Common use of Notification by Borrower Clause in Contracts

Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Marcam Corp), Revolving Credit and Term Loan Agreement (Mapics Inc), Credit and Term Loan Agreement (Western Digital Corp)

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Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three four (34) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the be a Eurodollar RateRate Loan. After the Term Loan has been made, the provisions of ss.2.7 ss.2 shall apply mutatis mutandis MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 2 contracts

Samples: Credit Agreement (HPSC Inc), Credit Agreement (HPSC Inc)

Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the be a Eurodollar RateRate Loan. After the Term Loan has been made, the provisions of ss.2.7 Section 2 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options and interest rates with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Syndicated Loans.

Appears in 1 contract

Samples: Loan Agreement (Waste Management Holdings Inc)

Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the any Term Loan if all or any portion of the Term such Loan is to bear interest at the Eurodollar Rate. After the any Term Loan has been made, the provisions of ss.2.7 Section 2.4 above shall apply mutatis mutandis with respect to all or any portion of the Term such Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term such Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Emmis Communications Corp)

Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three two (32) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 Section 2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Flextronics International LTD)

Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three four (34) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 sec.2.8 shall apply mutatis mutandis MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dynatech Corp)

Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at determined by reference to the Eurodollar Rate. After the Existing Term Loan has been madeconverted into the Term Loan, the provisions of ss.2.7 ofss.2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Hvide Marine Inc)

Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the 42 34 Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 Section 2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Western Digital Corp)

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Notification by Borrower. The Borrower shall notify the Managing Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the any Term Loan if all or any portion of the Term such Loan is to bear interest at the Eurodollar Rate. After the any Term Loan has been made, the provisions of ss.2.7 Section 2.5 above shall apply mutatis mutandis with respect to all or any portion of the Term such Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term such Loan as it would be entitled to with respect to the Revolving Credit Loans. 3.4.3.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the be a Eurodollar RateRate Loan. After the Term Loan has been made, the provisions of ss.2.7 Section 2 shall apply mutatis mutandis MUTATIS MUTANDIS with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Syndicated Loans.

Appears in 1 contract

Samples: Loan Agreement (Waste Management Holdings Inc)

Notification by Borrower. The Borrower shall notify the Administrative Agent, such notice to be irrevocable, at least three (3) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 Section 2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Buca Inc /Mn)

Notification by Borrower. The Borrower shall notify the Agent, such notice to be irrevocable, at least three two (32) Eurodollar Business Days prior to the Drawdown Date of the Term Loan if all or any portion of the Term Loan is to bear interest at the Eurodollar Rate. After the Term Loan has been made, the provisions of ss.2.7 2.7 shall apply mutatis mutandis with respect to all or any portion of the Term Loan so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan as it would be entitled to with respect to the Revolving Credit Loans.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Arrow Automotive Industries Inc)

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