Examples of Rollover Notice in a sentence
The Rollover Notice shall also specify the length of the Interest Period selected by the Borrowers with respect to such Rollover.
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.
Each Rollover Notice shall be irrevocable and effective upon notification thereof to the Administrative Agent.
If the Borrowers fail to timely give the Administrative Agent the Rollover Notice with respect to any Alternative Currency Term Rate Loan, or fail to specify the length of the Interest Period in such Rollover Notice, the Borrowers shall be deemed to have elected to continue such Alternative Currency Term Rate Loan in its original currency with an Interest Period of one (1) month.