Conversion to Base Rate. Unless ▇▇▇▇▇▇ shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 that LIBO Rate apply to the one, two or three month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Margin until such time as ▇▇▇▇▇▇ elects to request a new LIBO Rate Loan for a subsequent Interest Period.
Appears in 4 contracts
Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)
Conversion to Base Rate. Unless ▇▇▇▇▇▇ the Borrowers shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 2.10 that LIBO Rate apply to the one, two two, three or three six-month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Applicable Margin until such time as ▇▇▇▇▇▇ elects the Borrowers elect to request a new LIBO Rate Loan for a subsequent Interest Period.
Appears in 3 contracts
Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)
Conversion to Base Rate. Unless ▇▇▇▇▇▇ the Borrower shall have elected in accordance with the provisions of Section 2.4 or this Section 2.5 2.10 that LIBO Rate apply to the one, two two, three or three six-month period immediately succeeding a particular Interest Period, upon the termination of such Interest Period the applicable Loan shall bear interest at the Base Rate plus the Base Rate Applicable Margin until such time as ▇▇▇▇▇▇ the Borrower elects to request a new LIBO Rate Loan for a subsequent Interest Period.
Appears in 2 contracts
Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)