Common use of Making Requests for New Loans Clause in Contracts

Making Requests for New Loans. Each request for the making of a new Revolving Loan may be made telephonically; provided, however, that Lender, in its sole discretion, may from time to time require each such request to be in writing. If Lender requires Borrowers to make a request for a new Revolving Loan, Borrower Agent shall submit a Notice of Borrowing therefor. Each request (whether telephonic or in writing) shall specify (i) the date for the making of the applicable Loan, which date must be a Business Day; (ii) the principal amount of the applicable Loan to be made; (iii) for any new Loan, the Type of Loan to be made; (iv) for any new Loan, lawful instructions for the disbursement of the proceeds of such Loan (provided that, if such instructions are not included, the proceeds will be deposited into a Funding Account); (v) for any new Revolving Loan, if requested by Lender, a written calculation of the Borrowing Base and a reconciliation of such Borrowing Base to the previous Borrowing Base or request for a Revolving Loan; and (vi) such other information Lender may require from time to time.

Making Requests for New Loans. Each request for the making of a new Revolving Loan may be made telephonically; provided, however, that Lender, in its sole and absolute discretion, may from time to time require each such request to be in writing. If Lender requires Borrowers Borrower to make a request for a new Revolving LoanLoan in writing, Borrower Agent shall submit a Notice of Borrowing therefor. Each request (whether telephonic or in writing) shall specify (i) the date for the making of the applicable Loan, which date must be a Business Day; (ii) the principal amount of the applicable Loan to be made; (iii) for any new Loan, the Type of Loan to be made; (iv) for any new Loan, lawful instructions for the disbursement of the proceeds of such Loan (provided that, if such instructions are not included, the proceeds will be deposited into a Funding Account); (viv) for any new Revolving Loan, if requested by Lender, a written calculation of the Borrowing Base and a reconciliation of such Borrowing Base to the previous Borrowing Base or request for a Revolving LoanBase; and (vi) such other information Lender may require from time to time.

Making Requests for New Loans. Each request for the making of a new Revolving Loan Loan, may be made telephonically; provided, however, that Lender, in its sole discretion, may from time to time require each such request to be in writing. If Lender requires Borrowers to make a request for a new Revolving LoanLoan in writing, Borrower Agent Borrowers shall submit a Notice of Borrowing therefor. Each request (whether telephonic or in writing) shall specify (i) the date for the making of the applicable Loan, which date must be a Business Day; (ii) the principal amount of the applicable Loan to be made; (iii) for any new Loan, the Type of Loan to be made; (iv) for any new Loan, lawful instructions for the disbursement of the proceeds of such Loan for Permitted Purposes (provided that, if such instructions are not included, the proceeds will be deposited into a Funding Account); (viv) for any new Revolving Loan, if requested by Lender, a written calculation of the Borrowing Base and a reconciliation of such Borrowing Base to the previous Borrowing Base or request for a Revolving Loan; and (viv) such other information Lender may require from time to time.