Conversion to Base Rate Sample Clauses

Conversion to Base Rate. Unless ▇▇▇▇▇▇ shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 that LIBO Rate apply to the one, two or three month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Margin until such time as ▇▇▇▇▇▇ elects to request a new LIBO Rate Loan for a subsequent Interest Period.

Conversion to Base Rate. Borrower may elect to convert any LIBOR Loan on the last day of the then current Interest Period relating thereto to a Base Rate Loan by giving Advance Notice to the Administrative Agent of such election.

Conversion to Base Rate. Unless Borrowers shall have elected in accordance with the provisions of ss. 2.4 or this ss. 2.5 that LIBO Rate apply to the one, two, three or six month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate until such time as Borrowers elect to request a new LIBO Rate Loan for a subsequent Interest Period.

Conversion to Base Rate. Any provision of this Agreement to the contrary notwithstanding, if Lender should at any time, in good faith, determine that (i) it is not reasonably possible to determine the LIBOR Index Rate, (ii) the LIBOR Index Rate is no longer available, (iii) it is no longer lawful for Lender to make Loans at a rate based on the LIBOR Index Rate, or (iv) a Default or Event of Default exists and Lender shall so elect; then, in each case, all affected LIR Loans shall automatically and without notice be converted into Base Rate Loans and any Loans made thereafter shall be made as Base Rate Loans until such time as Lender shall have determined that such illegality has been reversed, such condition has ceased to exist, or such Event of Default shall have been waived, as applicable.