then the Administrative Agent shall give notice thereof to the Borrower and the [[Organization A:Organization]] as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the [[Organization A:Organization]] that the circumstances giving rise to such notice no longer exist, # any request to convert any Base Rate Loan to, or continue any LIBOR Rate Loan at, the LIBOR Rate Option shall be ineffective, and # the Base Rate Option shall apply to any and all Borrowings upon the expiration of the Interest Period applicable thereto.
then the Administrative Agent shall give notice thereof to theLead Borrower and the [[Organization A:Organization]]Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies theLead Borrower and the [[Organization A:Organization]]Lenders that the circumstances giving rise to such notice no longer exist, # any request to convertNotice of Conversion/Continuation that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Borrowing of a LIBO RateTerm SOFR Term Loan shall be ineffective and # if any Notice of Borrowing requests a Borrowing of a LIBO RateTerm SOFR Term Loan, such Borrowing shall be made as a Borrowing of a Base Rate Loan to, or continue any LIBOR Rate Loan at, the LIBOR Rate Option shall be ineffective, and # the Base Rate Option shall apply to any and all Borrowings upon the expiration of the Interest Period applicable thereto.Term Loan.
then the Administrative Agent shall promptly give notice thereof to the Borrower and the [[Organization A:Lenders:Organization]] by telephone or facsimile as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the [[Organization A:Lenders:Organization]] that the circumstances giving rise to such notice no longer exist, which the Administrative Agent agrees promptly to do, # any request to convertInterest Election Request that requests the conversion of any Base Rate LoanBorrowing to, or continuecontinuation of any LIBOR Rate Loan at, the LIBOR Rate OptionBorrowing as, a LIBO RateTerm SOFR Borrowing shall be ineffective,ineffective and #such Borrowing shall be converted to an ABR Borrowing on the Base Rate Option shall apply to any and all Borrowings upon the expirationlast day of the Interest Period applicable thereto.thereto, and # if any Borrowing Request requests a LIBO RateTerm SOFR Borrowing, such Borrowing shall be made as an ABR Borrowing.
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