Contents of Notice. Each Additional Advance Notice shall set forth the following information with respect to the Loan subject thereto: (A) a single, specific borrowing date, which shall be a Business Day; (B) a single, exact amount for the Loan, which for any Eurodollar Loan, shall be in an aggregate minimum principal amount of $1,000,000 or any multiple of $100,000 in excess thereof (or such lesser amount as shall then constitute the remaining amount of the IPO Closing Date Commitments); (C) whether the Loan is to be made as a Eurodollar Loan or a Base Rate Loan; and (D) if the Loan is to be made as a Eurodollar Loan, the applicable Interest Period. If an Additional Advance Notice shall fail to specify the applicable Interest Period for any Eurodollar Loan requested, such Loan will be made as a Eurodollar Loan with a one month Interest Period.
Appears in 5 contracts
Samples: Modification Agreement (Douglas Emmett Inc), Modification Agreement (Douglas Emmett Inc), Modification Agreement (Douglas Emmett Inc)
Contents of Notice. Each Additional Advance Notice shall set forth the following information with respect to the Loan subject thereto:
(A) a single, specific borrowing date, which shall be a Business Day;
(B) a single, exact amount for the Loan, which for any Eurodollar Loan, shall be in an aggregate minimum principal amount of $1,000,000 or any multiple of $100,000 in excess thereof (or such lesser amount as shall then constitute the remaining amount of the IPO Closing Date Deferred Funding Commitments);
(C) whether the Loan is to be made as a Eurodollar Loan or a Base Rate Loan; and
(D) if the Loan is to be made as a Eurodollar Loan, the applicable Interest Period. If an Additional Advance Notice shall fail to specify the applicable Interest Period for any Eurodollar Loan requested, such Loan will be made as a Eurodollar Loan with a one month Interest Period.
Appears in 2 contracts
Samples: Modification Agreement (Douglas Emmett Inc), Modification Agreement (Douglas Emmett Inc)