Common use of Failure to Specify Duration Clause in Contracts

Failure to Specify Duration. If the Borrower fails, prior to the date the Eurodollar Rate for any Interest Period is determined by the Agent, to specify the duration of any Interest Period for any Eurodollar Rate Advances, the Interest Period shall be one month.

Appears in 3 contracts

Samples: Credit and Term Loan Agreement (Integrated Health Services Inc), Revolving Credit Agreement (Integrated Health Services Inc), Revolving Credit Agreement (Integrated Health Services Inc)

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Failure to Specify Duration. If the Borrower fails, prior to the date the Eurodollar Rate for any Interest Period is determined by the AgentLender, to specify the duration of any Interest Period for any Eurodollar Rate Advances, the Interest Period shall be one month.

Appears in 1 contract

Samples: Credit Agreement (Ocular Sciences Inc /De/)

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Failure to Specify Duration. If the Borrower fails, prior to the date the Eurodollar Rate for any Interest Period is determined by the Agent, Agent to specify the duration of any Interest Period for any Eurodollar Rate Advances, the such Interest Period shall be one month.

Appears in 1 contract

Samples: Credit Agreement (Integrated Health Services Inc)

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