Common use of Continuation Options Clause in Contracts

Continuation Options. Subject to the provisions made in this Section 2.02(d), the Borrower may elect to continue all or any part of any Revolving Eurodollar Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in Section 2.02(c) to the Administrative Agent (which shall promptly notify the Revolving Lenders) of such election, specifying the amount of such Revolving Eurodollar Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such Revolving Eurodollar Loan to a Revolving Base Rate Loan pursuant to Section 2.02(e). All or any part of any Revolving Eurodollar Loan may be continued as provided herein; provided that (i) any continuation of any such Revolving Eurodollar Loan (or any part thereof) shall be in amounts of at least $2,500,000 or any whole multiple of $500,000 in excess thereof and (ii) no Event of Default shall have occurred and be continuing. If an Event of Default shall have occurred and be continuing, each Revolving Eurodollar Loan shall be converted to a Revolving Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this Section 2.02(d), the Borrower may elect to continue all or any part of any Revolving Eurodollar Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in Section 2.02(c) to the Administrative Agent (which shall promptly notify the Revolving Lenders) of such election, specifying the amount of such Revolving Eurodollar Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such Revolving Eurodollar Loan to a Revolving Base Rate Loan pursuant to Section 2.02(e)) on the last day of the then expiring Interest Period. All or any part of any Revolving Eurodollar Loan may be continued as provided herein; , provided that (i) any continuation of any such Revolving Eurodollar Loan (or any part thereof) shall be (as to each Loan as continued for an applicable interest Period) in amounts of at least $2,500,000 1,000,000 or any whole multiple of $500,000 1,000,000 in excess thereof and (ii) no Event of Default shall have occurred and be continuing. If an Event of a Default shall have occurred and be continuing, each Revolving Eurodollar Loan shall be converted to a Revolving Base Rate Loan on the last day of the Interest Period applicable thereto.

Continuation Options. Subject to the provisions made in this Section 2.02(d), the Borrower may elect to continue all or any part of any Revolving Eurodollar SOFR Loan beyond the expiration of the then current Interest Period relating thereto by giving advance notice as provided in Section 2.02(c) to the Administrative Agent (which shall promptly notify the Revolving Lenders) of such election, specifying the amount of such Revolving Eurodollar SOFR Loan to be continued and the Interest Period therefor. In the absence of such a timely and proper election, the Borrower shall be deemed to have elected to convert such Revolving Eurodollar SOFR Loan to a Revolving Base Rate Loan pursuant to Section 2.02(e). All or any part of any Revolving Eurodollar SOFR Loan may be continued as provided herein; provided that (i) any continuation of any such Revolving Eurodollar SOFR Loan (or any part thereof) shall be in amounts of at least $2,500,000 or any whole multiple of $500,000 in excess thereof and (ii) no Event of Default shall have occurred and be continuing. If an Event of Default shall have occurred and be continuing, each Revolving Eurodollar SOFR Loan shall be converted to a Revolving Base Rate Loan on the last day of the Interest Period applicable thereto.