Common use of Acceptance and Notice by Borrower Clause in Contracts

Acceptance and Notice by Borrower. The Borrower may in its sole discretion, subject only to the provisions of this paragraph (f), accept or reject any Competitive Bid (other than any disregarded bid) referred to in paragraph (e) above. The Borrower shall notify the Administrative Agent by telephone, confirmed immediately thereafter by telecopy in the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it wishes to accept any or all of the bids referred to in paragraph (e) above not later than (x) 10:30 a.m. (New York City time) on the third Business Day prior to the proposed date of Borrowing, in the case of a Eurodollar Rate Competitive Loan or (y) 10:30 a.m. (New York City time) on the proposed date of Borrowing, in the case of a Fixed Rate Borrowing; provided that:

Appears in 6 contracts

Samples: Delphi Automotive Systems Corp, Delphi Corp, Delphi Corp

AutoNDA by SimpleDocs

Acceptance and Notice by Borrower. The Borrower may in its sole discretion, subject only to the provisions of this paragraph (f), accept or reject any Competitive Bid (other than any disregarded bid) referred to in paragraph (e) above. The Borrower shall notify the Administrative Agent by telephone, confirmed immediately thereafter by telecopy in the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it wishes to accept any or all of the bids referred to in paragraph (e) above not later than (x) 10:30 a.m. A.M. (New York City time) on the third Business Day prior to the proposed date of Borrowing, in the case of a Competitive Eurodollar Rate Competitive Loan Borrowing or (y) 10:30 a.m. A.M. (New York City time) on the proposed date of Borrowing, in the case of a Fixed Rate Borrowing; provided that:

Appears in 3 contracts

Samples: Delphi Automotive Systems Corp, Credit Agricole Indosuez (Delphi Automotive Systems Corp), Delphi Automotive Systems Corp

AutoNDA by SimpleDocs

Acceptance and Notice by Borrower. The Borrower may in its sole discretion, subject only to the provisions of this paragraph (fSECTION 2.3(f), accept or reject any Competitive Bid (other than any disregarded bid) referred to in paragraph (eSECTION 2.3(e) above. The Borrower shall notify the Administrative Agent by telephone, confirmed immediately thereafter by telecopy in the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it wishes to accept any or all of the bids referred to in paragraph (e) above not later than (x) 10:30 a.m. 1:00 P.M. (New York City time), on (x) on the third Business Day prior to the proposed requested date of Borrowing, borrowing in the case of a Borrowing of Eurodollar Rate Competitive Loan Loans, or (y) 10:30 a.m. (New York City time) on one Business Day prior to the proposed requested date of Borrowing, borrowing in the case of a Borrowing of Fixed Rate BorrowingCompetitive Loans; provided PROVIDED, HOWEVER, that:

Appears in 1 contract

Samples: Credit Agreement (Hon Industries Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.