Common use of Borrowing Options Clause in Contracts

Borrowing Options. The Term Loans and the Revolving Loans shall, at the option of Borrower except as otherwise provided in this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Loans, or (iii) part Base Rate Loans and part Eurodollar Loans; provided, however, that prior to the earlier to occur of (a) the 60th day after the Initial Borrowing Date and (b) the date on which Administrative Agent determines in its sole discretion that the primary syndication of the Loans has been completed (with Administrative Agent agreeing to promptly notify Borrower of such determination) (the "Syndication Period"), no Loan may be made or converted, into a Eurodollar Loan with an Interest Period in excess of one month (with all such Interest Periods ending on the same day during such period). As to any Eurodollar Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of Borrower to repay such Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.

Borrowing Options. The Term Loans and the Revolving Loans shall, at the option of Borrower Borrowers except as otherwise provided in this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Loans, or (iii) part Base Rate Loans and part Eurodollar Loans; provided, however, that prior to the earlier to occur of (a) the 60th 90th day after the Initial Borrowing Date and (b) the date on which Administrative Agent determines in its sole discretion that the primary syndication of the Loans has been completed (with Administrative Agent agreeing to promptly notify Borrower Borrowers of such determination) (the "Syndication Period"), no Loan may be made or converted, into a Eurodollar Loan with an Interest Period in excess of one month 14 days (with all such Interest Periods ending on the same day during such period). As to any Eurodollar Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of Borrower Borrowers to repay such Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.

Borrowing Options. The Term Loans and the Revolving Loans shall, at the option of Borrower except as otherwise provided in this Agreement, be (i) Base Rate Loans, (ii) Eurodollar Loans, or (iii) part Base Rate Loans and part Eurodollar Loans; provided, however, that prior to the earlier to occur of (a) the 60th 90th day after the Initial Borrowing Restatement Date and (b) the date on which Administrative Agent determines in its sole discretion that the primary syndication of the Term C Loans has been completed (with Administrative Agent agreeing to promptly notify Borrower of such determination) (the "Syndication Period"), no Term C Loan may be made or converted, into a Eurodollar Loan with an Interest Period in excess of one month 30 days (with all such Interest Periods ending on the same day during such period). As to any Eurodollar Loan, any Lender may, if it so elects, fulfill its commitment by causing a foreign branch or affiliate to make or continue such Loan, provided that in such event that Lender's Loan shall, for the purposes of this Agreement, be considered to have been made by that Lender and the obligation of Borrower to repay such Loan shall nevertheless be to that Lender and shall be deemed held by that Lender, for the account of such branch or affiliate.