Common use of Notification of Banks Clause in Contracts

Notification of Banks. The Short-Term Advances Agent shall, promptly after receipt by it of a Utilisation Request and in any event no later than 2.00 p.m. (New York Time) on the fourth business day (or, in the case of Short-Term Advances the interest rate relating to which is to be expressed on the Absolute Basis 2.00 p.m. (New York Time) on the second business day) before the proposed Utilisation Date relating thereto, notify the Banks by telex of its receipt of such Utilisation Request specifying:

Appears in 4 contracts

Samples: And Restatement Agreement (Royal Ahold), Agreement (Royal Ahold), And Restatement Agreement (Royal Ahold)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!