Examples of Notice of Tranche B Borrowing in a sentence
The Borrower shall give the Agent notice pursuant to a Notice of Tranche B Borrowing or telephonic notice of each borrowing of Tranche B Loans, identifying the respective Tranche B Borrower that will borrow such Tranche B Loan.
Each Notice of Tranche B Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the Borrower or the NY Borrowers, as applicable.
Lender shall be entitled to rely upon, and shall be fully protected under this Agreement and the Loan Documents in relying upon, any Notice of Tranche B Borrowing believed by Lender to be genuine and to assume that each Person executing and delivering the same was duly authorized.
On and subject to the terms set forth herein, Lender shall, on the Tranche B Funding Date, credit, in same day funds, an amount equal to the Tranche B Commitment to the account of Borrower (which Borrower shall have designated for such purpose in the Notice of Tranche B Borrowing).
Each such notice (each, a "Notice of Tranche B Borrowing") shall be irrevocable, shall be given in the form of Exhibit B-4, and shall specify (x) the aggregate principal amount and initial Type of the Tranche B Term Loans to be made pursuant to such Borrowing, (y) in the case of a Borrowing of LIBOR Loans, the initial Interest Period to be applicable thereto, and (z) the requested Borrowing Date, which shall be a Business Day.
Upon its receipt of a Notice of Tranche B Borrowing, the Agent will promptly notify each Tranche B Lender of the proposed Borrowing and the contents of the Notice of Tranche B Borrowing.
Any such telephonic notice shall include all information to be specified in a written Notice of Tranche B Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Tranche B Borrowing sent to the Agent by telecopy on the same day of the giving of such telephonic notice.
The Agent will transmit by telecopy the Notice of Tranche B Borrowing (or the information contained in such Notice of Tranche B Borrowing) to each Lender promptly upon receipt by the Agent.
If SSB receives (i) a Notice of Revolving Credit Borrowing or Conversion after the time specified in subsection (a) above, (ii) a Notice of Tranche B Borrowing after the time specified in subsection (b) above, or (iii) a Notice of Tranche B Conversion after the time specified in subsection (c) above, any such Notice shall not be effective.
Each such notice (a "Notice of Tranche B Borrowing") shall be substantially in the form of Exhibit A, co-signed by the Consultant, specifying therein the requested date and the amount of such Tranche B Loan, and such other information as may be required by Lender and shall be given in writing (by telecopy or overnight courier) or by telephone (to the extent the Consultant is part of such telephonic notice) confirmed immediately in writing if requested by the Lender.