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

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

Appears in 3 contracts

Samples: Revolving Credit Agreement (Union Electric Co), Five Year Revolving Credit Agreement (Union Electric Co), Three Year Revolving Credit Agreement (Amerenenergy Generating Co)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereofthereof (and on the same Business Day as received by the Agent with respect to Borrowing and Conversion/Continuation Notices), the Agent will notify each Lender in writing of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender of the interest rate applicable to each Revolving Eurodollar Advance promptly upon within two Business Days of determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 2 contracts

Samples: Credit Agreement (Platinum Technology Inc), Credit Agreement (Platinum Technology International Inc)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereof, the Agent will notify each affected Lender in writing of the contents of each Aggregate Facility B Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each affected Lender of the interest rate applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Tri State Outdoor Media Group Inc)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereofthereof but in any event before the close of business on the day of such receipt, the Agent will notify each affected Lender in writing of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each affected Lender of the interest rate applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Television Inc)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereof, the Agent will notify each Lender in writing of the contents of each Aggregate Revolving Loan Commitment reduction notice, Borrowing Notice, Conversion/Conversion/ Continuation Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender of the interest rate and Eurodollar Interest Period applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Superior Energy Services Inc)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereof, the Agent will notify each Lender in writing of the contents of each Aggregate Revolving Loan Commitment reduction notice, Borrowing Noticenotice of Borrower's request to Borrower under the Revolving Loan Commitments, Conversion/Continuation Fixed Rate Option Notice, and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender of the interest rate applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Rate. If necessary, each Reference Lender agrees to furnish timely information for the purpose of determining the Eurodollar Rate.

Appears in 1 contract

Samples: Credit Agreement (Lilly Industries Inc)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereof, the Agent will notify each Lender in writing Bank of the contents of each Aggregate Commitment reduction notice, Ratable Borrowing Notice, Conversion/Continuation Swing Line Borrowing Notice, Competitive Bid Borrowing Notice, conversion/continuation notice and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender Bank of the interest rate applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender Bank prompt notice of each change in the Alternate Base Prime Rate.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Availability of Loans. Promptly after receipt thereof, the Agent will notify each Lender in writing of the contents of each Aggregate Commitment reduction notice, Ratable Borrowing Notice, Conversion/Continuation Notice, Invitation for Competitive Quotes and repayment notice received by it hereunder. The Agent will notify the Borrower and each Lender of the interest rate applicable to each Revolving Eurodollar Advance promptly upon determination of such interest rate and will give the Borrower and each Lender prompt notice of each change in the Alternate Base Floating Rate.

Appears in 1 contract

Samples: Credit Agreement (Alleghany Corp /De)

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