Fixed Rate Request definition

Fixed Rate Request. Borrower’s telephonic notice (to be promptly confirmed in writing which must be received by Lender before such Fixed Rate Request will be put into effect by Lender), to be received by Lender by 12 o’clock Noon (Central Standard Time) 3 Fixed Rate Business Days prior to the Fixed Rate Business Day specified in the Fixed Rate Request for the commencement of the Interest Period, of the Fixed Rate and Interest Period desired by Borrower in respect to a Fixed Rate Request Amount.

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Fixed Rate Request means the request of Borrower made pursuant to Section 2.3 hereof to have all or any portion of the outstanding Loan bear interest at the rate set forth in Section 2.2(a)(i) hereof.

Fixed Rate Request shall have the meaning set forth in Subsection 5.1.2.

Examples of Fixed Rate Request in a sentence

• If at any time subsequent to the giving of such notice, Lender determines that because of a change in circumstances the Fixed Rate is again available to Borrower hereunder, ▇▇▇▇▇▇ will so advise ▇▇▇▇▇▇▇▇ and Borrower may convert the rate of interest payable hereunder from the Commercial Based Rate to a Fixed Rate by submitting a Fixed Rate Request to Lender and otherwise complying with the provisions of this Note with respect thereto.

• From time to time, and so long as no Event of Default has occurred and is continuing, at the request of Borrower ("Fixed Rate Request"), all or any part of the outstanding principal balance under the Notes may bear interest at the LIBO Rate ("Fixed Rate Loans").

• The Fixed Rate Request must specify the principal amount that is to bear interest at the LIBO Rate and the Fixed Rate Period selected by Borrower.

• If subsequently Lender determines that such Regulation has ceased to be in effect, Lender will so advise Borrower and Borrower may convert the rate of interest payable hereunder with respect to those portions of the Principal Amount bearing interest at the Commercial Based Rate to a Fixed Rate by submitting a Fixed Rate Request in respect thereof and otherwise complying with the provisions of this Note with respect thereto.

• The Fixed Rate Request must be made to Agent in writing on any Business Day and is effective as of the third Business Day after the Fixed Rate Request is received if received by Agent no later than 12 noon Central Time or as of the fourth Business Day if received later than 12 noon Central Time.

• The Loan shall initially bear interest as a Fixed Rate Loan for an Interest Period of 90 days and Borrower shall not be required to submit a Fixed Rate Request for such initial Interest Period.

• The Interest Period for any Fixed Rate Portion shall commence on the Effective Date of such Fixed Rate Portion as specified in the Fixed Rate Request applicable thereto and shall continue for the applicable Interest Period specified in such Fixed Rate Request.

• Upon the expiration of the Interest Period for any Fixed Rate Portion, unless Bank has received from Borrower a new Fixed Rate Request with respect thereto, such Fixed Rate Portion shall be converted automatically to a Prime Rate Portion.

• From time to time, and so long as no Event of Default has occurred and is continuing, at the request of Borrower ("Fixed Rate Request"), all or any part of the outstanding principal balance under the Promissory Notes may bear interest at the Fixed Rate ("Fixed Rate Loans"), provided however that at least fifty percent (50%) of the outstanding principal balance under the Promissory Notes must bear interest at the Fixed Rate through and including September 30, 1996 ("Fixed Rate Requirement").

• Borrower may request that all or any portion of the outstanding Loan bear interest at the rate set forth in Section 2.2(a)(i) for a specified Interest Period by delivering to the Bank a Fixed Rate Request, not later than 10:00 a.m. Atlanta, Georgia time, at least three (3) Business Days prior to the Effective Date of the change to such rate.

More Definitions of Fixed Rate Request

Fixed Rate Request means a request for a fixed rate substantially in the form of Schedule 3, Part 2 (Form of Fixed Rate Request).

Fixed Rate Request is defined in Section 3.4(b) of the Participation Agreement.

Fixed Rate Request is defined in Section 3.5(b) of the Participation Agreement.

Fixed Rate Request means written notice by the Company that it elects to have all or a portion of the outstanding principal amount of this Note bear interest at a Fixed Rate, which notice shall specify the principal amount of such Fixed Rate Loan and the duration of the Fixed Rate Interest Period.

Fixed Rate Request means a notice in writing (or by telephonic communication confirmed by telex, telecopy or other facsimile transmission on the same day as the telephone request) delivered by the Company to the Bank requesting that interest on the entire outstanding principal amount of the Term Loan be based on the Fixed Quoted Rate, and (b) "FIXED QUOTED RATE" shall mean an interest rate quoted by the Bank as its Cost of Funds for fixed quoted rate loans with a four-year maturity, which rate shall not necessarily be the rate made available by the Bank for fixed quoted rate loans made to other borrowers and shall be quoted to the Company by the Bank upon request by the Company.

Fixed Rate Request shall have the meaning given to that term in Subparagraph 2.03(a) of the Lease Agreement.