Examples of Notice of Revolving Credit Borrowing in a sentence
Each Notice of Revolving Credit Borrowing shall be irrevocable and binding on the applicable Borrower.
The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit Borrowing.
If no Interest Period with respect to Eurodollar Rate Advances is specified in any such Notice of Revolving Credit Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month duration.
If no election as to Type of Revolving Credit Advances comprising such Revolving Credit Borrowing is specified in any such Notice of Revolving Credit Borrowing, then such Revolving Credit Advances shall be Alternate Base Rate Advances.
If the applicable Borrower fails to specify a Type of Advance in a Notice of Revolving Credit Borrowing or if the applicable Borrower fails to give a timely notice requesting a Conversion or continuation, then the applicable Advances shall be made as, or converted to, Base Rate Advances.