Common use of Notice to Borrower Clause in Contracts

Notice to Borrower. The Agent shall promptly (and in any event no later than 11:00 A.M. (New York time) on (i) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate Auction) notify the Borrower of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 9 contracts

Samples: Credit Agreement (Us West Inc), Credit Agreement (U S West Inc /De/), Credit Agreement (U S West Inc /De/)

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Notice to Borrower. The Agent shall promptly (x) and in any event no not later than 11:00 10:45 A.M. (New York City time) on (i) the third Euro-Dollar Business Day prior to the proposed date of Borrowing), in the case of a LIBOR Auction Auction, or 10:00 A.M. (ii) the proposed date of BorrowingNew York City time), in the case of an Absolute Rate Auction) , on the date of receipt notify the Borrower of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) notify the Borrower of the terms of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 6 contracts

Samples: Credit Agreement (Nortel Networks Corp), Credit Agreement (Nortel Networks LTD), Credit Agreement (Nortel Networks Corp)

Notice to Borrower. The Agent shall promptly (and in any event no Not later than 11:00 A.M. (New York time) on (i) 11:30 a.m. New York time on the third Euro-Dollar Business Day prior to the proposed date of Borrowing, borrowing in the case of a LIBOR Auction or (ii) 11:30 a.m. New York time on the proposed date of Borrowing, borrowing in the case of an Absolute Rate Auction) , the Auction Agent shall promptly notify the Borrower of the terms of (x) of any Money Market Quote submitted by a any Bank that is in accordance with subsection (dSection 2.3(d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Auction Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Auction Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 5 contracts

Samples: Credit Agreement (American Honda Finance Corp), Day Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Notice to Borrower. The Agent shall promptly (and in any event no Not later than 11:00 A.M. (New York time) on (i) 11:30 a.m. New York time on the third Euro-Dollar Business Day prior to the proposed date of Borrowing, borrowing in the case of a LIBOR Eurocurrency Rate Auction or (ii) 11:30 a.m. New York time on the proposed date of Borrowing, borrowing in the case of an Absolute Rate Auction) , the Auction Agent shall promptly notify the Borrower of the terms of (x) of any Money Market Quote submitted by a any Bank that is in accordance with subsection (dSection 2.3(d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Auction Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Auction Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 4 contracts

Samples: Day Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp), Credit Agreement (American Honda Finance Corp)

Notice to Borrower. The Agent shall promptly (and in any event no later than 11:00 A.M. (New York time) on (i) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate Auction) notify the relevant Borrower of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Agent's notice to the such Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 3 contracts

Samples: Credit Agreement (U S West Communications Inc), Credit Agreement (Qwest Communications International Inc), Credit Agreement (U S West Inc /De/)

Notice to Borrower. The Agent shall promptly (and in any event no Not later than 11:00 A.M. (New York time) on (i) 8:30 a.m. Los Angeles time on the third Euro-Dollar Business Day prior to the proposed date of Borrowing, borrowing in the case of a LIBOR Auction or (ii) 8:30 a.m. Los Angeles time on the proposed date of Borrowing, borrowing in the case of an Absolute Rate Auction) , the Auction Agent shall promptly notify the Borrower of the terms of (x) of any Money Market Quote submitted by a any Bank that is in accordance with subsection (dSection 2.3(d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Auction Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Auction Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 2 contracts

Samples: Administration Agreement (American Honda Finance Corp), Transfer Supplement (American Honda Finance Corp)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on Business Day (i) the third or Euro-Dollar Currency Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate IBOR Auction) after receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Non-IBOR Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Istar Financial Inc), Revolving Credit Agreement (Istar Financial Inc)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on (i) the third Euro-Dollar Business Day prior after receipt thereof except with respect to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Money Market Absolute Rate AuctionBorrowings which shall be on the same day as receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Equity Residential), Revolving Credit Agreement (Erp Operating LTD Partnership)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on Business Day (i) the third or Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate IBOR Auction) after receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Lp)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on (i) the third Euro-Dollar Business Day prior after receipt thereof except with respect to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Money Market Absolute Rate AuctionBorrowings which shall be on the same day as receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to the Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Revolving Credit Agreement (Erp Operating LTD Partnership)

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Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on Business Day (i) the third or Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate IBOR Auction) after receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with 42 subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amb Property Corp)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. within one (New York time1) on Business Day (i) the third or Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate IBOR Auction) after receipt thereof) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Non-IBOR Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Revolving Credit Agreement (Istar Financial Inc)

Notice to Borrower. The Agent shall promptly (and in any event no Not later than 11:00 A.M. (New York time) on (i) 11:30 a.m. New York time on the third Euro-Dollar U.S Government Securities Business Day prior to the proposed date of Borrowing, borrowing in the case of a LIBOR Term SOFR Auction or (ii) 11:30 a.m. New York time on the proposed date of Borrowing, borrowing in the case of an Absolute Rate Auction) , the Auction Agent shall promptly notify the Borrower of the terms of (x) of any Money Market Quote submitted by a any Bank that is in accordance with subsection (dSection 2.3(d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Auction Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Auction Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Day Credit Agreement (American Honda Finance Corp)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 10:30 A.M. (New York time) on (i) the third Euro-Dollar Business Day prior to the proposed date of Borrowing, in the case of a LIBOR Auction or (ii) the proposed date of Borrowing, in the case of an Absolute Rate Auction) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market QuoteQuote or modifies the terms of such previous Money Market Quote to provide terms more favorable to Borrower. The Administrative Agent's ’s notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.

Appears in 1 contract

Samples: Revolving Credit Bridge Agreement (Equity Residential)

Notice to Borrower. The Administrative Agent shall promptly (and in any event no later than 11:00 A.M. before 7:30 a.m. (New York San Francisco time) on (i) the third Euro-Dollar LIBOR Business Day prior to before the proposed date of Borrowingborrowing, in the case of a LIBOR Auction Auction, or (ii) on the first Domestic Business Day before the proposed date of Borrowing, in the case of an Absolute Rate Auction) notify the Borrower in writing of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request. Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote. The Administrative Agent's notice to the Borrower shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted, and (D) the identity of the quoting Bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Irvine Apartment Communities L P)

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