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

Method of Selecting Rate Options and Interest Periods for Revolving Credit Ratable Advances. The Borrower shall select the Rate Option and, in the case of each Fixed Rate Advance, the Interest Period applicable thereto, from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time) (or 11:15 a.m. (New York time) if applicable under the next succeeding sentence), (x) on the Borrowing Date of each Floating Rate Advance and (y) at least three Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance. The Administrative Agent shall give prompt notice of each Ratable Borrowing Notice to each Lender. The time for delivery of a Ratable Borrowing Notice for a Floating Rate Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6, and the time for delivery of a Ratable Borrowing Notice for a Eurodollar Ratable Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or 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 Revolving Credit Ratable Advance; (ii) the aggregate amount of such Revolving Credit Ratable Advance; (iii) the Rate Option selected for such Revolving Credit Ratable Advance; and (iv) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which shall be subject to the limitations set forth in Section 2.2.6).

Method of Selecting Rate Options and Interest Periods for Revolving Credit Ratable Advances. The Borrower shall select the Rate Option and, in the case of each Fixed Rate Advance, the Interest Period applicable thereto, from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time) (or 11:15 a.m. (New York time) if applicable under the next succeeding sentence), (x) on the Borrowing Date of each Floating Rate ABR Advance and (y) at least three two Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance. The Administrative Agent shall give prompt notice of each Ratable Borrowing Notice to each Lender. The time for delivery of a Ratable Borrowing Notice for a Floating Rate ABR Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6, and the time for delivery of a Ratable Borrowing Notice for a Eurodollar Ratable Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or 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 Revolving Credit Ratable Advance; (ii) the aggregate amount of such Revolving Credit Ratable Advance; (iii) the Rate Option selected for such Revolving Credit Ratable Advance; and (iv) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which shall be subject to the limitations set forth in Section 2.2.6).

Method of Selecting Rate Options and Interest Periods for Revolving Credit Ratable Advances. The Borrower shall select the Rate Option and, in the case of each Fixed Rate Advance, the Interest Period Period, applicable theretoto any Revolving Credit Ratable Advance, from time to time. The Borrower shall give the Administrative Agent irrevocable notice of any Revolving Credit Ratable Advance in substantially the form of Exhibit F hereto (a “Ratable Borrowing Notice”) not later than 11:00 a.m. (New York time) (or 11:15 a.m. (New York time) if applicable under the next succeeding sentence), (x) on the Borrowing Date of each Floating Rate ABR Advance and (y) at least three two Business Days prior to the Borrowing Date of each Eurodollar Ratable Advance. The Administrative Agent shall give prompt notice of each Ratable Borrowing Notice to each Lender. The time for delivery of a Ratable Borrowing Notice for a Floating Rate an ABR Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6, and the time for delivery of a Ratable Borrowing Notice for a Eurodollar Ratable Advance under the Revolving Credit Facility shall be extended by 15 minutes if the day on which such Ratable Borrowing Notice is given is also a day on which the Borrower is required to accept or 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 Revolving Credit Ratable Advance; (ii) the aggregate amount of such Revolving Credit Ratable Advance; (iii) the Rate Option selected for such Revolving Credit Ratable Advance; and (iv) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which shall be subject to the limitations set forth in Section 2.2.6).