Common use of Selection of Rate Options and LIBOR Interest Periods Clause in Contracts

Selection of Rate Options and LIBOR Interest Periods. (a) Borrower, from time to time, may select the Rate Option and, in the case of each LIBOR Advance, the commencement date (which shall be a Business Day) and the length of the LIBOR Interest Period applicable to each LIBOR Advance. Borrower shall give Administrative Agent irrevocable notice (a "Borrowing Notice") not later than 11:00 a.m. (Chicago time) (i) at least one ---------------- Business Day prior to an Alternate Base Rate Advance, and (ii) at least three (3) Business Days prior to a ratable LIBOR Advance, specifying:

Appears in 1 contract

Samples: Revolving Credit Agreement (Rouse Company)

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Selection of Rate Options and LIBOR Interest Periods. (a) Borrower, from time to time, may select the Rate Option and, in the case of each LIBOR Advance, the commencement date (which shall be a Business Day) and the length of the LIBOR Interest Period applicable to each LIBOR Advance. Borrower shall give Administrative Agent irrevocable notice (a "Borrowing Notice") " not later than 11:00 a.m. (Chicago Atlanta time) (i) at least one ---------------- (1) Business Day prior to an Adjusted Alternate Base Rate Advance, and (ii) at least three (3) Business Days prior to a ratable LIBOR Advance, specifying:

Appears in 1 contract

Samples: Unsecured Revolving Credit Agreement (Equity Inns Inc)

Selection of Rate Options and LIBOR Interest Periods. (a) Borrower, from time to time, may select the Rate Option and, in the case of each LIBOR Advance, the commencement date (which shall be a Business Day) and the length of the LIBOR Interest Period applicable to each LIBOR Advance. Borrower shall give Administrative Agent irrevocable notice (a "Borrowing Notice") not later than 11:00 a.m. (Chicago time) (i) at least one ---------------- Business Day prior to an Alternate Base Rate Advance, and (ii) at least three (3) Business Days prior to a ratable LIBOR Advance, specifying:

Appears in 1 contract

Samples: Credit Agreement (Rouse Company)

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Selection of Rate Options and LIBOR Interest Periods. (a) Borrower, from time to time, may select the Rate Option and, in the case of each LIBOR Advance, the commencement date (which shall be a Business Day) and the length of the LIBOR Interest Period applicable to each LIBOR Advance. Borrower shall give Administrative Agent irrevocable notice (a "Borrowing Notice") not later than 11:00 a.m. (Chicago time) (i) at least one ---------------- Business Day prior to an Alternate a Base Rate Advance, and (ii) at least three (3) Business Days prior to a ratable LIBOR Advance, specifying:

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit Inc)

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