Borrowing Mechanics. Company shall deliver to Administrative Agent a Notice of Borrowing no later than 10:00 A.M. (New York City time) at least one Business Days in advance of the proposed Closing Date. The Notice of Borrowing shall specify (i) the proposed Closing Date (which shall be a Business Day) and (ii) the amount of Loans requested. Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans in the manner provided in subsection 2.6. In lieu of delivering the above-described Notice of Borrowing, Company may give Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Paying Agent on or before the Closing Date. Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that Administrative Agent reasonably believes to have been given by a duly authorized officer or other person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection 2.1B, and upon funding of Loans by Lenders in accordance with this Agreement pursuant to any such telephonic notice Company shall have effected Loans hereunder. Except as otherwise provided in subsection 2.6, a Notice of Borrowing for a Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to make a borrowing in accordance therewith.
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Borrowing Mechanics. Revolving Loans made on any Funding Date by way of Prime Rate Loans (other than Swing Line Loans) or Bankers’ Acceptances (other than Revolving Loans made pursuant to a request by Swing Line Lender pursuant to subsection 2.1A(ii)(d), or Revolving Loans made pursuant to subsection 4.3C) shall be in an aggregate minimum amount of Cdn.$1,000,000 and multiples of Cdn.$100,000 in excess of that amount. Swing Line Loans made on any Funding Date pursuant to a Notice of Borrowing shall be in an aggregate minimum amount of Cdn.$1,000,000 and multiples of Cdn.$100,000 in excess of that amount. Swing Line Loans made pursuant to subclause 2.1A(ii)(b) do not require a notice of Borrowing, and are not subject to minimum amounts except as set out in that subclause. Prime Rate Loans made by Revolving Lenders weekly (or at the request of Swing Line Lender) pursuant to subclause 2.1A(ii)(d) shall be in minimum amounts of Cdn.$500,000 and multiples of Cdn.$100,000 in excess thereof. Whenever Company desires that Lenders make Revolving Loans by way of Prime Rate Loans (other than Swing Line Loans), it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 10:00 A.M. 11:00 a.m. (New York City Toronto time) at least one Business Day in advance of the proposed Funding Date. Whenever Company desires that Lenders make Revolving Loans by way of Bankers’ Acceptances, it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 11:00 a.m. (Toronto time) at least three Business Days in advance of the proposed Closing Funding Date. Whenever Company desires that Swing Line Lender make a Swing Line Loan pursuant to clause 2.1A(ii)(c), it shall deliver to Swing Line Lender, with a copy to Administrative Agent, a duly executed Notice of Borrowing no later than 11:00 a.m. (Toronto time) on the proposed Funding Date (which for greater certainty may be delivered by facsimile transmission). Company shall notify Administrative Agent prior to the funding of any Loans requested by Company in the event that any of the matters to which Company is required to certify in the applicable Notice of Borrowing is no longer true and correct as of the applicable Funding Date. The Notice acceptance by Company of Borrowing the proceeds of any Loans (including Swing Line Loans) shall specify (i) constitute a re-certification by Company, as of the proposed Closing Date (applicable Funding Date, as to the matters to which shall be a Business Day) and (ii) the amount of Loans requested. Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans Company is required to certify in the manner provided in subsection 2.6. In lieu of delivering the above-described any Notice of Borrowing, Company may give Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Paying Agent on or before the Closing Date. Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that Administrative Agent reasonably believes to have been given by a duly authorized officer or other person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection 2.1B, and upon funding of Loans by Lenders in accordance with this Agreement pursuant to any such telephonic notice Company shall have effected Loans hereunder. Except as otherwise provided set out in subsection 2.62.6C, a Notice of Borrowing for, or a Notice of Conversion/Rollover for a Eurodollar Rate Loan (Conversion to, or telephonic notice in lieu thereof) Rollover of, Bankers’ Acceptances shall be irrevocable on and after the related Interest Rate Determination Dateirrevocable, and Company shall be bound to make a borrowing or to effect a Conversion or Rollover in accordance therewith. Notwithstanding the foregoing provisions of this subsection 2.1B, no Bankers’ Acceptances may be made and no Prime Rate Loan may be converted into Bankers’ Acceptances until the earlier of the 30th day after the Closing Date and the date specified by Administrative Agent to Company on which the primary syndication of the Loans has been completed.
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Borrowing Mechanics. (i) Borrowing Notices and Amounts Loans made on any Funding Date (other than Revolving Loans made pursuant to Section 3.3(b)) shall be in an aggregate minimum amount of $500,000 and multiples of $100,000 in excess of that amount. Whenever Company desires that Lenders make Term Loans or Revolving Loans it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 10:00 A.M. 12:00 Noon (New York City time) at least one three Business Days in advance of the proposed Closing Date. The Notice Funding Date (in the case of Borrowing shall specify (ia LIBOR Loan) or at least one Business Day in advance of the proposed Closing Funding Date (which shall be in the case of a Business Day) Base Rate Loan). Term Loans and (ii) the amount of Loans requested. Revolving Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate LIBOR Loans in the manner provided in subsection 2.6Section 2.2(d). In lieu of delivering the above-described a Notice of Borrowing, Company may give Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1BSection 2.1(b); provided that such notice shall be promptly confirmed in writing by delivery of a duly executed Notice of Borrowing to Paying Administrative Agent on or before the Closing applicable Funding Date. .
(ii) Telephonic Notice Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer an Officer or other person Person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection 2.1BSection 2.1(b) or under Section 2.2(d), and upon funding of Loans by Lenders Lenders, and upon conversion or continuation of the applicable basis for determining the interest rate with respect to any Loans pursuant to Section 2.2(d), in each case in accordance with this Agreement Agreement, pursuant to any such telephonic notice Company shall have effected Loans or a conversion or continuation, as the case may be, hereunder. Except as otherwise provided in subsection 2.6, a Notice of Borrowing for a Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to make a borrowing in accordance therewith.
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Samples: Credit Agreement (Grande Communications Holdings, Inc.)
Borrowing Mechanics. Revolving Loans made on any Funding Date by way of Prime Rate Loans (other than Swing Line Loans) or Bankers’ Acceptances (other than Revolving Loans made pursuant to a request by Swing Line Lender pursuant to subsection 2.1A(ii)(d), or Revolving Loans made pursuant to subsection 4.3C) shall be in an aggregate minimum amount of Cdn.$1,000,000 and multiples of Cdn.$100,000 in excess of that amount. Swing Line Loans made on any Funding Date pursuant to a Notice of Borrowing shall be in an aggregate minimum amount of Cdn.$1,000,000 and multiples of Cdn.$100,000 in excess of that amount. Swing Line Loans made pursuant to subclause 2.1A(ii)(b) do not require a notice of Borrowing, and are not subject to minimum amounts except as set out in that subclause. Prime Rate Loans made by Revolving Lenders weekly (or at the request of Swing Line Lender) pursuant to subclause 2.1A(ii)(d) shall be in minimum amounts of Cdn.$500,000 and multiples of Cdn.$100,000 in excess thereof. Whenever Company desires that Lenders make Revolving Loans by way of Prime Rate Loans (other than Swing Line Loans), it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 10:00 A.M. 11:00 a.m. (New York City Toronto time) at least one Business Day in advance of the proposed Funding Date. Whenever Company desires that Lenders make Revolving Loans by way of Bankers’ Acceptances, it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 11:00 a.m. (Toronto time) at least three Business Days in advance of the proposed Closing Funding Date. Whenever Company desires that Swing Line Lender make a Swing Line Loan pursuant to clause 2.1A(ii)(c), it shall deliver to Swing Line Lender, with a copy to Administrative Agent, a duly executed Notice of Borrowing no later than 11:00 a.m. (Toronto time) on the proposed Funding Date (which for greater certainty may be delivered by facsimile transmission). Company shall notify Administrative Agent prior to the funding of any Loans requested by Company in the event that any of the matters to which Company is required to certify in the applicable Notice of Borrowing is no longer true and correct as of the applicable Funding Date. The Notice acceptance by Company of Borrowing the proceeds of any Loans (including Swing Line Loans) shall specify (i) constitute a re-certification by Company, as of the proposed Closing Date (applicable Funding Date, as to the matters to which shall be a Business Day) and (ii) the amount of Loans requested. Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans Company is required to certify in the manner provided in subsection 2.6. In lieu of delivering the above-described any Notice of Borrowing, Company may give Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Paying Agent on or before the Closing Date. Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that Administrative Agent reasonably believes to have been given by a duly authorized officer or other person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection 2.1B, and upon funding of Loans by Lenders in accordance with this Agreement pursuant to any such telephonic notice Company shall have effected Loans hereunder. Except as otherwise provided set out in subsection 2.62.6C, a Notice of Borrowing for, or a Notice of Conversion/Rollover for a Eurodollar Rate Loan (Conversion to, or telephonic notice in lieu thereof) Rollover of, Bankers’ Acceptances shall be irrevocable on and after the related Interest Rate Determination Dateirrevocable, and Company shall be bound to make a borrowing or to effect a Conversion or Rollover in accordance therewith.
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Borrowing Mechanics. Company (i) Each borrowing of Loans relating to a particular Aircraft or Spare Engine Pool shall deliver to Administrative Agent be made by the delivery of a Notice of Borrowing no by the Borrower to the Administrative Agent not later than 10:00 A.M. 12:00 Noon (New York City time) at least one on the third Business Days in advance Day prior to the date of the proposed Closing Dateborrowing. The Administrative Agent shall give to each Lender prompt notice thereof. Each such Notice of Borrowing shall be irrevocable and binding on the Borrower. Each such Notice of Borrowing shall be in the form of Exhibit I. The Notice of Borrowing shall specify (i) the proposed Closing Date borrowing date (which shall be a Business Day) and ), (ii) the amount of Loans requested. requested and (iii) the Aircraft or Spare Engine Pool to which the Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans in the manner provided in subsection 2.6relate. In lieu of delivering the above-above described Notice of Borrowing, Company the Borrower may give the Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; , provided that such notice shall be is promptly confirmed in writing by delivery of a Notice of Borrowing to Paying Agent on or before writing.
(ii) Neither the Closing Date. Neither Administrative Agent nor any Lender shall incur any liability to Company the Borrower in acting upon any telephonic notice referred to above that the Administrative Agent reasonably believes in good faith to have been given by a duly authorized officer or other person authorized to borrow on behalf of Company the Borrower or for otherwise acting in good faith under this subsection 2.1B, and upon funding of the Loans by the Lenders in accordance with this Agreement pursuant to any such telephonic notice Company the Borrower shall have effected Loans hereunder. Except as otherwise provided in subsection 2.6, a Notice of Borrowing for a Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to make a borrowing in accordance therewith.the
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Samples: Credit Agreement (Atlas Air Inc)
Borrowing Mechanics. Company shall deliver to Administrative Agent a Notice of Borrowing no later than 10:00 A.M. (New York City time) at least one Business Days in advance of the proposed Restatement Closing Date. The Notice of Borrowing shall specify (i) the proposed Restatement Closing Date (which shall be a Business Day) and (ii) the amount of Loans requested. Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans in the manner provided in subsection 2.6. In lieu of delivering the above-described Notice of Borrowing, Company may give Administrative Agent telephonic notice by the required time of any proposed borrowing under this subsection subsec tion 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a Notice of Borrowing to Paying Agent on or before the Restatement Closing Date. Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that Administrative Agent reasonably believes to have been given by a duly authorized officer or other person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection subsec tion 2.1B, and upon funding of Loans by Lenders in accordance with this Agreement pursuant to any such telephonic notice Company shall have effected Loans hereunder. Except as otherwise provided in subsection 2.6, a Notice of Borrowing for a Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to make a borrowing in accordance therewith.
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