Common use of Selection of Interest Periods Clause in Contracts

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, such other period as the Borrowers may select and the Agent may agree in its absolute discretion, acting on the instructions of the Majority Banks.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Payment Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Payment Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree, and if the Borrower wishes to specify an Interest Period of more than 12 months, it must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree, and if the Borrowers wishes to specify an Interest Period of more than 12 months, it must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Payment Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Payment Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree, and if the Borrowers wishes to specify an Interest Period of more than 12 months, it must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent Lender not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3)) months, six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent Lender may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent Lender not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other shorter period as the Borrowers Borrower may select and the Agent Lender may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), ) months or six (6), nine (9) or twelve (12) months or, subject to availability, such other period as the Borrowers may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent Lender not later than 10:00 a.m. on the second Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1), three (3), ) or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent Lender may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent Lender not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3)) months, six (6)) months, nine (9) months or twelve (12) months or, subject to availability, such other period as the Borrowers may select and the Agent Lender may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent may agree Lenders may, in its absolute their complete discretion, acting on agree, and if the instructions Borrowers wish to specify an Interest Period of the Majority Banksmore than 12 months, they must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or (with the prior agreement of the Lenders) one (1) month or such other period as the Borrowers may select and the Agent may agree Lenders may, in its absolute their complete discretion, acting on agree, and if the instructions Borrowers wish to specify an Interest Period of the Majority Banksmore than 12 months, they must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Payment Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Payment Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1) month, three (3), ) months or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority Banks) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or (with the prior agreement of all the Lenders) such other period as the Borrowers may select and the Agent may agree Lenders may, in its absolute their complete discretion, acting on agree, and if the instructions Borrowers wish to specify an Interest Period of the Majority Banksmore than 12 months, they must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, such other period as the Borrowers may select and the Agent may agree in its absolute discretion, acting on the instructions of the Majority Banks.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), ) months or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree Lenders may, in its absolute their complete discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1) month, three (3)) months, six (6)) months, nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree and the Borrower may select no more than three Interest Periods having a duration of one (1) month period in any calendar year.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, such other period as the Borrowers may select and the Agent may agree in its absolute discretion, acting on the instructions of the Majority Banks.twelve

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3)) months, six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent may agree Lenders may, in its absolute their complete discretion, acting on agree, and if the instructions Borrowers wish to specify an Interest Period of the Majority Banksmore than 12 months, they must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent Bank not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1) month, three (3), ) months or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent Bank may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other longer period as the Borrowers may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree, and if the Borrowers wish to specify an Interest Period of more than 12 months, they must give at least 5 Banking Days prior notice thereof.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3)) months, six (6)) months, nine (9) or months, twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority Banks.) may agree, and notwithstanding the above the Borrower may select Interest Periods of longer than 12 months, on terms that:

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent Lender not later than 10:00 a.m. on the second Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1), three (3), ) or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent Lender may agree in its absolute discretion, acting on the instructions of the Majority Banksagree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority Banks) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3)) months, six (6)) months, nine (9) or months, twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers may by notice received by the Agent not later than 10:00 a.m. on the second third Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of one (1) month, three (3)) months, six (6)) months, nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers may select and the Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree and the Borrowers may select no more than three Interest Periods having a duration of one (1) month period in any calendar year.

Selection of Interest Periods. Subject to clause 3.3, the Borrowers Borrower may by notice received by the Payment Agent not later than 10:00 a.m. on the second fourth Banking Day before the beginning of each Interest Period specify whether such Interest Period shall have a duration of three (3), ) or six (6), nine (9) or twelve (12) months or, subject to availability, or such other period as the Borrowers Borrower may select and the Payment Agent may agree in its absolute discretion, (acting on the instructions of the Majority BanksLenders) may agree.