Interest Rate Election Date definition

Interest Rate Election Date is defined in Section 1.4(d) hereof.

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Interest Rate Election Date is defined in Section 2.3(d).

Interest Rate Election Date means any date as of which, under Section 2.5, the Borrower (a) obtains Loans, (b) converts Loans of one Type to another Type, or (c) continues as Loans of the same Type, but with a new Interest Period, Loans having Interest Periods expiring on such date.

Examples of Interest Rate Election Date in a sentence

• Any such facility fee for the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days remaining in such quarter.

• Such facility fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the Interest Rate Election Date (if any)) and on the Revolving Credit Termination Date, unless the Revolving Credit Commitments are terminated in whole on an earlier date, in which event the facility fee for the period to the date of such termination in whole shall be paid on the date of such termination.

• Commencing on the first day following the Interest Rate Election Date (if any), the Borrower shall pay to the Administrative Agent for the ratable account of the Lenders in accordance with their Revolver Percentages a facility fee at the rate per annum equal to the Applicable Margin (computed on the basis of a year of 360 days and the actual number of days elapsed) on the average daily Revolving Credit Commitments, whether or not in use.

• Any such commitment fee for the first quarter following Closing Date or the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days this Agreement was in effect during such quarter.

• Each Interest Rate Notice, Notice of Borrowing or request for a Letter of Credit (as the case may be) submitted by the Borrower hereunder shall constitute a representation and warranty by the Borrower hereunder, as of the date of each such notice and as of each Interest Rate Election Date, as applicable, that the conditions in this Section 5.2 are satisfied.

• Such commitment fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing September 30, 2015) and on the earlier of (i) the Interest Rate Election Date (if any) or (ii) the Termination Date, unless the Commitments are terminated in whole on an earlier date, in which event the commitment fee for the period to the date of such termination in whole shall be calculated and paid on the date of such termination.

• Such facility fee shall be payable quarterly in arrears on the last day of each March, June, September, and December in each year (commencing on the first such date occurring after the Interest Rate Election Date (if any)) and on the Termination Date, unless the Commitments are terminated in whole on an earlier date, in which event the facility fee for the period to the date of such termination in whole shall be paid on the date of such termination.

• From and after the Interest Rate Election Date and for each Interest Accrual Period ending prior to the end of such Floating Rate Period beginning on such Interest Rate Election Date, interest on all of the Debentures shall accrue at the Floating Rate.

• Any such commitment fee for the first quarter following First Amendment Closing Date or the quarter in which Interest Rate Election Date (if any) occurs shall be prorated according to the number of days this Agreement was in effect during such quarter.

• The Interest Rate Election Notice shall set forth the name of the Holders exercising such right, the Interest Rate Election Date and the amount of Debentures held by such Holders, and a statement that the Interest Rate Election is being exercised thereby.

More Definitions of Interest Rate Election Date

Interest Rate Election Date means any date as of which, the Borrower

Interest Rate Election Date means the Interest Payment Date on which the Interest Rate Election is exercised, as set forth in the Interest Rate Election Notice. Notwithstanding the foregoing, upon the occurrence of the Swap Termination Date, if the Securities of this series shall then bear interest at the Floating Rate, the Holders of not less than 66 2/3% in aggregate principal amount of the Securities of this series will have the right to elect to convert the interest rate on all, but not less than all, of the Securities of this series from the Floating Rate to the Fixed Rate by delivering to the Company and the Trustee irrevocable written notice of such Holders' election to so convert the interest rate. Such notice to the Company and the Trustee shall set forth the name of the Holders exercising such right and a statement that the Swap Termination Date has occurred and that the Holders wish to exercise their right to convert the interest rate pursuant to this Section. Any exercise of such conversion right shall be irrevocable. Upon receipt of such notice by the Company, (i) any Floating Rate Period then in effect shall terminate, (ii) a Fixed Rate Period will then be in effect and be deemed to have been in effect at all times from the then most recent Interest Payment Date on which interest has been paid or duly provided for (or, if no interest has been paid or duly provided for on any Interest Payment Date, October 1, 1997) and (iii) no Floating Rate Period shall thereafter be in effect at any time. The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security upon compliance with certain conditions set forth in the Indenture. This Security is subject to optional redemption, in a whole but not in part, from time to time and at any time (such redemption, an "Optional Redemption", and the date thereof, the "Optional Redemption Date"), upon not less than 30 days' notice to the Holders (with a copy thereof to the Swap Counterparty), at a redemption price equal to the sum of (A) the greater of (i) 100% of the principal amount hereof to be redeemed and (ii) the sum of the present values of the Remaining Scheduled Payments hereon discounted to the Optional Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, less the Applicable Accrued Interest Amount, plus (B) the Applica...

Interest Rate Election Date means the Interest Payment Date on which the Interest Rate Election is exercised, as set forth in the Interest Rate Election Notice.