Common use of Method of Selecting Types and Interest Periods for Ratable Advances Clause in Contracts

Method of Selecting Types and Interest Periods for Ratable Advances. The Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto, from time to time. The Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and at least three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, if Borrower has requested a Competitive Bid Advance, a Ratable Borrowing Notice for a Floating Rate Advance may be given not later than 15 minutes after the time which the Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 15 minutes after the time the Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section 2.3.6. A Ratable Borrowing Notice shall specify:

Appears in 2 contracts

Samples: Credit Agreement (Amli Residential Properties Trust), Ratable Note (Amli Residential Properties Trust)

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Method of Selecting Types and Interest Periods for Ratable Advances. The Each applicable Borrower shall select the Type of Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto, thereto from time to time. The Such Borrower shall give the Agent irrevocable notice (a "Ratable Borrowing NoticeRATABLE BORROWING NOTICE") not later than 10:00 a.m. (Chicago time) at least one Business Day before the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, if Borrower has requested a Competitive Bid Advance, a Ratable Borrowing Notice for a Floating Rate an ABR Advance may be given by a Borrower not later than 15 minutes after the time which the such Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section SECTION 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given not later than 15 minutes after the time the such Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section SECTION 2.3.6. A Ratable Borrowing Notice shall specify:

Appears in 1 contract

Samples: Credit Agreement (Nationwide Financial Services Inc/)

Method of Selecting Types and Interest Periods for Ratable Advances. The applicable Borrower shall select the Type of each Ratable Advance and, in the case of each Eurodollar Ratable Advance, the Eurodollar Interest Period applicable thereto, to such Ratable Advance from time to time. The Such Borrower shall give the Administrative Agent irrevocable notice (a "Ratable Borrowing Notice") not later than 10:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each Floating Alternate Base Rate Advance (other than a Swing Line Loan) and at least three Business Days before the Borrowing Date for each Eurodollar Ratable Advance. Notwithstanding the foregoing, if Borrower has requested a Competitive Bid Advance, a Ratable Borrowing Notice for a Floating an Alternate Base Rate Advance may be given by the applicable Borrower not later than 15 30 minutes after the time which the applicable Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 and a Ratable Borrowing Notice for a Eurodollar Ratable Advance may be given by the applicable Borrower not later than 15 30 minutes after the time the applicable Borrower is required to reject one or more bids offered in connection with a Eurodollar Auction pursuant to Section 2.3.6. A Ratable Borrowing Notice shall specify:

Appears in 1 contract

Samples: Credit Agreement (Midas Inc)

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Method of Selecting Types and Interest Periods for Ratable Advances. The Borrower Company shall select the Type of Ratable Advance and, in the case of each Eurodollar Eurocurrency Ratable Advance, the Eurodollar Interest Period and Agreed Currency applicable thereto, thereto from time to time. Floating Rate Advances may only be denominated in Dollars. The Borrower Company shall give the Agent irrevocable notice (a "β€œRatable Borrowing Notice"”) substantially in the form of Exhibit C hereto, or if the Borrower is a Borrowing Subsidiary, the Company shall, on behalf of such Borrowing Subsidiary, give a Ratable Borrowing Notice, not later than 10:00 a.m. (Chicago time) at least one Business Day before on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and at least Advance, three Business Days before the Borrowing Date for each Eurodollar Eurocurrency Ratable AdvanceAdvance denominated in Dollars and four Business Days before the Borrowing Date for each Eurocurrency Ratable Advance denominated in an Agreed Currency other than Dollars. Notwithstanding the foregoing, if Borrower has requested a Competitive Bid Advance, a Ratable Borrowing Notice for a Floating Rate Advance may be given by a Borrower not later than 15 minutes after the time which the such Borrower is required to reject one or more bids offered in connection with an Absolute Rate Auction pursuant to Section 2.3.6 2.4.6 and a Ratable Borrowing Notice for a Eurodollar Eurocurrency Ratable Advance may be given not later than 15 minutes after the time the such Borrower is required to reject one or more bids offered in connection with a Eurodollar Eurocurrency Auction pursuant to Section 2.3.62.4.6. A Ratable Borrowing Notice shall specify:

Appears in 1 contract

Samples: Assignment and Assumption (Illinois Tool Works Inc)

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