Common use of Notice of Fundings Clause in Contracts

Notice of Fundings. (a) From time to time, but not more frequently than six times per calendar month, the Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided that in the case of the Loans to be made on the Closing Date such five (5) Business Days period is hereby waived. Each Funding Notice delivered pursuant to this Section 2.02 shall be irrevocable and shall refer to this Agreement and specify (i) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (ii) the requested Funding Date (which shall be a Business Day) and (iii) the amount of such requested Funding.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

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Notice of Fundings. (a) From time to time, but not more frequently than six (6) times per each calendar month, the Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided provided, however, that in such prior notice period shall not apply to the case of the Loans to be made on the Closing Date such five (5) Business Days period is hereby waivedinitial Funding. Each Funding Notice delivered pursuant to this Section 2.02 2.03 shall be irrevocable and shall refer to this Agreement and specify (i) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (ii) the requested Funding Date (which shall be a Business Day) ), and (iii) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.)

Notice of Fundings. (aiii) From time to time, but not more frequently than six (6) times per each calendar month, the Borrowers may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 12:00 noon, New York City time, five (5) Business Days prior to the proposed Funding Date; provided provided, however, that in such prior notice period shall not apply to the case of the Loans to be made on the Closing Date such five (5) Business Days period is hereby waivedinitial Funding. Each Funding Notice delivered pursuant to this Section 2.02 2.03 shall be irrevocable and shall refer to this Agreement and specify (i) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (ii) the requested Funding Date (which shall be a Business Day) ), and (iii) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (Pacific Ethanol, Inc.)

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Notice of Fundings. (a) From time to time, but not more frequently than six (6) times per each calendar month, the Borrowers Borrower may propose a Funding by delivering to the Administrative Agent a properly completed Funding Notice not later than 12:00 noon2:00 p.m., New York City time, five (5) Business Days prior to the proposed Funding Date; provided provided, that in such prior notice period shall not apply to the case of the Loans to be made on the Closing Date such five (5) Business Days period is hereby waivedinitial Funding. Each Funding Notice delivered pursuant to this Section 2.02 shall be irrevocable and shall refer to this Agreement and specify (ix) whether such Funding is requested to be of Eurodollar Loans and/or Base Rate Loans, (iiy) the requested Funding Date (which shall be a Business Day) and (iiiz) the amount of such requested Funding.

Appears in 1 contract

Samples: Possession Credit Agreement (First United Ethanol LLC)

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