Interest Period Elections Sample Clauses

Interest Period Elections. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.
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Interest Period Elections. (a) Each Borrowing (i) which is outstanding on the First Anniversary shall automatically convert to a Eurocurrency Borrowing on the First Anniversary and (ii) made on or after the First Anniversary shall constitute a Eurocurrency Borrowing as of the date of the Borrowing, in each case with an initial Interest Period as specified in such Borrowing Request or otherwise designated by Section 2.03. Thereafter, each Borrower may elect Interest Periods therefor, as provided in this Section. Each Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.
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Interest Period Elections. The Borrower shall make Interest Period Elections, ------------------------- from time to time, and the Borrower shall be entitled to select a one-month Interest Period reset daily or a fixed Interest Period of 1, 2, 3 or 6 months in duration.
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Interest Period Elections. Each Borrowing shall have an initial Interest Period as specified in the applicable Borrowing Request. At the end of each Interest Period for a Borrowing, the Borrower shall notify the Administrative Agent of the next Interest Period to be in effect for such Borrowing by the time that a Borrowing Request would be required under Section 2.02. Each such request shall be irrevocable. If the Borrower shall not have timely specified an Interest Period for any Borrowing, then it will be deemed to have selected an Interest Period of one month's duration.
Sample 1
Interest Period Elections. (a) Each Borrowing shall have an initial Interest Period as specified in the Borrowing Request. Thereafter, the Borrower may continue such Borrowing for subsequent Interest Periods, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.
Sample 1
Interest Period Elections. Interest Period Elections for purposes hereof shall be determined as follows: Borrower shall make Interest Period Elections, from time to time. Borrower shall be entitled to select Interest Periods of 1,2,3 or 6 months in duration; and the terms of Section 3 below shall apply.
Sample 1
Interest Period Elections. By delivering a UK Interest Period Election Notice to the UK Agent on or before 1:00 p.m. (Local Time) on a Business Day, the UK Borrower may, with respect to any UK Loan, from time to time irrevocably elect, on not less than three nor more than five Business Day's notice prior to the last day of the then current Interest Period applicable thereto, the subsequent Interest Period applicable to all or any portion of such UK Loans in an aggregate minimum amount of UKpound sterling $1,000,000 and an integral multiple of UKpound sterling $100,000 Loans. In the absence of timely delivery of a UK Interest Period Election Notice, the UK Borrower shall be deemed to have elected an Interest Period with a duration of one month.
Sample 1
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Interest Period Elections. Article 10 Each Borrowing shall have an initial Interest Period as specified in the Borrowing Request. Thereafter, the Borrower may continue such Borrowing for subsequent Interest Periods, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.
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Related to Interest Period Elections

  • LIBOR Interest Periods In lieu of making any payment pursuant to this Section 5.2 in respect of any LIBOR Loan, other than on the last day of the Interest Period therefor so long as no Event of Default shall have occurred and be continuing, the Borrower at its option may deposit, on behalf of the Borrower, with the Administrative Agent an amount equal to the amount of the LIBOR Loan to be prepaid and such LIBOR Loan shall be repaid on the last day of the Interest Period therefor in the required amount. Such deposit shall be held by the Administrative Agent in a corporate time deposit account established on terms reasonably satisfactory to the Administrative Agent, earning interest at the then customary rate for accounts of such type. Such deposit shall constitute cash collateral for the LIBOR Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 5.2.

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

  • Conversions and Elections of Subsequent Interest Periods Subject to the limitations set forth below and in Article IV hereof, the Borrower may:

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be:

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • different Interest Periods If the Agent does not receive a Borrowing Notice or an Interest Rate Selection Notice giving notice of election of the duration of an Interest Period or of Conversion of any Loan to or Continuation of a Loan as a Eurodollar Rate Loan by the time prescribed by Section 2.1(c) or 2.8, the Borrower shall be deemed to have elected to Convert such Loan to (or Continue such Loan as) a Base Rate Loan until the Borrower notifies the Agent in accordance with Section 2.8.

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Selection of Interest Periods (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

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