Notice of Continuation. (i) For an election under Section 7.1(d) above, an authorized person must deliver to the Lender, by 2:00 p.m. (New York time) on a Business Day, a written notice for an election under Section 7.1(d) (a “Notice”), specifying:
(A) the aggregate amount of each LIBOR Loan to be continued;
(B) the applicable LIBOR Rate selection and corresponding Interest Period duration for each LIBOR Loan to be continued; and
(C) whether the Automatic Continuation Option will be in effect for each such LIBOR Loan. The Automatic Continuation Option shall be in effect for each LIBOR Loan, unless otherwise specified by Borrower in writing.
(ii) For any election in accordance with Section 7.1(d) above, the Continuation Date shall be the later of (A) the last day of the applicable Interest Period, or (B) two (2) LIBOR Business Days (unless a shorter period is permitted by Lender in its sole discretion) following the date the Lender receives the Notice of Continuation. If a Notice is received after 2:00 p.m. (New York time) on any Business Day, such Notice will be deemed to have been received on the next Business Day. Accordingly, as an example, if Borrower has a LIBOR Loan with a one-month Interest Period ending on June 15 and wants to continue the LIBOR Loan with a two- month Interest Period, Borrower must deliver to the Lender an appropriate Notice of Continuation by no later than 2:00 p.m. (New York time) on June 13 (assuming that June 13 is a Business Day and June 14 and 15 are LIBOR Business Days).
(iii) For LIBOR Loans with the Automatic Continuation Option in effect, the Lender shall, at the end of each Interest Period, automatically continue such LIBOR Loan with the same Interest Period unless a contrary Notice has been received.
(iv) The Lender may take action on any Notice in reliance upon any oral, telephonic, written or teletransmitted Notice that the Lender in good faith believes to be valid and to have been made by Borrower or on behalf of Borrower by an authorized person. No Notice may be delivered by e-mail. The Lender may act on the Notice from any authorized person until the Lender shall have received from Borrower, and had a reasonable time to act on, written notice revoking the authority of such authorized person. The Lender shall incur no liability to Borrower or to any other person as a direct or indirect result of acting on any Notice under this Agreement. The Lender, in its sole discretion, may reject any Notice that is incomplete.
Notice of Continuation. Conversion. If Debtor desires at the expiration of a Eurodollar Interest Period to continue such Advance as an Advance bearing interest at LIBOR for a new Eurodollar Interest Period, such Debtor shall give Secured Party notice thereof, either telephonically or in writing, no later than 10:00 a.m. (London time) on the third Business Day immediately preceding the last day of the then expiring Eurodollar Interest Period, which shall specify the aggregate principal amount of the Eurodollar Rate Loan to be continued for a new Eurodollar Interest Period and the new Eurodollar Interest Period to be applicable thereto. If Debtor desires at the expiration of an applicable Eurodollar Interest Period to convert all or part of an Advance from an Advance bearing interest at LIBOR to an Advance bearing interest at the Prime Rate, the Debtor shall give the Secured Party notice thereof, either telephonically or in writing in the aforesaid manner. Each continuation/conversion notice shall be in writing (each a "Notice of Continuation/Conversion"), and any telephonic notice shall be promptly followed by such Debtor's delivery to Secured Party of a Notice of Continuation/Conversion.
Notice of Continuation. If, at GE's request, any Telecommuter is no longer eligible to receive Telocity Services for any reason, including a change in employment status, Telocity shall concurrently inform each such Telecommuter that he or she is eligible to continue to receiving Telocity Services under the Affinity User Program by changing the responsibility (including payment) for his or her account to himself or herself, and that the failure to do so within fourteen (14) days will result in termination of such Telocity Services.
Notice of Continuation. Conversion. Exhibit II to the Credit ---------- Agreement is hereby amended by deleting it in its entirety and substituting therefor a new Exhibit II in the form of Annex D annexed hereto. ---------- -------
Notice of Continuation. The Borrower shall deliver a Notice of Continuation\Conversion to Bank not later than 9:00 o'clock, A.M., Chicago Time, at least three (3) Business Days in advance of the requested date upon which a Loan is to be converted from one Rate Option to another Rate Option (the "CONVERSION DATE") or the date upon which a new Interest Period is to commence (the "CONTINUATION DATE"), if the Loans are to be converted into or continued as LIBOR Rate Loans, and, on the requested Conversion Date, if the Loans are to be converted into Prime Rate Loans, specifying:
(i) the proposed Conversion Date or Continuation Date;
(ii) the aggregate amount of Loans to be converted or renewed;
(iii) the nature of the proposed conversion or continuation; and (iv) the duration of the requested Interest Period with respect to any Loans to be converted or continued as LIBOR Rate Loans.
Notice of Continuation. The Notice of Availment to be given to the Administrative Agent pursuant to Section 3.04, Section 3.05 or Section 3.06 shall be irrevocable, shall be substantially in the form of Schedule 5 and shall specify, among other things, the date on which the continuation is to take place (also, a "Borrowing Date").
Notice of Continuation. Conversion shall have the meaning assigned to such term in Section 3.4 and shall be substantially in the form of Exhibit H.
Notice of Continuation. Conversion applies and if different options are being elected with respect to different portions thereof, the portions thereof that are to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Notice of Continuation/Conversion, which shall be a Business Day, (iii) whether the resulting Borrowing is to be a Base Rate Borrowing or a Eurodollar Borrowing; and (iv) if the resulting Borrowing is to be a Eurodollar Borrowing, the Interest Period applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of "Interest Period". If any such Notice of Continuation/Conversion requests a Eurodollar Borrowing but does not specify an Interest Period, the Borrower shall be deemed to have selected an Interest Period of one month. The principal amount of any resulting Borrowing shall satisfy the minimum borrowing amount for Eurodollar Borrowings and Base Rate Borrowings set forth in Section 2.3.
Notice of Continuation. 9 Obligations................................................................ 9 OFAC....................................................................... 10
Notice of Continuation. If, due to an Event of Force Majeure that occurs after the commencement of the Commercial Revenue Period A‟, the Contractor notifies AM, in line with the previous paragraph, on his intention to proceed with the termination of the PPP Contract due to a Case of Force Majeure, then AM may, within the aforementioned deadline of twenty (20) working days as of the receipt of the subject notice to select: o either not to react, in which case, once the deadline of the twenty (20) Working Days elapses idle, the Contractor shall be able to proceed with a notice of termination with immediate effect, in which case the PPP Contract shall be immediately annulled; o or to respond in writing that it requires the continuation of the PPP Contract (“Notice of Continuation”), in which case AM shall pay to the Contractor his monthly compensation, without imposing any deduction/penalties for violations due to the Force Majeure Event.
