Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least four (4) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a Eurodollar Rate Loan. After the Term Loan has been made, the provisions of ss.2 shall apply MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 2 contracts
Samples: Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc)
Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least four three (43) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a Eurodollar Rate Loan. After the Term Loan has been made, the provisions of ss.2 Section 2 shall apply MUTATIS MUTANDIS mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options and interest rates with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Syndicated Loans.
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Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least four three (43) Eurodollar Business Days prior to the 42 34 Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a bear interest at the Eurodollar Rate LoanRate. After the Term Loan has been made, the provisions of ss.2 Section 2.7 shall apply MUTATIS MUTANDIS mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Western Digital Corp)
Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least four two (42) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a bear interest at the Eurodollar Rate LoanRate. After the Term Loan has been made, the provisions of ss.2 Section 2.7 shall apply MUTATIS MUTANDIS mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Flextronics International LTD)
Notification by Borrower. The Borrower shall notify the Managing Agent, such notice to be irrevocable, at least four three (43) Eurodollar Business Days prior to the Drawdown Date of the any Term Loan if all or any portion of the Term such Loan is to be a bear interest at the Eurodollar Rate LoanRate. After the any Term Loan has been made, the provisions of ss.2 Section 2.5 above shall apply MUTATIS MUTANDIS mutatis mutandis with respect to all or any portion of the Term such Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term such Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Emmis Broadcasting Corporation)
Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least four two (42) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a bear interest at the Eurodollar Rate LoanRate. After the Term Loan has been made, the provisions of ss.2 2.7 shall apply MUTATIS MUTANDIS mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Arrow Automotive Industries Inc)
Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least four (4) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to be a bear interest at the Eurodollar Rate LoanRate. After the Term Loan has been made, the provisions of ss.2 sec.2.8 shall apply MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Dynatech Corp)