Maximum Number of Interest Periods. A Borrower may not select an Interest Period in respect of any LIBOR Revolving Loan of such a duration that there shall at any time be more than five Interest Periods in existence at the same time.
Maximum Number of Interest Periods. No more than one (1) LIBOR Fixed Rate Tranche with respect to the Loan may exist at any time.
Maximum Number of Interest Periods. There may be no more than ten (10) different Interest Periods outstanding at the same time collectively for all LIBOR Loans, whether in the context of a LIBOR Loan, which is a Revolving Loan or a LIBOR Loan which is a Bid Rate Loan.
Maximum Number of Interest Periods. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be made pursuant to such elections so that, after giving effect thereto, the aggregate number of Interest Periods in effect shall not exceed eight.
Maximum Number of Interest Periods. No more than four (4) Interest Periods may be in effect in respect of outstanding LIBOR Loans at any time.
Maximum Number of Interest Periods. 5.4 The Borrower may not select an Interest Period in respect of any LIBOR Revolving Loan of such a duration that there shall at any time be more than five LIBOR funding periods inexistence at the same time, for which purpose a “LIBOR funding period” means either an Interest Period for a LIBOR Revolving Loan or a Settlement Period in relation to which the Discount Charge is being determined by reference to LIBOR.
Maximum Number of Interest Periods. Notwithstanding anything else contained herein, no Revolving Loan may be borrowed as a LIBOR Loan if such borrowing would cause there to be in effect more than six (6) different Interest Periods at such time. Principal payments submitted in funds not immediately available shall continue to bear interest until collected. If any payment to be made by the Borrower hereunder or under the Revolving Note shall become due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day (except as otherwise set forth with respect to LIBOR Loans in clause (ii) of the definition of Interest Period, which provides that if such extension would cause the last day of such Interest Period to occur in the next following calendar month, then the last day of such Interest Period shall occur on the immediately preceding Business Day) and such extension of time shall be included in computing any interest in respect of such payment. Subject to the terms and conditions of this Agreement and upon the execution and delivery by the Borrower and the acceptance by the Bank, in its sole and absolute discretion, of an application for letter of credit, the Bank agrees to issue for the account of the Borrower out of the Revolving Loan Commitment, Letters of Credit in the standard form of the Bank and otherwise in form and substance acceptable to the Bank, from time to time during the term of this Agreement, provided that the Letter of Credit Obligations may not at any time exceed the Maximum Letter of Credit Obligation, and provided, further, that no Letter of Credit shall have an expiration date later than the Revolving Loan Maturity Date then in effect. The amount of any payments made by the Bank with respect to draws made by a beneficiary under a Letter of Credit for which the Borrower has failed to reimburse the Bank upon the earlier of (i) the Bank's demand for repayment, or (ii) five (5) days from the date of such payment to such beneficiary by the Bank, shall be deemed to have been converted to a Revolving Loan (which Revolving Loan shall be a Prime Loan) as of the date such payment was made by the Bank to such beneficiary.
Maximum Number of Interest Periods. The Borrower will be limited to a maximum number of ten (10) Interest Periods for Adjusted Term SOFR Loans and Foreign Currency Term Rate Loans (excluding any Competitive Loans) outstanding at any time.
Maximum Number of Interest Periods. Under no circumstances may the Borrower select an Interest Period for LIBOR Advance if as a result thereof, more than three (3) different Interest Periods would be outstanding at any one time for Advances.
Maximum Number of Interest Periods. 49 6.6 Interest Rates and Payment Dates..................................49 6.7
