Borrowing Procedures for Swingline Loans. Each Swingline Borrowing shall be made upon a Borrower’s notice to the Swingline Lender and the Administrative Agent. Each such notice shall be in the form of a written Borrowing Request, appropriately completed and signed by a Responsible Officer of the applicable Borrower, or may be given by e-mail to the Administrative Agent (if promptly confirmed by such a written Borrowing Request consistent with such e-mail notice) and must be received by the Swingline Lender and the Administrative Agent not later than 11:00 a.m. (New York City time) on the date of the requested Swingline Borrowing, and such notice shall specify (i) the amount to be borrowed and (ii) the date of such Swingline Borrowing (which shall be a Business Day). Subject to the terms and conditions set forth herein, the Swingline Lender shall make each Swingline Loan available to the requesting Borrower by credit to such Borrower’s account with the Swingline Lender or by wire transfer in accordance with instructions provided to (and reasonably acceptable to) the Swingline Lender, not later than 3:00 p.m. (New York City time) on the requested date of such Swingline Loan.
Appears in 2 contracts
Samples: Revolving Credit Agreement, Revolving Credit Agreement (Enstar Group LTD)
Borrowing Procedures for Swingline Loans. Each Swingline Borrowing shall be made upon a Borrower’s notice to the applicable Swingline Lender and the Administrative Agent. Each such notice shall be in the form of a written Borrowing RequestSwingline Loan Notice, appropriately completed and signed by a Responsible Officer duly authorized officer of the applicable BorrowerBorrowing Agent, or may be given by e-mail to the Administrative Agent telephone (if promptly confirmed in writing by delivery of such a written Borrowing Request Swingline Loan Notice consistent with such e-mail telephonic notice) and must be received by the such applicable Swingline Lender and the Administrative Agent not later than 11:00 a.m. 2:00 p.m. (New York City time) on the date (which shall be a Business Day) of the requested Swingline Borrowing, and such notice shall specify (i) the amount to be borrowed borrowed, which shall be in a minimum of $100,000 or a larger multiple of $100,000, and (ii) the date of such Swingline Borrowing (which shall be a Business Day). Subject to the terms and conditions set forth herein, the such Swingline Lender shall make each Swingline Loan available to the requesting Borrower Borrowers by credit to such Borrower’s Borrowers’ account with the such Swingline Lender or by wire transfer in accordance with instructions provided to (and reasonably acceptable to) the such Swingline Lender, not later than 3:00 4:30 p.m. (New York City time) on the requested date of such Swingline Loan.
Appears in 1 contract
Borrowing Procedures for Swingline Loans. Each Swingline Borrowing shall be made upon a the Borrower’s notice to the Swingline Lender and the Administrative Agent. Each such notice shall be in the form of a written Borrowing Requestan irrevocable notice, appropriately completed and signed by a Responsible Officer of the applicable Borrower, or may be given by e-mail to the Administrative Agent telephone (if promptly confirmed in writing by delivery of such a written Borrowing Request an irrevocable notice consistent with such e-mail telephonic notice) and must be received by the Swingline Lender and the Administrative Agent not later than 11:00 10:00 a.m. (New York City time) on the date of the requested Swingline Borrowing, and such notice shall specify (i) the amount to be borrowed borrowed, which shall be in a minimum of $100,000 or a larger multiple of $50,000, and (ii) the date of such Swingline Borrowing (which shall be a Business Day). Subject to the terms and conditions set forth herein, the Swingline Lender shall make each Swingline Loan available to the requesting Borrower by credit to such the Borrower’s account with the such Swingline Lender or by wire transfer in accordance with instructions provided to (and reasonably acceptable to) the Swingline Lender, not later than 3:00 p.m. (New York City time) on the requested date of such Swingline Loan.
Appears in 1 contract