Examples of Current Interest Period in a sentence
The undersigned hereby gives notice pursuant to Section 2.04(b) of the Credit Agreement of its desire to continue the Loans specified below as Loans of the Types and in the amounts specified below on [insert effective date of continuation]: Loans to be Continued Continued Loans Type of Loan6 Last Day of Current Interest Period Amount Type of Loan Interest Period Amount The undersigned represents and warrants that the continuations requested hereby comply with the requirements of the Credit Agreement.
At any time after the Commitment Termination Date the Borrower may by notice (an "Election Notice") to be received by the Bank no later than 10.00 a.m. on the Notification Date pertaining to any Review Date elect that the relevant drawing or any part thereof at the expiry of the Current Interest Period be renewed in sterling or an Optional Currency (the "new currency) other than that in which it is then outstanding (the "old currency").
If the Borrower fails to deliver to the Agent such notice with respect to a Eurodollar Loan by the time required therefor, such Eurodollar Loan shall automatically convert into a Base Rate Loan on the last day of the Current Interest Period for such Eurodollar Loan.
The undersigned hereby gives notice pursuant to Section 2.05(a) of the Credit Facility that it will prepay the Loans specified below on [insert date of prepayment]: Type of Loan Last Day of Current Interest Period * Amount The undersigned represents and warrants that the prepayment set forth herein complies with the requirements of the Credit Facility.
The plan of benefits can be modified by written agreement of the parties.