Examples of Request for Advance in a sentence
Each Request for Advance shall be dated the date it is delivered to the Administrative Agent and the Funding Agents, and signed by a Responsible Officer of the Borrower.
Upon the District’s receipt of notice of the commencement of a Benchmark Unavailability Period, the District may revoke any Request for Advance bearing interest at the Applicable Rate during any Benchmark Unavailability Period and, failing that, the District will be deemed to have converted any such request into a Request for Advance of or conversion to an Advance bearing interest at the Alternate Base Rate.
Each Facility Group shall make its Percentage of the applicable Requested Amount on each Borrowing Date by wire transfer of immediately available funds by 3:00 p.m. (New York City time) to the account designated by the Borrower on the related Request for Advance.
By submitting a Request for Advance, the Borrower shall be deemed to have represented and warranted to the Administrative Agent and the Lenders that, immediately after giving effect to the proposed Borrowing on the related Borrowing Date, each of the conditions precedent set forth in Section 3.02 have been satisfied.
The District shall request Advances by delivery of a Request for Advance substantially in the form of Exhibit B attached hereto.