Common use of Requests for Bid Rate Loans Clause in Contracts

Requests for Bid Rate Loans. (a) Each Bid Rate Loan shall be made --------------------------- upon irrevocable written or telephonic notice, confirmed promptly in writing, substantially in the form of Exhibit A-2 hereto, by Borrower and must be received by Administrative Agent not later than 9:00 a.m. California time one Business Day prior to the Borrowing Date for such Loan, specifying the Borrowing Date (which must be a Business Day), the amount, and the Interest Period. In requesting a Bid Rate Loan, Borrower may specify up to a maximum of three alternative Interest Periods for the Bid Rate Loan. After giving effect to any borrowing of Bid Rate Loans, there shall not be more than 10 different Interest Periods for Bid Rate Loans and Eurodollar Loans in the aggregate at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Hughes Electronics Corp), Credit Agreement (Hughes Electronics Corp)

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Requests for Bid Rate Loans. (a) Each Bid Rate Loan shall be made upon --------------------------- upon irrevocable written or telephonic notice, confirmed promptly in writing, substantially in the form of Exhibit A-2 hereto, by Borrower and must be received by Administrative Agent not later than 9:00 a.m. California time one Business Day prior to the Borrowing Date for such Loan, specifying the Borrowing Date (which must be a Business Day), the amount, and the Interest Period. In requesting a Bid Rate Loan, Borrower may specify up to a maximum of three alternative Interest Periods for the Bid Rate Loan. After giving effect to any borrowing of Bid Rate Loans, there shall not be more than 10 different Interest Periods for Bid Rate Loans and Eurodollar Loans in the aggregate at any one time.

Appears in 1 contract

Samples: Credit Agreement (Hughes Electronics Corp)

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Requests for Bid Rate Loans. (a) Each a)Each Bid Rate Loan shall be made upon --------------------------- upon irrevocable written or telephonic notice, confirmed promptly in writing, substantially in the form of Exhibit A-2 hereto, by Borrower and must be received by Administrative Agent not later than 9:00 a.m. California time one Business Day prior to the Borrowing Date for such Loan, specifying the Borrowing Date (which must be a Business Day), the amount, and the Interest Period. In requesting a Bid Rate Loan, Borrower may specify up to a maximum of three alternative Interest Periods for the Bid Rate Loan. After giving effect to any borrowing of Bid Rate Loans, there shall not be more than 10 different Interest Periods for Bid Rate Loans and Eurodollar Loans in the aggregate at any one time.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hughes Electronics Corp)

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