Commencement of Interest Period. In the case of any borrowing of, conversion to or continuation of any LIBOR Rate Loan, the Interest Period shall commence on the date of advance or continuation of, or conversion to, any LIBOR Rate Loan and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately preceding Interest Period expires. Upon a conversion from a LIBOR Rate Loan to a Base Rate Loan, interest at the Base Rate Option shall commence on the last day of the existing Interest Period.
Commencement of Interest Period. In the case of any borrowing of, conversion to or continuation of any Term SOFR Rate Loan, the Interest Period shall commence on the date of advance or continuation of, or conversion to, any Term SOFR Rate Loan and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately preceding Interest Period expires. Upon a conversion from a Term SOFR Rate Loan to a Base Rate Loan, interest at the Base Rate Option shall commence on the last day of the existing Interest Period.
Commencement of Interest Period. Subsection 2.2B(iv) of the Credit Agreement is hereby amended by adding the parenthetical phrase "(other than a one-week Interest Period)" immediately after the phrase "any Interest Period" contained in the first line thereof.
Commencement of Interest Period. If the Term Loan is initially made under the LIBOR Rate Option, is converted to or continued at the LIBOR Rate Option, or an Interest Period for all or any portion of the Term Loan is converted, the Interest Period shall commence on the Closing Date, date of conversion to the LIBOR Rate Option, or date of conversion of the Interest Period, as applicable, and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately preceding Interest Period expires. Upon a conversion from the LIBOR Rate Option to the Base Rate Option, interest at the Base Rate Option shall commence on the last day of the existing Interest Period.
