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 Adjusted Daily Simple SOFR, 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 the Advances (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or upon (x) conversion from a Daily Simple SOFR Loan to a Term SOFR Loan or (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. 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, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Period. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan bear interest at any rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.. (b)

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFR, 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 the Advances Revolving Loans (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Loan to a Term SOFR Loan or (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 theretothereto , (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. 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, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Period. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, Borrowers Borrower shall have the option, subject to Section 2.12(b2.13(b) below (the “Term SOFR Option”) to have interest on all or a portion of the Advances (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Adjusted Term the SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the last day of the Interest Payment Date Period applicable theretothereto (provided, however, that, subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three (3) months in duration, interest shall be payable at 3 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. Unless Borrowers have On the last day of each applicable Interest Period, unless Borrower has properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers Borrower no longer shall have the option to request that Advances or any portion of the Term Loan bear interest at any a rate based upon Adjusted Term SOFRSOFR and Borrower shall not have the right to renew or extend any then outstanding SOFR Loans at the end of the Interest Period applicable thereto unless, in each case, the Required Lenders shall have provided their written consent thereto.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, Borrowers Borrower shall have the option, subject to Section 2.12(b2.13(b) below (the “Term "SOFR Option”") to have interest on all or a portion of the Advances (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon Adjusted Term the SOFR. Interest on SOFR Loans shall be payable on the earliest of (i) the last day of the Interest Payment Date Period applicable theretothereto (provided, however, that, subject to the following clauses (ii) and (iii), in the case of any Interest Period greater than three (3) months in duration, interest shall be payable at 3 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. Unless Borrowers have On the last day of each applicable Interest Period, unless Borrower has properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers Borrower no longer shall have the option to request that Advances or any portion of the Term Loan bear interest at any a rate based upon Adjusted Term SOFRSOFR and Borrower shall not have the right to renew or extend any then outstanding SOFR Loans at the end of the Interest Period applicable thereto unless, in each case, the Required Lenders shall have provided their written consent thereto.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon the Adjusted Daily Simple SOFRBase Rate, Borrowers 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Loan Base Rate Advance to a Term SOFR Loan Advance, or (y) upon continuation of a Term SOFR Loan Advance as a Term SOFR LoanAdvance) at a rate of interest based upon Adjusted Term SOFR. Interest on SOFR Loans Advances 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), (iii) and (iv), 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, or (iv) on the Maturity Date. Unless Borrowers have On the last day of each applicable Interest Period, unless Borrower has properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Advance automatically shall convert to the end rate of interest then applicable to Base Rate Advances of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers continuing Borrower no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted the Base Rate or Daily Simple SOFRSOFR with respect to Revolving Loans, Borrowers 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 the Advances (other than Swing Loans) or the Term Loan its Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Base Rate Loan or a Daily Simple SOFR Loan Loan, as the case may be, to a Term SOFR Loan Loan, or (y) upon 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. Unless Borrowers have On the last day of each applicable Interest Period, unless the applicable Borrower has 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 automatically shall be automatically converted convert to a Daily Simple SOFR Loan as the rate of interest then applicable to Base Rate Loans of the last day of such Interest Periodsame type hereunder. 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 Advances or any portion of the Term Loan Revolving Loans bear interest at any a 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 Adjusted Daily Simple SOFR, 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 the Advances Revolving Loans (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Loan to a Term SOFR Loan or (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. 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, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Period. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any rate based upon Adjusted Term SOFR.. (b)

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFR, Borrowers 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 the Advances (other than Swing Loans) Revolving Loans or the Term Loan Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon continuation of a Term SOFR Loan as a Term SOFR Loan) at a rate of interest based upon the Adjusted 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 3 months in duration, interest shall be payable at 3 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. Unless Borrowers have On the last day of each applicable Interest Period, unless the Borrower properly has exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers Borrower no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon the Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall shal l have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.. (b)

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) Revolving Loans or the FILO Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances Revolving Loans or any portion of the FILO Term Loan bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, Borrowers shall have the option, subject to Section 2.12(b2.17(b) below (the “Term SOFR Option”) to have interest on all or a portion of the Advances (other than Swing Loans) or the Term Loan Revolving Loans be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 last day of the Interest Payment Date Period 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, continuing Borrowers no longer shall have the option to request that Advances or any portion of the Term Loan Revolving Loans bear interest at any a rate based upon Adjusted Term SOFR.. (b)

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) Revolving Loans or the Term Loan be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenders, Borrowers no longer ACTIVE 682292377v9 - 28 - shall have the option to request that Advances Revolving Loans or any portion of the Term Loan bear interest at any a rate based upon Adjusted Term SOFR.

Interest and Interest Payment Dates. In lieu of having interest charged at the rate based upon Adjusted Daily Simple SOFRthe Base Rate, 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 the Advances (other than Swing Loans) Revolving Loans or the Term Loan Capex Advances be charged (whether at the time when made pursuant to Section 2.2 or Section 2.3(c) (as applicable) (unless otherwise provided herein) or ), upon (x) conversion from a Daily Simple SOFR Base Rate Loan to a Term SOFR Loan Loan, or (y) upon 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 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. Unless On the last day of each applicable Interest Period, unless Borrowers have properly exercised the Term SOFR Option with respect ​ thereto, the interest rate applicable to a Term such SOFR Loan, prior Loan automatically shall convert to the end rate of interest then applicable to Base Rate Loans of the applicable Interest Period thereto, such Term SOFR Loan shall be automatically converted to a Daily Simple SOFR Loan as of the last day of such Interest Periodsame type hereunder. At any time that an Event of Default has occurred and is continuing, at the written election of Agent or the Required Lenderscontinuing and Borrowers shall have received any notice required pursuant to Section 2.12(b)(i), Borrowers no longer shall have the option to request that Advances Revolving Loans or any portion of the Term Loan Capex Advances bear interest at any a rate based upon Adjusted Term SOFR.