Method of Advancing. (i) Each Borrowing shall be made pursuant to a Borrowing Request given by the Borrower to the Agent in writing or by telecopy not later than the time required pursuant to Section 2.4(a)(i) to select the interest rate basis for the Borrowing. Each Borrowing Request shall
(ii) Unless the Agent shall have received notice from a Bank before the date of any Borrowing that such Bank shall not make available to the Agent such Bank's ratable share of such Borrowing, the Agent may assume that such Bank has made its ratable share of such Borrowing available to the Agent on the date of such Borrowing in accordance with paragraph (i) above and the Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Bank shall not have so made its ratable share of such Borrowing available to the Agent, such Bank agrees that it shall pay interest on such amount for each day from the date such amount is made available to the Borrower by the Agent until the date such amount is paid to the Agent by such Bank at the Federal Funds Rate in effect from time to time, provided that with respect to such Bank if such amount is not paid by such Bank by the end of the second day after the Agent makes such amount available to the Borrower, the interest rates specified above shall be increased by a per annum amount equal to 2.00% on the third day and shall remain at such increased rate thereafter. Interest on such amount shall be due and payable by such Bank upon demand by the Agent. If such Bank shall pay to the Agent such amount and interest as provided above, such amount so paid shall constitute such Bank's Advance as part of such Borrowing for all purposes of this Agreement even though not made on the same day as the other Advances comprising such Borrowing. In the event that such Bank has not repaid such amount by the end of the fifth day after such amount was made available to the Borrower, the Borrower agrees to repay to the Agent on demand such amount, together with interest on such amount for each day from the date such amount was made available to the Borrower until the date such amount is repaid to the Agent at the interest rate charged to the Borrower for such Borrowing under the terms of this Agreement.
(iii) The failure of any Bank to make available its ratable share of any Borrowing shall not relieve any other Bank of its obligation, if any, to make available its ratable share of such Borrowing. ...
Method of Advancing. Each Revolving Credit Borrowing shall be made pursuant to a Borrowing Request given by the Borrower to the Agent in writing or by telecopy not later than the time required pursuant to Section 2.5(a) to select the interest rate basis for the Revolving Credit Borrowing. Each Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the Borrower.
Method of Advancing. (i) Each Revolving Loan Borrowing shall be made pursuant to a Revolving Loan Borrowing Request given by the Borrower to the Administrative Agent in writing or by telecopy not later than the time required pursuant to Section 2.6(a)(i) to select the interest rate basis for the Revolving Loan Borrowing. Each Revolving Loan Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the Borrower. Upon receipt of the Revolving Loan Borrowing Request by the Administrative Agent, the Administrative Agent shall promptly forward notice of the Revolving Loan Borrowing to the Banks. Each Bank shall, before 1:00 p.m. (local time at the Applicable Lending Office of the Administrative Agent) on the date of the requested Revolving Loan Borrowing, make available from its Applicable Lending Office to the Administrative Agent at the Administrative Agent's Applicable Lending Office, in immediately available funds, such Bank's ratable share of such Revolving Loan Borrowing. Subject to the satisfaction of all applicable conditions precedent, after receipt by the Administrative Agent of such funds, the Administrative Agent shall, by 4:00 p.m. (local time at the Applicable Lending Office of the
Method of Advancing. (a NOTICE. Each Borrowing shall be made pursuant to a Notice of Borrowing (or by telephone notice promptly confirmed in writing by a Notice of Borrowing), given not later than (i) 10:00 a.m. (Houston, Texas time) on the third Business Day before the date of the proposed Borrowing, in the case of a Eurodollar Rate Advance or (ii) 9:00 a.m. (Houston, Texas time) on the Business Day of the date of the proposed Borrowing, in the case of a Base Rate Advance, by the Borrower to the Administrative Agent, and, in the case of a Base Rate Advance, with a simultaneous provision of such notice to Provident, and the Administrative Agent shall give to each Lender prompt notice of such proposed Borrowing by telecopy or telex. In order to be an effective Notice of Borrowing, each Notice of a Borrowing shall be by telecopy or telex, followed immediately by delivery of the original executed Notice of Borrowing, specifying the requested (i) date of such Borrowing, (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) if such Borrowing is to be comprised of Eurodollar Rate Advances, the Interest Period for each such Advance. In the case of a proposed Borrowing comprised of Eurodollar Rate Advances, the Administrative Agent shall promptly notify each Lender of the applicable interest rate under Section 2.07(b). Each Lender shall, before 12:00 p.m. (Houston, Texas time) on the date of such Borrowing, in the case of a Eurodollar Rate Advance or before 2:00 p.m. (Houston, Texas time) on the date of such Borrowing, in the case of a Base Rate Advance, make available for the account of its Applicable Lending Office to the Administrative Agent at its address referred to in Section 9.02, or such other location as the Administrative Agent may specify by notice to the Lenders, in same day funds, such Lender's Pro Rata Share of such Borrowing. After the Administrative Agent's receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will make such funds available to the Borrower at its account with the Administrative Agent.
Method of Advancing. (i) The Borrower may request a Competitive Borrowing by delivering to the Administrative Agent a Competitive Bid Request (A) in the case of a Competitive Borrowing consisting of Eurodollar Auction Advances not later than 11:00 a.m. (Dallas, Texas time) four Business Days before the proposed date of such Borrowing and (B) in the case of a Competitive Borrowing consisting of Fixed Rate Auction Advances, not later than 10:00 a.m. (Dallas, Texas time) one Business Day before the proposed day of such Borrowing. Without the prior approval of the Administrative Agent, no Competitive Borrowing may be requested within five Business Days after the delivery of any other Competitive Bid Request and no more than three Competitive Bid Requests may be delivered in any calendar month. A Competitive Bid Request that does not conform substantially to the form of Exhibit G-1 may be rejected by the Administrative Agent and the Administrative Agent shall promptly notify the Borrower of such rejection. Each Competitive Bid Request shall specify (1) whether the Borrowing being requested is to consist of Eurodollar Auction Advances or Fixed Rate Auction Advances; (2) the date of such Borrowing (which shall be a Business Day); (3) the aggregate principal amount of such Borrowing, which shall be a minimum of $5,000,000.00 and in integral multiples of $1,000,000.00; and (4) the Interest Period with respect thereto. Promptly after its receipt of a Competitive Bid Request that is not rejected, the Administrative Agent shall by telecopy in the form set forth in Exhibit G-2 invite the Banks to bid to make Competitive Advances pursuant to the Competitive Bid Request.
(ii) Each Bank may, in its sole discretion, make one or more Competitive Bids to the Borrower as part of such proposed Competitive Borrowing. Each Competitive Bid by a Bank must be received by the Administrative Agent by telecopy in the form of Exhibit G-
(iii) The Administrative Agent shall promptly notify the Borrower by telecopy of the Competitive Bid Rate and the principal amount of each Competitive Bid in respect of which a Competitive Bid shall have been made and the identity of the Bank that shall have made each bid.
(iv) The Borrower shall before 10:00 a.m. (Dallas, Texas time) at least three Business Days prior to the date of the proposed Competitive Borrowing, with respect to Competitive Borrowings to be comprised of Eurodollar Auction Advances, and on the Business Day of the proposed Competitive Borrowing to be co...
Method of Advancing. 16 Section 2.03 Swing Line Facility..................................... 19 Section 2.04 Fees.................................................... 20 Section 2.05 Reduction of the Commitments............................ 21 Section 2.06 Repayment............................................... 21 Section 2.07 Interest................................................ 21 Section 2.08 Prepayments............................................. 23 Section 2.09 Breakage Costs.......................................... 24 Section 2.10
Method of Advancing. (i) Each Revolving Loan Borrowing shall be made pursuant to a Revolving Loan Borrowing Request given by the applicable Borrower to the Administrative Agent in writing or by telecopy not later than the time required pursuant to Section 2.5(a)(i) to select the interest rate basis for the Revolving Loan Borrowing. Each Revolving Loan Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the applicable Borrower. Upon receipt of the Revolving Loan Borrowing Request by the Administrative Agent, the Administrative Agent shall promptly forward notice of the Revolving Loan Borrowing to the Banks. Each Bank shall, before 1:00 p.m. on the date of the requested Revolving Loan Borrowing, make available from its Applicable Lending Office to the Administrative Agent at the Administrative Agent’s Applicable Lending Office, in immediately available funds, such Bank’s ratable share of such Revolving Loan
Method of Advancing. (i) The Term Loan Borrowing shall be made pursuant to a Term Loan Borrowing Request given by the Borrower to the Administrative Agent in writing or by telecopy not later than 11:00 a.m. (local time at the Applicable Lending Office of the Administrative Agent) on the anticipated Closing Date. The Term Loan Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the Borrower. Upon receipt of the Term Loan Borrowing Request by the Administrative Agent, the Administrative Agent shall promptly forward notice of the Term Loan Borrowing to the Banks. Each Bank shall, before 1:00 p.m. (local time at the Applicable Lending Office of the Administrative
Method of Advancing. Each Loan A Borrowing shall be made pursuant to a Loan A Borrowing Request given by the Borrower to the Agent in writing or by telecopy not later than the time required pursuant to Section 2.7(a) to select the interest rate basis for the Loan A Borrowing. Each Loan A Borrowing Request shall be fully completed and shall specify the information required therein, and shall be irrevocable and binding on the Borrower.
Method of Advancing. The Loan B Borrowing shall be made pursuant to the Loan B Borrowing Request given by the Borrower to the Agent in writing or by telecopy not later than the time required pursuant to Section 2.7(a) to select the interest rate basis for the Loan B
