Common use of Notification of Lenders Clause in Contracts

Notification of Lenders. Upon receipt of a Request for Advance, or a notice from the Borrower with respect to a selection of an Interest Period, or a notice from the Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of such Lender's portion of the Advance. Each Lender shall, not later than 1:30 p.m. (Houston time) on the date of borrowing specified in such notice, make available to the Administrative Agent at the Administrative Agent's Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance which represents an additional borrowing hereunder in immediately available funds.

Appears in 3 contracts

Samples: Loan Agreement (Cellnet Data Systems Inc), Loan Agreement (Western Wireless Corp), Loan Agreement (Cellnet Data Systems Inc)

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Notification of Lenders. Upon receipt of a Request for Advance, or a notice from the Borrower with respect to a selection of an Interest Period, or a notice from the Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or and telecopy of the contents thereof and the amount of such Lender's portion of the Advance. Each Lender shall, not later than 1:30 p.m. 12:00 noon (Houston time) on the date of borrowing specified in such notice, make available to the Administrative Agent at the Administrative Agent's Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance which represents an additional borrowing hereunder in immediately available funds.

Appears in 1 contract

Samples: Loan Agreement (State Communications Inc)

Notification of Lenders. Upon receipt of a Request for Advance, or a notice from the a Borrower with respect to a selection of an Interest Period, or a notice from the a Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount (if any) of such Lender's portion of the Advance. Each affected Lender shall, not later than 1:30 p.m. (Houston time) on the date of borrowing specified in such notice, make available to the Administrative Agent at the Administrative Agent's Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance which represents an additional borrowing hereunder in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Voicestream Wireless Corp /De)

Notification of Lenders. Upon receipt of a Request for Advance, or a notice from the Borrower with respect to a selection of an Interest Period, or a notice from the Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of such Lender's portion of the Advance. Each Lender shall, not later than 1:30 2:30 p.m. (Houston time) on the date of borrowing specified in such notice, make available to the Administrative Agent at the Administrative Agent's Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance which represents an additional borrowing hereunder in immediately available funds.

Appears in 1 contract

Samples: Loan Agreement (Western Wireless Corp)

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Notification of Lenders. Upon receipt of a Request for Advance, Advance or a notice from the Borrower with respect to a selection of an Interest Period, or a ----------------------- notice from the Borrower with respect to any outstanding Advance prior to the Payment Date for such Advance, or a request by the Issuing Bank for reimbursement under Section 2.14 hereof, the Administrative Agent shall promptly notify each Lender by telephone or telecopy of the contents thereof and the amount of such Lender's portion of the Advance. Each Lender shall, not later than 1:30 1:00 p.m. (Houston New York time) on the date of borrowing specified in such notice, make available to the Administrative Agent at the Administrative Agent's Office, or at such account as the Administrative Agent shall designate, the amount of its portion of any Advance which represents an additional borrowing hereunder in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Etesting Labs Inc)

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