Common use of Method of Borrowing for Revolving Loans Clause in Contracts

Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on the Business Day of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing) to the Agent setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) evidence that the Borrower has complied in all respects with Section 5.2.

Appears in 2 contracts

Samples: Credit Agreement (Chattem Inc), Credit Agreement (Chattem Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Covance Inc)

Method of Borrowing for Revolving Loans. By Except for the initial Revolving Loans to be made on the Closing Date, by no later than 11:00 a.m. (i) on the Business Day date of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing) to the Agent setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) evidence certification that the Borrower has complied in all respects with Section 5.2.;

Appears in 1 contract

Samples: Credit Agreement (Steel Heddle International Inc)

Method of Borrowing for Revolving Loans. By no later than 11:00 10:00 a.m. (i) on the one Business Day of prior to the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three two Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing2.1(b) to the Agent (which notice may be by telecopy with the original to follow) setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to how the proceeds from such Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto used and (D) evidence certification that the Borrower has complied in all respects with Section 5.2.5;

Appears in 1 contract

Samples: Credit Agreement (Highwoods Forsyth L P)

Method of Borrowing for Revolving Loans. By no later than 11:00 --------------------------------------- a.m. (i) on the Business Day of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing) to the ----------- Agent setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) evidence that the Borrower has complied in all respects with Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

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Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on the Business Day date of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Eurocurrency Loans, the Borrower shall telephone the Administrative Agent with the information set forth below as well as submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing2.1(b) to the Administrative Agent setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Eurocurrency Rate, (C) with respect to Revolving Loans that will be Eurodollar Eurocurrency Loans, the Interest Period applicable thereto and (D) evidence certification that the Borrower has complied in all respects with Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (Dispatch Management Services Corp)

Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on the Business Day date of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, Deltic or Del-Tin, as the Borrower case may be, shall submit a written Notice of Borrowing in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing) to the Agent setting forth (A) the amount requested, (B) whether ----------- such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) evidence certification that the Borrower has conditions set forth in Section 5.2 have been complied in all respects with Section 5.2.with;

Appears in 1 contract

Samples: Credit Agreement (Deltic Timber Corp)

Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on the Business Day of the requested borrowing of Revolving Loans that will be Base Rate Loans or (ii) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall submit a written Notice of Borrowing from a Responsible Officer of the Borrower in the form of Exhibit 2.1 (or telephone notice promptly confirmed in writing) to the Agent setting forth (A) the amount requested, (B) whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) evidence that the Borrower has complied in all respects with Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (Chattem Canada Holdings Inc)

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