Common use of Notice of Interest Period Selection Clause in Contracts

Notice of Interest Period Selection. The applicable Borrower shall notify Agent by an irrevocable written notice in a form acceptable to Agent, appropriately completed (a “Notice of Interest Period Selection”), at least four (4) Business Days prior to the last day of each Interest Period for any Borrowing in an Alternative Currency and at least three (3) Business Days prior to the last day of each Interest Period for a Borrowing in Dollars consisting of LIBOR Loans of the Interest Period selected by such Borrower for the next succeeding Interest Period for such Borrowing. Each Notice of Interest Period Selection shall be given by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Agent the original of any Notice of Interest Period Selection initially delivered by facsimile. If any Borrower fails to notify Agent of the next Interest Period for a Borrowing in accordance with this Subparagraph 2.03(b)(ii), the next Interest Period for such Borrowing shall be one (1) month, and if no Currency is specified, then the Borrowing shall be deemed to continue in the same Currency as the existing Loan. Agent shall promptly notify each Lender of the contents of each Notice of Interest Period Selection.

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

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Notice of Interest Period Selection. The applicable Borrower shall notify Agent by an irrevocable written notice in a form acceptable to Agent, appropriately completed (a "Notice of Interest Period Selection"), at least four (4) Business Days prior to the last day of each Interest Period for any Borrowing in an Alternative Currency and at least three (3) Business Days prior to the last day of each Interest Period for a Revolving Loan Borrowing in Dollars consisting of LIBOR Loans or any LIBOR Portion of a Term Loan Borrowing of the Interest Period selected by such Borrower for the next succeeding Interest Period for such BorrowingBorrowing or Portion. Each Notice of Interest Period Selection shall be given by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Agent the original of any Notice of Interest Period Selection initially delivered by facsimile. If any either Borrower fails to notify Agent of the next Interest Period for a Borrowing in accordance with this Subparagraph 2.03(b)(ii), the next Interest Period for such Borrowing shall be one (1) month, and if no Currency is specified, then the Borrowing shall be deemed to continue in the same Currency as the existing Loan. Agent shall promptly notify each Lender of the contents of each Notice of Interest Period Selection.

Appears in 1 contract

Samples: Assignment Agreement (Flextronics International LTD)

Notice of Interest Period Selection. The applicable Borrower shall notify Agent by an irrevocable written notice in a form acceptable to Agent, appropriately completed (a "Notice of Interest Period Selection"), at least four (4) Business Days prior to the last day of each Interest Period for any Borrowing in an Alternative Currency and at least three (3) Business Days prior to the last day of each Interest Period for a Borrowing in Dollars consisting of LIBOR Loans of the Interest Period selected by such Borrower for the next succeeding Interest Period for such Borrowing. Each Notice of Interest Period Selection shall be given by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Agent the original of any Notice of Interest Period Selection initially delivered by facsimile. If any Borrower fails to notify Agent of the next Interest Period for a Borrowing in accordance with this Subparagraph 2.03(b)(ii), the next Interest Period for such Borrowing shall be one (1) month, and if no Currency is specified, then the Borrowing shall be deemed to continue in the same Currency as the existing Loan. Agent shall promptly notify each Lender of the contents of each Notice of Interest Period Selection.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

Notice of Interest Period Selection. The applicable Borrower shall notify Agent by an irrevocable written notice in a form acceptable to Agent, appropriately completed (a "Notice of Interest Period Selection"), at least four (4) Business Days prior to the last day of each Interest Period for any Borrowing in an Alternative Currency and at least three (3) Business Days prior to the last day of each Interest Period for a Revolving Loan Borrowing in Dollars consisting of LIBOR Loans or any LIBOR Portion of a Term Loan Borrowing of the Interest Period selected by such Borrower for the next succeeding Interest Period for such BorrowingBorrowing or Portion. Each Notice of Interest Period Selection shall be given by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Agent the original of any Notice of Interest Period Selection initially delivered by facsimile. If any Borrower fails to notify Agent of the next Interest Period for a Borrowing in accordance with this Subparagraph 2.03(b)(ii), the next Interest Period for such Borrowing shall be one (1) month, and if no Currency is specified, then the Borrowing shall be deemed to continue in the same Currency as the existing Loan. Agent shall promptly notify each Lender of the contents of each Notice of Interest Period Selection.

Appears in 1 contract

Samples: Assignment Agreement (Flextronics International LTD)

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Notice of Interest Period Selection. The applicable Borrower shall notify Agent by an irrevocable written notice in a form acceptable to Agent, appropriately completed (a "Notice of Interest Period Selection"), at least four (4) Business Days prior to the last day of each Interest Period for any Borrowing in an Alternative Currency and at least three (3) Business Days prior to the last day of each Interest Period for a Borrowing in Dollars consisting of LIBOR Loans of the Interest Period selected by such Borrower for the next succeeding Interest Period for such Borrowing. Each Notice of Interest Period Selection shall be given by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Agent the original of any Notice of Interest Period Selection initially delivered by facsimile. If any Borrower fails to notify Agent of the next Interest Period for a Borrowing in accordance with this Subparagraph 2.03(b)(ii), the next Interest Period for such Borrowing shall be one (1) month, month and if no Currency currency is specified, specified then the Borrowing shall be deemed to continue in the same Currency currency as the existing Loan. Agent shall promptly notify each Lender of the contents of each Notice of Interest Period Selection.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

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