Common use of Request for LIBOR Rate Loans Clause in Contracts

Request for LIBOR Rate Loans. In making any Request for a Loan, Borrower shall specify the aggregate amount of such Loan and the Draw Date; provided, however, if a Request is received by the Bank after 2:00 p.m. (Eastern Standard Time) on any given day, the earliest possible Draw Date will be the next New York Business Day.

Appears in 5 contracts

Samples: Mortgage Warehouse Loan and Security Agreement, Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co), Mortgage Warehouse Loan and Security Agreement (Centerline Holding Co)

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Request for LIBOR Rate Loans. In making any Request for a Loan, Borrower shall specify the aggregate amount of such Loan and the Draw Date; provided, however, if a Request is received by the Bank after 2:00 p.m. (Eastern Standard Time) on any given day, the earliest possible Draw Date will be the next New York Business Day.; and

Appears in 3 contracts

Samples: Daily Adjusting Libor Revolving Line Note, Commercial Loan Guaranty and Security Agreement (Hardinge Inc), Daily Adjusting Libor Revolving Line Note (Manning & Napier, Inc.)

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