LIBOR Periods. At the time the Borrower gives a Notice of Borrowing or a Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Rate Loans (in the case of the initial LIBOR Period applicable thereto) or prior to 1:00 p.m. (New York time) on the third (3rd) Business Day (and in any event, on not more than ten (10) Business Days’ notice) prior to the expiration of an LIBOR Period applicable to a Borrowing of LIBOR Rate Loans, the Borrower shall have, by giving the Administrative Agent written notice the right to elect the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be a one, two, three or six month period (or, if available to all relevant affected Lenders, a twelve month period):
LIBOR Periods. The Borrower may select, by irrevocable notice to the Agent, LIBOR Periods of 1, 2, 3 or 6 months to apply to any particular LIBOR Advance. LIBOR Periods of other lengths shall also be available at the discretion of the Lenders from time to time, but there shall not at any time be LIBOR Advances outstanding with more than 6 different maturity dates. No LIBOR Period may end on a date which is not a Business Day or after the Maturity Date. The Borrower shall from time to time select and give notice to the Agent of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or on the date of the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is being rolled over. If the Borrower fails to select and give the Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 5.3, the Lenders shall be deemed to have made a Base Rate Advance to the Borrower to replace the maturing LIBOR Advance, unless such LIBOR Advance is repaid by the Borrower at the end of the applicable LIBOR Period.
LIBOR Periods. The Borrower may select, by irrevocable notice to the Agent, LIBOR Periods of one, two, three or six months to apply to any particular LIBOR Advance, provided that the Agent, in circumstances of market disruption or illiquidity, shall have the discretion to restrict the LIBOR Period. LIBOR Periods of other lengths shall also be available at the discretion of the Lenders from time to time. No LIBOR Period may end on a date which is not a Business Day or on a date which is later than the date on which the principal amount of any Credit is required to be reduced (in whole or in part) if that would adversely affect the Borrower's ability to cause the reduction of the Credit in question. The Borrower shall from time to time select and give notice to the Agent of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is being rolled over. If the Borrower fails to select and give the Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 5.6, the Lenders shall be deemed to have made a Base Rate Advance to the Borrower to replace the maturing LIBO Rate Advance. A rollover of a LIBOR Advance does not constitute a new advance of funds by the Lenders, but rather an adjustment of the basis on which interest is charged.
LIBOR Periods. At the time the Borrower gives a Notice of Borrowing or Notice of Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Loans prior to 10:00 a.m. (New York time) on the third Business Day prior to the applicable date of making or conversion or continuation of such LIBOR Loans, the Borrower shall have the right to elect by giving the Administrative Agent written notice of (or telephonic notice promptly confirmed in writing) the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be one, two, three or six months. Notwithstanding anything to the contrary contained above:
LIBOR Periods. The Borrowers may select, by irrevocable notice to the Agent, LIBOR Periods of one, two, three or six months to apply to any particular LIBOR Advance. LIBOR Periods of other lengths shall be permitted if the relevant Lenders, acting reasonably, determine that deposits for such terms are readily available. No LIBOR Period may end on a date which is not a Business Day, or after the date on which the principal amount of any Credit is required to be reduced (in whole or in part) if that would adversely affect the Borrowers' ability to cause the reduction of the Credit in question. The Borrowers shall from time to time select and give notice to the Agent of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is being rolled over. If a Borrower fails to select and give the Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 8.6, the LIBOR Advance for which the LIBOR Period has ended shall be deemed to be converted to a Base Rate Advance in the relevant Approved Currency. A rollover of a LIBOR Advance does not constitute a new advance of funds by the Lenders, but rather an adjustment of the basis on which interest is charged.
LIBOR Periods. The Borrower may select, by irrevocable notice to the Agent, LIBOR Periods of one to six months to apply to any particular LIBOR Advance. LIBOR Periods of other lengths shall also be available at the discretion of the Lenders from time to time. No LIBOR Period may end on a date which is not a Business Day, or after the Maturity Date. The Borrower shall from time to time select and give notice to the Agent of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is being rolled over. If the Borrower fails to select and give the Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 4.5, the Lenders shall be deemed to have made a Base Rate Advance to the Borrower to replace the maturing LIBOR Advance. The Borrower shall not at any time have LIBOR Advances outstanding with a number of different maturity dates that is greater than 30 minus the number of different maturity dates for the Borrower’s Bankers’ Acceptances that are then outstanding.
LIBOR Periods. The Borrower may select, by irrevocable notice to the Administrative Agent, the LIBOR Period to apply to any particular LIBOR Advance. The Borrower shall from time to time select and give notice to the Administrative Agent in accordance with Section 6.5 of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is the subject of a Rollover. If the Borrower fails to select and give the Administrative Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 6.5, any such LIBOR Advance shall be converted to a U.S. Base Rate Advance, on the last day of the LIBOR Period applicable to such LIBOR Advance.
LIBOR Periods. The Borrower may select, by irrevocable notice to the Agent or the Working Capital hereunder, as the case may be, for LIBOR Advances the LIBOR Period to apply to any particular LIBOR Advance. The Borrower shall from time to time select and give notice to the Agent or the Working Capital Lender, as applicable, of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is the subject of a Rollover. If the Borrower fails to select and give the Agent or the Working Capital Lender, as applicable, notice of a LIBOR Period for a LIBOR Advance in accordance with Section 7.4 any such LIBOR Advance shall be converted to a U.S. Base Rate Advance, on the last day of the LIBOR Period applicable to such LIBOR Advance.
LIBOR Periods. 57 8.10 Termination of LIBOR Advances.............................................57 8.11 Co-ordination of Prime Rate, Base Rate (US) and LIBOR Advances............58 8.12 Execution of Bankers' Acceptances.........................................58 8.13 Reference Lenders.........................................................59 8.14 Sale of Bankers' Acceptances..............................................60 8.15 Size and Maturity of Bankers' Acceptances and Rollovers...................60 8.16 Co-ordination of BA Advances..............................................60 8.17 Payment of Bankers' Acceptances...........................................62 8.18 Deemed Advance - Bankers' Acceptances.....................................62 8.19 Waiver....................................................................63 8.20 Degree of Care............................................................63 8.21 Indemnity.................................................................63 8.22 Obligations Absolute......................................................63 8.23 Shortfall on Drawdowns, Rollovers and Conversions.........................63 8.24 Prohibited Use of Bankers' Acceptances and L/Cs...........................64 8.25 Issuance and Maturity of L/Cs.............................................64 8.26 Payment of L/C Fees.......................................................64 8.27 Payment of L/Cs...........................................................65 8.28 Deemed Advance - L/Cs.....................................................66 8.29 Prohibited Rates of Interest..............................................66 -3- ARTICLE IX REPRESENTATIONS AND WARRANTIES..........................................66 9.1 Representations and Warranties............................................66
LIBOR Periods. 4.6.1 The Borrower may select, by irrevocable notice to the Agent, LIBOR Periods of one to six months, in each case, subject to availability, to apply to any particular LIBOR Advance. LIBOR Periods of other lengths shall also be available at the discretion of the Lenders from time to time. No LIBOR Period may end on a date which is not a Business Day, or after the Credit 1 Maturity Date, Credit 2 Maturity Date or Credit 3 Maturity Date, as applicable. The Borrower shall from time to time select and give notice to the Agent of the LIBOR Period for a LIBOR Advance which shall commence upon the making of the LIBOR Advance or at the expiry of any outstanding LIBOR Period applicable to a LIBOR Advance that is being rolled over. If the Borrower fails to select and give the Agent notice of a LIBOR Period for a LIBOR Advance in accordance with Section 4.3, the Lenders shall be deemed to have made a Base Rate Advance to the Borrower to replace the maturing LIBOR Advance.
