Examples of Notice of Requested Borrowing in a sentence
Each Notice of Requested Borrowing shall also provide name, telephone and email contact information of an authorized representative of Issuer.
Draw Fee Concurrently with each advance of the Loan proceeds, the Borrower shall pay the Lender a draw fee in an amount equal to one percent (1%) of the principal amount of the advance requested in the Notice of Requested Borrowing.
A Notice of Requested Borrowing may request preliminary pricing indications for more than one maturity.
Each such notice of a requested borrowing (a "Notice of Requested Borrowing") may be oral or in writing, and shall specify (i) the requested amount of such Loan, (ii) the proposed Borrowing Date, (iii) whether the requested Loan is to be Alternate Base Rate Loan or a Eurodollar Loan, (iv) if a Eurodollar Loan, whether it is a two (2) week, one (1) month, three (3) month, or six (6) month Eurodollar Loan, and (v) the Interest Period for such Loan.
If any Notice of Requested Borrowing shall be oral, Borrower shall deliver to Lender prior to the Borrowing Date a confirmatory written Notice of Requested Borrowing.
The Lender also shall have the right, without regard to the amount requested in the Notice of Requested Borrowing, to refuse to advance Loan proceeds to be used in whole or in part to finance the acquisition of limited partnership interests or membership interests in limited liability companies if, in the opinion of the Lender's counsel, the constituent documents of the issuer of such interest prohibit the granting of a security interest therein and in the economic interest represented thereby.
If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Loans in any such Notice of Requested Borrowing but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.
Subject to the terms and conditions of this Agreement, the proceeds of each such requested Advance shall be made available to the Borrower by wire transfer of funds to the Borrower's account specified in the Notice of Requested Borrowing.
Each notice of a requested borrowing (a "Notice of Requested Borrowing") under this paragraph may be oral or written, and will specify: (i) the requested amount; (ii) proposed Borrowing Date; (iii) whether the requested Loan is to be a Prime Rate Loan or LIBOR Loan; and (iv) Interest Period for the LIBOR Loan.
If such Borrower fails to specify a Type of Loan in a Notice of Requested Borrowing, or if such Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Alternate Base Rate Loans.