IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than thirty (30) days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than One Hundred Thousand and 00/100 Dollars ($100,000.00).
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than Five Hundred Thousand Dollars ($500,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than 180 days. The first day of the interest period must be a Banking Day on which the Bank is also open for business in California and dealing in offshore dollars. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods of between 31 and 90 days, One Million Dollars ($1,000,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be 90 days or less. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of between 7 days and 90 days, One Million Dollars ($1,000,000).
(ii) for interest periods of between 7 days and 15 days, an amount which, when multiplied by the number of days in the applicable interest period, is not less than fifteen million (15,000,000) dollar-days.
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one year. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods of between 30 days and 90 days, One Million Dollars ($1,000,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The definition of "IBOR Rate" is added to read as follows:
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be one year or less. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of 91 days or longer, Five Hundred Thousand Dollars ($500,000).
(ii) for interest periods of between 30 days and 90 days, One Million Dollars($1,000,000).
(iii) for interest periods of between 2 days and 29 days, an amount which, when multiplied by the number of days in the applicable interest period, is not less than thirty million (30,000,000) dollar-days.
(iv) for interest periods of one day, Fifteen Million Dollars ($15,000,000).
(c) The Borrower may not elect an IBOR Rate with respect to any principal amount which is scheduled to be repaid before the last day of the applicable interest period.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be no shorter than 30 days and no longer than one 180 days. The first day of the interest period must be a Banking Day on which the Bank is also open for business in California and Chicago, Illinois, and dealing in offshore dollars. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) The Borrower shall irrevocably request an IBOR Rate Portion no later than 10:00 a.m. Chicago time two Banking Days prior to the day on which the IBOR Rate will take effect with respect to the requested IBOR Rate Portion.
(c) Each IBOR Rate Portion will be for an amount not less than $100,000 or an integral multiple of $50,000 in excess thereof. Not more than five (5) IBOR Rate Portions shall be permitted to be outstanding at the same time.
IBOR Rate. The election of IBOR Rates shall be subject to the following terms and requirements:
(a) The interest period during which the IBOR Rate will be in effect will be one, two, three, four, five or six months. The last day of the interest period will be determined by the Bank using the practices of the offshore dollar inter-bank market.
(b) Each IBOR Rate Portion will be for an amount not less than the following:
(i) for interest periods of six months, Five Hundred Thousan Dollars ($500,000).
(ii) for interest periods of one, two, three, four, or five months, One Million Dollars ($1,000,000).
