Common use of Borrowing Mechanics for Term Loans Clause in Contracts

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 4 contracts

Samples: Credit Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.), Credit and Guaranty Agreement (RadNet, Inc.)

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Borrowing Mechanics for Term Loans. (i) the Subject to Section 3.2(b), Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than (x) on the Closing Date with respect to Base Rate Loans and (y) at least three (3) Business Days prior to the Closing DateDate with respect to Eurodollar Rate Loans (or such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Closing Date Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office principal office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans Loan available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (TerraForm Power, Inc.), Credit and Guaranty Agreement

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3i) Business Days one day prior to the Closing DateDate for Base Rate Loans, and (ii) three days prior to the Closing Date for Eurodollar Rate Loans. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: First Lien Credit and Guaranty Agreement (Movie Gallery Inc), First Lien Credit and Guaranty Agreement (Movie Gallery Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) two Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B X Term Loan, Tranche A Term Loan, Tranche B-1 Term Loan and/or Tranche B-2 Term Loan, as the case may be, available to the Administrative Agent not later than 12:00 p.m. noon (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hologic Inc), Credit and Guaranty Agreement (Hologic Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Administra­tive Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Exopack Holding Corp), Credit and Guaranty Agreement (Exopack Holding Corp)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent by telefacsimile, electronic communication (in pdf format) or hand delivery a fully executed Borrowing Funding Notice no later than three (3) one Business Days Day prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche A Term Loan and/or Tranche B Term Loan Loan, as the case may be, available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the an account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Bz Intermediate Holdings LLC), Credit and Guaranty Agreement (Boise Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing DateDate with respect to the Term Loans (or such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. 10:30 am (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. ’s Principal Office. (iii) Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the any account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (fuboTV Inc. /FL), Credit and Guaranty Agreement (FaceBank Group, Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (AbitibiBowater Inc.), Credit and Guaranty Agreement (AbitibiBowater Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3specifying a Base Rate Loan) Business Days on or prior to the Closing Date with respect to Term Loans made on the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Company at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Taleo Corp), Credit and Guaranty Agreement (Taleo Corp)

Borrowing Mechanics for Term Loans. (i) the Borrower The Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three 1:00 p.m. (3New York City time) two Business Days prior to in advance of the Closing DateDate with respect to Tranche B Term Loans. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Tranche B Lender of the proposed borrowing. (ii) Each Tranche B Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Tranche B Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Tranche B Term Loans received by the Administrative Agent from the Tranche B Lenders to be credited to the account of the Borrower Company at the Administrative Agent’s Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit Agreement (Bluestem Brands, Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) one Business Days Day prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Bright Horizons Family Solutions Inc.)

Borrowing Mechanics for Term Loans. (i) the The Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior in advance of the proposed Credit Date, or less if agreed to by the Closing DateAdministrative Agent. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Credit Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Credit Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Term Loan Agreement (Globe Specialty Metals Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower The Borrowers shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan Loans available to the Administrative Agent not later than 12:00 p.m. 10:00 a.m. (New York City time) on the Closing Date, by wire transfer of same day funds Same Day Funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the such Term Loans available to the applicable Borrower on the Closing Date by causing an amount of same day funds Same Day Funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the applicable Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the applicable Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Grifols SA)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing DateDate (in the case of Eurodollar Rate Loans) and one Business Day prior to the Closing Date (in the case of Base Rate Loans). Promptly upon receipt by the Administrative Agent of such Borrowing NoticeCertificate, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Company at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Belden & Blake Corp /Oh/)

Borrowing Mechanics for Term Loans. (i) the Subject to Section 2.25, Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Digitalglobe Inc)

Borrowing Mechanics for Term Loans. (i) the Lead Borrower shall deliver have delivered to the Administrative Agent a fully executed Borrowing Funding Notice no later than three 12:00 p.m. (3New York City Time) Business Days one day prior to the Closing DateDate requesting that the Lenders make Term Loans as a Base Rate Loan on such date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) . Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Borrowers on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account account(s) of Borrowers identified in the Borrower at most recent notice substantially in the Principal Office designated form of Exhibit A-4 (a “Notice of Account Designation”) delivered by Borrowers to the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the applicable Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Tumi Holdings, Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) one Business Days Day prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Tranche B Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Och-Ziff Capital Management Group LLC)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Closing Date Certificate (which shall be deemed to be a Funding Notice with respect to the Term Loans for all purposes hereof) no later than three one (31) Business Days day prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Noticethe Closing Date Certificate, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Company at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)

Borrowing Mechanics for Term Loans. (i) On the Borrower Closing Date, the Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice, which Funding Notice no later than three (3) Business Days prior shall be in form and substance reasonably satisfactory to the Closing DateAdministrative Agent. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B each Term Loan to be made by it hereunder available to the Administrative Agent not later than 12:00 p.m. noon (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from the Lenders to be credited to the account of the Borrower Company at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Calpine Corp)

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Borrowing Mechanics for Term Loans. (i) the The Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified hereinherein and receipt of all requested funds, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Term Loan and Guaranty Agreement (Neogenomics Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three one (31) Business Days day prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing NoticeCertificate, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing DateDate (net of a 1.0% discount referred to in subsection 2.1(a)), by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Company at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Reprographics CO)

Borrowing Mechanics for Term Loans. (i) the Borrower The Company Representative shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three two (32) Business Days prior to the Closing Date with respect to Term Loans made on the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Companies on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower one or more Companies at the Administrative Agent’s Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany Representative.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Primo Water Corp)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing NoticeCertificate, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche A Term Loan and/or Tranche B Term Loan Loan, as the case may be, available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Borrowers on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Borrowers at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (International Steel Group Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing Dateeach Borrowing Date or such shorter period of time acceptable to Administrative Agent. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. 11:00 a.m. (New York City time) on the Closing each Borrowing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing such Borrowing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCash Collateral Account.

Appears in 1 contract

Samples: Senior Secured Super Priority Debtor in Possession Credit and Guaranty Agreement (California Coastal Communities Inc)

Borrowing Mechanics for Term Loans. (i) On the Closing Date, Term Loans shall be made as ABR Loans. (ii) Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, . (iii) Each Term Lender shall make the amount of its Term Commitment available to Administrative Agent not later than 2:00 p.m. (New York City time) on the Closing Date by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon Except as provided herein, upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the such Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by the Administrative Agent from Term Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (NewPage CORP)

Borrowing Mechanics for Term Loans. (i) the Borrower The Borrowers shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche A Term Loans and/or Tranche B Term Loan Loans, as the case may be, available to the Administrative Agent not later than 12:00 p.m. 10:00 a.m. (New York City time) on the Closing Date, by wire transfer of same day funds Same Day Funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the such Term Loans available to the applicable Borrower on the Closing Date by causing an amount of same day funds Same Day Funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the applicable Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the applicable Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Grifols SA)

Borrowing Mechanics for Term Loans. (i) the Borrower Credit Party Representative shall deliver to the Administrative Agent a fully duly executed Borrowing Funding Notice no later than three (3) Business Days prior to the Closing Date with respect to Initial Term Loans to be made on the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Initial Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing applicable Credit Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Companies on the Closing applicable Credit Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from the Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account Credit Party Representative as may be designated in writing to the Administrative Agent in the applicable Funding Notice by the BorrowerCredit Party Representative.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lifecore Biomedical, Inc. \De\)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Tranche B Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Second Lien Credit and Guaranty Agreement (RadNet, Inc.)

Borrowing Mechanics for Term Loans. (i) the Borrower Company shall deliver to the Administrative Agent a fully executed Borrowing Closing Date Certificate (which shall be deemed to be a Funding Notice with respect to the Term Loans for all purposes hereof) no later than three (3) Business Days days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Noticethe Closing Date Certificate, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower Company at the Administrative Agent's Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the BorrowerCompany.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Amscan Holdings Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than one (1) Business Day prior to the Closing Date for Base Rate Loans and no later than three (3) Business Days prior to the Closing DateDate for Eurodollar Rate Loans. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. noon (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the applicable conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Aeroflex Inc)

Borrowing Mechanics for Term Loans. (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Funding Notice no later than three (3) Business Days days prior to the Closing each Term Loan Funding Date. Promptly upon receipt by the Administrative Agent of such Borrowing Funding Notice, the Administrative Agent shall notify each Lender with a Term Loan Commitment of the proposed borrowing. (ii) Each Lender with a Term Loan Commitment shall make its Tranche B Term Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing each Term Loan Funding Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, the Administrative Agent shall make the proceeds of the Term Loans available to the Borrower on the Closing each Term Loan Funding Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the Borrower.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Valeant Pharmaceuticals International, Inc.)

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