Common use of Refinancing of Loans Clause in Contracts

Refinancing of Loans. Each Borrower shall have the right, at any time, on three Business Days' prior irrevocable notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., New York City time, on the third Business Day preceding the date of any refinancing), (x) to refinance (without the satisfaction of the conditions set forth in Article 4 as a condition to such refinancing) any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) made to such Borrower with a Borrowing of Loans of the other Type to such Borrower or (y) to continue an outstanding Borrowing of Eurodollar Loans for an additional Interest Period, subject to the following:

Refinancing of Loans. Each The Borrower shall have the right, at any time, on three (3) Business Days' ’ prior irrevocable written notice to the Administrative Agent (which notice, to be effective, must be received by the Administrative Agent not later than 1:00 p.m., New York City time, on the third Business Day preceding the date of any refinancing), (x) to refinance (without the satisfaction of the conditions set forth in Article 4 Section 4.02 as a condition to such refinancing) any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) made to such Borrower of any Class with a Borrowing of Loans of the other Type to of such Borrower Class or (y) to continue an outstanding Borrowing of Eurodollar Loans of any Class for an additional Interest Period, subject to the following:

Refinancing of Loans. Each The Borrower shall have the right, at any time, on three (3) Business Days' ’ prior irrevocable written notice to the Applicable Administrative Agent (which notice, to be effective, must be received by the Applicable Administrative Agent not later than 1:00 p.m., New York City time, on the third Business Day preceding the date of any refinancing), (x) to refinance (without the satisfaction of the conditions set forth in Article 4 Section 4.02 or Section 6.01 as a condition to such refinancing) any outstanding Borrowing or Borrowings of Loans of one Type (or a portion thereof) made to such Borrower of any Class with a Borrowing of Loans of the other Type to of such Borrower Class or (y) to continue an outstanding Borrowing of Eurodollar Loans of any Class for an additional Interest Period, subject to the following: