Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: (1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) of each such notice not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share of such Loans. After the Agent’s receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Beazer Homes Usa Inc)
Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any the Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: :
(1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such LoansClosing Date, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share of such LoansBank's Loans in the amount set forth in the Loan Schedule. After the Agent’s 's receipt of such funds, on the date of such Loans Closing Date and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such the Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: (1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice (including any notice provided for in Section 2.20(d)) not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share Bank's pro rata share of such Loans. After the Agent’s 's receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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Samples: Annual Report
Notice and Manner of Borrowing. The (i) Borrower shall give the Agent notice of any Loans under this Agreementwritten, telephonic or facsimile notice, prior to 12:00 noon, Chicago, Illinois time, on the Business Day date of borrowing for each ABR Loan, specifying the amount, the date, and the type (Floating Rate or Fixed Rate) of the Loan, and at least three with respect to Fixed Rate Loans, the Interest Period requested therefor.
(3ii) Business Days before Agent shall promptly notify each LIBOR Bank upon receipt of Loan Request from Borrower specifying the portion of such Loan to be funded by each Bank, the interest rate, the Interest Period and the date of borrowing. Subject to each Bank's approval of the Interest Period and Fixed Rate, in the case of each Fixed Rate, each Loan or renewal thereof shall be made on a Pro Rata basis by Banks and each Bank's portion of each Loan shall be determined by application of (i) the percentage each Bank's Commitment comprises of the Aggregate Commitment to (ii) the total amount of the Loan. Provided that each Bank is given the notice required in this Section 2.1(B)(iii) by 12:00 p.m. (Noon) Chicago, specifying: (1) Illinois time, each Bank agrees that it will make the funds which it is to advance hereunder available to Agent not later than 2:00 p.m. Chicago, Illinois time on the date such Loan is to be made. Agent will thereupon advance to Borrower the amount so received from Banks unless Agent shall determine that any condition precedent applicable to the Loan shall not be fulfilled as of the date of such Loan; (2) . Subject to the amount provisions of Article III hereof, the proceeds of each Loan shall be made available to the Borrower at the principal office of the Agent in Chicago, Illinois in immediately available funds upon receipt by Agent from each Bank of its share of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given (including requests for Loans) sent by the Borrower under this to Agent and received by Agent after 12:00 p.m. (Noon) Chicago, Illinois time (or such other time as is specified in any Section 2.03 hereof) on a Business Day shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) of each such notice not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if deemed received on the next succeeding Business Day.
(iii) Absent contrary notice from Borrower by 12:00 noon, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Chicago, Illinois time, one Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) will make available Day prior to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share of such Loans. After the Agent’s receipt of such funds, on the date of such Loans and upon fulfillment last day of the applicable conditions set forth in Article IIIInterest Period for each Fixed Rate Loan, the Borrower shall, at Agent's option, be deemed to have given Agent will make notice at such Loans available time pursuant to Section 2.1(B) hereof to the effect that Borrower requests that the Banks make the Loan to Borrower on such date at the Floating Rate in immediately available funds by crediting the an aggregate principal amount thereof equal to the Borrower’s account with aggregate principal amount of the Agent. The provisions of this Section 2.03 shall not apply to Swing Line LoansLoan becoming due and payable on such date.
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Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: :
(1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. Each such notice shall be accompanied by a Borrowing Base Certificate dated as at the date of such notice. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 9:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice (including any notice provided for in Section 2.20(d)) not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 9:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 9:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share Bank's PRO RATA share of such Loans. After the Agent’s 's receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: :
(1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice (including any notice provided for in Section 2.20(d)) not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share Bank's PRO RATA share of such Loans. After the Agent’s 's receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
Appears in 1 contract
Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: (1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Bank's Ratable Share of such Loans. After the Agent’s 's receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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Notice and Manner of Borrowing. The Borrower shall give the Agent notice of any Loans under this Agreement, on the Business Day of each ABR Loan, and at least three (3) Business Days before each LIBOR Loan, specifying: :
(1) the date of such Loan; (2) the amount of such Loan; (3) the type of Loan (whether an ABR Loan or a LIBOR Loan); and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. All notices given by the Borrower under this Section 2.03 shall be irrevocable and shall be given not later than 10:00 A.M. Chicago time on the day specified above for such notice. The Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of each such notice (including any notice provided for in Section 2.20(d)) not later than 11:00 A.M. Chicago time on the date it receives such notice from the Borrower if such notice is received by the Agent at or before 10:00 A.M. Chicago time. In the event such notice from the Borrower is received after 10:00 A.M. Chicago time, it shall be treated as if received on the next succeeding Business Day, and the Agent shall notify each Revolving Credit Lender or Term Loan Lender (as applicable) Bank of such notice as soon as practicable but not later than 11:00 A.M. Chicago time on the next succeeding Business Day. Not later than 1:00 P.M. Chicago time on the date of such Loans, each Revolving Credit Lender or Term Loan Lender (as applicable) Bank will make available to the Agent in immediately available funds, such Lender’s Applicable Pro Rata Share Bank's pro rata share of such Loans. After the Agent’s 's receipt of such funds, on the date of such Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Loans available to the Borrower in immediately available funds by crediting the amount thereof to the Borrower’s 's account with the Agent. The provisions of this Section 2.03 shall not apply to Swing Line Loans.
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