Common use of Notices to the Borrower Clause in Contracts

Notices to the Borrower. In each instance that a notice is required, pursuant to the terms hereof, to be given by one or more of the Lenders to the Borrower or any Subsidiary, the Lenders desiring that such notice be given shall so advise the Administrative Agent (which advice, if given by telephone, shall be promptly confirmed by telex or letter to the Administrative Agent at its address listed in the signature pages hereto), which shall transmit such notice to the Borrower or such Subsidiary promptly after its having been so advised by the appropriate number of Lenders; provided, however, that subject to the provisions of Section 10.15 hereof, if the Administrative Agent shall fail to transmit such notice within a reasonable period of time after its having been so advised by the appropriate number of Lenders, the Lenders desiring that such notice be given may transmit such notice directly to the Borrower or such Subsidiary. In any event notices to the Borrower or any Subsidiary shall be sent to the address of the Borrower provided for in this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/), Credit Agreement (Lennar Corp /New/)

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Notices to the Borrower. In each instance that a notice is required, pursuant to the terms hereof, to be given by one or more of the Lenders to the Borrower or any SubsidiaryBorrower, the Lenders desiring that such notice be given shall so advise the Administrative Agent (which advice, if given by telephone, shall be promptly confirmed by telex or letter to the Administrative Agent at its address listed in the signature pages hereto), which shall transmit such notice to the Borrower or such Subsidiary promptly after its having been so advised by the appropriate number of Lenders; providedPROVIDED, howeverHOWEVER, that subject to the provisions of Section 10.15 10.14 hereof, if the Administrative Agent shall fail to transmit such notice to the Borrower within a reasonable 77 period of time after its having been so advised by the appropriate number of Lenders, the Lenders desiring that such notice be given may transmit such notice directly to the Borrower or such Subsidiary. In any event notices and in all cases, notice to the Borrower or any Subsidiary shall be sent deemed notice to the address of the Borrower provided for in this AgreementSubsidiary Guarantors.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp)

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Notices to the Borrower. In each instance that a notice is required, pursuant to the terms hereof, to be given by one or more of the Lenders to the Borrower or any SubsidiaryBorrower, the Lenders desiring that such notice be given shall so advise the Administrative Agent (which advice, if given by telephone, shall be promptly confirmed by telex or letter to the Administrative Agent at its address listed in the signature pages hereto), which shall transmit such notice to the Borrower or such Subsidiary promptly after its having been so advised by the appropriate number of Lenders; providedPROVIDED, howeverHOWEVER, that subject to the provisions of Section 10.15 10.14 hereof, if the Administrative Agent shall fail to transmit such notice to the Borrower within a reasonable period of time after its having been so advised by the appropriate number of Lenders, the Lenders desiring that such notice be given may transmit such notice directly to the Borrower or such Subsidiary. In any event notices and in all cases, notice to the Borrower or any Subsidiary shall be sent deemed notice to the address of the Borrower provided for in this AgreementSubsidiary Guarantors.

Appears in 1 contract

Samples: Credit Agreement (Lennar Corp)

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