Common use of Notice Requirements for Advances Clause in Contracts

Notice Requirements for Advances. Each Advance shall be made: (a) without notice, in the case of Overdraft Advances pursuant to Section 3.14 which do not exceed an aggregate of Cdn.$10,000,000 (or the Equivalent Amount in US Dollars) on any Business Day; (b) on at least two Business Days’ prior written notice, in the case of Prime Rate Advances exceeding Cdn.$10,000,000 or Base Rate Advances exceeding US$10,000,000; (c) on at least one Business Day’s prior written notice, in the case of any Prime Rate Advance or Base Rate Advance not described in paragraphs (a) or (b) above; and (d) on at least three Business Days’ prior written notice, in the case of a Libor Advance. Notice shall be given not later than 9:00 a.m. (Vancouver time) by a Borrower to the Administration Agent by way of a Borrowing Notice. The Administration Agent shall give each Lender prompt notice thereof and of such Lender’s rateable portion of such Advance.

Notice Requirements for Advances. Each Advance shall be made: (a) without notice, in the case of Overdraft Advances pursuant to Section 3.14 which do not exceed an aggregate of Cdn.$10,000,000 (or the Equivalent Amount in US Dollars) on any Business Day; (b) on at least two Business Days’ ' prior written notice, in the case of Prime Rate Advances exceeding Cdn.$10,000,000 or Base Rate Advances exceeding US$10,000,000; (c) on at least one Business Day’s 's prior written notice, in the case of any Prime Rate Advance or Base Rate Advance not described in paragraphs (a) or (b) above; and (d) on at least three Business Days’ ' prior written notice, in the case of a Libor Advance. Notice shall be given not later than 9:00 a.m. (Vancouver time) by a Borrower to the Administration Agent by way of a Borrowing Notice. The Administration Agent shall give each Lender prompt notice thereof and of such Lender’s 's rateable portion of such Advance.