Common use of Acceptance by Borrower Clause in Contracts

Acceptance by Borrower. (i) Not later than 12:00 p.m. (Central Time) (x) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (y) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) which notice shall be in the form of Exhibit O. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 4 contracts

Samples: Revolving Credit Agreement (First Industrial Lp), Assignment and Assumption Agreement (First Industrial Lp), Unsecured Revolving Credit Agreement (First Industrial Realty Trust Inc)

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Acceptance by Borrower. (i) Not later than 12:00 12:30 p.m. (Central TimeChicago time) (xA) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (yB) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR Eurodollar Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) 2.25(d). which notice shall be in the form of Exhibit O. I-3. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 3 contracts

Samples: Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.), Credit Agreement (Extra Space Storage Inc.)

Acceptance by Borrower. (i) Not later than 12:00 p.m. 10:30 a.m. (Central TimePacific time) (x) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (y) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance non-acceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d2.3(d) which notice by Borrower shall be in the form of Exhibit O. E. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptancenon-acceptance. The Borrower may (but is not obligated to) accept any Bid Rate Quote in whole or in part; provided that:

Appears in 2 contracts

Samples: Credit Agreement (Equity One, Inc.), Credit Agreement (Equity One, Inc.)

Acceptance by Borrower. (i) Not later than 12:00 p.m. (Central Time) 11:00 a.m. (x) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (y) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a (a) LIBOR Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) 2.2.(d). which notice shall be in the form of Exhibit O. N (a “Bid Rate Quote Acceptance”). In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 1 contract

Samples: Credit Agreement (Post Apartment Homes Lp)

Acceptance by Borrower. (ix) Not later than 12:00 p.m. (Central Time) (x) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (y) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR LIBORTerm SOFR Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) which notice shall be in the form of Exhibit O. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 1 contract

Samples: Revolving Credit Agreement (First Industrial Lp)

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Acceptance by Borrower. (i) Not later than 12:00 12:30 p.m. (Central Time) (x) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (y) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR Term SOFR Auction, the Borrower shall notify the Administrative Agent of its the Borrower’s acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) 2.3.(d), which notice shall be in the form of Exhibit O. P. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 1 contract

Samples: Credit Agreement (LXP Industrial Trust)

Acceptance by Borrower. (i) Not later than 12:00 12:30 p.m. (Central TimeChicago time) (xA) on the Business Day immediately preceding the proposed date of borrowing, in the case of an Absolute Rate Auction and (yB) on the date three (3) Business Days prior to the proposed date of borrowing, in the case of a LIBOR Eurodollar Auction, the Borrower shall notify the Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.18(d) 2.25(d), which notice shall be in the form of Exhibit O. I-3. In the case of acceptance, such notice shall specify the aggregate principal amount of Bid Rate Quotes for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

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