Notices Irrevocable definition
Notices Irrevocable. All notices given under this Section shall be irrevocable if reasonably relied upon by the Agent and such reliance leads to an economic loss by the Agent and/or any Bank. Computation of Interest. The interest on the Loans and other sums payable hereunder shall be computed on the basis of a year of 360 days for the actual number of days elapsed.
Examples of Notices Irrevocable in a sentence
ADVANCES, CONVERSIONS AND OPERATION OF ACCOUNTS 27 4.1 Notice of Borrowing — Direct Advances 27 4.2 LIBOR Advances and Conversions 28 4.3 Cash Management Facilities 28 4.4 Operation of Accounts 28 4.5 Apportionment of Advances 29 4.6 Limitations on Advances 29 4.7 Notices Irrevocable 29 4.8 Market for Bankers' Acceptances and Libor Advances 29 4.9 Suspension of BA Advance and Libor Advance Option 30 4.10 Limits on BA Advances and Libor Advances 30 4.11 Specific Clause with Regard to Foreign Lenders 30 5.
Section 2.01 Advances Section 2.02 Method of Borrowing (a) Notice (b) Conversions and Continuations (c) Certain Limitations (d) Notices Irrevocable (e) Agent Reliance (f) Bank Obligations Several (g) Notes Section 2.03.