Common use of Manner of Request Clause in Contracts

Manner of Request. In order to request Bid Rate Loans, the Borrower shall give the Administrative Agent a request for Bid Rate Loans no later than 1:00 p.m. (New York time) on the Business Day prior to the Bid Rate Loan Date. Each such request shall be submitted substantially in the form of Schedule 1.02(b) and shall specify (i) the Bid Rate Loan Date, which shall be a Business Day, (ii) the aggregate principal amount of each Type of requested Bid Rate Loans and (iii) the duration of the Interest Periods (each of which shall end on a Business Day (x) no earlier than 7 days and no later than 180 days after the Bid Rate Loan Date and (y) no later than the Termination Date) for each Type of requested Bid Rate Loans. Upon receipt of a timely request for Bid Rate Loans on a Business Day, the Administrative Agent shall notify each Bank of the contents thereof no later than 2:30 p.m. (New York time) on such Business Day.