Failure to Select an Interest Period. If an Interest Election Request with respect to a SOFR Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, subject to the first proviso in the definition of “Interest Period”, the immediately following Interest Period shall be three months.
Appears in 2 contracts
Sources: Short Term Credit Agreement (Novelis Inc.), Short Term Credit Agreement (Novelis Inc.)
Failure to Select an Interest Period. If an Interest Election Request with respect to a SOFR Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, subject to the first proviso in the definition of “Interest Period”, the immediately following Interest Period shall be three months.. 1234400.03-CHISR02A - MSW
Appears in 1 contract
Sources: Refinancing Amendment to Credit Agreement (Novelis Inc.)