Rollover Notice Clause Samples
A Rollover Notice clause defines the process by which a contract or agreement is automatically extended for an additional term unless one party provides advance notice of their intent not to renew. Typically, this clause specifies the required notice period and the method by which notice must be given, such as written communication 30 or 60 days before the current term expires. Its core function is to ensure both parties are aware of and can prepare for the continuation or termination of the agreement, thereby preventing unintended automatic renewals and promoting clear communication.
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Rollover Notice. The notice to be given to the Administrative Agent pursuant to Section 5.1 (“Rollover Notice”) shall be irrevocable, shall be given in accordance with Section 3.10, shall be in substantially the form of Schedule E hereto and shall specify:
(a) the maturity date of the maturing LIBOR Loan;
(b) the principal amount of the maturing LIBOR Loan and the portion thereof to be replaced; and
(c) the Interest Period or Interest Periods of the replacement LIBOR Loans.
Rollover Notice. The notice to be given to the Administrative Agent pursuant to Section 5.1 (“Rollover Notice”) shall be irrevocable, shall be given in accordance with Section 3.10, shall be in substantially the form of Schedule E hereto and shall specify:
(a) the maturity date of the maturing Term Benchmark Loan and the Credit Facility under which it was drawn;
(b) the principal amount of the maturing Term Benchmark Loan and the portion thereof to be replaced; and
(c) the Interest Period or Interest Periods of the replacement Term Benchmark Loan(s).
Rollover Notice. The notice to be given to the Administrative Agent pursuant to Section 5.1 or 5.2 (“Rollover Notice”) shall be irrevocable, shall be given in accordance with Section 3.11, shall be in substantially the form of Schedule E hereto and shall specify:
(a) the maturity date of the maturing Bankers’ Acceptances or the maturing LIBOR Loan, as the case may be;
(b) the face amount of the maturing Bankers’ Acceptances or the principal amount of the maturing LIBOR Loan, as the case may be, and the portion thereof to be replaced;
(c) in the case of a maturing LIBOR Loan, the maturity date of the maturing LIBOR Loan, the principal amount of the maturing LIBOR Loan and the portion thereof to be replaced and the Interest Period or Interest Periods of the replacement LIBOR Loans; and
(d) in the case of maturing Bankers’ Acceptances, the aggregate face amount of the new Bankers’ Acceptances to be issued and the term of the new Bankers’ Acceptances.
Rollover Notice. The notice to be given to the Administrative Agent pursuant to Section 5.01 or 5.02 ("Rollover Notice") shall be irrevocable, shall be given in accordance with Section 3.12, shall be in substantially the form of Schedule F hereto and shall specify:
(a) the applicable Borrower;
(b) the maturity date of the maturing Bankers' Acceptances or the maturing LIBO Loan, as the case may be;
(c) the face amount of the maturing Bankers' Acceptances or the principal amount of the maturing LIBO Loan, as the case may be, and the portion thereof to be replaced;
(d) in the case of a maturing LIBO Loan, the Interest Period or Interest Periods of the replacement LIBO Loans; and
(e) in the case of maturing Bankers' Acceptances, the aggregate face amount of the new Bankers' Acceptances to be issued and the term of the new Bankers' Acceptances.
Rollover Notice. The notice to be given to the Administrative Agent pursuant to Section 5.1 (“Rollover Notice”) shall be irrevocable, shall be given in accordance with Section 3.9, shall be in substantially the form of Schedule E hereto and shall specify:
(a) the expiry date of the Interest Period of the Term Benchmark Loan to be replaced;
(b) the principal amount of the Term Benchmark Loan to be replaced and the portion thereof to be replaced; and
(c) the principal amount of the new Term Benchmark Loans and the Interest Period or Interest Periods of the new Term Benchmark Loans.
Rollover Notice. TO: The Bank of Nova Scotia, in its capacity as agent of the Lenders (the “Agent”) DATE:
Rollover Notice. The notice to be given to the Administrative Agent by the Borrower Representative pursuant to Section 5.1 (“Rollover Notice”) shall be irrevocable, shall be given in accordance with Section 3.10, shall be in substantially the form of Exhibit D hereto and shall specify:
(a) the maturity date of the maturing SOFR Loan;
(b) the principal amount of the maturing SOFR Loan and the portion thereof to be replaced; and
(c) the Interest Period or Interest Periods of the replacement SOFR Loans.
Rollover Notice. We hereby give irrevocable notice of a Rollover of an Advance pursuant to Section 2.10 of the Credit Agreement.
Rollover Notice. The Agent shall have received in accordance with the provisions of Section 2.2(a) an originally executed Rollover Notice.
Rollover Notice. 23 ARTICLE 6 6.01 CONVERTING LOAN TO OTHER TYPE OF LOAN.................................24 6.02