Interest Rate Election Notice definition

Interest Rate Election Notice has the meaning described in Section 2.4.2(e) (Selection of Interest Rates).

Interest Rate Election Notice has the meaning specified in Section 3.03(3).

Interest Rate Election Notice means a notice from the Borrower in substantially the form of Exhibit B hereto.

Examples of Interest Rate Election Notice in a sentence

• If, within the time period required under this SECTION 4.6, the Agent shall not have received an Interest Rate Election Notice from the Borrower of an election to renew a LIBOR Loan for an additional Interest Period, then, upon the expiration of the Interest Period therefor, such LIBOR Loan shall be converted automatically to a Base Rate Loan.

• Upon receipt of a summons and/or complaint arising out of and directly related to the lawful exercise of an Investigator's powers in furtherance of his or her official duties, the officer shall deliver the summons and/or complaint to the Prosecutor within three days of receipt of same.

• The Administrative Agent shall have received, on or before the time required for its receipt pursuant to Section 3.2, an Interest Rate Election Notice with respect to the Bank Project Loan requested to be made on such Borrowing Date, substantially in the form of Exhibit M.

• In the case of a Bank L/C Loan, the Administrative Agent shall have received, on or before the time required for its receipt pursuant to Section 3.2, an Interest Rate Election Notice with respect to such Bank L/C Loan, substantially in the form of Exhibit M.

• Each Interest Rate Election Notice shall specify (A) whether the Bank Loans to be borrowed are to be Eurodollar Loans, C/D Rate Loans, Base Rate Loans or a combination thereof and (B) if such Bank Loans are to be entirely or partly Eurodollar Loans or C/D Rate Loans, the respective amounts of each such Type of Bank Loan and the respective durations of the initial Bank Loan Interest Periods therefor.

More Definitions of Interest Rate Election Notice

Interest Rate Election Notice a written notice by the Borrower delivered in connection with a borrowing of Bank Loans, substantially in the form of Exhibit M to the Project Loan Agreement.

Interest Rate Election Notice shall be given substantially in the form of Schedule 2 and shall be irrevocable and binding upon the applicable Borrower. If the applicable Borrower fails to deliver an Interest Rate Election Notice to the Administrative Agent for any LIBOR Advance as provided in this Section 3.03(3), such LIBOR Advance shall be converted (as of the last day of the applicable Interest Period) to and thereafter shall be outstanding as an ABR Advance in respect of the applicable Borrower. The Borrowers shall not select an Interest Period which conflicts with the definition of Interest Period in Section 1.01 or with the repayment requirements contained in Section 2.05.

Interest Rate Election Notice shall be given substantially in the form of Schedule 2 and shall be irrevocable and binding upon the Borrower. If the Borrower fails to deliver an Interest Rate Election Notice to the Administrative Agent for any SOFR Advance as provided in this Section 3.03(3), such SOFR Advance shall be converted (as of the last day of the applicable Interest Period) to and thereafter shall be outstanding as a Base Rate Advance. The Borrower shall not select an Interest Period which conflicts with the definition of Interest Period in Section 1.01 or with the repayment schedule in Section 2.05.

Interest Rate Election Notice means a notice in the form attached hereto as EXHIBIT D to be delivered by the Borrower to the Agent pursuant to SECTION 3.1(b) and SECTION 4.6.

Interest Rate Election Notice shall be given substantially in the form of Schedule 2 and shall be irrevocable and binding upon the applicable Borrower. If the applicable Borrower fails to deliver an Interest Rate Election Notice to the Agent for any LIBOR Rate Advance as provided in this Section 3.03(2), such LIBOR Rate Advance shall be converted (as of the last day of the applicable Interest Period) to and be outstanding as a Base Rate (Canada) Advance or Base Rate (United States) Advance, as applicable. No Borrower shall select an Interest Period which conflicts with the definition of Interest Period.

Interest Rate Election Notice has the meaning described in Section 2.7.2(e).

Interest Rate Election Notice means a notice substantially in the form of Exhibit “L” attached to this Agreement and as more particularly described in Section 4.3(e).