Borrowing Request Irrevocable Sample Clauses

Borrowing Request Irrevocable. The Borrowing Request must be signed by an officer or a duly authorized attorney-in-fact of the Borrower and once served, the Borrowing Request cannot be revoked without the prior written consent of the Agent, acting at the direction of the Majority Lenders (such consent and direction not to be unreasonably withheld or delayed). Notwithstanding anything to the contrary in this Clause 4.4, the Borrowing Request cannot be revoked after all the Lenders have made available to the Agent for the account of the Borrower the amount due from the Lenders under Clause 2.1, as set forth under Clause 4.5.
AutoNDA by SimpleDocs
Borrowing Request Irrevocable. Each Borrowing Request shall be irrevocable and binding on the Purchaser, and the Purchaser shall indemnify the Agent and each Facility Lender against any loss or expense incurred by the Agent or such Facility Lender, either directly or indirectly (including any loss or expense incurred by a Conduit, a Conduit CP Funding Provider or a Conduit Support Provider) as a result of any failure by the Purchaser to borrow any Advance, including any loss or expense incurred by the Agent or such Facility Lender, either directly or indirectly (including any loss or expense incurred by a Conduit, a Conduit CP Funding Provider or a Conduit Support Provider) by reason of the liquidation or reemployment of funds acquired by such Facility Lender (or by the relevant Conduit, Conduit CP Funding Provider or Conduit Support Provider, as applicable), including funds obtained by issuing commercial paper or promissory notes or obtaining deposits or loans from third parties, in order to fund such Advance.
Borrowing Request Irrevocable. Each Borrowing Request shall be irrevocable and binding on the Borrower, and the Borrower shall indemnify the Agent and the Liquidity Banks against any loss or expense incurred by the Agent or the Liquidity Banks, either directly or indirectly as a result of any failure by the Borrower to borrow any Advance, including any loss or expense incurred by the Agent or the Liquidity Banks, either directly or indirectly by reason of the liquidation or reemployment of funds acquired by the Liquidity Banks or any of them (including funds obtained by obtaining deposits or loans from third parties) in order to fund such Advance.

Related to Borrowing Request Irrevocable

  • Borrowing Requests Whenever the Borrower desires to make a ------------------ Borrowing hereunder, it shall give Advance Notice in the form of a Borrowing Request, specifying, subject to the provisions hereof, (i) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of Borrowing (which shall be a Business Day), (iii) whether the Loans being made pursuant to such Borrowing are to be ABR Loans or Eurodollar Loans, and (iv) in the case of Eurodollar Loans, the Interest Period to be applicable thereto.

  • Borrowing Request The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03.

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender’s share of any borrowing to be made pursuant thereto.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Notice of Committed Borrowing The Borrower shall give the Agent notice (a "Notice of Committed Borrowing") not later than 10:30 A.M. (New York City time) on (x) the date of each Domestic Borrowing, and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying:

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

  • Borrowing Notices The Administrative Agent shall have received, in respect of any Revolving Loans to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements of Section 2.5.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!