Common use of Selection To Be Made Clause in Contracts

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.