Common use of Method of Selecting Types and Interest Periods for New Advances Clause in Contracts

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Borrowing Notice.

Appears in 6 contracts

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.), Credit Agreement (Roadrunner Transportation Systems, Inc.)

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Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis noon, New York City time) , on the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying. Each such notice shall specify: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 p.m. (Minneapolis 1:00 p.m., New York City time) , on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII13. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to in an account designated in writing by the Borrowing NoticeBorrower. Borrower shall not have more than 8 Eurodollar Loans outstanding at one time.

Appears in 5 contracts

Samples: Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc), Credit Agreement (Moneygram International Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a "Borrowing Notice") not later than 12:00 1:30 p.m. (Minneapolis New York time) on the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . The Agent will promptly send each Borrowing Notice to the Lenders. Not later than 2:00 3:30 p.m. (Minneapolis New York time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available in New York to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to at the Agent's aforesaid address or as otherwise provided in such Borrowing Notice.

Appears in 2 contracts

Samples: Credit Agreement (Pinnacle West Capital Corp), Credit Agreement (Pinnacle West Capital Corp)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C C-1 (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Roadrunner Transportation Systems, Inc.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, and the Interest Period applicable thereto from time to timetherefor. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C D (a “Borrowing Borrowing/Conversion/Continuation Notice”) not later than 12:00 p.m. (1) 11:00 a.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan), and (2) and three (3) Business Days before the Borrowing Date for each Eurocurrency Term SOFR Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency a Term SOFR Advance, the Interest Period applicable thereto; therefor. Not later than 2:00 1:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower pursuant to on the Borrowing NoticeDate at the Administrative Agent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (C. H. Robinson Worldwide, Inc.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 1:00 p.m. (Minneapolis Chicago time) on at least one Business Day before the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying:: Table of Contents (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 p.m. noon (Minneapolis Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to at the Borrowing NoticeAdministrative Agent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

Method of Selecting Types and Interest Periods for New Advances. The Borrower Borrowers’ Agent shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower Borrowers’ Agent shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three two Business Days before the Borrowing Date for each Eurocurrency Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower Borrowers pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Dolan Co.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. No Interest Period may end after the Facility Termination Date. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) ), substantially in the form of Exhibit I, not later than 12:00 p.m. noon (Minneapolis New York, New York time) on the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three (3) Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (a) 2.8.1 the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (b) 2.8.2 the aggregate amount of such Advance,; (c) 2.8.3 the Type of Advance selected, ; and (d) 2.8.4 in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 p.m. (Minneapolis New York, New York time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available in New York to the Administrative Agent at its address specified pursuant to Article XIIIARTICLE IX. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower pursuant to at the Borrowing NoticeAgent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Wendy's/Arby's Group, Inc.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the applicable Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Hawkins Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Term SOFR Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Term SOFR Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Term SOFR Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the applicable Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Hawkins Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type and Class of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C D-1 (a “Borrowing Notice”) not later than 12:00 p.m. 11:00 a.m. (Minneapolis Chicago time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan), and two (2) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type and Class of Advance selected, and (d) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 1:00 p.m. (Minneapolis Chicago time) on each Borrowing Date, each applicable Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the applicable Lenders available to the Borrower pursuant to at the Borrowing NoticeAdministrative Agent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Extra Space Storage Inc.)

Method of Selecting Types and Interest Periods for New Advances. The applicable Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period and Agreed Currency applicable thereto from time to time; provided that there shall be no more than eight (8) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Lender in its sole discretion. The applicable Borrower shall give the Administrative Agent Lender irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. 10:00 a.m. (Minneapolis Chicago time) on the Borrowing Date of each Base Floating Rate Advance Advance, three (other than a Swing Line Loan3) and three Business Days before the Borrowing Date for each Eurocurrency AdvanceAdvance denominated in Dollars, and four (4) Business Days before the Borrowing Date for each Eurocurrency Advance denominated in an Agreed Currency other than Dollars, specifying: (a) 2.9.1.1 the Borrowing Date, which shall be a Business Day, of such Advance, (b) 2.9.1.2 the aggregate amount of such Advance, (c) 2.9.1.3 the Type of Advance selected, and (d) 2.9.1.4 in the case of each Eurocurrency Advance, the Interest Period and Agreed Currency applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Revolving Credit Agreement (Johnson Outdoors Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a "Borrowing Notice") not later than 12:00 1:00 p.m. (Minneapolis Chicago time) on at least one Business Day before the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 p.m. noon (Minneapolis Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to in an account designated in writing by the Borrowing NoticeBorrower.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

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Method of Selecting Types and Interest Periods for New Advances. (a) The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C C-1 (a “Borrowing Notice”) not later than 12:00 p.m. 10:00 a.m. (Minneapolis New York City time) on one Business Day prior to the Borrowing Date of each Base Rate Advance or three (other than a Swing Line Loan3) and three Business Days before the Borrowing Date for each Eurocurrency Advance, Advance specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; . (b) Not later than 2:00 p.m. 12:00 noon (Minneapolis New York City time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower pursuant to on the Borrowing NoticeDate at the Administrative Agent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Radian Group Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent Lender irrevocable telephonic or written notice in the form of attached hereto as Exhibit C F (a "Borrowing Notice") not later than 12:00 p.m. 10:00 a.m. (Minneapolis Indianapolis time) on the proposed Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, , (bii) the aggregate amount of such Advance, , (ciii) the Type of Advance selected, and and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent Lender will make the funds so received from the Lenders applicable Advance available to the Borrower pursuant by deposit to the account of the Borrower with the Lender by the end of the Borrowing NoticeDate.

Appears in 1 contract

Samples: Credit Agreement (Kimball International Inc)

Method of Selecting Types and Interest Periods for New Advances. The Each Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period (if applicable) and the Agreed Currency applicable thereto from time to time. The Each Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of Exhibit C B attached hereto, (a “Borrowing Notice”) (i) not later than 12:00 p.m. 10:00 a.m. (Minneapolis London time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and at least three Business Days before the Borrowing Date for each in the case of Eurocurrency AdvanceAdvances requested from the Administrative Agent, (ii) not later than 12:00 noon (Chicago time) at least three Business Days before the Borrowing Date in the case of SIBOR Advances requested from the Administrative Agent and (vi) not later than 10:00 a.m. (Chicago time) on the Borrowing Date in the case of Floating Rate Advances requested from the Adminstrative Agent, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, Advance; and (div) in the case of each Eurocurrency Advance, the Interest Period and Agreed Currency applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Revolving Credit Agreement (Richardson Electronics LTD/De)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Advance, the Interest Period applicable thereto from time to timetime and shall designate the Borrower on whose behalf such Advance is requested. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. (Minneapolis time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Advance, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, (b) the aggregate amount of such Advance, (c) the Type of Advance selected, and (d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto; Not later than 2:00 p.m. (Minneapolis time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the applicable Borrower pursuant to the Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Hawkins Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. 11:00 a.m. (Minneapolis Mountain time) on the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three two (2) Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 1:00 p.m. (Minneapolis Mountain time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to at the Borrowing NoticeAdministrative Agent’s aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Intrepid Potash, Inc.)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit C (a "Borrowing Notice") not later than 12:00 p.m. noon (Minneapolis Detroit time) on at least one Business Day before the Borrowing Date of each Base Floating Rate Advance (other than a Swing Line Loan) and three Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of Advance selected, and (div) in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto; . Not later than 2:00 p.m. 1:00 pm (Minneapolis Detroit time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in funds immediately available in Detroit to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to at the Borrowing NoticeAgent's aforesaid address.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Standard Electronics Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of whether any Advance shall be a Base Rate Advance or a Eurodollar Advance, and, in the case of each Eurocurrency Eurodollar Advance, the Interest Period applicable thereto to each such Eurodollar Advance from time to time. The Borrower shall give the Administrative Agent Lender irrevocable notice in the form of Exhibit C (a “Borrowing Notice”) not later than 12:00 p.m. 11:00 a.m. (Minneapolis Atlanta time) on of the Borrowing Date of each Base Rate Advance (other than a Swing Line Loan) and three two Business Days before the Borrowing Date for each Eurocurrency Eurodollar Advance, specifying: (ai) the Borrowing Date, which shall be a Business Day, of such Advance, (bii) the aggregate amount of such Advance, (ciii) the Type of whether such Advance selectedshall be a Base Rate Advance or a Eurodollar Advance, and (div) in the case of each Eurocurrency a Eurodollar Advance, the Interest Period applicable thereto; Not . The Lender will make the proceeds of each Advance available to the Borrower not later than 2:00 p.m. (Minneapolis Atlanta time) on each Borrowing Date, each Lender shall make available its Loan or Loans in funds immediately available such date at any account of the Borrower so designated to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will make the funds so received from the Lenders available to the Borrower pursuant to the Lender in such Borrowing Notice.

Appears in 1 contract

Samples: Credit Agreement (Global Payments Inc)

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