Notice of Rate Selection definition

Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an Authorized Representative of Borrower which: (i) is irrevocable; (ii) is received by Agent not later than 10:00 o'clock A.M. Eastern Time: (a) if an Effective LIBO Rate is selected, at least two (2) Business Days prior to the first day of the Interest Period to which such selection is to apply, (b) if a Variable Rate is selected, on the first day of the Interest Period to which it applies; and (iii) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each Effective LIBO Rate Advance.
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Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an Authorized Representative of Borrower which: (i) is irrevocable; (ii) is received by Lender not later than 10:00 o'clock A.M. Eastern Time on or before a Business Day for which the selection of Interest Period is to apply.
Sample 1Sample 2
Notice of Rate Selection shall be a written notice, given by telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an authorized representative of Borrower which is received by Agent not later than 10:00 o’clock A.M. Eastern Time: (a) for a LIBOR Rate Loan, or upon conversion of a Base Rate Loan into a LIBOR Rate Loan, at least three (3) Business Days prior to the first day of the LIBOR Period to which the Eurodollar Rate selection is to apply, (b) for a Base Rate Loan, on any Business Day such Index Rate selection is to apply. As to each selected interest rate option, the Notice of Rate Selection shall set forth the aggregate principal amount(s) to which such interest rate option(s) shall apply, and, with respect to LIBOR Rate Loans, the maturity period(s) applicable. Such Notice of Rate Selection, once made, shall be irrevocable for the applicable Interest Period or LIBOR Period, as the case may be. No Interest Period may be selected which would end beyond the Maturity Date.
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Examples of Notice of Rate Selection in a sentence

  • In each case Borrower hereby waives the right to dispute Lender's record of the terms of such telephonic Notice of Rate Selection in the absence of manifest error.

  • In each case Borrower hereby waives the right to dispute Administrative Agent’s record of the terms of such telephonic Notice of Rate Selection in the absence of manifest error.

  • Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Note, by giving Lender a Notice of Rate Selection: (i) prior to the end of each Interest Period applicable to a Libor Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to a Libor Advance.

  • In each case Borrower hereby waives the right to dispute Administrative Agent's record of the terms of such telephonic Notice of Rate Selection in the absence of manifest error.

  • Notice of Rate Selection has the meaning given such term in Section 2.01(e).

  • In each case Borrower hereby waives the right to dispute Agent's record of the terms of such telephonic Notice of Rate Selection in the absence of manifest error.

  • Borrower shall select and thereafter may change its selection of, the applicable interest rate under the Notes, from the alternatives provided for in Section 2.01(c)(i) and Section 2.01(c)(ii) above, by giving Agent a Notice of Rate Selection.

  • A "Notice of Rate Selection" shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an Authorized Representative of Borrower which: (i) is irrevocable; (ii) is received by Lender not later than 10:00 o'clock A.M. Eastern Time on or before a Business Day for which the selection of Interest Period is to apply.

  • As to each selected interest rate option, the Notice of Rate Selection shall set forth the aggregate principal amount(s) to which such interest rate option(s) shall apply, and, with respect to LIBOR Rate Loans, the maturity period(s) applicable.

  • If Borrower submits a borrowing request without a Notice of Rate Selection, the Borrower authorizes the Lender in its discretion to (a) refuse to make the requested Term Loans, or (b) make such Term Loans as Variable Rate Advances.


More Definitions of Notice of Rate Selection

Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an authorized representative of Borrower which (i) is irrevocable, (ii) is received by Lender not later than 10:00 o'clock A.M. Boston time (a) if a LIBOR Based Rate is selected, at least three (3) Business Days prior to the first day of the Interest Period to which such selection is to apply, or (b) if a Prime Rate Loan is selected, on option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each LIBOR Rate Loan.
Sample 1
Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier, or by telephone if immediately confirmed by such a written notice, from an Authorized Representative of Borrower which: (i) is received by Administrative Agent not later than 10:00 a.m. (Eastern time): (a) if an Effective LIBO Rate is selected, at least two (2) Business Days prior to the first day of the Interest Period to which such selection is to apply, (b) if a Variable Rate is selected, on the first day of the Interest Period to which such selection is to apply; and (ii) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each Effective LIBO Rate Advance.
Sample 1
Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an Authorized Repre­sentative of Borrower which: (i) is irrevocable with respect to the interest rate, amount, and interest period selected; (ii) is received by Lender not later than 10:00 o'clock A.M. Eastern Time: (a) if a Eurodollar Rate is selected, at least three (3) Business Days prior to the first day of the Interest Period to which such selection is to apply, (b) if a Variable Rate is selected, on the first day of the Interest Period to which it applies; and (iii) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each Eurodollar Advance.
Sample 1
Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by telephone if immediately confirmed by such a written notice, from an Authorized Repre-sentative of Borrower which: (a) with respect to LIBOR Based Advances: (i) is irrevocable; (ii) is received by Lender not later than 10:00 o'clock A.M. Eastern Time, at least three (3) Business Days prior to the first day of the Interest Period to which such selection is to apply; and (iii) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each LIBOR Based Advance; (b) with respect to Variable Rate Advances: (i) is irrevocable; (ii) is received by Lender not later than 12:00 o’clock P.M. Eastern Time with respect to any same day Variable Rate Advance; and (iii) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply.
Sample 1
Notice of Rate Selection as defined in Section 2.4.3.
Sample 1
Notice of Rate Selection shall be a written notice, given by cable, tested telex, telecopier (with authorized signature), or by e-mail or telephone if immediately confirmed by such a written notice, from an Authorized Representative of Borrower which: (a) is irrevocable; (b) is received by Administrative Agent not later than 11:00 o’clock A.M. Eastern Time: (i) at least three (3) Business Days prior to the funding of a Loan, (ii) on any Business Day on which Borrower desires to convert an outstanding Fixed LIBOR Rate Loan to a Variable Rate Loan, to convert a Base Rate Loan to a Floating LIBOR Rate Loan or to convert a Floating LIBOR Rate Loan to a Base Rate Loan, or (iii) at least three (3) Business Days before the date on which Borrower desires to convert any outstanding Variable Rate Loan to a Fixed LIBOR Rate Loan or make any change with respect to an outstanding Fixed LIBOR Rate Loan; and (c) as to each selected interest rate option, sets forth the aggregate principal amount(s) to which such interest rate option(s) shall apply and the Interest Period(s) applicable to each Fixed LIBOR Rate Loan.
Sample 1

Related to Notice of Rate Selection

  • Notice of Special Rate Period means any notice with respect to a Special Rate Period of shares of MuniPreferred pursuant to subparagraph (d)(i) of Section 4 of Part I of this Statement.

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

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • Notice of receipt means a written document that is issued by the

  • Notice of Renewal has the meaning specified in Section 2.01(b).

  • Notice of Extension has the meaning specified in Section 2.20.

  • FOIA Notice means a decision notice, enforcement notice and/or an information notice;

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit C.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Schedule 3.2, as required by Section 3.2.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • Reset Notice has the meaning specified in Section 307(b).

  • Fixed Rate Period has the meaning specified in Section 2.1.

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

  • Borrowing Notice is defined in Section 2.8.

  • Notice of Continuation or Conversion has the meaning provided in Section 2.10(b).

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

  • Notice of Account Designation has the meaning assigned thereto in Section 2.3(b).

  • Determination Notice is defined in Section 6.1(b)(i) of the Agreement.

  • Acceptance and Prepayment Notice means a notice of the Borrower’s acceptance of the Acceptable Discount in substantially the form of Exhibit M.

  • 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.