Notice of Syndicated Borrowing definition

Notice of Syndicated Borrowing has the meaning assigned to that term in Section 2.02.

Notice of Syndicated Borrowing has the meaning assigned to that term in Section 2.01(b) hereof and shall be substantially in the form of Exhibit D-1 hereto.

Notice of Syndicated Borrowing shall have the meaning ascribed thereto in Section 3.2. MASCOTECH, INC. CREDIT AGREEMENT

Examples of Notice of Syndicated Borrowing in a sentence

• Promptly after receipt of a Notice of Syndicated Borrowing pursuant to Section 2.01(b) (or telephonic notice in lieu thereof) with respect to a Syndicated Loan, the Administrative Agent shall notify each Bank of the proposed borrowing.

• Such Loans of a Bank shall be equal to such Bank's pro rata Share of the aggregate amount of all such Loans requested by the applicable Borrower pursuant to the applicable Notice of Syndicated Borrowing.

• Except as provided in Sections 2.01(c) and 2.12(d), a Notice of Syndicated Borrowing for a Eurocurrency Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to make a borrowing in accordance therewith.

• The Administrative Agent shall promptly advise the Lenders in writing of any Notice of Syndicated Borrowing given pursuant to this Section 2.5 and of each such Lender's portion of the requested Syndicated Borrowing.

• Each such Notice of Syndicated Borrowing shall specify (i) that the Syndicated Borrowing is being requested pursuant to this Agreement, (ii) the proposed Borrowing Date of such Syndicated Borrowing (which shall be a Business Day); (iii) the principal amount of such Syndicated Borrowing; (iv) the Type of Syndicated Borrowing; and (v) in the case of a Syndicated Borrowing comprised of LIBO Rate Loans, the initial Interest Period for such Syndicated Borrowing.

• If no election of a Type of Syndicated Borrowing is specified in any such Notice of Syndicated Borrowing, the Borrower shall be deemed to have requested a Syndicated Borrowing comprised of Base Rate Loans.

• The Company shall give the Agent written notice in substantially the form attached hereto as Exhibit C (a "Notice of Syndicated Borrowing") (a) not later than 12:00 p.m. (Detroit time) on the Business Day of each Floating Rate Borrowing, and (b) not later than 11:00 a.m. (Detroit time) on (i) the second Business Day before each CD Rate Borrowing, and (ii) the third Business Day before each Eurodollar Rate Syndicated Borrowing, specifying: MASCOTECH, INC.

• If Agent delivers such Agent's Notice of Syndicated Borrowing to the Banks by telephone, Agent shall promptly confirm such delivery by telex or facsimile copy substantially in the form of Exhibit D.

• Subject to Section 2.01(a), whenever the Company desires to borrow under this Section 2.01, it shall deliver to the Administrative Agent a Notice of Syndicated Borrowing (which may be telephonic, confirmed promptly in writing) no later than 10:30 A.M. (New York City time) (x) in the case of a Base Rate Loan, on the proposed Funding Date, and (y) in the case of a Eurodollar Rate Loan, three Business Days in advance of the proposed Funding Date.

• The Dollar–Denominated Loans included in each Syndicated Borrowing shall bear interest initially at the type of rate specified by the applicable Borrower in the applicable Notice of Syndicated Borrowing.

More Definitions of Notice of Syndicated Borrowing

Notice of Syndicated Borrowing shall have the meaning ascribed thereto in Section 3.7(a).

Notice of Syndicated Borrowing has the meaning specified in Section 5.02(a).