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 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; provided, however, that the failure of the Agent to provide such notice to the Lenders shall not affect the validity or binding nature of such notice delivered to the Agent by the Borrower. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 6 contracts

Samples: Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/), Credit Agreement (Portland General Electric Co /Or/)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice Notice, and repayment notice received by it hereunder; provided. Promptly after notice from the LC Issuer, however, that the failure Agent will notify each Lender of the Agent to provide such notice to the Lenders shall not affect the validity or binding nature contents of such notice delivered to the Agent by the Borrowereach request for issuance of a Facility LC hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Prime Rate.

Appears in 2 contracts

Samples: Assignment Agreement (Aetna Industries Inc), Assignment Agreement (Aetna Industries Inc)

Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice Notice, and repayment notice received by it hereunder; provided. Promptly after notice from an LC Issuer, however, that the failure Agent will notify each Lender of the Agent to provide such notice to the Lenders shall not affect the validity or binding nature contents of such notice delivered to the Agent by the Borrowereach request for issuance of a Facility LC hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Ryland Group Inc)

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Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice Notice, and repayment notice received by it hereunder; provided. Promptly after notice from the LC Issuer, however, that the failure Agent will notify each Lender of the Agent to provide such notice to the Lenders shall not affect the validity or binding nature contents of such notice delivered to the Agent by the Borrowereach request for issuance of a Facility LC hereunder. The Agent will notify each Lender of the interest rate Eurodollar Rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

Appears in 1 contract

Samples: Credit Agreement (Aon Corp)

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