Common use of Funding Notices Clause in Contracts

Funding Notices. Any Funding Notice shall be executed by an Authorized Officer of the Borrower delivered to the Administrative Agent. In lieu of delivering a Funding Notice, the Borrower may give the Administrative Agent telephonic notice by the required time of any proposed borrowing; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Funding Notice and Borrowing Base Certificate to the Administrative Agent on or before the applicable Credit Date. Neither the Administrative Agent nor the Lender shall incur any liability to the Borrower in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a duly Authorized Officer of the Borrower.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Consumer Portfolio Services Inc), Revolving Credit Agreement (Consumer Portfolio Services Inc)

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Funding Notices. Any Funding Notice shall be executed by an Authorized Officer of the Borrower and delivered to the Administrative AgentLead Agents. In lieu of delivering a Funding Notice, the Borrower may give the Administrative Agent telephonic notice by the required time of any proposed borrowing; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Funding Notice and Borrowing Base Certificate to the Administrative Agent Lead Agents on or before the applicable Credit Date. Neither the Administrative Agent nor the any Lender shall incur any liability to the Borrower in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a duly Authorized Officer of the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Consumer Portfolio Services Inc)

Funding Notices. Any Funding Notice shall be executed by an Authorized Officer of the Borrower Company delivered to the Administrative Agent. In lieu of delivering a Funding Notice, the Borrower Company may give the Administrative Agent telephonic notice by the required time of any proposed borrowing; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Funding Notice and Borrowing Base Certificate to the Administrative Agent on or before the applicable Credit Date. Neither the Administrative Agent nor the any Lender shall incur any liability to the Borrower Company in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a duly Authorized Officer of the BorrowerCompany.

Appears in 1 contract

Samples: Credit Agreement (Bluestem Brands, Inc.)

Funding Notices. Any Funding Notice shall be executed by an Authorized Officer of the Borrower Company in a writing delivered to the Administrative Agent. In With respect to Committed Loans only, in lieu of delivering a Funding Notice, the Borrower Company may give the Administrative Agent telephonic notice by the required time of any proposed borrowing, conversion or continuation; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Funding Notice and Borrowing Base Certificate to the Administrative Agent on or before the applicable Credit Datedate of borrowing or conversion or continuation. Neither the Administrative Agent nor the any Lender shall incur any liability to the Borrower Company in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a duly Authorized Officer authorized officer or other person authorized on behalf of the BorrowerCompany or for otherwise acting in good faith.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tekoil & Gas Corp)

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Funding Notices. Any Funding Notice shall be executed by an Authorized Officer of the Borrower in a writing delivered to the Administrative Agent. In lieu of delivering a Funding Notice, the Borrower Company may give the Administrative Agent telephonic notice by the required time of any proposed borrowing, conversion/continuation; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Funding Notice and Borrowing Base Certificate to the Administrative Agent on or before the applicable Credit Datedate of borrowing. Neither the Administrative Agent nor the any Lender shall incur any liability to the Borrower Company in acting upon any telephonic notice referred to above that the Administrative Agent believes in good faith to have been given by a duly Authorized Officer authorized officer or other person authorized on behalf of the BorrowerCompany or for otherwise acting in good faith.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Foothills Resources Inc)

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