Common use of If No Notice of Selection of Interest Rate Clause in Contracts

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 13 contracts

Samples: Credit Agreement (Chicos Fas Inc), Credit Agreement (New York Times Co), Credit Agreement (Haverty Furniture Companies Inc)

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If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of the Base Rate or a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance Loan is not timely concluded, the Base Rate shall apply to such AdvanceLoan. If the Administrative Borrower fails to elect to continue any Eurodollar Advance then outstanding Loan prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.22.3, as applicable, the Base Rate shall apply to such Advance Loan commencing on and after such Payment Date.

Appears in 5 contracts

Samples: Credit Agreement (Vulcan Materials CO), Credit Agreement (Vulcan Materials CO), Credit Agreement (Vulcan Materials CO)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp), Credit Agreement (Thomas & Betts Corp)

If No Notice of Selection of Interest Rate. If the Administrative a Borrower fails to give the Administrative Agent timely notice of its the selection of a Eurodollar Basis, or if for any reason a determination of the Administrative Agent is unable to timely determine a Eurodollar Basis for any Advance is not timely concludedAdvance, the Base Rate shall apply to such Advance. If the Administrative a Borrower fails to elect to continue reborrow any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.22.2 hereof, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 3 contracts

Samples: Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp), Credit Agreement (Bull Run Corp)

If No Notice of Selection of Interest Rate. If the Administrative a Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative a Borrower fails to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (Affinity Guest Services, LLC), Credit Agreement (Affinity Group Holding, Inc.)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue reborrow any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.22.2 hereof, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (El Pollo Loco, Inc.), Credit Agreement (El Pollo Loco, Inc.)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of the Base Rate or a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance Loan is not timely concluded, the Base Rate shall apply to such AdvanceLoan. If the Administrative Borrower fails to elect to continue any Eurodollar Advance Loan then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance Loan commencing on and after such Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (Vulcan Materials CO), Credit Agreement (Vulcan Materials CO)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar BasisRate, or if for any reason a determination of a Eurodollar Basis Rate for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 2 contracts

Samples: Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar BasisBasisSOFR Advance, or if for any reason a determination of a Eurodollar Basis BasisAdjusted Term SOFR for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue any Eurodollar EurodollarSOFR Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Haverty Furniture Companies Inc)

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If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the applicable Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance Loan is not timely concluded, the Base Rate shall apply to such AdvanceLoan. If the Administrative Borrower fails to elect to continue any Eurodollar Advance Loan then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance Loan commencing on and after such Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Zayo Group LLC)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails Borrowers fail to give the Administrative Agent timely notice of its selection of a Eurodollar an Interest Rate Basis, or if for any reason a determination of a Eurodollar Basis Rate for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails Borrowers fail to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If Advance and if the Administrative Borrower fails to elect to continue reborrow any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.22.3 hereof, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 1 contract

Samples: Loan Agreement (Cablevision Systems Corp)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails Borrowers fail to give the Administrative Agent timely notice of its selection of the Base Rate or a Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance Loan is not timely concluded, the Base Rate shall apply to such AdvanceLoan. If the Administrative Borrower fails Borrowers fail to elect to continue any Eurodollar Advance Loan then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance Loan commencing on and after such Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Vulcan Materials CO)

If No Notice of Selection of Interest Rate. If the Administrative Borrower fails to give the Administrative Agent timely notice of its selection of a Eurodollar an Interest Rate Basis, or if for any reason a determination of a Eurodollar Basis Rate for any Advance is not timely concluded, the Base Rate shall apply to such Advance. If the Administrative Borrower fails to elect to continue any Eurodollar Advance then outstanding prior to the last Payment Date applicable thereto in accordance with the provisions of Section 2.2, as applicable, the Base Rate shall apply to such Advance commencing on and after such Payment Date.

Appears in 1 contract

Samples: Credit Agreement (Installed Building Products, Inc.)

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