Interest Election definition

Interest Election means an election by the Borrower to change or continue the Interest Type of a Borrowing in accordance with Section 2.07.

Interest Election has the meaning provided in Section 2.04(a).

Interest Election shall have the meaning assigned to such term in Section 2.06.

Examples of Interest Election in a sentence

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.
Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.
If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month's duration.
If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing.

Interest Election. Request is submitted for the purpose of:

Interest Election shall have the meaning set forth in Section 2.4(a) hereof.

Interest Election has the meaning set forth in Section 5 of this Second Supplement.

Interest Election means an Interest Election substantially in the form of Exhibit B-2.

Interest Election has the meaning ascribed to it in Section 1.5(a).

Interest Election is defined in Section 2.10(b).

Interest Election means an election by a Borrower to change or continue the Interest Type of a Borrowing in accordance with Section 2.06.