Common use of Requesting Term Loans Clause in Contracts

Requesting Term Loans. The Borrower shall give the Agent notice (which notice must be received by the Agent no later than 11:00 a.m. on the date that is one Business Day prior to the anticipated Effective Date) requesting that the Lenders make the Term Loans on the Effective Date and specifying the amount of Term Loans to be borrowed. Upon receipt of such notice the Agent shall promptly notify each Lender. The notice of borrowing provided by the Borrower in the preceding sentence shall be irrevocable once given and binding on the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (U-Store-It Trust), Credit Agreement (U-Store-It Trust)

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Requesting Term Loans. The Borrower shall give the Agent notice (which notice must be received by the Agent no later than 11:00 a.m. on the date that is one Business Day prior to the anticipated Effective Date) requesting that the Term Lenders make the Term Loans on the Effective Date and specifying the amount of Three Year Term Loans and Five Year Term Loans to be borrowed. Upon receipt of such notice the Agent shall promptly notify each Term Lender. The notice of borrowing provided by the Borrower in the preceding sentence shall be irrevocable once given and binding on the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Federal Realty Investment Trust)

Requesting Term Loans. The Borrower shall give the Agent notice (which notice must be received by the Agent no later than 11:00 a.m. on the date that is one Business Day prior to the anticipated Effective Date) requesting that the Lenders make the Term Loans on the Effective Date and specifying the amount of Term Loans to be borrowed. Upon receipt of such notice the Agent shall promptly notify each Lender. The notice Notice of borrowing Borrowing provided by the Borrower in the preceding sentence shall be irrevocable once given and binding on the Borrower.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (U-Store-It Trust)

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Requesting Term Loans. The Borrower shall give the Agent notice (which notice must be received by the Agent no later than 11:00 a.m. on the date that is one three Business Day prior to the anticipated Effective Date) requesting that the Term Lenders make the Term Loans on the Effective Date and specifying the amount of Term Loans to be borrowed. Upon receipt of such notice the Agent shall promptly notify each Term Lender. The notice of borrowing provided by the Borrower in the preceding sentence shall be irrevocable once given and binding on the Borrower.

Appears in 1 contract

Samples: Pledge Agreement (Ashford Hospitality Trust Inc)

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