Making of Reference Rate Advances. If the Company requests --------------------------------- a Reference Rate Advance in accordance with Section 4.1 hereof, then, on the ----------- proposed Drawdown Date for such Reference Rate Advance, each Lender shall, no later than 1:00 p.m. on such Drawdown Date, make available to the Company in accordance with Section 6.2 hereof the principal amount of such Lender's ----------- participation in such Reference Rate Advance and advise the Agent by telephone and telex or telefacsimile of the Federal Reserve Bank and the wire number effecting the transfer of such amount. The amount which each Lender shall be required to contribute to a Reference Rate Advance shall be an amount equal to such Lender's Commitment Proportion of such Reference Rate Advance; provided, -------- however, that if the amount of a Lender's Commitment is reduced in accordance ------- with the terms hereof after the Agent has received a Reference Rate Advance Request, then such Lender's participation in such Reference Rate Advance, and the amount of such Reference Rate Advance, shall be reduced accordingly.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Pg&e Gas Transmission Northwest Corp)
Making of Reference Rate Advances. If the Company requests a --------------------------------- a Reference Rate Advance in accordance with Section 4.1 hereof, then, on the ----------- proposed Drawdown Date for such Reference Rate Advance, each Lender shall, no later than 1:00 p.m. on such Drawdown Date, make available to the Company in accordance with Section 6.2 hereof the principal amount of such Lender's ----------- participation in such Reference Rate Advance and advise the Agent by telephone and telex or telefacsimile of the Federal Reserve Bank and the wire number effecting the transfer of such amount. The amount which each Lender shall be required to contribute to a Reference Rate Advance shall be an amount equal to such Lender's Commitment Proportion of such Reference Rate Advance; provided, -------- however, that if the amount of a Lender's Commitment is reduced in accordance ------- with the terms hereof after the Agent has received a Reference Rate Advance Request, then such Lender's participation in such Reference Rate Advance, and the amount of such Reference Rate Advance, shall be reduced accordingly.
Appears in 1 contract
Sources: Credit Agreement (Pg&e Gas Transmission Northwest Corp)
Making of Reference Rate Advances. If the Company requests a --------------------------------- a Reference Rate Advance in accordance with Section 4.1 hereof, then, on the ----------- proposed Drawdown Date for such Reference Rate Advance, each Lender shall, no later than 1:00 p.m. on such Drawdown Date, make available to the Company in accordance with Section 6.2 hereof the principal amount of such Lender's ----------- participation in such Reference Rate Advance and advise the Agent by telephone and telex or telefacsimile facsimile of the Federal Reserve Bank and the wire number effecting the transfer of such amount. The amount which each Lender shall be required to contribute to a Reference Rate Advance shall be an amount equal to such Lender's Commitment Proportion of such Reference Rate Advance; provided, -------- however, that if -------- ------- the amount of a Lender's Commitment is reduced in accordance ------- with the terms hereof after the Agent has received a Reference Rate Advance Request, then such Lender's participation in such Reference Rate Advance, and the amount of such Reference Rate Advance, shall be reduced accordingly.
Appears in 1 contract
Sources: Credit Agreement (Pg&e Gas Transmission Northwest Corp)