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

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto from time to time. Such Borrower shall give the Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each ABR Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Advance may be given by a Borrower not later than 15 minutes after the time which such 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 15 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance, (b) the aggregate amount of such Ratable Advance, (c) the Type of Ratable Advance selected, and (d) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Nationwide Financial Services Inc/), Credit Agreement (Nationwide Financial Services Inc/), 364 Day Credit Agreement (Nationwide Financial Services Inc/)

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Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto thereto, from time to time. Such The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each ABR Floating Rate Advance (other than a Swing Line Loan) and at least three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, if Borrower has requested a Competitive Bid Advance, a Ratable Borrowing Notice for an ABR a Floating Rate Advance may be given by a Borrower not later than 15 minutes after the time which such 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 15 minutes after the time such 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: (ai) the Borrowing Date, which shall be a Business Day, of such Ratable Advance, (bii) the aggregate amount of such Ratable Advance, (ciii) the Type of Ratable Advance selected, and (div) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 2 contracts

Samples: Credit Agreement (Amli Residential Properties Trust), Credit Agreement (Amli Residential Properties Trust)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto from time to time. Such Borrower shall give the Agent irrevocable notice (a “Ratable Borrowing Notice”"RATABLE BORROWING NOTICE") not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each ABR Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Advance may be given by a Borrower not later than 15 minutes after the time which such Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section SECTION 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 15 minutes after the time such Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section SECTION 2.3.6. A Ratable Borrowing Notice shall specify: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance, (b) the aggregate amount of such Ratable Advance, (c) the Type of Ratable Advance selected, and (d) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Nationwide Financial Services Inc/)

Method of Selecting Types and Interest Periods for Ratable Advances. Each The applicable Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto to such Ratable Advance from time to time. Such Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Alternate Base Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Alternate Base Rate Advance may be given by a the applicable Borrower not later than 15 30 minutes after the time which such the applicable 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 by the applicable Borrower not later than 15 30 minutes after the time such the applicable 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance and the Borrower of such Advance,; (b) the aggregate amount of such Ratable Advance,, which, when added to all outstanding Ratable Advances and Competitive Bid Advances and after giving effect to the repayment of any such outstanding Advances out of the proceeds of the requested Ratable Advance, shall not exceed the Aggregate Commitment; (c) the Type of Ratable Advance selected, ; and (d) in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Midas Inc)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto to such Ratable Advance from time to time. Such The Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Alternate Base Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Alternate Base Rate Advance may be given by a Borrower not later than 15 30 minutes after the time which such 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 15 30 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance,; (b) the aggregate amount of such Ratable Advance,, which, when added to all outstanding Ratable Advances, Swing Line Advances and Competitive Bid Advances and after giving effect to the repayment of any such outstanding Advances out of the proceeds of the requested Ratable Advance, shall not exceed the Aggregate Commitment; (c) the Type of Ratable Advance selected, ; and (d) in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Green Tree Financial Corp)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto to such Ratable Advance from time to time. Such The Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. 12:00 noon (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Alternate Base Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Alternate Base Rate Advance may be given by a Borrower not later than 15 30 minutes after the time which such 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 15 30 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance,; (b) the aggregate amount of such Ratable Advance,, which, when added to all outstanding Ratable Advances, Swing Line Loans and Competitive Bid Advances and after giving effect to the repayment of any such outstanding Advances or Loans out of the proceeds of the requested Ratable Advance, shall not exceed the Aggregate Commitment; (c) the Type of Ratable Advance selected, ; and (d) in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto to such Ratable Advance from time to time. Such The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Alternate Base Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Alternate Base Rate Advance may be given by a Borrower not later than 15 30 minutes after the time which such 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 15 30 minutes after the time such 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: (a) 1. the Borrowing Date, which shall be a Business Day, of such Ratable Advance,; (b) 1. the aggregate amount of such Ratable Advance, (c) , which, when added to all outstanding Ratable Advances, Swing Line Loans and Competitive Bid Advances and after giving effect to the Type repayment of Ratable Advance selected, and (d) in any such outstanding Advances or Loans out of the case proceeds of each Eurodollar the requested Ratable Advance, shall not exceed the Interest Period applicable thereto (which may not end after the Facility Termination Date).Aggregate Commitment;

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto from time to time. Such Borrower shall give the Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 10:00 11:00 a.m. (Chicago New York time) at least one Business Day before the Borrowing Date of each ABR Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Advance may be given by a Borrower not later than 15 minutes after the time which such 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 15 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance, (b) the aggregate amount of such Ratable Advance, (c) the Type of Ratable Advance selected, and (d) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Five Year Credit Agreement (Nationwide Financial Services Inc/)

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Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto from time to time. Such Borrower shall give the Agent irrevocable notice (a “Ratable Borrowing Notice”) not later than 10:00 11:00 a.m. (Chicago New York time) at least one Business Day before the Borrowing Date of each ABR Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Advance may be given by a Borrower not later than 15 minutes after the time which such 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 15 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance,, Table of Contents (b) the aggregate amount of such Ratable Advance, (c) the Type of Ratable Advance selected, and (d) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Five Year Credit Agreement (Nationwide Financial Services Inc/)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto thereto, from time to time. Such The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each ABR Floating Rate Advance and at least three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR a Floating Rate Advance may be given by a Borrower not later than 15 minutes after the time which such 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 15 minutes after the time such 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: (ai) the Borrowing Date, which shall be a Business Day, of such Ratable Advance, (bii) the aggregate amount of such Ratable Advance, (ciii) the Type of Ratable Advance selected, and (div) in the case of each Eurodollar Ratable Advance, the Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto from time to timesuch Ratable Advance. Such The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 11:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Floating Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR a Floating Rate Advance may be given by a Borrower not later than 15 30 minutes after the time which such 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 15 30 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance,; (b) the aggregate amount of such Ratable Advance,, which, when added to the aggregate amount of all outstanding Ratable Advances and Competitive Bid Advances and after giving effect to the repayment of any such outstanding Advances out of the proceeds of the requested Ratable Advance, shall not exceed the Aggregate Commitment; (c) the Type of Ratable Advance selected, ; and (d) in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

Method of Selecting Types and Interest Periods for Ratable Advances. Each applicable The Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto to such Ratable Advance from time to time. Such The Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice") not later ------------------------ than 10:00 a.m. 12:00 noon (Chicago time) at least one Business Day before on the Borrowing Date of each ABR Alternate Base Rate Advance and three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, a Ratable Borrowing Notice for an ABR Alternate Base Rate Advance may be given by a Borrower not later than 15 30 minutes after the time which such 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 15 30 minutes after the time such 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: (a) the Borrowing Date, which shall be a Business Day, of such Ratable Advance,; (b) the aggregate amount of such Ratable Advance,, which, when added to all outstanding Ratable Advances, Swing Line Loans and Competitive Bid Advances and after giving effect to the repayment of any such outstanding Advances or Loans out of the proceeds of the requested Ratable Advance, shall not exceed the Aggregate Commitment; (c) the Type of Ratable Advance selected, ; and (d) in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto (which may not end after the Facility Termination Date).

Appears in 1 contract

Samples: Credit Agreement (Ralcorp Holdings Inc /Mo)

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