Common use of Method of Electing Interest Rates Clause in Contracts

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.

Appears in 3 contracts

Sources: 364 Day Credit Agreement (Martin Marietta Materials Inc), Credit Agreement (Us West Inc), Credit Agreement (Mallinckrodt Inc /Mo)

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article 8), as follows:

Appears in 2 contracts

Sources: Credit Agreement (New Beverly Holdings Inc), Credit Agreement (Qwest Communications International Inc)

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject in each case to the provisions of Article VIII), as follows:

Appears in 2 contracts

Sources: Revolving Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp)

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to subsection (d) of this Section and the provisions of Article 10), as follows:

Appears in 1 contract

Sources: Credit Agreement (Ultramar Diamond Shamrock Corp)

Method of Electing Interest Rates. (a) The Loans included in each Committed Syndicated Borrowing of Dollar-Denominated Loans shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.of

Appears in 1 contract

Sources: Credit Agreement (Universal Health Services Inc)

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each Group of Loans (subject to Section 2.09(d) and

Appears in 1 contract

Sources: Credit Agreement (Guidant Corp)

Method of Electing Interest Rates. (a) The Loans included in each Committed Borrowing shall bear interest initially at the type of rate specified by the Borrower in the applicable Notice of Committed Borrowing.. Thereafter, the Borrower may from time to time elect to change or continue the type of interest rate borne by each

Appears in 1 contract

Sources: Credit Agreement (At&t Capital Corp /De/)