Examples of Requisite Notice in a sentence
Any such Requisite Notice may state that such Requisite Notice is conditioned on the consummation of any portion of the Target Acquisition or any other transaction, including the establishment of other credit facilities or the consummation of any other financing transactions, in which case such Requisite Notice may be revoked by Borrower (by written notice to Administrative Agent on or prior to the specified effective time) if such condition is not satisfied.
Any such Requisite Notice may state that such Requisite Notice is conditioned on the effectiveness of other credit facilities or other financing transactions, in which case such Requisite Notice may be revoked by Borrower (by written notice to Administrative Agent on or prior to the specified effective time) if such condition is not satisfied.
Upon Requisite Notice to Administrative Agent not later than the Requisite Time therefor, Borrower may at any time and from time to time, without premium or penalty, permanently and irrevocably reduce the Revolving Commitments, in a Minimum Amount therefor to an amount not less than the sum of the Outstanding Revolving Obligations at such time plus the aggregate principal amount of outstanding Competitive Loans at any time, or terminate the Revolving Commitments.
The Defaulting Participant may submit to the Clearing House a written response to the Requisite Notice (“Response”) within the time stipulated in the Requisite Notice.
Each prepayment of Loans shall be applied to the Class or Classes of Loans specified by Borrower in the applicable Requisite Notice, and each prepayment of Term Loans of any Class or Classes shall be applied against payments otherwise required under Section 2.06(b) (if any) in direct order of maturity (unless otherwise directed by Xxxxxxxx).