Common use of Administrative Agent's Election Clause in Contracts

Administrative Agent's Election. Promptly after receipt of a Notice of Borrowing, the Administrative Agent shall elect to have the terms of Section 1.2(g) or the terms of Section 1.2(h) apply to such requested US Borrowing. If the Administrative Agent declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h), the terms of Section 1.2(g) shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mobile Storage Group Inc)

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Administrative Agent's Election. Promptly after receipt of a Notice of BorrowingBorrowing (or telephonic notice in lieu thereof), the Administrative Agent shall elect to have the terms of Section 1.2(g1.2(h) or the terms of Section 1.2(h1.2(i) apply to such requested US Borrowing. If the Administrative Agent Bank of America declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h1.2(i), the terms of Section 1.2(g1.2(h) shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Security Agreement (Cone Mills Corp)

Administrative Agent's Election. Promptly after receipt of a Notice of Borrowing, the Administrative Agent shall elect to have the terms of Section 1.2(g) 1.2.7 or the terms of Section 1.2(h) 1.2.8 apply to such requested US Borrowing. If the Administrative Agent Bank of America declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h)1.2.8, the terms of Section 1.2(g) 1.2.7 shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Credit Agreement (U S Plastic Lumber Corp)

Administrative Agent's Election. Promptly after receipt of a Notice of BorrowingBorrowing (or telephonic notice in lieu thereof), the Administrative Agent shall elect to have the terms of Section 1.2(g) or the terms of Section 1.2(h) apply to such requested US Borrowing. If the Administrative Agent Bank declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h), the terms of Section 1.2(g) shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

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Administrative Agent's Election. Promptly after receipt of a Notice of BorrowingBorrowing (or telephonic notice in lieu thereof), the Administrative Agent shall elect to have the terms of Section 1.2(g1.2(h) or the terms of Section 1.2(h1.2(i) apply to such requested US Borrowing. If the Administrative Agent Bank of America declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h1.2(i), the terms of Section 1.2(g1.2(h) shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Westpoint Stevens Inc)

Administrative Agent's Election. Promptly after receipt of a Notice of BorrowingBorrowing (or telephonic notice in lieu thereof), the Administrative Agent shall elect to have the terms of Section 1.2(g) or the terms of Section 1.2(h) apply to such requested US Borrowing. If the Administrative Agent declines in its sole discretion to have the Bank make a Non-Ratable Loan pursuant to Section 1.2(h), the terms of Section 1.2(g) shall apply to the requested US Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mobile Storage Group Inc)

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