Common use of Notice and Manner of Borrowing Clause in Contracts

Notice and Manner of Borrowing. Borrower shall give Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D hereto (irrevocable and effective upon receipt) of any Revolving Credit Loan, such notice to indicate whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and in the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted to the Agent, to an account designated by the Agent, in immediately available funds, such Bank's Pro Rata Share of such Revolving Credit Loan. After the Agent's receipt of such funds, not later than 3:00 P.M. (New York time) on the date of a Revolving Credit Loan, and upon fulfillment of the applicable conditions set forth in Article VI, the Agent will make such Revolving Credit Loan available to Borrower in immediately available funds by crediting the amount thereof to the accounts as designated by Borrower to Agent.

Appears in 4 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

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Notice and Manner of Borrowing. Borrower shall give Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D hereto (irrevocable and effective upon receipt) of any Revolving Credit Loan, such notice to indicate indicate, in the case of a Revolving Credit Loan, whether such Revolving Credit Loan shall be a Prime Rate Loan or a Revolving Eurodollar Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and in selected, In the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted to the Agent, to an account designated by the Agent, in immediately available funds, such Bank's ’s Pro Rata Share of such Revolving Credit Loan. After the Agent's ’s receipt of such funds, not later than 3:00 P.M. (New York time) on the date of a Revolving Credit Loan, and upon fulfillment of the applicable conditions set forth in Article VI, the Agent will make such Revolving Credit Loan available to Borrower in immediately available funds by crediting the amount thereof to the accounts as designated by Borrower to Agent.

Appears in 3 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Notice and Manner of Borrowing. The Borrower shall give the Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D E hereto (irrevocable and effective upon receipt) of any Revolving Credit Loan, Loan by not later than 11:00 A.M. (New York time) on the date of such notice to indicate Revolving Credit Loan and whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Loan, Loan the Borrowing Notice shall be received not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and in the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loanselected. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted to the Agent, to an the account designated by the Agentset forth below, in immediately available funds, funds such Bank's Pro Rata Share of such Revolving Credit Loan. After the Agent's receipt of such funds, not later than 3:00 P.M. (New York time) on the date of a Revolving Credit Loan, and upon fulfillment of the applicable conditions set forth in Article VI, the Agent will make such Revolving Credit Loan available to the Borrower in immediately available funds by crediting the amount thereof to the accounts Borrower's account or the account of a Consolidated Subsidiary as designated by the Borrower to with the Agent.. Chase Account No. 323-0922 17 (Borrower) Chase Account No. 323-092179 (Hosiery Division of Designers) Chase Account No. 323-092 144 (Designers) Chase Account No. 323-092209 (Segue)

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Notice and Manner of Borrowing. Borrower shall give Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D hereto (irrevocable and effective upon receipt) of any Revolving Credit Loan, such notice to indicate indicate, in the case of a Revolving Credit Loan, whether such Revolving Credit Loan shall be a Prime Rate Loan or a Revolving Eurodollar Rate Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Rate Loan, the Borrowing Notice shall be received not later than three (3) Banking Days prior to such Eurodollar Rate Loan and shall specify the Interest Period selected and in selected, In the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted to the Agent, to an account designated by the Agent, in immediately available funds, such Bank's ’s Pro Rata Share of such Revolving Credit Loan. After the Agent's ’s receipt of such funds, not later than 3:00 P.M. (New York time) on the date of a Revolving Credit Loan, and upon fulfillment of the applicable conditions set forth in Article VI, the Agent will make such Revolving Credit Loan available to Borrower in immediately available funds by crediting the amount thereof to the accounts as designated by Borrower to Agent.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Notice and Manner of Borrowing. The Borrower shall give the Administrative Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D hereto (irrevocable and effective upon receipt) of any Revolving Credit Loans under this Agreement prior to 12:00 noon on the day of each Base Rate Loan, such notice to indicate whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar and at least three (3) Business Days before each LIBOR Loan. Each of the foregoing notices , specifying: (a "Borrowing Notice"1) must specify the date and of such Loan; (2) the amount of such Revolving Credit Loan to Loan; (3) the type of Loan; and (4) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto, which notice shall be in form and content as set forth on Exhibit C hereto (a “Borrowing Notice”). The Administrative Agent and the Agent will shall promptly notify each Bank of its receipt by the Agent of a Borrowing Notice and of the contents thereofNotice. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not Not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and in the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) 1:00 p.m. on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted make available to the Administrative Agent at the Administrative Agent, to an account designated by the Agent, ’s Principal Office in immediately available funds, such Bank's ’s Pro Rata Share of such Revolving Credit Loan. After the Administrative Agent's ’s receipt of such funds, not later than 3:00 P.M. (New York time) 1:00 p.m. on the date of a such Revolving Credit Loan, Loan and upon fulfillment of the applicable conditions set forth in Article VISection 3, the Administrative Agent will make such Revolving Credit Loan available to the Borrower in immediately available funds by crediting the amount thereof to the accounts as designated by Borrower to following account with the Administrative Agent: Account styled Xxxx, Inc. Operating Account, No. 209908769. All times shall be based on Central Time. All Borrowing Notices shall be irrevocable and shall be given not later than 12:00 noon on the day which is not less than the number of Business Days specified above for such Borrowing Notice.

Appears in 2 contracts

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

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Notice and Manner of Borrowing. The Borrower shall may give the Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D hereto (irrevocable and effective upon receipt) of any Revolving Credit Loans under this Agreement, on the day of borrowing as to each Prime Loan, such notice to indicate whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar and at least three (3) Business Days before each LIBOR Loan. Each of the foregoing notices , specifying: (a "Borrowing Notice"1) must specify the date and of such Loan; (2) the amount of such Revolving Credit Loan to Loan; (3) the type of Loan; (4) the purpose of such Loan; and (5) in the case of a LIBOR Loan, the duration of the Interest Period applicable thereto. The Agent and the Agent will shall promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereofeach such notice. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not Not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and 12:00 P.M. prevailing time in the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit LoanLoans, each Bank will cause to be transmitted make available to the AgentAgent at 0000 Xxxxxx xx xxx Xxxxxxxx, to an account designated by the AgentXxx Xxxx, in Xxx Xxxx 00000 immediately available funds, such Bank's Pro Rata Share pro rata share of such Revolving Credit LoanLoans. After the Agent's receipt of such funds, not later than 3:00 3:30 P.M. (New York time) on the date of a such Revolving Credit Loan, Loans and upon fulfillment of the applicable conditions set forth in Article VIIII, the Agent will make such Revolving Credit Loan Loans available to the Borrower in immediately available funds by crediting the amount thereof to the accounts as designated by Borrower's account with the Agent. The Borrower shall give the Agent notice of the Term Loan under this Agreement, at least twenty (20) Business Days before each such Term Loan if all or a portion of such Loan is a Prime Loan, and at least twenty (20) Business Days before each such Term Loan if all or a portion of such Loan is a LIBOR Loan, specifying: (1) the amount of the Loan; (2) the portion of such Term Loan that will be a Prime or LIBOR Loan; and (3) in the case all or a portion of such Term Loan is a LIBOR Loan, the duration of the Interest Period applicable thereto. The Agent shall promptly notify each Bank of such notice. Not later than 12:00 P.M. prevailing time in New York on the date of such Term Loans, each Bank will make available to the Agent at 1185 Avenue of the Americas, Xxx Xxxx, Xxx Xxxx 00000 in immediately available funds, such Bank's pro rata share of such Term Loans. After the Agent's receipt of such funds, not later than 3:30 P.M. prevailing time in New York on the date of the Term Loans and upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such Term Loans available to the Borrower and the proceeds of the Term Loans shall be applied to the extent required to the payment in full of the then outstanding Revolving Credit Loans of each Bank.

Appears in 1 contract

Samples: Term Loan Agreement (Carey International Inc)

Notice and Manner of Borrowing. (a) The Borrower shall give Agent telephonic notice, to be followed by written or telegraphic or facsimile notice a Borrowing Notice in substantially the form of Exhibit D hereto A (irrevocable and effective upon receiptor telephonic notice, promptly confirmed in writing) of any Revolving Credit Loan, such notice to indicate whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Administrative Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not later than three (3) Banking Days prior to such Eurodollar Loan and shall specify 11:00 a.m., New York, New York time (i) on the Interest Period selected and proposed Borrowing Date in the case of a Prime Base Rate Loan and (ii) at least three (3) U.S. Government Securities Business Days prior to the proposed Borrowing Date in the case of a Term SOFR Loan, specifying (A) the Borrowing Date (which shall be a Business Day), (B) whether the requested Borrowing is of a Base Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loan. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Term SOFR Loan, or any combination thereof as permitted under the terms of this Article 2, and the amount of each Bank will cause and (C) in the case of each Term SOFR Loan, the initial Interest Period applicable thereto. The Administrative Agent shall give written or telephonic notice (confirmed in writing) to be transmitted to the Agent, to an account designated by the Agent, in immediately available funds, such Bank's Pro Rata Share of such Revolving Credit Loan. After the Agent's each Lender promptly upon receipt of such fundsnotice. Each Lender shall, in the case of any Loan denominated in Dollars, not later than 3:00 P.M. (1:00 p.m., New York, New York time) , on each Borrowing Date hereunder, make Immediately Available Funds in the date amount of a Revolving Credit Loansuch Lender’s Loan available to the Administrative Agent at the office of the Administrative Agent, at its address set forth in Schedule I. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article VISection 7.02, the Administrative Agent will make such Revolving Credit Loan funds available to the Borrower in immediately available funds by crediting the amount thereof to Borrower’s general deposit account with the accounts as designated by Borrower to Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (DESRI Inc.)

Notice and Manner of Borrowing. Borrower shall give Agent telephonic notice, to be followed by written or telegraphic or facsimile notice in the form of Exhibit D E hereto (irrevocable and effective upon receipt) of any Revolving Credit Loan by not later than 11:00 A.M. (New York time) on the date of such Revolving Credit Loan, such notice to indicate and whether such Revolving Credit Loan shall be a Prime Rate Loan or Eurodollar Loan. Each of the foregoing notices (a "Borrowing Notice") must specify the date and the amount of such Revolving Credit Loan to the Agent and the Agent will promptly notify each Bank of receipt by the Agent of a Borrowing Notice and of the contents thereof. In the case of a Eurodollar Loan, the Borrowing Notice shall be received not later than three (3three-(3) Banking Days prior to such Eurodollar Loan and shall specify the Interest Period selected and in the case of a Prime Rate Loan, the Borrowing Notice shall be received not later than noon (New York time) on the date of such proposed Prime Rate Loanselected. Not later than 1:00 P.M. (New York time) on the date of a Revolving Credit Loan, each Bank will cause to be transmitted to the Agent, to an the account designated by the Agentset forth below, in immediately available funds, such Bank's Pro Rata Share of such Revolving Credit Loan. After the Agent's receipt of such funds, not later than 3:00 P.M. (New York time) on the date of a Revolving Credit Loan, and upon fulfillment of the applicable conditions set forth in Article VI, the Agent will make such Revolving Credit Loan available to Borrower in immediately available funds by crediting the amount thereof to the following accounts of Borrower or the Restricted Subsidiary or other accounts at Chase as designated by Borrower to Agent.: Chase Account No. 323-092217 (Borrower) Chase Account No. 323-092209 (Segue) Chase Account No. 323-092144 (Designers) Chase Account No. 323-092233 (Brands) Chase Account No. 323-99999 (Vintage)

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hampshire Group LTD)

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