Common use of Borrowing Mechanics for Loans Clause in Contracts

Borrowing Mechanics for Loans. Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Days, in the case of Eurodollar Rate Loans, and no later than one Business Day, in the case of Base Rate Loans, prior to the Delayed Draw Funding Date or such shorter period of time acceptable to Administrative Agent. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Term Loan Commitment of the proposed borrowing.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)

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Borrowing Mechanics for Loans. Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Days, in the case of Eurodollar Rate Loans, and no later than one Business Day, in the case of Base Rate Loans, prior to the Delayed Draw Funding Closing Date or such shorter period of time acceptable to Administrative Agent. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Closing Date Term Loan Commitment of the proposed borrowing.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)

Borrowing Mechanics for Loans. Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Days, in the case of Eurodollar Rate Loans, and no later than one Business Day, in the case of Base Rate Loans, prior to the Delayed Draw Funding Second Amendment Effective Date or such shorter period of time acceptable to Administrative Agent. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Second Amendment Effective Date Term Loan Commitment of the proposed borrowing.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Tronox LTD), Credit and Guaranty Agreement (Tronox LTD)

Borrowing Mechanics for Loans. (i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Days, in the case of Eurodollar Rate Loans, and no later than (x) one Business Day, in the case of Base Rate Loans, Day prior to the Delayed Draw Funding Closing Date with respect to Base Rate Loans or (y) three Business Days prior to the Closing Date with respect to Eurodollar Rate Loans (or such shorter period of time as may be acceptable to Administrative Agent). Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Term Loan Commitment of the proposed borrowing.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hamilton Lane INC), Credit and Guaranty Agreement (Hamilton Lane INC)

Borrowing Mechanics for Loans. (i) Borrower shall deliver to Administrative Agent a fully executed Funding Notice no later than three Business Days, in (i) one day prior to the case of Eurodollar Closing Date for Base Rate Loans, and no later than one Business Day, in the case of Base Rate Loans, (ii) three days prior to the Delayed Draw Funding Closing Date or such shorter period of time acceptable to Administrative Agentfor Eurodollar Rate Loans. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Term Loan Commitment of the proposed borrowing.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Movie Gallery Inc)

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Borrowing Mechanics for Loans. (i) The Borrower shall deliver to Administrative Agent a fully executed Funding Notice (which may be given by electronic mail, including with electronic signature thereto) no later than three (i) in the case of Base Rate Loans, 1 Business Days, Day and (ii) in the case of Eurodollar Rate Loans, and no later than one 3 Business DayDays, in the case of Base Rate Loanseach case, prior to the Delayed Draw Funding Date or such shorter period of time acceptable to Administrative AgentClosing Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender with a Delayed Draw Term Loan Commitment of the proposed borrowingBorrowing.

Appears in 1 contract

Samples: Senior Subordinated Bridge Loan Agreement (Source Interlink Companies Inc)

Borrowing Mechanics for Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than three (x) one (1) Business Days, in the case of Eurodollar Rate Loans, and no later than one Business Day, in the case of Base Rate Loans, Day prior to the Delayed Draw Funding Closing Date with respect to ABR Loans and (y) three (3) days prior to the Closing Date with respect to Eurodollar Loans (or such shorter period of time as may be acceptable to the Administrative Agent). Promptly upon receipt by the Administrative Agent of such Funding Notice, the Administrative Agent shall notify each Lender with a Delayed Draw Term Loan Commitment of the proposed borrowing.

Appears in 1 contract

Samples: Credit Agreement (Five Below, Inc)

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