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

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan 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 Borrower with the notice provisions contained in §2.9.1 hereof; provided that no 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 Borrower’s account have actual knowledge. In the event that the Borrower fails to provide any such notice with respect to continuation of a Eurocurrency Rate Loan as such, than such Eurocurrency Rate shall be automatically converted to a Base Rate Loan on the last day of the Interest Period relating thereto; provided, however, that in the case of a failure to timely request a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month. The Administrative Agent shall notify the Lenders and the Borrower promptly when any such automatic conversion contemplated by this §2.9.2 is scheduled to occur.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a Revolving Credit Loan of the same Type denominated in Dollars upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower or, as the case may be, Borrowers with the notice provisions contained in §2.9.1 hereofss. 2.8.1; provided that as to any Eurocurrency Rate 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 Borrower’s Borrowers' account have actual knowledge. In the event that the applicable Borrower fails or, as the case may be, Borrowers fail to provide any such notice with respect to the continuation of a any Eurocurrency Rate Loan denominated in Dollars as such, than then as to Eurocurrency Rate Loans denominated in Dollars such Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto; provided, however, that in the case of a failure to timely request a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month. The Administrative Agent shall notify the Lenders and the Borrower promptly when any such automatic conversion contemplated by this §2.9.2 ss. 2.8 is scheduled to occur. All Eurocurrency Rate Loans denominated in an Optional Currency shall be repaid on the last day of the Interest Period relating thereto.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type denominated in Dollars may be continued as a Revolving Credit Loan of the same Type denominated in Dollars upon the expiration of an Interest Period with respect thereto by compliance by the applicable Borrower or, as the case may be, Borrowers with the notice provisions contained in §2.9.1 hereofSection 2.8.1; provided that as to any Eurocurrency Rate 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 Borrower’s Borrowers' account have actual knowledge. In the event that the applicable Borrower fails or, as the case may be, Borrowers fail to provide any such notice with respect to the continuation of a any Eurocurrency Rate Loan denominated in Dollars as such, than then as to Eurocurrency Rate Loans denominated in Dollars such Eurocurrency Rate Loan shall be automatically converted to a Base Rate Loan on the last day of the first Interest Period relating thereto; provided, however, that in the case of a failure to timely request a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month. The Administrative Agent shall notify the Lenders and the Borrower promptly when any such automatic conversion contemplated by this §2.9.2 Section 2.8 is scheduled to occur. All Eurocurrency Rate Loans denominated in an Optional Currency shall be repaid on the last day of the Interest Period relating thereto.

Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan 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 §2.9.1 hereofSection 2.7.1; provided PROVIDED that (a) as to any Eurocurrency Rate 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 Borrower’s Borrowers' account have actual knowledge. In the event that the Borrower fails ; and (b) as to provide any such notice with respect to continuation of a Eurocurrency Rate Loan as such(i) denominated in Pounds Sterling or Euros made to the U.K. Borrower, than or (ii) denominated in Euros made to the Austrian Borrower or the German Borrower, then, in either case, no such Eurocurrency Rate Loan may be continued as such when any Event of Default has occurred and is continuing or the provisions of Section 2.10 hereof have not or cannot be met at the time of such continuation but shall be automatically converted to a Base Eurocurrency Rate Loan having a one (1) month Interest Period on the last day of the then current Interest Period relating thereto; provided, however, that in with respect thereto ending during the case continuance of a failure to timely request a continuation any Event of a Eurocurrency Rate Loan denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period Default of one monthwhich officers of the Administrative Agent active upon the Borrowers' account have actual knowledge. The Administrative Agent shall notify the Lenders and the Borrower promptly when any such automatic conversion contemplated by this §2.9.2 Section 2.7 is scheduled to occur.