LIBOR PERIOD ELECTION Sample Clauses
The LIBOR Period Election clause defines how the parties to a contract select the specific time period during which the London Interbank Offered Rate (LIBOR) will apply to a loan or financial instrument. Typically, this clause outlines the process for choosing the length of each interest period—such as one, three, or six months—at the start of each new interest period, often requiring the borrower to notify the lender of their selection within a specified timeframe. By establishing a clear method for determining the applicable interest period, this clause ensures predictability in interest calculations and helps both parties manage their cash flows and interest rate exposure.
LIBOR PERIOD ELECTION. 13 LIEN................................................................................14
LIBOR PERIOD ELECTION. LIBOR Period Election" for any Base Rent Period means a period of one month, two months, three months or six months as designated by Tenant at least ten Business Days prior to the commencement of such Base Rent Period by a notice given to Landlord in the form of Exhibit M attached to this Lease. (For purposes of this Lease a LIBOR Period Election for any Base Rent Period shall also be considered the LIBOR Period Election in effect on (1) the date [whether the Carrying Costs Accrual Termination Date or a Base Rent Date] upon which such Base Rent Period begins and (2) subsequent Base Rent Dates, if any, which occur before the date upon which such Base Rent Period ends.) Any LIBOR Period Election shall remain in effect not only for the entire first Base Rent Period for which it is designated or becomes effective, but also for subsequent Base Rent Periods until a new designation by Tenant becomes effective in accordance with the provisions set forth in this definition. Notwithstanding the foregoing, however:
LIBOR PERIOD ELECTION. 14 Lien............................................................ 15
LIBOR PERIOD ELECTION. (a) Each Dollar Borrowing shall have an initial LIBOR Period as specified in the respective Notice of Borrowing. Thereafter, the Borrower may elect the LIBOR Period for such Loan as provided in this Section and the definition of LIBOR Period.
(b) To make an election pursuant to this Section, the Borrower shall give the Administrative Agent written notice substantially in the form of Exhibit C (a “Notice of Interest Period Election”) not later than 11:00 am, New York City time, three Business Days before the effective date of the proposed election, which election shall be irrevocable.
LIBOR PERIOD ELECTION. 15 "Lien".....................................................................................15 "Liens Removable by BNPLC".................................................................16 "Losses"...................................................................................16 "Mandatory Collateral Period"..............................................................16 "Material Environmental Communication".....................................................16 "Maximum Remarketing Obligation"...........................................................17 "Minimum Extended Remarketing Price".......................................................17 "Multiemployer Plan".......................................................................17 "NAI"......................................................................................17 "NAI's Extended Remarketing Period"........................................................17