Common use of INTEREST PERIOD SELECTION; ALTERNATIVE INTEREST RATES, ETC Clause in Contracts

INTEREST PERIOD SELECTION; ALTERNATIVE INTEREST RATES, ETC. 4.9.1 Borrower shall have the option to select Interest Periods (i) in accordance with Section 4.7 of this Agreement with respect to the duration of an initial Advance; and (ii) in accordance with Section 4.8 of this Agreement with respect to the duration of a Converted Advance. As to subsequent Interest Periods applicable to such Advances, Borrower may select the duration of the Interest Period by giving notice (which may be by telephone, telecopy, telex or cable, in each case confirmed immediately in writing in the manner specified in Article 23 of this Agreement) to Agent not less than three (3) Business Days prior to the first day of such subsequent Interest Period in the case of Eurodollar Rate Advances. If no such notice is received with respect to an outstanding Advance, Borrower shall be deemed to have elected to Convert the Advance into a Base Rate Advance. 4.9.2 Notwithstanding anything to the contrary contained herein, in no event may Borrower have more than six (6) Eurodollar Rate Advances in effect at any one time, which number shall be in addition to any Base Rate Advances.

INTEREST PERIOD SELECTION; ALTERNATIVE INTEREST RATES, ETC. 4.9.1 Borrower shall have the option to select Interest Periods (i) in accordance with Section 4.7 of this Agreement with respect to the duration of an initial Advance; and (ii) in accordance with Section 4.8 of this Agreement with respect to the duration of a Converted Advance. As to subsequent Interest Periods applicable to such Advances, Borrower may select the duration of the Interest Period by giving notice (which may be by telephone, telecopy, telex or cable, in each case confirmed immediately in writing in the manner specified in Article 23 of this Agreement) to Agent not less than three two (32) Business Days prior to the first day of such subsequent Interest Period in the case of Eurodollar Rate LIBOR Advances. If no such notice is received with respect to an outstanding Advance, Borrower shall be deemed to have elected to Convert the Advance into a Base Prime Rate Advance. 4.9.2 Notwithstanding anything to the contrary contained herein, in no event may Borrower have more than six (6) Eurodollar Rate LIBOR Advances in effect at any one time, which number shall be in addition to any Base Prime Rate Advances.