Common use of Method of Selecting Types and Interest Periods for New Advances Clause in Contracts

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Class and Type of each Advance and (x) in the case of each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten (10) Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable written notice (a “Borrowing Notice”) not later than 11:00 a.m. (Local Time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan), three (3) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying:

Appears in 5 contracts

Samples: Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.), Credit Agreement (Patterson Companies, Inc.)

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Method of Selecting Types and Interest Periods for New Advances. The Other than with respect to Swing Line Loans (which shall be governed by Section 2.2), the applicable Borrower shall select the Class and Type of each Advance and (x) and, in the case of each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten (10) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The applicable Borrower shall give the Administrative Agent irrevocable written notice (a “Borrowing Notice”) not later than 11:00 10:00 a.m. (Local TimeChicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan)Advance, three (3) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars Dollars, and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than DollarsForeign Currencies, specifying:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Acuity Brands Inc), Revolving Credit Agreement (Zep Inc.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Class and Type of each Advance and (x) and, in the case of each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten (10) Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable written notice in the form of Exhibit D (a “Borrowing Borrowing/Conversion/Continuation Notice”) not later than 11:00 a.m. (Local TimeMinneapolis time) on the Borrowing Date of each Floating Base Rate Advance (other than a Swing Line Loan)) and any Eurocurrency Advance in Dollars to be made on the Second Amendment Effective Date, three and not later than 11:00 a.m. (3Minneapolis time) (x) two (2) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars (other than any Eurocurrency Advance to be made on the Second Amendment Effective Date), and (y) four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying:

Appears in 1 contract

Samples: Credit Agreement (C H Robinson Worldwide Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Class and Type of each Advance and (x) in the case of each Term SOFR Advance or each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten five (105) Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable written notice (a “Borrowing Notice”) not later than 11:00 a.m. (Local Time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan), three (3) Business Days before the Borrowing Date for each Eurocurrency Term SOFR Advance denominated in Dollars and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed a Foreign Currency other than Dollarsand Daily Simple RFR Advances denominated in a Foreign Currency, specifying:

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

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Method of Selecting Types and Interest Periods for New Advances. The Other than with respect to Swing Line Loans (which shall be governed by Section 2.2), the applicable Borrower shall select the Class and Type of each Advance and (x) and, in the case of each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten eight (10) 8) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The applicable Borrower shall give the Administrative Agent irrevocable written notice (a "Borrowing Notice") not later than 11:00 10:00 a.m. (Local TimeChicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan)Advance, three (3) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars Dollars, and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Class and Type of each Advance and (x) in the case of each Eurocurrency Advance, the Interest Period and (y) in the case of each Revolving Advance that is a Eurocurrency Advance, the Agreed Currency applicable thereto from time to time; provided that there shall be no more than ten (10) Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable written notice (a “Borrowing Notice”) not later than 11:00 a.m. (Local Time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan), 12660163v2 three (3) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in Dollars and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying:

Appears in 1 contract

Samples: Credit Agreement (Patterson Companies, Inc.)

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