Requests for Term Loans. Not later than 10:00 a.m. Pacific time at least one (1) Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific time at least three (3) Business Days prior to a borrowing of Term Loans that are to be 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 Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
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Samples: Credit Agreement (Hudson Pacific Properties, L.P.), Credit Agreement (Hudson Pacific Properties, L.P.)
Requests for Term Loans. Not later than 10:00 11:00 a.m. Pacific Central time at least one (1) 1 Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific 11:00 a.m. Central time at least three (3) 3 Business Days prior to a borrowing of Term Loans that are to be LIBOR Loans, the Borrower shall deliver to the Administrative Agent a Notice of Term Loan Borrowing. Each Notice of Term Loan Borrowing shall specify the aggregate principal amount of the Term Loans to be borrowed, the Type of the Term Loans, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, ) and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Term Loan Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter. Each Notice of Term Loan Borrowing shall be irrevocable once given and binding on the Borrower. Upon receipt of a Notice of Term Loan Borrowing, the Administrative Agent shall promptly notify each Term Loan Lender.
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Samples: Term Loan Supplement (Sunstone Hotel Investors, Inc.)
Requests for Term Loans. Not later than 10:00 11:00 a.m. Pacific time at least one (1) Central Time on the Business Day prior to of a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific time 11:00 a.m. Central Time at least three (3) Business Days prior to a borrowing of Term Loans that are to be LIBOR Loans, the Borrower shall deliver to the Administrative Agent a Notice of Term Loan Borrowing. Each Notice of Term Loan Borrowing shall specify the aggregate principal amount of the Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose)Loans, the Type and Class of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Notice of Term Loan Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Term Loan Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter. The Borrower may not reborrow any portion of the Term Loans once repaid.
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Requests for Term Loans. (i) Not later than 10:00 11:00 a.m. Pacific time at least one (1) Business Day prior to in the case of a borrowing of Additional Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific time 11:00 a.m. at least three (3) Business Days prior to in the case of a borrowing of Additional Term Loans that are to be LIBOR Loans, in each case, prior to the anticipated date of borrowing, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing. Each Notice of Term Loan Borrowing shall specify requesting that the Term Loan Lenders make Additional Term Loans to the Borrower on such date and specifying the aggregate principal amount of the such Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds Type of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if any such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Such notice shall be irrevocable once given and binding on the Borrower.
(ii) The Notice of Term Loan Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Term Loan Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
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Samples: Credit Agreement (Corporate Office Properties, L.P.)
Requests for Term Loans. (i) Not later than 10:00 a.m. Pacific Eastern time at least one (1) Business Day prior to in the case of a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific 10:00 a.m. Eastern time at least three (3) Business Days prior to in the case of a borrowing of Term Loans that are to be LIBOR Loans, in each case, prior to the anticipated Effective Date, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing. Each Notice of Term Loan Borrowing shall specify requesting that the Term Loan Lenders make Term Loans to the Borrower on the Effective Date and specifying the aggregate principal amount of the such Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds Type of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if any such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Such notice shall be irrevocable once given and binding on the Borrower.
(ii) The Notice of Term Loan Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Term Loan Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
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Requests for Term Loans. Not later than 10:00 a.m. Pacific time at least one (1) Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific time at least three (3) Business Days prior to a borrowing of Term Loans that are to be 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 Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
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Requests for Term Loans. Not later than 10:00 11:00 a.m. Pacific Central time at least one (1) Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific 11:00 a.m. Central time at least three (3) Business Days prior to a borrowing of Term Loans that are to be 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 Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Notice of Borrowing shall be irrevocable once given and binding on the Borrower; provided that. If the Borrower fails to indicate the Type of Term Loans being borrowed in a Notice of Borrowing, subject then the Borrower shall be deemed to Section 5.4, such notice for have requested a borrowing of LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice having an Interest Period of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereofmonth. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
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Samples: Term Loan Agreement (CBL & Associates Properties Inc)
Requests for Term Loans. (i) Not later than 10:00 11:00 a.m. Pacific time at least one (1) Business Day prior to in the case of a borrowing of Additional Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific time 11:00 a.m. at least three (3) Business Days prior to in the case of a borrowing of Additional Term Loans that are to be LIBOR Loans, in each case, prior to the anticipated Effective Date, the Borrower shall deliver to the Administrative Agent a Notice of Borrowing. Each Notice of Term Loan Borrowing shall specify requesting that the Term Loan Lenders make Additional Term Loans to the Borrower on the Effective Date and specifying the aggregate principal amount of the such Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds Type of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if any such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Each Such notice shall be irrevocable once given and binding on the Borrower.
(ii) The Notice of Term Loan Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR Loans may be revocable at the Borrower’s discretion, provided that the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Term Loan Borrowing, the Borrower may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
Appears in 1 contract
Samples: Credit Agreement (Corporate Office Properties, L.P.)
Requests for Term Loans. Not later than 10:00 11:00 a.m. Pacific Eastern time at least one (1) 1 Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 p.m. (noon) Pacific 11:00 a.m. Eastern time at least three (3) 3 Business Days prior to a borrowing of Term Loans that are to be LIBOR Loans, the Borrower shall deliver to give the Administrative Agent a Notice of Borrowing. Each Notice Term Loans Borrowing requesting that the applicable Class of Borrowing shall specify Term Loan Lenders make the applicable Class of Term Loans on such date and specifying the aggregate principal amount of the Term Loans to be borrowed, the Class of the Term Loans, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans (it being understood that a reference to the general corporate purposes of the Borrower shall be sufficient for this purpose), the Type and Class of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. There shall be no more than 3 separate borrowings of Term Loans with respect to each of Term Facility 1 and Term Facility 2 during the Term Loan Availability Period. Each Notice of Term Loans Borrowing shall be irrevocable once given and binding on the Borrower; provided that, subject to Section 5.4, such notice for LIBOR . Upon receipt of a Notice of Term Loans may be revocable at the Borrower’s discretion, provided that Borrowing the Administrative Agent receives notice of such revocation by 10:00 a.m. Pacific time at least one (1) Business Day prior to the borrowing thereof. Prior to delivering a Notice of Borrowing, the Borrower may (without specifying whether a shall promptly notify each applicable Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower with the most recent LIBOR quoted rate available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafterLender.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Broadstone Net Lease, Inc.)