LIBOR Borrowing. The term “LIBOR BORROWING” means each amount of the unpaid principal balance of a LOAN which is designated by the BORROWER in accordance with the terms of this AGREEMENT to accrue interest at the ADJUSTED LIBOR RATE for a separately designated INTEREST PERIOD.
LIBOR Borrowing. (a) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 9:00 a.m., California time, at least two (2) LIBOR Banking Days (or three (3) if the LIBOR Borrowing is to be more than $15,000,000) before the first day of the applicable LIBOR Period. The Agent will notify each Bank of its receipt of a Request for Borrowing in accordance with Section 3.1(f). --------------
(b) At or about 9:00 a.m., California time, one (1) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives Borrower's Request for Borrowing, the Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone, telecopier or telex.
(c) Upon fulfillment of the applicable conditions set forth in Article 6, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
(d) The Agent in its sole discretion may require the Company to request any LIBOR Borrowing of $100,000,000 or more, or any redesignation of a Reference Rate Borrowing of $100,000,000 or more as a LIBOR Borrowing, at a time or on a day which is one (1) LIBOR Banking Day earlier than the deadline stated above (or for redesignations of Reference Rate Borrowings, stated Section 3.4 below) for making such a request. -----------
LIBOR Borrowing. (1) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 10:00 a.m., Honolulu, Hawaii time, at least four (4) LIBOR Banking Days before the first day of the applicable LIBOR Period. The Agent will notify each Bank of its receipt of a Request for Borrowing in accordance with SECTION 3.1(f).
(2) At or about 10:00 a.m., Honolulu, Hawaii time, two (2) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives Company's Request for Borrowing, the Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone, telecopier or telex.
(3) Upon fulfillment of the applicable conditions set forth in Article 6, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
(4) The Agent in its sole discretion may require the Company to request any LIBOR Borrowing of $100,000,000 or more, or any redesignation of a Reference Rate Borrowing of $100,000,000 or more as a LIBOR Borrowing, at a time or on a day which is one (1) LIBOR Banking Day earlier than the deadline stated above (or for redesignations of Reference Rate Borrowings, stated in SECTION 3.4 below) for making such a request.
LIBOR Borrowing. Each LIBOR Borrowing shall bear interest on the outstanding principal amount thereof, for each day during each Interest Period applicable thereto, at a rate per annum equal to the sum of the LIBOR Rate plus three and one- quarter percent (3.25%). Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.
LIBOR Borrowing. (a) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing, executed by a Designated Responsible Official, received by the Agent, at the Agent's office, not later than 9:00 a.m., California time, at least three (3) LIBOR Banking Days before the first day of the applicable LIBOR Period. The Agent will notify each Bank of its receipt of a Request for Borrowing in accordance with Section 3.1(f).
(b) Each Request for Borrowing pertaining to a LIBOR Borrowing shall designate the LIBOR Period applicable to such LIBOR Borrowing. If any Request for Borrowing fails to specify the duration of the LIBOR Period for the requested LIBOR Borrowing, the LIBOR Period shall be one month.
(c) At or about 9:00 a.m., California time, one (1) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives the Company's Request for Borrowing, the Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone, telecopier or telex.
(d) Upon fulfillment of the applicable conditions set forth in Article 6, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
(e) The Agent in its sole discretion may require the Company to request any LIBOR Borrowing of $100,000,000 or more, or any redesigna tion of a Reference Rate Borrowing of $100,000,000 or more as a LIBOR Borrowing, at a time or on a day which is earlier than the deadline stated above (or for redesignations of Reference Rate Borrowings, stated Section 3.4 below) for making such a request. The Company acknowledges that if this happens, the LIBOR Period for that LIBOR Borrowing could begin later than the Company had originally contemplated. The Company consents to any and all such delays.
(f) Nothing contained herein shall require the Banks to fund any LIBOR Borrowing in the London interbank eurodollar market.
LIBOR Borrowing. The term “LIBOR BORROWING” means each advance of principal sums made under the LOAN.
LIBOR Borrowing. (1) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 9:00 a.m., California time, at least three (3) LIBOR Banking Days before the first day of the applicable LIBOR Period. The Agent will notify each Bank of its receipt of a Request for Borrowing in accordance with SECTION 3.1(f).
(2) At or about 9:00 a.m., California time, one (1) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives Company's Request for Borrowing, the Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone, telecopier or telex.
(3) Upon fulfillment of the applicable conditions set forth in Article 6, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
(4) The Agent in its sole discretion may require the Company to request any LIBOR Borrowing of $100,000,000 or more, or any redesignation of a Reference Rate Borrowing of $100,000,000 or more as a LIBOR Borrowing, at a time or on a day which is one (1) LIBOR Banking Day earlier than the deadline stated above (or for redesignations of Reference Rate Borrowings, stated in SECTION 3.4 below) for making such a request.
(5) Nothing contained herein shall require the Banks to fund any LIBOR Borrowing in the London interbank eurodollar market or other Designated Market.
LIBOR Borrowing. 27 2.4 Redesignation of Borrowings and Continuation of LIBOR Borrowings....................................................27 2.5 Calculation of Borrowing Base.................................29 2.6
LIBOR Borrowing. (a) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing received by the Administrative Agent, at the Administrative Agent's office, not later than 11:00 a.m., Chicago time, at least three (3) LIBOR Banking Days before the first day of the applicable LIBOR Period. The Administrative Agent will promptly notify each Bank of its receipt of a Request for Borrowing in accordance with Section 2.1(F).
(b) At or about 11:00 a.m., Chicago time, one (1) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives the Company's Request for Borrowing, the Administrative Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone or telecopier.
(c) Upon fulfillment of the applicable conditions set forth in ARTICLE 4, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
LIBOR Borrowing. (a) Each request by the Company for a LIBOR Borrowing shall be made pursuant to a Request for Borrowing received by the Agent, at the Agent's office, not later than 9:00 a.m., California time, at least two (2) LIBOR Banking Days (or three (3) if the LIBOR Borrowing is to be more than $15,000,000) before the first day of the applicable LIBOR Period. The Agent will notify each Bank of its receipt of a Request for Borrowing in accordance with Section 3.1(f). --------------
(b) At or about 9:00 a.m., California time, one (1) LIBOR Banking Day after the LIBOR Banking Day on which Agent receives Borrower's Request for Borrowing, the Agent shall determine the applicable LIBOR Rate (which determination shall be conclusive in the absence of manifest error) and shall promptly give notice of the same to the Company and the Banks by telephone, telecopier or telex.
(c) Upon fulfillment of the applicable conditions set forth in Article 6, a LIBOR Borrowing shall become effective on the first day of the applicable LIBOR Period.
(e) Nothing contained herein shall require the Banks to fund any LIBOR Borrowing in the London interbank eurodollar market or other Designated Martet.
