Common use of Selection of Libor Interest Periods Clause in Contracts

Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.4, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 or elects to Rollover a Libor Loan pursuant to Section 3.13, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.4, select and notify the Agent at the Agent’s Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 2 contracts

Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)

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Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.4, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 or elects to Rollover a Libor Loan pursuant to Section 3.13, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.4, select and notify the Agent at the Agent’s 's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 2 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.4, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 3.11 or elects to Rollover a Libor Loan pursuant to Section 3.133.12, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.4, select and notify the Agent at the Agent’s 's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.43.3, elects to convert a Borrowing U.S. Base Rate Loan into a Libor Loan pursuant to Section 3.12 3.7 or elects to Rollover a Libor Loan pursuant to Section 3.133.8, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.43.3, select and notify the Agent at the Agent’s 's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 1 contract

Samples: Credit Agreement (Prima Energy Corp)

Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.43.5, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 3.18 or elects to Rollover a Libor Loan pursuant to Section 3.133.19, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.43.5, select and notify the Agent at the Agent’s 's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 1 contract

Samples: Credit Agreement (Prima Energy Corp)

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Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.43.3, elects to convert a Borrowing into a Libor Loan pursuant to Section 3.12 3.9 or elects to Rollover a Libor Loan pursuant to Section 3.133.10, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.43.3, select and notify the Agent at the Agent’s Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Day) applicable to such Libor Loan.

Appears in 1 contract

Samples: Credit Agreement (Pengrowth Energy Trust)

Selection of Libor Interest Periods. If the Borrower elects to borrow by way of a Libor Loan pursuant to Section 3.4, elects to convert a Borrowing an Accommodation into a Libor Loan pursuant to Section 3.12 3.10 or elects to Rollover a Libor Loan pursuant to Section 3.133.11, the Borrower shall, prior to the beginning of the Libor Interest Period applicable to such Libor Loan, in accordance with the same period of notice required for the initial drawdown of a Libor Loan as set forth in Section 3.4, 3.4 select and notify the Agent at the Agent’s 's Branch of Account in writing, of the Libor Interest Period (which shall begin and end on a Business Banking Day) applicable to such Libor Loan.

Appears in 1 contract

Samples: Credit Agreement (Keyspan Corp)

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