Interest Rate Option Notice definition

Interest Rate Option Notice. A notice given by the Borrower to the Agent of the Borrower's election to convert Loans to a different type or continue Loans as the same type, in accordance with Section 1.04(a).
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Interest Rate Option Notice. See Section 2.5. Issuing Bank: BankBoston, N.A. or any successor issuing bank of Letters of Credit.
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Interest Rate Option Notice. See Section 2.5.
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Examples of Interest Rate Option Notice in a sentence

  • Base Rate Loans shall be deemed to continue as such until receipt of an Interest Rate Option Notice requesting conversion thereof to LIBOR Loans.

  • The Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

  • Each Interest Rate Option Notice shall be substantially in the form of Schedule 1.04(d) and shall specify: (i) the aggregate principal amount of Loans to be continued or converted; (ii) the proposed date thereof; (iii) the Interest Period for such LIBOR Loans; and (iv) whether such Loans shall be LIBOR Loans or Prime Rate Loans.

  • Prime Rate Loans shall be deemed to continue as such until receipt of an Interest Rate Option Notice requesting conversion thereof to LIBOR Loans.

  • The Administrative Agent shall promptly notify the Lenders of such Interest Rate Option Notice and the information contained therein.

  • The Borrower may continue any LIBOR Loans as such upon the expiration of the related LIBOR Period by providing to the Agent an Interest Rate Option Notice in compliance with the notice provisions set forth in Section 1.06(a); provided that no LIBOR Loans may be continued when any Default has occurred and is continuing, but shall be automatically converted to Base Rate Loans on the last day of the first applicable LIBOR Period which ends during the continuance of such Default.

  • Each Interest Rate Option Notice shall be substantially in the form of Schedule 1.06(c) and shall specify: (i) the aggregate principal amount of Loans to be continued or converted, and whether such Loans are Initial Term Loans, Incremental Term Loans or Tranche D Term Loans; (ii) the proposed date thereof; (iii) the LIBOR Period for such LIBOR Loans; and (iv) whether such Loans shall be LIBOR Loans or Base Rate Loans.

  • The Co-Agent shall promptly notify the Lenders holding Tranche A Notes and Tranche B Notes, as applicable, of such Interest Rate Option Notice and the information contained therein (with a copy to the Agent).

  • Schedule 1.01(a) Allocation of Commitments Schedule 1.01(b) Form of Reducing Revolving Credit Note Schedule 1.04(a) Loan Request Schedule 1.04(d) Form of Interest Rate Option Notice Schedule 1.06 Form of Commitment Reduction Notice Schedule 2.01 Exceptions to Security Schedule 2.02 Sources and Uses of Proceeds Schedule 3.01(a) Form of Omnibus Officer's and Compliance Certificate Schedule 3.01(b) Material Adverse Changes Schedule 4.01 Opening Balance Sheet Schedule 4.02 Organization, Etc.

  • All seeded area must be either mulched and disc anchored, hydro- mulched, or covered by erosion control blanket to reduced erosion and protect the seed.


More Definitions of Interest Rate Option Notice

Interest Rate Option Notice see Section 1.6.
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Interest Rate Option Notice has the meaning described in Section 2.5.
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Interest Rate Option Notice a notice in form acceptable to the Co-Agent given by all of the Borrowers jointly to the Co-Agent (with a copy to the Agent) of the Borrowers' election to convert Loans to a different type or continue Loans as the same type, in accordance with SECTION 2.06(B).
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Related to Interest Rate Option Notice

  • Interest Rate Option means any LIBOR Rate Option or Base Rate Option.

  • LIBOR Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(ii) [Revolving Credit LIBOR Rate Option].

  • Notice of Interest Rate Election has the meaning set forth in Section 2.10.

  • Base Rate Option means the option of the Borrower to have Loans bear interest at the rate and under the terms set forth in Section 4.1.1(a)(i) [Revolving Credit Base Rate Option].

  • Floating Rate Option has the meaning given to it in the ISDA Definitions;

  • Rate Option means the Eurodollar Rate or the Floating Rate.

  • Interest Rate Period means that period of time for which the interest rate with respect to the Bonds has been determined by the Remarketing Agent or otherwise as provided in the definition of the applicable Interest Rate Mode, commencing on the applicable Interest Rate Adjustment Date, and terminating on the day immediately preceding the following Interest Rate Adjustment Date, if any.

  • Subsequent Fixed Rate Period means for the initial Subsequent Fixed Rate Period, the period commencing on April 1, 2022 and ending on and including March 31, 2027 and for each succeeding Subsequent Fixed Rate Period, the period commencing on the day immediately following the end of the immediately preceding Subsequent Fixed Rate Period and ending on and including March 31 in the fifth year thereafter.

  • Initial Rate of Interest means the initial rate of interest per annum specified as such in the relevant Final Terms;

  • Initial Rate Period means, with respect to the VMTP Shares of any Series, the period commencing on and including the Date of Original Issue thereof and ending on, and including, the next succeeding calendar day that is a Wednesday (or if such Wednesday is not a Business Day, the next succeeding Business Day).

  • Discounted Prepayment Option Notice has the meaning specified in Section 2.05(d)(ii).

  • Fixed Rate Period shall have the meaning in the form of Security set forth in Section 2.1.

  • Initial Fixed Rate Period means the period commencing on the Issue Date and ending on and including June 30, 2020.

  • LIBOR Option has the meaning specified therefor in Section 2.12(a) of the Agreement.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • LIBOR Notice means a written notice in the form of Exhibit L-1.

  • Optional Redemption Notice Date shall have the meaning set forth in Section 6(a).

  • Interest Rate Cap means any interest rate cap transaction entered into pursuant to the Agreement between Party A and Party B as evidenced by a Confirmation;

  • Fixed Rate of Interest means the rate of interest payable from time to time in respect of a Fixed Rate Note or during the Fixed Interest Rate Period in respect of a Fixed/Floating Rate Note and that is either specified in the relevant Pricing Schedule or calculated in accordance with the provisions in the relevant Pricing Schedule.

  • Fixed Rate Term means a period commencing on a Business Day and continuing for 1, 2 or 3 months, as designated by Borrower, during which all or a portion of the outstanding principal balance of this Note bears interest determined in relation to LIBOR; provided however, that no Fixed Rate Term may be selected for a principal amount less than $100,000.00; and provided further, that no Fixed Rate Term shall extend beyond the scheduled maturity date hereof. If any Fixed Rate Term would end on a day which is not a Business Day, then such Fixed Rate Term shall be extended to the next succeeding Business Day.

  • Initial Rate Cap With respect to each Adjustable Rate Mortgage Loan and the initial Adjustment Date therefor, a number of percentage points per annum that is set forth in the Mortgage Loan Schedule and in the related Mortgage Note, which is the maximum amount by which the Mortgage Interest Rate for such Adjustable Rate Mortgage Loan may increase or decrease from the Mortgage Interest Rate in effect immediately prior to such Adjustment Date.

  • Interest Option means LIBOR or the Reference Rate.

  • SOFR Rate Day has the meaning specified in the definition of “Daily Simple SOFR”.

  • Fixed Rate Calculation Date means, for any Subsequent Fixed Rate Period, the 30th day prior to the first day of such Subsequent Fixed Rate Period.

  • Subsequent Reset Rate of Interest means, in respect of any Subsequent Reset Period and subject to Condition 4(b)(ii), the rate of interest determined by the Calculation Agent on the relevant Reset Determination Date as the sum of the relevant Mid-Swap Rate and the relevant Subsequent Margin.

  • Rate Determination Notice has the meaning specified in Section 3.07(g).