Common use of Making Loans; Repayment of Loans Clause in Contracts

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior written request from the Borrower to the Administrative Agent and each Lender in the form of a Loan Request attached hereto as Exhibit A, provided that, at any time when PNC (or an Affiliate thereof) is the Administrative Agent hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) on a Business Day (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 3 contracts

Samples: Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Financing Agreement (Evoqua Water Technologies Corp.)

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Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) any Business Day by prior written request from the Borrower to the Administrative Agent and each Lender Agent, in the form of a Loan Request attached hereto as Exhibit A, provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding the Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) ), on a Business Day (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than one hundred thousand dollars ($1,000,000 100,000) and shall be an integral multiple of fifty thousand dollars ($100,00050,000)), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iviii) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 2 contracts

Samples: Receivables Financing Agreement (Waystar Holding Corp.), Receivables Financing Agreement (Waystar Holding Corp.)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day Day’s prior written request from the Borrower to the Administrative Agent and each Lender Group Agent in the form of a Loan Request attached hereto as Exhibit AA-1, provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Group Agent hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding the Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) on a Business Day (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 100,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders Groups (which shall be ratable based on the Group Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 2 contracts

Samples: Receivables Financing Agreement (DCP Midstream, LP), Receivables Financing Agreement (DCP Midstream, LP)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent Administrator and each Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent Administrator and the sole Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent Administrator regarding Administrative AgentAdministrator’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative AgentAdministrator), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative AgentAdministrator. Each Otherwise, each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) on a Business Day the proposed date of such Loan (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).. 749336112 22708133

Appears in 1 contract

Samples: Receivables Financing Agreement (Worthington Industries Inc)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) a Business Day at the prior written request from the Borrower to the Administrative Agent and each Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding the Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each such request for a Loan shall be made no later than 1:00 12:00 p.m. (New York City time) (i) with respect to a Loan in an amount that is less than or equal to fifty million dollars ($50,000,000), on the proposed date of such Loan and (ii) with respect to a Loan in an amount that is greater than fifty million dollars ($50,000,000), on the Business Day immediately preceding the proposed date of such Loan (it being understood that that, in each case, any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (iA) the amount of the Loan(s) requested (which shall not be less than one hundred thousand dollars ($1,000,000 100,000) and shall be an integral multiple of one hundred thousand dollars ($100,000)), (iiB) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iiiC) the account to which the proceeds of such Loan shall be distributed and (ivD) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Sylvamo Corp)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent and each Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each Otherwise, each such request for a Loan shall be made no later than 1:00 12:00 p.m. (New York City time) Eastern Time on a Business Day the proposed date of such Loan (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Sabre Corp)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent Administrator and each Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent Administrator and the sole Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent Administrator regarding Administrative AgentAdministrator’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative AgentAdministrator), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative AgentAdministrator. Each Otherwise, each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) on a Business Day the proposed date of such Loan (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Worthington Industries Inc)

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Making Loans; Repayment of Loans. (a) Each Loan hereunder (x) to be denominated in Dollars or Canadian Dollars and bearing Interest at a rate based on LMIR shall be made on the day of a written request (or on any later date specified in that request) from the Borrower to the Administrative Agent and each Lender and (y) to be denominated in Dollars or Canadian Dollars and bearing Interest at a rate based on Adjusted LIBOR or to be denominated in GBP shall be made on at least one two (12) Business Day Days’ prior written request from the Borrower to the Administrative Agent and each Lender Lender, in each case, in the form of a Loan Request attached hereto as Exhibit A, provided that, at any time when PNC (or an Affiliate thereof) is the Administrative Agent hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. A. Each such request for a Loan shall be made no later than 1:00 p.m. 11:00 a.m. (New York City time) on a Business Day (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which which, unless comprising the entire unused portion of the Commitments, shall not be less than $1,000,000 and shall be in an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and distributed, (iv) the date such requested Loan is to be made (which shall be a Business Day), (v) the currency of such Loan, (vi) the type of Interest Rate requested for such Loan (subject to the provisions of the definition Euro-Rate) and (vii) if applicable, the Tranche Period of such Loan. If the Borrower fails to specify a currency in a Loan Request, then the Loan so requested shall be made in Dollars.

Appears in 1 contract

Samples: Receivables Financing Agreement (Volt Information Sciences, Inc.)

Making Loans; Repayment of Loans. (aa)(a) Each Class A Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent and each Class A Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Class A Lender hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Class A Loan made using such service shall constitute a Loan Request, and each Class A Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each Otherwise, each such request for a Class A Loan shall be made no later than 1:00 12:00 p.m. (New York City time) Eastern Time on a Business Day the proposed date of such Class A Loan (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Class A Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Class A Lenders (which shall be ratable based on the Class A Commitments), (iii) the account to which the proceeds of such Class A Loan shall be distributed and (iv) the date such requested Class A Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Sabre Corp)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent and each Lender in the form of a Loan Request attached hereto as Exhibit A, provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Group Agent hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each such request for a Loan shall be made no later than 1:00 2:00 p.m. (New York City time) on a Business Day (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 and shall be an integral multiple of $100,000), (ii) the allocation of such amount among the Lenders Groups (which shall be ratable based on the Group Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Exact Sciences Corp)

Making Loans; Repayment of Loans. (a) Each Loan hereunder shall be made on at least one (1) Business Day prior the written request from the Borrower to the Administrative Agent and each Lender in the form of a Loan Request attached hereto as Exhibit A, ; provided that, at any time when PNC (or an Affiliate thereof) is both the Administrative Agent and the sole Group Agent hereunder, if the Borrower enters into a separate written agreement with the Administrative Agent regarding Administrative Agent’s PINACLE® auto-advance service (or any similar or replacement electronic loan administration service implemented by the Administrative Agent), then any request for a Loan made using such service shall constitute a Loan Request, and each Loan made pursuant to such service shall be made on the date such Loan Request is received by the Administrative Agent. Each Otherwise, each such request for a Loan shall be made no later than 1:00 p.m. (New York City time) on a Business Day the proposed date of such Loan (it being understood that any such request made after such time shall be deemed to have been made on the following Business Day) and shall specify (i) the amount of the Loan(s) requested (which shall not be less than $1,000,000 100,000 and shall be an integral multiple of $100,00050,000), (ii) the allocation of such amount among the Lenders (which shall be ratable based on the Commitments), (iii) the account to which the proceeds of such Loan shall be distributed and (iv) the date such requested Loan is to be made (which shall be a Business Day).

Appears in 1 contract

Samples: Receivables Financing Agreement (Aveanna Healthcare Holdings, Inc.)

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