Common use of Borrowings Other Than Swingline Loans Clause in Contracts

Borrowings Other Than Swingline Loans. Except in the case of Swingline Loans, the Borrower shall give the Administrative Agent a Notice of Borrowing (or telephone notice promptly confirmed by a Notice of Borrowing) not later than 12 noon on (i) the Business Day of each Base Rate Borrowing and (ii) the third Business Day before each Eurodollar Borrowing (and in any event, with respect to Term B-3 Loans, within the time periods prescribed by Section 2.01(d)). Each such Notice of Borrowing shall be irrevocable and shall specify: (A) the date of such Borrowing, which shall be a Business Day; (B) the aggregate principal amount of such Borrowing; (C) the Class and initial Type of the Loans comprising such Borrowing; (D) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period and to Section 2.06(a); and (E) except with respect to Term B-3 Loans which are applied to the Applicable Principal Amortization Payments in accordance herewith, the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.03. If the duration of the initial Interest Period is not specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an initial Interest Period of one month (three months in the case of an R-2 Revolving Loan, Term B-2 Loan or Term B-3 Loan), subject to the provisions of the definition of Interest Period and to Section 2.06(a).

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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Borrowings Other Than Swingline Loans. Except in the case of Swingline Loans, the Borrower shall give the Administrative Agent a Notice of Borrowing (or telephone notice promptly confirmed by a Notice of Borrowing) not later than 12 noon on (i) the Business Day of each Base Rate Borrowing and (ii) the third Business Day before each Eurodollar Borrowing (and in any event, with respect to Term B-3 Loans, within the time periods prescribed by Section 2.01(d))Borrowing. Each such Notice of Borrowing shall be irrevocable and shall specify: (A) the date of such Borrowing, which shall be a Business Day; (B) the aggregate principal amount of such Borrowing; (C) the Class and initial Type of the Loans comprising such Borrowing; (D) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period and to Section 2.06(a); and (E) except with respect to Term B-3 Loans which are applied to the Applicable Principal Amortization Payments in accordance herewith, the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.03. If the duration of the initial Interest Period is not specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an initial Interest Period of one month (three months in the case of an R-2 Revolving Loan, Term B-2 Loan or Term B-3 Loan)month, subject to the provisions of the definition of Interest Period and to Section 2.06(a).

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

Borrowings Other Than Swingline Loans. Except in the case of Swingline Loans, the Borrower shall give the Administrative Agent a Notice of Borrowing (or telephone notice promptly confirmed by a Notice of Borrowing) not later than 12 noon noon. on (i) the Business Day of each Base Rate Borrowing and (ii) the third Business Day before each Eurodollar Borrowing (and in any event, with respect to Term B-3 Loans, within the time periods prescribed by Section 2.01(d))Borrowing. Each such Notice of Borrowing shall be irrevocable and shall specify: (A) the date of such Borrowing, which shall be a Business Day; (B) the aggregate principal amount of such Borrowing; (C) the Class and initial Type of the Loans comprising such Borrowing; (D) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period and to Section 2.06(a); and (E) except with respect to Term B-3 Loans which are applied to the Applicable Principal Amortization Payments in accordance herewith, the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.03. If the duration of the initial Interest Period is not specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an initial Interest Period of one month (three months in the case of an R-2 Revolving Loan, Term B-2 Loan or Term B-3 Loan)month, subject to the provisions of the definition of Interest Period and to Section 2.06(a).

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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Borrowings Other Than Swingline Loans. Except in the case of Swingline Loans, the Borrower shall give the Administrative Agent a Notice of Borrowing (or telephone notice promptly confirmed by a Notice of Borrowing) not later than 12 noon noon. on (i) the Business Day of each Base Rate Borrowing and (ii) the third Business Day before each Eurodollar Borrowing (and in any event, with respect to Term B-3 Loans, within the time periods prescribed by Section 2.01(d))Borrowing. Each such Notice of Borrowing shall be irrevocable and shall specify: (A) the date of such Borrowing, which shall be a Business Day; (B) the aggregate principal amount of such Borrowing; (C) the Class and initial Type of the Loans comprising such Borrowing; (D) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period and to Section 2.06(a); and (E) except with respect to Term B-3 Loans which are applied to the Applicable Principal Amortization Payments in accordance herewith, the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.03. If the duration of the initial Interest Period is not specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an initial Interest Period of one month (three months in the case of an R-2 Revolving Loan, Term B-2 Loan or Term B-3 Loan)month, subject to the provisions of the definition of Interest Period and to Section 2.06(a).

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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