Information in 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) whether, in the case of a Borrowing denominated in Dollars, 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's duration.
Appears in 5 contracts
Sources: Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Information in Interest Election Requests. Each telephonic and written Interest Election Request and Interest Election Request Notice 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 (iiiSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing, a LIBOR Market Index Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 4 contracts
Sources: Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (WildHorse Resource Development Corp), Credit Agreement (Memorial Resource Development Corp.)
Information in 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 (iiiSection 2.04(c)(iii) and (ivSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or Borrowing, a Eurocurrency Term Benchmark Borrowing, or, if applicable, an RFR Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Term Benchmark Borrowing, the Interest Period therefor to be applicable thereto 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 Term Benchmark Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 4 contracts
Sources: Credit Agreement (Permian Resources Corp), Credit Agreement (Permian Resources Corp), Credit Agreement (Centennial Resource Development, Inc.)
Information in 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 (iiiSection 2.04(c)(iii) and (ivSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing, a Daily Simple SOFR Borrowing or a Eurocurrency Term SOFR Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Term SOFR Borrowing, the Interest Period therefor to be applicable thereto 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 Term SOFR Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 4 contracts
Sources: Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC), Revolving Credit Agreement (Diversified Energy Co PLC)
Information in 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 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;
(iii) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Term Benchmark Borrowing or an RFR Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Term Benchmark Borrowing, the Interest Period therefor to be applicable thereto after giving effect to such election, which Interest Period 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 Term Benchmark Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration. Notwithstanding the foregoing, in no event shall the Borrower be permitted to request an RFR Loan bearing interest based on Daily Simple SOFR prior to a Benchmark Transition Event and Benchmark Replacement Date with respect to the Term SOFR Rate (it being understood and agreed that Daily Simple SOFR shall only apply to the extent provided in Section 3.03(a) and Section 3.03(f)).
Appears in 3 contracts
Sources: Term Loan Credit Agreement (Coterra Energy Inc.), Credit Agreement (Coterra Energy Inc.), Credit Agreement (Coterra Energy Inc.)
Information in 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) whether, in the case of a Borrowing 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 3 contracts
Sources: Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/), Credit Agreement (International Paper Co /New/)
Information in 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) whether, in the case of a Borrowing denominated in Dollars, 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective applicable Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 3 contracts
Sources: Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc), Credit Agreement (American International Group Inc)
Information in 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 (iiiSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR a Canadian Prime Borrowing, a CDOR Borrowing, a U.S. Prime Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency CDOR Borrowing or a Eurodollar Borrowing, the Interest Period therefor to be applicable thereto after giving effect to such election, which which, subject to Section 2.04(e)(ii), 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 CDOR Borrowing (whether denominated in Dollars or a Foreign Currency) Eurodollar Borrowing but does not specify an Interest PeriodPeriod or the Interest Period specified in such Interest Election Request is not available to all Lenders, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 3 contracts
Sources: Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.022.2:
(i) the Borrower currency and the principal amount of 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 Section 2.7(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 Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR be, for Loans denominated in Dollars, a Base Rate Borrowing or a SOFR Borrowing, or, for any Other Currency, a Eurocurrency Borrowing, as applicable; and
(iv) if the resulting Borrowing is a Eurocurrency Borrowing or SOFR Borrowing, the Interest Period therefor to be applicable thereto (by specifying the duration of such Interest Period and the last day of such Interest Period) 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 (whether denominated in Dollars or a Foreign Currency) SOFR Borrowing but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Sources: Credit Agreement (Kellogg Co), Credit Agreement (WK Kellogg Co)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.022.2:
(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 Section 2.7(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 Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR a Base Rate Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto (by specifying the duration of such Interest Period and the last day of such Interest Period) 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Sources: Credit Agreement (WestRock Co), Credit Agreement (WestRock Co)
Information in 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 (iiiSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto after giving effect to such election, which which, subject to Section 2.04(e)(ii), 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest PeriodPeriod or the Interest Period specified in such Interest Election Request is not available to all Lenders, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Sources: Credit Agreement (Quicksilver Resources Inc), Credit Agreement (Quicksilver Resources Inc)
Information in 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) whether, in the case of a Borrowing denominated in Dollars, the resulting Borrowing is to be an ABR a Base Rate Borrowing or a Eurocurrency BorrowingBorrowing of Term SOFR Loans; and
(iv) if the resulting Borrowing is a Eurocurrency BorrowingBorrowing of Term SOFR Loans or Alternative Currency Term Rate 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 (whether denominated in Dollars of Term SOFR Loans or a Foreign Currency) Alternative Currency Term Rate Loans but does not specify an Interest Period, then the respective applicable Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Sources: Credit Agreement (American International Group, Inc.), Credit Agreement (American International Group, Inc.)
Information in 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 (iiiSection 2.04(c)(iii) and (ivSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing, a Term Benchmark Borrowing or a Eurocurrency an RFR Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Term Benchmark Borrowing, the Interest Period therefor to be applicable thereto 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 Term Benchmark Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 2 contracts
Sources: Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.), Senior Secured Revolving Credit Agreement (Silverbow Resources, Inc.)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.022.2:
(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 Section 2.7(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 Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR a Base Rate Borrowing, S▇▇▇▇ Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto (by specifying the duration of such Interest Period and the last day of such Interest Period) 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Credit Agreement (WestRock Co)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 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 (iiiSection 2.04(c)(iii) and (iv(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto after giving effect to such election, which which, subject to Section 2.04(e)(ii), 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest PeriodPeriod or the Interest Period specified in such Interest Election Request is not available to all Lenders, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.022.2:
(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 Section 2.7(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 Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR a Base Rate Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto (by specifying the duration of such Interest Period and the last day of such Interest Period) 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one 1 month's ’s duration.
Appears in 1 contract
Sources: Credit Agreement (Wayne Farms, Inc.)
Information in Interest Election Requests. Each telephonic and written Interest Election Rate Request shall specify the following information in compliance with Section 2.022.2:
(iA) 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 (iiiC) and (ivD) of this paragraph section shall be specified for each resulting Borrowing);
(iiB) the effective date of the election made pursuant to such Interest Election Rate Request, which shall be a Business Day;
(iiiC) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing a Base Rate Loan or a Eurocurrency BorrowingLIBO Rate Loan; and
(ivD) if the resulting Borrowing is a Eurocurrency BorrowingLIBO Rate Loan, the Interest Period therefor to be applicable thereto 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 Rate Request requests a Eurocurrency Borrowing (whether denominated in Dollars or a Foreign Currency) LIBO Rate Loan but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Information in Interest Election Requests. Each telephonic and written Interest Election Rate Request shall specify the following information in compliance with Section 2.022.2:
(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 (iiiC) and (ivD) of this paragraph section shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Rate Request, which shall be a Business Day;
(iii) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing a Base Rate Loan or a Eurocurrency BorrowingLIBO Rate Loan; and
(iv) if the resulting Borrowing is a Eurocurrency BorrowingLIBO Rate Loan, the Interest Period therefor to be applicable thereto 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 Rate Request requests a Eurocurrency Borrowing (whether denominated in Dollars or a Foreign Currency) L▇▇▇ Rate Loan but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Senior Mezzanine Credit Agreement (Technical Olympic Usa Inc)
Information in Interest Election Requests. Each telephonic and written Interest Election Rate Request shall specify the following information in compliance with Section 2.022.2:
(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 (iiiC) and (ivD) of this paragraph section shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Rate Request, which shall be a Business Day;
(iii) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing a Base Rate Loan or a Eurocurrency BorrowingLIBO Rate Loan; and
(iv) if the resulting Borrowing is a Eurocurrency BorrowingLIBO Rate Loan, the Interest Period therefor to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term "Interest “Merest Period" and permitted under Section 2.02(d)”. If any such Interest Election Rate Request requests a Eurocurrency Borrowing (whether denominated in Dollars or a Foreign Currency) LIBO Rate Loan but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Junior Mezzanine Credit Agreement (Technical Olympic Usa Inc)
Information in 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 (iiiSection 2.04(c)(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 DayDay in the case of an ABR Borrowing, or a U.S. Government Securities Business Day in the case of a continuation of, or conversion to, a SOFR Borrowing;
(iii) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency SOFR Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency SOFR Borrowing, the Interest Period therefor to be applicable thereto 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 SOFR Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Fifth Amended and Restated Credit Agreement (Vital Energy, Inc.)
Information in 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 (iiiSection 2.05(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration. If such Interest Election Request does not specify a Type, then the Borrower shall be deemed to have selected a Type of ABR Borrowing.
Appears in 1 contract
Sources: Credit Agreement (PMFG, Inc.)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02information:
(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 (iiiSection 2.10(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be a Eurodollar Borrowing or an ABR Borrowing or a Eurocurrency Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration. If such Interest Election Request does not specify a Type, then the Borrowing shall be deemed to have selected an ABR Borrowing.
Appears in 1 contract
Information in 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 (including, if applicable, the respective Series of Incremental Term Loans to which such Interest Election Request relates) 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) whether, in if the case of a resulting Borrowing is denominated in U.S. Dollars, the whether such 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's duration.
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Information in 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 (including, if applicable, the respective Series of Tranche III Term Loans to which such Interest Election Request relates) 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) whether, in the case of a Eurocurrency Borrowing denominated in Dollars, 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's duration.
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Information in Interest Election Requests. Each telephonic ----------------------------------------- and written Interest Election Request shall specify the following information in compliance with Section 2.02:
(i) the name of 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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective relevant Borrower shall be deemed to have selected an Interest Period of one month's duration.
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Information in Interest Election Requests. Each telephonic and written Interest Election Rate Request shall specify the following information in compliance with Section 2.021.2:
(i) the Borrower and the Borrowing to which such Interest Election Rate Request applies (and whether such Borrowing consists of Revolving Loans or Term Loans) 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 section shall be specified for each resulting Borrowing);
(ii) the effective date of the election made pursuant to such Interest Election Rate Request, which shall be a Business Day;
(iii) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR a Base Rate Borrowing or a Eurocurrency LIBO Rate Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency LIBO Rate Borrowing, the Interest Period therefor to be applicable thereto 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 Rate Request requests a Eurocurrency LIBO Rate Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Credit Agreement (Macerich Co)
Information in 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) whether, in the case of a Borrowing denominated in Dollars, 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's ’s duration.
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Information in 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 Section 2.04(c)(ii) and (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) whether, in the case of a Borrowing denominated in Dollars, ; whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) and if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one (1) month's duration. Notice to Lenders by the Administrative Agent. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender's portion of each resulting Borrowing.
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Information in 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) whether, in the case of a Eurocurrency Borrowing denominated in Dollars, 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 to be applicable thereto 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's duration.
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Sources: Credit Agreement (Canandaigua LTD)
Information in 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) whether, in the case of a Borrowing denominated in Dollars, ; whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and
(iv) and 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 (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective applicable Borrower shall be deemed to have selected an Interest Period of one month's ’s duration. Notice by the Administrative Agent to Lenders. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.
Appears in 1 contract
Sources: Credit Agreement (Corelogic, Inc.)
Information in Interest Election Requests. Each telephonic and ----------------------------------------- written Interest Election Request shall specify the following information in compliance with Section 2.02:
(i) the Borrower Borrowing and the Borrowing Facility 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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing Borrowing, or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower shall be deemed to have selected an Interest Period of one month's duration.
Appears in 1 contract
Sources: Credit Agreement (Nevada Power Co)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.022.2:
(i) the Borrower currency and principal amount of 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 Section 2.7(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 Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR be, for Loans denominated in Dollars, a Base Rate Borrowing or a SOFR Borrowing, or, for any other Agreed Currency, a SON▇▇ ▇▇rrowing or a Eurocurrency Borrowing, as applicable; and
(iv) if the resulting Borrowing is a Eurocurrency Borrowing or a SOFR Borrowing, the Interest Period therefor to be applicable thereto (by specifying the duration of such Interest Period and the last day of such Interest Period) 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 (whether denominated in Dollars or a Foreign Currency) SOFR Borrowing but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
Appears in 1 contract
Sources: Credit Agreement (WestRock Co)
Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:3.8(b):
(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an comprised of ABR Loans or Eurodollar Loans; provided, that if no such election is made, such Borrowing or a Eurocurrency Borrowingshall be comprised of Eurodollar Loans; and
(iv) if the resulting Borrowing is a Eurocurrency Borrowingcomprised 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)"; provided, that if such Borrowing is a Eurodollar Loan pursuant to the proviso set forth in clause (iii) above, the Interest Period shall be one (1) month. If any such Interest Election Request requests a Eurocurrency Borrowing (whether denominated in Dollars or a Foreign Currency) Eurodollar Loans but does not specify an Interest Period, then the respective Borrower SPC shall be deemed to have selected an Interest Period of one month's duration.
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Information in Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:: CHAPARRAL ENERGY, L.L.C. CREDIT AGREEMENT
(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 (iiiSection 2.04(c)(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) whether, in the case of a Borrowing denominated in Dollars, whether the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Eurodollar Borrowing; and
(iv) if the resulting Borrowing is a Eurocurrency Eurodollar Borrowing, the Interest Period therefor to be applicable thereto 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 Eurodollar Borrowing (whether denominated in Dollars or a Foreign Currency) but does not specify an Interest Period, then the respective Borrower Borrowers shall be deemed to have selected an Interest Period of one month's ’s duration.
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