Common use of Making the Revolving Credit Advances Clause in Contracts

Making the Revolving Credit Advances. (a) Each Borrowing of Revolving Credit Advances shall be made on notice by the Company on its own behalf or the Company on behalf of another Borrower, to the Administrative Agent (a "Notice of Borrowing") received by the Administrative Agent, (i) in the case of a proposed Borrowing comprised of Base Rate Advances, not later than 10:00 A.M. (New York City time) on the Business Day of such proposed Borrowing and (ii) in the case of a proposed Borrowing comprised of Eurodollar Rate Advances, not later than 12:00 noon (New York City time) on the third Business Day prior to the date of such proposed Borrowing. Each Notice of Borrowing shall be by telecopy or telephone (and if by telephone, confirmed promptly by telecopier), in substantially the form of Exhibit B, specifying therein the requested (A) Borrower, (B) date of such Borrowing, (C) Type of Revolving Credit Advances comprising such Borrowing, (D) aggregate amount of such Borrowing, and (E) in the case of a Borrowing comprised of Eurodollar Rate Advances, the

Appears in 2 contracts

Samples: Revolving Credit and Competitive Advance Facility Agreement (El Paso CGP Co), Revolving Credit and Competitive Advance Facility Agreement (Tennessee Gas Pipeline Co)

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Making the Revolving Credit Advances. (a) Each Borrowing of Revolving Credit Advances shall be made on notice by notice, given not later than 11:00 A.M. (New York City time) on the Company on its own behalf or the Company on behalf of another Borrower, third U.S. Government Securities Business Day prior to the Administrative Agent (a "Notice date of Borrowing") received by the Administrative Agent, (i) proposed Borrowing in the case of a proposed Borrowing comprised consisting of Base Rate Eurodollar RateAdjusted Term SOFR Advances, not later than 10:00 A.M. or 1:00 P.M. (New York City time) on the Business Day of such the proposed Borrowing and (ii) in the case of a proposed Borrowing comprised consisting of Eurodollar Base Rate Advances, not later than 12:00 noon (New York City time) on by the third Business Day prior Borrower to the date of such proposed BorrowingAgent, which shall give to each Lender prompt notice thereof by telecopier or telex. Each such notice of a Borrowing (a “Notice of Borrowing Borrowing”) shall be by telecopy or telephone (and if by telephone, confirmed promptly immediately in writing signed by telecopier), a Financial Officer in substantially the form of Exhibit BB hereto, specifying therein the requested (A) Borrower, (Bi) date of such Borrowing, (Cii) Type of Revolving Credit Advances comprising such Borrowing, (D) aggregate amount of such Borrowing, and (E) in the case of a Borrowing comprised of Eurodollar Rate Advances, the,

Appears in 2 contracts

Samples: Credit Agreement (DTE Electric Co), Five Year Credit Agreement (DTE Electric Co)

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Making the Revolving Credit Advances. (a) Each Borrowing of Revolving Credit Advances shall be made on notice by the Company on its own behalf or the Company on behalf of another Borrower, to the Administrative Agent (a "Notice of Borrowing") received by the Administrative Agent, (i) in the case of a proposed Borrowing comprised of Base Rate Advances, not later than 10:00 A.M. (New York City time) on the Business Day of such proposed Borrowing and (ii) in the case of a proposed Borrowing comprised of Eurodollar Rate Advances, not later than 12:00 noon (New York City time) on the third Business Day prior to the date of such proposed Borrowing. Each Notice of Borrowing shall be by telecopy or telephone (and if by telephone, confirmed promptly by telecopier), in substantially the form of Exhibit B, specifying therein the requested (A) Borrower, (B) date of such Borrowing, (C) Type of Revolving Credit Advances comprising such Borrowing, (D) aggregate amount of such Borrowing, and (E) in the case of a Borrowing comprised of Eurodollar Rate Advances, thesuch

Appears in 2 contracts

Samples: Revolving Credit and Competitive Advance Facility Agreement (El Paso Energy Corp/De), Revolving Credit and Competitive Advance Facility Agreement (El Paso CGP Co)

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