Common use of Loan Types Clause in Contracts

Loan Types. The U.S. Revolving Loans and the Multicurrency Revolving Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent on behalf of the respective Borrower in accordance with subsections 2.3 and 2.7, provided that (A) no U.S. Revolving Loan or Multicurrency Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date and (B) Multicurrency Revolving Loans that are denominated in Euros shall consist solely of Eurodollar Loans. The Canadian Revolving Loans may from time to time be (A) if denominated in Canadian Dollars, Canadian Base Rate Revolving Loans bearing interest based upon the Canadian Prime Rate and (B) if denominated in U.S. Dollars, (i) Canadian Base Rate Revolving Loans bearing interest based upon the BACAN U.S. Base Rate, (ii) Eurodollar Loans or (iii) a combination thereof, in each case as determined by the Canadian Borrower and notified to the Canadian Administrative Agent in accordance with subsections 2.3 and 2.7; provided that no Canadian Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

Loan Types. The U.S. Revolving Loans and the Multicurrency Revolving Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent on behalf of the respective Borrower in accordance with subsections 2.3 and 2.7, provided that (A) no U.S. Revolving Loan or Multicurrency Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date and (B) Multicurrency Revolving Loans that are denominated in Euros shall consist solely of Eurodollar Loans. The Canadian Revolving Loans may from time to time be (A) if denominated in Canadian Dollars, Canadian Base Rate Revolving Loans bearing interest based upon the Canadian Prime Rate and (B) if denominated in U.S. Dollars, (i) Canadian Base Rate Revolving Loans bearing interest based upon the BACAN U.S. Base Rate, (ii) Eurodollar Loans or (iii) a combination thereof, in each case as determined by the Canadian Borrower and notified to the Canadian Administrative Agent in accordance with subsections 2.3 and 2.7; provided that no Canadian Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.