Common use of Method of Electing Interest Rates Clause in Contracts

Method of Electing Interest Rates. The Loans included shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Borrowing. Thereafter, so long as no Default has occurred and is continuing, the 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 2.05(d) and the provisions of Article 10) as follows:

Appears in 1 contract

Samples: Debtor in Possession Credit Agreement (Crown Vantage Inc)

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Method of Electing Interest Rates. The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, so long as no Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to subsection (d) of this Section 2.05(d) and the provisions of Article 10) ), as follows:

Appears in 1 contract

Samples: Credit Agreement (Ultramar Diamond Shamrock Corp)

Method of Electing Interest Rates. The Loans included in each Syndicated Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, so long as no Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.05(d) and the provisions of Article 10) 8 and the last sentence of this subsection (a)), as follows:

Appears in 1 contract

Samples: Credit Agreement (Imc Global Inc)

Method of Electing Interest Rates. The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, so long as no Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to subsection (d) of this Section 2.05(d) and the provisions of Article 10) 8), as follows:

Appears in 1 contract

Samples: Credit Agreement (Trigon Healthcare Inc)

Method of Electing Interest Rates. The Loans included in each Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Borrowing. Thereafter, so long as no Default has occurred and is continuing, the 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 2.05(d2.07(d) and the provisions of Article 10) Section 2.19), as follows:

Appears in 1 contract

Samples: Credit Agreement (United States Steel Corp)

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Method of Electing Interest Rates. The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, so long as no Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.05(d) and the provisions of Article 10) 8), as follows:

Appears in 1 contract

Samples: Credit Agreement (Central & South West Corp)

Method of Electing Interest Rates. The Loans included in each Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Borrowing. Thereafter, so long as no Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.05(d) and the provisions of Article 10) 8 and the last sentence of this subsection (a)), as follows:

Appears in 1 contract

Samples: Amendment No. 3 and Consent (Duke Energy Ohio, Inc.)

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