Notification to the Borrower Sample Clauses
The 'Notification to the Borrower' clause requires the lender or another relevant party to formally inform the borrower about specific events, actions, or changes related to the loan agreement. This notification may pertain to matters such as payment due dates, changes in interest rates, breaches of contract, or other significant developments. Typically, the clause outlines the method of communication (such as written notice or email) and the timeframe within which the borrower must be notified. Its core function is to ensure that the borrower receives timely and clear information, thereby promoting transparency and allowing the borrower to respond appropriately to any developments affecting their obligations.
Notification to the Borrower. If Clause 10.3 (Cost of funds) applies the Agent shall, as soon as is practicable, notify the Borrower.
Notification to the Borrower. If Clause 8D.3 (Cost of funds) applies the Lender shall, as soon as is practicable, notify the Borrower.”
Notification to the Borrower. In accordance with the Bank's General Business Conditions, the Borrower releases the Bank in advance from all liability, should communications that the Bank has sent to the Borrower's last known address or has retained, on the Borrower's request, at the Bank not reach the Borrower in person.
Notification to the Borrower. If Clause 11.3 applies the Original Lender shall, as soon as is reasonably practicable, notify the Borrower.
Notification to the Borrower. The Facility Agent shall, as soon as reasonably practicable after it has executed a Transfer Certificate, send to the Borrower a copy of that Transfer Certificate.