Rate Election Sample Clauses

Rate Election. The reciprocal compensation rate elected for (§251(b)(5)) traffic is (elect and sign one): The Reciprocal Compensation rate as ordered in a state cost docket. Signature Name Printed/Typed OR The capped rate as ordered by the FCC and applied to ISP traffic: Signature Name Printed/Typed
Sample 1
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Rate Election. The reciprocal compensation rate elected for (§251(b)(5)) traffic is (elect and sign one): Current rate for voice traffic in the existing Interconnection Agreement: Signature Name Printed/Typed OR The rate applied to ISP traffic: Signature Name Printed/Typed ISPAmd – Type 2 Wireless 3
Sample 1
Rate Election. On or before the first Business Day of each calendar month, the Borrowers shall deliver to the Bank a notice ("Rate Election") stating whether the Borrowers elect that interest on the Revolving Note for such month be determined by reference to the Prime Rate or the LIBOR Rate. Each Rate Election so delivered to the Bank shall be irrevocable. In the event the Borrowers fail to deliver a Rate Election to the Bank on a timely basis, interest on the Revolving Note for that month shall bear interest at a rate determined by reference to the Prime Rate.
Sample 1
Rate Election. The Borrowers shall designate in writing to the Bank from time to time which Borrowings, if any, the Borrowers elect to be Base Rate Borrowings on or before the Business Day when such election is to become effective. All Borrowings not so designated shall be LIBOR Rate Borrowings.
Sample 1
Rate Election. Subject to Sections 3(c) and 3(d), by not later than 10:00 a.m. Phoenix, Arizona time at least two LIBOR Business Days prior to any change in the Revolver Rate to the Index Rate or Prime Based Rate, a Senior Financial Officer shall provide notice to Holder (a “Rate Election Notice”) electing either the then effective Index Rate or Prime Based Rate as the Revolver Rate until the next Rate Election Note is effective. If Maker does not deliver a Rate Election Notice, the previous rate (the Index Rate or Prime Based Rate) will continue to apply. Maker may not elect to have different rates apply to different parts of the Revolver. Maker elects the LIBO Rate as the initial Revolver Rate.
Sample 1

Related to Rate Election

  • LIBOR Election (i) Borrower may, at any time and from time to time, so long as no Event of Default has occurred and is continuing, elect to exercise the LIBOR Option by notifying Agent prior to 11:00 a.m. (California time) at least 3 Business Days prior to the commencement of the proposed Interest Period (the “LIBOR Deadline”). Notice of Borrower’s election of the LIBOR Option for a permitted portion of the Advances and an Interest Period pursuant to this Section shall be made by delivery to Agent of a LIBOR Notice received by Agent before the LIBOR Deadline, or by telephonic notice received by Agent before the LIBOR Deadline (to be confirmed by delivery to Agent of a LIBOR Notice received by Agent prior to 5:00 p.m. (California time) on the same day). Promptly upon its receipt of each such LIBOR Notice, Agent shall provide a copy thereof to each of the affected Lenders.

  • Conversion and Continuation Elections (a) The Company may, upon irrevocable written notice to the Agent in accordance with subsection 2.4(b):

  • LIBOR Interest Periods In lieu of making any payment pursuant to this Section 5.2 in respect of any LIBOR Loan, other than on the last day of the Interest Period therefor so long as no Event of Default shall have occurred and be continuing, the Borrower at its option may deposit, on behalf of the Borrower, with the Administrative Agent an amount equal to the amount of the LIBOR Loan to be prepaid and such LIBOR Loan shall be repaid on the last day of the Interest Period therefor in the required amount. Such deposit shall be held by the Administrative Agent in a corporate time deposit account established on terms reasonably satisfactory to the Administrative Agent, earning interest at the then customary rate for accounts of such type. Such deposit shall constitute cash collateral for the LIBOR Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 5.2.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • Selection and Continuation of Tranche Periods (a) With consultation from (and approval by) the Agent, Seller shall from time to time request Tranche Periods for the Purchaser Interests of the Financial Institutions, provided that, if at any time the Financial Institutions shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on the date specified in clause (A) of the definition of Settlement Date.

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender's share of any borrowing to be made pursuant thereto.

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