Common use of Content of Interest Election Requests Clause in Contracts

Content of Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02: (i) the Borrower and the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) of this paragraph shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; (iii) in the case of a Borrowing to be denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have requested an Interest Period of one month’s duration.

Appears in 2 contracts

Sources: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)

Content of Interest Election Requests. Each telephonic and written Interest Election Request pursuant to this Section shall specify the following information in compliance with Section 2.022.4: (i) the Borrower and the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) of this paragraph below shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day, and which (A) if such Borrowing is of Eurodollar Loans, shall be the last day of the Interest Period applicable thereto, and (B) if such Borrowing is of Base Rate Loans, shall be any Business Day; (iii) in the case of a Borrowing to be denominated in Dollars, whether the resulting Borrowing is to be an ABR a Borrowing of Base Rate Loans or a Eurocurrency BorrowingBorrowing of Eurodollar Loans; and (iv) if the resulting Borrowing is a Eurocurrency BorrowingBorrowing of Eurodollar Loans, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have requested an Interest Period of one month’s duration.

Appears in 2 contracts

Sources: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Duluth Holdings Inc.)

Content of Interest Election Requests. Each telephonic and written Interest Election Request pursuant to this Section shall specify the following information in compliance with Section SECTION 2.02: (i) the Borrower and name of the applicable Borrower; (ii) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iiiiv) and (ivv) of this paragraph below shall be specified for each resulting Borrowing); (iiiii) the applicable currency for such Borrowing; (iv) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; (iiiv) whether, in the case of a Borrowing to be denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or Term SOFR Borrowing; (vi) whether, in the case of a Borrowing denominated in any Alternative Currency, the resulting Borrowing is to be a ▇▇▇▇▇ Borrowing or a Eurocurrency Rate Borrowing; and (ivvii) if the resulting Borrowing is a Term SOFR Borrowing or a Eurocurrency Rate Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have requested an Interest Period of one month’s duration.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Enstar Group LTD), Revolving Credit Agreement

Content of Interest Election Requests. Each telephonic and written (including by e-mail) Interest Election Request shall specify the following information in compliance with Section 2.02: : (i) the Borrower Borrowing (including the Class of Commitment and the whether such Borrowing is a Term Loan Borrowing or Revolving Loan Borrowing) to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses subclauses (iii) and (iv) of this paragraph clause (c) shall be specified for each resulting Borrowing); ; (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; ; (iii) whether, in the case of a Revolving Borrowing to be or Term Loan Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Term Benchmark Borrowing; and and (iv) if the resulting Borrowing is a Eurocurrency Term Benchmark Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such (d) Notice by the Administrative Agent to the Lenders. Promptly following receipt of an Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest PeriodRequest, then the Borrowers Administrative Agent shall be deemed to have requested an Interest Period advise each applicable Lender of one monththe details thereof and of such ▇▇▇▇▇▇’s durationportion of each resulting Borrowing.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)

Content of Interest Election Requests. Each telephonic and written (including by e-mail) Interest Election Request shall specify the following information in compliance with Section 2.02: (i) the Borrower Borrowing (including the Class of Commitment and the whether such Borrowing is a Term Loan Borrowing or Revolving Loan Borrowing) to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses subclauses (iii) and (iv) of this paragraph clause (c) shall be specified for each resulting Borrowing); (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day; (iii) whether, in the case of a Revolving Borrowing to be or Term Loan Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Term Benchmark Borrowing; and (iv) if the resulting Borrowing is a Eurocurrency Term Benchmark Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d). If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the Borrowers shall be deemed to have requested an Interest Period of one month’s duration.

Appears in 1 contract

Sources: Senior Secured Revolving Credit and Term Loan Agreement (Nuveen Churchill Private Capital Income Fund)