Ineligible Interest Periods Sample Clauses
Ineligible Interest Periods. If, on any date the Banks are to make an Advance all or a portion of which is to earn interest at the Adjusted LIBO Rate or on any Effective Date with respect to a Revolving Credit LIBO Rate Tranche, the period of time from such date or such Effective Date to the earlier of January 17, 1997 and the Termination Date is less than an Interest Period which the Borrowers could otherwise elect, the Borrowers will elect a Revolving Credit LIBO Rate Tranche whose Interest Period will end on or before the earlier of January 17, 1997 and the Termination Date, as necessary; provided, however, that on and after the Third Amendment Date, the Borrowers shall not have the right to or the right to request, and the Banks shall have no obligation to make an Advance, of a LIBO Loan. If an appropriate Interest Period is not available, then the requested Advance shall be made at the Adjusted Base Rate. If on any date the Banks are to convert a Term Loan Base Rate Tranche to a Term Loan LIBO Rate Tranche or on any Effective Date with respect to a Term Loan LIBO Rate Tranche, the period of time from such date or such Effective Date to the earlier of January 17, 1997 and the Maturity Date is less than an Interest Period which the Borrowers could otherwise elect, the Borrowers will elect a Term Loan LIBO Rate Tranche whose Interest Period will end on or before the earlier of January 17, 1997 and the Maturity Date, as necessary. If an appropriate Interest Period is not available, then the requested Term Loan LIBO Rate Tranche shall continue to earn interest at the Adjusted Base Rate.
Ineligible Interest Periods. If, on any date the Banks are to make a LIBO Loan or on any Effective Date, the period of time from such date or such Effective Date to the Commitment Termination Date or final repayment date is less than an Interest Period which the Borrowers could otherwise elect, the Borrowers will elect a LIBO Loan whose Interest Period will end on or before the Commitment Termination Date or the final repayment date, as necessary. If an appropriate Interest Period is not available, then the Loan shall be made at the Adjusted Base Rate.
Ineligible Interest Periods. If, on any date the Banks are to make a LIBO Loan or Foreign Currency Loan or on any Effective Date, the period of time from such date or such Effective Date to the Commitment Termination Date or final repayment date is less than an Interest Period which the Borrowers could otherwise elect, the Borrowers will elect a LIBO Loan or Foreign Currency Loan whose Interest Period will end on or before the Commitment Termination Date or the final repayment date, as necessary. If an appropriate Interest Period is not available, then the Loan shall be made at the Base Rate.
Ineligible Interest Periods. If, on any date the Lenders are to make an Advance all or a portion of which is to earn interest at the Adjusted LIBOR or on any Effective Date with respect to a LIBOR Loan, the period of time from such date or such Effective Date to the Termination Date is less than an Interest Period which the Borrower could otherwise elect, the Borrower will elect a LIBOR Loan whose Interest Period will end on or before the Termination Date, as necessary. If an appropriate Interest Period is not available, then the requested Advance shall earn interest at the Adjusted Base Rate.
Ineligible Interest Periods. 36 SECTION 2.20 Prepayment...................................... 36 SECTION 2.21 Availability of Rate Quotations................. 38 SECTION 2.22 Reimbursement for Funding Loss or Per Diem Carry Loss on Fixed Rate Loans............. 39 SECTION 2.23 Currency Hedge Indemnification.................. 39
Ineligible Interest Periods. If, on any date Lenders are to make a LIBOR Tranche or on any Effective Date, the period of time from such date or such Effective Date to the Final Repayment Date is less than an Interest Period which Borrowers could otherwise elect, Borrowers will elect a LIBOR Tranche whose Interest Period will end on or before the Final Repayment Date, as necessary. If an appropriate Interest Period is not available, then the requested Loan or Advance shall bear interest at the Adjusted Base Rate.
Ineligible Interest Periods. If, on any date the Bank is to make a LIBOR Loan, an Offered Rate Loan, a Fixed Rate Loan or on any Effective Date, the period of time from such date or such Effective Date to the Termination Date or final repayment date is less than an Interest Period which the Borrowers could otherwise elect, the Borrowers will elect a LIBOR Loan, Offered Rate Loan or Fixed Rate Loan whose Interest Period will end on or before the Termination Date or the final repayment date, as necessary. If an appropriate Interest Period is not available, then the Loan shall be made in Dollars at the Adjusted Prime Rate.