Common use of Selection To Be Made Clause in Contracts

Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Agent a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): (i) prior to the Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate Advance.

Appears in 2 contracts

Samples: Loan Agreement (Newkirk Master Lp), Loan Agreement (Shelbourne Properties I Inc)

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Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Administrative Agent a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): Selection: (i) prior to the Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate a Libor Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate a Libor Advance.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

Selection To Be Made. Each Borrower shall separately select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Agent a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): (i) prior to the respective Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate Advance.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Master Lp)

Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this AgreementNote, by giving Agent Lender a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): Selection: (i) prior to the Loaneach Loan Advance, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate a LIBOR Based Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate a LIBOR Based Advance.

Appears in 1 contract

Samples: Loan Agreement (Techprecision Corp)

Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Administrative Agent a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): (i) prior to the Loaneach Loan Advance, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate Advance.

Appears in 1 contract

Samples: Loan Agreement (Kramont Realty Trust)

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Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this AgreementNote, by giving Agent Lender a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): Selection: (i) prior to the Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate a Libor Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate a Libor Advance.

Appears in 1 contract

Samples: Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this AgreementNote, by giving Agent Lender a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): Selection: (i) prior to the Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate a LIBOR Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate a LIBOR Advance.

Appears in 1 contract

Samples: Credit Agreement (Cell Genesys Inc)

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