Common use of Acceptance and Notice by Company Clause in Contracts

Acceptance and Notice by Company. Not later than (i) 11:00 a.m. -------------------------------- (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (ii) 11:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Banks, such other time and date as the Company and the Agent may agree), the Company shall notify the Agent of its acceptance or rejection of the offers so notified to it pursuant to Section 2.19(E); provided, however, that the failure by the Company to give such notice to the Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Company may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.19(D)(ii)(d)); provided that:

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

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Acceptance and Notice by Company. Not later than (i) 11:00 a.m. -------------------------------- noon (Chicago time) at least three (3) Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (ii) 11:00 10:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute a Floating Rate Auction (or, in either case upon reasonable prior notice to the BanksU.S. Lenders, such other time and date as the Company and the Global Administrative Agent may agree), the Company shall notify the Global Administrative Agent of its acceptance or rejection of the offers so notified to it pursuant to Section 2.19(E3.4(d); provided, however, that the failure by the Company to give such notice to the Global Administrative Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each and the Interest Period and Stated Maturity Date of each offer that are is accepted. The Company may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.19(D)(ii)(d3.4(c)(ii)(D)); provided that:

Appears in 1 contract

Samples: Credit Agreement (Apache Corp)

Acceptance and Notice by Company. Not later than (i) 11:00 a.m. -------------------------------- (Chicago time) at least three Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Auction or (ii) 11:00 a.m. (Chicago time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the Banks, such other time and date as the Company and the Agent may agree), the Company shall notify the Agent of its acceptance or rejection of the offers so notified to it pursuant to Section 2.19(E); provided, however, that the failure by the Company to give such notice to the Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing Notice") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Company may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.19(D)(ii)(d)); provided that:

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

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Acceptance and Notice by Company. Not later than (ix) 11:00 10:00 a.m. -------------------------------- (Chicago New York time) at least three (3) Business Days prior to the proposed Borrowing Date, in the case of a Eurodollar Eurocurrency Auction or (iiy) 11:00 a.m. (Chicago New York time) on the proposed Borrowing Date, in the case of an Absolute Rate Auction (or, in either case upon reasonable prior notice to the BanksLenders, such other time and date as the Company and the Administrative Agent may agree), the Company shall notify the Administrative Agent of its acceptance or rejection of the offers so notified to it pursuant to Section 2.19(ESECTION 2.2(E); providedPROVIDED, howeverHOWEVER, that the failure by the Company to give such notice to the Administrative Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a "Competitive Bid Borrowing NoticeCOMPETITIVE BID BORROWING NOTICE") shall specify the aggregate principal amount of offers for each Interest Period that are accepted. The Company may accept any Competitive Bid Quote in whole or in part (subject to the terms of Section 2.19(D)(ii)(dSECTION 2.2(D)(ii)(d)); provided PROVIDED that:

Appears in 1 contract

Samples: Credit Agreement (Lanier Worldwide Inc)

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