Common use of Acceptance by Borrower Clause in Contracts

Acceptance by Borrower. (i) Not later than 9:30 a.m. (x) on the proposed date of borrowing, in the case of an Absolute Rate Margin and (y) on the date three Business Days prior to the proposed date of borrowing, in the case of LIBOR Auction, the Borrower shall notify the Agent of its acceptance or nonacceptance of the offers so notified to it pursuant to Section 2.2.

Appears in 2 contracts

Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Realty Corp)

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Acceptance by Borrower. (i) Not later than 9:30 a.m. San Francisco time (x) on the proposed date of borrowing, in the case of an Absolute Rate Margin Auction and (y) on the date three Business Days prior to the proposed date of borrowing, in the case of LIBOR Auction, the Borrower shall notify the Agent of its acceptance or nonacceptance of the offers so notified to it pursuant to Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (Regency Centers Corp)

Acceptance by Borrower. (i) Not later than 9:30 11:00 a.m. (x) on the proposed date of borrowing, in the case of an Absolute Rate Margin Auction and (y) on the date three Business Days prior to the proposed date of borrowing, in the case of a LIBOR Auction, the Borrower shall notify the Agent of its acceptance or nonacceptance of the offers so notified to it pursuant to Section 2.22.3.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

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Acceptance by Borrower. (i) Not later than 9:30 a.m. (x) on the proposed date of borrowing, in the case of an Absolute Rate Margin and (y) on the date three Business Days prior to the proposed date of borrowing, in the case of LIBOR Auction, the applicable Borrower shall notify the Agent of its acceptance or nonacceptance of the offers so notified to it pursuant to Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (Regency Realty Corp)

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