to Borrower. If Borrower shall fail to notify Bank of its selected Interest Period for a Libor Loan (including the continuation of an existing Libor Loan or the conversion of a Prime Loan into a Libor Loan), the Borrower shall be deemed to have selected an Interest Period of three (3) months.
Appears in 5 contracts
Samples: Credit Agreement (Tekelec), Credit Agreement (Go2net Inc), Security and Loan Agreement (Myers Steven & Associates Inc)
to Borrower. If Borrower shall fail to notify Bank of its selected Interest Period for a Libor Loan (including the continuation of an existing Libor Loan or the conversion of a Prime Loan into a Libor Loan), the Borrower shall be deemed to have selected an at) Interest Period of three (3) months.
Appears in 1 contract