Substitute Loans. If (i) the obligation of any Bank to make Eurocurrency Loans or Swingline Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03 and the Company shall, by at least five Eurocurrency Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section 8.05 shall apply to such Bank, then, unless and until such Bank notifies the Company and the Agent that the circumstances giving rise to such suspension or demand for compensation no longer apply, all Loans which would otherwise be made by such Bank as (or continued as or converted to) Eurocurrency Loans or Swingline Loans shall be made instead as Floating Rate Loans (on which interest and principal shall be payable contemporaneously with the related Eurocurrency Loans of the other Banks, as applicable). If such Bank notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer exist, the principal amount of each such Floating Rate Loan made in substitution of a Eurocurrency Loan shall be converted into a Eurocurrency Loan on the first day of the next succeeding Interest Period applicable to the related Eurocurrency Loans of the other Banks, and each such Floating Rate Loan made in substitution of a Swingline Loan shall be converted into a Swingline Loan on a date mutually agreeable to the Swingline Lender and the applicable Borrower.
Substitute Loans. 57 SECTION 8.06. Substitution of Bank.............................................................. 57
Substitute Loans. A. Purchase Prices $_________
B. Substitution Adjustment $_________
Substitute Loans. If (a) the obligation, if any, of any Lender to make any type of Fixed Rate Loans has been suspended pursuant to Section 3.8 or (b) any Lender has demanded compensation under Section 3.9(a) and the Borrowers shall, by at least five Business Days' prior notice to such Lender through the Agent, have elected that the provisions of this Section 3.10 shall apply to such Lender, then, unless and until such Lender notifies the Borrowers that the circumstances giving rise to such suspension or demand for compensation no longer apply:
(i) all Loans which would otherwise be made by such Lender as the affected type of Fixed Rate Loans shall be made instead as Loans at the Floating Rate, for an Interest Period coincident with the related Fixed Rate Borrowing, and
(ii) after each of its affected Fixed Rate Loans has been repaid, all payments of principal which would otherwise be applied to repay such Fixed Rate Loans shall be applied to repay its substitute loans instead.
Substitute Loans. If (i) the obligation of any Bank to make ---------------- Euro-Currency Loans has been suspended pursuant to Section 8.01(b) or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:
(a) all Loans denominated in Dollars which would otherwise be made by such Bank as Euro-Currency Loans shall be made instead as Base Rate Loans,
(b) all Loans denominated in a currency other than Dollars which would otherwise be made by such Bank as Euro-Currency Loans shall be made instead as Base Rate Loans in Dollars in a principal amount equal to the Dollar Amount of the principal amount of such Euro-Currency Loans, and
(c) after each of its Euro-Currency Loans has been repaid, all payments of principal which would otherwise be applied to repay such Fixed Rate Loans shall instead be applied to repay its Loans made pursuant to Section 8.02 or clauses (a) or (b) above.
Substitute Loans. If (i) the obligation of any Bank to make, convert into or continue Euro-Currency Loans has been suspended pursuant to Section 8.01(b) or 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Currency Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:
(a) all Loans denominated in Dollars which would otherwise be made, converted into or continued by such Bank as CD Loans or Euro-Currency Loans, as the case may be, shall be made instead as Base Rate Loans or, if any Borrower shall so elect in its Notice of Borrowing or Notice of Interest Rate Election, CD Loans or Euro-Currency Loans (whichever type is not affected by such circumstances) for an Interest Period coincident with the related Group of Fixed Rate Loans,
(b) all Loans denominated in a currency other than Dollars which would otherwise be made, converted into or continued by such Bank as Euro-Currency Loans shall be made instead as Base Rate Loans or, if any Borrower shall so elect in its Notice of Borrowing or Notice of Interest Rate Election, CD Loans, in each case for an Interest Period coincident with the related Group of Euro-Currency Loans and in Dollars in a principal amount equal to the Dollar Amount of the principal amount of such Euro-Currency Loans, and
(c) after each of its CD Loans or Euro-Currency Loans, as the case may be, has been repaid or converted, all payments of principal which would otherwise be applied to repay such Fixed Rate Loans shall instead be applied to repay its Loans made pursuant to Section 8.02 or clauses (a) or (b) above.
Substitute Loans. If (a) the obligation, if any, of any Bank to make any type of Fixed Rate Loans has been suspended pursuant to Section 5.2 or (b) any Bank has demanded compensation under Section 5.3(a) and the Company shall, by at least five Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section 5.4 shall apply to such Bank, then, unless and until such Bank notifies the Company that the circumstances giving rise to such suspension or demand for compensation no longer apply:
(i) all Loans which would otherwise be made by such Bank as the affected type of Fixed Rate Loans shall be made instead as Floating Rate Loans, or if the Company shall so elect in the Notice of Borrowing, another type of Fixed Rate Loan (whichever type is not affected by such circumstances) for an Interest Period coincident with the related Fixed Rate Borrowing, and
(ii) after each of its affected Fixed Rate Loans has been repaid, all payments of principal which would otherwise be applied to repay such Fixed Rate Loans shall be applied to repay its Substitute Loans instead.
Substitute Loans. If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Agent, have elected that the provisions of this Section 8.04 shall apply to such Bank, then, unless and until such Bank notifies the Borrower and the Agent that the circumstances giving rise to such suspension or demand for compensation no longer apply, all Loans which would otherwise be made by such Bank as CD Loans or Euro-Dollar Loans, as the case may be, shall be made instead as Base Rate Loans (on which interest and principal shall be payable contemporaneously with the related Fixed Rate Loans of the other Banks) or, if the Borrower shall so elect in the Notice of Borrowing, CD Loans or Euro-Dollar Loans (whichever type is not affected by such circumstances) for an Interest Period coincident with the related Fixed Rate Borrowing.
Substitute Loans. 48 SECTION 8.05.
Substitute Loans. If any Bank has demanded compensation under this Section 9.03, at the option of the Borrower and upon five Business Days notice to Agent and such Bank, unless and until such Bank has notified Borrower and Agent that the circumstances giving rise to such demand no longer exist, (i) all Loans that would otherwise be made by such Bank of the Type for which the Bank has demanded compensation shall be made at the Borrower's option as any Type of Loan not affected by such demand (on which interest and principal shall be payable contemporaneously with the related Loans constituting the applicable Borrowing of the other Banks), and/or (ii) any outstanding Loans of such Bank of the Type affected by the demand shall be immediately prepaid in full with accrued interest thereon and the Borrower shall pay in full any amounts required pursuant to Section 2.13 hereof. Concurrently with prepaying each such Loan, the Borrower shall borrow at its option a Loan of any Type not affected by the demand in an equal principal amount from such Bank (on which interest and principal shall be payable contemporaneously with the related Loans constituting the applicable Borrowing of the other Banks), and such Bank shall make such Loan.
