Examples of Borrowing/Election Notice in a sentence
Term Benchmark Loans shall continue as Term Benchmark Loans until the end of the then applicable Interest Period therefor, at which time such Term Benchmark Loans shall be automatically converted into Floating Rate Loans unless the Borrower shall have repaid such Loans or given the Administrative Agent a Borrowing/Election Notice in accordance with Section 2.09(d) requesting that, at the end of such Interest Period, such Term Benchmark Loans continue as a Term Benchmark Loan.
The Borrower, with respect to any Loan, shall deliver to the Administrative Agent a Borrowing/Election Notice, signed by it, in accordance with the terms of Section 2.07.
Promptly after receipt of the Borrowing/Election Notice under Section 2.02(b) in respect of Swing Line Loans, the Swing Line Bank may, in its sole discretion make available its Swing Line Loan, in funds immediately available to the Administrative Agent at its address specified pursuant to Article 14.
Promptly after receipt thereof, the Administrative Agent will notify each applicable Lender of the contents of each Aggregate Revolving Loan Commitment reduction notice, Increasing Lender Supplement, Augmenting Lender Supplement, Borrowing/Election Notice, repayment notice and issuance of Letter of Credit notice received by it hereunder.
The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower, at the Administrative Agent’s office in Chicago, Illinois on the applicable Borrowing Date on or after the Closing Date and shall disburse such proceeds in accordance with the Borrower’s disbursement instructions set forth in the applicable Borrowing/Election Notice.
Promptly after receipt of a Borrowing/Election Notice under Section 2.07 in respect of Loans, the Administrative Agent shall notify each Lender of the applicable Class by facsimile, or other similar form of transmission, of the requested Loan.