LIBOR Election Notice definition

LIBOR Election Notice means a written notice by Borrowers to Agent to have all or a portion of the principal balance of a Loan bear or continue to bear interest determined by reference to a LIBOR Rate, in the form of Exhibit E attached hereto.

LIBOR Election Notice a notice by Borrowers to Agent to have a portion of the Principal Balance bear interest at a LIBOR Rate, in the form of EXHIBIT 1T.

LIBOR Election Notice a notice by Borrower to Bank to have a portion of the Principal Balance bear interest at a LIBO Rate, in the form of Exhibit 1.1(C).

Examples of LIBOR Election Notice in a sentence

• If Maker elects to have the LIBOR Adjusted Rate apply, it shall advise Payee in writing by delivery to Payee of the LIBOR Election Notice attached hereto as Exhibit “A”, of its election and the LIBOR Period and LIBOR Increment for which Maker desires said rate to apply not later than 10:00 a.m., Central Standard Time or Central Daylight Time (as applicable), two (2) Business Days prior to the LIBOR Period Commencement Date.

• Any LIBOR Election Notice received by Agent shall be irrevocable.

• If Borrower delivers a LIBOR Election Notice or a EURIBOR Election Notice to Bank and thereafter withdraws such election before it becomes effective, Borrower shall reimburse Bank on demand for the amount of any loss, cost and/or expense incurred by Bank as a result of Bank's reliance on such notice, including without limitation, any loss, cost or expense resulting from Bank's contractual obligations in connection with the applicable Dollar or Euro deposits.

• Subject to the provisions of subsection 2.2.2 and 2.3.2 and provided no Event of Default then exists, Borrower from time to time may elect to have all or a portion of the Principal Balance bear or continue to bear interest at a LIBOR Rate, such election to be exercised by delivery of a LIBOR Election Notice to Agent c/o Xxxxx Xxxxxxx, FINOVA Capital Corporation, 000 X.

• If Maker elects to have the LIBOR Adjusted Rate apply, it shall advise Payee in writing by delivery to Payee of the LIBOR Election Notice attached hereto as Exhibit “A”, of its election and the LIBOR Period and LIBOR Increment for which Maker desires said rate to apply not later than 10:00 am., Central Standard Time or Central Daylight Time (as applicable), two (2) Business Days prior to the LIBOR Period Commencement Date.

• Agent and Lenders shall have the right without further confirmation to assume that any LIBOR Election Notice received by Agent has been given by a person duly authorized to act on behalf of Borrowers.

• We confronted a similar “floodgates” concern in Hill, see id., at 58, 1061485S.Ct. 366, but nevertheless applied *1485though Strickland applied to petitioner's claim, he had not sufficiently alleged prejudice to satisfy Strickland 's second prong.

• Agent and Lenders shall have the right without further confirmation to assume that any LIBOR Election Notice executed by Jamex X.

• Agent and Lenders shall have the right without further confirmation to assume that any LIBOR Election Notice received by Agent and in good faith believed by Agent to be executed by Xxxx Xxxxxxxx or any other individual designated by him in a notice to Agent has been given by a person duly authorized to act on behalf of Borrower.

• Upon the expiration of an Interest Period the applicable LIBOR Loan shall be converted to and become a Prime Rate Loan unless such LIBOR Loan has been continued as a LIBOR Loan in accordance with this SECTION 2.5.1. Agent shall give each Revolving Lender and Term Loan A Lender prompt notice by telephone or facsimile transmission of each LIBOR Election Notice.