Common use of Notices Irrevocable Clause in Contracts

Notices Irrevocable. Each Borrowing Notice shall be irrevocable and binding on the Borrower providing such Borrowing Notice. Such Borrower shall indemnify the Lenders against any loss or expense (excluding loss of profit or other consequential losses) incurred by the Lenders in reliance on a Borrowing Notice as a result of any failure by such Borrower to fulfil or honour the provisions of this Agreement if an Advance, as a result of such failure, is not made or a Libor Advance is not continued on the date specified in any Borrowing Notice.

Appears in 4 contracts

Samples: Postponement Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/), Credit Agreement (Pope & Talbot Inc /De/)

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Notices Irrevocable. Each Borrowing Notice shall be irrevocable and binding on the Borrower providing such Borrowing NoticeBorrowers. Such Borrower The Borrowers shall indemnify the Lenders against any loss or expense (excluding loss of profit or other consequential losses) incurred by the Lenders in reliance on a Borrowing Notice as a result of any failure by such Borrower the Borrowers to fulfil or honour the provisions of this Agreement if an the Advance, as a result of such failure, is not made or a Libor Advance is not continued on the date specified in any Borrowing Notice.

Appears in 2 contracts

Samples: Credit Agreement (Sparkling Spring Water Group LTD), Credit Agreement (Crystal Springs of Seattle Inc)

Notices Irrevocable. Each Borrowing Notice shall be irrevocable and binding on the Borrower providing such Borrowing Noticeapplicable Borrower. Such Borrower shall indemnify the relevant Lenders against any loss or expense (excluding loss of profit or other consequential losses) incurred by the such Lenders in reliance on a Borrowing Notice as a result of any failure by such Borrower to fulfil or honour the provisions of this Agreement if an Advance, as a result of such failure, is not made or a Libor SOFR Advance is not continued on the date specified in any Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (West Fraser Timber Co., LTD)

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Notices Irrevocable. Each Borrowing Notice shall be irrevocable and binding on the Borrower providing such Borrowing Noticeapplicable Borrower. Such Borrower shall indemnify the relevant Lenders against any loss or expense (excluding loss of profit or other consequential losses) incurred by the such Lenders in reliance on a Borrowing Notice as a result of any failure by such Borrower to fulfil or honour the provisions of this Agreement if an Advance, as a result of such failure, is not made or a Libor LIBOR Advance is not continued on the date specified in any Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (West Fraser Timber Co., LTD)

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