Common use of Drawdown Procedures Clause in Contracts

Drawdown Procedures. (a) 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. Interest Payment Dates

Drawdown Procedures. (a) 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. Interest Payment Dates.

Drawdown Procedures. (a) 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. Interest Payment Dates.