Common use of Election of Floating Rate Clause in Contracts

Election of Floating Rate. a) By written notice to the Facility Agent delivered prior to the date that is not less than 61 days prior to the First Disbursement Date, the Borrower may elect, without incurring any liability to make any payments pursuant to Section 4.4 or to pay any other indemnity or compensation obligation, to pay interest on the Loan at the Floating Rate.

Election of Floating Rate. (a) By written notice to the Facility Agent delivered prior to the date that is not less than 61 at least 65 days prior to the First Disbursement Initial Borrowing Date, the Borrower may elect, without incurring any liability to make any payments payment pursuant to Section 4.4 2.10 or to pay any other indemnity or compensation obligation, to pay interest on the Loan Loans at the Floating Rate.

Election of Floating Rate. (a) By written notice to the Facility Agent delivered prior to the earlier of (i) 5 days from the date that is not less than 61 days of execution of this Agreement and (ii) 5 Business Days prior to the First Disbursement Initial Borrowing Date, the Borrower may elect, without incurring any liability to make any payments payment pursuant to Section 4.4 2.10 or to pay any other indemnity or compensation obligation, to pay interest on the Loan Loans at the Floating Rate.

Election of Floating Rate. a) By written notice to the Facility Agent delivered prior to the date that is not less than 61 62 days prior to the First expected Disbursement Date, the Borrower may elect, without incurring any liability to make any payments pursuant to Section 4.4 or to pay any other indemnity or compensation obligation, to pay interest on the Loan at the Floating Rate.

Election of Floating Rate. a) By (a)By written notice to the Facility Agent delivered prior to the earlier of (i) 5 days from the date that is not less than 61 days of execution of this Agreement and (ii) 5 Business Days prior to the First Disbursement Initial Borrowing Date, the Borrower may elect, without incurring any liability to make any payments payment pursuant to Section 4.4 2.10 or to pay any other indemnity or compensation obligation, to pay interest on the Loan Loans at the Floating Rate.

Election of Floating Rate. a) By written notice to the Facility Administrative Agent delivered prior to the date that is not less than 61 days prior to the First Disbursement Contractual Delivery Date, the Borrower may elect, without incurring any liability to make any payments pursuant to Section 4.4 or to pay any other indemnity or compensation obligation, to pay interest on the Loan at the Floating Rate.