Selected Period definition
Examples of Selected Period in a sentence
Where such apportionment results in the aggregate face amount of BAs to be accepted by a Lender for the same Selected Period not to be a whole multiple of Cdn$100,000, such aggregate face amount shall be increased or reduced by the Administrative Agent in its sole discretion to the nearest whole multiple of Cdn$100,000, without affecting the aggregate face amount of BAs accepted by the applicable Lenders for the same Selected Period.
By: Name: Title: TABLE 1 Form of Advance Borrowing Date or Issuance Date Selected Maturity Date Selected Period Amount or Selected Amount Prime Rate Loans 20 N/A N/A CDN$ US Base Rate Loans 20 N/A N/A US$ LIBOR Loans 20 Note 1 1 month 2 months 3 months US$ US$ US$ LC/LG 20 Note 1 CDN$ US$ BA 20 Note 1 CDN$ CDN$ CDN$ Note 1: Specify the selected maturity date, which must fall before the end of the Term.
Basis The Borrower shall pay each Lender interest on each Selected Amount forming part of the Term SOFR Rate Loan of such Lender at an annual rate applicable for each day during the relevant Selected Period during which such Selected Amount is outstanding equal to the Adjusted Term SOFR Rate applicable to such Selected Amount plus the Relevant Margin applicable on each such day.
Any Draw Request or Conversion Request pursuant to which a Borrower requests a Libor Loan shall be delivered to the Administrative Agent by 10:00 A.M. (Montréal time) three (3) Banking Days prior to the proposed Borrowing Date and shall specify the following information: 5.1.1 the Selected Period applicable to such Libor Loans.
Where such apportionment results in the aggregate face amount of BAs to be accepted by a Cdn Lender for the same Selected Period not to be a whole multiple of Cdn$100,000, such aggregate face amount shall be increased or reduced by the Administrative Agent in its sole discretion to the nearest whole multiple of Cdn$100,000, without affecting the aggregate face amount of BAs accepted by the Cdn Lenders for the same Selected Period.