company with a copy to the Administrative Agent, each Canadian Dollar-denominated CXXXX CDORCORRA Rate Loan of such Lender then outstanding shall be automatically converted into a C$ Prime Loans Loan on the date specified by such Lender in such notice) and, to the extent that CXXXX CDORCORRA Rate Loans are so made as (or converted into) C$ Prime Loans, all payments of principal which would otherwise be applied to such CXXXX CDORCORRA Rate Loans shall be applied instead to such C$ Prime Loans.