Common use of Failure to Elect Interest Period Clause in Contracts

Failure to Elect Interest Period. If upon the expiration of any Interest Period applicable to Eurodollar Loans, the Borrower has failed to timely select a new Interest Period, such Loans shall automatically convert into Base Rate Loans.

Appears in 5 contracts

Samples: Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Broadcasting Group Inc), Credit Agreement (Nexstar Finance Inc)

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Failure to Elect Interest Period. If upon the expiration of -------------------------------- any Interest Period applicable to Eurodollar Loans, the Borrower has Borrowers have failed to timely select a new Interest Period, such Loans shall automatically convert into Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

Failure to Elect Interest Period. If upon the expiration of any -------------------------------- Interest Period applicable to Eurodollar Loans, the Borrower has failed to timely select a new Interest Period, such Loans shall automatically convert into Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Nexstar Finance Holdings LLC)

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Failure to Elect Interest Period. If upon the expiration of -------------------------------- any Interest Period applicable to Eurodollar Loans, the Borrower has failed to timely select a new Interest Period, such Loans shall automatically convert into Base Rate Loans.

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting of the Wichita Falls LLC)

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