Example ContractsClausesbase rate loansVariants
Remove:

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurocurrency RateRateTerm SOFR Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency RateRateTerm SOFR Loans or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.

all Loans

to the extent that would otherwise be made or continued from one Interest Period to another by such Lender asLender’s Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible),have been so converted, all payments and all Base Rate Loansprepayments of such Lenderprincipal that would otherwise be converted intoapplied to such Lender’s applicable Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain asbe applied instead to its Base Rate Loans.Loans; and

all Loans that would otherwise be made or continued from one Interest Period to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable,denominated in Dollars shall be made or continued instead as Base Rate Loans (if possible),Loans, and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable,denominated in Dollars shall remain as Base Rate Loans.

to the extent that such Lender’s Eurocurrency RateTerm SOFR Loans have been so converted, all Loanspayments and prepayments of principal that would otherwise be made or continued from one Interest Periodapplied to another by such Lender asLender’s applicable Eurocurrency RateRateTerm SOFR Loans or made as Term SOFR Loans, as applicable, shall be made or continuedapplied instead asto its Base Rate Loans (if possible),Loans; and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.

all Loans that would otherwise be made

If the obligation of any Lender to make or continued from one Interest Period to another by such Lender ascontinue any Eurocurrency Rate Loan, make Term SOFR Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead asto convert Base Rate Loans (if possible), and all Base Rate Loans of such Lender that would otherwise be converted into Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remainbe suspended pursuant to ‎[Section 3.06(b)] hereof, such Lender’s applicable Eurocurrency Rate Loans or Term SOFR Loan, as applicable, shall be automatically converted into Base Rate Loans.Loans (or, if such conversion is not possible, repaid) on the last day(s) of the then current Interest Period(s) for such Eurocurrency Rate Loans or Term SOFR Loans (or, in the case of an immediate conversion required by ‎[Section 3.02], on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances specified in Sections ‎3.02, ‎3.03 or ‎3.04 hereof that gave rise to such conversion no longer exist:

all

Conversion of Eurocurrency Rate Loans and SOFR Loans. If any gives notice to the (with a copy to the Administrative ) that would otherwise be madethe circumstances specified in [[Section 3.02, 3.03 or continued from one Interest Period3.04]4]4]]4]4] hereof that gave rise to another bythe conversion of such Lender as’s Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loans ofno longer exist (which such Lender that would otherwise be converted into agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain asmade by other Lenders are outstanding, such ’s Base Rate Loans.Loans shall be automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate Loans or SOFR Loans, as applicable, to the extent necessary so that, after giving effect thereto, all Loans of a given Class held by the Lenders of such Class holding Eurocurrency Rate Loans or SOFR Loans, as applicable, and by such are held pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Pro Rata Shares.

all Loans that would otherwise be made

If the obligation of any Lender to make or continued from one Interest Periodcontinue any Eurocurrency RateTerm SOFR Loan, or to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead asconvert Base Rate Loans (if possible), and allinto Eurocurrency RateTerm SOFR Loans shall be suspended pursuant to [Section 3.06(b)] hereof, such Lender’s applicable Eurocurrency RateTerm SOFR Loans shall be automatically converted into Base Rate Loans (or, if such conversion is not possible, repaid) on the last day(s) of the then current Interest Period(s) for such Eurocurrency RateTerm SOFR Loans (or, in the case of an immediate conversion required by [Section 3.02], on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that would otherwise be converted into Eurocurrency Rate Loansthe circumstances specified in [Sections 3.02, 3.03 or Term SOFR Loans, as applicable, shall remain as Base Rate Loans.3.04]4]4] hereof that gave rise to such conversion no longer exist:

all Loans

If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that would otherwise be madethe circumstances specified in Sections ‎3.02, ‎3.03 or continued from one Interest Period‎3.04 hereof that gave rise to another by such Lender as Eurocurrency Rate Loans or made as Term SOFR Loans, as applicable, shall be made or continued instead as Base Rate Loans (if possible), and all Base Rate Loansthe conversion of any of such Lender that would otherwise be converted intoLender’s Eurocurrency Rate Loans or Term SOFR Loans, as applicable, shall remain aspursuant to this ‎[Section 3.06] no longer exist (which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans or Term SOFR Loans made by other under the applicable Facility are outstanding, if applicable, such Lender’s Base Rate Loans.Loans shall be automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate Loans or Term SOFR Loans, to the extent necessary so that, after giving effect thereto, all Loans held by the holding Eurocurrency Rate Loans or Term SOFR Loans under such Facility and by such Lender are held pro rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective Commitments for the applicable Facility.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.