Common use of Notice of Elections Clause in Contracts

Notice of Elections. To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone (1) in the case of a Eurodollar Borrowing, not later than 12:00 noon New York City time, three Business Days before the effective date of the election, or (2) in the case of an ABR Borrowing not later than 12:00 noon New York City time, one Business Day before the effective date of the election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy (or by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

Appears in 3 contracts

Samples: Second Amendment Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc), Credit Agreement (Alaska Communications Systems Group Inc)

AutoNDA by SimpleDocs

Notice of Elections. To make an election pursuant to this Section, the U.S. Borrower shall notify the Administrative Agent of such election by telephone (1) in writing in the case of a Eurodollar Borrowing, not later than 12:00 noon New York City time, three Business Days before the effective date of the election, or (2) in the case of an ABR Borrowing not later than 12:00 noon New York City time, one Business Day before the effective date of the election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy (or by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the U.S. Borrower.

Appears in 2 contracts

Samples: Credit Agreement (1295728 Alberta ULC), Intercreditor Agreement (1295728 Alberta ULC)

Notice of Elections. To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone (1i) in the case of a Eurodollar Borrowing, not later than 12:00 noon noon, New York City time, three Business Days before the effective date of the electionproposed Borrowing, or (2ii) in the case of an ABR Borrowing Borrowing, not later than 12:00 noon noon, New York City time, one Business Day before the effective date of the electionproposed Borrowing. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy (or by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Herbst Gaming, LLC)

Notice of Elections. To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone (1) in the case of a Eurodollar Borrowing, not later than 12:00 noon 11:00 a.m. New York City time, three Business Days before the effective date of the election, or (2) in the case of an ABR Borrowing, a Variable Rate Borrowing or a Fixed Rate Borrowing not later than 12:00 noon 11:00 a.m. New York City time, one Business Day before the effective date of the election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy (or by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Iowa Telecommunications Services Inc)

AutoNDA by SimpleDocs

Notice of Elections. To make an election pursuant to this SectionSection 2.06(c), the Borrower shall notify the Administrative Agent of such election by telephone (1) in the case of a Eurodollar Borrowing, not later than 12:00 noon 11:00 a.m., New York City time, three (3) Business Days before prior to the proposed effective date of the election, for such election (or (2) in the case of an ABR Borrowing not the Interest Period commencing on the Closing Date, no later than 12:00 noon 11:00 a.m., New York City time, one two (2) Business Day before Days prior to the effective date of the electionClosing Date). Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy (or by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Corpbanca/Fi)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!