Notification by the Agent Sample Clauses
The 'Notification by the Agent' clause establishes the obligation of the agent to formally inform relevant parties about specific events, decisions, or changes as required under the agreement. Typically, this clause outlines the circumstances under which notifications must be made, the method of delivery (such as email or written notice), and the timeframe within which the agent must act. Its core practical function is to ensure timely and effective communication, thereby reducing misunderstandings and keeping all parties informed of important developments.
Notification by the Agent. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. Promptly upon determination thereof, the Agent will notify each Lender making a portion of any Eurodollar Advance and the Borrower of the interest rate applicable to each Eurodollar Advance. When any Fed Funds Advances or Alternate Base Rate Advances are outstanding or have been requested, the Agent will give each Lender making or holding any such Loans and the Borrower prompt notice of each change in such rates.
Notification by the Agent. The Agent shall notify the Company of each Lender’s determination under this Section no later than the date fifteen (15) days prior to the Anniversary Date in such Loan Year (or, if such date is not a Business Day, on the next preceding Business Day).
Notification by the Agent. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Borrowing Request and repayment notice received by it hereunder. Upon the request of Agent, not later than 3:00 p.m. (Central time) on the day on which any Committed Loans are to be made, each Lender shall make available its pro rata portion of the Loan or Loans in accordance with such Lender’s Commitment in immediately available funds to the Agent at its address specified on Agent’s signature page hereto.
Notification by the Agent. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, and repayment notice received by it hereunder.
Notification by the Agent. The Agent will promptly notify each Lender of the duration of each Interest Period in respect of each Advance and of the rate of interest applicable to that Interest Period.
Notification by the Agent. The Agent will notify the Borrower and the Lenders of the duration of each such period and of the rate of interest applicable to that period.
Notification by the Agent. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, and repayment notice received by it hereunder. When any Floating Rate Advances are outstanding or have been requested, the Agent will give each Lender making or holding any such Loans and the Borrower prompt notice of each change in such rates.