Required Notice of Borrowing definition

Required Notice of Borrowing means a written request for a Committed Loan from Borrower substantially in the form attached hereto as Exhibit G executed by the Borrower's Chairman, President or Executive Vice President and Chief Financial Officer (or such other person as may be designated in a writing delivered to the Agent by the Borrower's Senior Vice President and Chief Financial Officer) delivered to Agent and containing the information set forth in Section 2.02 which shall be delivered prior to 9:00 a.m. (San Francisco, California time) on the requested date of borrowing provided, however, if Borrower shall at the same time elect to have interest accrue on such Committed Loan at a LIBOR Rate the Required Notice of Borrowing shall be given prior to 10:00 a.m. (San Francisco, California time) on a Business Day at least three (3) Business Days before the requested date of borrowing. Requests for borrowing received after the designated hour will be deemed received on the next succeeding Business Day.

Required Notice of Borrowing means a written request for a Committed Loan from Borrower substantially in the form attached hereto as Exhibit H executed by the Borrower's Chairman, President or Executive Vice President and Chief Financial Officer (or such other person as may be designated in a writing delivered to the Agent by the Borrower's Senior Vice President and Chief Financial Officer) delivered to Agent and containing the information set forth in Section 2.02 which shall be delivered prior to 9:00 A.M. (Seattle, Washington time) on the requested date of borrowing PROVIDED, HOWEVER, if Borrower shall at the same time elect to have interest accrue on such Committed Loan at a LIBOR Rate the Required Notice of Borrowing shall be given prior to 10:00 A.M. (Seattle, Washington time) on a Business Day at least three (3) Business Days before the requested date of borrowing. Requests for borrowing received after the designated hour will be deemed received on the next succeeding Business Day.

Required Notice of Borrowing means a written request for a Loan executed by the Borrower, delivered to the Agent and containing the information set forth in Section 2.02 which shall be delivered prior to 10:00 a.m. (Seattle, Washington time), one Business Day prior to the requested date of borrowing provided, however, if the Borrower shall elect to have interest accrue on such Loan at an IBOR Rate, the Required Notice of Borrowing shall be given prior to 10:00 a.m. (Seattle, Washington time), on a Business Day at least three (3) Business Days before the requested date of borrowing. Requests for borrowing received after the designated hour will be deemed received on the next succeeding Business Day.

Examples of Required Notice of Borrowing in a sentence

• The Interest Rate Notice may be given with and contained in any Required Notice of Borrowing.

• Upon receipt of such notice, the Borrower may revoke any applicable Required Notice of Borrowing then submitted by it.

• Each Lender shall before 11:00 a.m. (San Francisco, California time) on the date of the borrowing, pay the lesser of (a) such Lender's Percentage Interest of the aggregate principal amount of the requested borrowing identified in the Required Notice of Borrowing or (b) the maximum amount such Lender is committed to advance pursuant to the terms of Section 2.01 hereof in immediately available funds to the office of the Agent.

• The Borrower shall give the Agent the Required Notice of Borrowing specifying the date of the borrowing of any Committed Loan and the amount thereof, which shall be an integral multiple of One Million Dollars ($1,000,000) and not less than Five Million Dollars ($5,000,000).

• The Borrower shall give the Agent the Required Notice of Borrowing specifying the date of the borrowing of any Loan and the amount thereof, which shall be in an amount which is an integral multiple of One Million Dollars ($1,000,000) and not less than Two Million Dollars ($2,000,000).

• The Agent shall have received the Required Notice of Borrowing and the Security Agreement and the Lenders shall have received their Notes, in each case duly executed and delivered by the Borrower.

• If the Borrower delivers an Interest Rate Notice with any Required Notice of Borrowing for a Loan and the Borrower thereafter declines to take such Loan or a condition precedent to the making of such Loan is not satisfied or waived, Borrower shall indemnify the Agent and each Lender for all losses and any costs which the Agent or any Lender may sustain as a consequence thereof including, without limitation, the costs of redeployment of funds at rates lower than the cost to the Lenders of such funds.

• Each Lender shall before 12:00 noon (Seattle, Washington time), on the date of the borrowing, pay the lesser of (a) such Lender's Percentage Interest of the aggregate principal amount of the requested borrowing identified in the Required Notice of Borrowing or (b) the maximum amount such Lender is committed to advance pursuant to the terms of Section 2.01 hereof in immediately available funds to the Agent at its Commercial Loan Processing Center, Seattle, Washington.