Common use of Determination of Eurodollar Interest Period Clause in Contracts

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 4 contracts

Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)

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Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) or Section 2.02(b) (with respect to a Borrowing of a Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), Loan) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of a Eurodollar Rate LoansLoan), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower The Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Commitment Termination Date or the Maturity Date; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is Borrowers are required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve six (126) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 2 contracts

Samples: Credit Agreement (General Inspection Laboratories Inc), Credit Agreement (General Inspection Laboratories Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, one or three months in duration; (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the scheduled Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viiv) There shall be no more than twelve three (123) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 2 contracts

Samples: Credit Agreement (Dyncorp), Credit Agreement (Dyncorp)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), ) or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve eight (12) 8) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group Inc.), Revolving Credit and Term Loan Agreement (Washington Prime Group Inc.)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans)2.5, Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject option to the other provisions of this Section 5.2, to select specify an interest period (each, an each a Eurodollar Interest Period”) to apply of either one, two, three, six, nine, twelve or twenty-four months subject to the Loans described in such notice, provisions of Section 7.22 hereof. The determination of Eurodollar Interest Periods shall be subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate LoansPeriod, each successive Eurodollar Interest Period shall commence on the day on which the next immediately preceding Eurodollar Interest Period expires; (ivii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such the Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day; provided, that if any such Eurodollar Interest Period would otherwise expire on a day which is not a Business Day if but is a day of the next succeeding month after which no further Business Day occurs in the same calendar that month, and if there will be no succeeding Business Day in such calendar month, the that Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viii) Neither the Borrower nor the applicable Qualified Borrower may not select an a Eurodollar Interest Period as to any Loan if such Interest Period which terminates later than the Revolving Credit Termination Maturity Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viiiv) There shall be no more than twelve five (125) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 2 contracts

Samples: Loan Agreement (Prime Group Realty Trust), Loan Agreement (Prime Group Realty Trust)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months)a longer duration, or for a period of 7 or 14 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 or 14 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Simon Property Group L P /De/), Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate -------------- Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of -------------- Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an ----------- interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans -------------------------- described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)longer duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day Day, if the next succeeding Business Day occurs in the same calendar month, and and, if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viiv) There shall be no more than twelve three (123) Interest Periods in effect Eurodollar Rate Loans outstanding at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Revolving Credit Agreement (General Growth Properties Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate LoansSECTION 2.01(ii), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(cSECTION 2.02(ii) and SECTION 2.05(iii) hereof (with respect to a conversion into or a continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions provision of this Section 5.2SECTION 2.10, to select specify an interest period (each, an “Eurodollar Interest Period”) Period to apply to the Borrowing of Eurodollar Rate Loans described in such notice, subject to availability. The determination of Eurodollar Interest Periods shall be subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iiia) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (ivb) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such the Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day; PROVIDED, HOWEVER, that if any such Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans would otherwise expire on a day which is not a Business Day if but is a day of the next succeeding month after which no further Business Day occurs in the same calendar that month, and if there will be no succeeding Business Day in such calendar month, the that Eurodollar Interest Period shall Shall expire on the immediately preceding Business Day; (vc) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period as to any Loan if such Interest Period which terminates later than the (1) February 22, 2004, with respect to any US Revolving Credit Termination DateLoan and/or any Canadian Revolving Credit Loan denominated in Dollars and (2) February 22, 2008, with respect to any Acquisition/Term Loan; (vid) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period with respect to any portion of principal of a Eurodollar Rate Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is Borrowers are required to make a scheduled payment of such any portion of principal; and, it being understood and agreed that any Eurodollar Rate Loan whose Eurodollar Interest Period ends less than one month prior to such required principal payment date shall be deemed converted to a Base Rate Loan as of the last day of such Eurodollar Interest Period for purposes of determining whether any portion of principal of any Eurodollar Rate Loan is required in order to make a mandatory payment of principal; (viie) There shall be no more than twelve ten (1210) Eurodollar Interest Periods under this Loan Agreement in effect at any one time with respect to time; and (f) No Canadian Revolving Credit Loan denominated in Canadian Dollars may bear interest at the Eurodollar Rate LoansRate.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Cantel Medical Corp)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), ) or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration[reserved]; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date or the Term Maturity Date, as applicable; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve eight (12) 8) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Maturity Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve five (125) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Restructuring Support Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(bSECTION 2.02(B) or SECTION 2.03(B) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(cSECTION 5.01(E) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.2SECTION 5.03, to select an interest period (each, an “each a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower The Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period of one (each, a “Eurodollar Interest Period”) of one, two1), three or (3), six months in duration (6), or, with the prior written consent of the Administrative Agent and if available to all Lenders, nine (9) or twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (312) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period as to any Revolving Loan or Loan made under the Acquisition Subfacility if such Eurodollar Interest Period terminates later than the scheduled Revolving Credit Termination Date; (v) The Borrowers may not select a Eurodollar Interest Period as to any Term Loan if such Eurodollar Interest Period terminates later than the scheduled Term Loan Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is Borrowers are required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve eight (12) 8) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an a Eurodollar Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three three, six, or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, nine and twelve months), or for a period of 7 days months (provided, however, that in no event shall there be more than three (3as selected by the Borrower) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Term Loan or Revolving Loan if such Eurodollar Interest Period terminates later than the Term Loan Maturity Date or Revolving Credit Termination Loan Maturity Date, respectively; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viiv) There shall be no more than twelve six (126) Eurodollar Interest Periods in effect at any one time with respect time; and (vi) Any Eurodollar Interest Period pertaining to a Borrowing of Eurodollar Rate LoansLoans that commences on the last Business Day of a calendar month (or a day for which there is no numerically corresponding day in the last calendar month of such Eurodollar Interest Period) shall end on the last Business Day of the last calendar month of such Eurodollar Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Determination of Eurodollar Interest Period. By giving notice as ------------------------------------------- set forth in Section 2.1(b2.02(b) (with respect to a Borrowing of Eurodollar Rate --------------- Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of --------------- Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a ------------ "Eurodollar Interest Period") to apply to the Loans described in such notice, --------------------------- subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower The Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination DateDate in the case of Revolving Loans or the Term Loan Maturity Date in the case of Term Loans; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period with respect to any portion of principal of a Term Loan which extends beyond a date on which the Borrower or the applicable Qualified a Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (International Technology Corp)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (orduration; notwithstanding the forgoing, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods Period for the Borrowing of 7 days outstanding at any time)Eurodollar Rate Loans made on the Funding Date shall be the period commencing on the Funding Date and ending on June 8, 2016; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Term Maturity Date; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve three (123) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.1(c) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Competitive Bid Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”a "EURODOLLAR INTEREST PERIOD") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Competitive Bid Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principalprincipal of which the Borrower is aware on the date of such request, in the case of a payment pursuant to Section 4.1(d) hereof; and (vii) There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Reckson Operating Partnership Lp)

Determination of Eurodollar Interest Period. By giving notice ------------------------------------------- as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market -------------- Loans), or Section 5.1(c) (with respect to a conversion into or continuation of -------------- Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an "Interest ----------- -------- Period") to apply to the Loans described in such notice, subject to the ------ following provisions: (i1) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a "Eurodollar Interest Period”Pe- ----------------------- riod") of one, two, three or six months in duration (or, with the prior ---- written consent of the Administrative Agent and if available to all LendersAgent, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time);longer duration (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii2) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv3) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v4) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii5) There shall be no more than twelve four (124) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(bSECTION 2.02(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), Loans after the Effective Date) or Section 5.1(cSECTION 2.05(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Southland shall have the option, subject to the other provisions of this Section 5.2SECTION 2.09, to select specify an interest period (each, an “each a "Eurodollar Interest Period") to apply to the Borrowing of Eurodollar Rate Loans described in such notice, which Eurodollar Interest Period shall be a period of either one, two, three, six or, if available to each of the Senior Lenders, twelve months. The determination of Eurodollar Interest Periods shall be subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods Period applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next immediately preceding Eurodollar Interest Period expires; (ivii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such the Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day; PROVIDED, that if any such Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans would otherwise expire on a day which is not a Business Day if but is a day of the next succeeding month after which no further Business Day occurs in the same calendar that month, and if there will be no succeeding Business Day in such calendar month, the that Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viii) Neither the Borrower nor the applicable Qualified Borrower Southland may not select an a Eurodollar Interest Period as to for any Loan if such Interest Period Borrowing of Revolving Loans which terminates later than the Revolving Credit Termination Date; or for the Term Loans, or any portion thereof, which terminates later than December 31, 2001; (viiv) Neither the Borrower nor the applicable Qualified Borrower Southland may not select an a Eurodollar Interest Period with respect to any portion of principal of a Eurodollar Rate Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower Southland is required to make a scheduled payment of that portion of principal, it being understood and agreed that any Eurodollar Rate Loan whose Eurodollar Interest Period ends less than one month prior to such date shall be deemed converted to a Base Rate Loan as of the last day of such Eurodollar Interest Period for purposes of determining whether any portion of principal of any Eurodollar Rate Loan is required in order to make a mandatory payment of principal; and (viiv) There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Southland Corp)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) or Section 2.02(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Maturity Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve fifteen (1215) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months)a longer duration, or for a period of 7 or 14 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 or 14 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination DateIntentionally Omitted; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; andIntentionally Omitted; (vii) There shall be no more than twelve Intentionally Omitted; (12viii) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.Intentionally Omitted;

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, ,< or> three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), ) or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration[reserved]; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date or the Term Maturity Date, as applicable; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve eight (12) 8) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice as ------------------------------------------- set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months one month in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in durationIntentionally Omitted; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended ex tended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date;; and (vi) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viiprincipal of which the Borrower is aware on the date of such request, in the case of a payment pursuant to Section 4.1(d) There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loanshereof.

Appears in 1 contract

Samples: Credit Agreement (Reckson Associates Realty Corp)

Determination of Eurodollar Interest Period. By giving notice as ------------------------------------------- set forth in Section 2.1(b2.02(b) (with respect to a Borrowing of Eurodollar Rate --------------- Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with --------------- respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.2------- 4.02, to select an interest period (each, an “a "Eurodollar Interest Period") to ----- ---------------------------- apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower The Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an (A) prior to the Merger Funding Date, a Eurodollar Interest Period of either one or two months in duration and (eachB) on and after the Merger Funding Date, a Eurodollar Interest Period”) Period of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period as to any Loan (A) made prior to the Merger Funding Date if such Eurodollar Interest Period terminates later than the Tender Offer Loan Maturity Date and (B) made thereafter if such Eurodollar Interest Period terminates later than the Revolving Credit Termination DateDate in the case of Revolving Loans or the Term Loan Maturity Date in the case of Term Loans; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an a Eurodollar Interest Period with respect to any portion of principal of a Term Loan which extends beyond a date on which the Borrower or the applicable Qualified a Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve (12A) prior to the Merger Funding Date, five (5) and (B) on and after the Merger Funding Date, ten (10), Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (International Technology Corp)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section SECTION 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section SECTION 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section SECTION 5.2, to select an interest period (each, an “Interest Period”a "EURODOLLAR INTEREST PERIOD") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months)a shorter or a longer duration; PROVIDED, or for a period of 7 days (provided, howeverHOWEVER, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, not elect a Eurodollar Interest Period longer than one month until achievement of one, two, or three months a "Successful Secondary Syndication" as described in duration;SECTION 2.6. (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day Day, if the next succeeding Business Day occurs in the same calendar month, and and, if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect as to any portion of principal of a Loan which extends beyond a (or applicable portion thereof) if, after giving effect to such selection, the aggregate principal amount of Eurodollar Rate Loans having Eurodollar Interest Periods ending after the next succeeding date on which an installment of the Borrower or Loans is scheduled to be repaid would exceed the applicable Qualified Borrower is required aggregate principal amount of the Loans scheduled to make a scheduled payment of be outstanding after giving effect to such portion of principalrepayment; and (viivi) There shall be no more than twelve ten (1210) Interest Periods in effect Eurodollar Rate Loans outstanding under this Agreement at any one time with respect to Eurodollar Rate Loansin the aggregate.

Appears in 1 contract

Samples: Revolving and Term Credit Agreement (General Growth Properties Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), ) or for a period of 7 days (provided, however, that in no event shall there be more than three two (32) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Term Maturity Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve five (125) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.. DB3/376865415.8

Appears in 1 contract

Samples: Term Loan Agreement (WP Glimcher Inc.)

Determination of Eurodollar Interest Period. By giving notice ------------------------------------------- as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar -------------- Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or -------------- continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an ----------- interest period (each, an “a "Eurodollar Interest Period") to apply to the -------------------------- Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, two or three months in duration; (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principalprincipal of which the Borrower is aware on the date of such request, in the case of a payment pursuant to Section 4.1(d) hereof; andand -------------- (viivi) There shall be no more than twelve seven (127) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Reckson Associates Realty Corp)

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Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans or IBOR Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months)a longer duration, or for a period of 7 days (provided14 days, however, that in no event shall there be not more frequently than three (3) Eurodollar Interest Periods of 7 days outstanding at times in any time)calender quarter, unless any Lender has previously advised Administrative Agent and Borrower that it does not accept, in its sole discretion, the Offered Rate; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified The Borrower may select only select, as to a particular Borrowing of IBOR Rate Loans, an Interest Period as to any Loan if such (each, an “IBOR Interest Period terminates later than the Revolving Credit Termination DatePeriod”) of fourteen (14) days in duration; (vi) Neither the Borrower nor the applicable Qualified The Borrower may select only select, as to a particular Borrowing of IBOR Money Market Loans, an IBOR Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; andfourteen (14) days in duration; (vii) There In the case of immediately successive IBOR Interest Periods applicable to a Borrowing of IBOR Rate Loans, each successive IBOR Interest Period shall commence on the day on which the next preceding IBOR Interest Period expires; (viii) If any IBOR Interest Period would otherwise expire on a day which is not a Business Day, such IBOR Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no more than twelve (12) succeeding Business Day in such calendar month, the IBOR Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.Period shall expire on the immediately preceding Business Day;

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) or Section 2.02(b) (with respect to a Borrowing of a Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), Loan) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of a Eurodollar Rate LoansLoan), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination applicable Maturity Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Stellex Technologies Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section SECTION 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section SECTION 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section SECTION 5.2, to select an interest period (each, an “Interest Period”"INTEREST PERIOD") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”"EURODOLLAR INTEREST PERIOD") of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersAgent, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time);longer duration (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve five (125) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans or IBOR Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an "Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified 5.2.2.0.1. The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a "Eurodollar Interest Period") of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersArrangers, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)longer duration; (ii) 5.2.2.0.2. The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) 5.2.2.0.3. In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) 5.2.2.0.4. If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified 5.2.2.0.5. The Borrower may only select, as to a particular Borrowing of IBOR Rate Loans, an Interest Period (each, an "IBOR Interest Period") of fourteen (14) days in duration, provided that no IBOR Interest Period shall exist during any IBOR Black-Out Period; 5.2.2.0.6. The Borrower may only select, as to a particular Borrowing of IBOR Money Market Loans, an IBOR Interest Period of fourteen (14) days in duration, provided that no IBOR Interest Period shall exist during any IBOR Black-Out Period; 5.2.2.0.7. In the case of immediately successive IBOR Interest Periods applicable to a Borrowing of IBOR Rate Loans, each successive IBOR Interest Period shall commence on the day on which the next preceding IBOR Interest Period expires; 5.2.2.0.8. If any IBOR Interest Period would otherwise expire on a day which is not a Business Day, such IBOR Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the IBOR Interest Period shall expire on the immediately preceding Business Day; 5.2.2.0.9. The Borrower may not select an IBOR Interest Period as to any IBOR Rate Loan or IBOR Money Market Loan if such IBOR Interest Period terminates during any IBOR Black-Out Period; 5.2.2.0.10. The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified 5.2.2.0.11. The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) 5.2.2.0.12. There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans or IBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Determination of Eurodollar Interest Period. By giving ------------------------------------------- notice as set forth in Section 2.1(b2.2(b) or 2.3(b) (with respect to a ------------------------ Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to -------------- a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “a "Eurodollar ----------- Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Revolving Loan or Acquisition Facility Revolving Loan if such Eurodollar Interest Period terminates later than the scheduled Revolving Credit Termination Date or Acquisition Facility Revolving Termination Date, as the case may be; (v) The Borrower may not select a Eurodollar Interest Period as to any Term Loan or Acquisition Facility Term Loan if such Eurodollar Interest Period terminates later than the scheduled Term Loan Termination Date or Acquisition Facility Termination Date, as the case may be; (vi) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve five (125) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Eco Corp)

Determination of Eurodollar Interest Period. By giving notice as ------------------------------------------- set forth in Section 2.1(bSections 2.01(ii) and 2.02(iii) hereof (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a ------------------------------- conversion into or a continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other terms, conditions and provisions of this Section 5.22.06, to select an interest period (each, an “specify the Eurodollar Interest Period”) Period to apply to the ------------ Borrowing of Eurodollar Rate Loans described in such notice, subject to availability. The determination of Eurodollar Interest Periods shall be subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iiia) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (ivb) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such the Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day; provided, however, that -------- ------- if any such Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans would otherwise expire on a day which is not a Business Day if but is a day of the next succeeding month after which no further Business Day occurs in the same calendar that month, and if there will be no succeeding Business Day in such calendar month, the then that Eurodollar Interest Period shall expire on the immediately preceding Business Day; (vc) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to for any Revolving Credit Loan if such Interest Period which terminates later than the Revolving Credit Termination Date; (vid) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Eurodollar Rate Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such any portion of principal; and, it being understood and agreed that any Eurodollar Rate Loan whose Eurodollar Interest Period ends less than one month prior to such required principal payment date shall be deemed converted to a Base Rate Loan as of the last day of such Eurodollar Interest Period for purposes of determining whether any portion of principal of any Eurodollar Rate Loan is required in order to make a mandatory payment of principal; (viie) There shall be no more than twelve (12) limit to the number of Eurodollar Interest Periods under this Loan Agreement in effect at any one time with respect to under the Revolving Credit Facility; and (f) If any Eurodollar Rate LoansInterest Period commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurodollar Interest Period) then said Eurodollar Interest Period shall end on the last Business Day of the last calendar month of such Eurodollar Interest Period.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Saga Systems Inc /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section SECTION 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section SECTION 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section SECTION 5.2, to select an interest period (each, an “Interest Period”"INTEREST PERIOD") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”"EURODOLLAR INTEREST PERIOD") of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent Payment and if available to all LendersDisbursement Agent, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)longer duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in durationintentionally omitted; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve six (126) Interest Periods (of which not more than three (3) shall be for a period of less than 30 days) in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group Inc /De/)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(bSECTION 2.02(b) or SECTION 2.03(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(cSECTION 5.01(e) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2SECTION 5.03, to select an interest period (each, an “each a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period of one (each, a “Eurodollar Interest Period”) of one, two1), three or (3), six months in duration (6), or, with the prior written consent of the Administrative Agent and if available to all Lenders, nine (9) or twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (312) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iiiii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Revolving Loan or Loan made under the Acquisition Subfacility if such Eurodollar Interest Period terminates later than the scheduled Revolving Credit Termination Date; (v) The Borrower may not select a Eurodollar Interest Period as to any Term Loan if such Eurodollar Interest Period terminates later than the scheduled Term Loan Termination Date; (vi) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve eight (12) 8) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Aviation Sales Co)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, or three or six months in duration (or, with the prior written consent of the Administrative Agent agent and if available to all Lenders, twelve months), ) or for a period of 7 days (provided, however, that in no event shall there be more than three two (32) Eurodollar Interest Periods of 7 days outstanding at any time); notwithstanding the forgoing, the Eurodollar Interest Period for the Borrowing of Eurodollar Rate Loans made on the Funding Date shall be the period commencing on the Funding Date and ending on December 31, 2015;; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration;[Reserved]. (iii) (ii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower may select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (vii) There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans or IBOR Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), or Section 5.1(c) (with respect to a conversion into or continuation continua tion of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an "Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a "Eurodollar Interest Period") of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all LendersArrangers, twelve months), a shorter or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)longer duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive suc cessive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iv) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified The Borrower may only select, as to a particular Borrowing of IBOR Rate Loans, an Interest Period (each, an "IBOR Interest Period") of fourteen (14) days in duration, provided that no IBOR Interest Period shall exist during any IBOR Black-Out Period; (vi) The Borrower may only select, as to a particular Borrowing of IBOR Money Market Loans, an IBOR Interest Period of fourteen (14) days in duration, provided that no IBOR Interest Period shall exist during any IBOR Black-Out Period; (vii) In the case of immediately successive IBOR Interest Periods applicable to a Borrowing of IBOR Rate Loans, each successive IBOR Interest Period shall commence on the day on which the next preceding IBOR Interest Period expires; (viii) If any IBOR Interest Period would otherwise expire on a day which is not a Business Day, such IBOR Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the IBOR Interest Period shall expire on the immediately preceding Business Day; (ix) The Borrower may not select an IBOR Interest Period as to any IBOR Rate Loan or IBOR Money Market Loan if such IBOR Interest Period terminates during any IBOR Black-Out Period; (x) The Borrower may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Date; (vixi) Neither the Borrower nor the applicable Qualified The Borrower may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viixii) There shall be no more than twelve (12) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans or IBOR Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Simon Debartolo Group Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), Loans after the Effective Date) or Section 5.1(c2.03(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Company shall have the option, subject to the other provisions of this Section 5.22.07, to select specify an interest period (each, an each a Eurodollar Interest Period”) to apply to the Borrowing of Eurodollar Rate Loans described in such notice, which Eurodollar Interest Period shall be a period of either one, two, three, six or, if available to each of the Lenders, nine or twelve months. The determination of Eurodollar Interest Periods shall be subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time); (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) : In the case of immediately successive Eurodollar Interest Periods Period applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next immediately preceding Eurodollar Interest Period expires; (iv) ; If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such the Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day; provided, that if any such Eurodollar Interest Period applicable to a Borrowing of Eurodollar Rate Loans would otherwise expire on a day which is not a Business Day if but is a day of the next succeeding month after which no further Business Day occurs in the same calendar that month, and if there will be no succeeding Business Day in such calendar month, the that Eurodollar Interest Period shall expire on the immediately preceding Business Day; (v) Neither the Borrower nor the applicable Qualified Borrower ; The Company may not select an a Eurodollar Interest Period as to for any Loan if such Interest Period Borrowing of Loans which terminates later than the Revolving Credit Commitment Termination Date; (vi) Neither the Borrower nor the applicable Qualified Borrower ; The Company may not select an a Eurodollar Interest Period with respect to any portion of principal of a Eurodollar Rate Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower Company is required to make a scheduled payment of such that portion of principal, it being understood and agreed that any Eurodollar Rate Loan whose Eurodollar Interest Period ends less than one month prior to such date shall be deemed converted to a Base Rate Loan as of the last day of such Eurodollar Interest Period for purposes of determining whether any portion of principal of any Eurodollar Rate Loan is required in order to make a mandatory payment of principal; and (vii) and There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (7 Eleven Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower (or the applicable relevant Qualified Borrower Borrower, as applicable) shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availabilityThe Borrower (or such Qualified Borrower, the Borrower or the applicable Qualified Borrower as applicable) may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (orthree, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months)six, or for a period of 7 days twelve months (if avail able from all the Lenders) in duration, provided, however, that in no event shall there be more than three (3) such Eurodollar Interest Periods of 7 two, three, and six months duration shall only be available after the earlier to occur of (x) 120 days outstanding at any time)from the Closing Date, or (y) full syndication of this facility; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the The Borrower nor the applicable (or such Qualified Borrower Borrower, as applicable) may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than one (1) month prior to the Revolving Credit Termination Date; (viv) Neither the The Borrower nor the applicable (or such Qualified Borrower Borrower, as applicable) may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower (or the applicable such Qualified Borrower Borrower, as applicable) is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve six (126) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Prometheus Senior Quarters LLC)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b) (with respect to a Borrowing of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower Borrowers shall have the option, subject to the other provisions of this Section 5.2, to select an interest period (each, an “Interest Period”) to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified Borrower Borrowers may only select, as to a particular Borrowing of Eurodollar Rate Loans, an Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (orduration; notwithstanding the forgoing, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods Period for the Borrowing of 7 days outstanding at any time)Eurodollar Rate Loans made on the Funding Date shall be the period commencing on the Funding Date and ending on July 8, 2016; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an Interest Period as to any Loan if such Interest Period terminates later than the Revolving Credit Termination Term Maturity Date; (viv) Neither the Borrower nor the applicable Qualified Borrower The Borrowers may not select an Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve three (123) Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Washington Prime Group, L.P.)

Determination of Eurodollar Interest Period. By giving notice ------------------------------------------- as set forth in Section 2.1(b2.01(b) or Section 2.02(b) (with respect to a Borrowing ---------------------------------- of Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c4.01(c) (with respect to a conversion into --------------- or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest ------------ period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such -------------------------- notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Maturity Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve fifteen (1215) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Determination of Eurodollar Interest Period. By giving notice as set forth in Section 2.1(b2.01(b) or Section 2.02(b) (with respect to a Borrowing of a Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), Loan) or Section 5.1(c4.01(c) (with respect to a conversion into or continuation of a Eurodollar Rate LoansLoan), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.24.02, to select an interest period (each, an “a "Eurodollar Interest Period") to apply to the Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular partic ular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of either one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will shall be no succeeding Business Day in such calendar month, the such Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Commitment Termination Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal princi pal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principal; and (viivi) There shall be no more than twelve ten (1210) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loanstime.

Appears in 1 contract

Samples: Credit Agreement (Stellex Industries Inc)

Determination of Eurodollar Interest Period. By giving ------------------------------------------- notice as set forth in Section 2.1(b) (with respect to a Borrowing of -------------- Eurodollar Rate Loans), Section 2.2 (with respect to a Borrowing of Money Market Loans), ) or Section 5.1(c) (with respect to a conversion -------------- into or continuation of Eurodollar Rate Loans), the Borrower or the applicable Qualified Borrower shall have the option, subject to the other provisions of this Section 5.2, to select ----------- an interest period (each, an “a "Eurodollar Interest Period") to apply to the -------------------------- Loans described in such notice, subject to the following provisions: (i) Subject to availability, the Borrower or the applicable Qualified The Borrower may only select, as to a particular Borrowing of Eurodollar Rate Loans, an a Eurodollar Interest Period (each, a “Eurodollar Interest Period”) of one, two, three or six months in duration (or, with the prior written consent of the Administrative Agent and if available to all Lenders, twelve months), or for a period of 7 days (provided, however, that in no event shall there be more than three (3) Eurodollar Interest Periods of 7 days outstanding at any time)duration; (ii) The Borrower or the applicable Qualified Borrower may only select, as to a particular Borrowing of Eurodollar Money Market Loans, a Eurodollar Interest Period of one, two, or three months in duration; (iii) In the case of immediately successive Eurodollar Interest Periods applicable to a Borrowing of Eurodollar Rate Loans, each successive Eurodollar Interest Period shall commence on the day on which the next preceding Eurodollar Interest Period expires; (iviii) If any Eurodollar Interest Period would otherwise expire on a day which is not a Business Day, such Eurodollar Interest Period shall be extended to expire on the next succeeding Business Day if the next succeeding Business Day occurs in the same calendar month, and if there will be no succeeding Business Day in such calendar month, the Eurodollar Interest Period shall expire on the immediately preceding Business Day; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period as to any Loan if such Eurodollar Interest Period terminates later than the Revolving Credit Termination Date; (viv) Neither the Borrower nor the applicable Qualified The Borrower may not select an a Eurodollar Interest Period with respect to any portion of principal of a Loan which extends beyond a date on which the Borrower or the applicable Qualified Borrower is required to make a scheduled payment of such portion of principalprincipal of which the Borrower is aware on the date of such request, in the case of a payment pursuant to Section 4.1(d) hereof; andand -------------- (viivi) There shall be no more than twelve seven (127) Eurodollar Interest Periods in effect at any one time with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Reckson Associates Realty Corp)

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