Common use of Continuation of Type of Revolving Credit Loan Clause in Contracts

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parent's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower Borrowers with the notice provisions contained in ss.2.7.1§ 2.4.1; provided that (a) as to Eurocurrency no Eurodollar Rate Loans denominated in Dollars, no such Eurocurrency Loan or Canadian Eurodollar Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but (a) in the case of any Eurodollar Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Parent's Borrowers’ account have actual knowledge; knowledge and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency the case of any Canadian Eurodollar Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower Borrowers on the last day of the first Interest Period relating theretothereto ending during the continuance of such Default or Event of Default. In the event that a Borrower fails the Borrowers fail to provide any such notice with respect to the continuation of any Eurocurrency Eurodollar Rate Loan as such, then (a) as to Eurocurrency such Eurodollar Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto. In the event that the Borrowers fail to provide any such notice with respect to the continuation of any Canadian Eurodollar Rate Loan as such, and (b) as to Eurocurrency then such existing Canadian Eurodollar Rate Advances denominated in an Optional Currency, Loan shall be repaid automatically continued on the last day of the then current Interest Period relating theretoas a new Canadian Eurodollar Rate Loan for a 1-month Interest Period. The Administrative Agent shall notify the Banks Lenders promptly when any such automatic conversion or continuation contemplated by this ss.2.7 § 2.4 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1Section 2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parentapplicable Borrower's account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any a Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 Section 2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable relevant Borrower on the last day of the Interest Period relating thereto. In the event that a the applicable Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the -28- 38 first Interest Period relating thereto, thereto and (b) as to any Eurocurrency Rate Advances Loan denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parent's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars or Canadian Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan in the applicable currency on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the ParentCompany's account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any a Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable relevant Subsidiary Borrower on the last day of the Interest Period relating thereto. In the event that a the applicable Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan denominated in Dollars or Canadian Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, ; and (b) as to any Eurocurrency Rate Advances Loan denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the ParentCompany's account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any a Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable relevant Subsidiary Borrower on the last day of the Interest Period relating thereto. In the event that a the applicable Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, ; and (b) as to any Eurocurrency Rate Advances Loan denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to any Eurocurrency Rate Loans Loan denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the Parent's Borrowers' account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in Optional CurrencyEuros, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or and is continuing or the provisions of ss.2.9 ss.2.10 hereof have not or cannot be met at the time of such continuation, continuation but shall be repaid by the applicable Borrower Foreign Borrowers on the last day of the Interest Period relating thereto. In the event that a Borrower fails the Borrowers fail to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Euros, such Eurocurrency Rate Loans shall be automatically continued as such on the last day of the first Interest Period relating thereto for a one (1) month Interest Period, and (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Administrative Agent shall notify the Banks Lenders promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1Section 2.7.1; provided that (a) as to any Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the ParentBorrower's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a the Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Euros or Dutch guilders, such Eurocurrency Rate Loans shall be automatically continued as such on the last day of the first Interest Period relating thereto for a one (1) month Interest Period; (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (bc) as to Eurocurrency Rate Advances Loans denominated in an any other Optional Currency, such Eurocurrency Rate Loans shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable a Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parent's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1§2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parent's Borrower’s account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 §2.9 hereof have not or cannot be met at the time of such continuation, continuation but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a the Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances Loans denominated in an Optional Currency, such Eurocurrency Rate Loans shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 §2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by 37 compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1Section 2.9.1; provided that (a) as to any Eurocurrency Rate Loans Loan denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative Agent active upon the ParentBorrower's account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or and is continuing or the provisions of ss.2.9 Section 2.11 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a the Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in an Optional Currency, such Eurocurrency Rate Loans shall be automatically continued as such on the last day of the first Interest Period relating thereto for a one (1) month Interest Period, and (b) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Administrative Agent shall notify the Banks Lenders promptly when any such automatic conversion contemplated by this ss.2.7 Section 2.9 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1Section 2.7.1; provided that (a) as to any Eurocurrency Rate Loans Loan denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the ParentBorrower's account have actual knowledge; and (b) as to any Eurocurrency Rate Loans Loan denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any (i) a Default or of Event of Default has occurred or is continuing or (ii) the provisions of ss.2.9 Section 2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a the Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan denominated in Dollars shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, ; and (b) as to any Eurocurrency Rate Advances Loan denominated in an Optional Currency, shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 Section 2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the ParentBorrower's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in an Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, continuation but shall be repaid by the applicable Borrower on the last day of the Interest Period relating thereto. In the event that a the Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans Loan shall be automatically converted to a Base Prime Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances Loans denominated in an Optional Currency, such Eurocurrency Rate Loans shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance on the Overdraft Facility) of any Type may be continued as a Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the applicable Revolver Borrower with the notice provisions contained in ss.2.7.1; provided that (a) as to Eurocurrency Rate Loans denominated in Dollars, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Agent active upon the Parent's account have actual knowledge; and (b) as to Eurocurrency Rate Loans denominated in Optional Currency, no such Eurocurrency Rate Loan may be continued as such when any Default or Event of Default has occurred or is continuing or the provisions of ss.2.9 hereof have not or cannot be met at the time of such continuation, but shall be repaid by the applicable Revolver Borrower on the last day of the Interest Period relating thereto. In the event that a Revolver Borrower fails to provide any such notice with respect to the continuation of any Eurocurrency Rate Loan as such, then (a) as to Eurocurrency Rate Loans denominated in Dollars, such Eurocurrency Rate Loans shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto, and (b) as to Eurocurrency Rate Advances Loans denominated in an Optional Currency, such Eurocurrency Rate Loans shall be repaid on the last day of the Interest Period relating thereto. The Agent shall notify the Banks promptly when any such automatic conversion contemplated by this ss.2.7 is scheduled to occur.