Common use of Outstanding Libor Loans Clause in Contracts

Outstanding Libor Loans. (a) The parties hereby acknowledge that, on the date hereof, Libor Loans having Interest Periods ending after the date hereof are outstanding (the “Outstanding Libor Loans”). Notwithstanding any provision of the Credit Agreement or this Agreement to the contrary, until the expiry of the applicable Interest Periods, the New Lender and the Lender which is increasing its Commitment shall not (but in the case of the Lender increasing its Commitment only with respect to the increased amount of its Commitment) have any right, title, benefit or interest in or to any Outstanding Libor Loans nor any obligation or liability to the other Lenders in respect thereof. (b) From time to time, as the Interest Periods of the Outstanding Libor Loans expire and Rollovers and Conversions are made by the Borrower in respect thereof, each of the Lenders shall participate in the Loans effecting such Rollovers and Conversions to the full extent of its revised Commitment after giving effect to the provisions of this Agreement.

Outstanding Libor Loans. (a) The parties hereby acknowledge that, on the date hereof, Libor Loans having Interest Periods ending after the date hereof are outstanding (the “Outstanding Libor Loans”). Notwithstanding any provision of the Credit Agreement or this Agreement to the contrary, until the expiry of the applicable Interest Periods, each of the New Lender Lenders and the Lender Lenders which is are increasing its Commitment their respective Commitments shall not (but in the case of the Lender Lenders increasing its Commitment their respective Commitments only with respect to the increased amount amounts of its Commitmenttheir respective Commitments) have any right, title, benefit or interest in or to any Outstanding Libor Loans nor any obligation or liability to the other Lenders in respect thereof. (b) From time to time, as the Interest Periods of the Outstanding Libor Loans expire and Rollovers and Conversions are made by the Borrower in respect thereof, each of the Lenders shall participate in the Loans effecting such Rollovers and Conversions to the full extent of its revised Commitment after giving effect to the provisions of this Agreement.

Outstanding Libor Loans. (a) The parties hereby acknowledge that, on the date hereof, Libor Loans having Interest Periods ending after the date hereof are may be outstanding (the “"Outstanding Libor Loans”"). Notwithstanding any provision of the Credit Agreement or this Agreement to the contrary, until the expiry of the applicable Interest Periods, the New Lender Lenders and the Lender which is Lenders who are increasing its Commitment their respective Syndicated Facility Commitments shall not (but in the case of the Lender Lenders increasing its Commitment their respective Syndicated Facility Commitments only with respect to the increased amount of its Commitmenttheir respective Syndicated Facility Commitments) have any right, title, benefit or interest in or to any Outstanding Libor Loans nor any obligation or liability to the other Lenders in respect thereof. (b) From time to time, as the Interest Periods of the Outstanding Libor Loans expire and Rollovers and Conversions are made by the Borrower in respect thereof, each of the Lenders shall participate in the Loans effecting such Rollovers and Conversions to the full extent of its revised or new, as applicable, Syndicated Facility Commitment after giving effect to the provisions of this Agreement.