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

Method of Selecting Types and Interest Periods for New Loans. Borrower shall select the Type of Loans and, in the case of each Eurodollar Loans, the Interest Period applicable thereto. Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 11:00 a.m. (New York, New York time) on the Closing Date for a Floating Rate Loan and two Business Days before the Closing Date for a Eurodollar Loan, specifying:

Appears in 4 contracts

Samples: Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Pepco Holdings Inc), Term Loan Agreement (Pepco Holdings Inc)

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Method of Selecting Types and Interest Periods for New Loans. Borrower shall select the Type of Loans and, in the case of each Eurodollar Loans, the Interest Period applicable thereto. Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 11:00 a.m. (New York, New York time) on the Closing Date for a Floating Rate Loan and two Business Days before the Closing Date for a Eurodollar Loan, specifying:

Appears in 1 contract

Samples: Term Loan Agreement (Atlantic City Electric Co)

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Method of Selecting Types and Interest Periods for New Loans. The Borrower shall select the Type of Loans and, in the case of each Eurodollar Loans, the Interest Period applicable theretothereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of Exhibit E (a “Borrowing Notice”) not later than 11:00 a.m. 12:00 p.m. (New York, New York time) on one (1) Business Day before the Closing Date for a Floating Rate Loan Loans, and two three (3) Business Days before the Closing Date for a Eurodollar Loan, specifyingLoans. A Borrowing Notice shall specify:

Appears in 1 contract

Samples: Bridge Term Loan Agreement (Walgreen Co)

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