Fixed Rate Election means the election by a Borrower of a Loan to bear interest based on the Fixed Rate. If by reason of an Event of Default, the Agent and/or the Banks elect to declare the Loans and/or the Notes to be immediately due and payable, then any yield maintenance fee with respect to a LIBOR Loan shall become due and payable in the same manner as though the Borrowers have exercised such right of prepayment.
Fixed Rate Election means the election by a Borrower of a Loan to bear interest based on the Fixed Rate. If by reason of an Event of Default, the Agent and/or the Banks elect to declare the Loans and/or the Notes to be immediately due and payable, then any yield maintenance fee with respect to a Fixed Rate Loan shall become due and payable in the same manner as though the Borrowers have exercised such right of prepayment.
Fixed Rate Election means an election by MBIA Insurance to pay Dividends on the Preferred Stock at the rate described in clause (iii) of the definition of "Dividend Rate" set forth in the Restated Charter.
Examples of Fixed Rate Election in a sentence
Depending on whether Emirates makes a "Lease Floating Rate Election" or a "Lease Fixed Rate Election", interest on the Loan will accrue at either (a) a floating rate of interest (being the aggregate of LIBOR and a margin of 2.80 per cent.
More Definitions of Fixed Rate Election
Fixed Rate Election means an election by FSA to pay Dividends on the Preferred Stock at the rate described in clause (iii) of the definition of “Dividend Rate” set forth in the Restated Charter.
Fixed Rate Election means an election by Radian Asset to pay Dividends on the Radian Asset Preferred Stock at the rate described in clause (iii) of the definition of “Dividend Rate” set forth in the Charter.
Fixed Rate Election means the effective election by Borrower pursuant to paragraph 2A.2 of this Loan Agreement and the Term Note of a Term Loan LIBOR Rate or the Term Loan Cost of Funds Rate. If by reason of the occurrence and continuance of an Event of Default Bank elects to declare the loan to be immediately due and payable, then any make whole premium with respect to the Term Loan shall become due and payable in the same manner as though Borrower had exercised such right of prepayment
Fixed Rate Election shall have the meaning assigned to such term in Paragraph 4.1(c) hereof.
Fixed Rate Election means the election by the Company of the LIBOR Rate. If by reason of an Event of Default, the Bank elects to declare the Note to be immediately due and payable, then any yield maintenance fee with respect to a LIBOR Rate Loan shall become due and payable in the same manner as though the Company had exercised such right of prepayment. If by reason of an Event of Default the Bank elects to declare a Note to be immediately due and payable, then any amounts due pursuant hereto shall become due and payable in the same manner as though the Company had exercised such right of prepayment.
Fixed Rate Election means the election by the Borrower to borrow at the LIBOR Rate pursuant to Section 2.2 or convert a Loan to a Eurodollar Loan pursuant to Section 2.5. If by reason of an Event of Default the Agent declares the Loans to be immediately due and payable, then any yield maintenance fee with respect to the Loans shall become due and payable in the same manner as though the Borrower had exercised such right of prepayment. Notwithstanding the foregoing, the Borrower shall not be required to indemnify the Banks for any losses or expenses resulting from any of the events described in subparagraphs (a), (b) or (c) of this Section 5.4 following a conversion of a Eurodollar Loan into a Fluctuating Rate Loan pursuant to Sections 4.7 or 4.8(a)(ii) hereof. A certificate as to any additional amounts payable pursuant to this Section setting forth in reasonable detail the basis and method (including calculations made by any Bank) of determining such amounts shall be presumptive as to the determination by such Bank set forth therein if made reasonably and in good faith. The Borrower shall pay any amounts so certified to it by the Banks within ten (10) days of receipt of any such certificate. The determination set forth on any such certificate shall be conclusive and binding absent demonstrative error.
Fixed Rate Election means the election by Borrowers pursuant to Section 2.11 hereof.