Common use of Selection of Interest Period Clause in Contracts

Selection of Interest Period. Subject to Section 4.05, Borrower shall be entitled to select the Interest Period except that the Interest Period commencing on the Original Effective Date was a one-month Interest Period. Each selection of an Interest Period must be timely received by Lender as provided in Section 4.05.

Selection of Interest Period. Subject to Section 4.05, Borrower shall be entitled to select the Interest Period except that the Interest Period commencing on the Original Effective Date was shall be a one-month Interest Period. Each selection of an Interest Period must be timely received by Lender as provided in Section 4.05.