Notice of Committed Borrowing. The Borrower shall give the Administrative Agent a Notice of Borrowing not later than 12:30 P.M. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans; and (d) in the case of a Fixed Rate Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.
Appears in 3 contracts
Samples: Credit Agreement (Valero Refining & Marketing Co), Credit Agreement (Valero Energy Corp/Tx), Credit Agreement (Valero Energy Corp)
Notice of Committed Borrowing. The Borrower shall give the Administrative Agent notice (a "Notice of Borrowing Committed Borrowing") not later than 12:30 P.M. 10:00 A.M. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying:
(a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;,
(b) the aggregate amount of such Borrowing;,
(c) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans; , and
(d) in the case of a Fixed Rate Euro-Dollar Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.
Appears in 2 contracts
Samples: Credit Agreement (Meadwestvaco Corp), Credit Agreement (Westvaco Corp)
Notice of Committed Borrowing. The Borrower shall give the Administrative Agent notice (a “Notice of Borrowing Committed Borrowing”), signed by a Responsible Officer, not later than 12:30 P.M. 12:00 Noon (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying:
(a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;,
(b) the aggregate amount of such Borrowing;,
(c) whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-Dollar Loans; , and
(d) in the case of a Fixed Rate Euro-Dollar Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.
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