Common use of Method of Borrowing for Loans Clause in Contracts

Method of Borrowing for Loans. By no later than 11:00 a.m. (i) on the date of the requested borrowing of Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrower shall provide telephonic notice to the Administrative Agent, followed promptly by a written Notice of Borrowing in the form of Exhibit 2.1(b) (which may be submitted by telecopy), each of such telephonic notice and such written Notice of Borrowing setting forth (A) the amount requested, (B) whether such Loans shall accrue interest at the Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) certification that the Borrower has complied in all respects with Section 5.2.

Appears in 3 contracts

Samples: Day Revolving Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn)

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Method of Borrowing for Loans. By no later than 11:00 a.m. (ia) on the date of the requested borrowing of Loans that will be Base Rate Loans or (iib) three Business Days prior to the date of the requested borrowing of Loans that will be Eurodollar Loans, the Borrower shall provide telephonic notice to telephone the Administrative Agent, followed promptly by Agent as well as submit a written Notice of Borrowing in the form of Exhibit 2.1(b) (which may be submitted by telecopy), each of such telephonic notice and such written Notice of Borrowing 2.2 to the Administrative Agent setting forth (Ai) whether the requested Loan shall be a Tranche A Term Loan or shall be the Tranche B Term Loan, (ii) the amount requested, (Biii) whether such Loans Loan shall accrue interest at the Base Rate or the Adjusted Eurodollar Rate, (Civ) with respect to Loans a Loan that will be a Eurodollar LoansLoan, the Interest Period applicable thereto and (Dv) certification that the Borrower has complied in all respects with Section 5.2.

Appears in 1 contract

Samples: Term Credit Agreement (Atmos Energy Corp)

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