Common use of Request for LIBOR Rate Clause in Contracts

Request for LIBOR Rate. If Borrowers desire that all or part of the Line Advances accrue interest at the LIBOR Based Rate, Borrowing Agent shall give Bank a LIBOR Rate Notification. Upon delivery of a LIBOR Rate Notification, that portion of the principal balance outstanding under the Line identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (a) with respect to the principal amount of any new Line Advance from the date of such Advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (b) with respect to all or any portion of Line Advances outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advances, from the expiration of the then current Rate Period related to such Advances until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (c) with respect to all or any portion of the Line Advances outstanding and accruing interest at the Prime Based Rate at the time of the LIBOR Rate Notification related to such Advances, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification.

Request for LIBOR Rate. If Borrowers desire the Borrower desires that all or part of the principal balance under the Line Advances accrue interest at the LIBOR Based Rate, Borrowing Agent Borrower shall give Bank a LIBOR Rate Notification. Upon delivery by Borrower to Bank of a LIBOR Rate Notification, that portion of the principal balance outstanding under the Line identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (ai) with respect to the principal amount of any new Line Advance cash advance under the Line, from the date of such Advance advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (bii) with respect to all or the principal amount of any portion of the Line Advances outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the expiration of the then current Rate Period related to such Advances principal amount until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (ciii) with respect to all or any portion of the principal amount of the Line Advances outstanding and accruing interest at the Prime Based Line Base Rate at the time of the such LIBOR Rate Notification related to such AdvancesNotification, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification.

Request for LIBOR Rate. If Borrowers desire the Borrower desires that all or part of the Line Advances principal balance under the Revolver accrue interest at the LIBOR Based Rate, Borrowing Agent Borrower shall give Bank Agent a LIBOR Rate Notification. Upon delivery by Borrower to Agent of a LIBOR Rate Notification, that portion of the principal balance outstanding under the Line Revolver identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (ai) with respect to the principal amount of any new Line Advance under the Revolver, from the date of such Advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (bii) with respect to all or the principal amount of any portion of Line Advances the Revolver outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the expiration of the then current Rate Period related to such Advances principal amount until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (ciii) with respect to all or any portion of the Line Advances principal amount of the Revolver outstanding and accruing earning interest at the Prime Based Base Rate at the time of the such LIBOR Rate Notification related to such AdvancesNotification, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification.

Request for LIBOR Rate. If the Borrowers desire that all or part of the Line Advances outstanding principal balance under the Loans accrue interest at the LIBOR Based Rate, Borrowing Agent Borrowers shall give Bank Agent a LIBOR Rate Notification. Upon delivery by Borrowers to Agent of a LIBOR Rate Notification, that portion of the principal balance outstanding under the Line Loans identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (a) with respect to the principal amount of any new Line Advance advance under the Loans, from the date of such Advance advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (b) with respect to all or any portion of Line Advances outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the expiration of the then current Rate Period related to such Advances principal amount until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (c) with respect to all or any portion of the Line Advances principal amount outstanding and accruing interest at the Prime Based Floating Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification."

Request for LIBOR Rate. If the Borrowers desire that all or part of the Line Advances outstanding principal balance under Working Capital Credit Facility A or, during the Acquisition Credit Facility Advance Period, the Acquisition Credit Facility, accrue interest at the LIBOR Based Rate, Borrowing Agent Borrowers shall give Bank Agent a LIBOR Rate Notification. Upon delivery by Borrowers to Agent of a LIBOR Rate Notification, that portion of the principal balance outstanding under Working Capital Credit Facility A or, during the Line Acquisition Credit Facility Advance Period, the Acquisition Credit Facility, identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (a) with respect to the principal amount of any new Line Advance advance under Working Capital Credit Facility A and the Acquisition Credit Facility, from the date of such Advance advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (b) with respect to all or any portion of Line Advances outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the expiration of the then current Rate Period related to such Advances principal amount until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (c) with respect to all or any portion of the Line Advances principal amount outstanding and accruing interest at the Prime Based Floating Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification.

Request for LIBOR Rate. If the Borrowers desire that all or part of the principal balance under the Line Advances accrue interest at the LIBOR Based Rate, Borrowing Agent Borrowers shall give Bank a LIBOR Rate Notification. Upon delivery by Borrowers to Bank of a LIBOR Rate Notification, that portion of the principal balance outstanding under the Line identified in such LIBOR Rate Notification shall accrue interest at the LIBOR Based Rate as follows: (ai) with respect to the principal amount of any new Line Advance advance under the Line, from the date of such Advance advance until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (bii) with respect to all or the principal amount of any portion of the Line Advances outstanding and accruing interest at another LIBOR Based Rate at the time of the LIBOR Rate Notification related to such Advancesprincipal amount, from the expiration of the then current Rate Period related to such Advances principal amount until the end of the Rate Period specified in such LIBOR Rate Notification; and/or (ciii) with respect to all or any portion of the principal amount of the Line Advances outstanding and accruing earning interest at the Prime Based Rate at the time of the such LIBOR Rate Notification related to such AdvancesNotification, from the date set forth in such LIBOR Rate Notification until the end of the Rate Period specified in such LIBOR Rate Notification.. (d)