Borrowing Mechanics for Subsequent Loans Sample Clauses

Borrowing Mechanics for Subsequent Loans. (i) Except in the case of a Subsequent Loan made under clause (b)(ii)(B) below, the aggregate amount of Subsequent Loans made on any Credit Date after the Closing Date shall be a minimum amount of $5,000,000 and integral multiples of $1,000,000 thereof in excess of such amount. (ii) Whenever (A) Company desires that Lenders make a Subsequent Loan after the Closing Date, or (B) the average daily balance over a consecutive 30-day period (measured at the end of each month beginning with May 2005) of the Company’s aggregate total for each day during such period of the sum of (1) Cash then held by Company plus (2) the lesser of (x) the borrowing base availability under the Permitted Working Capital Facility minus the total loans outstanding thereunder and (y) the aggregate commitments of the lenders under the Permitted Working Capital Facility minus the total loans outstanding thereunder is less than $20,000,000, the Company shall promptly deliver to Administrative Agent a fully executed, irrevocable, Funding Notice no later than 1:00 P.M. (New York City time) three Business Days prior to the proposed Credit Date; it being understood that any funding required to be requested by Company under clause (ii)(B) hereto shall not be required to be more than the amount necessary to satisfy such $20,000,000 threshold. Promptly upon receipt by Administrative Agent of such funding notice, Administrative Agent shall notify each lender of the proposed borrowing. (iii) Upon satisfaction or waiver of the conditions precedent specified herein, each Lender shall make its Subsequent 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. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of such Subsequent Loans available to Company on the applicable Credit Date by causing an amount of same day funds in Dollars equal to proceeds of all such Subsequent Loans received by Administrative Agent from Lenders to be credited to the account of Company as designated in the Funding Notice to Administrative Agent by Company. Notwithstanding the foregoing, if GSCP is acting as Administrative Agent or otherwise upon request of the Administrative Agent furnished to each Lender not later than 4:00 p.m. (New York City time) on the Business Day preceding the applicable Credit Date, each Lender shall...