Common use of Acceptance and Notice by Borrower Clause in Contracts

Acceptance and Notice by Borrower. Not later than 12:00 noon (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers and the Lead Agent shall have mutually agreed and shall have notified the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice to the applicable Borrower or CarrAmerica LP, as the case may be, pursuant to subsection (e). In the case of acceptance, such notice (a "Notice of Money Market Borrowing") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:00 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or for Money Market Loans to be made in Dollars, (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction for Money Market Loans to be made in Dollars or (z) the fifth Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or Absolute Rate Auction for Money Market Loans to be made in an Alternative Currency (or, in either any case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection (e). In the case of acceptance, such notice (a "Notice of Money Market Borrowing") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. accepted, expressed in Dollars. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:30 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent at its Delaware Office of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection 2.03(e) (e)and the failure of the Borrower to give such notice by such time shall constitute non-acceptance) and the Agent shall promptly notify each affected Bank. In the case of acceptance, such notice (a "Notice of Money Market Borrowing") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and accepted. The Borrower may, but shall specify whether such offer is to not be allocated to Tranche A or Tranche B. The applicable Borrower or CarrAmerica LPobligated to, as the case may be, may accept any Money Market Quote in whole or in part; provided PROVIDED that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:30 A.M. (New York City time) (or 10:30 A.M. (London time) in the case of an Alternative Currency Borrowing) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing (or in the case of an Alternative Currency Borrowing, the third Eurocurrency Business Day), in the case of a LIBOR Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Borrower and the Lead Administrative Agent shall have mutually agreed and shall have notified to the Banks Lenders not later than the date of the Money Market Competitive Bid Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Administrative Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection (e). In the case of acceptance, such notice (a "“Notice of Money Market Competitive Bid Borrowing"”) shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. accepted. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Competitive Bid Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not later than 12:00 noon (x) 11:30 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction Auction, or (y) 11:00 A.M. (New York City time) on the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Company and the Lead Agent shall have mutually agreed and shall have notified the Banks not later than the date of the Invitation for Money Market Quote Request Quotes for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent each Bank from which it has received a Money Market Quote of its acceptance or non-acceptance of the offers contained in such Money Market Quotes specified in Quote; provided that if the Lead Agent's Borrower shall have failed to give such notice to any such Bank with respect to any Money Market Quote at or prior to such time, the applicable Borrower or CarrAmerica LP, as the case may be, pursuant offers contained in such Money Market Quote shall be deemed to subsection (e)have been rejected by such Borrower. In the case of acceptance, such notice (a "Notice of Money Market NOTICE OF MONEY MARKET Borrowing") ), a copy of which shall be sent by telex or telecopy to the Agent, shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. from each Bank. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not The Borrower shall notify the Administrative Agent of its acceptance or non-acceptance of the offers notified to it pursuant to subsection 2.03(e) not later than 12:00 noon Noon (New York City time) on (x) the third fourth Euro-Dollar Currency Business Day prior to before the proposed date of Borrowing, in the case of a LIBOR Auction in an Alternative Currency, (y) the third Euro-Dollar Business Day before the proposed date of Borrowing, in the case of a LIBOR Auction in Dollars or (yz) the proposed date of Borrowing, in the case of an Absolute Rate Auction (Auction, or, in either any such case, such other time or date as the Borrowers Borrower and the Lead Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Competitive Bid Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice to the applicable Borrower or CarrAmerica LP, as the case may be, pursuant to subsection (e). In the case of acceptance, such notice (a "Notice of Money Market Competitive Bid Borrowing") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. accepted. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Competitive Bid Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:30 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent at its New York Office of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection 2.03(e) (e)and the failure of the Borrower to give such notice by such time shall constitute non-acceptance) and the Agent shall promptly notify each affected Bank. In the case of acceptance, such notice (a "Notice of Money Market BorrowingNOTICE OF MONEY MARKET BORROWING") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and accepted. The Borrower may, but shall specify whether such offer is to not be allocated to Tranche A or Tranche B. The applicable Borrower or CarrAmerica LPobligated to, as the case may be, may accept any Money Market Quote in whole or in part; provided PROVIDED that:

Acceptance and Notice by Borrower. Not The Borrower shall notify the Administrative Agent of its acceptance or non-acceptance of the offers notified to it pursuant to subsection 2.03(e) at its Chicago Office not later than 12:00 noon Noon (New York City time) on (x) the third fourth Euro-Dollar Currency Business Day prior to before the proposed date of Borrowing, in the case of a LIBOR Auction in an Alternative Currency, (y) the third Euro-Dollar Business Day before the proposed date of Borrowing, in the case of a LIBOR Auction in Dollars or (yz) the proposed date of Borrowing, in the case of an Absolute Rate Auction (Auction, or, in either any such case, such other time or date as the Borrowers Borrower and the Lead Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Competitive Bid Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice to the applicable Borrower or CarrAmerica LP, as the case may be, pursuant to subsection (e). In the case of acceptance, such notice (a "Notice of Money Market BorrowingNOTICE OF COMPETITIVE BID BORROWING") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. accepted. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Competitive Bid Quote in whole or in part; provided PROVIDED that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:30 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection 2.03(e) (e)and the failure of the Borrower to give such notice by such time shall constitute non-acceptance) and the Agent shall promptly notify each affected Bank. In the case of acceptance, such notice (a "Notice of Money Market BorrowingNOTICE OF MONEY MARKET BORROWING") shall specify the aggregate principal amount of offers for each Interest Period that are accepted and accepted. The Borrower may, but shall specify whether such offer is to not be allocated to Tranche A or Tranche B. The applicable Borrower or CarrAmerica LPobligated to, as the case may be, may accept any Money Market Quote in whole or in part; provided PROVIDED that:

Acceptance and Notice by Borrower. Not later than 12:00 noon 10:00 A.M. (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or for Money Market Loans to be made in Dollars, (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction for Money Market Loans to be made in Dollars or (z) the fifth Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or Absolute Rate Auction for Money Market Loans to be made in an Alternative Currency (or, in either any case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice offers so notified to the applicable Borrower or CarrAmerica LP, as the case may be, it pursuant to subsection (e). In the case of acceptance, such notice (a "“Notice of Money Market Borrowing"”) shall specify the aggregate principal amount of offers for each Interest Period that are accepted and shall specify whether such offer is to be allocated to Tranche A or Tranche B. accepted, expressed in Dollars. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Quote in whole or in part; provided that:

Acceptance and Notice by Borrower. Not later than 12:00 noon (New York City time) on (x) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (y) 11:00 A.M. (New York City time) on the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Borrowers Borrower and the Lead Agent shall have mutually agreed and shall have notified the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective), the applicable Borrower, or CarrAmerica LP, as the case may be, Borrower shall notify the Lead Agent of its acceptance or non-acceptance of the Money Market Quotes specified in the Lead Agent's notice to the applicable Borrower or CarrAmerica LP, as the case may be, pursuant to subsection (e)Section 2.1(c)(v) hereof. In the case of acceptance, such notice (a "Notice of Money Market Borrowing") shall specify (i) the aggregate principal amount of offers for each Interest Period that are accepted accepted, (ii) the intended use for the proceeds of such Money Market Borrowing, which shall be an Approved Use, and shall specify whether such offer (iii) that no Default or Event of Default has occurred and is to be allocated to Tranche A continuing or Tranche B. would result therefrom. The applicable Borrower or CarrAmerica LP, as the case may be, may accept any Money Market Quote in whole or in part; provided that: