Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Company in the applicable Notice of Committed Borrowing. Thereafter, the Company may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to Section 2.08(d) and the provisions of Article 8), as follows: (i) if such Loans are Base Rate Loans, the Company may elect to convert such Loans to Euro-Dollar Loans as of any Euro-Dollar Business Day; and
Appears in 1 contract
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Company Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Company Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to Section 2.08(d) and the provisions of Article 8), as follows:
: (i) if such Loans are Base Rate Loans, the Company Borrower may elect to convert such Loans to Euro-Dollar Loans as of any Euro-Dollar Business Day; and23
Appears in 1 contract
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Company Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Company Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to Section 2.08(d) and the provisions of Article 8), as follows:
: (i) if such Loans are Base Rate Loans, the Company Borrower may elect to convert such Loans to Euro-Dollar Loans as of any Euro-Dollar Business Day; and22
Appears in 1 contract
Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at be of the type of rate Type specified by the Company Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Company Borrower may from time to time elect to change or continue the type Type of interest rate borne by Loans in each Group of Loans (Loans, subject in each case to Section 2.08(d) and the provisions of Article 8)8, as follows:
37 43 (i) if such Loans are Base Rate Loans, the Company may Borrower may, subject to subsection (d), elect to convert such Loans to Euro-Dollar Loans as of any Euro-Dollar Business Day; and
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Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)
