Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Ratable Borrowing Notice, Rate Option Notice, Competitive Bid Borrowing Notice (except as otherwise provided in Section 2.3.10), and repayment notice received by it hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Fixed Ratable Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Appears in 3 contracts
Sources: Credit Agreement (Toll Brothers Inc), Credit Agreement (Toll Brothers Inc), Credit Agreement (Toll Brothers Inc)
Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each notice of reduction in the Aggregate Commitment reduction noticeCommitment, Ratable Swingline Borrowing Notice, Rate Option Borrowing Notice, Competitive Bid Borrowing Conversion/Continuation Notice, notice of repayment and Increase Notice (except as otherwise provided in Section 2.3.10), and repayment notice received by it the Agent hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Fixed Ratable Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Appears in 2 contracts
Sources: Credit Agreement (Pepco Holdings Inc), Credit Agreement (Pepco Holdings Inc)
Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Revolving Credit Commitment reduction notice, Ratable Multicurrency Commitment reduction notice, Borrowing notice, Conversion/Continuation Notice, Rate Option Notice, Competitive Bid Borrowing Notice (except as otherwise provided in Section 2.3.10), and repayment notice received by it hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Fixed Ratable Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate. Each Domestic Reference Lender and each Multicurrency Reference Lender agrees to furnish timely information for the purpose of determining the applicable interest rates.
Appears in 2 contracts
Sources: Credit Agreement (Meritor Automotive Inc), Credit Agreement (Meritor Automotive Inc)
Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Ratable Borrowing Notice, Rate Option Conversion/Continuation Notice, Competitive Bid Borrowing Notice (except as otherwise provided in Section 2.3.10), and repayment notice received by it hereunder. Promptly after notice from an LC Issuer, the Administrative Agent will notify each Lender of the contents of each request for issuance of a Facility LC hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Fixed Ratable Term SOFR Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Appears in 2 contracts
Sources: Credit Agreement (Sekisui House U.S., Inc.), Credit Agreement (M.D.C. Holdings, Inc.)
Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the Administrative Agent will notify each Lender of the contents of each notice of reduction in the Aggregate Commitment reduction noticeor any Sublimit, Ratable Swingline Borrowing Notice, Rate Option Borrowing Notice, Competitive Bid Borrowing Conversion/Continuation Notice, notice of repayment, Increase Notice (except as otherwise provided in Section 2.3.10), and repayment notice Extension Notice received by it the Agent hereunder. The Administrative Agent will notify each Lender of the interest rate applicable to each Fixed Ratable Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.
Appears in 2 contracts
Sources: Fourth Amendment to Second Amended and Restated Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Pepco Holdings Inc)