Common use of Notification by Borrower Clause in Contracts

Notification by Borrower. The Borrower shall notify the Agent, ------------------------ such notice to be irrevocable, at least three (3) Business Days prior to the Conversion Date if all or any portion of the Term Loan A is to bear interest at the Eurodollar Rate. After the Term Loan A has been made, the provisions of (S)2.7 shall apply mutatis mutandis with respect to the Term ------- -------- Loan A so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan A as it would be entitled to with respect to the Revolving Credit Loans (subject to the same limitations as apply to Revolving Credit Loans under (S)2.7, except as to the minimum integral multiples of partial conversions, which, in the case of the Term Loan A shall be in integral multiples of $500,000).

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P), Credit and Term Loan Agreement (Petro Stopping Centers Holdings Lp)

AutoNDA by SimpleDocs

Notification by Borrower. The Borrower shall notify the Agent, ------------------------ such notice to be irrevocable, at least three (3) Business Days prior to the Conversion Drawdown Date of Term Loan B if all or any portion of the Term Loan A B is to bear interest at based on the Eurodollar Rate. After the Term Loan A B has been made, the provisions of (S)2.7 shall apply mutatis mutandis with ------- -------- respect to the Term ------- -------- Loan A B so that the Borrower may have the same interest rate options with respect to all or any portion of the Term Loan A B as it would be entitled to with respect to the Revolving Credit Loans (subject to the same limitations as apply to Revolving Credit Loans under (S)2.7, except as to the minimum integral multiples of partial conversions, which, in the case of the Term Loan A B shall be in integral multiples of $500,000).

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P), Credit and Term Loan Agreement (Petro Stopping Centers Holdings Lp)

AutoNDA by SimpleDocs

Notification by Borrower. The Borrower shall ------------------------ notify the Agent, ------------------------ such notice to be irrevocable, at least three (3) Business Days prior to the Conversion Date if all or any portion of the Term Loan A is to bear interest at the Eurodollar Rate. After the Term Loan A has been made, the provisions of (S)2.7 shall apply mutatis mutandis with respect to the Term ------- -------- Loan A so that the Borrower ------- -------- may have the same interest rate options with respect to all or any portion of the Term Loan A as it would be entitled to with respect to the Revolving Credit Loans (subject to the same limitations as apply to Revolving Credit Loans under (S)2.7, except as to the minimum integral multiples of partial conversions, which, in the case of the Term Loan A shall be in integral multiples of $500,000).

Appears in 1 contract

Samples: And Term Loan Agreement (Petro Stopping Centers L P)

Time is Money Join Law Insider Premium to draft better contracts faster.