Selection of Interest Rates. (a) The Borrower may select the initial Applicable Interest Rate or Applicable Interest Rates to be charged on the Loans.
Selection of Interest Rates. Following (i) the funding of any Advances by a Committed Note Purchaser or (ii) any assignment by a Conduit Investor to its related liquidity provider(s) or related credit provider(s) pursuant to the applicable liquidity purchase agreement or liquidity loan agreement with respect to the Series 2009-1 Notes or to its related Committed Note Purchaser hereunder, in each case the Advances funded, directly or indirectly, with amounts received from any such provider or Committed Note Purchaser will be made as Eurodollar Advances; provided that if any such Committed Note Purchaser is funding Advances through the issuance of Series 2009-1 Commercial Paper, such Advances shall bear interest at the CP Rate.
Selection of Interest Rates. 33 2.5.3 Inability to Determine Eurodollar Base Rate. 34 2.5.4 Indemnity. 35 2.5.5 Payment of Interest. 35 SECTION 2.6
Selection of Interest Rates. Subject to the terms and provisions of this Agreement, the Company shall have the right either to convert any Loan (in whole or in part) into a Loan of another Type (provided that no such conversion of Eurodollar Loans or Competitive Loans shall be permitted other than on the last day of an Interest Period applicable thereto) or to continue such Loan (in whole or in part) as a Loan of the same Type. In the event the Company fails to so give such notice prior to the end of the applicable Interest Period with respect to any Eurodollar Loan or Competitive Loan, such Loan shall become an Alternate Base Rate Loan on the last day of such Interest Period. Notwithstanding any other provision of this Agreement, if a Default shall have occurred and be continuing on the last day of an Interest Period applicable to a Eurodollar Loan or Competitive Loan, such Loan shall automatically be converted to an Alternate Base Rate Loan.
Selection of Interest Rates. (a) Subject to SECTION 6 and SECTION 12.8, the Company shall have the right, by giving a Rate Designation Notice to the Agent as provided in SECTION 5.5, to designate any Loan as a Loan of a particular Type, to convert (a "CONVERSION") any Loan (in whole or in part) into a Loan of another Type or to continue (a "CONTINUATION") any Loan (in whole or in part) as a Loan of the same Type. The records of the Agent with respect to interest rate designations, Interest Periods and the amount of Loans to which they are applicable shall be binding and conclusive, absent manifest error. Loans shall be Alternate Base Rate Loans except where the Company has complied with all requirements of this Agreement for the designation, Conversion or Continuation of such Loan as a Eurodollar Loan. Interest on the amount of each Loan shall accrue on the amount of that Loan and from the date it is made. Any such notice of designation, Conversion or Continuation shall specify the Loan and the new Interest Period. In the event the Company fails to so give such notice prior to the end of any Interest Period for any Eurodollar Loan, such Loan shall become an Alternate Base Rate Loan on the last day of such Interest Period. No more than 10 Eurodollar Interest Periods shall be in effect at any time. Except as otherwise provided in this Agreement, each such designation, Conversion or Continuation shall apply to all Notes ratably in accordance with their respective principal balances. If any Bank assigns an interest in its Note when any Eurodollar Loan is outstanding with respect thereto, the assignee shall have its ratable interest in such Eurodollar Loan.
Selection of Interest Rates. Following (i) the funding of any Advances by a Committed Note Purchaser or (ii) any assignment by a Conduit Investor to its related liquidity providers pursuant to the applicable liquidity purchase agreement or liquidity loan agreement with respect to the Class A-2 Notes or to its related Committed Note Purchaser hereunder, in each case the Advances funded, directly or indirectly, with amounts received from any such provider or Committed Note Purchaser will accrue interest at the Base Rate; provided that HVF may, prior to the commencement of the Series 2005-3 Rapid Amortization Period, if HVF gives notice prior to 12:00 p.m. (New York Time) on the date which is one (1) Business Day prior to the commencement of the related Eurodollar Interest Period, elect that such Advances be made as Eurodollar Advances.
Selection of Interest Rates. 38 2.4.2 Inability to Determine LIBOR Base Rate................... 40 2.4.3 Indemnity................................................ 41 2.4.4 Payment of Interest...................................... 42 SECTION 2.5 General Financing Provisions............................. 43
Selection of Interest Rates. Subject to the terms and provisions of this Agreement, the Company shall have the right either to convert any Loan (in whole or in part) into a Loan of another Type (provided that no such conversion of Eurodollar Loans or Competitive Loans shall be permitted other than on the last day of an Interest Period applicable thereto) or to continue such Loan (in whole or in part) as a Loan of the same Type. In the event the Company fails to so give such notice prior to the end of the applicable Interest Period with respect to any Eurodollar Loan or Competitive Loan, such Loan shall become an Alternate Base Rate Loan on the last day of such Interest Period.
Selection of Interest Rates. Subject to Section 5.1 and Section 6 hereof, the Company shall have the right, by giving written notice to the Administrative Agent and the Paying Agent as provided in Section 5.5 hereof, either to convert any Bankers' Acceptance (in whole or in part) into a Loan, to convert any Loan (in whole or in part) into a Bankers' Acceptance, to convert any Loan (in whole or in part) into a Loan of another Type (provided that no such conversion of Eurodollar Loans shall be permitted other than on the last day of an Interest Period applicable thereto and no conversion of Bankers' Acceptances shall be permitted other than on the maturity date thereof), to continue any Bankers' Acceptance (in whole or in part) or to continue any Loan (in whole or in part) as a Loan of the same Type. Any such notice of conversion of a Bankers' Acceptance into a Loan or of conversion of a Loan into, or continuation of a Loan as, a Eurodollar Loan or a Bankers' Acceptance shall specify the new Interest Period or maturity date, as applicable. In the event the Company fails to so give such notice prior to the end of any Interest Period for any Eurodollar Loan, such Loan shall become an Alternate Base Rate Loan on the last day of such Interest Period.
Selection of Interest Rates. Following any assignment by Paradigm to its related liquidity providers pursuant to the applicable liquidity purchase agreement or to the Committed Note Purchaser hereunder, the Issuer may elect that Advances accrue interest at the Base Rate or (if the Issuer gives notice prior to 11:00 a.m. (London Time) on the date which is two London Business Days prior to the commencement of the related Eurodollar Interest Period) that such Advances be made as Eurodollar Advances.
