Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.2, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, of such Borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Date.
Appears in 11 contracts
Samples: Credit Agreement (Blackrock Funds), Credit Agreement, Credit Agreement
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing borrowing in accordance with Section 2.22.02(a), the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share of such Borrowingborrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 11 contracts
Samples: Credit Agreement (Highland Funds I), Credit Agreement (Western Asset Global High Income Fund Inc.), Credit Agreement (Invesco High Income Trust II)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing borrowing in accordance with Section 2.22.02 hereof from any Borrower, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share (based on Commitment Percentages) of such Borrowingborrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing such Borrower and shall obligate the borrowing such Borrower to accept the Loans requested by it from the Banks on the Borrowing Datedate of such borrowing.
Appears in 5 contracts
Samples: Credit Agreement (Putnam Sustainable Leaders Fund), Credit Agreement (Allianz Funds), Credit Agreement (Putnam Diversified Income Trust)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing borrowing in accordance with Section 2.22.02(a), the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share (based on Commitment Percentages) of such Borrowingborrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 4 contracts
Samples: Credit Agreement (Rivernorth Opportunities Fund, Inc.), Credit Agreement (Nuveen Global High Income Fund), Credit Agreement (Credit Suisse High Yield Bond Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.2, the Administrative Agent shall promptly notify each Applicable Bank of the contents thereof and of such Bank’s ratable share, if any, of such Borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Date.
Appears in 3 contracts
Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.22.02(a), the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share of such Borrowingborrowing. Such Notice of Borrowing or oral request telephonic notice, as the case may be, shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 3 contracts
Samples: Credit Agreement (Blackrock Floating Rate Income Trust), Credit Agreement (Blackrock Debt Strategies Fund, Inc.), Credit Agreement (Blackrock Corporate High Yield Fund Vi, Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing from the Borrower in accordance with Section 2.22.2 hereof, the Administrative Agent shall promptly shall, on the date such Notice of Borrowing is received by the Administrative Agent, notify each applicable Bank of the contents thereof and of such Bank’s ratable share, if any, Pro Rata Share of such Borrowing. Such Borrowing and of the interest rate applicable thereto and such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower, unless the Borrower and shall obligate the borrowing Borrower pay any applicable expenses pursuant to accept the Loans requested from the Banks on the Borrowing DateSection 2.13.
Appears in 2 contracts
Samples: Credit Agreement (Istar Inc.), Credit Agreement (Istar Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing borrowing in accordance with Section 2.22.02(a) hereof, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share (based on Commitment Percentages) of such Borrowingborrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Credit Suisse Asset Management Income Fund Inc), Credit Agreement (Goldman Sachs MLP & Energy Renaissance Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing borrowing in accordance with Section 2.22.02(a) hereof, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share of such Borrowingborrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (NexPoint Capital, Inc.), Credit Agreement (NexPoint Capital, Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral or electronic request for a Borrowing in accordance with Section 2.22.02, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share, if any, share of such Borrowingborrowing, as applicable. Such Notice of Borrowing or oral or electronic request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Datedate of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Invesco Senior Income Trust), Credit Agreement (Invesco Dynamic Credit Opportunities Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.22.02(a), the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share, if any, of such Borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Date.
Appears in 2 contracts
Samples: Credit Agreement (Prospect Street High Income Portfolio Inc), Credit Agreement (Prospect Street High Income Portfolio Inc)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.2, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share, if any, of such Borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Date.
Appears in 1 contract
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a Borrowing in accordance with Section 2.2, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share, if any, of such Borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the Borrowing Date.. ACTIVE 255598135
Appears in 1 contract
Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.)
