Common use of Notice From the Borrower Clause in Contracts

Notice From the Borrower. Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 1:00 p.m. on (i) the first Business Day, in the case of a Borrowing of Index Rate Loans and (ii) the third Business Day, in the case of a Borrowing of BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice may be made in a writing substantially in the form of Exhibit C (a “Notice of Borrowing”) duly completed or by telephone if confirmed promptly, but in any event within one Business Day and prior to such Borrowing, with such a Notice of Borrowing. Loans shall be made as Index Rate Loans unless, outside of a suspension period pursuant to Section 2.15, the Notice of Borrowing specifies that all or a portion thereof shall be BA Rate Loans. Each Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Beacon Roofing Supply Inc)

AutoNDA by SimpleDocs

Notice From the Borrower. Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 1:00 p.m. 11:00 a.m. on (i) the first Business Day, in the case of a Borrowing of Index Base Rate Loans and (ii) the third Business Day, in the case of a Borrowing of BA Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice may be made in a writing substantially in the form of Exhibit C C-1 (a “Notice of Borrowing”) duly completed or by telephone if confirmed promptly, but in any event within one Business Day and prior to such Borrowing, with such a Notice of Borrowing. Loans shall be made as Index Base Rate Loans unless, outside of a suspension period pursuant to Section 2.152.13, the Notice of Borrowing specifies that all or a portion thereof shall be BA Eurodollar Rate Loans. Each Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000100,000.

Appears in 1 contract

Samples: Credit Agreement (Townsquare Media, Inc.)

Notice From the Borrower. Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 1:00 p.m. 11:00 a.m. on (i) the first Business Day, in the case of a Borrowing of Index Base Rate Loans and (ii) the third Business Day, in the case of a Borrowing of BA Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice may be made in a writing substantially in the form of Exhibit C (a “Notice of Borrowing”) duly completed or by telephone if confirmed promptly, but in any event within one Business Day and prior to such Borrowing, with such a Notice of Borrowing. Loans shall be made as Index Base Rate Loans unless, outside of a suspension period pursuant to Section 2.15, the Notice of Borrowing specifies that all or a portion thereof shall be BA Eurodollar Rate Loans. Each Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,00010,000 and in a minimum amount of $500,000.

Appears in 1 contract

Samples: First Lien Credit Agreement (Danka Business Systems PLC)

AutoNDA by SimpleDocs

Notice From the Borrower. Each Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 1:00 p.m. 11:00 a.m. (Standard Time) on (i) the first Business Day, in the case of a Borrowing of Index Base Rate Loans and (ii) the third Business Day, in the case of a Borrowing of BA LIBO Rate Loans, prior to the date of the proposed Borrowing. Each such notice may be made in a writing substantially in the form of Exhibit C (a “Notice of Borrowing”) duly completed or by telephone if confirmed promptly, but in any event within one Business Day and prior to such Borrowing, with such a Notice of Borrowing. Loans shall be made as Index Base Rate Loans unless, outside of a suspension period pursuant to Section 2.15, the Notice of Borrowing specifies that all or a portion thereof shall be BA LIBO Rate Loans. Each Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Duff & Phelps Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!