Common use of Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Clause in Contracts

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Rate.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Cardinal Health Inc), Assignment Agreement (Cardinal Health Inc), Day Credit Agreement (Cardinal Health Inc)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, Notice and repayment notice Prepayment Notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Alternate Base Rate.

Appears in 2 contracts

Samples: Revolving Credit Agreement (TJX Companies Inc /De/), Day Revolving Credit Agreement (TJX Companies Inc /De/)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Base Rate.

Appears in 2 contracts

Samples: Credit Agreement (Houghton Mifflin Co), Year Credit Agreement (Houghton Mifflin Co)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Continuati on Notice, and repayment notice Prepayment Notice received by it hereunder. The Administrative Agent will notify each Lender, the Company and the relevant Borrower Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender and the Company prompt notice of each change in the Floating Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (TJX Companies Inc /De/)

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