Common use of Requests for Revolving Loans Clause in Contracts

Requests for Revolving Loans. Not later than 9:00 a.m. Pacific Time at least two (2) Business Days prior to a borrowing of Base Rate Loans and not later than 9:00 a.m. Pacific Time at least three (3) Business Days prior to a borrowing of LIBOR Rate Loans, the Borrower shall deliver to the Agent a written notice in the form of Exhibit C hereto (a "Notice of Borrowing"). Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. 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 Rate Loan) request that the Agent provide the Borrower with the most recent LIBOR Rate available to the Agent. The Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Price Legacy Corp)

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Requests for Revolving Loans. Not later than 9:00 a.m. Pacific Time time at least two (2) 1 Business Days Day prior to a borrowing of Revolving Loans that are to be Base Rate Loans and not later than 9:00 a.m. Pacific Time time at least three (3) 3 Business Days prior to a borrowing of Revolving Loans that are to be LIBOR Rate Loans, the Borrower shall deliver to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Revolving Borrowing"). Each Notice of Revolving Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. Each Notice of Revolving Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Revolving Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Rate Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR Rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Realty Income Corp)

Requests for Revolving Loans. Not later than 9:00 a.m. Pacific Time 2:00 p.m. Eastern time at least two (2) 1 Business Day prior to a borrowing of Revolving Loans that are to be Base Rate Loans and not later than 2:00 p.m. Eastern time at least 3 Business Days prior to a borrowing of Base Rate Revolving Loans and not later than 9:00 a.m. Pacific Time at least three (3) Business Days prior that are to a borrowing of LIBOR Rate be SOFR Loans, the Borrower shall deliver to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Borrowing"). Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Term SOFR Loans, the initial Interest Period for such Revolving Loans. 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 Rate SOFR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR Rate Term SOFR rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (STORE CAPITAL Corp)

Requests for Revolving Loans. Not later than 9:00 10:00 a.m. Pacific Time Central time at least two (2) 1 Business Day prior to a borrowing of Revolving Loans that are to be Base Rate Loans and not later than 10:00 a.m. Central time at least 3 Business Days prior to a borrowing of Base Rate Revolving Loans and not later than 9:00 a.m. Pacific Time at least three (3) Business Days prior that are to a borrowing of be LIBOR Rate Loans, the Borrower shall deliver to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Borrowing"). Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. 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 Rate Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR Rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Colonial Realty Limited Partnership)

Requests for Revolving Loans. Not later than 9:00 11:00 a.m. Pacific Time Central time at least two (2) 1 Business Days Day prior to a borrowing of Base Rate Loans and not later than 9:00 11:00 a.m. Pacific Time Central time at least three (3) 3 Business Days prior to a borrowing of LIBOR Rate Loans, the Borrower shall deliver to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Revolving Loan Borrowing"). Each Notice of Revolving Loan Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. Each Notice of Revolving Loan Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Revolving Loan Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Rate Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR Rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

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Requests for Revolving Loans. Not later than 9:00 a.m. Pacific Time 12:00 noon Eastern time at least two one (21) Business Days Day prior to a borrowing of Revolving Loans that are to be Base Rate Loans and not later than 9:00 a.m. Pacific Time 12:00 noon Eastern time at least three (3) Business Days prior to a borrowing of Revolving Loans that are to be LIBOR Rate Loans, the Borrower Representative shall deliver request the borrowing of Revolving Loans by either (i) a telephonic notice to the Administrative Agent, promptly followed by the delivery of a Notice of Borrowing or (ii) delivering to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Borrowing"). Each Notice of Borrowing shall specify the name of the Borrower requesting such Revolving Loans, the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. Each Notice of Borrowing shall be irrevocable once given and binding on the applicable Borrower. Prior to delivering a Notice of Borrowing, the Borrower Representative may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Rate Loan) request that the Administrative Agent provide the Borrower Representative with the most recent LIBOR Rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks Representative on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Sl Green Operating Partnership, L.P.)

Requests for Revolving Loans. Not later than 9:00 11:00 a.m. Pacific Time Central time at least two (2) 1 Business Day prior to a borrowing of Revolving Loans that are to be Base Rate Loans and not later than 11:00 a.m. Central time at least 3 Business Days prior to a borrowing of Base Rate Revolving Loans and not later than 9:00 a.m. Pacific Time at least three (3) Business Days prior that are to a borrowing of be LIBOR Rate Loans, the Borrower shall deliver to the Administrative Agent a written notice in the form of Exhibit C hereto (a "Notice of Revolving Borrowing"). Each Notice of Revolving Borrowing shall specify the aggregate principal amount of the Revolving Loans to be borrowed, the date such Revolving Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Revolving Loans, the Type of the requested Revolving Loans, and if such Revolving Loans are to be LIBOR Rate Loans, the initial Interest Period for such Revolving Loans. Each Notice of Revolving Borrowing shall be irrevocable once given and binding on the Borrower. Prior to delivering a Notice of Revolving Borrowing, the Borrower may (without specifying whether a Revolving Loan will be a Base Rate Loan or a LIBOR Rate Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR Rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower and to the Banks on the date of such request or as soon as possible thereafter.

Appears in 1 contract

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.)

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