Examples of Notice of Requested Borrowing in a sentence
The furnishing by the Borrower of a Notice of Requested Borrowing shall be deemed to constitute a representation and warranty of the Borrower to the effect that all the conditions set forth in this Agreement for the requested advance are satisfied as of the date of delivery and will be satisfied on the applicable Funding Date.
The Lender also shall have the right, without regard to the amount requested in the Notice of Requested Borrowing, to refuse to advance Loan proceeds to be used in whole or in part to finance the acquisition of limited partnership interests or membership interests in limited liability companies if, in the opinion of the Lender's counsel, the constituent documents of the issuer of such interest prohibit the granting of a security interest therein and in the economic interest represented thereby.
Subject to the terms and conditions of this Agreement, the proceeds of each such requested advance shall be made available to the Borrower by wire transfer of funds to the Borrower's account specified in the Notice of Requested Borrowing.
Each Notice of Requested Borrowing shall also provide name, telephone and email contact information of an authorized representative of Issuer.
A Notice of Requested Borrowing may request preliminary pricing indications for more than one maturity.
Xxxxxx Mac shall not be obligated to provide an indication of pricing if Xxxxxx Mac uses its best efforts to obtain and provide such preliminary indication, but determines in its sole discretion reasonably exercised that market conditions are unfavorable for the issuance of debt to fund Bonds with the terms set forth in the Notice of Requested Borrowing.
Draw Fee Concurrently with each advance of the Loan proceeds, the Borrower shall pay the Lender a draw fee in an amount equal to one percent (1%) of the principal amount of the advance requested in the Notice of Requested Borrowing.
Each such notice of a requested borrowing (a "Notice of Requested Borrowing") may be oral or in writing, and shall specify (i) the requested amount of such Loan, (ii) the proposed Borrowing Date, (iii) whether the requested Loan is to be Alternate Base Rate Loan or a Eurodollar Loan, (iv) if a Eurodollar Loan, whether it is a two (2) week, one (1) month, three (3) month, or six (6) month Eurodollar Loan, and (v) the Interest Period for such Loan.
If any Notice of Requested Borrowing shall be oral, Borrower shall deliver to Lender prior to the Borrowing Date a confirmatory written Notice of Requested Borrowing.
Each notice of a requested borrowing (a "Notice of Requested Borrowing") under this paragraph may be oral or written, and will specify: (i) the requested amount; (ii) proposed Borrowing Date; (iii) whether the requested Loan is to be a Prime Rate Loan or LIBOR Loan; and (iv) Interest Period for the LIBOR Loan.