Loan Notice Clause Samples
A Loan Notice clause defines the process by which a borrower must formally request a loan or a drawdown under a credit agreement. Typically, this clause specifies the required content of the notice, such as the amount to be borrowed, the proposed date of borrowing, and any other necessary details, as well as the timeframe within which the notice must be delivered to the lender. By establishing clear procedures and requirements for loan requests, this clause ensures both parties are aligned on the terms of each borrowing and helps prevent misunderstandings or disputes regarding the disbursement of funds.
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Loan Notice. The Lender shall have received a Loan Notice with respect to the Loans to be made on the Closing Date.
Loan Notice. The Administrative Agent shall have received a Loan Notice;
Loan Notice. The Administrative Agent shall have received a Loan Notice with respect to the Loans to be made on the Closing Date.
Loan Notice. (i) In the case of a Borrowing, Administrative Agent shall have received a Loan Notice together with a Borrowing Base Certificate; and (ii) if applicable, Swingline Lender shall have received a Loan Notice for both a Swingline Loan and a Syndicated Loan to refinance such Swingline Loan together with a Borrowing Base Certificate;
Loan Notice. Administrative Agent shall have received a Loan Notice or Request for Letter of Credit together with a Borrowing Base Certificate;
Loan Notice. The Lender shall have received a Loan Notice and an Underlying Investment Fund Report in accordance with the requirements hereof.
Loan Notice. The Administrative Agent shall have received a Loan Notice of the Company, dated on or before the Effective Date, with appropriate insertions and attachments, reasonably satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the Company.
Loan Notice. The Administrative Agent shall have received a Loan Notice in accordance with the requirements hereof. Each request for a Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of LIBO Rate Advances) submitted by the Borrower shall be deemed to be a certification that the conditions specified in Sections 5.2.1, 5.2.2 and 5.2.3 have been satisfied on and as of the date of the applicable Credit Extension.
Loan Notice. The Administrative Agent shall have received a Loan Notice from the applicable Borrower in accordance with Section 2.2 (if a Loan is to be made or a Letter of Credit issued) and a Notice of Account Designation specifying the account or accounts to which the proceeds of any Loans made on or after the Closing Date are to be disbursed.
Loan Notice. Receipt by the Administrative Agent of a Notice of Borrowing requesting the Borrowing of the 2017 Additional Term Loans on the Amendment Effective Date in accordance with the requirements of Section 2.03 of the Amended Credit Agreement.