LIBOR Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a Borrower desires to obtain a LIBOR Portion, Wabash (on behalf of such Borrower) shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on Borrowers. In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Portions with more than six (6) different Interest Periods.
Appears in 5 contracts
Sources: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)
LIBOR Portions. Provided Notwithstanding the provisions of subsection 3.1.1, and provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a Borrower desires to obtain a LIBOR Portion, Wabash (on behalf of such Borrower) Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on BorrowersBorrower. In no event shall Borrowers Borrower be permitted to have outstanding at any one time LIBOR Portions with more than six five (65) different Interest Periods.
Appears in 3 contracts
Sources: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)
LIBOR Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a Borrower desires to obtain a LIBOR Portion, Wabash (on behalf of such Borrower) Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on Borrowers. In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Portions with more than six four (64) different Interest Periods.
Appears in 2 contracts
Sources: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)
LIBOR Portions. Provided that as of both the date of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a Borrower desires Borrowers desire to obtain a LIBOR Portion, Wabash (ETI, on behalf of such each Borrower) , shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on Borrowers. In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Portions with more than six three (63) different Interest Periods.
Appears in 1 contract
LIBOR Portions. Provided that as of both the date of the LIBOR -------------- Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a any Borrower desires to obtain a LIBOR Portion, Wabash (on behalf of such Borrower) Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on Borrowers. In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Portions with more than six (6) different Interest Periods.
Appears in 1 contract
Sources: Loan and Security Agreement (Falcon Products Inc /De/)
LIBOR Portions. Provided that as of both the date -------------- of the LIBOR Request and the first day of the Interest Period, no Default or Event of Default exists, in the event a any Borrower desires to obtain a LIBOR Portion, Wabash (on behalf of such Borrower) Borrower shall give Agent a LIBOR Request no later than 11:00 a.m. (Chicago, Illinois time) on the third Business Day prior to the requested borrowing date. Each LIBOR Request shall be irrevocable and binding on Borrowers. In no event shall Borrowers be permitted to have outstanding at any one time LIBOR Portions with more than six (6) different Interest Periods.
Appears in 1 contract
Sources: Loan and Security Agreement (Falcon Products Inc /De/)