Common use of Requests for Term Loans Clause in Contracts

Requests for Term Loans. Not later than 9:00 a.m. Eastern time at least 3 Business Days prior to the Effective Date, the Borrower shall give the Administrative Agent a Notice of Term Loans Borrowing requesting that the Term Loan Lenders make the Term Loans on such date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for the Term Loans. Such notice shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 2 contracts

Samples: Credit Agreement (Broadstone Net Lease Inc), Credit Agreement (Broadstone Net Lease Inc)

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Requests for Term Loans. Not later than 9:00 a.m. Eastern time at least 3 Business Days prior to the Effective Date, the Borrower shall give the Administrative Agent a the Notice of Term Loans Loan Borrowing requesting that the Term Loan Lenders make the Term Loans on such date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for the Term Loans. Such notice shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 2 contracts

Samples: Term Loan Agreement (Broadstone Net Lease Inc), Term Loan Agreement (Broadstone Net Lease Inc)

Requests for Term Loans. Not later than 9:00 11:00 a.m. Eastern Central time at least 3 Business Days prior to the Effective Dateanticipated borrowing date, the Borrower shall give the Administrative Agent a Notice of Term Loans Borrowing notice requesting that the Term Loan Lenders make the Term Loans on such the proposed borrowing date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for the Term LoansLoans and the date of such borrowing, which shall be a Business Day. Such notice shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 2 contracts

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust), Credit Agreement (Pennsylvania Real Estate Investment Trust)

Requests for Term Loans. Not later than 9:00 11:00 a.m. Eastern time at least 3 Business Days prior to the anticipated Effective Date, the Borrower shall give the Administrative Agent a Notice of Term Loans Borrowing notice requesting that the Term Loan Lenders make the Term Loans on such date the Effective Date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for the Term Loans. Such notice shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 1 contract

Samples: Franchise Agreement (Hospitality Properties Trust)

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Requests for Term Loans. (a) Initial Term Loan Requests. Not later than 9:00 a.m. 12:00 noon Eastern time at least 3 Business Days prior to the Effective anticipated Initial Funding Date, the Borrower shall give the Administrative Agent a Notice of Term Loans Borrowing requesting that the Term Loan Lenders make the Initial Term Loans on such date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term LoansInitial Funding Date, and if such Initial Term Loans are to be LIBOR Loans, the initial Interest Period for the Initial Term Loans. Such notice Notice of Borrowing shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice Notice of Borrowing the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 1 contract

Samples: Term Loan Agreement (Regency Centers Lp)

Requests for Term Loans. Not later than 9:00 10:00 a.m. Eastern time at least 3 three (3) Business Days prior to the anticipated Effective DateDate (or such later time and/or shorter period as the Administrative Agent may agree in its sole discretion), the Borrower shall give the Administrative Agent a Notice of Term Loans Borrowing notice requesting that the Term Loan Lenders make the Term Loans on such date the Effective Date and specifying the aggregate principal amount of Term Loans to be borrowed, the Type of the Term Loans, and if such Term Loans are to be LIBOR Term SOFR Loans, the initial Interest Period for the Term Loans. Such notice shall be irrevocable once given and binding on the Borrower. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender.

Appears in 1 contract

Samples: Credit Agreement (Office Properties Income Trust)

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