Common use of Notice of Committed Borrowing Clause in Contracts

Notice of Committed Borrowing. The Borrower shall give the Servicing Agent notice (a “Notice of Committed Borrowing”) not later than 11:00 A.M. (New York City time) on (a) the date of each Base Rate Borrowing and (b) the third Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Business Day, (ii) the aggregate amount of such Borrowing, (iii) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans, 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.

Appears in 4 contracts

Samples: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

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Notice of Committed Borrowing. The Borrower shall give the Servicing Agent notice (a “Notice of Committed Borrowing”) not later than 11:00 A.M. (a) 1:00 P.M. (New York City time) on (a) the date of each Base Rate Borrowing and (b) 11:00 A.M. (New York City time) the third Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Business Day, (ii) the aggregate amount of such Borrowing, (iii) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans, 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.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

Notice of Committed Borrowing. The Borrower shall give the Servicing Agent notice (a "Notice of Committed Borrowing") not later than 11:00 10:30 A.M. (New York City time) on (ax) the date of each Base Rate Borrowing and (by) the third Business Day before each Euro-Dollar Borrowing, specifying: : (i) the date of such Borrowing, which shall be a Business Day, , (ii) the aggregate amount of such Borrowing, , (iii) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans, and 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.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

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Notice of Committed Borrowing. The Borrower shall give the Servicing Agent notice (a “Notice of Committed "NOTICE OF COMMITTED Borrowing") not later than 11:00 10:30 A.M. (New York City time) on (a1) the date of each Base Rate Borrowing and (b2) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (i) the date of such Borrowing, which shall be a Domestic Business Day,Day in the case of a Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (ii) the aggregate amount of such Borrowing,; (iii) whether the initial Type of Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans, Borrowing; 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.

Appears in 1 contract

Samples: Credit Agreement (Tyco International LTD /Ber/)

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