Common use of Effect on Interest Options Clause in Contracts

Effect on Interest Options. If notice has been given pursuant to Section 4.1 requiring a type of Eurodollar Loan to be repaid or converted, then unless and until the Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, all Loans shall thereafter be Alternate Base Rate Loans. If the Bank notifies the Borrower that the circumstances giving rise to such repayment no longer apply, the Borrower may thereafter select Loans to be Eurodollar Loans in accordance with Section 3.2.A.(1).

Effect on Interest Options. If notice has been given pursuant to Section 4.1 6.1 or Section 6.2 requiring a type of Eurodollar Loan to be repaid or converted, then unless and until the Bank Agent notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, all Loans shall thereafter be Alternate Base Rate Loans. If the Bank Agent notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply, the Borrower Borrowers may thereafter select Loans to be Eurodollar Loans in accordance with Section 3.2.A.(15.4.A.(1) or Section 5.4.B.(1).

Effect on Interest Options. If notice has been given pursuant to Section 4.1 or Section 4.2 requiring a type of Eurodollar Loan to be repaid or converted, then unless and until the Bank Agent notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, all Loans shall thereafter be Alternate Base Rate Loans. If the Bank Agent notifies the Borrower Borrowers that the circumstances giving rise to such repayment no longer apply, the Borrower Borrowers may thereafter select Loans to be Eurodollar Loans in accordance with Section 3.2.A.(1).