Common use of different Interest Periods Clause in Contracts

different Interest Periods. If the Lender 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 2.7, the Borrowers 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 Lender in accordance with SECTION 2.7.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (World Fuel Services Corp)

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different Interest Periods. If the Lender 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(C2.1(c) OR 2.7, the Borrowers 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 Lender in accordance with SECTION 2.7.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (World Fuel Services Corp)

different Interest Periods. If the Lender 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 2.7, the Borrowers shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies Borrowers notify the Lender in accordance with SECTION 2.7.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (World Fuel Services Corp)

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different Interest Periods. If the Lender 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(C2.1(D) OR 2.7, the Borrowers shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies Borrowers notify the Lender in accordance with SECTION 2.7.

Appears in 1 contract

Samples: Revolving Credit and Reimbursement Agreement (World Fuel Services Corp)

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