Interest Election definition

Interest Election means an election by the Borrower to change or continue the Interest Type of a Borrowing in accordance with Section 2.07.

Interest Election means an election by the Borrower Agent, for and on behalf the Borrowers, to change or continue the Interest Type of a Borrowing in accordance with Section 2.07.

Interest Election. Request is submitted for the purpose of:

Examples of Interest Election in a sentence

• The Administrative Agent shall advise each applicable Lender of the details of an Interest Election Request and such Xxxxxx’s portion of such resulting Borrowing no less than one Business Day before the effective date of the election made pursuant to such Interest Election Request.

• Each such notice shall be in the form of a written Interest Election Request, appropriately completed and signed by a Authorized Officer of the Borrower and must be received by the Administrative Agent not later than the time that a Notice of Borrowing would be required under Section 2.4 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election.

• Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Xxxxxx’s portion of each resulting Borrowing.

• This election shall be effective for a ____ (select 1, 3 or 6 month period), commencing on _____________, 20__ (an RFR Business Day not less than three (3) RFR Business Days nor more than five (5) RFR Business Days from the date of submission of this Interest Election Form and Certification), and expiring on _______________, 20___ (not later than the Maturity Date).

• Each such written Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

More Definitions of Interest Election

Interest Election has the meaning provided in Section 2.04(a).

Interest Election shall have the meaning assigned to such term in Section 2.06.

Interest Election means an Interest Election substantially in the form of Exhibit B-2.

Interest Election shall have the meaning set forth in Section 2.4(a) hereof.

Interest Election has the meaning ascribed to it in Section 1.5(a).

Interest Election is defined in Section 2.10(b).

Interest Election has the meaning set forth in Section 5 of this Third Supplement.