Examples of Notice of Syndicate Borrowing in a sentence
The Borrower shall give the Administrative Agent written notice pursuant to a Notice of Syndicate Borrowing or telephonic notice of each Borrowing of a Syndicate Loan.
Any such telephonic notice shall include all information to be specified in a written Notice of Syndicate Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Syndicate Borrowing sent to the Administrative Agent by facsimile transmission on the same day of such telephonic notice.
The Notice of Syndicate Borrowing shall specify the aggregate principal amount of Syndicate Loans to be borrowed from the Lenders pursuant to the Notice of Syndicate Borrowing, the Type of Loans, and the proposed date such Syndicate Loans are to be borrowed.
The Administrative Agent will promptly transmit by facsimile transmission the Notice of Syndicate Borrowing (or the information contained in such Notice of Syndicate Borrowing) to each Lender.
Each Notice of Syndicate Borrowing shall be delivered to the Administrative Agent before 11:00 a.m. (a) in the case of LIBOR Loans, on the date three LIBOR Business Days prior to the proposed date of such Borrowing and (b) in the case of Base Rate Loans, on the date of the proposed Borrowing.
Each Notice of Syndicate Borrowing or telephonic notice of each such Borrowing shall be irrevocable once given and binding on the Borrower.
No later than 12:00 noon (Eastern time) on the date specified in each Notice of Syndicate Borrowing, each Bank will make available to the Agent at the Notice Office its portion of the amount (determined in accordance with section 1.6), if any, by which the principal amount of the Syndicate Loans requested to be made on such date exceeds the principal amount of the Syndicate Loans maturing on such date in immediately available funds.
Each such notice (a "Notice of Syndicate Borrowing") shall specify: (i) the aggregate principal amount the Company desires to borrow hereunder, (ii) the date of borrowing (which shall be a Business Day), (iii) whether the Syndicate Loans are to be maintained as Base Rate Loans, Fixed CD Rate Loans or Eurodollar Loans, (iv) the Interest Period to be applicable thereto and (v) the Outstanding Utilization of each Bank.
The Paying Agent shall promptly give each Bank telephonic notice (confirmed promptly in writing) of the proposed borrowing, of such Bank's proportionate share thereof and of the other matters (other than the Outstanding Utilization of each Bank) covered by the Notice of Syndicate Borrowing.
To provide capital appreciation with a diversified portfolio of publicly traded smaller cap equity securities.