Common use of Interest Elections Clause in Contracts

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 5 contracts

Samples: Assignment and Assumption (Edgen Group Inc.), Assignment and Assumption (Edgen Group Inc.), Credit Agreement (Edgen Group Inc.)

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Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency LIBOR Borrowing, a EURIBOR Borrowing or a B/A CDOR Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency LIBOR Borrowing, a EURIBOR Borrowing or a B/A CDOR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection and on terms consistent with the other provisions of this Agreement. The applicable Borrower Representative may elect different options with respect to different portions of the applicable affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, Borrowing and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesLoans, which may not be converted or continued.

Appears in 4 contracts

Samples: Agreement (Albany International Corp /De/), Credit Facility Agreement (Albany International Corp /De/), Agreement (Albany International Corp /De/)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request; provided, that each Borrowing under the US Tranche made on the Effective Date shall initially be an ABR Borrowing. Thereafter, the relevant Borrower Representative may elect to convert such Borrowing (other than a Swingline Loan) to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The A Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 4 contracts

Samples: Credit Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Each B/A Drawing shall have a Contract Period as specified in the applicable request therefor. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing or B/A Drawing to a different Type or to continue such Borrowing or B/A Drawing and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section, it being understood that no B/A Drawing may be converted or continued other than at the end of the Contract Period applicable thereto. The applicable Borrower Representative may elect different options with respect to different portions of the affected BorrowingBorrowing or B/A Drawing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such BorrowingBorrowing or accepting B/As comprising such B/A Drawing, as the case may be, and the Loans comprising each or B/As resulting from an election made with respect to any such portion shall be considered a separate BorrowingBorrowing or B/A Drawing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 4 contracts

Samples: Incremental Assumption Agreement (Momentive Specialty Chemicals Inc.), Intercreditor Agreement (Hexion Specialty Chemicals, Inc.), Credit Agreement (Hexion Specialty Chemicals, Inc.)

Interest Elections. (a) Each Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Rate Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such the applicable Borrowing RequestRequest or as otherwise provided in Section 2.03 or Section 2.05(f). Thereafter, the Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type (in the case of Dollar denominated Borrowings) or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Rate Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 3 contracts

Samples: Credit Agreement (Ingevity Corp), Incremental Facility Agreement (Ingevity Corp), Credit Agreement (Ingevity Corp)

Interest Elections. (a) Each Revolving and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative or the Subsidiary Borrower, as applicable, may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative or the Subsidiary Borrower, as applicable, may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Notwithstanding any contrary provision herein, this Section shall not apply be construed to Swingline Loan Borrowings permit the Borrower or Protective Advancesthe Subsidiary Borrower, which may not be converted as applicable, to change the currency or continuedClass of any Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Lydall Inc /De/), Credit Agreement (Lydall Inc /De/), Credit Agreement (Lydall Inc /De/)

Interest Elections. (a) Each Borrowing initially shall be of the Type and Class specified in the applicable Borrowing Request (or an ABR Borrowing if no Type is specified) and, in the case of a Eurocurrency Borrowing or a B/A Term Benchmark Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest (or one (1) month if no Interest Period is specified). Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term Benchmark Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may may, subject to the requirements of Section 2.2(c), elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline A Class of Loan Borrowings or Protective Advances, which may cannot be converted changed or continuedconverted.

Appears in 3 contracts

Samples: Credit Agreement (Apache Corp), Credit Agreement (APA Corp), Credit Agreement (APA Corp)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Parent Borrower, the applicable Subsidiary Term Borrower Representative or the applicable Foreign Subsidiary Borrower, as the case may be, may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Parent Borrower, the applicable Subsidiary Term Borrower Representative or the applicable Foreign Subsidiary Borrower, as the case may be, may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesLoans, which may not be converted or continued.

Appears in 3 contracts

Samples: Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp), Credit Agreement (Trimas Corp)

Interest Elections. (a) Each Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative (or the Company, on behalf of a Borrower) may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative (or the Company, on behalf of the applicable Borrower) may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesLocal Currency Borrowings, which may not be converted or continuedcontinued pursuant to this Section.

Appears in 2 contracts

Samples: Credit Agreement (Fisher Scientific International Inc), Credit Agreement (Fisher Scientific International Inc)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or as otherwise provided in Section 2.03. Thereafter, the Borrower Representative may may, at any time and from time to time, elect to convert such Revolving Borrowing to a different Type or to continue such Revolving Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Revolving Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Revolving Borrowing, and the Loans comprising each such portion shall be considered a separate Revolving Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Revolving Credit Agreement (MPLX Lp), Revolving Credit Agreement (Marathon Petroleum Corp)

Interest Elections. (a) Each Borrowing initially shall be of the Type Type, and under the applicable Tranche, specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A BorrowingBorrowing of CDOR Loans, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, subject to clause (e) below, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A BorrowingBorrowing of CDOR Loans, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection 2.08. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.08 shall not apply to Swingline Loan Borrowings or Protective AdvancesLoans, which may not be converted or continued. Notwithstanding any other provision of this Section 2.08, the applicable Borrower shall not be permitted to change the Tranche or Class of any Borrowing.

Appears in 2 contracts

Samples: Restatement Agreement (Endo International PLC), Assignment and Assumption (Endo International PLC)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the relevant Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The A Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Competitive Borrowings or Protective AdvancesSwingline Borrowings, which may not be converted or continued. Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to (i) change the currency of any Borrowing or (ii) convert any Multicurrency Borrowing to an ABR Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Dun & Bradstreet Corp/Nw), Credit Agreement (Dun & Bradstreet Corp/Nw)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Eurodollar Borrowing or a B/A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Eurodollar Borrowing or a B/A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings Borrowings, Overadvances or Protective Advances, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (Stewart & Stevenson LLC), Credit Agreement (Stewart & Stevenson Funding Corp.)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Eurodollar Revolving Borrowing or a B/A Eurocurrency Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Eurodollar Revolving Borrowing or a B/A Eurocurrency Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative Borrowers may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued, but which may, in accordance with the other terms and conditions of this Agreement, be refinanced by Revolving Borrowings.

Appears in 2 contracts

Samples: Credit Agreement (Volt Information Sciences, Inc.), Credit Agreement (Volt Information Sciences Inc)

Interest Elections. (a) Elections by Borrowers for Borrowings. Each Borrowing initially shall be of the Type and currency specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A SOFR Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or as otherwise set forth in Section 2.3. Thereafter, subject to the Borrower Representative requirements of Sections 2.13 and 2.15, Borrowers may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A and SOFR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative Borrowers may elect different options with respect to different portions of the affected Eurocurrency Borrowing or SOFR Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continuedBorrowings.

Appears in 2 contracts

Samples: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)

Interest Elections. (a) Elections by the Borrowers for Syndicated Borrowings. Each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the relevant Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The relevant Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Day Credit Agreement (Washington Mutual Inc), Credit Agreement (Washington Mutual Inc)

Interest Elections. (a) Each Revolving Borrowing and B Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative applicable Borrower, in the case of a Revolving Borrowing, or the Company, in the case of a B Term Borrowing, may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Such Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (Imc Global Inc), Credit Agreement (Imc Global Inc)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Eurodollar Revolving Borrowing or a B/A Eurocurrency Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Eurodollar Revolving Borrowing or a B/A Eurocurrency Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative Borrowers may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Competitive Borrowings or Protective AdvancesSwingline Borrowings, which may not be converted or continued, but which may, in accordance with the other terms and conditions of this Agreement, be refinanced by Revolving Borrowings.

Appears in 2 contracts

Samples: Credit Agreement (Volt Information Sciences Inc), Credit Agreement (Volt Information Sciences Inc)

Interest Elections. (a) Each Revolving Loan Borrowing and Term Loan Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by Section 2.03 and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or designated by Section 2.03. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection 2.07. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: First Lien Credit Agreement (GoodRx Holdings, Inc.), First Lien Credit Agreement (GoodRx Holdings, Inc.)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the any Loans comprising each resulting from an election made with respect to any such portion shall be considered a separate Borrowing. Notwithstanding any other provision of this Section, no Borrowing may be converted into or continued as a Borrowing with an Interest Period ending after the Maturity Date. This Section shall not apply to Swingline Loan Borrowings Loans or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (Kellogg Co), Credit Agreement (Kellogg Co)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative Company, on behalf of itself or the Canadian Borrower, may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, may may, on behalf of itself or the Canadian Borrower, elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative Company, on behalf of itself or the Canadian Borrower, may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (G&k Services Inc), Credit Agreement (G&k Services Inc)

Interest Elections. (a) Each Dollar-Denominated Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Euro-Dollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such any Revolving Borrowing or, from and after the Term Loan Conversion Date, any Term Loan Borrowing to a different Type or to continue any such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Euro-Dollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the any affected Revolving Borrowing or, if applicable, Term Loan Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (Cummins Inc), Day Credit Agreement (Cummins Inc)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by Section 2.03 (which in the case of a Borrowing denominated in an Alternative Currency (other than Sterling), shall be a Eurodollar Borrowing or Term Benchmark Borrowing and in the case of a Borrowing denominated in Sterling, shall be an RFR Borrowing) and, in the case of a Eurocurrency Eurodollar Borrowing, Term Benchmark Borrowing or a B/A RFR Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or designated by Section 2.03. Thereafter, the Borrower Representative Borrowers may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Eurodollar Borrowing, Term Benchmark Borrowing or a B/A RFR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection 2.06. The Borrower Representative Borrowers may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 2 contracts

Samples: Credit Agreement (Viasat Inc), Credit Agreement (Viasat Inc)

Interest Elections. (a) Each Elections by the Borrower for Syndicated Borrowings. The Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Day Credit Agreement (Harte Hanks Inc)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request Committed Loan Notice and, in the case of a Eurocurrency LIBOR Borrowing or a B/A EURIBOR Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestCommitted Loan Notice. Thereafter, the applicable Borrower Representative may may, subject to Section 2.11(b), elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurocurrency LIBOR Borrowing or a B/A EURIBOR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection and on terms consistent with the other provisions of this Agreement. The A Borrower Representative may elect different options with respect to different portions of the an affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each resulting from an election made with respect to any such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesSwing Line Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Assignment and Assumption (Fleetcor Technologies Inc)

Interest Elections. (a) Each Revolving Borrowing and Term Loan Borrowing initially shall be of the Type specified in the applicable Borrowing Request andRequest, in provided that any Revolving Borrowing or Term Loan Borrowing made on the case of Effective Date shall be a Eurocurrency CBFR Rate Borrowing or a B/A Eurodollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing (other than European Revolving Loans) to a different Type or to continue such Borrowing and, in the case of a Eurocurrency CBFR Rate Borrowing or a B/A Eurodollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings Borrowings, Overadvances or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Joinder Agreement (Park Ohio Holdings Corp)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or as otherwise provided in Section 2.03. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the any Loans comprising each resulting from an election made with respect to any such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings Loans or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Assignment and Acceptance (Kellogg Co)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request (or, if not so specified, as provided in Section 2.03) and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest (or, if not so specified, as provided in Section 2.03). Thereafter, the relevant Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The A Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Competitive Borrowings or Protective AdvancesSwingline Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (SNAP-ON Inc)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request for Credit Extension and, in the case of a Eurocurrency SOFR Borrowing or a B/A Borrowingconsisting of Revolving Loans, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest for Credit Extension; provided that all Swingline Loans shall be Base Rate Loans. Thereafter, the Borrower Representative may elect to convert such Borrowing consisting of Revolving Loans to a different Type (but not to a different Class) or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A SOFR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing; provided that, for the avoidance of any doubt, all FILO A Loans and FILO B Loans shall, in each case, be maintained as part of the same Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

Interest Elections. (a) Each U.S. $ Revolving Borrowing, Canadian Revolving Borrowing, Additional Revolving Borrowing and Term Borrowing initially shall be of the Type specified in the applicable Borrowing Request (or, in the case of a Tranche B Term Borrowing, the relevant notice pursuant to Section 2.20(e)) and, in the case of a Eurocurrency Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing or Request and, in the case of a B/A Borrowing, shall have an initial Interest Period or a Contract Period (as applicable) and maturity date as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may from time to time elect to convert such Borrowing to a different or continue the Type of, or to continue such Borrowing and, in the case duration of a Eurocurrency Borrowing the Interest Period (or a issue replacement B/A As for a further Contract Period) applicable to, the Loans included in any Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (United Rentals Inc /De)

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Interest Elections. (a1) Elections by the Borrower for Borrowings. Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A LIBO Rate Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest (which shall be a period contemplated by the definition of the term “Interest Period”). Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A LIBO Rate Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section; provided, however, any conversion or continuation of LIBO Rate Loans shall be subject to the provisions of Sections 1.2(3) and (4). The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, Borrowing in accordance with such Lender’s Applicable Percentage and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Rate Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type as permitted by this Agreement or to continue such Borrowing and, in the case of a Eurocurrency Revolving Borrowing or a B/A CDOR Rate Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Belden Inc.)

Interest Elections. (a) Each Elections by the Borrowers for Syndicated Borrowings. The Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Lead Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The Lead Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued. The Lead Borrower may not elect a Eurodollar Term Loan Borrowing for an Interest Period commencing prior to July 6, 2001.

Appears in 1 contract

Samples: Credit Agreement (Isp Minerals LLC)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request or designated by Section 2.03 and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or designated by Section 2.03. Each Term Loan Borrowing initially shall be of the Type as in effect as of the Restatement Effective Date. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Competitive Borrowings or Protective AdvancesSwingline Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Usg Corp)

Interest Elections. (a) Each U.S. Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative Company (on its own behalf or on behalf of any other Borrower) may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A U.S. Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative Company (on its own behalf or on behalf of any other Borrower) may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving U.S. Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Facility Agreement (Zimmer Holdings Inc)

Interest Elections. (a) Each Borrowing initially shall be of the Type and currency specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, LIBOR Market Rate Borrowing or a B/A BA Equivalent Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the relevant Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, LIBOR Market Rate Borrowing or a B/A BA Equivalent Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The A Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (LKQ Corp)

Interest Elections. (a) Each Elections by the Borrower for Syndicated Borrowings. The Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Credit Agreement Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Panamsat Corp /New/)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Term Benchmark Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or as otherwise provided in Section 2.5; provided that Swing Line Loans shall be made and maintained as ABR Borrowings only. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term Benchmark Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such BorrowingBorrowing in accordance with their respective Applicable Percentages, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesSwing Line Loans, which may not be converted or continued.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Pinterest, Inc.)

Interest Elections. (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest or as otherwise provided in Section 2.03. Thereafter, the Borrower Representative may may, at any time and from time to time, elect to convert such Revolving Borrowing to a different Type or to continue such Revolving Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Revolving Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Revolving Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Revolving Credit Agreement (Marathon Petroleum Corp)

Interest Elections. (a) Each a)Elections by the Borrower for Borrowings. Subject to Section 2.03(d), the Loans constituting each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.(b)

Appears in 1 contract

Samples: www.sec.gov

Interest Elections. (a) Each A Borrowing initially ------------------- shall be of the Type specified in the applicable Notice of A Borrowing Request and, in the case of a Eurocurrency Eurodollar Rate A Borrowing or a B/Adjusted CD Rate A Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestNotice of A Borrowing. Thereafter, the Borrower Representative may elect to convert such A Borrowing to a different Type or to continue such A Borrowing and, in the case of a Eurocurrency Eurodollar Rate A Borrowing or a B/Adjusted CD Rate A Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected A Borrowing, in which case each such portion A Borrowing shall be allocated ratably among the Revolving Lenders holding having made the Loans A Advances comprising such A Borrowing, and the Loans A Advances comprising each such portion shall be considered a separate A Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesB Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Olin Corp)

Interest Elections. (a) Each Elections by the Borrowers for Syndicated Borrowings. The Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the Lead Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The Lead Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesBorrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Isp Minerals Inc /Ny/)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, and (x) in the case of a Eurocurrency Borrowing or a B/A Term SOFR Borrowing, shall have an initial Interest Period or Contract as specified in such Borrowing Request and (y) in the case of a BA Equivalent Borrowing, shall have an initial BA Equivalent Interest Period (as applicable) as specified in such Borrowing Request. Thereafter, the any applicable Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Term SOFR Borrowing, may elect Interest Periods therefor (or Contract in the case of a BA Equivalent Borrowing, may elect BA Equivalent Interest Periods (as applicable) therefor), all as provided in this Section. The Any applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Agent Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Revolving Credit Agreement (Berry Global Group, Inc.)

Interest Elections. (a) Elections by the Borrowers for Syndicated Borrowings. Each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, shall have an initial the Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Syndicated Eurodollar Borrowing, may elect the Interest Periods or Contract Periods (as applicable) Period therefor, all as provided in this Section. The A Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising constituting such Borrowing, and the Loans comprising constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (International Paper Co /New/)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request for Credit Extension and, in the case of a Eurocurrency SOFR Borrowing or a B/A Borrowingconsisting of Revolving Loans, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing RequestRequest for Credit Extension; provided that all Swingline Loans shall be Base Rate Loans. Thereafter, the Borrower Representative may elect to convert such Borrowing consisting of Revolving Loans to a different Type (but not to a different Class) or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A SOFR Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing; provided that, for the avoidance of any doubt, all FILO A Loans and FILO B Loans shall, in each case, be maintained as part of the same Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.. 91

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request; provided that only ABR Loans may be incurred during the Primary Syndication. Thereafter, the Administrative Borrower Representative (on behalf of the Borrowers) may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection 2.09. The Administrative Borrower Representative (on behalf of the Borrowers) may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section 2.09 shall not apply to Swingline Loan Borrowings Borrowings, Overadvances or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Revolving Credit Agreement (Talecris Biotherapeutics Holdings Corp.)

Interest Elections. (a) Elections by the Borrower for Revolving Borrowings. Each Revolving -------------------------------------------------- Borrowing initially shall be of the Type specified in the applicable Revolving Borrowing Request and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Revolving Borrowing Request. Thereafter, the Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Eurocurrency Borrowing or a B/A Eurodollar Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective AdvancesCompetitive Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Interest Elections. (a) Each a)Each Revolving Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency LIBOR Revolving Borrowing or a B/A EURIBOR Revolving Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the applicable Borrower Representative may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing and, in the case of a Eurocurrency LIBOR Revolving Borrowing or a B/A EURIBOR Revolving Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this Section. The applicable Borrower Representative may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loan Competitive Borrowings or Protective AdvancesSwingline Borrowings, which may not be converted or continued.

Appears in 1 contract

Samples: Assignment and Assumption (Yum Brands Inc)

Interest Elections. (a) Each Revolving Committed Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Term SOFR Borrowing or a B/A an Alternative Currency Term Rate Borrowing, shall have an initial Interest Period or Contract Period (as applicable) as specified in such Borrowing Request. Thereafter, the relevant Borrower Representative may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Term SOFR Borrowing or a B/A an Alternative Currency Term Rate Borrowing, may elect Interest Periods or Contract Periods (as applicable) therefor, all as provided in this SectionSection and on terms consistent with the other provisions of this Agreement. The A Borrower Representative may elect different options with respect to different portions of the an affected Borrowing, in which case each such portion shall be allocated ratably among the Revolving Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Revolving Committed Borrowing. This Section shall not apply to Swingline Loan Borrowings or Protective Advances, which may not be converted or continued.

Appears in 1 contract

Samples: Five Year Credit Agreement (Edwards Lifesciences Corp)

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