Interest Rate Selection Notice definition

Interest Rate Selection Notice means the written notice delivered by an Authorized Representative in connection with the election of a subsequent Interest Period for any Eurodollar Rate Loan or the Conversion of any Eurodollar Rate Loan into a Base Rate Loan or the Conversion of any Base Rate Loan into a Eurodollar Rate Loan, in the form of Exhibit E.

Interest Rate Selection Notice shall have the meaning ascribed thereto in section 2.02(a). Investment shall mean any investment (including, without limitation, any loan or advance) of Borrower or any Subsidiary in or to any Person, whether payment therefor is made in cash or capital stock or other equity interests of Borrower or any Subsidiary, and whether such investment is by acquisition of stock or other equity interests or Indebtedness, or by loan, advance, transfer of property out of the ordinary course of business, capital contribution, equity or profit sharing interest, extension of credit on terms other than those normal in the ordinary course of business or otherwise. Laclede Energy shall mean Laclede Energy Resources, Inc., a Missouri corporation, and a Subsidiary of Borrower.

Interest Rate Selection Notice means a notice in the form attached to this Loan Agreement as Exhibit A, by which the Borrowers shall notify Standard Federal that a Borrowing hereunder shall be a LIBOR Borrowing, specifying the Interest Period and Effective Date applicable to such LIBOR Borrowing and the principal amount of the LIBOR Borrowing.

Examples of Interest Rate Selection Notice in a sentence

• Notice of receipt of such Borrowing Notice or Interest Rate Selection Notice, as the case may be, together with the amount of each Lender's portion of an Advance requested thereunder, shall be provided by the Agent to each Lender by telefacsimile transmission with reasonable promptness, but (provided the Agent shall have received such notice by 10:30 A.M.) not later than 1:00 P.M. on the same day as the Agent's receipt of such notice.

• The Authorized Representative shall provide the Agent written confirmation of each such telephonic notice in the form of a Borrowing Notice or Interest Rate Selection Notice (as applicable) with appropriate insertions but failure to provide such confirmation shall not affect the validity of such telephonic notice.

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• If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Revolving Loan Notice or Term Loan Interest Rate Selection Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

• The Borrower shall pay interest on the outstanding and unpaid principal amount of each Revolving Loan, commencing on the first date of such Revolving Loan until such Revolving Loan shall be repaid, at the applicable Base Rate or Eurodollar Rate as designated by the Borrower in the related Borrowing Notice or Interest Rate Selection Notice or as otherwise provided hereunder.

More Definitions of Interest Rate Selection Notice

Interest Rate Selection Notice means the telephonic request of an Authorized Representative to elect a subsequent Interest Period for any Eurodollar Rate Loan or the Conversion of any Eurodollar Rate Loan into a Base Rate Loan or the Conversion of any Base Rate Loan into a Eurodollar Rate Loan. Any Interest Rate Selection Notice shall be confirmed in writing transmitted by telecopy on the same day as such request by an Authorized Officer in the form of Exhibit E. ---------

Interest Rate Selection Notice means the written notice delivered by an Authorized Representative in connection with the election of a subsequent Interest Period for any

Interest Rate Selection Notice shall have the meaning ascribed thereto in Section 2.04(e). Investment shall mean any investment (including, without limitation, any loan or advance) of Borrower or any Subsidiary in or to any Person, whether payment therefor is made in cash or capital stock or other equity interests of Borrower or any Subsidiary, and whether such investment is by acquisition of stock or other equity interests or Debt, or by loan, advance, transfer of property out of the ordinary course of business, capital contribution, equity or profit sharing interest, extension of credit on terms other than those normal in the ordinary course of business or otherwise. Laclede Energy shall mean Laclede Energy Resources, Inc., a Missouri corporation, and a Subsidiary of Borrower. Lender’s Revolving Credit Commitment shall mean the sum of Forty Million Dollars ($40,000,000). Letter of Credit and Letters of Credit shall have the meanings ascribed to these terms in Section 2.18(a). Letter of Credit Application shall mean Lender’s standard form of application and agreement for irrevocable standby letter of credit, or Lender’s standard form of application and agreement for irrevocable commercial letter of credit, as the case may be, in either case executed by Borrower, or a Subsidiary of Borrower, as applicant and account party, and delivered to Lender pursuant to Section 2.18(a), as the same may from time to time be amended, modified, extended, renewed or restated. LGC shall mean Laclede Gas Company, a Missouri corporation, and a Subsidiary of Borrower.

Interest Rate Selection Notice means the telephonic or telefacsimile request of an Authorized Representative to elect a subsequent Interest Period for or to convert a Loan or Loans of any Type, as such election or conversion shall be otherwise permitted herein. Any Interest Rate Selection Notice shall be binding on and irrevocable by the Borrower and, if given by telephone, shall be confirmed by facsimile transmission delivered to the Agent, or in the case of Swing Line Loans, NationsBank, effective upon receipt, on the same Business Day upon which the telephonic request is made, by the Authorized Representative in the form attached hereto as Exhibit E and incorporated herein by reference; ---------

Interest Rate Selection Notice means the telephonic or telefacsimile request of an Authorized Representative to elect a subsequent Interest Period for or to convert a Loan or Loans of any Type, as such election or conversion shall be otherwise permitted herein. Any Interest Rate Selection Notice shall be binding on and irrevocable by the Borrower and, if given by telephone, shall be confirmed by facsimile transmission delivered to the Agent, effective upon receipt, on the same Business Day upon which the telephonic request is made, by the Authorized Representative in the form attached hereto as Exhibit E and incorporated herein by reference;

Interest Rate Selection Notice means a written notice as defined in Section 2.4(b), substantially in the form of Exhibit C attached hereto and made part hereof, appropriately filled in and signed on behalf of the Borrowers.

Interest Rate Selection Notice means the written notice delivered by an Authorized Representative in connection with the election of a subsequent Interest Period for any Term Benchmark Loan or Competitive Bid Loan bearing interest at a Term Benchmark Competitive Rate or the Conversion of any Term Benchmark Rate Loan or Competitive Bid Loan bearing interest at a Term Benchmark Competitive Rate into a Base Rate Loan or an RFR Loan or the Conversion of any Base Rate Loan or an RFR Loan into a Term Benchmark Rate Loan or Competitive Bid Loan bearing interest at a Term Benchmark Competitive Rate, in the form of Exhibit F.