Notice to Banks; Funding of Loans. (a) Promptly upon (and in any event not later than (w) 12:00 Noon (Toronto time), in the case of a LIBOR Auction, (x) 11:15 A.M. (Toronto time), in the case of an Absolute Rate Auction, (y) 11:30 A.M. (Toronto time), in the case of a Base Rate Borrowing, and (z) 2:30 P.M. (Toronto time), in the case of a Euro-Dollar Borrowing, in each case on the date of) receipt of a Notice of Borrowing submitted in accordance with the terms of this Agreement, the Agent shall promptly notify each Bank of the contents thereof and of such Bank's share (if any) of such Borrowing and (except as provided in Section 8.01) such Notice of Borrowing shall not thereafter be revocable by the Company.
Appears in 6 contracts
Samples: Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp), Agreement (Nortel Networks Corp)
