Rate Election definition

Rate Election has the meaning given it in Section 2.3.

Rate Election has the meaning given it in Section 2.4.

Rate Election has the meaning given in Section 2.6. -------------

Examples of Rate Election in a sentence

• Each Interest Period specified in a Notice of Interest Rate Election shall comply with the provisions of the definition of Interest Period.

• If no Notice of Interest Rate Election is timely received prior to the end of an Interest Period for any Group of Loans, the Borrower shall be deemed to have elected that such Group of Loans be converted to Base Rate Loans as of the last day of such Interest Period.

• Each Interest Period specified in a Notice of Interest Rate Election shall comply with the provisions of the definition of the term “Interest Period”.

• A Notice of Interest Rate Election may, if it so specifies, apply to only a portion of the aggregate principal amount of the relevant Group of Loans; provided that (i) such portion is allocated ratably among the Loans comprising such Group and (ii) the portion to which such Notice applies, and the remaining portion to which it does not apply, are each at least $10,000,000 (unless such portion is comprised of Base Rate Loans).

• If the Borrower fails to deliver a timely Notice of Interest Rate Election to the Administrative Agent for any Group of Euro-Dollar Loans, such Loans shall be converted into Base Rate Loans on the last day of the then current Interest Period applicable thereto.

More Definitions of Rate Election

Rate Election. Rate Election" shall have the meaning set forth in ------------- Subsection 2.6.3 hereof.

Rate Election has the meaning given such term in Section 2.09 below.

Rate Election. Rate Election" shall have the meaning set forth in ------------- Sections 2.6.2 and 2.6.3 hereof. -------------- ----- Rate Management Transaction. "Rate Management Transaction" means any --------------------------- transaction (including an agreement with respect thereto) now existing or hereafter entered into between Borrower and the Bank, or any Affiliate of the Bank, which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

Rate Election has the meaning given it in Section 2.9. "Rate Management Transaction" means any transaction (including an agreement with respect thereto) now existing or hereafter entered into between Borrower and Lender, or any affiliate of Lender, which is a rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect 6 to any of these transaction) or any combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures. "Regulation D" means Regulation D of the Board of Governors of the Federal Reserve System, as from time to time in effect. "Reserve Percentage" means, on any day with respect to each particular Eurodollar Portion in a Tranche, the maximum reserve requirement, as determined by Lender (including without limitation any basic, supplemental, marginal, emergency or similar reserves), expressed as a decimal and rounded to the next higher .01 of 1%, which would then apply to Lender under Regulation D or successor regulations issued from time to time by the Board of Governors of the Federal Reserve System with respect to "Eurocurrency liabilities" (as such term is defined in Regulation D) equal in amount to Lender's Eurodollar Portion in such Tranche, were Lender to have any such "Eurocurrency liabilities". If such reserve requirement shall change after the date hereof, the Reserve Percentage shall be automatically increased or decreased, as the case may be, from time to time as of the effective time of each such change in such reserve requirement. "Revolving Commitment": Section

Rate Election. The term "Rate Election" means a completed rate election in the form of Exhibit "B" hereto.

Rate Election means a completed rate election in the form of Exhibit "B" hereto.

Rate Election means (i) the Borrower's right to select from time to time one or more of the Interest Rate Options as the interest rate applicable to the Borrower Note and (ii) in the absence of the exercise of the right referred to in clause (i) of this definition, the automatic conversion of the Interest Rate Option applicable to the Borrower Note to the Weekly Rate.