Selection To Be Made Sample Clauses
The "Selection To Be Made" clause establishes that a specific choice or decision must be made within the context of the agreement, often by one or more parties. This clause typically outlines the options available for selection, such as choosing between different products, services, or contractual terms, and may specify a deadline or process for making the selection. Its core practical function is to ensure clarity and prevent ambiguity by requiring parties to make and communicate their choices, thereby facilitating smooth contract performance and reducing the risk of disputes over unselected options.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Administrative Agent a Loan Notice (in accordance with the requirements of Section 2.3.3, below): (i) three (3) Business Days prior to each Loan Advance, (ii) three (3) Business Days prior to the end of each Interest Period applicable to a LIBO Rate Advance which shall be continued as a LIBO Rate Advance, or (iii) three (3) Business Days prior to any Business Day on which Borrower desires to convert an outstanding Base Rate Advance to a LIBO Rate Advance.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Agent a Notice of Rate Selection (in accordance with the requirements of Section 2.3.3, below): (i) prior to the Loan, (ii) prior to the end of each Interest Period applicable to an Effective LIBO Rate Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to an Effective LIBO Rate Advance.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Administrative Agent a Notice of Rate Selection as provided in Section 2.3.5 hereof: (i) at least three (3) Business Days prior to a Loan, (ii) on any Business Day on which Borrower desires to convert an outstanding LIBOR Rate Loan to a Variable Rate Loan, or (iii) at least three (3) Business Days before the date on which Borrower desires to convert an outstanding Variable Rate Loan to a LIBOR Rate Loan or make any change with respect to an outstanding LIBOR Rate Loan.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Agreement, by giving Agent a Notice of Interest Period Selection: (i) at the time of the request for such Loan, or (ii) at least three (3) Business Days prior to the end of each Interest Period applicable to a LIBOR Advance.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Note, by giving Lender a Notice of Rate Selection prior to each Loan Advance, and by the times stated below in the next paragraph.
Selection To Be Made. Borrower shall select, on a Loan by Loan basis, and thereafter may change the selection of, the applicable interest rate from the alternatives otherwise provided for in this Agreement by giving Administrative Agent a Notice of Rate Selection as provided in Section 2.3.5: (i) at least three (3) Business Days prior lo the initial making of a Loan, (ii) on any Business Day on which Borrower desires lo convert an outstanding Fixed LIBOR Rate Loan to any Variable Rate Loan, to convert a Base Rate Loan to a Floating LIBOR Rate Loan or lo convert a Floating LIBOR Rate Loan to a Base Rate Loan or (iii) at least three (3) Business Days before the date on which Borrower desires to convert an outstanding Variable Rate Loan to a Fixed LIBOR Rate Loan or make any change with respect lo an outstanding Fixed LIBOR Rate Loan; provided, that any conversion of any Fixed LIBOR Rate Loan or any other change with respect to a Fixed LIBOR Rate Loan shall be subject to the Make Whole Provision, to the extent applicable.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Note, by giving Lender a Notice of Rate Selection: (i) prior to each Advance, or (ii) prior to the end of each Interest Period applicable to a Eurodollar Advance, or (iii) on any Business Day on which Borrower desires to convert an outstanding Variable Rate Advance to a Eurodollar Advance.
Selection To Be Made. The Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives provided for in this Loan Agreement, by giving the Agent a Notice of Rate Selection (defined below): (i) on (if not later than 10:00 A.M.) or before the Drawdown Date, for an Advance that is to be a Variable Rate Advance, (ii) at least three (3) Business Days prior to first day of the proposed Interest Period, for an Advance that is to be, or is to be converted to, a LIBOR Advance, or (iii) on (if not later than 10:00 A.M.) or before any Business Day on which the Borrower desires to convert an outstanding LIBOR Advance to a Variable Rate Advance.
Selection To Be Made. Borrower shall select, and thereafter may change the selection of, the applicable interest rate, from the alternatives otherwise provided for in this Note, by giving Lender a Notice of Rate Selection (i) prior to the initial Loan Advance, (ii) prior to the end of each Interest Period applicable to a LIBOR Rate Loan or (iii ) on any Business Day on which Borrower desires to convert an outstanding Prime Rate Loan to a LIBOR Rate Loan, provided, however, if an Event of Default exists, Borrower's right to select interest rate options other than ones based upon the Prime Rate shall cease.
Selection To Be Made. During any period in which the Eurodollar Rate or the Cost of Funds Rate (as defined below) is in effect, Borrower shall select, and thereafter may change the selection of, the applicable Interest Period, from the alternatives otherwise provided for in this Note, by giving Lender a Notice of Interest Period Selection: (i) prior to the end of each Interest Period or (ii) on any Business Day on which Borrower desires to convert from the Eurodollar Rate to the Cost of Funds Rate or from the Cost of Funds Rate to the Eurodollar Rate.