Drawdown Procedures. Upon receipt by the Agent from the Borrower of a Draw Request, Conversion Notice or Rollover Notice in respect of a LIBOR Loan, the Agent will promptly advise the Borrower of the LIBO Rate, such rate to be determined as at approximately 11:00 a.m. London, England time, two (2) LIBOR Business Days before the commencement of the LIBOR Period for such LIBOR Loan.
Appears in 2 contracts
Samples: Credit Agreement (Tucows Inc /Pa/), Credit Agreement (Tucows Inc /Pa/)
Drawdown Procedures. Upon receipt by the Agent from the a Borrower of a Draw Drawdown Request, Conversion Notice or Rollover Notice in respect of a LIBOR Loan, the Agent will promptly advise the applicable Borrower of the LIBO Rate, such rate to be determined as at approximately 11:00 a.m. London, England United Kingdom time, two (2) LIBOR Business Days before the commencement of the LIBOR Period for such LIBOR Loan.
Appears in 1 contract
Samples: Credit Agreement
Drawdown Procedures. Upon receipt by the Agent from the Borrower of a Draw Drawdown Request, Conversion Notice or Rollover Notice in respect of a LIBOR Loan, the Agent will promptly advise the Borrower of the LIBO Rate, such rate to be determined as at approximately 11:00 a.m. London, England time, two (2) LIBOR Business Days before the commencement of the LIBOR Period for such LIBOR Loan.
Appears in 1 contract
