Common use of Interest and Interest Payment Dates Clause in Contracts

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate or Daily Simple SOFR with respect to Revolving Loans, each Borrower shall have the option, subject to Section 2.12(b) below (the “Term SOFR Option”) to have interest on all or a portion of its Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan or a Daily Simple SOFR Loan, as the case may be, to a Term SOFR Loan, or upon continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Term SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the Interest Payment Date applicable thereto; (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless the applicable Borrower has properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to such Term SOFR Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written 29 election of the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon Term SOFR or Daily Simple SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate or Adjusted Daily Simple SOFR with respect to Revolving LoansSOFR, each Borrower Borrowers shall have the option, subject to Section 2.12(b) below (the “Term SOFR Option”) to have interest on all or a portion of its the Revolving Loans (other than Swing Loans) be charged (whether at the time when made (unless otherwise provided herein), upon (x) conversion from a Base Rate Loan or a Daily Simple SOFR Loan, as the case may be, Loan to a Term SOFR Loan, Loan or upon (y) continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Adjusted Term SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the Interest Payment Date applicable thereto; thereto , (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless the applicable Borrower has Unless Borrowers have properly exercised the Term SOFR Option with respect to a Term SOFR Loan, prior to the end of the applicable Interest Period thereto, the interest rate applicable to such Term SOFR Loan shall be automatically shall convert converted to the rate of interest then applicable to Base Rate Loans a Daily Simple SOFR Loan as of the same type hereunderlast day of such Interest Period. At any time that an Event of Default has occurred and is continuing, at the written 29 election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a any rate based upon Adjusted Term SOFR or Daily Simple SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate or Daily Simple SOFR with respect to Revolving LoansRate, each Borrower Borrowers shall have the option, subject to Section 2.12(b) below (the “Term SOFR Option”) to have interest on all or a portion of its the Revolving Loans be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan or a Daily Simple SOFR Loan, as the case may be, to a Term SOFR Loan, or upon continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Term SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the last day of the Interest Payment Date Period applicable thereto; provided, that subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three months in duration, interest shall be payable at three month intervals after the commencement of the applicable Interest Period and on the last day of such Interest Period), (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless the applicable Borrower has Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to such Term SOFR Loan automatically shall convert to the rate of interest then applicable to Base Rate Loans of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written 29 election of the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a rate based upon Term SOFR or Daily Simple SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate or Adjusted Daily Simple SOFR with respect to Revolving LoansSOFR, each Borrower Borrowers shall have the option, subject to Section 2.12(b) below (the “"Term SOFR Option”") to have interest on all or a portion of its the Revolving Loans be charged (other than Swing Loans) (whether at the time when made (unless otherwise provided herein), upon (x) conversion from a Base Rate Loan or a Daily Simple SOFR Loan, as the case may be, Loan to a Term SOFR Loan, Loan or upon (y) continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Adjusted Term SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the Interest Payment Date applicable thereto; , (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof. On the last day of each applicable Interest Period, unless the applicable Borrower has Unless Borrowers have properly exercised the Term SOFR Option with respect to a Term SOFR Loan, prior to the end of the applicable Interest Period thereto, the interest rate applicable to such Term SOFR Loan shall be automatically shall convert converted to the rate of interest then applicable to Base Rate Loans a Daily Simple SOFR Loan as of the same type hereunderlast day of such Interest Period. At any time that an Event of Default has occurred and is continuing, at the written 29 election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Revolving Loans bear interest at a any rate based upon Adjusted Term SOFR or Daily Simple SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Base Rate or Daily Simple SOFR with respect to Revolving LoansRate, each Borrower shall have the optionoption (the “SOFR Option”), in accordance with the terms of Section 2.6 above, and subject to Section 2.12(b2.11(b) below (the “Term SOFR Option”) below, to have interest on all or a portion of its the Revolving Loans Advances (other than Swingline Advances) or the Term Advances be charged (whether at the time when made (unless otherwise provided herein), upon conversion from a Base Rate Loan or a Daily Simple SOFR Loan, as the case may be, Advance to a Term SOFR LoanAdvance, or upon continuation of a Term SOFR Loan Advance as a Term SOFR LoanAdvance) at a rate of interest based upon Term SOFR. Interest on SOFR Loans Advances shall be payable on the earliest of (i) the each Interest Payment Date applicable thereto; , (ii) the date on which all or any portion of the Obligations are accelerated pursuant to the terms hereof, or (iii) the date on which this Agreement is terminated pursuant to the terms hereof, and (iv) on the Maturity Date. On the last day of each applicable Interest Period, unless the applicable Borrower has properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to such Term SOFR Loan Advance automatically shall convert to the rate of interest then applicable to Base Rate Loans Advances of the same type hereunder. At any time that an Event of Default has occurred and is continuing, at the written 29 election of the Required Lenders, Borrowers continuing Borrower no longer shall have the option to request that Revolving Loans Advances or any portion of the Term Advance bear interest at a rate based upon Term SOFR or Daily Simple SOFR.