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 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 telephone the Agent with the information described below as well as submit a written Notice of Borrowing in the form of Exhibit 2.1(b) 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) certification that the Borrower has complied in all respects with Section 5.2. All Revolving Loans made on the Effective Date shall be Base Rate Loans. Thereafter, all or any portion of such Revolving Loans may be converted into Eurodollar Loans in accordance with the terms of Section 2.3.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on 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 Loans, the Borrower shall telephone the Administrative Agent with the information described below as well as submit a written Notice of Borrowing in the form of Exhibit 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 Rate, (C) with respect to Revolving 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. All Revolving Loans made on the Effective Date shall be Base Rate Loans. Thereafter, all or any portion of such Revolving Loans may be converted into Eurodollar Loans in accordance with the terms of Section 2.32.5.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

Method of Borrowing for Revolving Loans. By no later than 11:00 --------------------------------------- a.m. (i) on 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 Loans, the Borrower shall telephone the Agent with the information described below as well as submit a written Notice of Borrowing in the form of Exhibit 2.1(b) 2.1 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 Rate, (C) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D) certification that the Borrower has complied in all respects with Section 5.24.2. All Revolving Loans made on the Effective Date shall be Base Rate Loans. Thereafter, all or any portion of such the Revolving Loans may be converted into Eurodollar Loans in accordance with the terms of Section 2.3.2.5;

Appears in 1 contract

Samples: Credit Agreement (Knoll Inc)

Method of Borrowing for Revolving Loans. By no later than 11:00 a.m. (i) on 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 Loans, the Borrower shall telephone the Administrative Agent with the information described below as well as submit a written Notice of Borrowing in the form of Exhibit EXHIBIT 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 Rate, (C) with respect to Revolving 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. All Revolving Loans made on the Effective Date shall be Base Rate Loans. Thereafter, all or any portion of such Revolving Loans may be converted into Eurodollar Loans in accordance with the terms of Section 2.32.4.

Appears in 1 contract

Samples: Credit Agreement (Maxim Group Inc /)

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Method of Borrowing for Revolving Loans. (i) By no later than --------------------------------------- 11:00 a.m. (iA) on the date of the requested borrowing of Revolving Loans that will be Base Rate Loans or (iiB) three Business Days prior to the date of the requested borrowing of Revolving Loans that will be Eurodollar Loans, the Borrower shall telephone the Agent with the information described below as well as submit a written Notice of Borrowing in the form of Exhibit 2.1(b) to the Agent setting forth (A1) the amount requested, (B2) -------------- whether such Revolving Loans shall accrue interest at the Adjusted Base Rate or the Adjusted Eurodollar Rate, (C3) with respect to Revolving Loans that will be Eurodollar Loans, the Interest Period applicable thereto and (D4) certification that the Borrower has complied in all respects with Section 5.2. All Revolving Loans made on the Effective Date shall be Base Rate Loans. Thereafter, all or any portion of such Revolving Loans may be converted into Eurodollar Loans in accordance with the terms of Section 2.32.5.

Appears in 1 contract

Samples: Security Agreement (Packaging Dynamics Corp)

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