Common use of Borrower’s Failure to Notify; Automatic Continuations and Conversions Clause in Contracts

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurodollar Loans or such Borrowing is prepaid in accordance with Section 1.8(a). If the Borrower fails to give notice pursuant to Section 1.5(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurodollar Loans or such Borrowing is prepaid in accordance with Section 1.8(a)) hereof. If the Borrower fails to give notice pursuant to Section 1.5(a) above hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a)) hereof, such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) hereof that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurodollar Eurocurrency Loans denominated in U.S. Dollars or such Borrowing is prepaid in accordance with Section 1.8(a)) hereof. If the Borrower fails to give notice pursuant to Section 1.5(a) above hereof of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Eurocurrency Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) hereof or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Eurocurrency Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a)) hereof, such Borrowing (i) if denominated in U.S. Dollars, shall automatically be converted into a Borrowing of Base Rate LoansLoans and (ii) if denominated in an Alternative Currency, such Eurocurrency Loans shall be continued as Eurocurrency Loans in their original currency with an Interest Period of one (1) month.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a1.6(a) that the Borrower intends to convert such Borrowing, subject to Section 7.1 7.2 hereof, into a Borrowing of Eurodollar Loans or, with respect to a Borrowing of Term B Loans, Fixed Rate Loans or such Borrowing is prepaid in accordance with Section 1.8(a1.9(a). If the Borrower fails to give notice pursuant to Section 1.5(a1.6(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a1.6(a) or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 7.2 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfiedsatisfied (unless such conditions have been waived in accordance with the terms of this Agreement), and such Borrowing is not prepaid in accordance with Section 1.8(a1.9(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans.

Borrower’s Failure to Notify; Automatic Continuations and Conversions. Any outstanding Borrowing of Base Rate Loans shall automatically be continued for an additional Interest Period on the last day of its then current Interest Period unless the Borrower has notified the Administrative Agent within the period required by Section 1.5(a) that the Borrower intends to convert such Borrowing, subject to Section 7.1 hereof, into a Borrowing of Eurodollar Loans or such Borrowing is prepaid in accordance with Section 1.8(a). If the Borrower fails to give notice pursuant to Section 1.5(a) above of the continuation or conversion of any outstanding principal amount of a Borrowing of Eurodollar Loans before the last day of its then current Interest Period within the period required by Section 1.5(a) or, whether or not such notice has been given, one or more of the conditions set forth in Section 7.1 for the continuation or conversion of a Borrowing of Eurodollar Loans would not be satisfied, and such Borrowing is not prepaid in accordance with Section 1.8(a), such Borrowing shall automatically be converted into a Borrowing of Base Rate Loans. If no Interest Period is specified in any such notice with respect to any conversion to or continuation of a Eurodollar Loan, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.