Requests and Confirmations Clause Samples
The "Requests and Confirmations" clause establishes the procedures for making formal requests and receiving confirmations between parties under the agreement. Typically, it outlines how requests should be submitted—such as in writing or via electronic communication—and specifies the timeframe and method by which confirmations must be provided. This clause ensures that both parties have a clear, documented record of requests and responses, reducing the risk of misunderstandings and disputes regarding obligations or actions taken.
Requests and Confirmations. In order to request a Borrowing of Bid Loans (a "Bid Loan Request"), the Borrower shall give telephonic notice to the Agent no later than 2:00 p.m. (Chicago time) one (1) Business Day before the proposed date of such borrowing, which must be a Business Day (the "Borrowing Date"), followed on the same day by a duly completed confirmation (a "Bid Loan Request Confirmation"), delivered by telecopier or other means of facsimile communication, substantially in the form of Exhibit C hereto or otherwise containing the information required by this
Section 1. 7, to be received by the Agent no later than 2:30 p.m. (Chicago time) on such day. Bid Loan Request Confirmations that do not conform substantially to the format of Exhibit C or otherwise contain the information required by this Section 1.7 shall be rejected by the Agent, and the Agent shall give telephonic notice to the Borrower of such rejection promptly after it determines (which determination shall be conclusive) that the Bid Loan Request Confirmation does not substantially conform to the format of Exhibit C or otherwise contain the information required by this Section 1.
Requests and Confirmations. In order to request a Borrowing of Bid Loans (a "Bid Loan Request") Chemical shall give telephonic, telex or telecopy notice to the Administrative Agent by no later than 1:00 p.m. (Chicago time) on the date at least one Business Day in the case of Stated Rate Bid Loans, and three Business Days in the case of Eurodollar Bid Loans, before the date of the requested Bid Borrowing (the "Borrowing Date"). Each such request shall be followed on the same day by a duly completed Bid Loan Request Confirmation, delivered by telecopier or other means of facsimile communication, substantially in the form of Exhibit C hereto or otherwise containing the information required by this Section, to be received by the Administrative Agent no later than 1:30 p.m. (Chicago time). Bid Loan Request Confirmations that do not conform substantially to the format of Exhibit C may be rejected by the Administrative Agent, and the Administrative Agent shall give telephonic notice to Chemical of such rejection promptly after it determines that the Bid Loan Request Confirmation does not substantially conform to the format of Exhibit C. Bid Loan Requests shall in each case refer to this Agreement and specify (i) the proposed Borrowing Date (which must be a Business Day), (ii) the aggregate principal amount thereof (which shall not be less than $5,000,000 and thereafter in integral multiples of $1,000,000) and (iii) the proposed Interest Period thereof.
Requests and Confirmations. In order to request a Borrowing of Bid Loans (a "Bid Loan Request") the Company shall give telephonic, telex or telecopy notice to the Administrative Agent by no later than 11:00 A.M. (New York time) (i) on the date at least five Business Days prior to the date of the requested Bid Borrowing (the "Borrowing Date") in the case of a request for Eurodollar Bid Loans or for both Eurodollar Bid Loans and Stated Rate Bid Loans and (ii) on the date at least one Business Day prior to the Borrowing Date in the case of a request solely for Stated Rate Bid Loans. Each such request may be for up to three maturities and shall be followed on the same day by a duly completed bid loan request confirmation (a "Bid Loan Request Confirmation"), delivered by telecopier or other means of facsimile communication, substantially in the form of Exhibit A hereto or otherwise containing the information required by this Section, to be received by the Administrative Agent no later than 11:30 A.M. (New York time). Bid Loan Request Confirmations that do not conform substantially to the format of Exhibit A may be rejected by the Administrative Agent, and the Administrative Agent shall give telecopy notice to the Company of such rejection promptly after it determines (which determination shall be conclusive) that the Bid Loan Request Confirmation does not substantially conform to the format of Exhibit A. Each Bid Loan Request and each Bid Loan Request Confirmation shall in each case refer to this Agreement and specify (i) the proposed Borrowing Date (which must be a Business Day), (ii) the aggregate principal amount thereof (which shall not be less than $10,000,000 and thereafter in integral multiples of $5,000,000) and (iii) the proposed maturity date thereof, which in the case of Stated Rate Bid Loans shall be 1 to 180 days after the Borrowing Date and in the case of Eurodollar Bid Loans shall be 1, 2, 3 or 6 months after the proposed Borrowing Date (with the Interest Period applicable to each Eurodollar Bid Loan to be coterminous with its maturity date), but with no maturity to extend beyond the Termination Date.
Requests and Confirmations. In order to request a Borrowing of Bid Loans (a "Bid Loan Request"), the Company (on its own behalf or on behalf of PM, as appropriate) shall give telephonic notice to the Agent no later than 2:00 p.m. (New York time) one (1) Business Day before the proposed Borrowing Date, followed on the same day by a duly completed confirmation (a "Bid Loan Request Confirmation"), delivered by telecopier or other means of facsimile communication, substantially in the form of Exhibit C hereto or otherwise containing the information required by this Section 2.2, to be received by the Agent no later than 2:30 p.m. (New York time) on such day. Bid Loan Request Confirmations that do not conform substantially to the format of Exhibit C hereto or otherwise contain the information required by this Section 2.2 may be rejected by the Agent, and the Agent shall give telephonic notice to the Company of such rejection promptly after it determines (which determination shall be conclusive) that the Bid Loan Request Confirmation does not substantially conform to the format of Exhibit C hereto or otherwise contain the information required by this Section 2.
Requests and Confirmations. In order to request a Borrowing of Bid Loans (a "Bid Loan Request"), the Company (acting on behalf of the applicable Borrower) shall give telephonic notice to the Administrative Agent no later than (i) 10:00 a.m. (Chicago time) on the date at least five (5) Business Days before the date of the requested Bid Borrowing (the "Borrowing Date") in the case of a request for Eurocurrency Bid Loans or for both Eurocurrency Bid Loans and Stated Rate Bid Loans and (ii) 2:00 p.m. (Chicago time) on the date at least one (1) Business Day before the Borrowing Date in the case of a request solely for Stated Rate Bid Loans. Each such request may be for up to three maturities and shall be followed on the same day by a duly completed confirmation (a "Bid Loan Request Confirmation"), delivered by telecopy or other means of facsimile communication, substantially in the form of Exhibit F hereto or otherwise containing the information required by this Section 2.2, to be received by the Administrative Agent no later than 2:30 p.m. (Chicago time) on such day. Bid Loan Request Confirmations that do not conform substantially to the format of Exhibit F or otherwise contain
