RATE SELECTION. Borrower shall select and change its selection of the interest rate as between the Prime-Based Rate and LIBOR to apply to at least $100,000 and in integral multiples of $100,000 thereafter (or the remaining amount available hereunder) of any advance (Loan), subject to the requirements herein stated:
(a) At the time any advance is made;
(b) At the expiration of the particular LIBOR maturity period selected for the outstanding principal balance of any advance currently bearing interest at the LIBOR Rate; and
(c) At any time for the outstanding principal balance of any advance currently bearing interest at the Prime-Based Rate.
RATE SELECTION. Borrower shall select and change its selection of the interest rate as among LIBOR, the Federal Funds Rate and the Prime-Based Rate, as applicable, to apply to at least $100,000 and in integral multiples of $100,000 thereafter of any Loan or portion thereof, subject to the requirements herein stated:
(a) At the time any Loan is made;
(b) At the expiration of a particular LIBOR Interest Period selected for the outstanding principal balance of any Loan or portion of any Loan currently bearing interest at LIBOR; and
(c) At any time for the outstanding principal balance of any Loan or portion thereof currently bearing interest at the Prime-Based Rate or the Federal Funds Rate.
RATE SELECTION. If the Company has provided a notice of borrowing under Section 4.5 hereof and any Lender determines (which determination shall be conclusive and binding on the Company) that:
(a) deposits of the necessary amount for the selected Interest Period are not available to such Lender in either the London interbank market or the market for Federal funds transactions or, by reason of circumstances affecting such markets, adequate and reasonable means do not exist for ascertaining the LIBO Rate or the Federal Funds Rate for such Interest Period; or
(b) the LIBO Rate or the Federal Funds Rate, as applicable, will not adequately and fairly reflect the cost to such Lender of making or funding a Loan for such Interest Period; or
(c) the making or funding of Loans has become impracticable as a result of any event occurring after the date of this Agreement which, in the opinion of such Lender, materially and adversely affects such Loans or the London interbank market or the market for Federal funds transactions; then such Lender shall notify the Company of this condition and of the rate that the Lender has selected to apply to such Loan pursuant to the following sentence, provided, however, that the Company shall have the opportunity to withdraw such notice of borrowing prior to the making of the Loan on the date specified in the notice. If, after such notice from the Lender, the Company does not withdraw such notice of borrowing prior to the making of the Loan, then any notice of borrowing shall be deemed to be a notice to request a borrowing of such Loan at such higher rate per annum, if any, which in such Lender's opinion will adequately fairly compensate such Lender for the cost to such Lender of making or funding such Loan plus the Applicable Margin under this Agreement; or if such Lender determines that no such rate exists, then such Lender shall promptly notify the Agent and shall not be obligated to fund the Loan.
RATE SELECTION. Borrower shall select and change its selection of the interest rate as among the Bank Offered Rate, LIBOR, the Federal Funds Rate and the Prime-Based Rate, as applicable, to apply to at least $500,000 and in integral multiples of $100,000 thereafter of any Loan or portion thereof, subject tot he requirements herein stated:
(a) At the time any Loan is made;
(b) At the expiration of a particular Bank Offered Rate or LIBOR Interest Period selected for the outstanding principal balance of any Loan or portion of any Loan currently bearing interest at the Bank Offered Rate or LIBOR; and
(c) At any time for the outstanding principal balance of any Loan or portion thereof currently bearing interest at the Prime- Based Rate or the Federal Funds Rate.
RATE SELECTION. When Borrower desires to select an interest rate, Borrower shall give Bank three (3) days’ prior written notice specifying the effective date thereof (which shall be a Banking Day), the type of interest rate, the amount to which the interest rate shall apply and the duration of the first Interest Period therefor. Any such notice shall be irrevocable and shall be subject to other terms and conditions set forth in this Note. If Bank does not receive timely notice of a requested LIBOR Advance, Borrower shall be deemed to have selected a Variable Rate Advance. Each LIBOR Advance may only be requested in increments of $500,000.00 and no more than two (2) LIBOR Advances may be outstanding at any one time. If any interest rate is selected, Bank shall record on the books and records of Bank an appropriate notation evidencing such selection, each repayment on account of the principal thereof and the amount of interest paid, and Borrower authorizes Bank to maintain such records and make such notations and agrees that the amount shown on the books and records as outstanding from time to time shall constitute the amount owing to Bank pursuant to this Note, absent manifest error.
RATE SELECTION. As explained in the “Rate Requirements” section of Attachment-A, any request made here is merely a request and not a guarantee. Customer’s rate-schedule shall be established per the terms in the most-recent City of Healdsburg Electric Rate Schedule, as amended from time to time. Rates and eligibility will change over time. City reserves the right to change a customer’s electric rate as necessary and without notice due to changes in the Customer’s energy usage, occupancy type, to correct mistakes, or due to a change in Electric Rate structures. Absent a request (or should Customer make an ineligible request), City will select a rate. See “Rate Requirements” section in Attachment-A for complete details. OPTIONAL: Customer REQUESTS City’s otherwise applicable electric rate: (Rate Code)
3. DECLARATIONS, ATTACHMENTS AND AGREEMENT TO THE TERMS THEREOF
RATE SELECTION. When the Maker desires to select an interest rate, the Maker shall give the Payee prior notice in a form satisfactory to the Payee specifying the effective date thereof (which shall be a Banking Day (as hereinafter defined), the type of interest rate, the amount to which the interest rate shall apply and the duration of the first Interest Period therefor. With respect to a LIBOR Advance, such notice shall be given three (3) days prior to the conversion date, which shall be the first Banking Day following the expiration of the then applicable Interest Period. Any such notice shall be irrevocable and shall be subject to other terms and conditions set forth in this Note. If the Payee does not receive timely notice of a requested LIBOR Advance, the Maker shall, at the Payee's discretion, be deemed to have selected a Variable Rate Advance. Each LIBOR Advance may only be requested in minimum amounts of $500,000 and each Variable Advance may only be requested in minimum amounts of $100,000, and in either case in increments of One Hundred Thousand Dollars ($100,000.00). When each interest rate is selected, the Payee shall record on the books and records of the Payee an appropriate notation evidencing such selection, each repayment on account of the principal thereof and the amount of interest paid, and the Maker authorizes the Payee to maintain such records and make such notations and agrees that the amount shown on the books and records as outstanding from time to time shall constitute the amount owing to the Payee pursuant to this Note, absent manifest error.
RATE SELECTION. The Borrower will select and change its selection of the interest rate as among the Federal Funds-Based Rate and the Prime Rate, to apply to at least $100,000 of principal and in integral multiples of $100,000 thereafter of any Revolving Loan, subject to the requirements contained in this Agreement:
(a) At the time any Revolving Loan is made; and
(b) At any time for the outstanding principal balance of any Revolving Loan currently bearing interest at the Prime Rate or the Federal Funds-Based Rate.
RATE SELECTION. Borrower shall select and change its selection of the interest rate as among LIBOR, the Federal Funds Rate and the Prime-Based Rate, as applicable, to apply to (a) at least $1,000,000 and in integral multiples of $1,000,000 thereafter of any Loan or portion thereof which bears interest at LIBOR, and (b) at least $100,000 and in integral multiples of $100,000 thereafter of any Loan or portion thereof which bears interest at the Federal Funds Rate or the Prime-Based Rate, in all cases subject to the requirements herein stated:
(a) At the time any Loan is made;
(b) At the expiration of a particular LIBOR Interest Period selected for the outstanding principal balance of any Loan or portion of any Loan currently bearing interest at LIBOR; and
(c) At any time for the outstanding principal balance of any Loan or portion thereof currently bearing interest at the Prime-Based Rate or the Federal Funds Rate.
RATE SELECTION. Borrower shall select and change its selection of the interest rate as between the Federal Funds Rate and the Prime Rate to apply to at least $100,000 of any advance ("advance" referring to a Loan or portion thereof), subject to the requirements herein stated at the time any advance is made or at any time for the outstanding principal balance of any advance.
