Common use of Notification of Advances, Interest Rates and Prepayments Clause in Contracts

Notification of Advances, Interest Rates and Prepayments. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each LIBOR Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Corporate Base Rate.

Appears in 2 contracts

Samples: Credit Agreement (Washington Real Estate Investment Trust), Credit Agreement (Washington Real Estate Investment Trust)

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Notification of Advances, Interest Rates and Prepayments. Promptly after receipt thereof, the The Agent will notify each Lender of the contents of each Borrowing Noticeborrowing notice, Conversion/Continuation Notice, LC Application and repayment payment notice received by it hereunderhereunder promptly after receipt thereof. The Agent will notify each Lender of the interest rate applicable to each LIBOR Fixed Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Corporate Base Rate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Yellow Corp), Revolving Credit Agreement (JPF Acquisition Corp)

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Notification of Advances, Interest Rates and Prepayments. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each LIBOR Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Corporate Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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