Common use of Effect on Interest Options Clause in Contracts

Effect on Interest Options. If notice has been given pursuant to Section -------------------------- 5.1 or Section 5.2 requiring a type of Adjusted Libor Rate Loan to be repaid or converted, then unless and until the Bank notifies the Borrowers that the circumstances giving rise to such repayment no longer apply requiring such repayment or conversion, Adjusted Libor Rate Loans shall thereafter be Base Rate Loans. If the Bank notifies the Borrowers that the circumstances giving rise to such repayment no longer apply, the Borrowers may thereafter select Loans to be the Adjusted Libor Rate Loans in accordance with Section 4.3.A or Section 4.3.B.