Common use of Notice of Bids; Advice of Rate Clause in Contracts

Notice of Bids; Advice of Rate. The Agent shall give telephonic notice to the Borrower no later than 9:15 a.m. (Chicago time) on the proposed Borrowing Date of the number of Bids received, the interest rate(s) and Interest Period(s) applicable to each Bid, the maximum principal amount bid at each interest rate for each Interest Period, and the identity of the Bank making such Bid. The Agent shall send a written summary of all Bids received by it to the Borrower on the same day.

Appears in 1 contract

Samples: Information Resources Inc

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Notice of Bids; Advice of Rate. The Agent shall give telephonic notice to the Borrower no later than 9:15 10:00 a.m. (Chicago time) on the proposed Borrowing Date of the number of Bids receivedmade, the interest rate(s) and Interest Period(s) applicable to each Bid, the maximum principal amount bid at each interest rate for each Interest Period, and the identity of the Bank making such Bid. The Agent shall send a written summary of all Bids received by it to the relevant Borrower on the same day.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Notice of Bids; Advice of Rate. The Agent shall give telephonic notice to the Borrower Company no later than 9:15 a.m. (Chicago New York time) on the proposed Borrowing Date of the number of Bids receivedmade, the interest rate(s) and Interest Period(s) maturities applicable to each Bid, the maximum principal amount bid at each interest rate for each Interest Periodmaturity, and the identity of the Bank making making, such Bid. The Agent shall send a written summary of all Bids received by it to the Borrower Company on the same day.

Appears in 1 contract

Samples: Credit Agreement (Phoenix Companies Inc/De)

Notice of Bids; Advice of Rate. The Agent shall give telephonic notice to the Borrower no later than 9:15 10:00 a.m. (Chicago time) on the proposed Borrowing Date of the number of Bids receivedmade, the interest rate(s) and Interest Period(s) applicable to each Bid, the maximum principal amount bid at each interest rate for each Interest Period, and the identity of the Bank making such Bid. The Agent shall send a written summary of all Bids received by it to the Borrower Company on the same day.

Appears in 1 contract

Samples: Titan Wheel International Inc

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Notice of Bids; Advice of Rate. The Agent shall give telephonic notice to the Borrower Company (acting on behalf of the Borrowers) no later than 9:15 10:00 a.m. (Chicago time) on the proposed Borrowing Date of the number of Bids receivedmade, the interest rate(s) and Interest Period(s) applicable to each Offer contained in each Bid, the maximum principal amount bid at each interest rate for each Interest Period, and the identity of the Bank making such Bid. The Agent shall send a written summary of all Bids received by it to the Borrower Company on the same day.

Appears in 1 contract

Samples: Credit Agreement (Titan International Inc)

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