Interest Election. (a) Each Conventional Borrowing initially shall be of the type specified in the applicable Notice of Conventional Borrowing and, in the case of a Conventional Borrowing consisting of CD Rate Loans or, Eurodollar Loans shall have an initial Interest Period as specified in such Notice of Conventional Borrowing. Thereafter, the Company may elect to convert such Conventional Borrowing to a different type or to continue such Conventional Borrowing and, in the case of a Conventional Borrowing consisting of CD Rate Loans or, Eurodollar Loans, may elect Interest Periods therefor, all as provided in this Section 2.05. The Company may elect different options with respect to different portions of the affected Conventional Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Conventional Borrowing, and the Loans comprising each such portion shall be considered a separate Conventional Borrowing. This Section 2.05 shall not apply to Discretionary Borrowings.
Interest Election. Loans made on the Closing Date shall be Prime Rate Loans. Each Revolving Loan made after the Closing Date shall initially be of the Type specified in the applicable Advance Request for such Revolving Loan. From time to time after the Closing Date Borrower may make a LIBOR Election with respect to all or any portion of any Loan in accordance with the following provisions of this Section 2.5.1. Any LIBOR Election, in order to be effective, must be made by written notice, signed by Borrower’s Authorized Representative, given to Agent and actually received by Agent, must (i) be received not later than 12:00 noon (Cincinnati, Ohio time), two Business Days prior to the requested Borrowing Date, (ii) with respect to such LIBOR Rate Loan designate the duration of the LIBOR Period applicable thereto, subject to the provisions of the definition of LIBOR Period, and (iii) designate the LIBOR Amount with respect to such Loan. Any LIBOR Election shall remain effective until a subsequent LIBOR Election becomes effective with respect to such LIBOR Rate Loan or, if no LIBOR Election is made with respect to such LIBOR Rate Loan, the last day of the LIBOR Period applicable thereto; however, in the absence of the delivery of a subsequent LIBOR Election in compliance with this Section 2.5.1 not less than two (Business Days before the end of the LIBOR Period then in effect, Borrower will be deemed to have elected that such LIBOR Rate Loan be converted into a Prime Rate Loan at the end of that LIBOR Period, but until such conversion, the funds advanced under such LIBOR Rate Loan shall continue to accrue interest at the same rate as the interest rate in effect for such LIBOR Rate Loan prior to the end of the LIBOR Period. Other than with the consent of Agent, (a) Borrower may not, in the aggregate, have more than five LIBOR Rate Loans outstanding at any time, and any LIBOR Election that would result in more than five LIBOR Rate Loans being outstanding shall not be effective; (b) each LIBOR Rate Loan will be in a minimum principal amount of $1,000,000 and in integral multiples of $100,000; (c) no portion of the Loans which represents Agent Advances, Interim Advances, or any unreimbursed drawings under any Letter of Credit can be made as, converted into, or continued as, a LIBOR Rate Loan; and (d) no Loan will be made as, converted into, or continued as, a LIBOR Rate Loan: (1) when an Event of Default has occurred and is continuing, (2) during a period that, pursuant to Section 2....
Interest Election. 26 SECTION 2.06. Obligations Several, Not Joint................................................................... 28 SECTION 2.07. Replacement of Lenders........................................................................... 28 SECTION 2.08. Letters of Credit................................................................................ 28 SECTION 2.09. Evidence of Debt................................................................................. 32
Interest Election. 15 SECTION 2.03
Interest Election. If, following the conversion of the Term Loan into a Base Rate Loan pursuant to Section 2.10 or 2.11, the Agent determines (which determination shall be conclusive and binding upon the Borrower) that it is possible to ascertain LIBOR or that it is no longer unlawful to maintain or continue the Term Loan as a Eurodollar Loan, as the case may be, then the Agent shall promptly notify the Borrower and the Lenders of such determination. Following such determination and notice, the Borrower shall have the right to convert the Term Loan from a Base Rate Loan to a Eurodollar Loan in accordance with the provisions of this Section 2.02. To make an election pursuant to this Section 2.02, the Borrower shall give the Agent prior written notice (or telephonic notice promptly confirmed in writing) that the Term Loan is to be converted into a Eurodollar Loan prior to 2:00 p.m. (Atlanta, Georgia time) three (3) Business Days prior to such conversion. Such notice of conversion shall be irrevocable and shall specify the effective date of the election.
Interest Election. The Tranche B-2 Term Loan Lenders and the Borrower hereby agree that, and select, the same Interest Period with respect to the Tranche B-2 Term Loans as was applicable to the Tranche B Term Loans immediately prior to the First Amendment Effective Date. Each Exchanging Tranche B Term Loan Lender hereby waives the provisions of Section 2.19(c) of the Credit Agreement requiring indemnification from any loss or expense that such Exchanging Tranche B Term Loan Lender may sustain or incur as a consequence of the exchanging of Tranche B Term Loans for Tranche B-2 Term Loans that are Eurodollar Loans in the event the First Amendment Effective Date is not the last day of and Interest Period with respect thereto.
Interest Election. Each Loan shall be an ABR Borrowing unless five (5) days prior to the commencement of any Interest Calculation Period the Administrative Borrower delivers an Interest Election Request to the Administrative Agent stating that all Loans and Borrowings during the following Interest Calculation Period shall be Eurodollar
Interest Election. At least one Business Day prior to the Amendment No. 2 Effective Date, the Borrower shall have delivered to the Administrative Agent an Interest Election Request with respect to the Term Loans after giving effect to this Amendment.
Interest Election. Except as hereinafter provided, the Term Loans shall, at the option of the Parent Borrower, be incurred and maintained as, and/or converted into, ABR Loans or Eurocurrency Loans.
Interest Election. (a) Unless otherwise elected by the Borrower, all RC Loans shall be Base Rate Loans.
