Common use of Application for Advance Clause in Contracts

Application for Advance. Borrower shall deliver to Agent a Notice of Borrowing at least one Business Day prior to any Prime Rate Advance and at least three Business Days prior to any Eurodollar Advance. Each Notice of Borrowing must be received by Agent no later than 1:00 p.m. (Dallas, Texas time) as of the applicable date. Prior to making a Notice of Borrowing, Borrower may (without specifying whether the Advance shall be a Prime Rate Advance or a Eurodollar Advance) request that Agent provide Borrower with the most recent Eurodollar Rate. Agent shall endeavor to provide such quoted rate to Borrower on the date of such request.

Appears in 1 contract

Sources: Revolving Credit Agreement (Malone John C)

Application for Advance. Except for any Advances pursuant to SECTION 2.2(c) Borrower shall deliver to Agent a Notice of Borrowing at least one (1) Business Day prior to any Prime Base Rate Advance and at least three (3) Business Days prior to any Eurodollar Advance. Each Notice of Borrowing must be received by Agent no later than 1:00 p.m. 11:00 a.m. (Dallas, Texas time) as of the applicable date. Prior to making a Notice of Borrowing, Borrower may (without specifying whether the Advance shall be a Prime Base Rate Advance or a Eurodollar Advance) request that Agent provide Borrower with the most recent Eurodollar Rate. Agent shall endeavor to provide such quoted rate to Borrower on the date of such request.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Dental Care Inc /De/)

Application for Advance. Borrower shall deliver to Agent a Notice of Borrowing at least one (1) Business Day prior to any Prime Rate Advance and at least three (3) Business Days prior to any Eurodollar Advance. Each Notice of Borrowing must be received by Agent no later than 1:00 p.m. (Dallas, Texas time) as of the applicable date. Prior to making a Notice of Borrowing, Borrower may (without specifying whether the Advance shall be a Prime Rate Advance or a Eurodollar Advance) request that Agent provide Borrower with the most recent Eurodollar Rate. Agent shall endeavor to provide such quoted rate to Borrower on the date of such request.

Appears in 1 contract

Sources: Revolving Credit Agreement (Malone John C)