FORMAL BORROWING REQUEST Sample Clauses

FORMAL BORROWING REQUEST. The Borrower shall give the Agent, and the Agent will give the Banks, notice of each borrowing under the Commitments in accordance with Section 4.3, but subject to Section 4.6 and subsections 2.7 (e) and 4.1(b). Subject to the operation of Section 4.6, not later than 1:00 p.m. on the date specified for each borrowing under the Commitment, each Bank will make available the amount of the Loan to be made by it on such date to the Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amounts received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower at Borrower's direction by transferring the same, in immediately available funds by wire transfer, automated clearinghouse debit or interbank transfer, to (a) one of the Disbursement Accounts as directed by the Borrower or (b) any of the other bank accounts described on Schedule 1.1(a) hereto or hereafter established in accordance with the restrictions set forth in the Borrower Security Agreement or the Subsidiary Security Agreement or (c) a Person or Persons designated by the Borrower in writing.
Sample 1
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FORMAL BORROWING REQUEST. The Borrower shall give the Administrative Agent, and the Administrative Agent will give the Banks, notice of each borrowing under the Revolving Commitments in accordance with Section 4.3, but subject to Section 4.6 and subsections 2.7 (e) and 4.1(b). Subject to the operation of Section 4.6, not later than 2:00 p.m. on the date specified for each borrowing under the Revolving Commitment, each Bank will make available the amount of the Revolving Loan to be made by it on such date to the Administrative Agent, at the Principal Office, in immediately available funds, for the account of the Borrower. The amounts received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower at Borrower's direction by transferring the same, in immediately available funds by wire transfer, automated clearinghouse debit or interbank transfer, to (a) an account of the Borrower (designated by the Borrower) maintained with the Administrative Agent or the Collateral Agent (each a "DISBURSEMENT ACCOUNT") or (b) any of the other bank accounts described in or hereafter established in accordance with the restrictions set forth in the Borrower Security Agreement or the Subsidiary Security Agreements or (c) a Person or Persons designated by the Borrower in writing.
Sample 1
FORMAL BORROWING REQUEST. Parent shall give the Agent, and the Agent will give the Banks, notice of each borrowing under the Commitments in accordance with SECTION 4.3, but subject to SECTION 4.6 and SUBSECTIONS 2.7 (e) AND 4.1(b). Subject to the operation of SECTION 4.6, not later than 1:00 p.m. on the date specified for each borrowing under the Commitment, each Bank will make available the amount of the Loan to be made by it on such date to the Agent, at the Principal Office, in immediately available funds, for the account of the applicable Borrower. The amounts received by the Agent shall, subject to the terms and conditions of this Agreement, be made available to such Borrower at Parent's direction by transferring the same, in immediately available funds by wire transfer, automated clearinghouse debit or interbank transfer, to (a) one of the Disbursement Accounts as directed by Parent or (b) any of the other bank accounts described on SCHEDULE 1.1(a) hereto or hereafter established in accordance with the restrictions set forth in the Security Agreement or (c) a Person or Persons designated by Parent in writing.
Sample 1

Related to FORMAL BORROWING REQUEST

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

  • 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.

  • 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.

  • Initial Borrowing Before or concurrently with the initial Borrowing:

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

  • 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 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.

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Proposed Borrowing This Agreement represents Borrower’s request to borrow [Series [ ] New Term Loans] from New Term Loan Lender as follows (the “Proposed Borrowing”):

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