Notification by Borrower. The Borrower shall notify the Agent, ------------------------ such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of (S)2.7 shall apply mutatis mutandis with ------- -------- respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 5 contracts
Samples: Revolving Credit (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)
Notification by Borrower. The Borrower shall notify the ------------------------ Agent, ------------------------ such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of (S)2.7 shall apply mutatis ------- mutandis with ------- -------- respect to all or any portion of the Term Loan so that the -------- Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)
Notification by Borrower. The Borrower shall notify the ------------------------ Agent, ------------------------ such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of (S)2.7 shall apply mutatis mutandis with ------- -------- respect to all or any portion of the Term Loan so ------- -------- that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc)