Examples of Rollover Notice in a sentence
If the Borrower fails to deliver a Rollover Notice to the Lender as provided in this Section, the Borrower shall be deemed to have given a Conversion Notice to the Lender electing to convert the entire amount of the maturing CDOR Rate Loan into a Canadian Prime Rate Loan.
A Drawdown Notice, Conversion Notice, Rollover Notice or Repayment Notice given by the Borrower hereunder shall be irrevocable and, subject to any options the Lender may have hereunder in regard thereto and the Borrower’s rights hereunder in regard thereto, shall oblige the Borrower to take the action contemplated on the date specified therein.
Systematic distributions are only applicable to Beneficiary IRA distributions.One-Time Distribution – Special Rollover Notice.
The Administrative Agent shall promptly notify each Managing Agent of the receipt of a Request for Borrowing, a Conversion Notice or a Rollover Notice, the amount of the Borrowing and the amount and currency of such Lender Group’s Lender Group Percentage of the applicable Loans, the date the Borrowing is to be made, the Interest Option selected, the Interest Period selected, if applicable, and the applicable rate of interest.
The Rollover Notice shall also specify the length of the Interest Period selected by the Borrowers with respect to such Rollover.