Selection of Tranche Periods Sample Clauses

Selection of Tranche Periods and Tranche Rates 21 Section 2.4. Discount, Fees and Other Costs and Expenses 23 Section 2.5. Non-Liquidation Settlement and Reinvestment Procedures 23 Section 2.6. Liquidation Settlement Procedures 23 Section 2.7. Fees 24 Section 2.8. Protection of Ownership Interest of the Investors; Special Accounts and Concentration Account 24 Section 2.9. Deemed Collections; Application of Payments 25 Section 2.10. Payments and Computations, Etc 26 Section 2.11. Reports 26 Section 2.12. Collection Account 26 Section 2.13. Sharing of Payments, Etc 27 Section 2.14. Right of Setoff 27 Section 2.15. Additional Transferring Affiliates 27
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Selection of Tranche Periods. (a) So long as no Event of Default has occurred and is continuing, the Borrower may from time to time elect to change or continue the Tranche Period borne by each LIBOR Loan or, subject to the minimum amount requirement for each outstanding Loan set forth in Section 2.02, a portion thereof by notice to the Administrative Agent not later than 11:00 a.m. (New York City time), three (3) Business Days prior to the expiration of any Tranche Period; provided, that there shall not be more than six (6) LIBOR Loans outstanding hereunder at any one time; provided, further that for the avoidance of doubt, any change to a Tranche Period applicable to a LIBOR Loan shall not be effective until the Monthly Settlement Date occurring after the date of such request. Any such notices requesting the change or continuation of a Tranche Period borne by a LIBOR Loan to the Administrative Agent may be given by telephone, telecopy, or other telecommunication device acceptable to the Administrative Agent (which notice shall be irrevocable once given and, if by telephone, shall be promptly confirmed in writing in a manner acceptable to the Administrative Agent).
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Selection of Tranche Periods. The Transferor may, subject to the Deal Agent's approval and the limitations described below and in the Supplement, select Tranche Periods and allocate a portion of the Principal Amount to each selected Tranche Period, so that the full Principal Amount is at all times allocated to a Tranche Period. Each subsequent Tranche Period shall commence on the last day of the immediately preceding Tranche Period, and the duration of and interest applicable to such subsequent Tranche Period shall be such as the Transferor has selected and the Deal Agent has approved on the Business Day prior to such last day; provided, however, that if the Deal Agent has not, by 3 p.m. (New York time) on the Business Day immediately preceding the last day of a Tranche Period (i) received from the Transferor notice of the Transferor's selection of the next Tranche Period(s) and the amount of Principal Amount to be allocated thereto and (ii) approved such selection and allocation, then the Deal Agent shall, in its sole discretion, choose such Tranche Period(s) and make such allocation. Any Tranche Period which would otherwise end on a day which is not a Business Day shall be extended to the next succeeding Business Day; provided, however, that if such next succeeding Business Day is in the next calendar month, then such Tranche Period shall end on the next preceding Business Day. In addition, whenever any Tranche Period commences on the last Business Day in a month or on a day for which there is no numerically corresponding day in the month in which such Tranche Period ends, the last day of such Tranche Period shall occur on the last Business Day of the month in which such Tranche Period ends. Any Tranche Period for which interest on the Note accrues at a rate based upon LIBOR shall have a duration of one, two or three months only. In no event shall the duration of any Tranche Period exceed [90] days. Furthermore, if a CP Disruption Event shall have occurred and be continuing, the Purchaser, or the Deal Agent on its behalf, may, upon notice to the Transferor and the Trustee, terminate any Tranche Period then in effect if the Purchaser has funded any portion of the Principal Amount allocated to such Tranche Period by issuing its commercial paper notes. Any Tranche Period which commences before the Termination Date and would otherwise end on a date occurring after the Termination Date shall end on the Termination Date. On or after the Termination Date, the Deal Agent shall have the right...
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Selection of Tranche Periods. At any time while TPF is not a Pool-Funded Conduit, Borrower may from time to time (after consultation with the TPF Agent) request specific maturity dates for the Related Commercial Paper. The TPF Agent shall accept such request unless it determines, in its sole discretion, that the related tranche period is unavailable or commercially undesirable.
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Selection of Tranche Periods and Tranche Rates 51 SECTION 2.4. Discount, Fees and Other Costs and Expenses 56 SECTION 2.5. Non-Liquidation Settlement and Reinvestment Procedures 56 SECTION 2.6. Liquidation Settlement Procedures 58 SECTION 2.7. Fees 59
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Selection of Tranche Periods and Tranche Rates 27 SECTION 2.4. Discount, Fees and Other Costs and Expenses 28 SECTION 2.5. Non-Liquidation Settlement and Reinvestment Procedures 28 SECTION 2.6. Liquidation Settlement Procedures 29 SECTION 2.7. Fees 30 SECTION 2.8. Protection of Ownership Interest of the Company 30 SECTION 2.9. Deemed Collections; Application of Payments 32 SECTION 2.10. Payments and Computations, Etc. 33 SECTION 2.11. Reports 34 SECTION 2.12. Collection Account 34
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Selection of Tranche Periods 
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Related to Selection of Tranche Periods

  • Selection and Continuation of Tranche Periods (a) With consultation from (and approval by) the Agent, Seller shall from time to time request Tranche Periods for the Purchaser Interests of the Financial Institutions, provided that, if at any time the Financial Institutions shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on the date specified in clause (A) of the definition of Settlement Date.

  • Minimum Amounts of Tranches All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 or a whole multiple of $250,000 in excess thereof and so that there shall not be more than 10 Eurodollar Tranches at any one time outstanding.

  • Selection of Interest Periods (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan.

  • Selection of Interest Rate Options At any time any portion of this Note bears interest determined in relation to LIBOR, it may be continued by Borrower at the end of the Fixed Rate Term applicable thereto so that all or a portion thereof bears interest determined in relation to the Prime Rate or to LIBOR for a new Fixed Rate Term designated by Borrower. At any time any portion of this Note bears interest determined in relation to the Prime Rate, Borrower may convert all or a portion thereof so that it bears interest determined in relation to LIBOR for a Fixed Rate Term designated by Borrower. At such time as Borrower requests an advance hereunder or wishes to select a LIBOR option for all or a portion of the outstanding principal balance hereof, and at the end of each Fixed Rate Term, Borrower shall give Bank notice specifying: (i) the interest rate option selected by Borrower; (ii) the principal amount subject thereto; and (iii) for each LIBOR selection, the length of the applicable Fixed Rate Term. Any such notice may be given by telephone (or such other electronic method as Bank may permit) so long as, with respect to each LIBOR selection, (A) if requested by Bank, Borrower provides to Bank written confirmation thereof not later than three (3) Business Days after such notice is given, and (B) such notice is given to Bank prior to 10:00 a.m. on the first day of the Fixed Rate Term, or at a later time during any Business Day if Bank, at it’s sole option but without obligation to do so, accepts Borrower’s notice and quotes a fixed rate to Borrower. If Borrower does not immediately accept a fixed rate when quoted by Bank, the quoted rate shall expire and any subsequent LIBOR request from Borrower shall be subject to a redetermination by Bank of the applicable fixed rate. If no specific designation of interest is made at the time any advance is requested hereunder or at the end of any Fixed Rate Term, Borrower shall be deemed to have made a Prime Rate interest selection for such advance or the principal amount to which such Fixed Rate Term applied.

  • Determination of Interest Periods Every Interest Period shall be of the duration specified by the Borrowers pursuant to clause 3.2 but so that:

  • Notification of Interest Periods and interest rate The Agent shall notify the Borrowers and the Banks promptly of the duration of each Interest Period and of each rate of interest (or, as the case may be default interest) determined by it under this clause 3.

  • Duration of Interest Periods The duration of each Interest Period relating to the Advance shall, save as otherwise provided herein, be one, three, six or twelve months, or any such other period as may be agreed from time to time between the Borrower and the Agent, in each case as the Borrower may select by not less than three business days' prior notice to the Agent Provided that:

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Choice of Interest Rate, Etc The Advances hereunder shall, at the option of the Borrower, be made as one or more Base Rate Advances or LIBOR Advances; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.

  • Method of Selecting Types and Interest Periods for New Advances The Company shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time. The Company shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon (New York City time) on the Borrowing Date of each Floating Rate Advance and not later than 12:00 noon (New York City time) three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying:

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