LIBOR Rate Request

LIBOR Rate Request. Borrower's telephonic notice (to be promptly confirmed in writing by Borrower which must be received by Bank before such LIBOR Rate Request will be put into effect by Bank), to be received by Bank by 12:00 o'clock Noon (Dallas, Texas time) three (3) LIBOR Business Days prior to the LIBOR Business Day specified in the LIBOR Rate Request for the commencement of the Interest Period, evidencing (i) Borrower=s election to have (a) all or any portion of the Principal Amount which is not then the... subject of an Interest Period (other than an Interest Period which is terminating on such LIBOR Business Day), and/or (b) all or any portion of any advance of Loan proceeds which is to be made on such LIBOR Business Day, bear interest at the LIBOR Based Rate, and (iii) specifying the Interest Period desired by Borrower in respect of the amount specified. View More