Common use of Revolving Credit LIBOR Rate Option Clause in Contracts

Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurred, and subject to the provisions of Section 2.1.1 (a)(i) if Borrower desires to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower shall give Lender a written irrevocable request no later than 11:00 A.M. Eastern time on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate provided that such amount shall be an integral multiple of Two Hundred Fifty Thousand Dollars ($250,000.00).

Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurred, and subject to the provisions of Section 2.1.1 (a)(i) if Borrower desires to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower shall give Lender a written irrevocable request no later than 11:00 A.M. Eastern time on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate provided that such amount shall be an integral multiple of Two Five Hundred Fifty Thousand Dollars ($250,000.00500,000.00).

Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurredoccurred and is continuing, and subject to the provisions of Section 2.1.1 (a)(i) ), if Borrower desires Borrowers desire to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower Borrowers shall give Lender Agent a written irrevocable request no later than 11:00 A.M. (Eastern time time) on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate Rate; provided that that, such amount shall be at least One Hundred Fifty Thousand and 00/100 Dollars ($150,000.00) and in an integral multiple of Two One Hundred Fifty Thousand and 00/100 Dollars ($250,000.00150,000.00).

Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurredoccurred and is continuing, and subject to the provisions of Section 2.1.1 (a)(i) if Borrower desires Borrowers desire to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower Borrowers shall give Lender Agent a written irrevocable request no later than 11:00 A.M. (Eastern time time) on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate Rate; provided that that, such amount shall be at least $250,000 and in an integral multiple of Two Hundred Fifty Thousand Dollars ($250,000.00250,000).

Revolving Credit LIBOR Rate Option. Provided no Default or Event of Default has occurredoccurred and is continuing, and subject to the provisions of Section 2.1.1 (a)(i) if Borrower desires Borrowers desire to have the Revolving Credit LIBOR Rate apply to all or a portion of the Revolving Credit Loans, Borrower Borrowers shall give Lender a written irrevocable request no later than 11:00 A.M. Eastern time on the third (3rd) Business Day prior to the requested borrowing date specifying (i) the date the Revolving Credit LIBOR Rate shall apply (which shall be a Business Day), (ii) the Interest Period, and (iii) the amount to be subject to the Revolving Credit LIBOR Rate provided that such amount shall be at least $250,000 and in an integral multiple of Two Hundred Fifty Thousand Dollars ($250,000.00).