Common use of Notice to the Borrower Clause in Contracts

Notice to the Borrower. The Administrative Agent shall (x) in the case of a LIBOR Auction, by 9:00 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted or (y) in the case of a Base Rate Auction, CD Rate Auction or an Absolute Rate Auction, by 7:30 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted, notify the Borrower by telecopy of the terms (i) of any Competitive Bid Loan Quote submitted by a Lender that is in accordance with Section 2.03(d) hereof and (ii) of any Competitive Bid Loan Quote that amends, modifies or is otherwise inconsistent with a previous Competitive Bid Loan Quote submitted by such Lender with respect to the same Competitive Bid Loan Quote Request. Any such subsequent Competitive Bid Loan Quote shall be disregarded by the Administrative Agent unless such subsequent Competitive Bid Loan Quote is submitted solely to correct a manifest error in such former Competitive Bid Loan Quote. The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of each Competitive Bid Loan for which Competitive Bid Loan Quotes have been received for each Interest Period specified in the related Competitive Bid Loan Quote Request, (B) the respective principal amounts and LIBOR - based Margins, CD Rate Margins, Base Rate Margins or Absolute Rates, as the case may be, so offered by each Lender, identifying the Lender that made each Competitive Bid Loan Quote and (C) if the Administrative Agent is notifying the Borrower of more than one Competitive Bid Loan Quote for a single Interest Period, the Administrative Agent shall arrange the Competitive Bid Loan Quotes in ascending yield order.

Notice to the Borrower. The Administrative Funding Agent shall (x) in the case of a LIBOR Auction, by 9:00 a.m., Los Angeles 12:00 Noon Pittsburgh time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted or (y) in the case of a Base Rate Auction, CD Rate Auction or an Absolute Rate Auction, by 7:30 a.m., Los Angeles 10:15 a.m. Pittsburgh time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted, notify the Borrower by telex or telecopy of the terms (i) of any Competitive Bid Loan Quote submitted by a Lender that is in accordance with Section 2.03(d) hereof and (ii) of any Competitive Bid Loan Quote that amends, modifies or is otherwise inconsistent with a previous Competitive Bid Loan Quote submitted by such Lender with respect to the same Competitive Bid Loan Quote Request. Any such subsequent Competitive Bid Loan Quote shall be disregarded by the Administrative Funding Agent unless such subsequent Competitive Bid Loan Quote is submitted solely to correct a manifest error in such former Competitive Bid Loan Quote. The Administrative Funding Agent's notice to the Borrower shall specify (A) the aggregate principal amount of each Competitive Bid Loan for which Competitive Bid Loan Quotes have been received for each Interest Period specified in the related Competitive Bid Loan Quote Request, (B) the respective principal amounts and LIBOR - LIBOR-based Margins, CD Rate Margins, Base Rate Margins Margins, or Absolute Rates, as the case may be, so offered by each Lender, identifying the Lender that made each Competitive Bid Loan Quote and (C) if the Administrative Funding Agent is notifying the Borrower of more than one Competitive Bid Loan Quote for a single Interest Period, the Administrative Funding Agent shall arrange the Competitive Bid Loan Quotes in ascending yield order.

Notice to the Borrower. The Administrative Agent shall (x) in the case of a LIBOR Auction, by 9:00 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted or (y) in the case of a Base Rate Auction, CD Rate Auction or an Absolute Rate Auction, by 7:30 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted, notify the Borrower by telecopy of the terms (i) of any Competitive Bid Loan Quote submitted by a Lender that is in accordance with Section 2.03(d) hereof and (ii) of any Competitive Bid Loan Quote that amends, modifies or is otherwise inconsistent with a previous Competitive Bid Loan Quote submitted by such Lender with respect to the same Competitive Bid Loan Quote Request. Any such subsequent Competitive Bid Loan Quote shall be disregarded by the Administrative Agent unless such subsequent Competitive Bid Loan Quote is submitted solely to correct a manifest error in such former Competitive Bid Loan Quote. The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of each Competitive Bid Loan for which Competitive Bid Loan Quotes have been received for each Interest Period specified in the related Competitive Bid Loan Quote Request, (B) the respective principal amounts and LIBOR - 20 29 LIBOR-based Margins, CD Rate Margins, Base Rate Margins or Absolute Rates, as the case may be, so offered by each Lender, identifying the Lender that made each Competitive Bid Loan Quote and (C) if the Administrative Agent is notifying the Borrower of more than one Competitive Bid Loan Quote for a single Interest Period, the Administrative Agent shall arrange the Competitive Bid Loan Quotes in ascending yield order.

Notice to the Borrower. The Administrative Agent shall (x) in the case of a LIBOR Auction, by 9:00 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted or (y) in the case of a Base Rate Auction, CD Rate Auction or an Absolute Rate Auction, by 7:30 a.m., Los Angeles time on the day (which shall be a Business Day) a Competitive Bid Loan Quote is submitted, notify the Borrower by telecopy of the terms (i) of any Competitive Bid Loan Quote submitted by a Lender that is in accordance with Section 2.03(d) hereof and (ii) of any Competitive Bid Loan Quote that amends, modifies or is otherwise inconsistent with a previous Competitive Bid Loan Quote submitted by such Lender with respect to the same Competitive Bid Loan Quote Request. Any such subsequent Competitive Bid Loan Quote shall be disregarded by the Administrative Agent unless such subsequent Competitive Bid Loan 18 24 Quote is submitted solely to correct a manifest error in such former Competitive Bid Loan Quote. The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of each Competitive Bid Loan for which Competitive Bid Loan Quotes have been received for each Interest Period specified in the related Competitive Bid Loan Quote Request, (B) the respective principal amounts and LIBOR - LIBOR-based Margins, CD Rate Margins, Base Rate Margins or Absolute Rates, as the case may be, so offered by each Lender, identifying the Lender that made each Competitive Bid Loan Quote and (C) if the Administrative Agent is notifying the Borrower of more than one Competitive Bid Loan Quote for a single Interest Period, the Administrative Agent shall arrange the Competitive Bid Loan Quotes in ascending yield order.