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 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 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. 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 Second Amendment Effective 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 Second Amendment Effective 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 Second Amendment Effective 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 Second Amendment Effective Date 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)