Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8), as follows:
Appears in 17 contracts
Samples: Credit Agreement (Us West Inc), Credit Agreement (Quaker State Corp), Five Year Credit Agreement (Commercial Credit Co)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8)VIII), as follows:
Appears in 9 contracts
Samples: Revolving Credit Bridge Agreement (Equity Residential), Revolving Credit Agreement (Equity Residential), Assignment and Assumption Agreement (Smith Charles E Residential Realty Lp)
Method of Electing Interest Rates. (a) The Loans included in each Committed Syndicated Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8)8 and the last sentence of this subsection (a)), as follows:
Appears in 7 contracts
Samples: Credit Agreement (Imc Global Inc), Year Credit Agreement (Duke Energy Corp), Credit Agreement (Universal Health Services Inc)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.05(d) and the provisions of Article 8), as follows:
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Marsh & McLennan Companies Inc), Credit Agreement (Marsh & McLennan Companies Inc), Assignment and Assumption Agreement (Marsh & McLennan Companies Inc)
Method of Electing Interest Rates. (aa ) The Loans Loan included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.14(d) and the provisions of Article 8), as follows:
Appears in 1 contract
Samples: Bridge Loan Agreement (Pentair Inc)
Method of Electing Interest Rates. (al) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8)VIII), as follows:
Appears in 1 contract
Samples: Senior Term Loan Agreement (Merry Land Properties Inc)
Method of Electing Interest Rates. (a) The Loans included in each Committed Syndicated Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8), as follows:.
Appears in 1 contract
Samples: Credit Agreement (Duke Capital Corp)
Method of Electing Interest Rates. (a) The Dollar- Denominated Loans included in each Committed Syndicated Borrowing shall bear interest initially at be of the type of rate Type specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type Type of interest rate borne by each such Group of Loans (subject in each case to subsection 2.16(d) of this Section and the provisions of Article 8), as follows:
Appears in 1 contract
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the relevant Borrower in the applicable Notice of Committed Borrowing. Thereafter, the relevant Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8), as follows:
Appears in 1 contract
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the applicable Borrower in the applicable Notice of Committed Borrowing. Thereafter, the applicable Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.07(d) and the provisions of Article 8)VIII), as follows:
Appears in 1 contract
Samples: Credit Agreement (Aes Corporation)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the applicable Borrower in the applicable Notice of Committed Borrowing. Thereafter, the applicable Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to Section 2.07(d) and the provisions of Article 8), as follows:
Appears in 1 contract
Samples: Credit Agreement (Aes Corporation)
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at be of the type of rate Type specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type Type of interest rate borne by each such Group of Loans (subject in each case to SUBSECTION 2.16(d) of this Section and the provisions of Article ARTICLE 8), as follows:
Appears in 1 contract
Samples: Day Revolving Credit Agreement (Tyco International LTD /Ber/)
Method of Electing Interest Rates. (a) The Dollar-Denominated Loans included in each Committed Syndicated Borrowing shall bear interest initially at be of the type of rate Type specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type Type of interest rate borne by each such Group of Loans (subject in each case to subsection 2.16(d) of this Section and the provisions of Article 8), as follows:
Appears in 1 contract
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at be of the type of rate Type specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type Type of interest rate borne by each such Group of Loans (subject in each case to subsection 2.16(d) of this Section and the provisions of Article 8), as follows:
Appears in 1 contract
Method of Electing Interest Rates. (a2.15(a) The Loans included in each Committed Borrowing shall bear interest initially at be of the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by Loans in each Group of Loans (Loans, subject in each case to the provisions of Article 8)8, as follows:
Appears in 1 contract
Samples: Security Agreement (Holly Corp)
Method of Electing Interest Rates. (a) The Dollar-Denominated Loans included in each Committed Syndicated Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Dollar-Denominated Loans (subject in each case to the provisions of Article 8)8 and subsection 2.10(d)), as follows:
Appears in 1 contract
Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at be of the type of rate Type specified by the Borrower in the applicable Notice of Committed Borrowing. Thereafter, the Borrower may from time to time elect to change or continue the type Type of interest rate borne by each such Group of Loans (subject in each case to SUBSECTION 2.16(D) of this Section and the provisions of Article ARTICLE 8), as follows:
Appears in 1 contract
