Content of Interest Election Requests. Each Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.4: (i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day; (iii) whether the resulting Borrowing is to be a Borrowing of Base Rate Loans or a Borrowing of Eurodollar Loans; and (iv) if the resulting Borrowing is a Borrowing of Eurodollar Loans, the Interest Period therefor after giving effect to such election.
Appears in 2 contracts
Samples: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Duluth Holdings Inc.)
Content of Interest Election Requests. Each telephonic and written Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.42.02:
(i) the Borrower and the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below of this paragraph shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day;
(iii) in the case of a Borrowing to be denominated in Dollars, whether the resulting Borrowing is to be a an ABR Borrowing of Base Rate Loans or a Borrowing of Eurodollar LoansEurocurrency Borrowing; and
(iv) if the resulting Borrowing is a Borrowing of Eurodollar LoansEurocurrency Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have requested an Interest Period of one month’s duration.
Appears in 2 contracts
Samples: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)
Content of Interest Election Requests. Each Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.4SECTION 2.02:
(i) the name of the applicable Borrower;
(ii) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iiiiv) and (ivv) below shall be specified for each resulting Borrowing);
(iiiii) the applicable currency for such Borrowing;
(iv) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day;
(iiiv) whether whether, in the case of a Borrowing denominated in Dollars, the resulting Borrowing is to be an ABR Borrowing or Term SOFR Borrowing;
(vi) whether, in the case of a Borrowing denominated in any Alternative Currency, the resulting Borrowing is to be a XXXXX Borrowing of Base Rate Loans or a Borrowing of Eurodollar LoansEurocurrency Rate Borrowing; and
(ivvii) if the resulting Borrowing is a Term SOFR Borrowing of Eurodollar Loansor a Eurocurrency Rate Borrowing, the Interest Period therefor after giving effect to such election.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Enstar Group LTD), Revolving Credit Agreement
Content of Interest Election Requests. Each telephonic and written Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.42.02:
(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day;
(iii) whether the resulting Borrowing is to be an ABR Borrowing, a Term SOFR Borrowing of Base Rate Loans or or, if applicable pursuant to Section 2.14, a Borrowing of Eurodollar LoansDaily Simple SOFR Borrowing; and
(iv) if the resulting Borrowing is a Borrowing of Eurodollar LoansSyndicated Term SOFR Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Term SOFR Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Appears in 1 contract
Samples: Credit Agreement (Best Buy Co Inc)
Content of Interest Election Requests. Each telephonic and written (including by e-mail) Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.4:
2.02: (i) the Borrowing (including the Class of Commitment) to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses subclauses (iii) and (iv) below of this clause (c) shall be specified for each resulting Borrowing);
; (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day;
; (iii) whether whether, in the case of a Borrowing denominated in Dollars, the resulting Borrowing is to be a an ABR Borrowing of Base Rate Loans or a Borrowing of Eurodollar LoansTerm Benchmark Borrowing; and
and (iv) if the resulting Borrowing is a Borrowing of Eurodollar LoansTerm Benchmark Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of “Interest Period” and permitted under Section 2.02(d). (d) Notice by the Administrative Agent to the Lenders. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Xxxxxx’s portion of each resulting Borrowing.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)
Content of Interest Election Requests. Each telephonic and written (including by e-mail) Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.4:
2.02: (i) the Borrowing (including the Class of Commitment and whether such Borrowing is a Term Loan Borrowing or Revolving Loan Borrowing) to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses subclauses (iii) and (iv) below of this clause (c) shall be specified for each resulting Borrowing);
; (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day;
; (iii) whether whether, in the case of a Revolving Borrowing or Term Loan Borrowing denominated in Dollars, the resulting Borrowing is to be a an ABR Borrowing of Base Rate Loans or a Borrowing of Eurodollar LoansTerm Benchmark Borrowing; and
and (iv) if the resulting Borrowing is a Borrowing of Eurodollar LoansTerm Benchmark Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of “Interest Period” and permitted under Section 2.02(d). (d) Notice by the Administrative Agent to the Lenders. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Xxxxxx’s portion of each resulting Borrowing.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)