Common use of Contents of Notice Clause in Contracts

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)

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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)

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