Agent's and Bank's Riphts Clause Samples

Agent's and Bank's Riphts. In the case of any event specified in Section 4.4.1 above, the Agent shall promptly so notify the Banks and the Borrower thereof, and in the case of an event specified in Section 4.4.2 above, such Bank shall promptly so notify the Agent and endorse a certificate to such notice as to the specific circumstances of such notice, and the Agent shall promptly send copies of such notice and certificate to the other Banks and the Borrower. Upon such notice, the Borrower shall, subject to the Borrower's indemnification Obligations under Section 5.7.2, as to any Loan of the Bank to which a Euro-Rate Option applies, on the date specified in such notice either (i)as applicable, convert such Loan to the Base Rate Gption otherwise available with respect to such Loan or (ii)prepay such Loan in accordance with Section 5.5. Absent due notice from the Borrower of conversion or prepayment, such Loan shall automatically be converted to the Base Rate Option otherwise available with respect to such Loan upon such specified date.