Administrative Agent Notification Sample Clauses

Administrative Agent Notification. Following receipt of a Loan Notice, Administrative Agent shall promptly, but in any event on the date of receipt of such Loan Notice, if such Loan Notice is received by Administrative Agent not later than 11:00 a.m., notify each Funding Agent of the amount (and currency) of its Lender Group’s Applicable Percentage of the applicable Syndicated Loans, and if no timely notice of a conversion or continuation is provided by a Borrower Party, Administrative Agent shall notify each Funding Agent of the details of any automatic conversion of a Eurocurrency Rate Loan to Base Rate Loans or continuation of Syndicated Loans denominated in a currency other than Dollars described in the preceding subsection.

Administrative Agent Notification. Following receipt of a Loan Notice, Administrative Agent shall promptly, but in any event on the date of receipt of such Loan Notice, if such Loan Notice is received by Administrative Agent not later than 11:00 a.m., notify each Funding Agent of the amount (and currency) of its Lender Group’s Applicable Percentage of the applicable Syndicated Loans, and if no timely notice of a conversion or continuation is provided by a Borrower Party, Administrative Agent shall notify each Funding Agent of the details of any automatic continuation of Term SOFR Loans described in the preceding subsection.

Administrative Agent Notification. Following receipt of a Loan Notice, Administrative Agent shall promptly, but in any event on the date of receipt of such Loan Notice, if such Loan Notice is received by Administrative Agent not later than 11:00 a.m., notify each Funding Agent of the amount of its Lender Group’s Applicable Percentage of the applicable Syndicated Loans, and if no timely notice of a conversion or continuation is provided by a Borrower Party, Administrative Agent shall notify each Funding Agent of the details of any automatic conversion of a Term SOFR Loan to a Daily SOFR Loan or to a Base Rate Loan.

Administrative Agent Notification. Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount of its share of the applicable Loans, and if no timely notice of a conversion or continuation is provided by a Borrower Party, the Administrative Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans or continuation of SOFR Loans described in the preceding subsection.

Administrative Agent Notification. The Administrative Agent shall promptly notify each Lender of such request, and, within 10 Business Days of the Extension Request Date, each Lender shall, in its sole discretion, notify the Parent Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension by delivering a Notice of Extension of Termination Date (with each Lender consenting being a “Consenting Lender” and each Lender not consenting being a “Non-Consenting Lender”). If any Lender shall fail to notify the Administrative Agent and the Parent Borrower in writing of its consent to any such request for extension of the Termination Date prior to the end of such 10 Business Day period, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request (it being understood that such Lender may subsequently deliver a Notice of Extension of Termination Date, subject to the consent of the Administrative Agent and Parent Borrower, or become an Assuming Extending Lender pursuant to Section 2.21(c)). The Administrative Agent shall notify the Parent Borrower in writing not later than 15 Business Days after the Extension Request Date of the decision of the Lenders regarding the Parent Borrower’s request for an extension of the Termination Date. It is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Parent Borrower for any requested extension of the Termination Date.