Common use of Selection of Interest Rate Options Clause in Contracts

Selection of Interest Rate Options. If the Borrowing Agent fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 [Interest Periods], the Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option commencing upon the last day of the existing Interest Period, and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowing Agent Borrowers fail to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 4.2 [Interest Periods], the Borrowers shall be deemed to have converted such Borrowing Tranche to the Revolving Credit Base Rate Option Option, commencing upon the last day of the existing Interest Period, and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowing Agent fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 3.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option as applicable to Revolving Credit Loans commencing upon the last day of the existing Interest Period, and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowing Agent fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Euro Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 4.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option Option, as applicable to Revolving Credit Loans, commencing upon the last day of the existing Interest Period, and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.

Selection of Interest Rate Options. If the Borrowing Agent fail Borrower fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Euro Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 4.2 [Interest Periods], the Borrowers Borrower shall be deemed to have converted such Borrowing Tranche to the Base Rate Option Option, as applicable to Revolving Credit Loans, commencing upon the last day of the existing Interest Period, and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion. 5.

Selection of Interest Rate Options. If the Borrowing Agent fail fails to select a new Interest Period to apply to any Borrowing Tranche of Loans under the Euro-Rate Option at the expiration of an existing Interest Period applicable to such Borrowing Tranche in accordance with the provisions of Section 5.2 4.2 [Interest Periods], the Borrowers shall be deemed to have converted such Borrowing Tranche to the Base Rate Option Option, as applicable to Revolving Credit Loans, commencing upon the last day of the existing Interest Period, Period and any such currency conversion to U.S. Dollars shall be determined by the Administrative Agent at the time of such conversion.