Common use of Borrowing Requests Clause in Contracts

Borrowing Requests. To request Revolving Credit Loans pursuant to Section 2.3(a), the Borrower shall notify the Administrative Agent of such request by telephone (i) in the case of a LIBOR Loan, not later than 12:00 noon three (3) Business Days before the date of the proposed borrowing of Revolving Credit Loans or (ii) in the case of a Prime Rate Loan, not later than 12:00 noon one (1) Business Day before the date of such proposed advance. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: (A) the aggregate amount of the requested borrowing of Revolving Credit Loans; (B) the date of such borrowing of Revolving Credit Loans, which shall be a Business Day; (C) whether the requested Revolving Credit Loan is to be a Prime Rate Loan or a LIBOR Loan; (D) in the case of a LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (E) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.3(d).

Appears in 3 contracts

Sources: Revolving Credit Agreement (Centro NP LLC), Revolving Credit Agreement (Centro NP LLC), Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Borrowing Requests. To request Revolving Credit Loans pursuant to Section 2.3(a), the Borrower shall notify the Administrative Agent of such request by telephone (ia) in the case of a LIBOR Loan, not later than 12:00 noon three (3) Business Days before the date of the proposed borrowing of Revolving Credit Loans or (iib) in the case of a Prime Rate Loan, not later than 12:00 noon one (1) Business Day before the date of such proposed advance. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: (Ai) the aggregate amount of the requested borrowing of Revolving Credit Loans; (Bii) the date of such borrowing of Revolving Credit Loans, which shall be a Business Day; (Ciii) whether the requested Revolving Credit Loan is to be a Prime Rate Loan or a LIBOR Loan; (Div) in the case of a LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (Ev) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.3(d).

Appears in 1 contract

Sources: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)

Borrowing Requests. To request Revolving Credit Loans pursuant to Section 2.3(a), the Borrower shall notify the Administrative Agent of such request by telephone (ia) in the case of a LIBOR Loan, not later than 12:00 noon three (3) P.M., Boston, Massachusetts time, two Business Days before the date of the proposed borrowing of Revolving Credit Loans or (iib) in the case of a Prime Rate Loan, not later than 12:00 noon P.M., Boston, Massachusetts time, one (1) Business Day before the date of such proposed advance. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: (Ai) the aggregate amount of the requested borrowing of Revolving Credit Loans; (Bii) the date of such borrowing of Revolving Credit Loans, which shall be a Business Day; (Ciii) whether the requested Revolving Credit Loan is to be a Prime Rate Loan or a LIBOR Loan; (Div) in the case of a LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term "Interest Period"; and (Ev) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.3(d). Borrower shall not submit a Borrowing Request more than five (5) times in any calendar month.

Appears in 1 contract

Sources: Term Loan Agreement (New Plan Excel Realty Trust Inc)

Borrowing Requests. To request Revolving Credit Loans pursuant to Section 2.3(a), the Borrower shall notify the Administrative Agent of such request by telephone (ia) in the case of a LIBOR LoanEurodollar Advance, not later than 12:00 noon three (3) P.M., Boston, Massachusetts time, two Business Days before the date of the proposed borrowing of Revolving Credit Loans or (iib) in the case of a Prime Rate Loanan ABR Advance, not later than 12:00 noon P.M., Boston, Massachusetts time, one (1) Business Day before the date of such proposed advance. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: (Ai) the aggregate amount of the requested borrowing of Revolving Credit Loans; (Bii) the date of such borrowing of Revolving Credit Loans, which shall be a Business Day; (Ciii) whether the requested Revolving Credit Loan is to be a Prime Rate Loan an ABR Advance or a LIBOR LoanEurodollar Advance; (Div) in the case of a LIBOR LoanEurodollar Advance, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term "Interest Period"; and (Ev) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.3(d).

Appears in 1 contract

Sources: Term Loan Agreement (New Plan Excel Realty Trust Inc)

Borrowing Requests. To request Revolving Credit Loans pursuant to Section 2.3(a), the Borrower shall notify the Administrative Agent of such request by telephone (ia) in the case of a LIBOR Loan, not later than 12:00 noon three noon, Massachusetts time, two (32) Business Days before the date of the proposed borrowing of Revolving Credit Loans or (iib) in the case of a Prime Rate Loan, not later than 12:00 noon noon, Massachusetts time, one (1) Business Day before the date of such proposed advance. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information: (Ai) the aggregate amount of the requested borrowing of Revolving Credit Loans; (Bii) the date of such borrowing of Revolving Credit Loans, which shall be a Business Day; (Ciii) whether the requested Revolving Credit Loan is to be a Prime Rate Loan or a LIBOR Loan; (Div) in the case of a LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term "Interest Period"; and (Ev) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.3(d).

Appears in 1 contract

Sources: Revolving Credit Agreement (New Plan Excel Realty Trust Inc)