Making an Election Clause Samples
The "Making an Election" clause defines the process by which a party formally chooses to exercise a right or option provided under the contract. Typically, this clause outlines the required method and timing for notifying the other party of the election, such as delivering written notice within a specified period. Its core function is to ensure clarity and certainty in how and when contractual rights are exercised, thereby preventing disputes over whether a party has properly made an election.
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Making an Election. To make an election pursuant to this Section 2.2, Borrower shall notify Administrative Agent of such election by telephone or electronic transmission (including e-mail) (i) in the case of a Eurodollar Borrowing, not later than 3:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing, or (ii) in the case of a Floating Rate Borrowing, not later than 3:00 p.m., New York City time, one (1) Business Day before the date of the proposed Borrowing. Each such notice shall be irrevocable and each telephonic notice shall be confirmed promptly by electronic transmission (including e-mail), hand delivery or telecopy to Administrative Agent of a written Interest Election Request signed by Borrower.
Making an Election. The payroll office must receive a salary reduction agreement in order to begin or change a wage reduction. These forms are available in the document repository on the district website. 403(b) and 457 board approved companies and information are available in the document repository and on the district website.
Making an Election. To make an election pursuant to this Section 2.2, Operating Borrower shall notify Administrative Agent of such election by telephone (i) in the case of a Eurodollar Borrowing (both as to the Type and Interest Period), not later than 3:00 p.m., New York City time, three (3) Business Days before the date of the proposed Borrowing, or (ii) in the case of an ABR Borrowing, not later than 3:00 p.m., New York City time, one (1) Business Day before the date of the proposed Borrowing. Each such notice shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to Administrative Agent of a written Interest Election Request and/or Interest Period Election Request in a form approved by Administrative Agent and signed by Operating Borrower. After receipt of any such request, Administrative Agent shall thereafter promptly deliver notice of such Advance request (and the applicable Interest Election Request and/or Interest Period Election Request) to each of the Lenders.
Making an Election. To make an election pursuant to this Section 2.2, COP III shall notify Lender of such election by telephone or electronic transmission (including e-mail) (i) in the case of a Eurodollar Borrowing, not later than 2:00 p.m., Milwaukee, Wisconsin time, three (3) Business Days before the date of the proposed Borrowing, or (ii) in the case of a Floating Rate Borrowing, not later than 2:00 p.m., Milwaukee, Wisconsin time, one (1) Business Day before the date of the proposed Borrowing. Each such telephonic notice shall be irrevocable and shall be confirmed promptly by electronic transmission (including e-mail), hand delivery or telecopy to Lender of a written Interest Election Request signed by Borrower.