Common use of Selection - Term Loans Clause in Contracts

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower must select the first Term for a Term Loan in the Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months. (d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company and the Lenders.

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower must select the first Term for a Term Loan in the Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) A Borrower must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 10.00 a.m. (London time) on the Rate Fixing Day for that Term. (d) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (bc) above, that Term will, subject to the other provisions of this Clause, be three months. (de) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company and the Facility Agent (acting on the instructions of all the Lenders).

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower must select the first Term for a Term Loan in the relevant Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three monthsone month. (d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company relevant Borrower and the Lenders.

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower The Company must select the first Term for a Term Loan in the relevant Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 10.00 a.m. on the one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) If a Borrower the Company fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months. (d) Subject to the following provisions of this Clause, each Term for a Term Loan will be be: (i) one, twotwo or three month(s); or (ii) if availability is confirmed by all Lenders, three or six months or months; or (iii) any other period agreed by the Company and the all Lenders.

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower must select the The first Term for a each Term Loan in shall be the Request for same as the Term of the Revolving Loan converted to produce that LoanTerm Loan on the Term Out Date, and will have the same commencement date. (c) The relevant Borrower must select each subsequent Term in an irrevocable notice a Selection Notice received by the Facility Agent not later than 11.00 a.m. on the one Business Day before the Rate Fixing Day for that Term. Each Subject to paragraph (b) above, each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (cd) If the Company or a Borrower fails to select deliver a Term for an outstanding Term Loan Selection Notice under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three monthsone month. (de) Subject to the following provisions of this Clause, each Term for a Term Loan will be four weeks or one, two, three or six months or any other period agreed by the Company and the Lenders.

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A The Borrower must select the first Term for a Term Loan in the relevant Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) If a the Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months. (d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company Borrower and the Lenders.

Selection - Term Loans. (a) Each Term Loan has successive Terms. (b) A Borrower The Company, on the relevant Borrower’s behalf, must select the first Term for a Term Loan in the relevant Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term. (c) If a Borrower the Company fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months. (d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company and the Lenders.