Common use of Making the Loans Clause in Contracts

Making the Loans. (a) The Borrowing shall be made on written notice given by the Borrower to the Agent not later than: (i) 10:00 A.M. (New York City time) on the date of the Borrowing in the case of a Borrowing consisting of Base Rate Loans and (ii) 12:00 Noon (New York City time) on the third Business Day prior to the date of the Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans. Such notice of the Borrowing (the "Notice of Borrowing") shall be in the form of Exhibit 2.02 and shall specify (A) the date of the Borrowing, (B) the Type and the aggregate principal amount of Loans comprising the Borrowing and (C) in the case of a Borrowing comprised of Eurodollar Rate Loans, the initial Interest Period for such Loans. The Notice of Borrowing shall be irrevocable and binding on the Borrower. The Agent shall promptly deliver a copy of the Notice of Borrowing to each Lender.

Appears in 2 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co)

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Making the Loans. (a) The Borrowing shall be made on written notice given by the Borrower to the Agent not later than: (i) 10:00 A.M. (New York City time) on the date of the Borrowing in the case of a Borrowing consisting of Base Rate Loans and (ii) 12:00 Noon (New York City time) on the third Business Day prior to the date of the Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans. Such notice of the Borrowing (the "Notice of Borrowing") shall be in the form of Exhibit 2.02 and shall specify (A) the date of the Borrowing, (B) the Type and the aggregate principal amount of Loans comprising the Borrowing and (C) in the case of a Borrowing comprised of Eurodollar Rate Loans, the initial Interest Period for such Loans. The Notice of Borrowing shall be irrevocable and binding on the Borrower. The Agent shall promptly deliver a copy notice of the Notice of Borrowing to each Lender.

Appears in 1 contract

Samples: Term Credit Agreement (Lyondell Chemical Co)

Making the Loans. (a) The Each Borrowing shall be made on written notice given by the Borrower to the Agent not later than: than (i) 10:00 A.M. (New York City time) on the date of the Borrowing in the case of a Borrowing consisting of Base Rate Loans and (ii) 12:00 Noon (New York City time) on the third Business Day prior to the date of the Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans. Such Each such notice of the a Borrowing (the a "Notice of Borrowing") shall be in the form of Exhibit 2.02 and shall specify (A) the date of the such Borrowing, (B) the number of Borrowings and the Type and the aggregate principal amount of Loans comprising the each Borrowing and (C) in the case of a Borrowing comprised of Eurodollar Rate Loans, the initial Interest Period for each such LoansLoan. The Each Notice of Borrowing shall be irrevocable and binding on the Borrower. The Agent shall promptly deliver a copy of the each Notice of Borrowing to each Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lyondell Chemical Co)

Making the Loans. (a) The Each Borrowing shall be made on written notice given by the Borrower to the Agent not later than: than (i) 10:00 A.M. 12:00 Noon (New York City time) on the date of the Borrowing in the case of a Borrowing consisting of Base Rate Loans and (ii) 12:00 Noon (New York City time) on the third Business Day prior to the date of the Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans. Such Each such notice of the a Borrowing (the "a β€œNotice of Borrowing"”) shall be in the form of Exhibit 2.02 and shall specify (A) the date of the such Borrowing, (B) the Type number of Borrowings and the Type, Class and aggregate principal amount of Loans comprising the each Borrowing and (C) in the case of a Borrowing comprised of Eurodollar Rate Loans, the initial Interest Period for each such LoansLoan. The Each Notice of Borrowing shall be irrevocable and binding on the Borrower. The Agent shall promptly deliver a copy notice of the Notice of each Borrowing to each Lender.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Chemical Co)

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Making the Loans. (a) The Each Borrowing shall be made on written notice given by the Borrower to the Agent not later than: than (i) 10:00 A.M. (New York City time) on the date of the Borrowing in the case of a Borrowing consisting of Base Rate Loans and (ii) 12:00 Noon (New York City time) on the third Business Day prior to the date of the Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans. Such Each such notice of the a Borrowing (the a "Notice of Borrowing") shall be in the form of Exhibit 2.02 and shall specify (A) the date of the such Borrowing, (B) the number of Borrowings and the Type and the aggregate principal amount of Loans comprising the each Borrowing and (C) in the case of a Borrowing comprised of Eurodollar Rate Loans, the initial Interest Period for each such LoansLoan. The Each Notice of Borrowing shall be irrevocable and binding on the Borrower. The Agent shall promptly deliver a copy notice of the Notice of each Borrowing to each Lender.

Appears in 1 contract

Samples: Security Agreement (Lyondell Chemical Co)

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