Method of Electing Interest Periods. (a) The initial Interest Period for each Borrowing shall be as specified in the relevant Borrowing Request. Thereafter, the Borrower may from time to time, subject to Section 2.11 and Section 2.12, elect the duration of the Interest Period or Interest Periods applicable to the Loans (subject in each case to the definition of Interest Period and Section 2.11 and Section 2.12). Each such election of an Interest Period shall be made by delivering a written notice in a form approved by the Administrative Agent and signed by the Borrower (a “Notice of Interest Period Election”) to the Administrative Agent not later than 12:00 p.m., Santiago, Chile time, on the third Business Day before such election is to be effective. If a new Interest Period is elected, the Borrower will execute and deliver to the Administrative Agent, for each Lender, allonges (hojas de prolongación) to the Notes substantially in the form of Exhibit J hereto, in which the signature of the authorized representative of the Borrower has been duly authorized by a notary public in Chile, no later than the day on which the new Interest Period becomes effective. If no such notice is timely received prior to the end of an Interest Period, the Borrower shall be deemed to have elected that all Loans having such Interest Period be continued as Loans with an Interest Period equal in length to the Interest Period then ending (in each case subject to the definition of Interest Period).
Method of Electing Interest Periods. (a) The Advances included in each Borrowing (other than a Swingline Loan) initially shall have the Interest Period specified by the Applicable Borrower in the applicable Notice of Borrowing. Thereafter, the Applicable Borrower may from time to time elect to continue such Borrowing for a new Interest Period effective on the last day of the then current Interest Period applicable to such Borrowing. In no event shall any Borrower have the option to convert the Agreed Currency in which a Borrowing is denominated to another Agreed Currency; provided that any Borrower may repay such a Borrowing and reborrow in another Agreed Currency in accordance with this Agreement. Each such election by the Applicable Borrower to continue Advances shall be made by delivering a notice (a “Notice of Interest Period Election”) to the Administrative Agent by not later than 10:00 a.m. (London time) at least three Business Days before the continuation selected in such notice is to be effective. If the Applicable Borrower shall fail to issue a Notice of Interest Period Election within three Business Days prior to the end of any Interest Period (unless the Applicable Borrower shall have issued a notice of prepayment in respect of the applicable Borrowing in accordance with Section 5.12), the Advances comprising such Borrowing shall be continued as an Advance in the same Agreed Currency with an Interest Period of one month. A Notice of Interest Period Election may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Borrowing; provided that (i) such portion is allocated ratably among the Advances comprising such Borrowing and (ii) the portion to which such Notice of Interest Period Election applies, and the remaining portion to which it does not apply, are each a Euro Amount not less than €10,000,000 and an integral multiple of 5,000,000 units of the applicable currency.
Method of Electing Interest Periods. (a) The initial Interest Period for Loans included in each Borrowing shall be as specified by the Borrower in the applicable Notice of Borrowing. Thereafter, the Borrower may from time to time elect the duration of each subsequent Interest Period applicable thereto in accordance with this Section 2.14. Each such election shall be made by delivering a notice (a “Notice of Interest Period Election”) to the Administrative Agent not later than the Specified Time. A Notice of Interest Period Election may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such Notice applies, and the remaining portion to which it does not apply, are each at least in Approved Amounts. If no such notice is timely received before the end of an Interest Period for any Group of Loans, the Borrower shall be deemed to have elected that such Group of Loans be continued at the end of such Interest Period with an additional Interest Period of one month.
Method of Electing Interest Periods. (a) The Borrower will select the duration of each Interest Period by delivering a notice (a “Notice of Interest Rate Election”) to the Facility Agent not later than 10:30 A.M. (Local Time) on the third Business Day (or, if an Interest Period of nine or twelve months or an Interest Period shorter than one month is elected, the fifth Business Day) before the first day of such Interest Period. A Notice of Interest Rate Election may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such Notice applies, and the remaining portion to which it does not apply, are each: (A) for Tranche A Loans, A$50,000,000 or U.S.$50,000,000, as applicable, or any larger multiple of A$5,000,000 or U.S.$5,000,000, as applicable, (B) for Tranche B Loans, A$50,000,000 or U.S.$50,000,000, as applicable, or any larger multiple of A$5,000,000 or U.S.$5,000,000, as applicable, and (C) for Tranche C Loans, A$25,000,000 or NZ$25,000,000, as applicable, or any larger multiple of A$5,000,000 or NZ$5,000,000, as applicable.
Method of Electing Interest Periods. (a) The Issuer shall elect the initial Interest Period to be applicable to all the Loans commencing on the Interest Commencement Date and thereafter shall elect additional Interest Periods effective on the last day of the then current Interest Period; provided that if the Interest Commencement Date is the date described in clause (b) of the definition thereof, the Issuer shall be deemed to have delivered a Notice of Interest Rate Election electing an initial Interest Period of one month for the Interest Period commencing on the Interest Commencement Date. Each such election shall be made by delivering a notice (a) "Notice of Interest Rate Election") to the Administrative Agent not later than Noon (Eastern Time) on the third Euro- Dollar Business Day before the election selected in such notice is to be effective.
Method of Electing Interest Periods. 17 Section 2.05. Payment at Maturity; Evidence of Debt 18 Section 2.06. Optional and Mandatory Prepayments 18 Section 2.07. Fees 19 Section 2.08. Interest 19 Section 2.09. Substitute Rate of Interest 20 Section 2.10. Increased Costs 22 Section 2.11. Illegality 23 Section 2.12. Break Funding Payments 23 Section 2.13. Taxes 24
Method of Electing Interest Periods. (a) The initial Interest Period for each Borrowing shall be as specified in the relevant Borrowing Request. Thereafter, the Borrower may from time to time, subject to Sections 2.09, 2.10, 2.11 and 2.12, elect the duration of the Interest Period or Interest Periods applicable to the Loans (subject in each case to the definition of Interest Period and Sections 2.09, 2.10, 2.11 and 2.12). Each such election of an Interest Period shall be made by delivering a written notice substantially in the form of Exhibit E hereto (a “Notice of Interest Period Election”) to the Administrative Agent not later than 12:00 noon, New York City time, on the third Business Day before such election is to be effective. If no such notice is timely received prior to the end of an Interest Period, the Borrower shall be deemed to have elected that all Loans having such Interest Period be continued as Loans with an Interest Period of three months (in each case subject to the definition of Interest Period).
