Common use of Type of Advance Clause in Contracts

Type of Advance. The Borrower shall give the Administrative Agent irrevocable notice (a "Borrowing Notice") (i) not later than 10:00 a.m. (Chicago time) on the Borrowing Date of a Floating Rate Advance, and (ii) not later than 11:00 a.m. (Chicago time) at least three Business Days before the Borrowing Date for a LIBOR Advance, specifying:

Appears in 1 contract

Sources: Credit Agreement (Chateau Communities Inc)

Type of Advance. The Borrower shall give the Administrative Agent irrevocable notice (a "Borrowing Notice") (i) not later than 10:00 a.m. (Chicago time) on the Borrowing Date of a Floating Rate Advance, and (ii) not later than 11:00 a.m. (Chicago time) at least three Business Days before the Borrowing Date for a LIBOR Advance, specifying:11:00

Appears in 1 contract

Sources: Credit Agreement (Chateau Communities Inc)