APPLICABLE INTEREST PERIOD Sample Clauses

APPLICABLE INTEREST PERIOD. (c) The Agent shall reject any Competitive Bid Quote that:
Sample 1
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APPLICABLE INTEREST PERIOD. The following phrase is added at the end of the last paragraph of the definition of "Applicable Interest Period:" , provided, further, that no Applicable Interest Period for any Offshore Currency Loan may be selected if it extends beyond the last day of the Revolving Commitment Period.
Sample 1
APPLICABLE INTEREST PERIOD. On the last day of the Interest Period applicable to each Borrowing, such Borrowing shall, subject to Section 2.12, be continued as a Eurodollar Borrowing having an Interest Period of one month; provided, however, that if pursuant to Section 2.12, such Borrowing is converted into an ABR Borrowing, such Eurodollar Borrowing shall be converted into an ABR Borrowing. If the Administrative Agent shall have given notice to the Borrower and the Lenders that the circumstances described in clause (a) or (b) under Section 2.12, as the case may be, no longer exist, then the ABR Borrowing then outstanding shall be converted on the day such notice is given into a Eurodollar Borrowing having an Interest Period of one month’s duration; provided that if such day is not a Business Day, such conversion shall occur on the first Business Day following such day. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing denominated in Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.
Sample 1
APPLICABLE INTEREST PERIOD. The definition of "Applicable Interest Period" in Section 1.1 of the Agreement is amended to read as follows:
Sample 1
APPLICABLE INTEREST PERIOD. The definition of "Applicable Interest Period" is amended and restated to read as follows:
Sample 1
APPLICABLE INTEREST PERIOD. The second proviso in definition of "Applicable Interest Period" is amended and restated to read as follows: provided further, that no Applicable Interest Period may be selected for any LIBOR Loan if it extends beyond such Loan's Maturity Date.
Sample 1

Related to APPLICABLE INTEREST PERIOD

  • Interest Period Commencing on the first (1st) Payment Date of the month following the month in which the Funding Date of the applicable Term Loan Advance occurs, and continuing on each Payment Date thereafter, Borrower shall make monthly payments of interest on the principal amount of each Term Loan Advance at the rate set forth in Section 2.2(a).

  • Rest Period An employee who works overtime shall have at least a ten hour rest period between the end of ordinary hours on any one day and start of ordinary hours on the next day. If on the instructions of the employer, the employee resumes or continues work without having had 10 consecutive hours off duty, the employee shall be paid double time until he or she is released from duty for ten hour rest period. The employee shall then be entitled to be absent without loss of pay for ordinary working hours occurring during the ten hour rest period. In the case of shift workers, eight hours shall be substituted for ten hours when overtime is worked:

  • Number of Interest Periods There may be no more than 6 different Interest Periods for LIBOR Loans outstanding at the same time.

  • Duration of normal Interest Periods Subject to Clauses 6.3 and 6.4, each Interest Period shall be:

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Notice of Interest Period and Interest Rate Promptly after receipt of a Notice of Borrowing pursuant to Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the definition of “Interest Period”, the Administrative Agent shall give notice to the Borrower and each Lender of the applicable Interest Period and the applicable interest rate determined by the Administrative Agent for purposes of clause (a)(i) or (a)(ii) above.

  • Additional Interest on Eurodollar Rate Advances The Borrower shall pay to each Lender, so long as such Lender shall be required under regulations of the Board of Governors of the Federal Reserve System to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency Liabilities, additional interest on the unpaid principal amount of each Eurodollar Rate Advance of such Lender, from the date of such Advance until such principal amount is paid in full, at an interest rate per annum equal at all times to the remainder obtained by subtracting (i) the Eurodollar Rate for the Interest Period for such Advance from (ii) the rate obtained by dividing such Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve Percentage of such Lender for such Interest Period, payable on each date on which interest is payable on such Advance. Such additional interest shall be determined by such Lender and notified to the Borrower through the Administrative Agent, and such determination shall be conclusive and binding for all purposes, absent manifest error.

  • Applicable Interest Rates (a) U.S.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that:

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