LIBOR Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrowers may not elect to have a Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Borrowers with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Borrowers.
LIBOR Rate Loans After Default. Unless the Required Lenders shall otherwise agree in writing, after occurrence and during the continuance of an Unmatured Event of Default or an Event of Default, Borrower may not elect to have a Loan be made or continued as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
LIBOR Rate Loans After Default. After the occurrence of and during the continuation of (i) any Event of Default under subsection 8.1 and (ii) any other Event of Default and with the written request of Requisite Lenders, (y) Borrower may not elect to have a Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan and (z) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Borrower with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be rescinded by Borrower.
LIBOR Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, if the Requisite Lenders shall require, (i) Borrower may not elect to have a Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Borrower with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be for a Base Rate Loan or, if the conditions to making a Loan set forth in subsection 4.2 cannot then be satisfied, to be rescinded by Borrower.
LIBOR Rate Loans After Default. After the occurrence and during the continuation of an Event of Default, (i) the Borrower may not elect to have a Revolving Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Revolving Loan, (ii) subject to the provisions of Section 2.6D hereof, any Borrowing Certificate or Notice of Conversion/Continuation given by the Borrower with respect to a requested borrowing or conversion/con tinuation of a Revolving Loan that has not yet occurred shall be deemed to be rescinded by the Borrower, and (iii) all LIBOR Rate Loans and Base Rate Loans shall thereupon bear interest at the Default Rate until the Event of Default is cured or the Revolving Loans are paid in full to the Banks and the Revolving Loan Commitments have expired or have been terminated by the Borrower or the Banks.
LIBOR Rate Loans After Default. After the occurrence and during the continuation of a Default or an Event of Default, (i) the Borrowers may not elect to have any Loan made or maintained as, or converted to, a LIBOR Rate Loan following the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of section 1.14(d), any Notice of Borrowing or Notice of Interest Rate Election given by the Borrowers with respect to a requested Borrowing or conversion or continuation that has not yet occurred shall be deemed made with respect to Base Rate Loans.
LIBOR Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Borrower may not elect to have a Loan be made or maintained as a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Continuation given by Borrower with respect to a requested borrowing or continuation that has not yet occurred shall be deemed to be rescinded by Borrower and upon expiration of any Interest Period during the continuation of a Potential Event of Default or an Event of Default, the applicable LIBOR Rate Loans shall be automatically converted to Base Rate Loans.
LIBOR Rate Loans After Default. Unless NCB shall otherwise agree, after the occurrence of and during the continuance of an Event of Default, Borrower may not elect or have a Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan.
LIBOR Rate Loans After Default. From and after the occurrence and during the continuation of any Event of Default, upon election by Administrative Agent or Requisite Lenders, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a LIBOR Rate Loan after the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be for a Base Rate Loan or, if the conditions to making a Loan set forth in subsection 4.1 cannot then be satisfied, to be rescinded by Company.
LIBOR Rate Loans After Default. After the occurrence of and during the continuation of a Potential Event of Default or an Event of Default, (i) Company may not
