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

Notification of Advances, Interest Rates and Prepayments. Promptly after receipt thereof (but in no event later than noon (Chicago time) one Business Day prior to the proposed Borrowing Date for a CBR Advance or the close of business three Business Days prior to the proposed Borrowing Date for a LIBOR Advance) the Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender and the Borrower of the interest rate applicable to each LIBOR Advance promptly upon determination of such interest rate and will give each Lender and the Borrower prompt notice of each change in the Corporate Base Rate and the Applicable Margin.

Notification of Advances, Interest Rates and Prepayments. Promptly after receipt thereof (but in no event later than noon (Chicago time) one Business Day prior to the proposed Borrowing Date for a CBR Prime Advance or the close of business three Business Days prior to the proposed Borrowing Date for a LIBOR Advance) the Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Swing Line Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender and the Borrower of the interest rate applicable to each LIBOR Advance promptly upon determination of such interest rate and will give each Lender and the Borrower prompt notice of each change in the Corporate Base Prime Rate and the Applicable Margin.