Common use of Initial Advances Clause in Contracts

Initial Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business Day's irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given.

Appears in 4 contracts

Samples: Credit Agreement (Western Wireless Corp), Loan Agreement (Cellnet Data Systems Inc), Loan Agreement (Cellnet Data Systems Inc)

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Initial Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business Day's irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given.the

Appears in 1 contract

Samples: Loan Agreement (Western Wireless Corp)

Initial Advances. The Borrower shall give the ---------------- Administrative Agent in the case of Base Prime Rate Advances at least one (1) Business Day's irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given.

Appears in 1 contract

Samples: Stock Pledge Agreement (Evergreen Media Corp)

Initial Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business Day's irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice 29 with a Request for Advance shall not invalidate any notice so given.

Appears in 1 contract

Samples: Loan Agreement (Western Wireless Corp)

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Initial Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business Day's Days' irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given. Upon receipt of such notice from the Borrower, the Administrative Agent shall promptly notify each Bank by telephone or telecopy of the contents thereof.

Appears in 1 contract

Samples: Pledge Agreement (General Communication Inc)

Initial Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances at least one (1) Business Day's irrevocable prior written notice in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (State Communications Inc)

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