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 Lender timely notice of its selection of a LIBOR Basis 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 concluded due to the fault of the Borrower, the appropriate 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 Lender timely notice of its selection of a LIBOR Basis 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 concluded due to the fault of the Borrower, the appropriate Base Rate Basis shall apply to such the applicable Advance.

Interest if No Notice of Selection of Interest Rate Basis. If the --------------------------------------------------------- Borrower fails to give the Administrative Lender timely notice of its selection of a LIBOR Basis 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 concluded due to the fault of the Borrower, the appropriate Base Prime Rate Basis shall apply to such the applicable Advance.