Interest Option definition

Interest Option means LIBOR or the Reference Rate.

Interest Option has the meaning given such term in Section 2.5(c).

Interest Option means each of LIBOR and the Prime Rate.

Examples of Interest Option in a sentence

• The Administrative Agent shall promptly notify each Lender of the receipt of a Request for Borrowing, a Conversion Notice or a Rollover Notice, the amount of the Borrowing and the amount and currency of such Lender’s Pro Rata Share of the applicable Loans, the date the Borrowing is to be made, the Interest Option selected, the Interest Period selected, if applicable, and the applicable rate of interest.

• If the Borrowers fail to timely give the Administrative Agent the Rollover Notice with respect to any BSBY RateTerm SOFR Loan, the Borrowers shall be deemed to have elected Daily Simple SOFR as the Interest Option with respect to renew such BSBY Rate Loan with an Interest Period of one (1) month.

• At any time, each Loan shall have only one Interest Period and one Interest Option.

• Each Request for Borrowing: (i) shall be furnished to the Administrative Agent no later than the Specified Time; and (ii) must specify: (A) the amount of such Borrowing; (B) the currency of the Borrowing; (C) the Interest Option, if in Dollars; and (iv) the date of such Borrowing, which shall be a Business Day.

More Definitions of Interest Option

Interest Option means any of them.

Interest Option means each of the Eurocurrency Rate and the Base Rate.

Interest Option means SOFR or the Reference Rate.

Interest Option shall have the meaning ascribed to it in Section 2.9(a) hereof.

Interest Option means Borrowers' option to select an Adjusted LIBOR Rate or the Base Rate, as described more fully below.

Interest Option means Daily Simple SOFR or the Reference Rate.

Interest Option shall have the meaning assigned to such term in paragraph 6 hereof.