Common use of Notice to the Agent Clause in Contracts

Notice to the Agent. The conversion or continuation of any Loans contemplated by subsection (a) shall be made upon written or telephonic notice (in the latter case to be confirmed promptly in writing) from the Borrower to the Agent, which notice shall be received by the Agent not later than 10:00 A.M. (California time) on the Required Notice Date. Each such notice (a "Notice of Conversion or Continuation") shall, except as provided in Sections 6.01 and 6.04, be irrevocable and binding on the Borrower, shall refer to this Agreement and shall specify: (i) the proposed date of the conversion or continuation, which shall be a Business Day (or a LIBOR Business Day, for conversions into or continuations of LIBOR Loans); (ii) the outstanding Loans (or parts thereof) to be converted into or continued as Base Rate or LIBOR Loans; (iii) the aggregate amount of the Loans which are the subject of such continuation or conversion, which shall be in a Minimum Amount; (iv) if the conversion or continuation consists of any LIBOR Loans, the duration of the Interest Period with respect thereto; and (v) that no Default exists hereunder.

Appears in 1 contract

Sources: Credit Agreement (Watkins Johnson Co)

Notice to the Agent. The conversion or continuation of any Loans contemplated by subsection (a) shall be made upon written or telephonic notice (in the latter case to be confirmed promptly in writing) from the Borrower to the Agent, which notice shall be received by the Agent not later than 10:00 11:00 A.M. (California time) on the Required Notice Date. Each such notice (a "Notice of Conversion or Continuation") shall, except as provided in Sections 6.01 5.01 and 6.045.04, be irrevocable and binding on the Borrower, shall refer to this Agreement and shall specify: (i) the proposed date of the conversion or continuation, which shall be a Business Day (or a LIBOR Business Day, for conversions into or continuations of LIBOR Loans); (ii) the outstanding Loans (or parts thereof) to be converted into or continued as Base Rate or LIBOR Eurodollar Rate Loans; (iii) the aggregate amount of the Loans which are the subject of such continuation or conversion, which shall be in a Minimum Amount; (iv) if the conversion or continuation consists of any LIBOR Eurodollar Rate Loans, the duration of the Interest Period with respect thereto; and (v) that no Event of Default exists hereunder.

Appears in 1 contract

Sources: Credit Agreement (Cadence Design Systems Inc)

Notice to the Agent. The conversion or continuation of any Loans contemplated by subsection (a) shall be made upon written or telephonic notice (in the latter case to be confirmed promptly in writing) from the Borrower to the Agent, which notice shall be received by the Agent not later than 10:00 11:00 A.M. (California time) on the Required Notice Date. Each such notice (a "Notice of Conversion or Continuation") shall, except as provided in Sections 6.01 5.01 and 6.045.04, be irrevocable and binding on the Borrower, shall refer to this Agreement and shall specify: (i) the proposed date of the conversion or continuation, which shall shall be a Business Day (or a LIBOR Business Day, for conversions into or continuations of LIBOR Loans); (ii) the outstanding Loans (or parts thereof) to be converted into or continued as Base Rate or LIBOR Eurodollar Rate Loans; (iii) the aggregate amount of the Loans which are the subject of such continuation or conversion, which shall be in a Minimum Amount; (iv) if the conversion or continuation consists of any LIBOR Eurodollar Rate Loans, the duration of the Interest Period with respect thereto; and (v) that no Event of Default exists hereunder.

Appears in 1 contract

Sources: Credit Agreement (Cadence Design Systems Inc)

Notice to the Agent. The conversion or continuation of any Loans contemplated by subsection (a) shall be made upon written or telephonic notice (in the latter case to be confirmed promptly in writing) from the Borrower to the Agent, which notice shall be received by the Agent not later than 10:00 A.M. (California time) on the Required Notice Date. Each such notice (a "Notice of Conversion or Continuation") shall, except as provided in Sections 6.01 5.01 and 6.045.04, be irrevocable and binding on the Borrower, shall refer to this Agreement and shall specify: (i) the proposed date of the conversion or continuation, which shall be a Business Day (or a LIBOR Business Day, for conversions into or continuations of LIBOR Loans); (ii) the outstanding Loans (or parts thereof) to be converted into or continued as Base Rate or LIBOR Eurodollar Rate Loans; (iii) the aggregate amount of the Loans which are the subject of such continuation or conversion, which shall be in a Minimum Amount; (iv) if the conversion or continuation consists of any LIBOR Eurodollar Rate Loans, the duration of the Interest Period with respect thereto; and (v) that no Default exists hereunder.

Appears in 1 contract

Sources: Credit Agreement (Lsi Logic Corp)