Revolving Loan Notice of Borrowing definition
Examples of Revolving Loan Notice of Borrowing in a sentence
In the event that written confirmation of a telephonic Revolving Loan Notice of Borrowing differs in any respect from the action taken by the Lender, the records of the Lender shall control absent manifest error.
The Revolving Loans made on and after the Closing Date shall bear a variable rate of interest, as further described below, to be selected by the Companies in the Revolving Loan Notice of Borrowing effective upon receipt by CITBC, and given no later than 1:00 p.m. (New York time) on a) in the case of Chase Rate Loans, the date such borrowings are to be made and b) in the case of Libor Loans, the third (3rd) Business Day prior to the date such borrowings are to be made.
The written form of the Revolving Loan Notice of Borrowing shall be accompanied by a Compliance Certificate (the "CERTIFICATE") in the form of Exhibit E --------- hereto.
If no election as to the Type of Revolving Loan is specified in any such Revolving Loan Notice of Borrowing, then Zygo shall be deemed to have requested such Revolving Loan to be a Prime Rate Loan.
MoŁiou vesisŁauce schemaŁic, Draw-bar pull (DBP) is the measured net tractive force the test vehicle can generate on a given surface condition.
At least three (3) Business Days before the end of each Interest Period, the Borrower shall give the Agent (who shall promptly notify the Banks) a Revolving Loan Notice of Borrowing with respect to the relevant Revolving Loan accruing interest based on the Eurodollar Rate specifying the new Interest Period or, in the event that the relevant Revolving Loan is to accrue interest at the Prime Rate, specifying the same.
Each Term Loan Notice of Borrowing and Revolving Loan Notice of Borrowing shall be delivered to Lender in accordance with Section 8.5.
The Borrower shall elect the initial available Interest Period applicable to each Loan, or any portion or portions thereof, which it elects to bear interest with respect to the LIBOR Rate by its applicable Revolving Loan Notice of Borrowing or Line of Credit Notice of Borrowing given to the Lender pursuant to Sections 2.3(a) and 2.4(a) hereof.
In the event that written confirmation of a telephonic Revolving Loan Notice of Borrowing differs in any respect from the action taken by Lender, the records of Lender shall control absent manifest error.
If no election as to the Type of Revolving Loan borrowing is specified in any such Revolving Loan Notice of Borrowing, then the Borrower shall be deemed to have requested such Revolving Loan to be a Prime Rate Loan.