Common use of Notice of Elections Clause in Contracts

Notice of Elections. Each such election pursuant to this Section shall be made upon the Company’s irrevocable notice to the Lender. Each such notice shall be in the form of a written Interest Election Request, appropriately completed and signed by a Responsible Officer of the Company, or may be given by telephone to the Lender (if immediately confirmed in writing by delivery of such a written Interest Election Request consistent with such telephonic notice) and must be received by the Lender not later than the time that a Loan Request would be required under Section 2.03 if the Company were requesting a Loan.

Notice of Elections. Each such election pursuant to this Section shall be made upon the CompanyBorrower’s irrevocable notice to the Lender. Each such notice shall be in the form of a written Interest Election Request, appropriately completed and signed by a Responsible an Authorized Officer of the Company, or may be given by telephone to the Lender (if immediately confirmed in writing by delivery of such a written Interest Election Request consistent with such telephonic notice) Borrower and must be received by the Lender not later than the time that a Loan Borrowing Request would be required under Section 2.03 if the Company Borrower were requesting a Loan.Borrowing of the Type resulting from such election to be made on the Closing Date of such election. (c)