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Common use of Rollovers Clause in Contracts

Rollovers. No later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the termination of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate Loan, the Borrower(s) shall give the Administrative Agent notice by telephone, facsimile or electronic mail, which notice if by telephone shall be confirmed in writing, substantially in the form of Exhibit F attached hereto (the “Rollover Notice”) whether it desires to renew such LIBOR Rate Loan. The Rollover Notice shall also specify the length of the Interest Period selected by the Borrower(s) with respect to such Rollover. Each Rollover Notice shall be effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable Borrower(s) fails to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate Loan, such Borrower(s) shall be deemed to have elected to renew such Loan as a LIBOR Rate Loan with an Interest Period of one (1) month commencing on the expiration of the preceding Interest Period.

Appears in 9 contracts

Samples: Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (MN8 Energy, Inc.), Revolving Credit Agreement (MN8 Energy, Inc.)

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Rollovers. No later than 11:00 a.m. (New York timex) at least three (3) Business Days prior to the termination of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate LoanLoan in Dollars or (y) at least four (4) Business Days prior to the termination of each Interest Period related to a LIBOR Rate Loan in an Alternative Currency, the Borrower(s) applicable Borrower shall give the Administrative Agent written notice by telephone, facsimile or electronic mailat the Agency Services Address, which notice if by telephone shall may be confirmed via facsimile, electronic mail or other written communication in writinga form reasonably acceptable to the Administrative Agent (each such notice, substantially in the form of Exhibit F attached hereto (the a “Rollover Notice”) whether it the applicable Borrower desires to renew such LIBOR Rate Loan. The Rollover Notice shall also specify (i) the amount of the LIBOR Rate Loan and (ii) the length of the Interest Period Period, in each case, selected by the Borrower(s) such Borrower with respect to such Rollover. Each Rollover Notice shall be irrevocable and effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable Borrower(s) Borrower fails to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate Loan, such Borrower(s) Borrower shall be deemed to have elected the Reference Rate as the Interest Option with respect to renew such Loan as a LIBOR Rate Loan with an Interest Period of one (1) month commencing on the expiration of the preceding Interest PeriodLoan.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Owl Rock Capital Corp III), Revolving Credit Agreement (Owl Rock Technology Finance Corp.), Revolving Credit Agreement (Owl Rock Technology Finance Corp.)

Rollovers. No later than 11:00 a.m. (New York time) at least (x) three (3) Business Days prior to the termination of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate LoanLoan in Dollars or (y) at least four (4) Business Days prior to the termination of each Interest Period related to a CDOR Rate Loan or a LIBOR Rate Loan denominated in an Alternative Currency, the Borrower(s) Borrowers shall give the Administrative Agent written notice by telephone, facsimile at the Agency Services Address (which notice may be via fax or electronic mail, which notice if by telephone shall be confirmed in writing, substantially ) in the form of Exhibit F attached hereto G (the “Rollover Notice”) whether it desires to renew such LIBOR Rate Loan or CDOR Rate Loan. The Rollover Notice shall also specify the length of the Interest Period selected by the Borrower(s) Borrowers with respect to such Rollover. Each Rollover Notice shall be irrevocable and effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable Borrower(s) fails Borrowers fail to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate Loan or CDOR Rate Loan, such Borrower(s) the Borrowers shall be deemed to have elected to renew such Loan as a LIBOR Rate Loan with an one-month Interest Period of one (1) month commencing on the expiration of the preceding Interest Periodwith respect to such Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Crescent Capital BDC, Inc.)

Rollovers. No later than 11:00 a.m. 12:00 p.m. (New York timeor such later time as the Administrative Agent may approve in its sole discretion) (x) at least three (3) Business Days prior to the termination of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate LoanLoan in Dollars or (y) at least four (4) Business Days prior to the termination of each Interest Period related to a LIBOR Rate Loan in an Alternative Currency, the Borrower(s) applicable Borrower shall give the Administrative Agent written notice by telephone, facsimile at the Agency Services Address (which notice may be via fax or electronic mail, which notice if by telephone shall be confirmed in writing, substantially ) in the form of Exhibit F attached hereto G (the a “Rollover Notice”) whether it desires to renew such LIBOR Rate Loan. The Rollover Notice shall also specify (i) the amount of the LIBOR Rate Loan and (ii) the length of the Interest Period Period, in each case selected by the Borrower(s) applicable Borrower with respect to such Rollover. Each Rollover Notice shall be irrevocable and effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable Borrower(s) fails Borrowers fail to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate Loan, such Borrower(s) the Borrowers shall be deemed to have elected one (1)-month LIBOR as the Interest Option with respect to renew such Loan as Loan. Notwithstanding anything herein to the contrary, a LIBOR Rate Loan with an Interest Period of one (1) month commencing based on the expiration of the preceding Interest PeriodDaily LIBOR shall automatically rollover until it is prepaid or converted each day without any notice or election.

Appears in 1 contract

Samples: Revolving Credit Agreement (AG Twin Brook BDC, Inc.)

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Rollovers. No later than 11:00 a.m. (New York time) at least three (3) U.S. Government Securities Business Days prior to the termination of each Interest Period (other than the Interest Period ending on the Stated Maturity Date) related to a LIBOR Rate RateSOFR Loan, the Borrower(s) shall give the Administrative Agent notice by telephone, facsimile or electronic mail, which notice if by telephone shall be confirmed in writing, substantially in the form of Exhibit F attached hereto (the “Rollover Notice”) whether it desires to renew such LIBOR Rate RateSOFR Loan. The Rollover Notice shall also specify the length of the Interest Period selected by the Borrower(s) with respect to such Rollover. Each Rollover Notice shall be effective upon notification thereof to the Administrative Agent. Each Rollover Notice shall be irrevocable. If the applicable Borrower(s) fails to timely give the Administrative Agent the Rollover Notice with respect to any LIBOR Rate RateSOFR Loan, such Borrower(s) shall be deemed to have elected to renew such Loan as a LIBOR Rate RateSOFR Loan with an Interest Period of one (1) month commencing on the expiration of the preceding Interest Period.

Appears in 1 contract

Samples: Revolving Credit Agreement (MN8 Energy, Inc.)

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