Common use of Making Revolving Advances Clause in Contracts

Making Revolving Advances. (a) Each Borrowing of Revolving Advances shall be in an amount not less than $10,000,000 (or, if less, the Available Commitments at such time) or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitment Percentages. Each such Borrowing shall be made on notice, given not later than 11:00 A.M. on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Advances, or not later than 1:00 P.M. on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Administrative Agent, which shall give to each Lender prompt written notice. Each such notice of a Borrowing under this Section 2.02 (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or fax in substantially the form of Exhibit A hereto, specifying therein the requested (i) Borrowing Date for such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Advances, the initial Interest Period for each such Advance. Each Lender shall, before 3:00 P.M. on the applicable Borrowing Date, make available for the account of its Applicable Lending Office to the Administrative Agent at the Agent’s Account, in same day funds, such Lender’s ratable portion of the Borrowing to be made on such Borrowing Date. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 3.02, the Administrative Agent will promptly make such funds available to the Borrower in such manner as the Borrower shall have specified in the applicable Notice of Borrowing and as shall be reasonably acceptable to the Administrative Agent.

Making Revolving Advances. (a) Each Borrowing of Revolving Advances shall be in an amount not less than $10,000,000 (or, if less, the Available Commitments at such time) or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitment Percentages. Each such Borrowing shall be made on notice, given not later than 11:00 A.M. on the third U.S. Government Securities Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate SOFR Advances, or not later than 1:00 P.M. on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Administrative Agent, which shall give to each Lender prompt written notice. Each such notice of a Borrowing under this Section 2.02 (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or fax in substantially the form of Exhibit A hereto, specifying therein the requested (i) Borrowing Date for such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate SOFR Advances, the initial Interest Period for each such Advance. Each Lender shall, before 3:00 P.M. on the applicable Borrowing Date, make available for the account of its Applicable applicable Lending Office to the Administrative Agent at the Agent’s Account, in same day funds, such LenderXxxxxx’s ratable portion of the Borrowing to be made on such Borrowing Date. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 3.02, the Administrative Agent will promptly make such funds available to the Borrower in such manner as the Borrower shall have specified in the applicable Notice of Borrowing and as shall be reasonably acceptable to the Administrative Agent.

Making Revolving Advances. (a) Each Borrowing of Revolving Advances shall be in an amount not less than $10,000,000 (or, if less, the Available Commitments at such time) or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitment Percentages. Each such Borrowing shall be made on notice, given not later than 11:00 A.M. on the third U.S. Government Securities Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate RateSOFR Advances, or not later than 1:00 P.M. on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Administrative Agent, which shall give to each Lender prompt written notice. Each such notice of a Borrowing under this Section 2.02 (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or fax in substantially the form of Exhibit A hereto, specifying therein the requested (i) Borrowing Date for such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate RateSOFR Advances, the initial Interest Period for each such Advance. Each Lender shall, before 3:00 P.M. on the applicable Borrowing Date, make available for the account of its Applicable Applicableapplicable Lending Office to the Administrative Agent at the Agent’s Account, in same day funds, such Lender’s ratable portion of the Borrowing to be made on such Borrowing Date. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 3.02, the Administrative Agent will promptly make such funds available to the Borrower in such manner as the Borrower shall have specified in the applicable Notice of Borrowing and as shall be reasonably acceptable to the Administrative Agent. (b) Anything in subsection (a) above to the contrary notwithstanding, (i) the Borrower may not select Eurodollar RateSOFR Advances for any Borrowing if the aggregate amount of such Borrowing is less than $10,000,000 or if the obligation of the Lenders to make Eurodollar RateSOFR Advances shall then be suspended pursuant to Section 2.12(b), 2.12(e) or 2.16, and (ii) there shall be not more than 20 Borrowings at any one time outstanding. (c) Each Notice of Borrowing shall be irrevocable and binding on the Borrower. In the case of any Borrowing that the related Notice of Borrowing specifies is to comprise Eurodollar RateSOFR 29 AmericasActive:16624138.

Making Revolving Advances. (a) Each Borrowing The Agent shall, promptly after receipt by it of a request for a Revolving Advances shall be in an amount not less than $10,000,000 (orAdvance pursuant to Section 2.2, if less, the Available Commitments at such time) or an integral multiple of $1,000,000 in excess thereof and shall consist of Advances of the same Type made on the same day by notify the Lenders ratably according to their respective Commitment Percentages. Each of its receipt of such Borrowing shall be made on notice, given not later than 11:00 A.M. on the third Business Day prior to request specifying: (i) the date of the proposed Borrowing in borrowing and the case time and method of a Borrowing consisting of Eurodollar Rate Advances, or not later than 1:00 P.M. on the date disbursement of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Advances, by the Borrower to the Administrative Agent, which shall give to each Lender prompt written notice. Each such notice of a Borrowing under this Section 2.02 (a “Notice of Borrowing”) shall be by telephone, confirmed immediately in writing, or fax in substantially the form of Exhibit A hereto, specifying therein the Revolving Advance requested (i) Borrowing Date for such Borrowing, thereby; (ii) Type the amount and type of Advances comprising each such Borrowing, Revolving Advance and the applicable Interest Period (if any); and (iii) aggregate amount the apportionment among the Lenders of such BorrowingRevolving Advance as determined by the Agent in accordance with Section 2.1(c), and (iv) whether the requested Revolving Advance is to be disbursed in the case of a Borrowing consisting of Eurodollar Rate Advances, the initial Interest Period for each such AdvanceDollars (to MSI) or Pounds Sterling (to MSUK). Each Lender shall remit its Ratable Share of the principal amount of each Revolving Advance to the Agent such that the Agent is able to, and Agent shall, before 3:00 P.M. to the extent the Lenders have made funds available to it for such purpose, fund such Revolving Advances to MSI in U.S. Dollars and immediately available funds and to MSUK in Pounds Sterling and immediately available funds at the applicable Payment Office prior to 2:00 p.m., on the applicable Borrowing Dateborrowing date provided that if any Lender fails to remit such funds to the Agent in a timely manner, the Agent may elect in its sole discretion to fund with its own funds the Revolving Advances of such Lender on such borrowing date, and such Lender shall be subject to the repayment obligation in Section 13.16. If any Lender so notified fails to make available to the Agent for the account of its Applicable Lending Office to the Administrative Agent at the Agent’s Account, in same day funds, amount of such Lender’s ratable 's portion of the Borrowing to be made Revolving Advance no later than 2:00 p.m., on the applicable borrowing date, then interest shall accrue on such Borrowing Date. After the Administrative Agent’s receipt of Lender's obligation to make such funds and upon fulfillment of payment, from the applicable conditions set forth in Section 3.02, the Administrative Agent will promptly make such funds available borrowing date to the Borrower in date on which such manner as Lender makes such payment (1) with respect to Revolving Advances to MSI: (i) at a rate per annum equal to the Borrower shall have specified in Federal Funds Rate during the first three (3) days following the applicable Notice of Borrowing borrowing date; and as shall be reasonably acceptable (ii) at a rate per annum equal to the Administrative rate applicable to Revolving Advances which are Domestic Rate Loans on and after the fourth day following the applicable borrowing date; and (2) with respect to Revolving Advances to MSUK, at the applicable Revolving Interest Rate, in each case for such period(s) as selected by the Agent.