Common use of Borrowing Mechanics for Term Loans Clause in Contracts

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no later than 11:00 a.m. (New York City time) on (A) in the case of Base Rate Loans, the day prior to the Effective Date and (B) in the case of Eurodollar Loans, the third day prior to the Effective Date. Promptly upon receipt by Administrative Agent of such certificate, Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (BPC Holding Corp), Credit and Guaranty Agreement (Berry Plastics Corp)

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Borrowing Mechanics for Term Loans. (i) Company The Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than 11:00 a.m. (x) 12:00 noon (New York City time) on (A) in the case of Base Rate Loans, the one day prior to the Effective Closing Date with respect to Base Rate Loans and (By) in the case of Eurodollar Loans, the third day three days prior to the Effective DateClosing Date with respect to Eurocurrency Rate Loans (or such shorter period as may be acceptable to Administrative Agent). Promptly upon receipt by the Administrative Agent of such certificateFunding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Concordia International Corp.)

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no later than 11:00 a.m. 12:00 p.m. (New York City time) on one (A1) in the case of Base Rate Loans, the day Business Day prior to the Effective Date and (B) in the case of Eurodollar Loans, the third day prior to the Effective Closing Date. Promptly upon receipt by Administrative Agent of such certificateCertificate, Administrative Agent shall notify each Lender of the proposed borrowing. Term Loans borrowed on the Closing Date shall initially be Base Rate Loans.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Mariner Health Care Inc)

Borrowing Mechanics for Term Loans. (i) Company The Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than 11:00 10:00 a.m. (New York City time) on (Ax) in the case of Base Rate Loans, the day one Business Day prior to the Effective Date with respect to Base Rate Loans and (By) in the case of Eurodollar Loans, the third day three Business Days prior to the Effective DateDate with respect to Eurodollar Rate Loans (or such shorter period as may be acceptable to the Administrative Agent). Promptly upon receipt by the Administrative Agent of such certificateFunding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Security Agreement (Pioneer Energy Services Corp)

Borrowing Mechanics for Term Loans. (i) Company The Borrower shall deliver to the Administrative Agent a fully executed Funding Notice no later than 11:00 10:00 a.m. (New York City time) on (A) in the case of Base Rate Loans, the day prior to the Effective Date and (B) in the case of Eurodollar Loans, the third day prior to the Effective Restatement Date. Promptly upon receipt by the Administrative Agent of such certificateFunding Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hologic Inc)

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no not later than 11:00 a.m. 1:00 p.m. (New York City time) on (A) in the case of Base Rate Loans, the day prior to the Effective Date and (B) in the case of Eurodollar Loans, the third day prior to the Effective Closing Date. Promptly upon receipt by Administrative Agent of such certificateFunding Notice, Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Reliant Pharmaceuticals, Inc.)

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Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no later than 11:00 a.m. 12:00 p.m. (New York City time) on (A) at least three Business Days prior to the Closing Date in the case of Base Term Loans that are Eurodollar Rate Loans, the day and at least one Business Day prior to the Effective Closing Date and (B) in the case of Eurodollar Term Loans that are Base Rate Loans, the third day prior to the Effective Date. Promptly upon receipt by Administrative Agent of such certificateFunding Notice, Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AID Restaurant, Inc.)

Borrowing Mechanics for Term Loans. (i) Company Administrative Borrower shall deliver to Administrative Agent a an irrevocable fully executed Funding Notice no later than 11:00 a.m. 12:00 p.m. (New York City time) on at least three Business Days in advance of the Closing Date (Aor such shorter time period as Administrative Agent may agree) in the case of Base a Eurodollar Rate LoansLoan, and at least one Business Day in advance of the day prior to the Effective Closing Date and (B) in the case of Eurodollar Loans, the third day prior to the Effective Date. Promptly upon receipt by Administrative Agent of such certificate, Administrative Agent shall notify each Lender of the proposed borrowinga Base Rate Loan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (AVG Technologies N.V.)

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice no later than 11:00 9:00 a.m. (New York City time) on one (A1) in the case of Base Rate Loans, the day Business Day prior to the Effective Closing Date and (B) in with respect to the case of Eurodollar Term Loans, the third day prior and Company shall be bound to the Effective Datemake a borrowing in accordance therewith. Promptly upon receipt by Administrative Agent of any such certificateFunding Notice, Administrative Agent shall notify each Lender of the proposed borrowing.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Karyopharm Therapeutics Inc.)

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