Common use of Type; Interest Elections Clause in Contracts

Type; Interest Elections. (a) Each Borrowing shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any LIBO Rate Borrowing or Term SOFR Borrowing, shall have an initial Interest Period as specified in such Borrowing Request; provided that any Revolving Loan Borrowing in a Revolving Alternative Currency (other than British Pounds Sterling) shall be a LIBO Rate Borrowing and any Revolving Loan Borrowing in British Pounds Sterling shall be an RFR Loan. Thereafter, the Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing or Term SOFR Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued.

Type; Interest Elections. (a) 58. Each Borrowing initially shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any a LIBO Rate Borrowing, CDOR Rate Borrowing, BBSY Rate Borrowing or Term SOFR EURIBOR Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request; provided that any Revolving Loan Borrowing in a Revolving Alternative Currency (other than British Pounds Sterling) shall be a LIBO Rate Borrowing and any Revolving Loan Borrowing in British Pounds Sterling shall be an RFR Loan. Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing Borrowing, CDOR Rate Borrowing, BBSY Revolving Loan or Term SOFR BorrowingEURIBOR Revolving Loan, may elect Interest Periods therefor, all as provided in this SectionSection 2.08; provided that Revolving Loans denominated in any Alternate Currency shall be Alternate Currency Term Rate Borrowings at all times. The applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders for the relevant Class based upon their Applicable Percentages for such Class and the Revolving Loans of such Class comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued.

Type; Interest Elections. (a) Each Borrowing initially shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any a LIBO Rate Borrowing, CDOR Rate Borrowing, BBSY Rate Borrowing or Term SOFR EURIBOR Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request; provided that any Revolving Loan Borrowing in a Revolving Alternative Currency (other than British Pounds Sterling) shall be a LIBO Rate Borrowing and any Revolving Loan Borrowing in British Pounds Sterling shall be an RFR Loan. Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing Borrowing, CDOR Rate Borrowing, BBSY Revolving Loan or Term SOFR BorrowingEURIBOR Revolving Loan, may elect Interest Periods therefor, all as provided in this SectionSection 2.08; provided that Revolving Loans denominated in any Alternate Currency shall be Alternate Currency Term Rate Borrowings at all times. The applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders for the relevant Class based upon their Applicable Percentages for such Class and the Revolving Loans of such Class comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued.. #94513555v35

Type; Interest Elections. (a) Each Borrowing initially shall initially be of the Type specified in the applicable Borrowing Request (or in the case of the initial Borrowing of Initial USD Term Loans, as specified in the First Amendment, and (for the avoidance of doubt) the requirements of clauses (b) and (c) below shall not apply to such initial Borrowing of Initial USD Term Loans) and, in the case of any a LIBO Rate Borrowing or Term SOFR Borrowing, shall have an initial Interest Period as specified in such Borrowing Request; provided that any Revolving Loan Borrowing in a Revolving Alternative Currency (other than British Pounds Sterling) shall be a LIBO Rate Borrowing and any Revolving Loan Borrowing in British Pounds Sterling shall be an RFR Loan. Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing or Term SOFR Borrowing, may elect Interest Periods therefor, all as provided in this SectionSection 2.08. The applicable Borrower may elect different options Types with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the applicable Lenders based upon their Applicable Percentages and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued.

Type; Interest Elections. (a) 2.8.1. Each Borrowing initially shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any LIBO Rate a SOFR Borrowing or Term SOFR CDORTerm XXXXX Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request; provided that any Revolving Loan Borrowing in a Revolving Alternative Currency (other than British Pounds Sterling) shall be a LIBO Rate Borrowing and any Revolving Loan Borrowing in British Pounds Sterling shall be an RFR Loan. Thereafter, the applicable Borrower may elect to convert any Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate SOFR Borrowing or Term SOFR CDORTerm XXXXX Rate Borrowing, may elect Interest Periods therefor, all as provided in this SectionSection 2.08; provided that Revolving Loans denominated in any Alternate Currency shall be SOFR Borrowings at all times. The applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders for the relevant Class based upon their Applicable Percentages for such Class and the Revolving Loans of such Class comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loans, which may not be converted or continued.