Quoted Rate Loans. Each request for a Borrowing of ----------------- Quoted Rate Loans shall be received by the Bank from an Authorized Officer of the Company on or before 11:00 a.m., Chicago, Illinois time, on the Banking Day of the requested Borrowing. Each request shall specify (i) the amount of requested Borrowing and (ii) the initial Interest Period for such Borrowing. Each such request shall be deemed to constitute a request to receive by telephone, from the Bank, a quotation of the interest rate that would be applicable to the Borrowing of Quoted Rate Loans identified in such borrowing request for the Interest Period specified therein. If such interest rate is satisfactory to the Company an Authorized Officer of the Company shall, no later than 11:00 a.m. Chicago, Illinois time, on such date, so indicate. Such indication by an Authorized Officer of the Company shall constitute an irrevocable request that such Borrowing of Quoted Rate Loans be made at the rate the Bank quoted or would have quoted to the Company at the time of such indication of acceptance, it being understood that the Bank does not guarantee that the interest rate quoted with respect to a particular requested Borrowing of Quoted Rate Loans shall continue to be available if such rate is not accepted by an Authorized Officer of the Company at the time of quotation.
Quoted Rate Loans. That portion of the Loans maintained from time to time as Quoted Rate Loans shall accrue and bear interest, during each Interest Period applicable thereto, at a rate per annum equal to the Quoted Rate in effect for such Interest Period.
Quoted Rate Loans. (i)Not later than 10:30 a.m., Chicago time, on any Business Day after the initial Closing Date, a Borrower may submit a Notice of Borrowing to the Bank requesting a Quoted Rate Loan. Each such Notice of Borrowing shall specify the date on which the Quoted Rate Loan is requested, the amount of such Loan (such amount being at least $250,000 and being an integral multiple of $50,000) and the Quoted Rate Interest Period applicable thereto. All Quoted Rate Loans must be denominated in Dollars.
Quoted Rate Loans. Subject to subsection (d) below, while any outstanding principal of a Loan constitutes a Quoted Rate Loan, the outstanding principal balance thereof shall bear interest at an annual rate at all times equal to the Quoted Rate applicable to such Quoted Rate Loan.
Quoted Rate Loans. From time to time the Borrower may request that any Bank or Banks, at the option of each, offer to make Loans to the Borrower under this Agreement at any time prior to the Termination Date, bearing interest at such rates (other than those provided for in Section 2.10 hereof), and for such Interest Period(s), as may be specified by the Bank in its offer. Each such Loan shall be due and payable on the last day of the Interest Period therefor and shall have such other terms as may be set forth in the Bank's offer. If the Borrower accepts any such offer within the time period for acceptance specified therein and such Loan is made by the Bank to the Borrower, such Loan (a "Quoted Rate Loan") shall be advanced pursuant to Section 2.04 and shall constitute a "Loan" for all purposes of, and shall be governed by, this Agreement, except to the extent the terms specifically applicable to such Loan are inconsistent with the provisions of this Agreement. The Borrower shall give the Agent notice of each Quoted Rate Loan, specifying the name of the lending Bank and the amount, interest rate and Interest Period of the Loan to be made by such Bank. Such notice must be received by the Agent, not later than 1 p.m. New York, New York time on the Banking Day on which the Loan is to be made. Each Quoted Rate Loan made by each Bank shall be deemed a separate "type" of Loan and Quoted Rate Loans shall be excepted from the pro rata borrowing and payment requirements of Section 10.16. No Quoted Rate Loan shall be deemed to utilize the individual Commitment of the lending Bank, but it shall be deemed to utilize the aggregate amount of the Commitments of all of the Banks as then in effect. Consequently, although a Bank may have one or more Quoted Rate Loans outstanding at any one time, its obligation to make Variable Rate Loans and Eurodollar Loans shall not be affected thereby, and it shall be required to advance its pro rata share of the Loans of such other types as provided in this Agreement, even though the aggregate unpaid principal balance of its outstanding Loans will thereafter exceed the amount of its Commitment. However, the aggregate unpaid principal balance of all outstanding Loans shall at no time exceed the aggregate amount of the Commitments of all of the Banks, as then in effect.
Quoted Rate Loans. Subject to the other provisions of this Agreement, a Borrower may elect (a) TO CONTINUE all or any portion of any outstanding Quoted Rate Loans from the current Interest Period of such Loans into a subsequent Interest Period to begin on the last day of such current Interest Period and in the same currency, (b) TO CONVERT all or any portion of any outstanding Eurodollar Rate Loans or Eurocurrency Rate Loans to Quoted Rate Loans, such conversion to occur on the last day of the then current Interest Period of the Loans being converted, or (c) TO CONVERT all or any portion of any outstanding Reference Rate Loans into Quoted Rate Loans. If the Company desires to continue or convert outstanding Loans as or into Quoted Rate Loans, the Company shall give the Agent prior telephonic notice (promptly confirmed in writing) from an Authorized Corporate Official of the Company of a requested continuation or conversion under this SECTION 2.4.2, specifying the Borrower, the date, amount and Type of Loans to be continued or converted, the applicable Interest Periods and requesting that the Agent provide the Company by telephone a quotation of the interest rate(s) that would be applicable to the requested Quoted Rate Loans for Interest Period(s) of a duration designated by such Authorized Corporate Official and commencing (a) on the last day of the current Interest Period in the case of outstanding Fixed Rate Loans or (b) on the date such rate quotation is requested in the case of outstanding Reference Rate Loans. Each such notice and request from the Company, to be effective, must be received by the Agent not later than 11:00 a.m., Chicago, Illinois time on the Banking Day such conversion into or continuation of Quoted Rate Loans is to occur. If such interest rate is satisfactory to the Company an Authorized Corporate Official of the Company shall, no later than 11:00 a.m. Chicago, Illinois time, on such date, so indicate. Such indication by an Authorized Corporate Official of the Company shall constitute an irrevocable request that the requested continuation of or conversion into Quoted Rate Loans be consummated at the rate the Agent quoted or would have quoted to the Company at the time of such indication of acceptance, IT BEING understood that the Agent and the Lenders do not guarantee that the interest rate quoted with respect to a particular requested conversion of or continuation into Quoted Rate Loans shall continue to be available if such rate is not accepted by an...
Quoted Rate Loans. Each Swingline Loan that is a Quoted Rate Loan shall bear interest at a per annum rate equal to the Quoted Rate applicable thereto. Interest on Swingline Loans shall be payable in arrears on each applicable Interest Payment Date (and at such other times as may be specified herein).
Quoted Rate Loans. Except for required monthly installments of principal as set forth in Section 4.1, the Company may not prepay any portion of the Term Loan or an Equipment Term Loan that bears interest at a Quoted Rate.
Quoted Rate Loans. The principal amount of any Quoted Loan shall be in an amount equal to $2,000,000 or a higher integral multiple of $500,000. The Borrower shall give notice to the Administrative Agent of each proposed Borrowing that is to bear interest initially at a Quoted Rate not later than 11:00 a.m. (Denver time) on a Business Day that is at least 1 Business Day prior to the proposed date of such Borrowing.
Quoted Rate Loans. Provided that no Default has occurred hereunder, the Borrower may request that the Bank make Revolving Credit Loans to the Borrower under this Agreement at any time prior to the Termination Date, bearing interest at the Quoted Rate during any Interest Period. At the end of each Interest Period, the Borrower may repay the Quoted Rate Loan in whole or in part and/or elect to renew the Quoted Rate Loan for an additional Interest Period at a new Quoted Rate by giving the notice required by Section 2.4. Any Quoted Rate Loan that is not so renewed, shall automatically convert to a Prime Rate Loan at the end of the applicable Interest Period. Each Quoted Rate Loan shall constitute a "Revolving Credit Loan" for all purposes of, and shall be governed by, this Agreement. The Borrower shall give the Bank notice of each Quoted Rate Loan as provided in Section 2.4. Each Revolving Credit Loan which is not a Quoted Rate Loan shall be a Prime Rate Loan.
