Common use of Notice of Committed Borrowing Clause in Contracts

Notice of Committed Borrowing. The Company shall give the Agent notice (a "Notice of Committed Borrowing") not later than (x) 10:45 A.M. (Toronto time) on the date of each Base Rate Borrowing and (y) 1:00 P.M. (Toronto time) on the third Euro-Currency Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Currency Business Day in the case of a Euro-Dollar Borrowing; (ii) the aggregate amount of such Borrowing; (iii) whether the Loans comprising such Borrowing bear interest initially at the Base Rate or at a Euro-Dollar Rate; and (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Notwithstanding the foregoing, no more than eleven Euro-Dollar Borrowings shall be outstanding at any one time, and any Borrowing which would exceed such limitation shall be made as a Base Rate Borrowing.

Appears in 2 contracts

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

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Notice of Committed Borrowing. The Company Borrower shall give the Agent notice (a "Notice of Committed BorrowingNOTICE OF COMMITTED BORROWING") not later than (x) 10:45 A.M. (Toronto New York City time) on the date of each Base Rate Borrowing and (y) 1:00 P.M. (Toronto New York City time) on the third Euro-Currency Dollar Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Currency Dollar Business Day in the case of a Euro-Dollar Borrowing; (ii) the aggregate amount of such Borrowing; (iii) whether the Loans comprising such Borrowing bear interest initially at the Base Rate or at a Euro-Dollar Rate; and (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Notwithstanding the foregoing, no more than eleven Euro-Dollar Borrowings shall be outstanding at any one time, and any Borrowing which would exceed such limitation shall be made as a Base Rate Borrowing.

Appears in 2 contracts

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

Notice of Committed Borrowing. The Company shall give the Agent notice (a "Notice of Committed BorrowingNOTICE OF COMMITTED BORROWING") not later than (x) 10:45 A.M. (Toronto time) on the date of each Base Rate Borrowing and (y) 1:00 P.M. (Toronto time) on the third Euro-Currency Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Currency Business Day in the case of a Euro-Dollar Borrowing; (ii) the aggregate amount of such Borrowing; (iii) whether the Loans comprising such Borrowing bear interest initially at the Base Rate or at a Euro-Dollar Rate; and (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Notwithstanding the foregoing, no more than eleven Euro-Dollar Borrowings shall be outstanding at any one time, and any Borrowing which would exceed such limitation shall be made as a Base Rate Borrowing.

Appears in 2 contracts

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

Notice of Committed Borrowing. The Company shall give the Agent notice (a "Notice of Committed Borrowing") not later than (x) 10:45 A.M. (Toronto time) on the date of each Base Rate Borrowing and (y) 1:00 P.M. (Toronto time) on the third Euro-Currency Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Currency Business Day in the case of a Euro-Dollar Borrowing;; 11 (ii) the aggregate amount of such Borrowing; (iii) whether the Loans comprising such Borrowing bear interest initially at the Base Rate or at a Euro-Dollar Rate; and (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Notwithstanding the foregoing, no more than eleven Euro-Dollar Borrowings shall be outstanding at any one time, and any Borrowing which would exceed such limitation shall be made as a Base Rate Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Nortel Networks Corp), 364 Day Credit Agreement (Nortel Networks LTD)

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Notice of Committed Borrowing. The Company Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing") (x) not later than (x) 10:45 9:00 A.M. (Toronto San Francisco, California time) on the date of each Base Rate Borrowing and (y) 1:00 P.M. not later than 10:30 A.M. (Toronto San Francisco, California time) on the third Euro-Currency Dollar Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Currency Dollar Business Day in the case of a Euro-Dollar Borrowing; (ii) the aggregate amount of such Borrowing; (iii) whether the Loans comprising such Borrowing bear interest initially at the are to be Base Rate Loans or at a Euro-Dollar RateLoans; and (iv) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Notwithstanding the foregoing, no more than eleven 10 Euro-Dollar Borrowings shall be outstanding at any one time, and any Borrowing which would exceed such limitation shall be made as a Base Rate Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Cisco Systems Inc)

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