Common use of Notice of Committed Borrowings Clause in Contracts

Notice of Committed Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing"), substantially in the form of Exhibit D hereto, not later than 8:30 A.M. (California local time) on (y) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of Committed Borrowing not later than 10:00 A.M. (California local time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), and (z) 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 Euro-Dollar Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not more than twelve Committed Borrowings which are Euro-Dollar Borrowings having different Interest Periods shall be outstanding at any time.

Appears in 2 contracts

Samples: Multi Year Credit Agreement (Park Place Entertainment Corp), Credit Agreement (Park Place Entertainment Corp)

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Notice of Committed Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing"), substantially in the form of Exhibit D hereto, not later than 8:30 A.M. (California local time) on (y) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of Committed Borrowing not later than 10:00 A.M. (California local time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), and (z) 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 Euro-Dollar Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not more than twelve Committed Borrowings which are Interest Periods with respect to Euro-Dollar Borrowings having different Interest Periods Loans shall be outstanding in effect at any time.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Notice of Committed Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing"), substantially in the form of Exhibit D hereto, ) not later than 8:30 11:30 A.M. (California local New York City time) on (y) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of Committed Borrowing not later than 10:00 A.M. 1:00 P.M. (California local New York City time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), ) and (z) 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 Domestic 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 Committed Euro-Dollar Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not more than twelve Committed Borrowings which are Euro-Dollar Borrowings having different Interest Periods shall be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Notice of Committed Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing"), substantially in the form of Exhibit D hereto, ) not later than 8:30 11:30 A.M. (California local New York City time) on (yw) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of Committed Borrowing not later than 10:00 A.M. 1:00 P.M. (California local New York City time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), and (zx) the second Domestic Business Day before each CD Borrowing, (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing and (z) the fourth Euro-Currency Business Day before each Alternative Currency Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Domestic Borrowing or a Euro-Dollar Currency Business Day for the relevant currency in the case of a Euro-Dollar Currency Borrowing;, (b) the currency and aggregate amount (in such currency) of such Borrowing;, (c) if such Borrowing is comprised of Dollar-Denominated Loans, whether the Loans comprising such Borrowing are to be CD Loans, Base Rate Loans or Euro-Dollar Loans; , and (d) in the case of a Euro-Dollar Committed Fixed Rate Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not more than twelve Committed Borrowings which are Euro-Dollar Borrowings having different Interest Periods shall be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

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Notice of Committed Borrowings. The Borrower shall give ------------------------------ the Administrative Agent notice (a "Notice of Committed Borrowing"), ) substantially in the form of Exhibit D hereto, 2.02 not later than 8:30 A.M. 10:00 a.m. (California local Houston time) on (yi) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of or each Euro-Dollar Committed Borrowing not later than 10:00 A.M. (California local time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), with an Interest Period of seven days or less and (zii) the third Euro-Euro- Dollar Business Day before each Euro-Dollar BorrowingCommitted Borrowing with an Interest Period greater than seven days, specifying: (a) the date of such Committed 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 Committed Borrowing; (b) the aggregate amount of such Committed Borrowing; (c) whether the Loans comprising such Committed Borrowing are to be Base Rate Loans or Euro-Dollar Committed Loans; and; (d) in the case of a Euro-Dollar Committed Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not ; (e) the aggregate outstanding principal amount of Debt of the Borrower and its Subsidiaries incurred after the Effective Date and, if required, a calculation as of the date of such Notice of Committed Borrowing pursuant to Section 5.09(a); (f) more than twelve one Notice of Committed Borrowings which are Borrowing may be given on any Domestic Business Day or any Euro-Dollar Borrowings having different Interest Periods shall be outstanding at any timeBusiness Day, as the case may be.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Petrochemical Co)

Notice of Committed Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Committed Borrowing"), substantially in the form of Exhibit D J hereto, not later than 8:30 11:30 A.M. (California local New York City time) on (yw) the date of each Base Rate Borrowing (or, if the Borrower shall have requested Money Market Quotes in an Absolute Rate Auction to be submitted on such date but shall not have accepted such Money Market Quotes in the full amount requested, then the Borrower may give a Notice of Committed Borrowing not later than 10:00 A.M. 1:00 P.M. (California local New York City time) on such date for the smallest amount permitted under Section 2.01 which is sufficient to fund the shortfall), and (zx) the second Domestic Business Day before each CD Borrowing, (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing and (z) the fourth Euro-Currency Business Day before each Alternative Currency Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Base Rate Domestic Borrowing or a Euro-Dollar Currency Business Day for the relevant currency in the case of a Euro-Dollar Currency Borrowing; (b) the currency and aggregate amount (in such currency) of such Borrowing; (c) if such Borrowing is comprised of Dollar Denominated Loans, whether the Loans comprising such Borrowing are to be CD Loans, Base Rate Loans or Euro-Dollar Loans; and (d) in the case of a Euro-Dollar Committed Fixed Rate Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period. Not more than twelve Committed Borrowings which are Euro-Dollar Borrowings having different Interest Periods shall be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

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