Common use of different Interest Periods Clause in Contracts

different Interest Periods. If the Administrative Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Loan to or Continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c) or 2.8, the Borrower shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies the Administrative Agent in accordance with Section 2.8.

Appears in 1 contract

Samples: Security Agreement (Ameristeel Finance Inc)

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different Interest Periods. If the Administrative Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Loan to or Continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c) or 2.82.9, the Borrower shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies the Administrative Agent in accordance with Section 2.82.9.

Appears in 1 contract

Samples: Credit Agreement (Healthsouth Corp)

different Interest Periods. If the Administrative Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Revolving Loan to or Continuation of a Revolving Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c3.1(c) or 2.83.8, the applicable Borrower or Borrowers shall --------------------- be deemed to have elected to Convert such Loan Loans to (or Continue continue such Loan as) a Base Rate Loan until the applicable Borrower or Borrowers notifies the Administrative Agent in accordance with Section 2.8.3.8. -----------

Appears in 1 contract

Samples: Guaranty Agreement (Breed Technologies Inc)

different Interest Periods. If the Administrative Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion conversion of any Loan to or Continuation continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c) or 2.82.9, the Borrower shall be deemed to have elected to Convert convert such Revolving Loan to (or Continue continue such Revolving Loan as) a Base Rate Loan until the Borrower notifies the Administrative Agent in accordance with Section 2.82.9.

Appears in 1 contract

Samples: Credit Agreement (Medpartners Inc)

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different Interest Periods. If the Administrative Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Loan to or Continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section Sections 2.1(c) or ------------------ 2.8, the Borrower shall be deemed to have elected to Convert such Loan to (or --- Continue such Loan as) a Base Rate Loan until the Borrower notifies the Administrative Agent in accordance with Section 2.8.. -----------

Appears in 1 contract

Samples: Guaranty Agreement (Ameristeel Corp)

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