Examples of Term XXXXX Rate in a sentence
Notwithstanding anything to the contrary set forth herein, prior to the Term XXXXX Activation Date, the Borrowers may not borrow any Multicurrency Facility Loans as Term XXXXX Rate Loans or convert any Multicurrency Facility Loans to Term XXXXX Rate Loans.
Upon determining the Term XXXXX Rate, Term SOFR or Alternative Currency Term Rate for any Interest Period, Agent shall promptly notify the Administrative Borrower by telephone or electronically and, if requested by the Administrative Borrower, shall confirm any telephonic notice in writing.
From and after the Term XXXXX Activation Date, during any Event of Default, Agent may (and shall at the direction of Required Multicurrency Facility Lenders) declare that no Loan may be made, converted or continued as a Term XXXXX Rate Loan.
Notwithstanding anything to the contrary set forth herein, (i) on the Term XXXXX Activation Date, any then outstanding Daily Simple XXXXX Rate Loans shall be converted to Term XXXXX Rate Loans in accordance with the terms of this Agreement and (ii) from and after the Term XXXXX Activation Date, the Borrowers may not borrow any Multicurrency Facility Loans as Daily Simple XXXXX Rate Loans or convert any Multicurrency Facility Loans to Daily Simple XXXXX Rate Loans.
Any change in the interest rate on a Loan resulting from a change in the Base Rate or, the Canadian Prime Rate, the Adjusted Term SOFR Rate, the Adjusted Term XXXXX Rate or Daily Simple XXXXX, shall become effective as of the opening of business on the day on which such change becomes effective.