Interest Election Notice definition

Interest Election Notice means an Interest Election Notice, delivered by the Administrative Borrower pursuant to Section 2.10, substantially in the form of Exhibit E.

Interest Election Notice shall have the meaning provided in Section 2.8(c).

Interest Election Notice has the meaning assigned to that term in Section 2.06.

Examples of Interest Election Notice in a sentence

• If the Company fails to deliver a Cash Interest Election Notice to the Holder and the Trustee on or prior to the applicable Interest Election Deadline (or such Cash Interest Election Notice elects in part, to pay such Interest in cash), such Interest (or such unpaid portion of Interest on such Interest Date, as applicable) shall be subject to Quarterly Compounding on such Interest Date.

• The Company may elect to effect a Cash Interest Payment with respect to an Interest Date by delivering to the Holder and the Trustee a written notice (each, an “Cash Interest Election Notice”) on or prior to the fifth (5th) Trading Day immediately prior to such applicable Interest Date (the “Interest Election Deadline”) electing to pay such Interest, in whole, or in part, in cash as specified in such Cash Interest Election Notice.

More Definitions of Interest Election Notice

Interest Election Notice means a notice of (a) a conversion of Committed Loans from one Type to the other, or (b) a continuation of Eurodollar Rate Loans, pursuant to Section 2.2(a), which, if in writing, shall be substantially in the form of Exhibit 2.2(a)-2.

Interest Election Notice means a request by the Company to convert or continue a Syndicated Borrowing in accordance with Section 2.10(a), in a form approved by the Administrative Agent.

Interest Election Notice a written notice delivered by the Borrower to the Administrative Agent at least 30 days prior to each Interest Payment Date providing notice that the Borrower has elected to pay PIK Interest on the applicable Interest Payment Date.

Interest Election Notice has the meaning specified in Section 12.01(b).

Interest Election Notice means a notice by a Borrower specifying the duration of an Interest Period in accordance with Section 2.04.

Interest Election Notice as defined in subsection 3.1(b).

Interest Election Notice has the meaning ascribed thereto in Section 2.11(c);