Common use of Manner of Rate Selection Clause in Contracts

Manner of Rate Selection. The Company shall notify the Bank by 11:00 a.m. (Chicago time) at least three (3) Business Days prior to the date upon which the Company requests that any LIBOR Portion be created or that any part of the Domestic Rate Portion be converted into a LIBOR Portion. If any request is made to convert a LIBOR Portion into another type of Portion available hereunder, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto. All requests for the creation, continuance and conversion of Portions under this Agreement shall be irrevocable. Such requests may be written or oral and the Bank is hereby authorized to honor telephonic requests for creations, continuances and conversions received by it from any person the Bank reasonably believes to be an Authorized Representative without the need of independent investigation, the Company hereby indemnifying the Bank from any liability or loss ensuing from so acting.

Manner of Rate Selection. The Company Borrower shall notify the Bank by 11:00 a.m. (Chicago time) at least three (3) 3 Business Days prior to the date upon which the Company Borrower requests that any LIBOR Portion be created or that any part of the Domestic Base Rate Portion be converted into a LIBOR Portion. If any request is made to convert a LIBOR Portion into another type of the Base Rate Portion available hereunder, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto. All requests for the creation, continuance continuance, and conversion of Portions under this Agreement shall be irrevocable. Such requests may be written or oral and the Bank is hereby authorized to honor telephonic requests for creations, continuances continuances, and conversions received by it from any person the Bank reasonably in good faith believes to be an Authorized Representative without the need necessity of independent investigation, the Company Borrower hereby indemnifying the Bank from any liability or loss ensuing from so acting.

Manner of Rate Selection. The Company Borrowers shall notify the Bank by 11:00 a.m. (Chicago time) at least three (3) Business Days prior to the date upon which the Company requests Borrowers request that any LIBOR Portion be created or that any part of the Domestic relevant Base Rate Portion be converted into a LIBOR Portion. If any request is made to convert a LIBOR Portion into another type of the relevant Base Rate Portion available hereunder, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto. All requests for the creation, continuance continuance, and conversion of LIBOR Portions under this Agreement shall be irrevocable. Such requests may be written or oral and the Bank is hereby authorized to honor telephonic requests for creations, continuances continuances, and conversions received by it from any person Person the Bank reasonably believes to be an Authorized Representative without the need of independent investigation, the Company Borrowers hereby indemnifying the Bank from any liability or loss ensuing from so acting.

Manner of Rate Selection. The Company shall notify the Bank by 11:00 a.m. (Chicago time) at least three (3) 3 Business Days prior to the date upon which the Company requests that any LIBOR Portion be created or that any part of the Domestic Rate Portion be converted into a LIBOR Portion. If any request is made to convert a LIBOR Portion into another type of Portion available hereundera Domestic Rate Portion, such conversion shall only be made so as to become effective as of the last day of the Interest Period applicable thereto. All requests for the creation, continuance and conversion of Portions under this Agreement shall be irrevocable. Such requests may be written or oral and the Bank is hereby authorized to honor telephonic requests for creations, continuances and conversions received by it from any person the Bank reasonably in good faith believes to be an Authorized Representative without the need of independent investigation, the Company hereby indemnifying the Bank from any liability or loss ensuing from so acting.