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Borrowings of Loans Sample Clauses

Borrowings of Loans. (a) Each Borrowing shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by a Request for Credit Extension. Each such Request for Credit Extension must be received by the Administrative Agent not later than 11:00 a.m. (i) in the case of the Borrowing of Initial Term Loans to occur on the Closing Date, at least three (3) Business Days prior to the Closing Date and (ii) in the case of a Borrowing of DDTLs, at least five (5) Business Days prior to the date of the proposed Borrowing. Each Borrowing of Loans shall be in a principal amount of at least $25,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Request for Credit Extension shall specify (i) whether the Borrower is requesting an Initial Term Loan or DDTL, (ii) the requested date of the Borrowing (which shall be a Business Day) and (iii) the principal amount of Loans to be borrowed (and, in the case of a Borrowing of DDTLs, the amount of such Borrowing constituting Initial DDTLs and the amount thereof constituting Additional DDTLs, if applicable). (b) Following receipt of a Request for Credit Extension, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of the applicable Loans. Subject to the satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), each Lender shall make the amount of its Loan available to the Borrower by wire transfer of such funds, in each case in accordance with instructions provided to the Administrative Agent by the Borrower, on the Business Day specified in the applicable Request for Credit Extension.
Borrowings of Loans. (a) Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of BSBY Rate Loans shall be made upon Borrower’s irrevocable notice to Administrative Agent, which may be given by telephone. Each such notice must be received by Administrative Agent not later than 11:00 a.m. (i) two (2) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of BSBY Rate Loans or of any conversion of BSBY Rate Loans to BSBY Daily Floating Rate Loans, and (ii) on the requested date of any Borrowing of BSBY Daily Floating Rate Loans. Each telephonic notice by Borrower pursuant to this Section 2.02 (a) must be confirmed promptly by delivery to Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of Borrower. Each Borrowing of, conversion to or continuation of BSBY Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $250,000 in excess thereof. Each Borrowing of or conversion to BSBY Daily Floating Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of BSBY Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (v) if applicable, the duration of the Interest Period with respect thereto. If Borrower fails to specify a Type of Loan in a Loan Notice or if Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, BSBY Daily Floating Rate Loans. Any such automatic conversion to BSBY Daily Floating Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable BSBY Rate Loans. If Borrower requests a Borrowing of, conversion to, or continuation of BSBY Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. (b) Following receipt of a Loan Notice, Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage ...
Borrowings of Loans. 17 2.03 Changes of Commitments; Reduction of Maximum Loan Amounts............................ 17 2.04 Fees................................................................................. 17 2.05
Borrowings of LoansEach Borrowing shall be made upon the Borrower’s irrevocable notice to the Lender, which may be given by telephone. Each such notice must be received by the Lender not later than 11:00 a.m. (local time in New York City) one Business Day prior to the requested date of any Borrowing. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Lender of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Except as provided in Section 2.14(a), each Borrowing shall be in a minimum principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Committed Loan Notice (whether telephonic or written) shall specify (i) the requested date of the Borrowing (which shall be a Business Day), and (ii) the principal amount of Loans to be borrowed.
Borrowings of LoansThe Company shall give the Agent notice of each borrowing hereunder as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Loans hereunder, each Lender shall make available the amount of the Loan or Loans to be made by it on such date to the Agent, at an account (designated by the Agent) maintained by the Agent with TD at the Principal Office, in immediately available funds, for account of the Company. The amount so received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to the Company by depositing the same, in immediately available funds, in an account of the Company maintained with TD at the Principal Office designated by the Company.
Borrowings of LoansThe Company shall give the Agent notice of each borrowing hereunder as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Loans hereunder, each Lender shall make available the amount of the Loan or Loans to be made by it on such date to the Agent, at account number 9301035763 (ABA No. 021000021) maintained by the Agent with The Chase Manhattan Bank, in xxxxxxxxely available funds, for account of the Company. The amount so received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to the Company by depositing the same, in immediately available funds, in an account of the Company maintained with a bank in New York City, Houston, Texas or San Francisco, California, designated by the Company.
Borrowings of LoansThe Borrower shall give the Administrative Agent (which shall promptly notify the Banks) notice of each borrowing hereunder to be made to the Borrower as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Loans hereunder, each Bank shall make available the amount of the Loan or Loans to be made by it on such date to the Administrative Agent, at an account designated by the Administrative Agent to the Banks, in immediately available funds, for account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower, in immediately available funds, to such account as it shall specify to the Administrative Agent.
Borrowings of LoansThe Company shall give the Lender notice of each borrowing hereunder as provided in Section 4.4 hereof. Not later than 12:00 p.m. New York time on the Business Day immediately prior to the date specified for each borrowing of Loans hereunder, the Lender shall make available the amount of the Loan or Loans to be made by it on such specified date to the Company by depositing the same, in immediately available funds, in an account of the Company maintained with Citibank N.A. at the office designated by the Company.
Borrowings of LoansThe Company shall give the Collateral Agent not less than thirty (30) days’ notice of each proposed borrowing of Loans. Each such notice shall specify the amount of the Loan(s) proposed to be borrowed (subject to an aggregate maximum equal to the Advance Amount) and the proposed date of borrowing (which shall be a Business Day). The Collateral Agent shall promptly notify Persons proposed to be Investors in the Loan or Loans of the contents of each such notice. Thereafter Parent, the Collateral Agent, and the Persons proposed to be Investors shall negotiate in good faith regarding the proposed terms of such Loan or Loans. Upon reaching agreement on the terms of any proposed Loan or Loans, and unless otherwise agreed, each agreeing Investor shall make available the amount of the Loan or Loans to be made by it on such date to the Collateral Agent, at a bank account maintained by the Collateral Agent for such purpose, in immediately available funds, for the account of the respective Borrower or directly to such Borrower(s). Unless otherwise agreed, any amount so received by the Collateral Agent shall, subject to the terms and conditions of this Agreement, be made available to the respective Borrower(s) by depositing the same, in immediately available funds, in an account of the respective Borrower(s) at a depositary institution or institutions located in California and by written notice to the Collateral Agent designated by Parent.
Borrowings of LoansThe Company shall give the ------------------- Administrative Agent notice of each borrowing of Loans hereunder as provided in Section 4.05 hereof. Not later than 11:00 a.