Examples of Quoted Rate Period in a sentence
There shall only be one (1) Quoted Rate Period in effect at any time.
If all or a portion of the Term Loan is subject to the Quoted Rate Option, interest on such portion of the Term Loan shall be due and payable on the last day of the Quoted Rate Period for such portion of the Term Loan and on each Interest Payment Date within such Quoted Rate Period.
Each such request shall be in writing or by telephone or telecopy transmission, to be confirmed in writing by the Borrower if so requested by the Administrative Agent (in the form of Exhibit F), shall specify the date and amount of such conversion, the total amount of the Loan to be so converted and the requested Quoted Rate Period therefor.
Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans or Quoted Rate Loans are to be prepaid, the Interest Period(s) or Quoted Rate Period, as applicable, of such Loans.
The Borrower may accept a proposed Quoted Rate and applicable Quoted Rate Period quoted by the Administrative Agent not later than 1:00 p.m. on the day the quote is provided.