End of Interest Period. If, at the end of the relevant Interest Period, and subject to all of the terms and conditions applicable to a request that a new interest rate be selected, the Lender does not receive timely notice to continue the existing rate or request another Available Rate, the Borrower shall be deemed to have selected a One-Month LIBOR Rate Balance.
Appears in 2 contracts
Samples: Term Note (Truett-Hurst, Inc.), Term Note (Truett-Hurst, Inc.)
End of Interest Period. If, at the end of the relevant Interest Period, and subject to all of the terms and conditions applicable to a request that a new interest rate be selected, the Lender does not receive timely notice to continue the existing rate or request another Available Rate, the Borrower shall be deemed to have selected a One-Month LIBOR an Alternate Base Rate Balance.
Appears in 2 contracts
Samples: Term Note (Point.360), Term Note (Point.360)
