CHANGES TO ADVANCES OR INTEREST RATES Sample Clauses

CHANGES TO ADVANCES OR INTEREST RATES. The Agent shall promptly notify the Borrower and the Banks of any change to (a) the proposed length of an Interest Period or (b) any interest rate occasioned by the operation of Clause 5 (Market Disruption and Alternative Interest Rates).
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
CHANGES TO ADVANCES OR INTEREST RATES. The Agent shall promptly notify the relevant Borrower and the Revolving Banks or, as the case may be, the Term Banks of any change to (a) the proposed length of a Term or Interest Period or (b) any interest rate occasioned by the operation of Clause 9 (Market Disruption and Alternative Interest Rates).
Sample 1
CHANGES TO ADVANCES OR INTEREST RATES. The Facility Agent shall promptly notify the Borrower and the Banks of any change to (a) the proposed length of an Interest Period or (b) any interest rate occasioned by the operation of Clause 6 (Market Disruption and Alternative Interest Rates).
Sample 1
CHANGES TO ADVANCES OR INTEREST RATES. The Agent shall promptly notify the relevant Borrower and the Banks of any change to:
Sample 1Sample 2
CHANGES TO ADVANCES OR INTEREST RATES. The Facility Agent shall promptly notify the relevant Borrower and the Banks of any change to (a) the proposed currency of an Advance occasioned by the operation of Clause 4.2 (CONDITIONS FOR DENOMINATING A TERM B ADVANCE IN AN OPTIONAL CURRENCY) or Clause 7.2 (CONDITIONS FOR DRAWING A REVOLVING ADVANCE IN AN OPTIONAL CURRENCY), (b) the proposed length of an Interest Period or Term or (c) any interest rate occasioned by the operation of Clause 9 (MARKET DISRUPTION AND ALTERNATIVE INTEREST RATES).
Sample 1
CHANGES TO ADVANCES OR INTEREST RATES. The Agent shall promptly notify the Borrower and the Lenders of any change to any interest rate occasioned by the operation of Clause 8 (Market Disruption and Alternative Interest Rates).
Sample 1
CHANGES TO ADVANCES OR INTEREST RATES. The Facility Agent, the Italian Agent or, as the case may be, the Swingline Agent shall promptly notify the relevant Borrower, the other Agents and the Banks of any change to (a) the proposed currency of an Advance occasioned by the operation of Clause 4.2 (Conditions for Denominating a Term Advance in an Optional Currency) or Clause 7.4 (Conditions for Drawing a Revolving Advance and a Swingline Advance in an Optional Currency), (b) the proposed length of an Interest Period or Term or (c) any interest rate occasioned by the operation of Clause 10 (Market Disruption and Alternative Interest Rates).
Sample 1
AutoNDA by SimpleDocs
CHANGES TO ADVANCES OR INTEREST RATES. The Agent shall promptly notify the relevant Borrower and the Banks of any change to (a) the proposed currency of an Advance occasioned by the operation of Clause 7.2 (Conditions for Denominating a Revolving Advance in an Optional Currency) or Clause 4.2 (Conditions for Denominating a Term Advance in an Optional Currency), (b) the proposed length of an Interest Period or Term or (c) any interest rate occasioned by the operation of Clause 9 (Market Disruption and Alternative Interest Rates).
Sample 1

Related to CHANGES TO ADVANCES OR INTEREST RATES

  • Notification of Advances, Interest Rates and Prepayments The Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder not later than the close of business on the Business Day such notice is received by the Administrative Agent. The Administrative Agent will notify each Lender of the interest rate applicable to each LIBOR Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Determination of Applicable Interest Rate As soon as practicable on each Interest Rate Determination Date, Bank shall determine (which determination shall, absent manifest error in calculation, be final, conclusive and binding upon all parties) the interest rate that shall apply to the LIBOR Advances for which an interest rate is then being determined for the applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Borrower.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Applicable Interest Rate 5.10.1 In respect of Pre-Delivery Interest Periods or Interest Periods pursuant to Clause 5.3.1 and subject to Clause 5.3.1, Clause 5.12 and Clause 6, the rate of interest applicable to the Loan (or relevant part in the case of the division of the Loan under Clause 5.8) during a Pre-Delivery Interest Period or an Interest Period shall be the Floating Interest Rate.

  • Applicable Interest Rates (a) U.S.

  • Limitation on Prepayment of LIBOR Rate Loans The Borrower may not prepay any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto unless such prepayment is accompanied by any amount required to be paid pursuant to Section 5.9 hereof.

  • Limitation on Repayment of LIBOR Rate Loans The Borrower may not repay any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.9 hereof.

  • Number and Amount of LIBOR Loans; Determination of Rate Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $1,000,000, plus any increment of $500,000 in excess thereof. No more than ten (10) Borrowings of LIBOR Loans may be outstanding at any time, and all LIBOR Loans having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Calculation of CP Costs On the third Business Day immediately preceding each Settlement Date, each Conduit shall calculate the aggregate amount of its Conduit Costs for the related Settlement Period and shall notify Seller of such aggregate amount.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!