Common use of Notice of Fundings Clause in Contracts

Notice of Fundings. (a) From time to time, but not more frequently than six (6) times each calendar month, the Borrower may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 2:00 p.m., New York City time, five (5) Business Days prior to the proposed Funding Date; provided, that such prior notice period shall not apply to the initial Funding. Each Funding Notice delivered pursuant to this Section 2.02 shall be irrevocable and shall refer to this Agreement and specify (x) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (y) the requested Funding Date (which shall be a Business Day) and (z) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (First United Ethanol LLC)

AutoNDA by SimpleDocs

Notice of Fundings. (a) From time to time, but not more frequently than six (6) times each calendar month, the Borrower Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 2:00 p.m.12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided, however, that such prior notice period shall not apply to the initial Funding. Each Funding Notice delivered pursuant to this Section 2.02 2.03 shall be irrevocable and shall refer to this Agreement and specify (xi) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (yii) the requested Funding Date (which shall be a Business Day) ), and (ziii) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.)

Notice of Fundings. (aiii) From time to time, but not more frequently than six (6) times each calendar month, the Borrower Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 2:00 p.m.12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided, however, that such prior notice period shall not apply to the initial Funding. Each Funding Notice delivered pursuant to this Section 2.02 2.03 shall be irrevocable and shall refer to this Agreement and specify (xi) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (yii) the requested Funding Date (which shall be a Business Day) ), and (ziii) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.)

AutoNDA by SimpleDocs

Notice of Fundings. (a) From time to time, but not more frequently than six (6) times each per calendar month, the Borrower Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 2:00 p.m.12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided, provided that in the case of the Loans to be made on the Closing Date such prior notice five (5) Business Days period shall not apply to the initial Fundingis hereby waived. Each Funding Notice delivered pursuant to this Section 2.02 shall be irrevocable and shall refer to this Agreement and specify (xi) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (yii) the requested Funding Date (which shall be a Business Day) and (ziii) the amount of such requested Funding.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!