Common use of Notification to Banks Clause in Contracts

Notification to Banks. As soon as practicable after receipt of a Drawdown Notice complying with the terms of this Agreement the Agent shall notify each Bank and, subject to clause 3, each of the Banks shall on the Drawdown Date make available to the Agent its portion of the relevant Advance in accordance with clause 8.

Appears in 3 contracts

Samples: Loan Agreement (United International Holdings Inc), Loan Agreement (United Pan Europe Communications Nv), Loan Agreement (United Pan Europe Communications Nv)

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Notification to Banks. As soon as practicable after The Agent shall promptly notify each Bank of receipt of a Drawdown Notice complying with the terms of this Agreement and of the Agent shall notify each Bank date on which the Advance is to be made and, subject to clause Clause 3, each of the Banks shall on the Drawdown Date that date make available to the Agent its portion of the relevant that Advance in accordance with clause 8Clause 8.2, and unless other payment instructions are provided by the Borrower, the Agent shall make such Advance available to the Borrower by crediting the Borrower's Account on that date.

Appears in 1 contract

Samples: Floating Rate Guaranteed Credit Facility (Lsi Logic Corp)

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Notification to Banks. As soon as practicable after receipt of a Drawdown Notice complying with the terms of this Agreement the Agent shall notify each Bank and, subject to clause 3, each of the Banks shall on the Drawdown Date make available to the Agent its portion of the relevant Advance each Tranche in accordance with clause 88.2.

Appears in 1 contract

Samples: Loan Agreement (United International Holdings Inc)

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