Common use of Method of Borrowing for Loans Clause in Contracts

Method of Borrowing for Loans. By no later than 11:00 a.m. (a) on the date of the requested borrowing of Loans that will be Base Rate Loans or (b) three Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrowers shall submit a written Notice of Borrowing in the form of Exhibit 2.3 to the Agent setting forth (i) the amount requested, (ii) whether such Loans shall accrue interest at the Base Rate or the Adjusted Eurodollar Rate, (iii) with respect to Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (iv) certification that the Borrowers have complied in all respects with Section 5.2.

Appears in 4 contracts

Samples: 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC), 364 Day Credit Agreement (Duke Energy Field Services LLC)

AutoNDA by SimpleDocs

Method of Borrowing for Loans. By no later than 11:00 10:00 a.m. (a) on the date of the requested borrowing Borrowing of Loans that will be Base Rate Loans or and (b) three Business Days prior to the date of the requested borrowing Borrowing of Loans that will be Eurodollar Loans, the Borrowers Borrower shall telephone the Administrative Agent as well as submit a written Notice of Borrowing in the form of Exhibit 2.3 2.02 to the Administrative Agent setting forth (i) the amount requested, (ii) whether such Loans shall accrue interest at the Base Rate or date of the Adjusted Eurodollar Raterequested Borrowing, (iii) the Type of Loan, (iv) with respect to Loans that will be Eurodollar Loans, the Interest Period applicable thereto thereto, and (ivv) certification that the Borrowers have Borrower has complied in all respects with Section 5.25.

Appears in 2 contracts

Samples: Credit Agreement (Baker Hughes Inc), Credit Agreement (Baker Hughes Inc)

Method of Borrowing for Loans. By no later than 11:00 a.m. (ai) on the date of the requested borrowing of Loans that will be Base Rate Loans or (bii) three Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrowers Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.3 2.1 to the Agent setting forth (iA) the amount requested, (iiB) whether such Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (iiiC) with respect to Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (ivD) certification that the Borrowers have Borrower has complied in all respects with Section 5.2.;

Appears in 1 contract

Samples: Credit Agreement (Anchor Holdings Inc)

AutoNDA by SimpleDocs

Method of Borrowing for Loans. By no later than 11:00 a.m. noon (Charlotte, North Carolina time) (a) on the date of the requested borrowing of Loans that will be Base Rate Loans or (b) three two Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrowers Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.3 2.2 to the Agent setting forth (i) the amount requested, (ii) whether such Loans shall accrue interest at the Base Rate or the Adjusted Eurodollar Rate, (iii) with respect to Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (iv) certification that the Borrowers have Borrower has complied in all respects with Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (WPS Resources Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!