Reference Rate Advance Requests. Except as otherwise ------------------------------- provided herein, the Company may request the making of Reference Rate Advances in Dollars prior to the Commitment Termination Date under the Facility by the delivery to the Agent (which shall promptly notify the Lenders) no later than 11:00 a.m. on such Business Day, of a duly completed Reference Rate Advance Request. Each Reference Rate Advance Request delivered to the Agent pursuant to this Section 4.1 shall be irrevocable and shall specify: ----------- (i) the proposed Drawdown Date; and (ii) the principal amount of the proposed Reference Rate Advance, which shall be: (a) a minimum amount of $5,000,000 and, if more than $5,000,000, in additional integral multiples of $1,000,000; and (b) in any event not more than the Adjusted Available Facility Amount.
Appears in 1 contract
Sources: 364 Day Credit Agreement (Pg&e Gas Transmission Northwest Corp)
Reference Rate Advance Requests. Except as otherwise provided ------------------------------- provided herein, the Company may request the making of Reference Rate Advances in Dollars prior to the Commitment Termination Maturity Date under the Facility by the delivery to the Agent (which shall promptly notify the Lenders) no later than 11:00 a.m. on such Business Day, of a duly completed Reference Rate Advance Request. Each Reference Rate Advance Request delivered to the Agent pursuant to this Section 4.1 shall ----------- be irrevocable and shall specify: -----------:
(i) the proposed Drawdown Date; and
(ii) the principal amount of the proposed Reference Rate Advance, which shall be: (a) a minimum amount of $5,000,000 3,000,000 and, if more than $5,000,0003,000,000, in additional integral multiples of $1,000,000; and (b) in any event not more than the Adjusted Available Facility Amount. Any Reference Rate Advance Request received after the deadline specified in this Section 4.1 shall be deemed to have been received by the Agent as of 11:00 a.m. ----------- on the following Business Day.
Appears in 1 contract
Sources: Credit Agreement (Pg&e Gas Transmission Northwest Corp)