Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, notify each Bank of the contents thereof and of such Bank’s share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13. (b) Not later than 1:00 p.m. (Charlotte, North Carolina time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (d) of this Section) make available its share of such Borrowing in Federal funds immediately available in Charlotte, North Carolina, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 3 contracts
Samples: Credit Agreement (Eop Operating LTD Partnership), Credit Agreement (Equity Office Properties Trust), Credit Agreement (Equity Office Properties Trust)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent 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 share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.132.14.
(b) Not later than 1:00 2:00 p.m. (Charlotte, North Carolina New York City time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (d) of this Section) make available its share of such Borrowing in Federal funds immediately available in CharlotteNew York, North CarolinaNew York, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 2 contracts
Samples: Credit Agreement (Amb Property Corp), Credit Agreement (Amb Property Lp)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof2.2, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, promptly notify each Bank of the contents thereof and of such Bank’s share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13.
(b) Not later than 1:00 p.m. (Charlotte, North Carolina Dallas time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (dc) of this Section) make available its share of such Borrowing in Federal funds immediately available in Charlotte, North CarolinaDallas, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 2 contracts
Samples: Credit Agreement (Equity Residential), Credit Agreement (Erp Operating LTD Partnership)
Notice to Banks; Funding of Loans. (a) Upon receipt of a the Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, notify each Bank of the contents thereof and of such Bank’s share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13.
(b) Not later than 1:00 p.m. (Charlotte, North Carolina New York City time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (d) of this Section) make available its share of such Borrowing in Federal funds immediately available in Charlotte, North CarolinaNew York City, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 1 contract
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, promptly notify each Bank of the contents thereof and of such Bank’s share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13.
(b) Not later than 1:00 p.m. (Charlotte, North Carolina Dallas time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (dc) of this Section) make available its share of such Borrowing in Federal funds immediately available in Charlotte, North CarolinaDallas, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 1 contract
Samples: Revolving Credit Agreement (Erp Operating LTD Partnership)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent shall, on the date such Notice of Borrowing is received by the Administrative Agent, promptly notify each Bank of the contents thereof and of such Bank’s share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.13.
(b) Not later than 1:00 p.m. (Charlotte, North Carolina Chicago time) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (dc) of this Section) make available its share of such Borrowing in Federal funds immediately available in Charlotte, North CarolinaChicago, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 1 contract
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing from Borrower in accordance with Section 2.2 hereof, the Administrative Agent 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 share of such Borrowing, of the interest rate determined pursuant thereto and the Interest Period(s) (if different from those requested by the Borrower) and such Notice of Borrowing shall not thereafter be revocable by the Borrower, unless Borrower shall pay any applicable expenses pursuant to Section 2.132.14.
(b) Not later than 1:00 2:00 p.m. (Charlotte, North Carolina timelocal time to the principal financial center) on the date of each Borrowing as indicated in the applicable Notice of Borrowing, each Bank shall (except as provided in subsection (d) of this Section) make available its share of such Borrowing in Federal funds Euros immediately available in Charlotte, North Carolinathe principal financial center, to the Administrative Agent at its address referred to in Section 9.1.
Appears in 1 contract
Samples: Credit Agreement (Amb Property Lp)