Common use of Contract Advances Clause in Contracts

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. (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 hand, telecopy or facsimiletelex, 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 provisions of the conditions precedent thereto as set forth in Sections 3.02, 4.03 and Article V hereof.

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. (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 hand, telecopy or facsimiletelex, not later than 11:00 a.m. (New York City time) (i) in i)in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in 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 i)the requested (A) date A)date of such Borrowing, (B) principal B)principal amount and Type of Advances comprising such Borrowing and (C) initial Interest C)Interest Period for such Advances; (ii) the ii)the identity of the Borrower requesting such proposed Borrowing and (iii) the 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 provisions of the conditions precedent thereto as set forth in Article V Section s3.02, 4.03 and ArticleV hereof.

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"'NOTICE OF CONTRACT BORROWING'), delivered by the Borrower requesting such Contract Borrowing to the Administrative Agent, by hand hand, telecopy or facsimiletelex, not later than 11:00 a.m. (New York City time) (i) in i)in the case of Eurodollar Rate Advances, on the third Business Day prior to the date of the proposed Borrowing and (ii) in 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 i)the requested (A) date A)date of such Borrowing, (B) principal B)principal amount and Type of Advances comprising such Borrowing and (C) initial Interest C)Interest Period for such Advances; (ii) the ii)the identity of the Borrower requesting such proposed Borrowing and (iii) the 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 provisions of the conditions precedent thereto as set forth in Article V Sections3.02, 4.03 and ArticleV hereof.