Examples of Notice of Syndicated Borrowing in a sentence
Promptly after receipt of a Notice of Syndicated Borrowing pursuant to Section 2.01(b) (or telephonic notice in lieu thereof) with respect to a Syndicated Loan, the Administrative Agent shall notify each Bank of the proposed borrowing.
Such Loans of a Bank shall be equal to such Bank's pro rata Share of the aggregate amount of all such Loans requested by the applicable Borrower pursuant to the applicable Notice of Syndicated Borrowing.
Except as provided in Sections 2.01(c) and 2.12(d), a Notice of Syndicated Borrowing for a Eurocurrency Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to make a borrowing in accordance therewith.
A Notice of Syndicated Borrowing, once given, shall not be revocable by the Company or the applicable Borrower.
Each Interest Period specified in a Notice of Syndicated Borrowing shall comply with the provisions of the definition of Interest Period.
A Notice of Syndicated Borrowing shall not be required in connection with a Base Rate Borrowing pursuant to Section 8.01.
Each such Notice of Syndicated Borrowing shall specify (i) that the Syndicated Borrowing is being requested pursuant to this Agreement, (ii) the proposed Borrowing Date of such Syndicated Borrowing (which shall be a Business Day); (iii) the principal amount of such Syndicated Borrowing; (iv) the Type of Syndicated Borrowing; and (v) in the case of a Syndicated Borrowing comprised of LIBO Rate Loans, the initial Interest Period for such Syndicated Borrowing.
The Company shall give the Agent written notice in substantially the form attached hereto as Exhibit C (a "Notice of Syndicated Borrowing") (a) not later than 12:00 p.m. (Detroit time) on the Business Day of each Floating Rate Borrowing, and (b) not later than 11:00 a.m. (Detroit time) on (i) the second Business Day before each CD Rate Borrowing, and (ii) the third Business Day before each Eurodollar Rate Syndicated Borrowing, specifying: MASCOTECH, INC.
If no election of a Type of Syndicated Borrowing is specified in any such Notice of Syndicated Borrowing, the Borrower shall be deemed to have requested a Syndicated Borrowing comprised of Base Rate Loans.
The Administrative Agent shall promptly advise the Lenders in writing of any Notice of Syndicated Borrowing given pursuant to this Section 2.5 and of each such Lender's portion of the requested Syndicated Borrowing.