Common use of Acceptance and Notice by Borrower Clause in Contracts

Acceptance and Notice by Borrower. Not later than (x) 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (y) 10:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction, the Borrower shall notify the Agent of its acceptance or rejection of the offers of which it received notification pursuant to Section 2.3.5. The failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.2); provided that:

Appears in 2 contracts

Samples: Assignment Agreement (Yellow Corp), Revolving Credit Agreement (JPF Acquisition Corp)

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Acceptance and Notice by Borrower. Not Subject to the receipt of --------------------------------- the notice from the Agent referred to in Section 2.4.5, not later than (xi) 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (yii) 10:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction, the Borrower shall notify the Agent of its the Borrower's acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5. The 2.4.5; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection by the Borrower of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Acceptance Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept or reject any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.22.4.4(b)(iv)); provided that:

Appears in 1 contract

Samples: Revolving Credit Agreement (BDM International Inc /De)

Acceptance and Notice by Borrower. Not Subject to the receipt of --------------------------------- the notice from the Agent referred to in Section 2.4.5, not later than (xi) 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Eurocurrency Auction or (yii) 10:00 11:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction, the Borrower shall notify the Agent of its the Borrower's acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5. The 2.4.5; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection by the Borrower of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Acceptance Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept or reject any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.22.4.4(b)(iv)); provided that:

Appears in 1 contract

Samples: Credit Agreement (Jostens Inc)

Acceptance and Notice by Borrower. Not Subject to the receipt of the notice from the Agent referred to in Section 2.4.5, not later than (xi) 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (yii) 10:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction, the Borrower shall notify the Agent of its the Borrower's acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5Section. The 2.4.5; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection by the Borrower of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Acceptance Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.2); provided that:

Appears in 1 contract

Samples: Assignment Agreement (Firstar Corp /Wi/)

Acceptance and Notice by Borrower. Not later than (xi) 10:00 a.m. 6:00 p.m. (Chicago time) at least three four Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (yii) 10:00 11:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate AuctionAuction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree), the Borrower shall notify the Agent of its acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5. The ; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.22.3.4(ii)(d)); provided that:

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

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Acceptance and Notice by Borrower. Not Subject to the receipt of the notice from the Agent referred to in Section 2.4.5, not later than (xi) 10:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (yii) 10:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction, the Borrower shall notify the Agent of its the Borrower's acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5. The 2.4.5; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection by the Borrower of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Acceptance Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.2); provided that:

Appears in 1 contract

Samples: Credit Agreement (Firstar Corp /Wi/)

Acceptance and Notice by Borrower. Not later than (xa) 10:00 11:00 a.m. (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (yb) 10:00 11:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate AuctionAuction (or, in either case upon reasonable prior notice to the Lenders, such other time and date as the Borrower and the Agent may agree), the Borrower shall notify the Agent of its acceptance or rejection of the offers of which so notified to it received notification pursuant to Section 2.3.5. The ; provided, however, that the failure by the Borrower to give such notice to the Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Borrower may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.3.4(b)(iv) and Section 2.6.2)); provided that:

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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