Contract Advances. If such Advance is a Contract Advance, the Applicable Rate from time to time for such Contract Advance from the date of such Advance until the last day of the last Interest Period therefor, payable on the last day of each Interest Period and, in the case of any Interest Period longer than 90 days (in the case of Adjusted CD Rate Advances) or three months (in the case of Eurodollar Rate Contract Advances), on such 90th day or at three-month intervals following the first day of such Interest Period, as the case may be.
Contract Advances. (a) More than one Contract Borrowing may be made on the same Business Day. Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made to the same Borrower on the same Business Day by the Lenders ratably according to their respective Commitments. Each Contract Borrowing shall be made on notice in substantially the form of Exhibit 3.01 hereto (a "Notice of Contract Borrowing"), delivered by the Borrower requesting such Contract Borrowing to the Administrative Agent, by hand or facsimile, not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in the case of Base Rate Advances, on the day of the proposed Borrowing. Upon receipt of a Notice of Contract Borrowing, the Administrative Agent shall notify the Lenders thereof promptly on the day so received. Each Notice of Contract Borrowing shall specify therein: (i) the requested (A) date of such Borrowing, (B) principal amount and Type of Advances comprising such Borrowing and (C) initial Interest Period for such Advances; (ii) the identity of the Borrower requesting such proposed Borrowing and (iii) the Borrower Sublimit applicable to such Borrower on the proposed date of such proposed Borrowing and the aggregate amount of Advances to be outstanding to such Borrower on such date after giving effect to such proposed Borrowing. Each proposed Borrowing shall be subject to the satisfaction of the conditions precedent thereto as set forth in Article V hereof.
Contract Advances. More than one Contract Borrowing may be made on the same Business Day. Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made to the Borrower on the same Business Day by the Lenders ratably according to their respective Commitments. Each Contract Borrowing shall be made on notice in substantially the form of Exhibit 3.01 hereto (a "Notice of Contract Borrowing"), delivered by the Borrower to the Administrative Agent, by hand or facsimile, not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in the case of Base Rate Advances, on the day of the proposed Borrowing. Upon receipt of a Notice of Contract Borrowing, the Administrative Agent shall notify the Lenders thereof promptly on the day so received. Each Notice of Contract Borrowing shall specify therein: (i) the requested (A) date of such Borrowing, (B) principal amount and Type of Advances comprising such Borrowing and (C) initial Interest Period for such Advances; and (ii) the aggregate amount of Outstanding Credits on such date after giving effect to such proposed Borrowing. Each proposed Borrowing shall be subject to the satisfaction of the conditions precedent thereto as set forth in Article V hereof.
Contract Advances. Any liability or credit of or owing from Seller and its Subsidiaries for deposits, prepayments or advances paid to Seller or its Subsidiaries prior to the Closing Date with respect to Contracts ("Contract Advances").
Contract Advances. Subject to Section 2.01, more than one Contract Borrowing may be made on the same Business Day. Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made to the Borrower on the Funding Date, or thereafter continued or converted as Advances of the same Type and for the same Interest Period on the same Business Day, by the Lenders ratably according to their respective Commitments. The Contract Borrowing to be made on the Funding Date shall be made on notice in substantially the form of Exhibit 3.01 hereto (the "Notice of Contract Borrowing"), delivered by the Borrower to the Administrative Agent, by hand or facsimile, not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the Funding Date and (ii) in the case of Base Rate Advances, on the Funding Date. Upon receipt of the Notice of Contract Borrowing, the Administrative Agent shall notify the Lenders thereof promptly on the day so received. The Notice of Contract Borrowing shall specify therein the requested (A) Funding Date, (B) principal amount and Type of Advances comprising such Borrowing and (C) initial Interest Period for such Advances. The Borrowing to be made on the Funding Date shall be subject to the satisfaction of the conditions precedent thereto as set forth in Article V hereof.
Contract Advances. Any Liability or credit owing from Louisiana-Pacific or Redwood, LLC for deposits, prepayments or advances paid to Louisiana-Pacific or Redwood, LLC with respect to the Contracts to the extent (i) reflected on the Balance Sheet or (ii) arising from Allowed Pre-Signing Changes or Allowed Pre-Closing Changes, all of which Liabilities will be reflected in the adjustment to the Purchase Price as set forth in subsection 2.6(d).
Contract Advances. Section 6.14(b) of the Credit Agreement is hereby amended by deleting Section 6.14(b) of the Credit Agreement in its entirety and substituting therefor the following:
Contract Advances. Advances made in the ordinary course of business and pursuant to contractual terms to schools or school districts in an amount not to exceed $17,000,000 in the aggregate at any one time outstanding commencing July 1, 2012 and at all times thereafter.”
Contract Advances. Advances made in the ordinary course of business and pursuant to contractual terms to schools or school districts in an amount not to exceed $5,000,000 in the aggregate at any one time outstanding;
Contract Advances. Each Contract Borrowing shall consist of Contract Advances of the same Type and Interest Period made on the same Business Day by the Lenders ratably according to their respective Commitments. The Borrower may request that more than one Borrowing be made on the same day. Each Contract Borrowing shall be made on notice, given not later than 11:00 a.m. (New York City time) (i) in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in the case of Base Rate Advances, on the day of the proposed Borrowing, by the Borrower to the Administrative Agent, who shall give to each Lender prompt notice thereof on the same day such notice is received. Each such notice of a Contract Borrowing (a "Notice of Contract Borrowing") shall be in substantially the form of Exhibit 3.01A hereto, specifying therein the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing and (iii) Interest Period for each such Advance. Each proposed Borrowing shall be subject to the provisions of Sections 3.02, 4.03 and Article V hereof.
