Example ContractsClausescontinued effectVariants
Continued Effect
Continued Effect contract clause examples

Borrowing” shall mean # Revolving Facility Loans of the same Type, made, converted or continued on the same date and, in the case of Term SOFR Loans, as to which a single Interest Period is in effect, # Term Loans of the same Type made, converted or continued on the same date and, in the case of Term SOFR Loans, as to which a single Interest Period is in effect or # a Swingline Loan.

Borrowing” means # Revolving Loans of the same Type made, converted or continued on the same date and, in the case of Term SOFR Loans, as to which a single Interest Period is in effect or # a Swingline Loan.

Borrowing” means # Loans of the same Type, made, converted or continued on the same date and, in the case of EurodollarTerm SOFR Loans, as to which a single Interest Period is in effect or # a Swingline Loan.

Borrowing” means # Loans of the same Class and Type, made, converted or continued on the same date in the same currency and, in the case of Eurocurrency Loans and Adjusted Term SOFR Loans, as to which a single Interest Period is in effect, or # a Swingline Loan.

Borrowing” means a borrowing consisting of simultaneous Revolving Credit Loans or Term Loans of the same Type and, in the case of Term SOFR Rate Loans, having the same Interest Period.

Borrowing” means portions of a Loan of the same Type made, converted or continued on the same date and, in the case of portions of the Loan bearing interest based upon Adjusted Term SOFR Rate, as to which a single Interest Period is in effect.

Borrowing” means # Revolving Loans of the same Type and Tranche, made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect, # a Term Loan of the same Type, made, converted or continued on the same date and, in the case of Term Benchmark Loans, as to which a single Interest Period is in effect or # a Swingline Loan.

Borrowing” means any Loans of the same Type and Class made, converted or continued on the same date and, in the case of LIBO RateTerm SOFR Loans, as to which a single Interest Period is in effect.

Borrowing” means # Revolving Loans of the same Type, made, converted or continued on the same date and, in the case of EurocurrencyTerm Benchmark Loans, as to which a single Interest Period is in effect, or # a Swingline Loan.

Borrowing” means Loans of the same Class and Type made, converted or continued on the same date and, in the case of EurocurrencyTerm SOFR Loans and Alternative Currency Term Rate Loans, as to which a single Interest Period is in effect.

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.