Examples of Notice of Loan in a sentence
The obligation of any Lender to make any Loan, when so requested hereunder during the Revolving Credit Period, is subject to receipt by each Lender of a Notice of Loan as required by Section 2.02(a) and to the satisfaction of the further conditions that the proceeds of such Loan will be applied only to the payment of the principal of or interest on Eligible Notes as described in Section 2.01(a) and that no Automatic Commitment Termination Event has occurred and is continuing.
Subject to the terms and provisions of this Agreement, including without limitation Article III hereof, each Loan by a Lender under this Section shall be made in its Lender’s Percentage of such amount as may be requested by an Authorized Officer or the Issuing and Paying Agent pursuant to a Notice of Loan submitted to such Lender.
A completed and signed Notice of Loan shall be made to each Lender by delivery to such Lender of a facsimile, or other written form containing the information prescribed in Exhibit B hereto.
An Authorized Officer of the Administrative Borrower may verbally request a Loan, so long as a Notice of Loan is received by the end of the same Business Day, and, if the Administrative Agent or any Lender provides funds or initiates funding based upon such verbal request, the Borrowers shall bear the risk with respect to any information regarding such funding that is later determined to have been incorrect.
Bayer Vice President Public Finance Facsimile: (000) 000-0000 Re: Notice of Loan Under Revolving Credit Agreement dated as of February 1, 2001 (the “Agreement”) among Dallas Area Rapid Transit (“DART”), the Lenders signatory thereto and Westdeutsche Landesbank Girozentrale, acting through its New York Branch, as Administrative Agent (the “Administrative Agent”).