Common use of Selection and Continuation of Interest Periods Clause in Contracts

Selection and Continuation of Interest Periods. (a) Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit Agreement (Rock-Tenn CO)

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Selection and Continuation of Interest Periods. (a) With consultation from the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will to utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit Agreement (Rock-Tenn CO)

Selection and Continuation of Interest Periods. (a) With consultation from the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that PROVIDED THAT if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Rock-Tenn CO)

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent (which approval shall not be unreasonably withheld or delayed), Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (National Service Industries Inc)

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Administrative Agent, Borrower shall from time to time request Interest Periods for the Loans of TD Bank Fundings and the Liquidity Fundings, provided that if at any time any Loan of TD Bank Funding or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (Ai) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Louisiana Pacific Corp)

Selection and Continuation of Interest Periods. (a) With consultation from the Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

Selection and Continuation of Interest Periods. (a) With consultation from the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

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Selection and Continuation of Interest Periods. (a) Borrower With consultation from the applicable Co-Agent, the Collection Agent, on behalf of Borrowers, shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower the Collection Agent, on behalf of Borrowers, shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Universal Health Services Inc)

Selection and Continuation of Interest Periods. (a) With consultation from (and approval by) the Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, ; provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (Ai) of the definition of Settlement Date; and provided further, that the decision as to whether a Conduit will utilize Liquidity Fundings shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (PPL Electric Utilities Corp)

Selection and Continuation of Interest Periods. (a) With consultation from the applicable Co-Agent, Borrower shall from time to time request Interest Periods for the Loans of TD and the Liquidity Fundings, provided that if at any time any Loan of TD or Liquidity Funding is outstanding, Borrower shall always request Interest Periods such that at least one Interest Period shall end on the date specified in clause (A) of the definition of Settlement Date; Date and provided further, further that the decision as to whether a Conduit will to utilize Liquidity Fundings Fundings, in lieu of all or any portion of a funding by a Conduit, shall reside with the applicable Co-Agent and not with Borrower.

Appears in 1 contract

Samples: Credit and Security Agreement (Mohawk Industries Inc)

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