Common use of Initial and Subsequent Advances Clause in Contracts

Initial and Subsequent Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances, irrevocable prior written notice not later than 10:00 a.m. (New York time) on the date of such Advance in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; provided, however, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given; and provided, further, that no such notice shall be required in connection with the making of a Base Rate Advance to repay a draw under a Letter of Credit.

Initial and Subsequent Advances. The Borrower shall give the Administrative Agent in the case of Base Rate Advances, irrevocable prior written notice not later than 10:00 a.m. (New York time) on the date of such Advance in the form of a Request for Advance, or telephonic notice followed immediately by a Request for Advance; providedPROVIDED, howeverHOWEVER, that the Borrower's failure to confirm any telephonic notice with a Request for Advance shall not invalidate any notice so given; and providedPROVIDED, furtherFURTHER, that no such notice shall be required in connection with the making of a Base Rate Advance to repay a draw under a Letter of Credit.