Common use of Money Market Quote Request Clause in Contracts

Money Market Quote Request. When a Borrower wishes to request offers to make Money Market Loans under this Section, it shall transmit to the Administrative Agent by telex or facsimile transmission a Money Market Quote Request so as to be received no later than 11:00 A.M. (New York City time) on (x) the fifth Euro-Dollar Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction or (y) the Domestic Business Day next preceding the date of Borrowing proposed therein, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Company and the Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective) specifying: (i) the proposed date of Borrowing, which shall be a Euro-Dollar Business Day in the case of a LIBOR Auction or a Domestic Business Day in the case of an Absolute Rate Auction, (ii) the aggregate amount of such Borrowing, which shall be $15,000,000 or a larger 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.

Appears in 1 contract

Samples: Credit Agreement (Venator Group Inc)

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Money Market Quote Request. When a the Borrower wishes to request offers to make Money Market Loans under this Section, it shall transmit to the Administrative Payment and Disbursement Agent by telex or facsimile transmission a Money Market Quote Request substantially in the form of Exhibit H hereto so as to be received no not later than 11:00 10:30 A.M. (New York City time) on (x) the fifth Euro-Dollar (5th) Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction therein (or (y) the Domestic Business Day next preceding the date of Borrowing proposed therein, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Company Borrower and the Administrative Payment and Disbursement Agent shall have mutually agreed and shall have notified to the Banks Lenders not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate IBOR Auction (as applicable) for which such change is to be effective) specifying: (i) 2.2.2.0.1. whether the proposed Borrowing is to be of Eurodollar Money Market Loans or IBOR Money Market Loans, 2.2.2.0.2. the proposed date of Borrowing, which shall be a Euro-Dollar Business Day in the case of a LIBOR Auction or a Domestic Business Day in the case of an Absolute Rate AuctionDay, (ii) 2.2.2.0.3. the aggregate amount of such Borrowing, which shall be $15,000,000 25,000,000 or a larger multiple of $1,000,000, (iii) 2.2.2.0.4. the duration of the Eurodollar Interest Period applicable thereto, subject or the IBOR Interest Period applicable thereto (as applicable), subject, in each case, to the provisions of the definition of Interest PeriodSection 5.2(b), and (iv) whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate.

Appears in 1 contract

Samples: Credit Agreement (Simon Property Group L P /De/)

Money Market Quote Request. When a Borrower wishes to request offers to make Money Market Loans under this Section, it shall transmit to the Administrative Agent by telex or facsimile transmission a Money Market Quote Request so as to be received no later than 11:00 A.M. (New York City time) on (x) the fifth Euro-Dollar Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction or (y) the Domestic Business Day next preceding the date of Borrowing proposed therein, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Company and the Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective) specifying: (i) the proposed date of Borrowing, which shall be a Euro-Dollar Business Day in the case of a LIBOR Auction or a Domestic Business Day in the case of an Absolute Rate Auction, (ii) the aggregate amount of such Borrowing, which shall be $15,000,000 or a larger 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.

Appears in 1 contract

Samples: Credit Agreement (Foot Locker Inc)

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Money Market Quote Request. When a Borrower wishes to request offers to make Money Market Loans under this Section, it shall transmit to the Administrative Agent by telex or facsimile transmission a request executed on behalf of such Borrower by its Authorized Officers (a "Money Market Quote Request Request") substantially in the form of Exhibit I hereto so as to be received no later than 11:00 10:00 A.M. (New York City time) on (x) the fifth Euro-Dollar Business Day prior to the date of Borrowing proposed therein, in the case of a LIBOR Auction therein (or (y) the Domestic Business Day next preceding the date of Borrowing proposed therein, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the Company Borrowers and the Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBOR Auction or Absolute Rate Auction for which such change is to be effective) specifying: (i) the proposed date of Borrowing, which shall be a Euro-Dollar Business Day day on which commercial banks in the case of a LIBOR Auction or a Domestic Business Day in the case of an Absolute Rate Auction,relevant market are open for business; (ii) the aggregate amount of such Borrowing, which shall be $15,000,000 25,000,000 or a larger multiple of $1,000,000,1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.02(b)); (iii) whether the Borrowing is to be made under the 364-Day Revolver or the Multi-Year Revolver; (iv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period, ; and (ivv) whether the type of interest rate for which Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Raterequested.

Appears in 1 contract

Samples: Credit Agreement (Hancock John Financial Services Inc)

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