Common use of Notice to the Banks Clause in Contracts

Notice to the Banks. As soon as practicable after each Borrowing Date for Bid Loans, the Agent shall notify each Bank of the aggregate amount of Bid Loans advanced pursuant to a Bid Loan Request on such Borrowing Date, the Interest Period(s) therefor, and the lowest and highest interest rates at which Bid Loans were made for each Interest Period.

Notice to the Banks. As soon as practicable after each Borrowing Date for Bid Loans, the Administrative Agent shall notify each Bank of the aggregate amount of Bid Loans advanced pursuant to a Bid Loan Request on such Borrowing Date, the Interest Period(s) therefor, and the lowest and highest interest rates or spreads, as applicable, at which Bid Loans were made for each Interest Period.