Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a), the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share of such borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 11 contracts
Samples: Credit Agreement (ClearBridge Energy MLP Fund Inc.), Form of Credit Agreement (Western Asset Premier Bond Fund), Credit Agreement (NexPoint Credit Strategies Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing Borrowing in accordance with Section 2.02(a)2.2, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share share, if any, of such borrowingBorrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the date of such borrowingBorrowing Date.
Appears in 9 contracts
Samples: Credit Agreement (Blackrock Pacific Fund, Inc.), Credit Agreement (Blackrock Funds), Credit Agreement (Master Investment Portfolio)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a)2.02 hereof from any Borrower, the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share (based on Commitment Percentages) of such borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the such Borrower and shall obligate the such Borrower to accept the Loans requested by it from the Banks on the date of such borrowing.
Appears in 5 contracts
Samples: Credit Agreement (Allianz Funds), Credit Agreement (Putnam ETF Trust), Credit Agreement (Putnam Massachusetts Tax Exempt Income Fund/Ma/)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a), the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share (based on Commitment Percentages) of such borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 4 contracts
Samples: Credit Agreement (Credit Suisse High Yield Bond Fund), Credit Agreement (Rivernorth Opportunities Fund, Inc.), Credit Agreement (Nuveen Global High Income Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a)2.2, the Administrative Agent shall promptly notify each Applicable Bank of the contents thereof and of such Bank’s ratable share share, if any, of such borrowingBorrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the date of such borrowingBorrowing Date.
Appears in 3 contracts
Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a), the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share of such borrowing. Such Notice of Borrowing or oral request telephonic notice, as the case may be, shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 3 contracts
Samples: Credit Agreement (Blackrock Debt Strategies Fund, Inc.), Credit Agreement (Blackrock Corporate High Yield Fund Vi, Inc.), Credit Agreement (Blackrock Floating Rate Income Trust)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing Borrowing in accordance with Section 2.02(a)2.2, the Operations Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share share, if any, of such borrowingBorrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the date of such borrowingBorrowing Date.
Appears in 3 contracts
Samples: Credit Agreement (Master Focus Twenty Trust), Credit Agreement (Master Premier Growth Trust), Credit Agreement (Hotchkis & Wiley Variable Trust)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral or electronic request for a borrowing in accordance with Section 2.02(a)2.02, the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share of such borrowing, as applicable. Such Notice of Borrowing or oral or electronic request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Invesco Senior Income Trust), Credit Agreement (Invesco Dynamic Credit Opportunities Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a)) hereof, the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share (based on Commitment Percentages) of such borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Credit Suisse Asset Management Income Fund Inc), Credit Agreement (Goldman Sachs MLP & Energy Renaissance Fund)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing in accordance with Section 2.02(a)) hereof, the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share of such borrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowing.
Appears in 2 contracts
Samples: Credit Agreement (NexPoint Capital, Inc.), Credit Agreement (NexPoint Capital, Inc.)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing Borrowing in accordance with Section 2.02(a), the Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share share, if any, of such borrowingBorrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the Borrower and shall obligate the Borrower to accept the Loans requested from the Banks on the date of such borrowingBorrowing Date.
Appears in 2 contracts
Samples: Credit Agreement (Prospect Street High Income Portfolio Inc), Credit Agreement (Prospect Street High Income Portfolio Inc)
Notice to Banks; Funding of Loans. (a) Upon receipt of a Notice of Borrowing or an oral request for a borrowing Borrowing in accordance with Section 2.02(a)2.2, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s 's ratable share share, if any, of such borrowingBorrowing. Such Notice of Borrowing or oral request shall not thereafter be revocable by the borrowing Borrower and shall obligate the borrowing Borrower to accept the Loans requested from the Banks on the date of such borrowingBorrowing Date.
Appears in 1 contract
