Rate Designation. Borrower shall designate each Loan as a Base Rate Loan or a LIBOR Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Agent in accordance with Section 2.6 or Section 2.7, as applicable. Each Base Rate Loan shall be denominated in Dollars. Each Base Rate Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000, unless such Advance is being made to pay any interest, fees, or expenses then due hereunder, in which case such Advance may be in the amount of such interest, fees, or expenses, and each LIBOR Rate Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000.
Rate Designation. Borrower shall designate each Borrowing under the Revolving Credit Facility as a Base Rate Borrowing or a LIBOR Rate Borrowing in the Request for Borrowing or Request for Conversion/Continuation given to Agent in accordance with Section 2.6 or Section 2.7. With respect to each LIBOR Rate Loan with an Interest Period that continues beyond the Closing Date, the LIBOR Rate that is applicable to such LIBOR Rate Loan as of the Closing Date under the Existing Credit Agreement shall continue to be applicable with respect to such LIBOR Rate Loan until the expiration of such Interest Period.
Rate Designation. The Administrative Borrower shall designate each Loan under the Revolving Credit Facility as a Base Rate Loan or a LIBOR Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Agent in accordance with Section 2.7 or Section 2.8, as applicable. Each Base Rate Loan under the Revolving Credit Facility shall be in a minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof, unless such Loan is being made to pay any interest, fees, or expenses then due hereunder, in which case such Loan may be in the amount of such interest, fees, or expenses, and each LIBOR Rate Loan under the Revolving Credit Facility shall be in a minimum principal amount of $100,000 and integral multiples of $100,000 in excess thereof, unless such Loan is being made to pay any interest, fees, or expenses then due hereunder, in which case such Loan may be in the amount of such interest, fees, or expenses.
Rate Designation. The Borrower shall designate each Loan as a Base Rate Loan or a Term SOFR Loan. Each Base Rate Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000, unless such Advance is being made to pay any interest, fees, or expenses then due hereunder, in which case such Advance may be in the amount of such interest, fees, or expenses, each Term SOFR Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000.
Rate Designation. Administrative Borrower shall designate each Loan as a Base Rate Loan or a LIBOR Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Lender in accordance with Section 2.7 or Section 2.8, as applicable. Notwithstanding any provision to the contrary contained in this Agreement, any and all Term Loans subject to an Interest Hedging Instrument shall be LIBOR Rate Loans.
Rate Designation. Administrative Borrower shall designate each Loan as a Base Rate Loan, a Daily Simple SOFR Loan, or a Term SOFR Loan in the Request for Borrowing or Request for Conversion/Continuation given to Lender in accordance with Section 2.7 or Section 2.8, as applicable.
Rate Designation. The Borrower shall designate each Loan as a LIBOR Rate Loan or Alternative Rate Loan in the Request for Borrowing or Request for Continuation given to the Administrative Agent in accordance with Section 2.5 or Section 2.6, as applicable (subject to Section 2.6(a)(C) and Section 2.18). 2.3
Rate Designation. Borrower shall designate each Borrowing requested by it as a Base Rate Borrowing or a LIBOR Rate Borrowing in the Notice of Borrowing given to Agent in accordance with Section 2.8 hereof.
Rate Designation. Borrower shall designate each Loan as a SOFR Loan or a Base Rate Loan in the Request for Borrowing or Request for Conversion/Continuation given to Agent in accordance with Section 2.6 or Section 2.7, as applicable. Each Base Rate Loan under the Revolving Credit Facility shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000, unless such Advance is being made to pay any interest, fees, or expenses then due hereunder, in which case such Advance may be in the amount of such interest, fees, or expenses, and each SOFR Loan under the Revolving Credit Facility shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000.
Rate Designation. Borrower shall designate each Borrowing under the Revolving Credit Facility as a Base Rate Borrowing or a LIBOR Rate Borrowing in the Request for Borrowing or Request for Conversion/Continuation given to Lender in accordance with Section 2.6 or Section 2.7, as applicable. Notwithstanding the foregoing, if a Request for Conversion/Continuation is not timely delivered at the end of the applicable Interest Period for any LIBOR Rate Borrowing, (x) so long as no Event of Default or Unmatured Event of Default has occurred and in continuing, such LIBOR Rate Borrowing shall be deemed to be continued as a LIBOR Rate Borrowing with an Interest Period of one (1) month and (y) if an Event of Default or Unmatured Event of Default has occurred and in continuing, such Borrowing shall be deemed to be converted to a Base Rate Borrowing.
