Choice of Interest Rate, Etc. The Advances hereunder shall, at the option of the Borrower, be made as one or more Base Rate Advances or LIBOR Advances; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.
Appears in 5 contracts
Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)
Choice of Interest Rate, Etc. The Advances Any Advance hereunder shall, at the option of the Borrower, be made as one or more a Base Rate Advances Advance or a LIBOR AdvancesAdvance; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to receive or Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.
Appears in 4 contracts
Samples: Loan Agreement, Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)
Choice of Interest Rate, Etc. The All Advances hereunder shall be made in U.S. Dollars only and shall, at the option of the Borrower, be made as one a LIBOR Advance or more Base Rate Advances or LIBOR AdvancesAdvance, as specified in each Request for Advance therefor; provided, however, that at such time as there shall have occurred and be continuing a an Event of Default hereunder, the Borrower shall not have the right to receive or Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. A.M. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days requiredrequired in this Section 2.2. LIBOR Advances shall in all cases be subject to Section 2.3(e) and Article 10.
Appears in 2 contracts
Samples: Amendment and Restatement Agreement (Whole Earth Brands, Inc.), Loan Agreement (Whole Earth Brands, Inc.)
Choice of Interest Rate, Etc. The Advances Any Advance hereunder shall, at the option of the requesting Borrower, be made as one or more a Base Rate Advances Advance or a LIBOR AdvancesAdvance; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, none of the Borrower Borrowers shall not have the right to receive or Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.
Appears in 2 contracts
Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)
Choice of Interest Rate, Etc. The Advances hereunder Any Advance (excluding Swing Line Advances) shall, at the option of the Borrower, be made as one or more a Base Rate Advances Advance or a LIBOR AdvancesAdvance; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to receive or Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.
Appears in 1 contract
Samples: Loan Agreement (Rural Cellular Corp)
Choice of Interest Rate, Etc. The Advances hereunder Advance(s) made in accordance with Section 2.1 shall, at the option of the Borrower, be made as one or more Base Rate Advances or LIBOR Advances; provided, however, that at such time as there shall have occurred and be continuing a Default hereunder, the Borrower shall not have the right to Continue a LIBOR Advance or to Convert a Base Rate Advance to a LIBOR Advance. Any notice given to the Administrative Agent in connection with a requested Advance or Conversion hereunder shall be given to the Administrative Agent prior to 11:00 a.m. (New York, New York time) in order for such Business Day to count toward the minimum number of Business Days required.
Appears in 1 contract
