Common use of Interest Election Notice Clause in Contracts

Interest Election Notice. To make an election pursuant to this Section, Borrowers shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the proposed effective date of such election and (ii) in the case of an election for conversion to an ABR Borrowing, not later than 9:00 a.m., New York City time, on the Business Day prior to the proposed effective date of such election. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

Appears in 1 contract

Samples: Credit Agreement (USA Mobility, Inc)

AutoNDA by SimpleDocs

Interest Election Notice. To make an election pursuant to this SectionSection 2.08, Borrowers Borrower shall deliver, by hand delivery delivery, e-mail or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the proposed effective date of such election and (ii) in the case of an election for conversion to an ABR Borrowing, not later than 9:00 a.m., New York City time, on the Business Day prior to the proposed effective requested date of such electionany continuation of Eurodollar Loans or any conversion of ABR Loans to Eurodollar Loans. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, Inc.)

Interest Election Notice. To make an election pursuant to this Section, Borrowers Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, (i) three (3) Business Days before the proposed effective date of such election conversion or continuation, in the case of Eurodollar Loans, and (ii) in the case of an election for conversion to an ABR Borrowing, not later than 9:00 a.m., 11:00 a.m. New York City time, on the Business Day prior to the proposed effective date of such electionconversion or continuation, in the case of ABR Loans. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information 38669945_32 in compliance with Section 2.02:

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies, Inc.)

Interest Election Notice. To make an election pursuant to this Section, Borrowers Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, (i) three (3) Business Days before the proposed effective date of such election conversion or continuation, in the case of Eurodollar Loans, and (ii) in the case of an election for conversion to an ABR Borrowing, not later than 9:00 a.m., 11:00 a.m. New York City time, on the Business Day prior to the proposed effective date of such electionconversion or continuation, in the case of ABR Loans. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

Appears in 1 contract

Samples: Credit Agreement (Norcraft Companies Lp)

AutoNDA by SimpleDocs

Interest Election Notice. To make an election pursuant to this SectionSection 2.07, Borrowers the Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before prior to the proposed effective date end of such election the then applicable Interest Period, in the case of a Eurodollar Loan, or and (ii) in the case of an election for conversion to an ABR BorrowingLoan, not later than 9:00 a.m., 12:00 Noon (New York City time), on the at least one Business Day prior to the proposed effective desired date of such electionconversion to or continuation of a Eurodollar Loan. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

Appears in 1 contract

Samples: Term Loan Agreement (Nabors Industries LTD)

Interest Election Notice. To make an election pursuant to this SectionSection 2.09, Borrowers the Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Interest Election Request to the Administrative Agent (i) in the case of an election for conversion to a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before prior to the proposed effective date end of such election the then applicable Interest Period, in the case of a Eurodollar Loan, or and (ii) in the case of an election for conversion to an ABR BorrowingLoan, not later than 9:00 a.m., 12:00 Noon (New York City time), on the at least one Business Day prior to the proposed effective desired date of such electionconversion to or continuation of a Eurodollar Loan. Each Interest Election Request shall be irrevocable. Each Interest Election Request shall specify the following information in compliance with Section 2.02:

Appears in 1 contract

Samples: Term Loan Agreement (Nabors Industries LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.