Common use of Requests for Revolving Loans Clause in Contracts

Requests for Revolving Loans. Not later than 9:00 a.m. at least two Business Days prior to a borrowing of Base Rate Loans and not later than 9:00 a.m. at least three Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the principal amount of the Revolving Loan to be borrowed, the date such Revolving Loan is to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loan, the Type of the requested Revolving Loan and if such Revolving Loan is to be a LIBOR Loan, the initial Interest Period for such Revolving Loan. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Agent provide the Borrower with the most recent LIBO Rate available to the Agent. The Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 3 contracts

Samples: Credit Agreement (Regency Centers Corp), Credit Agreement (Regency Realty Corp), Credit Agreement (Regency Realty Corp)

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Requests for Revolving Loans. Not later than 9:00 a.m. at least two one Business Days Day prior to a borrowing of Base Rate Loans and not later than 9:00 10:00 a.m. at least three Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loan Loans to be borrowed, the date such Revolving Loan is Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving LoanLoans, the Type of the requested Revolving Loan Loans and if such Revolving Loan is to be a LIBOR Loan, the initial Interest Period for such Revolving Loan. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Agent provide the Borrower with the most recent LIBO Rate available to the Agent. The Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 3 contracts

Samples: Credit Agreement (Security Capital Group Inc/), Credit Agreement (Security Capital Group Inc/), Credit Agreement (Security Capital Group Inc/)

Requests for Revolving Loans. Not later than 9:00 10:00 a.m. at least two 1 Business Days Day prior to a borrowing of Base Rate Loans and not later than 9:00 10:00 a.m. at least three 3 Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loan Loans to be borrowed, the date such Revolving Loan is Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving LoanLoans, the Type of the requested Revolving Loan Loans, and if such Revolving Loan is Loans are to be a LIBOR LoanLoans, the initial Interest Period for such Revolving LoanLoans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBO Rate LIBOR available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 2 contracts

Samples: Credit Agreement (Excel Trust, Inc.), Credit Agreement (Excel Trust, Inc.)

Requests for Revolving Loans. Not later than 9:00 a.m. 12:00 noon at least two one (1) Business Days Day prior to a borrowing of Base Rate Loans and not later than 9:00 a.m. 12:00 noon at least three (3) Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loan Loans to be borrowed, the date such Revolving Loan is Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving LoanLoans, the Type of the requested Revolving Loan Loans, and if such Revolving Loan is Loans are to be a LIBOR LoanLoans, the initial Interest Period for such Revolving LoanLoans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBO Rate LIBOR available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 2 contracts

Samples: Revolving Loan Agreement (RREEF Property Trust, Inc.), Revolving Loan Agreement (RREEF Property Trust, Inc.)

Requests for Revolving Loans. Not later than 9:00 11:00 a.m. Eastern time at least two (2) Business Days prior to a borrowing of Base Rate Loans and not later than 9:00 11:00 a.m. Eastern time at least three (3) Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loan Loans to be borrowed, the date such Revolving Loan is Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loan, the Type of the requested Revolving Loan Loans, and if such Revolving Loan is Loans are to be a LIBOR LoanLoans, the initial Interest Period for such Revolving LoanLoans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Agent provide the Borrower with the most recent LIBO Rate LIBOR rate available to the Agent. The Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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Requests for Revolving Loans. Not later than 9:00 11:00 a.m. Eastern time at least two (2) Business Days prior to a borrowing of Base Rate Loans and not later than 9:00 11:00 a.m. Eastern time at least three (3) Business Days prior to a borrowing of LIBOR Loans, the Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loan Loans to be borrowed, the date such Revolving Loan is Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loan, the Type of the requested Revolving Loan Loans, and if such Revolving Loan is Loans are to be a LIBOR LoanLoans, the initial Interest Period for such Revolving LoanLoans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Agent provide the Borrower with the most recent Adjusted LIBO Rate available to the Agent. The Agent shall provide such quoted rate to the Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

Requests for Revolving Loans. Not later than 9:00 a.m. at least two Business Days prior to a borrowing of Base Rate Loans and not later than 9:00 a.m. at least three Business Days prior to a borrowing of LIBOR Loans, the a Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the identity of the Borrower, the principal amount of the Revolving Loan to be borrowed, the date such Revolving Loan is to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loan, the Type of the requested Revolving Loan and if such Revolving Loan is to be a LIBOR Loan, the initial Interest Period for such Revolving Loan. Each Notice of Borrowing shall be irrevocable once given and binding on the such Borrower. Prior to delivering a Notice of Borrowing, the a Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Loan) request that the Agent provide the such Borrower with the most recent LIBO Rate available to the Agent. The Agent shall provide such quoted rate to the such Borrower and to the Lenders on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Regency Realty Corp)

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