Common use of Notice to Banks Clause in Contracts

Notice to Banks. Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the Borrower.

Notice to Banks. Upon receipt of a Notice notice of Borrowingprepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank's ratable share of such Borrowing prepayment and such Notice of Borrowing notice shall not thereafter be revocable by the Borrower.