Changes in Interest Rate. (a) If at any time a Below Investment Grade Event occurs, then:
Changes in Interest Rate. (a) If at any time a Below Investment Grade Event occurs, then as of such date to and until the date such Below Investment Grade Event no longer exists, the Notes shall bear interest at the Adjusted Interest Rate; provided that during the continuance of an Event of Default, Notes shall bear interest at the Default Rate as stated in the Note.
Changes in Interest Rate. Each Alternate Base Rate Loan shall bear interest, at the Alternate Base Rate, on the outstanding principal amount thereof, for each day from and including the date such Loan is made or is automatically converted from a Eurodollar Loan pursuant to Section 2.6 to but excluding the date it is paid or is converted into a Eurodollar Loan pursuant to Section 2.6. Changes in the Alternate Base Rate will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Loan shall bear interest on the outstanding principal amount thereof for each day during the Interest Period applicable thereto from and including the first day of such Interest Period to (but not including) the last day of such Interest Period at the Eurodollar Rate applicable thereto. No Interest Period may end after the Termination Date.
Changes in Interest Rate. The interest rate set forth above is based upon the Bank’s review of your financial condition (and that of any guarantors) and the deposit relationship with the Bank. The Bank may hereafter change your interest rate on thirty days written notice to you. Any change will be effective immediately and will apply to all amounts then outstanding and any amounts incurred thereafter.
Changes in Interest Rate. (a) If at any time a Below Investment Grade Event occurs, then as of such date to and until the date such Below Investment Grade Event no longer exists, the Notes shall bear interest at the Adjusted Interest Rate; provided that, the failure of the Company to receive and deliver to the holders of the Notes a rating pursuant to Section 9.9 shall be deemed a Below Investment Grade Event; provided, further, that, following the receipt and delivery to the holders of the Notes of each rating pursuant to Section 9.9 the Adjusted Interest Rate applicable thereafter shall be determined in accordance with such then current rating; provided further that during the continuance of an Event of Default, Notes shall bear interest at the Default Rate as stated in the Note. Essex Portfolio, L.P. Note Purchase Agreement
Changes in Interest Rate. Each Floating Rate Advance will bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.10, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.10 hereof, at a rate per annum equal to the Floating Rate for such day. Changes in the rate of interest on that portion of any Advance maintained as a Floating Rate Advance will take effect simultaneously with each change in the Alternate Base Rate. Each Eurodollar Advance will bear interest on the outstanding principal amount thereof from and including the first day of the Interest Period applicable thereto to (but not including) the last day of such Interest Period at the interest rate determined by the Administrative Agent as applicable to such Eurodollar Advance based upon Unit's selections under Sections 2.9 and 2.10 and otherwise in accordance with the terms hereof. No Interest Period may end after the Facility Termination Date.
Changes in Interest Rate. The Company may change the interest rates on the Notes at any time, provided that for any Notes already outstanding (i) the Company shall notify the Holders of such Notes, and (ii) the change in the interest rate shall not become effective before the date ninety (90) days following the date of such notice.
Changes in Interest Rate. Each Alternate Base Rate Loan shall bear interest, at the Alternate Base Rate, on the outstanding principal amount thereof, for each day from and including the date such Loan is made to but excluding the date it is paid. Changes in the Alternate Base Rate will take effect simultaneously with each change in the Alternate Base Rate. Each Negotiated Rate Loan shall bear interest on the outstanding principal amount thereof for each day from and including the date such Loan is made to but excluding the date it is paid at the Negotiated Rate applicable thereto. Changes in the Negotiated Rate applicable to such Loan will take effect as agreed to by the Lender and the Borrower at the time the Negotiated Rate Loan was made.
Changes in Interest Rate. (a) If at any time a Rating Event occurs, then:
Changes in Interest Rate. (a) If at any time a Below Investment Grade Event occurs, then as of such date to and until the date on which such Below Investment Grade Event is no longer continuing, the Notes shall bear interest at the Adjusted Interest Rate; provided that, the failure of the Company to receive and deliver to the holders of the Notes a rating pursuant to Section 9.14 shall be deemed a Below Investment Grade Event; provided, further, that, following the receipt and delivery to the holders of the Notes of a Rating pursuant to Section 9.14 the Adjusted Interest Rate applicable thereafter shall be determined in accordance with such then current Rating; provided further that following the occurrence of an Event of Default, Notes shall bear interest at the Default Rate as stated in the Note.
