Method of Selecting Types and Interest Periods for New Revolving Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Designated Agent irrevocable notice in the form of Exhibit D (a “Borrowing Notice”) not later than 1:00 p.m. (Eastern time) on the Borrowing Date of each Base Rate Advance and two (2) Business Days before the Borrowing Date for each Term SOFR Advance in Dollars, specifying:
Appears in 2 contracts
Samples: Credit Agreement (M.D.C. Holdings, Inc.), Credit Agreement (M.D.C. Holdings, Inc.)
Method of Selecting Types and Interest Periods for New Revolving Advances. The Borrower shall select the Class and Type of Advance and, in the case of each Term SOFR Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Designated Administrative Agent irrevocable notice in the form of Exhibit D (a “Borrowing Notice”) not later than 1:00 p.m. 10 a.m. (Eastern Pacific time) on the Borrowing Date of each Base Rate Advance and Advance, two (2) Business Days before the Borrowing Date for each Daily SOFR Advance and each Term SOFR Advance in Dollars, specifying:
Appears in 2 contracts
Samples: Credit Agreement (Tri Pointe Homes, Inc.), Credit Agreement (Tri Pointe Homes, Inc.)
