Common use of LIBOR Periods Clause in Contracts

LIBOR Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Loans prior to 10:00 a.m. (New York time) on the third Business Day prior to the applicable date of making or conversion or continuation of such LIBOR Loans, the Borrower shall have the right to elect by giving the Administrative Agent written notice of (or telephonic notice promptly confirmed in writing) the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be one, two, three or six months. Notwithstanding anything to the contrary contained above:

Appears in 1 contract

Samples: Revolving Credit Agreement (ITC Holdings Corp.)

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LIBOR Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Loans prior to 10:00 a.m. (New York time) on the third Business Day prior to the applicable date of making or conversion or continuation of such LIBOR Loans, the Borrower shall shall, subject to Section 2.2, have the right to elect by giving the Administrative Agent written notice of (or telephonic notice promptly confirmed in writing) the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be one, two, three or six months. Notwithstanding anything to the contrary contained above:

Appears in 1 contract

Samples: Term Loan Agreement (ITC Holdings Corp.)

LIBOR Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Loans prior to 10:00 a.m. (New York time) on the third Business Day prior to the applicable date of making or conversion or continuation of such LIBOR Loans, the Borrower shall have the right to elect by giving the Administrative Agent written notice of (or telephonic notice promptly confirmed in writing) the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be one, two, three or six months (or, with the consent of each Lender, nine or twelve months). Notwithstanding anything to the contrary contained above:

Appears in 1 contract

Samples: Bridge Loan Agreement (ITC Holdings Corp.)

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LIBOR Periods. At the time the Borrower gives a the Notice of Borrowing or Notice of Continuation in respect of the making of, or conversion into or continuation ascontinuation, a the Borrowing of any LIBOR Loans Loan prior to 10:00 a.m. (New York time) on the third Business Day prior to the applicable date of making or conversion or continuation of such LIBOR LoansLoan, the Borrower shall have the right to elect by giving the Administrative Agent Lender written notice of (or telephonic notice promptly confirmed in writing) the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be two weeks or one, two, two or three or six months. Notwithstanding anything to the contrary contained above:

Appears in 1 contract

Samples: Term Loan Agreement (ITC Holdings Corp.)

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