Change in Interest Rates Sample Clauses

Change in Interest Rates. The Authority acknowledges the right of the Borrower to adjust the Interest Rate Period for any Series of the Bonds from time to time under the terms and conditions of the Indenture.

Change in Interest Rates. Any change in the interest rate on a Loan resulting from a change in the Prime Rate shall become effective as of the opening of business on the day on which such change becomes effective. Each Lender shall as soon as practicable notify the Borrower of the effective date and the amount of each such change in interest rate.

Change in Interest Rates. The interest rate elected by the Borrower under this Section 2.5 shall, as to each Advance, remain in effect until changed by the Borrower by written notice to Bank on or prior to the date of change or, in the case of Prime Rate Loans until changed by the terms thereof; provided however, (a) that a change to the Libor Rate, or the election of a Libor Rate Loan, can be effected only upon three (3) Business Days' notice (with notice to be received by Bank not later than 11:00 a.m. Cleveland, Ohio time on such day), and (b) when the rate of interest is the Libor Rate it may be changed to a Prime Rate Loan before the end of the applicable Interest Period subject, however, to payment of any applicable additional amount required by Section 2.5(v) hereof (but without requiring prepayment of the effected borrowing); E-3

Change in Interest Rates. The Issuer acknowledges the right of the Company to adjust the Rate Period for the Bonds from time to time under the terms and conditions of the Indenture.

Change in Interest Rates. If the Prime Rate is increased or reduced with respect to any period for which the Borrowers have already paid interest, the Lender shall recalculate the additional interest due from or to the Borrowers and shall, within fifteen (15) Business Days after the Borrowers notify the Lender of such increase or decrease, give the Borrowers notice of such recalculation. 3.1.2.1 Any additional interest due from the Borrowers shall be paid to the Lender on the next date on which an interest payment is due; provided, however, that if there is no amount of the Loan outstanding or if the Loan is due and payable, such additional interest shall be paid promptly after receipt of written request for payment from the Lender. 3.1.2.2 Any interest or refund due to the Borrowers shall be credited against payments otherwise due from the Borrowers on the next interest payment due date or, if the Loan has been repaid and the Lender is no longer committed to lend under this Agreement upon receipt of written request for payment from the Borrowers containing payment instructions.

Change in Interest Rates. The Pricing Schedule attached to the Credit Agreement (the “Existing Pricing Schedule”) is deleted and replaced by the Pricing Schedule attached to this Amendment (the “New Pricing Schedule”). The New Pricing Schedule shall apply to interest and fees accruing under the Credit Agreement on and after the date hereof. The Existing Pricing Schedule shall continue to apply to interest and fees accruing under the Credit Agreement prior to the date hereof.

Change in Interest Rates. The first paragraph of Section 2 of the Schedule to the Loan and Security Agreement is deleted in its entirety and is replaced by the following: The Revolving Loans outstanding from time to time and Capex Loans shall bear interest at an annual rate equal to the “Prime Rate” in effect from time to time, plus 4.25% per annum.

Change in Interest Rates. Effective as of June 1, 1998 (the "Effective Date"), the Borrower may elect, subject to the terms of this Agreement, to have: (a) The unpaid principal balance of the Revolving L/C Loan indebtedness bear interest at a rate that is equal to: (i) the Prime Rate minus 25 basis points (such interest rate is referred to below as the "Prime-Based Index"); or (ii) 225 basis points plus the LIBOR (London Inter-bank Offered Rate) for the applicable LIBOR Period described in paragraph (d) below (such interest rate is referred to below as the "LIBOR-Based Index"). In the absence of an effective election by the Borrower to have the interest rate on all or part of the Revolving L/C Loan determined on the basis of the LIBOR Index, interest on such indebtedness shall be determined on the basis of the Prime-Based Index. (b) The unpaid principal balance of the Existing Equipment Term Loan bear interest at a rate that is equal to: (i) the Prime-Based Index; or (ii) the LIBOR-Based Index; or (iii) 250 basis points plus the Five (5)-Year Treasury Rate on the Interest Rate Determination Date, as provided in Section 4.1(b) of the Loan Agreement (such interest rate is referred to below as the "5-Year Treasury-Based Index"). In the absence of an effective election by the Borrower to have the interest rate on all or part of the Existing Equipment Term Loan determined on the basis of the LIBOR-Based Index or the 5-Year Treasury-Based Index, interest on such indebtedness shall be determined on the basis of the Prime-Based Index. (c) The unpaid principal balance of the Non-Revolving Equipment L/C Loan bear interest at a rate that is equal to: (i) the Prime Rate Index; or (ii) the LIBOR-Based Index; or (iii) 250 basis points plus the Six (6)-Year Treasury Rate on the Interest Rate Determination Date, as provided in Section 4.1(c) of the Loan Agreement (such interest rate is referred to below as the "6-Year Treasury-Based Index"). In the absence of an effective election by the Borrower to have the interest rate on all or part of the Non-Revolving Equipment L/C Loan determined on the basis of the LIBOR-Based Index or the 6-Year Treasury-Based Index, interest on such indebtedness shall be determined on the basis of the Prime-Based Index. (d) The applicable LIBOR Period for any indebtedness under the Loan Agreement for which interest is determined on the basis of the LIBOR-Based Index shall be one of the following, as specified in writing by the Borrower when giving notice to the Bank purs...

Change in Interest Rates. Effective as of September 1, 1997 (the "Effective Date"): (a) The Revolving L/C Loan shall bear interest at the Prime Rate. (b) The Existing Equipment Term Loan shall bear interest at the Prime Rate, unless and until the Borrower duly exercises its option under the applicable Loan Documents to change the interest rate on the Existing Equipment Term Loan to the rate of interest that is equal to the Five (5)-Year Treasury Rate on the Interest Rate Determination Date plus 275 basis points. (c) The Non-Revolving Equipment L/C Loan shall bear interest at the Prime Rate, unless and until the Borrower duly exercises its option under the applicable Loan Documents to change the interest rate on the Existing Equipment Term Loan to the rate of interest that is equal to the Six (6)-Year Treasury Rate on the Interest Rate Determination Date plus 275 basis points.