Examples of Notice of Committed Borrowing in a sentence
Each Notice of Committed Borrowing shall be irrevocable and binding.
If no Interest Period with respect to any Eurodollar Loan is specified in any such Notice of Committed Borrowing, then the Company shall be deemed to have selected an Interest Period of one month’s duration.
Upon receipt of such notice, the Company may revoke any Notice of Committed Borrowing or Notice of Conversion/Continuation then submitted by it.
No Fixed Rate Loan shall be requested or made pursuant to a Notice of Committed Borrowing.
The Term Loans, or any portion thereof, may be either a Base Rate Loan or a Eurodollar Rate Loan, as determined by the Borrower in any Notice of Committed Borrowing, any Notice of Conversion/Continuation or as otherwise provided in this Agreement.