Rate Loan Sample Clauses
Rate Loan. The Administrative Agent shall communicate the information contained in each irrevocable notice delivered by the applicable Borrower pursuant to this Section 2.10 to the other Banks promptly after its receipt of the same. The Interest Period applicable to any LIBO Rate Loan resulting from a continuation or conversion shall be specified by the applicable Borrower in the irrevocable notice of continuation or conversion delivered pursuant to this Section 2.10; provided, however, that if no such Interest Period for a LIBO Rate Loan shall be specified, the applicable Borrower shall be deemed to have selected an Interest Period of one month's duration. For purposes of this Section 2.10, notice received by the Administrative Agent from a Borrower after 10:30 a.m., New York time, on a Business Day shall be deemed to be received on the immediately succeeding Business Day.
Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan. Swing Line Loans shall only be made in Dollars.
Rate Loan. Parent Borrower hereby irrevocably authorizes and directs the Swing Loan Lender to so act on its behalf, and agrees that any amount advanced to the Agent for the benefit of the Swing Loan Lender pursuant to this §2.5(d) shall be considered a Revolving Credit Loan pursuant to §2.
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Rate Loan. The Administrative Agent shall communicate the information contained in each irrevocable notice delivered by FI pursuant to this Section 3.10 to the other Banks promptly after its receipt of the same. The Interest Period applicable to any LIBO Rate Loan resulting from a continuation or conversion shall be specified by FI in the irrevocable notice of continuation or conversion delivered pursuant to this Section 3.10; provided, however, that if no such Interest Period for a LIBO Rate Loan shall be specified, FI shall be deemed to have selected an Interest Period of one month's duration. For purposes of this Section 3.10, notice received by the Administrative Agent from FI after 10:30 a.m., New York time, on a Business Day shall be deemed to be received on the immediately succeeding Business Day.
Rate Loan. If a Borrower shall fail to give notice to the Agent of such a renewal or if a Default or Event of Default shall have occurred and be continuing or if a Borrower by the terms of this Agreement shall not be permitted to renew a Eurocurrency Loan, (A) in the case of a Eurocurrency Loan denominated in Dollars, on the last day of the current Interest Period such Eurocurrency Loan shall automatically become a Variable Rate Loan and (B) in the case of a Eurocurrency Loan denominated in an Alternative Currency, on the last day of the current Interest Period such Eurocurrency Loan shall automatically become a Eurocurrency Loan denominated in the same Alternative Currency having an Interest Period of one month.