Common use of Notification of Availability Clause in Contracts

Notification of Availability. If on any date on which a Revolving Credit Loan denominated in a Committed Currency is requested to be made or continued, in the event that the Committed Currency requested or elected by Timken to be continued is not available to the Paying Agent, then the Paying Agent shall notify Timken no later than 4:00 p.m., three Business Days prior to the proposed Borrowing or proposed continuation.

Appears in 2 contracts

Sources: Credit Agreement (Timken Co), Credit Agreement (Timken Co)