Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 23 contracts
Samples: Loan Agreement, Credit Agreement (Gray Television Inc), Term Loan Agreement (American Tower Corp /Ma/)
Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Eurodollar Basis, or if for any reason a determination of a LIBOR Eurodollar Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 8 contracts
Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc)
Interest if No Notice of Selection of Interest Rate Basis. If the a Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 3 contracts
Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)
Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR BasisAdvance or an Interest Period for a LIBOR Advance, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concludedconcluded due to the fault of the Borrower, the Base Rate Basis shall apply to such the applicable Advance.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the --------------------------------------------------------- Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent Lender timely notice of its selection of a LIBOR BasisBasis or an Interest Period for a LIBOR Advance, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concludedconcluded due to the fault of the Borrower, the Base Rate Basis shall apply to such the applicable Advance.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the ---------------------------------------------- ---------- Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason (other than the failure of the Administrative Agent to take any action required of it hereunder) a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the a --------------------------------------------------------- Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis, or if for any reason a determination of a LIBOR Basis for any Advance is not timely concludedconcluded due to the fault of the Borrower, the Base Prime Rate Basis shall apply to such AdvanceAdvance until timely selection is made.
Appears in 1 contract
Interest if No Notice of Selection of Interest Rate Basis. If the --------------------------------------------------------- Borrower fails to give the Administrative Agent timely notice of its selection of a LIBOR Basis or a CD Rate Basis, or if for any reason a determination of a LIBOR Basis or a CD Rate Basis for any Advance is not timely concludedconcluded and the Administrative Agent has used reasonable efforts to make such determination, the Base Rate Basis shall apply to such Advance.
Appears in 1 contract
Samples: Loan Agreement (Cencom Cable Entertainment Inc /New)