Federal Funds Rate or Prime-Based Rate. If Borrower wishes to borrow funds at the Federal Funds Rate or the Prime-Based Rate or to change the rate of interest on any Loan or any portion thereof, to such rate, it shall, at or before l2:00 noon, Chicago time, on the date such borrowing or change is to take effect, which shall be a Banking Day of Lender, give Lender written notice thereof, which shall be irrevocable. Such notice shall specify the advance and the desired interest rate option.
Appears in 3 contracts
Samples: Revolving Credit Agreement (First Community Bancorp /Ca/), Revolving Credit Agreement (First Community Bancorp /Ca/), Revolving Credit Agreement (First Community Bancorp /Ca/)
Federal Funds Rate or Prime-Based Rate. If Borrower wishes to borrow funds at the Federal Funds Rate or the Prime-Based Rate or to change the rate of interest on any Loan or any portion thereof, to such rate, it shall, at or before l2:00 12:00 noon, Chicago time, on the date such borrowing or change is to take effect, which shall be a Banking Day of Lender, give Lender written or telephonic notice thereof, which shall be irrevocable. Such notice shall specify the advance and the desired interest rate option.
Appears in 1 contract
Samples: Revolving Credit Agreement (First Community Bancorp /Ca/)
Federal Funds Rate or Prime-Based Rate. If Borrower wishes to borrow funds at the Federal Funds Rate or the Prime-Based Rate or to change the rate of interest on any Loan or any portion thereof, to such rate, it shall, at or before l2:00 noon, Chicago New York time, on the date such borrowing or change is to take effect, which shall be a New York Banking Day of LenderDay, give Lender written notice thereof, which shall be irrevocable. Such notice shall specify the advance and the desired interest rate option.
Appears in 1 contract
Samples: Revolving Credit Agreement (Centennial Bank Holdings, Inc.)
