MANNER OF BORROWINGS Sample Clauses

MANNER OF BORROWINGS. Continuations and Conversions of --------------------------------------------------------- Borrowings. ----------
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MANNER OF BORROWINGS. Borrower will give Administrative Agent a Secondary Revolving Credit Notice of Borrowing with respect to each Borrowing under the Secondary Revolving Credit Facility, not later than 11:00 a.m. (New York, New York time) three Business Days prior to the proposed Borrowing Date with respect to Euro-Rate Advances and on the same Business Day as the proposed Borrowing Date with respect to Alternate Secondary Revolving Credit Base Rate Advances. Administrative Agent will give to each Secondary Revolving Credit Lender prompt notice thereof by telex, telecopier or cable. Each Secondary Revolving Credit Notice of Borrowing will be by telex, telecopier or cable (or by telephonic notice confirmed in writing by a Secondary Revolving Credit Notice of Borrowing delivered no later than the close of business on the day on which such telephonic notice is given), specifying therein all matters required by such Notice, including but not limited to the requested: (i) Borrowing Date and (ii) aggregate amount of such Borrowing. Each Borrowing will be in an aggregate principal amount of $5,000,000 or in integral multiples of $1,000,000 in excess thereof. Each Secondary Revolving Credit Lender will, before 11:00 a.m. (New York, New York time) on the Borrowing Date, make available for Administrative Agent's Account, in same day funds, such Secondary Revolving Credit Lender's Ratable Portion of such Borrowing. After Administrative Agent's receipt of such funds and
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MANNER OF BORROWINGS. On each disbursement date, the Lender shall credit the amount of the net proceeds of the respective drawing under the Loan to the general deposit account of the Borrower with the Lender account number 20283, in immediately available funds, against delivery to the Lender of the applicable Promissory Note payable to the order of the Lender in the principal amount of such Promissory Note.
Sample 1
MANNER OF BORROWINGS. Upon at least two (2) Business Days’ prior written notice (which notice shall be irrevocable and binding on the Companies and shall be in the form of Exhibit B (each, a “Borrowing Request”), the Company Representative may request new Revolving Loans. Each Borrowing Request shall be signed by a Senior Financial Officer of the Company Representative and delivered to each Revolving Holder at its address specified on Schedule B. Each Borrowing Request shall include without limitation the aggregate principal amount of the requested Revolving Loan and, with reasonable particularity, the intended use of the proceeds thereof, whether such Revolving Loan is to bear interest at the Base Rate or the LIBO Rate, the duration of the Interest Period applicable to any LIBO Rate Loan, and the proposed date of the funding of such Revolving Loan Each Borrowing Request shall be deemed received by a Revolving Holder only when all information and documents required to be contained therein or submitted therewith have been actually received by such Revolving Holder and such information and documents conform to the requirements of this Agreement. Any Borrowing Request received by any Revolving Holder on a day which is not a Business Day or after 12:00 noon, New York time, on a Business Day shall be deemed received on the next succeeding Business Day. Upon receipt of a proper Borrowing Request as hereinabove provided, subject to the terms and conditions of this Agreement, the Revolving Holders shall make the proceeds of such Revolving Loan available to the Companies on the date specified in such notice by crediting the Company Representative’s account designated in the applicable Borrowing Request.
Sample 1
MANNER OF BORROWINGS. Unless otherwise specifically provided in this Agreement, Prudential shall receive from the Company, by U.S. Mail, telecopier or telegraphic notice, a Revolving Loan Request at least two Business Days prior to the date on which the Company proposes to borrow (which shall be a LIBOR Business Day). No later than 12:00 PM. (New York City local time) on the Business Day prior to the date of the proposed Revolving Loan, the Company will deliver to Prudential a Revolving Note (unless an appropriate Revolving Note has been previously delivered), together with such other documents and papers as are required under this Agreement, which materials shall be delivered to the address set forth on the Information Schedule (or to such other place or in such other manner as Prudential may by written notice to the Company designate from time to time). Upon receipt of such Revolving Note (if required), the notice provided for above, an Officer's Certificate as provided for in paragraph 3B(2) and such other documentation as may be required, in form and substance satisfactory to Prudential, Prudential shall make the proceeds of such Revolving Loan available to the Company on the date of the proposed Revolving Loan designated in said notice by wire transfer for credit to the Company's account no. 4601-652472 at Xxxxx Fargo Bank, Irvine, California, ABA no. 000000000, or to such other account or place as the Company may hereafter designate by written notice to Prudential.
Sample 1
MANNER OF BORROWINGS. Unless otherwise specifically provided in this Agreement, Prudential shall receive from the Company at least three Business Days' prior written, telex, telecopier or telegraphic notice of its intention to borrow hereunder, specifying the date on which it proposes to borrow (which shall be a LIBOR Business Day) and the principal amount of the proposed Revolving Loan. No later than 11:00 A.M. (New York City local time) on the Business Day prior to the date of the proposed Loan, the Company will deliver to Prudential a Revolving Note (unless an appropriate Revolving Note has been previously delivered), together with such other documents and papers as are required under this Agreement, which materials shall be delivered to the address set forth on the Information Schedule (or to such other place or in such other manner as Prudential may by written notice to the Company designate from time to time). Upon receipt of such Revolving Note (if required), the notice provided for hereinabove, an Officer's Certificate as provided for in paragraph 3B and such other documentation as may be required, in form and substance satisfactory to Prudential, Prudential shall make the proceeds of such Revolving Loan available to the Company on the date of the proposed Revolving Loan designated in said notice by wire transfer for credit to the Company's account #6355002280 at Norwest Bank Minnesota, National Association, Norwest Center, 6th and Marquette, Xxxxxxxxxxx, Xxxxxxxxx 00000-0000, ABA #000-000-000, or to such other account or place as the Company may hereafter designate by written notice to Prudential.
Sample 1
MANNER OF BORROWINGS. The Revolving Loan made on each Funding Date shall be $100,000 except for the Initial Funding Date which shall be $177,500 and shall be made on a business day in integrals of $1,000 and shall be on notice, given no later than 11:00 a.m. (Eastern time) on the business day before the date on which the proposed Revolving Loan is to be made, by the Company to you. Each such notice may be by telecopier or e-mail, which shall be confirmed by telephone, specifying the amount of the proposed Revolving Loan and the requested date thereof and the account of the Company to which the proceeds of such Revolving Loan shall be credited. On each Funding Date, upon receipt of notice as herein provided, and upon satisfaction of the conditions set forth in Section 3F and the other conditions in this Agreement, you shall make available to the Company in immediately available funds (provided that the conditions have been satisfied at or before the close of business on the preceding day), the proceeds of such Revolving Loan.
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MANNER OF BORROWINGS 
Sample 1

Related to MANNER OF BORROWINGS

  • Manner of Borrowing (a) Request for Borrowing. Each request by Company to Agent for a Borrowing under Section 2.01 (a "Request for Borrowing") shall be in writing or by telephonic notice and specify the aggregate amount of such requested Borrowing, the requested date of such Borrowing, and, when the Request for Borrowing specifies a LIBOR Borrowing, the Interest Period which shall be applicable thereto; provided, however, that the aggregate number of unpaid LIBOR Borrowings shall not exceed eight (8) at any time. Company shall furnish to Agent the Request for Borrowing as set forth in Section 2.02(c). Any written Request for Borrowing shall: (i) in the case of a Base Rate Borrowing, be in the form attached hereto a Exhibit "D ," and (ii) in the case of a LIBOR Borrowing, be in the form attached hereto as Exhibit "E." If such Request for Borrowing is by telephonic notice, said telephonic notice shall be confirmed in writing promptly after such telephonic notice pursuant to a Confirmation of Request for Borrowing (i) substantially in the form attached hereto as Exhibit "F" in the case of a Base Rate Borrowing and (ii) substantially in the form attached hereto as Exhibit "G" in the case of a LIBOR Borrowing. A Request for Borrowing and a Confirmation of Request for Borrowing may be provided by facsimile transmission; however, Bank must be in receipt of one or the other prior to funding the Advance. Each Base Rate Borrowing shall be in an aggregate principal amount of one hundred thousand dollars ($100,000.00) or any integral multiple of one hundred thousand dollars ($100,000.00). Each LIBOR Borrowing shall be in an amount of one million dollars ($1,000,000.00) or any higher integral multiple of $1,000,000.00. Each Request for Borrowing shall be irrevocable and binding on Company and, in respect of the Borrowing specified in such Request for Borrowing, Company shall indemnify each Bank against any cost, loss or expense incurred by such Bank as a result of any failure to fulfill, on or before the date specified for such Borrowing, the conditions to such Advance set forth herein, including without limitation, any cost, loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by Bank to fund the Advance to be made by Bank as part of such Borrowing when such Advance, as a result of such failure, is not made on such date. After receiving a Request for Borrowing in the manner provided herein, Agent shall promptly notify each Bank by telephone (confirmed immediately by telex or cable), telex or cable of the amount of the Borrowing and such Bank's pro rata share of such Borrowing, the date on which the Borrowing is to be made, the interest option selected and, if applicable, the Interest Period selected.

  • Manner of Borrowing and Funding Revolver Loans Borrowings under the Commitments established pursuant to Section 1.1 hereof shall be made and funded as follows:

  • Notice and Manner of Borrowing (a) Whenever the Borrowing Company desires to borrow money hereunder, it shall give the RTO prior written or facsimile request (or verbal request promptly confirmed in writing or by facsimile) of such borrowing or reborrowing (a "Request for Borrowing"). Such Request for Borrowing shall be given by an Authorized Person, to the RTO prior to 10:00 a.m. (Wilmington, Delaware time). Any Request for Borrowing received after 10:00 a.m. shall be deemed received on the next Business Day.

  • Manner of Borrowing and Payment (a) Each borrowing of Revolving Advances shall be advanced according to the applicable Commitment Percentages of Lenders.

  • Manner of Borrowing Loans and Designating Applicable Interest Rates Notice to the Administrative Agent 9

  • Types of Borrowings The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Company pursuant to Article 2 on a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans).

  • Repayment of Borrowings repay the principal of, or pay interest on or any other sum in connection with any of its Borrowed Money except for Borrowed Money pursuant to the Security Documents;

  • Notice of Borrowings In order to request a Borrowing, a Borrower shall give written or telecopy notice (or telephone notice promptly confirmed in writing or by telecopy) (a) in the case of an ABR Borrowing, to the Administrative Agent not later than 12:00 noon, New York City time, on the Business Day of such proposed Borrowing, (b) in the case of a Eurodollar Borrowing, to the Administrative Agent not later than 10:00 a.m., New York City time, three Business Days before such proposed Borrowing. Such notice shall be irrevocable and shall in each case refer to this Agreement, identify the applicable Borrower and specify (i) whether such Borrowing is to be a Eurodollar Borrowing or an ABR Borrowing; (ii) the date of such Borrowing (which shall be a Business Day) and the amount thereof; and (iii) if such Borrowing is to be a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower giving the notice of Borrowing shall be deemed to have selected an Interest Period of one month's duration. If a Borrower shall not have given notice in accordance with this Section 2.03 of its election to refinance a Borrowing prior to the end of the Interest Period in effect for such Borrowing, then the Borrower shall (unless such Borrowing is repaid at the end of such Interest Period) be deemed to have given notice of an election to refinance such Borrowing with an ABR Borrowing. The Administrative Agent shall promptly advise the Lenders of any notice given pursuant to this Section 2.03 and of each Lender's portion of the requested Borrowing.

  • Manner of Borrowing and Disbursement (a) In the case of Base Rate Advances, the Borrower, through an Authorized Signatory, shall give the Administrative Lender prior to 11:00 a.m., Dallas, Texas time, on the date of any proposed Base Rate Advance irrevocable written notice, or irrevocable telephonic notice followed immediately by written notice, in substantially the form of Exhibit H hereto (a "Notice of Borrowing") (provided, however, that the Borrower's failure to confirm any telephonic notice in writing shall not invalidate any notice so given), of its intention to borrow a Base Rate Advance hereunder. Such notice of borrowing shall specify the requested funding date, which shall be a Business Day, and the amount of the proposed aggregate Base Rate Advances to be made by Lenders.

  • Funding of Borrowings (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request.

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