Acceptance by Borrower. (i) Not later than 11:30 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes so notified to it pursuant to Section 2.2.(d). which notice shall be in the form of Exhibit M. In the case of acceptance, such notice shall specify the aggregate principal amount of offers 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 2 contracts
Samples: Credit Agreement (Washington Real Estate Investment Trust), Designation Agreement (Washington Real Estate Investment Trust)
Acceptance by Borrower. (i) Not later than 11:30 9:30 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate Auction 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes offers so notified to it pursuant to Section 2.2.(d). ) which notice shall be in the form of Exhibit M. K. In the case of acceptance, such notice shall specify the aggregate principal amount of offers 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 2 contracts
Samples: Credit Agreement (Regency Realty Corp), Credit Agreement (Regency Realty Corp)
Acceptance by Borrower. (i) Not later than 11:30 11:00 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes offers so notified to it pursuant to Section 2.2.(d). 2.3.(d) which notice shall be in the form of Exhibit M. J. In the case of acceptance, such notice shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The failure of the Borrower to give such notice by such time shall constitute nonacceptance. The Agent shall promptly notify each affected Revolving Lender. The Borrower may accept any Bid Rate Quote in whole or in part; provided that:
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Acceptance by Borrower. (i) Not later than 11:30 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes offers so notified to it pursuant to Section 2.2.(d). which notice shall be in the form of Exhibit M. N. In the case of acceptance, such notice shall specify the aggregate principal amount of offers 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 (Washington Real Estate Investment Trust)
Acceptance by Borrower. (i) Not later than 11:30 9:30 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate Auction 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes offers so notified to it pursuant to Section 2.2.(d). ) which notice shall be in the form of Exhibit M. K. In the case of acceptance, such notice shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The failure of the applicable Borrower to give such notice by such time shall constitute nonacceptance. The A Borrower may accept any Bid Rate Quote in whole or in part; provided that:
Appears in 1 contract
Acceptance by Borrower. (i) Not later than 11:30 9:30 a.m. Eastern time (x) on the proposed date of borrowing, in the case of an Absolute Rate Auction 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 Administrative Agent of its acceptance or nonacceptance of the Bid Rate Quotes offers so notified to it pursuant to Section 2.2.(d). ) which notice shall be in the form of Exhibit M. P. In the case of acceptance, such notice shall specify the aggregate principal amount of offers 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:
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