Interest Rate Election Notice. In the case of a Bank L/C Loan, the Administrative Agent shall have received, on or before the time required for its receipt pursuant to Section 3.2, an Interest Rate Election Notice with respect to such Bank L/C Loan, substantially in the form of Exhibit M.
Interest Rate Election Notice. See (S)2.6A(b). -----------------------------
Interest Rate Election Notice. CoreStates Bank, N.A. Broad and Chestnut Streets Philadelphia, PA 19101 Attention: Syndication Unit Xxxxxxxxx: Xxx xxxxxxxxxxx ("Xxxrower") hereby elects the following Interest Rate and Interest Period for the Credit Facility, pursuant to the terms of the Credit Agreement dated as of March ____, 1998 (the "Agreement") among Borrower, its Subsidiaries, the Agent and the Banks therein named. Capitalized terms as defined herein shall have the meaning set forth in the Agreement. The Loan to which this notice applies is in the amount of $___________ and was disbursed or issued on ______________. Interest Rate: ___ Borrower elects to continue present Interest Rate or ___ Borrower elects to convert present Interest Rate LIBOR Loan into Base Rate Loan ___ Base Rate Loan into LIBOR Loan ___ Interest Period: ___ Borrower elects to continue present Interest Period or ___ Borrower elects to change present Interest Period to: LIBOR Loans: ___ 1 month ___ 2 months ___ 3 months ___ 6 months Borrower certifies that, upon the making of the elections set forth herein, it will not have outstanding more than six (6) different LIBOR Loans and Base Rate Loans, combined. IMAGEMAX, INC. Dated: By: ----------------------- ------------------------ Name: Title: Exhibit 8.03
Interest Rate Election Notice. (Section 3.02(2)) Conversion (Section 3.03(2)) Prepayment/ Cash Collateralize (Section 2.07) Amount of Accommodations* (Sections Section 3.01(2) and 4.02(2)) Canadian Prime Rate Advance 1 Business Day 1 Business Day 1 Business Day 3 Business Days minimum Cdn.$500,000 and integral multiples of Cdn. $100,000 Base Rate (Canada) Advances/Base Rate (United States) Advance 1 Business Day 1 Business Day 1 Business Day 3 Business Days minimum U.S.$500,000 and integral multiples of U.S. $100,000 SOFR Loan 3 Business Days 3 Business Days 3 Business Days 3 Business Days minimum U.S.$500,000 and integral multiples of U.S. $100,000 XXXXX Loan 3 Business Days 3 Business Days 3 Business Days 3 Business Days minimum U.S.$500,000 and integral multiples of U.S. $100,000 Letters of Credit 2 Business Days - - - - In the case of conversion, the notice period applicable to the other Type of Accommodation or Advance into which an Accommodation is to be converted must also be observed. The day on which any notice is given is included and the day on which the specified action is to occur is excluded in calculating the notice period. The notice periods and amounts specified herein shall not apply to Swingline Advances. *The applicable Borrower shall be permitted to request an amount equal to the lesser of (i) the remaining available Commitment; and (ii) the minimum amount stipulated in this Schedule 4. SCHEDULE 5 APPLICABLE STANDBY FEE AND APPLICABLE MARGINS Level Total Funded Debt to Adjusted EBITDA For Canadian Prime Rate Advances/ Base Rate (Canada) Advances/Base Rate (United States) Advances, Canadian Prime Rate or Base Rate (Canada) or Base Rate (United States), as applicable, plus For SOFR Loans or Term XXXXX Loans or Daily Compounded XXXXX Loans, Adjusted Term SOFR / Adjusted Daily Simple SOFR or Adjusted Term XXXXX or Adjusted Daily Compounded XXXXX, as applicable, plus: Letters of Credit Fee Rate Standby Fee Rate 1 <2.00x 25 bps 150 bps 150 bps 30 bps 2 >2.00x & <2.75x 75 bps 200 bps 200 bps 40 bps 4 >3.50 & <4.00x 175 bps 300 bps 300 bps 60 bps The applicable “Applicable Margins” are expressed herein in basis points per annum.
