Common use of Interest if No Notice of Selection of Interest Rate Basis Clause in Contracts

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 Eurodollar Basis, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.

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 Eurodollar Basis, or if for any reason a determination of a the appropriate Eurodollar Basis for any Advance is not timely concludeddetermined, the Base Rate Basis shall apply to such Advance.

Interest if No Notice of Selection of Interest Rate Basis. If the Borrower fails to give the Administrative Funding 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 Prime Rate Basis shall apply to such Advance.

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 Eurodollar BasisBasis for any Advance, or if for any reason a determination of a Eurodollar Basis for any Advance is not timely concluded, the Base Rate Basis shall apply to such Advance.