Common use of Money Market Quote Request Clause in Contracts

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market Loans, it shall transmit to the Auction Agent a Money Market Quote Request so as to be received (x) no later than 12:00 p.m. New York time on the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) no later than 12:00 p.m. New York time on the Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, specifying: (i) the proposed date of borrowing, which shall be a Business Day; (ii) the aggregate amount of such borrowing, which shall be $10,000,000 or a larger whole multiple of $1,000,000; (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three Interest Periods in a single Money Market Quote Request. No Money Market Quote Request shall be given within five Business Days of any other Money Market Quote Request.

Appears in 5 contracts

Samples: 364 Day Credit Agreement (American Honda Finance Corp), Five Year Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

AutoNDA by SimpleDocs

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market Loans, it shall transmit to the Auction Agent a Money Market Quote Request so as to be received (x) no later than 12:00 p.m. New York time on the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Eurocurrency Rate Auction or (y) no later than 12:00 p.m. New York time on the Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, specifying: (i) the proposed date of borrowing, which shall be a Business Day; (ii) the aggregate amount of such borrowing, which shall be $10,000,000 or a larger whole multiple of $1,000,000; (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three Interest Periods in a single Money Market Quote Request. No Money Market Quote Request shall be given within five Business Days of any other Money Market Quote Request.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp), Five Year Credit Agreement (American Honda Finance Corp)

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market Loans, it shall transmit to the Auction Agent a Money Market Quote Request so as to be received (x) no later than 12:00 p.m. New York 9:00 a.m. Los Angeles time on the fourth Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) no later than 12:00 p.m. New York 9:00 a.m. Los Angeles time on the Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, specifying: (i) the proposed date of borrowing, which shall be a Business Day; (ii) the aggregate amount of such borrowing, which shall be $10,000,000 or a larger whole multiple of $1,000,000; (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three Interest Periods in a single Money Market Quote Request. No Money Market Quote Request shall be given within five Business Days of any other Money Market Quote Request.

Appears in 2 contracts

Samples: Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market LoansLoans under this Section, it shall transmit to the Auction Agent by telex or facsimile transmission a Money Market Quote Request substantially in the form of Exhibit B hereto so as to be received not later (xi) no later than 12:00 p.m. New York time on the fourth proposed date of Borrowing, which shall be a Euro-Dollar Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Auction or (y) no later than 12:00 p.m. New York time on the a Domestic Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, specifying: (i) the proposed date of borrowing, which shall be a Business Day;, (ii) the aggregate amount of such borrowingBorrowing, which shall be $10,000,000 25,000,000 or a larger whole multiple of $1,000,000;5,000,000, (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; , and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three Interest Periods Period in a single Money Market Quote Request. No Money Market Quote Request shall be given within five two Euro-Dollar Business Days (or such other number of days as the Borrower and the Agent may agree) of any other Money Market Quote Request.

Appears in 2 contracts

Samples: Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp)

AutoNDA by SimpleDocs

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market LoansLoans under this Section 2.03, it shall transmit to the Auction Agent a an Invitation for Money Market Quote Request Quotes substantially in the form of Exhibit F hereto to each of the Banks by telex or facsimile transmission so as to be received (x) no later than 12:00 p.m. 10:00 A.M. (New York time City time) on the fourth Domestic Business Day prior to next preceding the date of borrowing Borrowing proposed therein, in the case of a LIBOR Auction or (y) no later than 12:00 p.m. New York time on the Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, therein specifying: (i) the proposed date of borrowingBorrowing, which shall be a Domestic Business Day;, (ii) the aggregate amount of such borrowingBorrowing, which shall be $10,000,000 5,000,000 or a larger whole multiple of $1,000,000;, and (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three up to six different Interest Periods in a single Invitation for Money Market Quote RequestQuotes. No Invitation for Money Market Quote Request Quotes shall be given within five three Domestic Business Days of any other Invitation for Money Market Quote RequestQuotes.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aramark Corp)

Money Market Quote Request. When the Borrower wishes to request offers to make Money Market Loans, it shall transmit to the Auction Agent a Money Market Quote Request so as to be received (x) no later than 12:00 p.m. New York time on the fourth U.S Government Securities Business Day prior to the date of borrowing proposed therein, in the case of a LIBOR Term SOFR Auction or (y) no later than 12:00 p.m. New York time on the Business Day prior to the date of borrowing proposed therein, in the case of an Absolute Rate Auction, in each case, specifying: (i) the proposed date of borrowing, which shall be a Business Day; (ii) the aggregate amount of such borrowing, which shall be $10,000,000 or a larger whole multiple of $1,000,000; (iii) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate. The Borrower may request offers to make Money Market Loans for more than one but no more than three Interest Periods in a single Money Market Quote Request. No Money Market Quote Request shall be given within five Business Days of any other Money Market Quote Request.

Appears in 1 contract

Samples: 364 Day Credit Agreement (American Honda Finance Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!