Common use of Borrowing/Election Notice Clause in Contracts

Borrowing/Election Notice. The Company (on behalf of itself or the Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance into a Eurocurrency Rate Advance or continuation of a Eurocurrency Rate Advance not later than 1:00 p.m. (Local Time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than Dollars, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(s) into which such Advance is to be converted or continued and the Agreed Currency and Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (Meritor Inc), Credit Agreement (Meritor Inc), Credit Agreement (Meritor Inc)

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Borrowing/Election Notice. The Company Subject to clause (on behalf of itself or the Subsidiary BorrowerB) above, each Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 12:00 noon (Local TimeChicago time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance Loan in an Agreed Currency other than Dollars to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than DollarsLoan or any Eurocurrency Rate Loan to be continued and made to a Foreign Subsidiary Borrower, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance Loan to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued continued, the Agreed Currency, and the Agreed Currency and duration of the Interest Period applicable thereto.

Appears in 3 contracts

Samples: Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward, Inc.), Woodward Credit Agreement (Woodward, Inc.)

Borrowing/Election Notice. The Company Subject to clause (on behalf of itself or the Subsidiary BorrowerB) above, each Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 12:00 noon (Local TimeChicago time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in an Agreed Currency other than DollarsDollars or any Eurocurrency Rate Loan to be continued and made to a Foreign Subsidiary Borrower, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance Loan to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued continued, the Agreed Currency, and the Agreed Currency and duration of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Woodward, Inc.), Credit Agreement (Woodward Governor Co)

Borrowing/Election Notice. The Company (on behalf of itself or the Subsidiary Borrower) Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 12:00 noon (Local TimeChicago time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in an Agreed Currency other than Dollars, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance Loan to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued continued, the Agreed Currency, and the Agreed Currency and duration of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Woodward Governor Co), Credit Agreement (Woodward Governor Co)

Borrowing/Election Notice. The Company (on behalf of itself or the Subsidiary Borrower) applicable Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 10:00 a.m. (Local TimeChicago time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, continuation with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in Dollars, Dollars and (y) four three (43) Business Days prior to the date of the requested conversion or continuation with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance Loan in an Agreed Currency other than Dollars, specifying: (i1) the requested date (which shall be a Business Day) of such conversion or continuation; (ii2) the amount and Type of the Advance Loan to be converted or continued; and (iii3) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued and continued, the Agreed Currency and the duration of the Interest Period applicable thereto.

Appears in 2 contracts

Samples: Credit Agreement (Catalina Marketing Corp/De), Credit Agreement (Catalina Marketing Corp/De)

Borrowing/Election Notice. The Company (on behalf of itself or the any Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance into a Eurocurrency Rate Advance or continuation of a Eurocurrency Rate Advance not later than 1:00 p.m. 11:00 a.m. (Local TimeChicago time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than Dollars, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(s) into which such Advance is to be converted or continued and the Agreed Currency and Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Borrowing/Election Notice. The Company (on behalf of itself or the Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance into a Eurocurrency Rate Advance or continuation of a Eurocurrency Rate Advance not later than 1:00 p.m. 12:00 noon (Local TimeNew York time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than Dollars, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(s) into which such Advance is to be converted or continued and the Agreed Currency and Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

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Borrowing/Election Notice. The Company (on behalf of itself or the any Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 11:00 a.m. (Local Time) (xChicago time) three (3) Business Days (in the case of a Eurocurrency Rate Loan denominated in Dollars) or four (4) Business Days (in the case of a Eurocurrency Rate Loan denominated in euro, in each case prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than DollarsLoan, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance Loan to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued and continued, the Agreed Currency and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

Borrowing/Election Notice. The Company (on behalf of itself or the Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance into a Eurocurrency Rate Advance or continuation of a Eurocurrency Rate Advance not later than 1:00 p.m. 12:00 noon (Local TimeNew York time) (x) three (3) Business Days prior to the date of the requested conversion or continuation, with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than Dollars, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(s) into which such Advance is to be converted or continued and the Agreed Currency and Interest Period applicable thereto.. (E)

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Borrowing/Election Notice. The Company (on behalf of itself or the any Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 11:00 a.m. (Local Time) (x) three (3) Business Days (in the case of a Eurocurrency Rate Loan denominated in Dollars) or four (4) Business Days (in the case of a Eurocurrency Rate Loan denominated in euro, in each case prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than DollarsLoan, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Advance Loan to be converted or continued; and (iii) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued and continued, the Agreed Currency and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

Borrowing/Election Notice. The Company (on behalf of itself or the any Subsidiary Borrower) shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Advance Loan into a Eurocurrency Rate Advance Loan or continuation of a Eurocurrency Rate Advance Loan not later than 1:00 p.m. 11:00 a.m. (Local Time) (x) three (3) Business Days (in the case of a Eurocurrency Rate Loan denominated in Dollars) or four (4) Business Days (in the case of a Eurocurrency Rate Loan denominated in euro, in each case prior to the date of the requested conversion or continuation, with respect to any Advance Loan to be converted or continued as a Eurocurrency Rate Advance in Dollars, and (y) four (4) Business Days prior to the date of the requested conversion or continuation with respect to any Advance to be converted or continued as a Eurocurrency Rate Advance in an Agreed Currency other than DollarsLoan, specifying: (i) the name of the applicable Borrower, (ii) the requested date (which shall be a Business Day) of such conversion or continuation; (iiiii) the amount and Type of the Advance Loan to be converted or continued; and (iiiiv) the amount of Eurocurrency Rate Advance(sLoan(s) into which such Advance Loan is to be converted or continued and continued, the Agreed Currency and the duration of the Interest Period applicable thereto.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

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