Requested Borrowing Date definition
Examples of Requested Borrowing Date in a sentence
This compensation will be in the form of regular pay, compensatory time or overtime pay.
In accordance with Section 2.4 of the Credit Agreement, the Borrower hereby requests that the Lenders provide an Advance based on the following criteria: Aggregate principal amount of Advance requested: $________________ Requested Borrowing Date: ________ ___, 20__1 Account(s) to which Agent should wire the balance of the requested funds: Bank Name: ABA No.: Account Name: Account No.: Reference: Attached to this notice as Exhibit A is the Borrowing Base Certificate in connection with this Advance.
The Borrower hereby requests transfer of the amount of the Requested Borrowing on the Requested Borrowing Date in accordance with the wire transfer instructions set forth on Schedule I hereto.
If such deficiencies remain unremedied as of the Requested Borrowing Date and, in the Agent's reasonable judgment, such deficiencies are material, the Agent shall not be obligated to make the Loan to the Borrowers requested in the Notice of Borrowing and the Agent may, in its sole discretion, refuse to honor the submitted Notice of Borrowing, which shall thereafter become void automatically without further action by any party.
This Borrowing Notice constitutes a request for a Loan as set forth below: 1 Notice must be received by Administrative Agent at least three (3) Business Days before the date of the Requested Borrowing Date.
The aggregate principal amount of the Requested Borrowing does not exceed the aggregate amount of Project Costs (other than the repayment or prepayment of any Loans) to be paid by the Borrower within the thirty (30) day period immediately following the Requested Borrowing Date, as set forth on Schedules I and II hereto in the aggregate.
The Agent shall notify the Borrowers on or prior to two (2) Business Days preceding the date specified in the Notice of Borrowing for the making of Loans (the "Requested Borrowing Date") whether the Agent has (i) rejected the proposed Loan based on the Agent's review of the Underwriting Package, (ii) has agreed to the proposed Loan or (iii) has agreed to make the requested Loan subject to remediation of any deficiencies in the Underwriting Package.
The Borrowers shall use commercially reasonable efforts to remedy any deficiencies in the Underwriting Package on or prior to the Requested Borrowing Date.
Each Borrowing Request shall be deemed to constitute a representation and warranty by the Borrower on the Requested Borrowing Date set forth therein as to the facts specified in Sections 4.2(c) and (d).
Notwithstanding the foregoing, Borrower may change the date of such proposed borrowing of Term Loans by delivering to Administrative Agent, not less than 3 Business Days prior to the Requested Funding Date, a revised, fully executed Funding Notice specifying a date, which shall not be more than ten Business Days after the Requested Borrowing Date (and in any event shall not be earlier than the Requested Borrowing Date), on which the proposed borrowing of Term Loans shall occur.