Borrowing Mechanics for Revolving Loans. (i) Except pursuant to Section 2.4(d), Revolving Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount.
(ii) Subject to Section 3.3(b), whenever Borrower desires that Lenders make Revolving Loans, Borrower shall deliver to Administrative Agent a fully executed and delivered Funding Notice no later than 1:00 p.m. (New York City time) at least three Business Days in advance of the proposed Credit Date in the case of a Eurodollar Rate Loan and at least one Business Day in advance of the proposed Credit Date in the case of a Revolving Loan that is a Base Rate Loan.
(iii) Notice of receipt of each Funding Notice in respect of Revolving Loans, together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, shall be provided by Administrative Agent to each applicable Lender by telefacsimile with reasonable promptness, but (provided Administrative Agent shall have received such notice by 1:00 p.m. (New York City time)) not later than 2:00 p.m. (New York City time) on the same day as Administrative Agent’s receipt of such Notice from Borrower.
(iv) Each Lender shall make the amount of its Revolving Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars, at the Principal Office designated by Administrative Agent. Except as provided herein, upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of such Revolving Loans available to Borrower on the applicable Credit Date by causing an amount of same day funds in Dollars, equal to the proceeds of all such Revolving Loans received by Administrative Agent from Lenders to be credited to the account of Borrower at the Principal Office designated by Administrative Agent or such other account as may be designated in writing to Administrative Agent by Borrower.
Borrowing Mechanics for Revolving Loans. (i) Except pursuant to 2.04(d), (x) U.S. Revolving Loans that are Base Rate Loans and Canadian Revolving Loans that are Base Rate Loans or Canadian Prime Rate Loans shall be made in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, (y) U.S. Revolving Loans and Canadian Revolving Loans that are Eurocurrency Rate Loans shall be in a minimum amount of $1,000,000 (or, with regard to Loans denominated in Canadian Dollars, the applicable Foreign Currency Equivalent) and integral multiples of $1,000,000 (or, with regard to Loans denominated in Canadian Dollars, the applicable Foreign Currency Equivalent) in excess of that amount and (z) Foreign Revolving Loans shall be in a minimum amount of €1,000,000 (or, with regard to Loans denominated in Other Foreign Currencies, the applicable Foreign Currency Equivalent) and integral multiples of €1,000,000 (or, with regard to Loans denominated in Other Foreign Currencies, the applicable Foreign Currency Equivalent) in excess of that amount.
(ii) Whenever the U.S. Borrower desires that Lenders make Revolving Loans to it, it shall deliver to the Administrative Agent a fully executed and delivered Borrowing Notice no later than 10:00 a.m. (New York City time) (x) at least three (3) Business Days in advance of the proposed Credit Date in the case of a Eurocurrency Rate Loan denominated in Dollars or Canadian Dollars and (y) at least one Business Day in advance of the proposed Credit Date in the case of a Revolving Loan that is a Base Rate Loan denominated in Dollars or a Revolving Loan that is a Canadian Prime Rate Loan denominated in Canadian Dollars. Whenever the Foreign Borrower desires that Lenders make Foreign Revolving Loans, it shall deliver to the Administrative Agent a fully executed and delivered Borrowing Notice no later than 10:00 a.m. (London, England time) at least three (3) Business Days in advance of the proposed Credit Date. Except as otherwise provided herein, a Borrowing Notice for a Revolving Loan that is a Eurocurrency Rate Loan shall be irrevocable on and after the related Interest Rate Determination Date, and the applicable Borrower shall be bound to make a borrowing in accordance therewith.
(iii) Notice of receipt of each Borrowing Notice in respect of U.S. Revolving Loans or Canadian Revolving Loans, together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, shall be provided by the Administrative Ag...
Borrowing Mechanics for Revolving Loans. Revolving Loans that are Base Rate Loans shall be made in a minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, and Revolving Loans that are Eurocurrency Rate Loans shall be in a minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount.
Borrowing Mechanics for Revolving Loans. (i) Each Borrowing shall be made on notice given by the applicable Borrower to the Administrative Agent not later than 12:00 p.m. (New York time) (A) one Business Day, in the case of a Borrowing of Base Rate Loans, Canadian Base Rate Loans and Canadian Prime Loans and (B) three Business Days, in the case of a Borrowing of Eurodollar Rate Loans or B/A Equivalent Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit A-1 (the “Funding Notice”), specifying (1) the date of such proposed Borrowing, (2) whether such Borrowing will be made as a US Revolving Loan or a Canadian Revolving Loan, (3) the aggregate amount of such proposed Borrowing, (4) whether any portion of the proposed Borrowing will be of Base Rate Loans, Canadian Prime Loans, Canadian Base Rate Loans, Eurodollar Rate Loans or B/A Equivalent Loans, (5) for each Eurodollar Rate Loan, the initial Interest Period or Interest Periods thereof and (6) for each B/A Borrowing, the initial Contract Period or Contract Periods thereof. Notwithstanding the foregoing, if a Borrower wishes to request Eurodollar Rate Loans or B/A Equivalent Loans having an Interest Period or Contract Period, as applicable other than one, two, three or six months in duration as provided in the definition of “Interest Period” or “Contract Period”, as applicable, the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. four (4) Business Days (or such shorter period agreed to by the Administrative Agent in its sole discretion) before the date of the proposed Borrowing having an Interest Period or Contract Period, as applicable, other than one, two, three or six months in duration, whereupon the Administrative Agent shall give prompt notice to each applicable Lender whose consent is required with a relevant Revolving Commitment of such request and determine whether the requested Interest Period or Contract Period is acceptable to all of them. Not later than 11:00 a.m., three Business Days before the proposed date of such Borrowing having an Interest Period or Contract Period other than one, two, three or six months in duration, the Administrative Agent shall notify the applicable Borrower (which notice may be by telephone) whether or not the requested Interest Period or Contract Period has been consented to by such Lenders. Each Borrowing of Base Rate Loans, Canadian Base Rate Loans or Canadian Prime Loans shall be in an aggregate amount of...
Borrowing Mechanics for Revolving Loans. 1095171012\7\AMERICAS
(i) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans of the same Class and Type made by the Lenders of such Class proportionately to their applicable Pro Rata Shares. At the commencement of each Interest Period for any Term SOFR Revolving Borrowing, such Borrowing shall be in an aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess of such amount; provided that a Term SOFR Revolving Borrowing that results from a continuation of an outstanding Term SOFR Revolving Borrowing may be in an aggregate amount that is equal to the amount of such outstanding Borrowing. At the time each Base Rate Revolving Borrowing or Daily Simple SOFR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess of such amount; provided that such Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Maximum Credit or that is required to finance the reimbursement of a drawing under a Letter of Credit as contemplated by Section 2.3(d).
Borrowing Mechanics for Revolving Loans. By delivering a Notice of Borrowing to the Administrative Agent on or before 10:00 a.m. (New York City time) on a Business Day, an Officer of the Borrower may from time to time irrevocably request, on not less than three Business Days, in the case of LIBOR Rate Loans, or one Business Day in the case of Base Rate Loans, nor more than five Business Days' notice, that a Revolving Loan be made in a minimum amount of $2,000,000 or in the unused amount of the Total Loan Commitment. The Administrative Agent shall promptly transmit the information in each of the Borrower's Notices of Borrowing to each Lender. On the terms and subject to the conditions of this Agreement (including the conditions precedent specified in Section 3.1 (Conditions Precedent to Closing) or Section 3.2 (Conditions Precedent to each Revolving Loan), as applicable), each Revolving Loan shall be comprised of the Types of Loans, and shall be made by each Lender on the Business Day, specified in such Notice of Borrowing. On or before 12:00 p.m. (New York City time) on the Business Day specified in such Notice of Borrowing, each Lender shall deposit with the Administrative Agent an amount equal to such Lender's applicable Pro Rata Share of the requested Revolving Loan. Such deposit will be made by wire transfer of same day funds in Dollars to an account which the Administrative Agent shall specify from time to time by notice to the Lenders. To the extent funds are received from the applicable Lenders, the Administrative Agent shall make such funds available to the Borrower by wire transfer to one or more accounts as may be designated in writing to the Administrative Agent by the Borrower.
Borrowing Mechanics for Revolving Loans. (i) Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans of the same Type made by the Lenders proportionately to their Pro Rata Shares. At the commencement of each Interest Period for any BSBY Rate Revolving Borrowing, such Borrowing shall be in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess of such amount; provided that a BSBY Rate Revolving Borrowing that results from a continuation of an outstanding BSBY Rate Revolving Borrowing may be in an aggregate amount that is equal to the amount of such outstanding Borrowing. At the time each Base Rate Revolving Borrowing is made, such Borrowing shall be in an aggregate amount of $500,000 or an integral multiple of $100,000 in excess of such amount; provided that such Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Maximum Credit or that is required to finance the reimbursement of a drawing under a Letter of Credit as contemplated by Section 2.4(g).
Borrowing Mechanics for Revolving Loans. (a) Revolving Loans shall be made in an aggregate minimum amount of five million dollars ($5,000,000) and integral multiples of five million dollars ($5,000,000) in excess of that amount.
(b) Whenever the Company desires that the Lenders make Revolving Loans, the Company shall deliver to each Lender the Officer’s Certificate specified in Section 3.6(a) and a fully executed Funding Notice in respect of such Revolving Loans, together with the amount of each Lender’s Pro Rata Share thereof, if any, together with the applicable interest rate, at least ten (10) Business Days in advance of the proposed Loan Date. The Funding Notice shall be delivered to each Lender by facsimile or electronic transmission.
(c) Except as provided herein, upon satisfaction or waiver of the conditions precedent specified in Section 3.6, each Lender shall make its Pro Rata Share of the Revolving Loan available to the Company not later than the Loan Date specified in the applicable Funding Notice by wire transfer of same day funds in lawful money of the United States of America to the account designated by the Company to each Lender by facsimile or electronic transmission.
Borrowing Mechanics for Revolving Loans. (i) Borrower may irrevocably request from the Revolving Loan Lenders a Borrowing under the Revolving Loan Commitment by delivering a Notice of Borrowing no later than 10:00 a.m. (Pacific time) (1) at least three (3) Business Days in advance of the proposed Funding Date with respect to a LIBOR Rate Loan and (2) at least one (1) Business Day prior to the proposed Funding Date with respect to a Base Rate Loan. Promptly upon receipt by Administrative Agent of such Notice of Borrowing, Administrative Agent shall notify each Lender of the proposed Borrowing.
(ii) Each Revolving Loan Lender shall make its Revolving Loan available to Administrative Agent no later than 10:00 a.m. (Pacific time) on the applicable Funding Date, by wire transfer of same day funds in Dollars. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of all such Revolving Loans available to Borrower not later than 1:00 p.m. (Pacific time) on the applicable Funding Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Revolving Loans received by Administrative Agent from the Revolving Loan Lenders to be credited to the account of Borrower as identified in the Notice of Borrowing or as otherwise designated in writing to Administrative Agent by Borrower.
Borrowing Mechanics for Revolving Loans. (i) Except pursuant to 2.04(a), Revolving Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount, and Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount.
(ii) Whenever the Borrower desires that Lenders make Revolving Loans, the Borrower shall deliver to the Administrative Agent a fully executed and delivered Borrowing Notice no later than 11:00 a.m. (New York City time) at least three
