Funding Notices. (a) (i) Whenever Borrower desires to make a Borrowing consisting of Syndicate Revolving Loans or a Line of Credit Loan (other than one resulting from a conversion or continuation pursuant to Section 4.1(b)(i)), it shall give the Administrative Agent prior written notice (or telephonic notice confirmed in writing) of such Borrowing (a "Notice of Borrowing"), such Notice of Borrowing to be given prior to 12:00 noon (local time for the Administrative Agent) at its Payment Office (A) the same Business Day of the requested date of such Borrowing in the case of Revolving Loans comprised of Base Rate Advances, (B) three Business Days prior to the requested date of such Borrowing in the case of Eurodollar Advances, and (C) the same Business Day of the requested date of such Borrowing in the case of Line of Credit Loans. Notices received after 12:00 noon shall be deemed received on the next Business Day. Each Notice of Borrowing shall be irrevocable and shall specify whether such Borrowing will be a Syndicate Revolving Loan or Line of Credit Loan, the aggregate principal amount of the Borrowing, the date of Borrowing (which shall be a Business Day), if the Borrowing is a Syndicate Revolving Loan, whether the Borrowing is to consist of Base Rate Advances or Eurodollar Advances and (in the case of Eurodollar Advances) the Interest Period to be applicable thereto.
Appears in 1 contract
Samples: Revolving Credit and Line of Credit Agreement (Office Depot Inc)
Funding Notices. (a) (i) Whenever Borrower desires to make a Borrowing consisting of Syndicate Revolving Loans or a Line of with respect to the Revolving Credit Loan Commitments (other than one resulting from a conversion or continuation pursuant to Section 4.1(b)(i4.1.(b)), it shall give the Administrative Agent prior written notice (or telephonic notice promptly confirmed in writing) of such Borrowing substantially in the form attached as Exhibit "D" attached hereto (a "Notice of Revolving Borrowing"), such Notice of Revolving Borrowing to be given at Agent's Payment Office (x) prior to 12:00 noon 11:00 A.M. (local time for the Administrative Agent) at its Payment Office (A) on the same Business Day of which is the requested date of such Borrowing in the case of Revolving Loans comprised of Base Rate Advances, and (By) prior to 12:00 noon (local time for the Agent) three Business Days prior to the requested date of such Borrowing in the case of Eurodollar Advances, and (C) the same Business Day of the requested date of such Borrowing in the case of Line of Credit Loans. Notices received after 12:00 noon shall be deemed received on the next Business Day. Each Notice of Revolving Borrowing shall be irrevocable and shall specify whether such Borrowing will be a Syndicate Revolving Loan or Line of Credit Loan, the aggregate principal amount of the Borrowing, the date of Borrowing (which shall be a Business Day), if the Borrowing is a Syndicate Revolving Loan, and whether the Borrowing is to consist of Base Rate Advances or Eurodollar Advances and (in the case of Eurodollar Advances) the Interest Period to be applicable thereto.
Appears in 1 contract
Samples: Credit Agreement (Rock Tenn Co)
Funding Notices. (a) (i) Whenever Borrower desires to make a Borrowing consisting of Syndicate Revolving Loans under its Revolving Loan Commitments or a Syndicate Line of Credit Loan Loans under its Syndicate Line of Credit Commitments (other than one resulting from a conversion or continuation pursuant to Section 4.1(b)(i4.01(b)(i)), it shall give the Administrative Agent prior written notice (or telephonic notice promptly confirmed in writing) of such Borrowing (a "Notice of Borrowing"), such Notice of Borrowing to be given prior to 12:00 noon 11:00 A.M. (local time for the Administrative Agent) at its Payment Office (Ax) the same one Business Day of prior to the requested date of such Borrowing in the case of Revolving Loans comprised of Base Rate Advances, and (By) three Business Days prior to the requested date of such Borrowing in the case of Eurodollar Advances, and (C) the same Business Day of the requested date of such Borrowing in the case of Line of Credit Loans. Notices received after 12:00 noon 11:00 A.M. shall be deemed received on the next Business Day. Each Notice of Borrowing Borrow ing shall be irrevocable and shall specify whether such Borrowing will be a Syndicate Revolving Loan or Line of Credit Loan, the aggregate principal amount of the Borrowing, the date of Borrowing (which shall be a Business Day), if the Borrowing is a Syndicate Revolving Loan, and whether the Borrowing is to consist of Base Rate Advances or Eurodollar Advances and (in the case of Eurodollar Advances) the Interest Period to be applicable thereto.
Appears in 1 contract
Samples: Revolving Credit and Line of Credit Agreement (Hughes Supply Inc)
Funding Notices. (a) (i) Whenever Borrower desires to make a Borrowing consisting of with respect to the Syndicate Revolving Loans Loan Commitments or a the Syndicate Line of Credit Loan Commitments (other than one resulting from a conversion or continuation pursuant to Section 4.1(b)(i4.01(b)(i)), it shall give the Administrative Agent prior written notice (or telephonic notice promptly confirmed in writing) of such Borrowing (a "Notice of Borrowing"), such Notice of Borrowing to be given prior to 12:00 noon 11:00 A.M. (local time for the Administrative Agent) at its Payment Office (Ax) the same one Business Day of prior to the requested date of such Borrowing in the case of Revolving Loans comprised of Base Rate Advances, (By) two Business Days prior to the requested date of such Borrowing in the case of CD Rate Advances, and (z) three Business Days prior to the requested date of such Borrowing in the case of Eurodollar Advances, and (C) the same Business Day of the requested date of such Borrowing in the case of Line of Credit Loans. Notices received after 12:00 noon 11:00 A.M. shall be deemed received on the next Business Day. Each Notice of Borrowing shall be irrevocable and shall specify whether such Borrowing will be a Syndicate Revolving Loan or Line of Credit Loan, the aggregate principal amount of the Borrowing, the date of Borrowing (which shall be a Business Day), if the Borrowing is a Syndicate Revolving Loan, and whether the Borrowing is to consist of Base Rate Advances, CD Rate Advances or Eurodollar Advances and (in the case of Eurodollar Fixed Rate Advances) the Interest Period to be applicable thereto.
Appears in 1 contract
Samples: Revolving Credit and Line of Credit Agreement (Hughes Supply Inc)