Common use of Method of Selecting Rate Options and Interest Periods for Ratable Advances Clause in Contracts

Method of Selecting Rate Options and Interest Periods for Ratable Advances. The Borrower shall select the Rate Option and Interest Period applicable to each Ratable Advance from time to time. The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 11:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and 10:00 a.m. (Chicago time) three Business Days before the Borrowing Date of each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for a Floating Rate Advance may be given not later than 30 minutes after the time at which the Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 30 minutes after the time the Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section 2.3.6. A Ratable Borrowing Notice shall specify: (i) the Borrowing Date, which shall be a Business Day, of such Ratable Advance; (ii) the aggregate amount of such Ratable Advance; (iii) the Rate Option selected for such Ratable Advance; and (iv) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Termination Date).

Method of Selecting Rate Options and Interest Periods for Ratable Advances. The Borrower shall select the Rate Option and Interest Period applicable to each Ratable Advance from time to time. The Borrower shall give the Agent irrevocable notice 19 (a "Ratable Borrowing Notice") not later than 11:00 a.m. (Chicago timea) on the Business Day preceding the Borrowing Date of each Floating Rate Advance Advance, and 10:00 a.m. (Chicago timeb) three Business Days before the Borrowing Date of for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for a Floating Rate Advance may be given not later than 30 15 minutes after the time at which the Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 30 15 minutes after the time the Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section 2.3.6. A Ratable Borrowing Notice shall specify: : (ia) whether such Ratable Advance is a Ratable Facility A Advance or a Ratable Facility B Advance; (b) the Borrowing Date, which shall be a Business Day, of such Ratable Advance; ; (iic) the aggregate amount of such Ratable Advance; ; (iiid) the Rate Option selected for such Ratable Advance; and and (ive) in the case of each Eurodollar Ratable Fixed Rate Advance, the Interest Period applicable thereto (which may not end after the Applicable Termination Date).

Method of Selecting Rate Options and Interest Periods for Ratable Advances. The Borrower shall select the Rate Option and and, in the case of each Fixed Rate Advance, the Interest Period applicable to each Ratable Advance thereto, from time to time. The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 11:00 10:00 a.m. (Chicago time) on at least one Business Day before the Borrowing Date of each Floating Rate Advance and 10:00 a.m. (Chicago time) at least three Business Days before the Borrowing Date of for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for a Floating Rate Advance may be given not later than 30 15 minutes after the time at which the Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 30 15 minutes after the time the Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section 2.3.6. A Ratable Borrowing Notice shall specify: (i) the Borrowing Date, which shall be a Business Day, of such Ratable Advance;, (ii) the aggregate amount of such Ratable Advance;, (iii) the Rate Option selected for such Ratable Advance; Advance and (iv) in the case of each Eurodollar Ratable Fixed Rate Advance, the Interest Period applicable thereto (which may not end after the Termination Date).