Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.4, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 or elects to Rollover a Libor Loan pursuant to Section 3.13, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.4, select and notify the Agent at the Agent's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.
Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that:
(a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 and an integral multiple of $100,000;
(b) no more than 6 LIBOR Pricing Options shall be outstanding at any one time;
(c) no LIBOR Interest Period with respect to any part of the Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.
Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.6, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.13 or elects to Rollover a Libor Loan pursuant to Section 3.14, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.6, select and notify the Agent by delivery of a Borrowing Notice, Conversion Notice or Rollover Notice, as the case may be, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan. If the Borrower fails to give to the Agent a notice as aforesaid prior to the date of maturity of a Libor Loan in accordance with the same period of notice required for the original Borrowing, then the amount of such Libor Loan shall be converted on its maturity to a U.S. Base Rate Loan from the Lender pursuant to Section 3.13.
Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that:
(1) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $2,000,000 and an integral multiple of $500,000;
(2) no more than six LIBOR Pricing Options shall be outstanding at any one time;
(3) no LIBOR Interest Period shall expire later than the Maturity Date; and (1)
(4) prior to the date 60 days after the Initial Closing Date or the earlier date the Agent informs the Company that the proposed initial syndication of the credit facilities provided hereby will close, no LIBOR Interest Period shall extend beyond such date except with the written consent of the Agent, which consent shall not be unreasonably withheld. The Company and the Agent shall confer about the appropriate scheduling of the selection of LIBOR Interest Periods to facilitate the anticipated syndication of the credit facilities provided herein to other Lenders.
Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that:
Selection of Libor Interest Periods. 47 5.1.1 Amount and Availability............................ 47 5.1.2
Selection of Libor Interest Periods. 52 Section 5.2 - Alternate Basis of Borrowing ....................... 52 Section 5.3 - Illegality Relative to Libor Loans ................. 53
Selection of Libor Interest Periods. All Libor Loans shall be drawn down in the minimum amounts set forth in Section 3.5 and shall be for a Libor Interest Period, subject to availability to each Lender, respectively. If the Borrower has chosen a Borrowing by way of a Libor Loan pursuant to Section 3.5 or has made a conversion into a Libor Loan pursuant to Section 3.9, the Borrower shall, prior to the expiry of the then current relevant Libor Interest Period, select and irrevocably notify the applicable Lender of the next Libor Interest Period to apply without novation (subject to availability to such Lender) to such Libor Loan or of the intention of the Borrower to repay or convert such Libor Loan at the end of the relative Libor Interest Period, such notice to be given by telephone within notice periods similar to those provided in Section 3.5, followed by written confirmation on the same day substantially in form and substance as set out in SCHEDULE "N". If the Borrower shall choose a new Libor Interest Period for an outstanding Libor Loan, and thus to renew such Borrowing without novation in the same form of Loan, the new Libor Interest Period shall commence on and include the last day of the relative Libor Interest Period during which such choice is made. If the Borrower fails to so notify the relevant Lender as provided in this Section, the Borrower shall be deemed to have notified such Lender of its intention to convert without novation the relevant Libor Loan into a US Base Rate Loan.
Selection of Libor Interest Periods. 51 5.1.1 Amount and Availability.................................51 5.1.2 Selection of Libor Interest Period......................51 5.1.3 Deemed Conversion.......................................52 Section 5.2 Alternate Basis of Borrowing...................................52 ARTICLE VI - CONDITIONS APPLICABLE TO LETTERS OF CREDIT.....................53
Selection of Libor Interest Periods. 37 3.2.4. Additional Interest........................................ 37 3.2.5. Violation of Legal Requirements............................ 38 3.2.6. Funding Procedure.......................................... 38 3.3. Interest on Money Market Loans and Swingline Loan................. 39 3.4. Computations of Interest and Fees................................. 39 3.5.
