Common use of Notice of Borrowing and Disbursement Clause in Contracts

Notice of Borrowing and Disbursement. Upon receiving a Notice of Borrowing from the applicable Borrower not later than 2:00 p.m. (9:00 a.m. London time, with respect to Swingline Loans to be denominated in a Foreign Currency) on any Business Day requesting that a Swingline Loan be made, the applicable Swingline Lender will make Swingline Loans available to the applicable Borrower on the same Business Day such request is received by the Administrative Agent and the applicable Swingline Lender. Each such Notice of Borrowing shall be irrevocable and shall specify (A) that a Swingline Loan is requested, (B) the aggregate principal amount to be borrowed, and (C) in the case of a Notice of Borrowing delivered by a Foreign Borrower, whether the borrowing shall consist of Swingline Loans denominated in Euros, British Pounds Sterling, an Alternative Currency or in Dollars. If the applicable Borrower shall fail to specify in any such Notice of Borrowing the currency of such borrowing, then such notice shall be deemed to be a request for Swingline Loans denominated in Dollars. Swingline Loan borrowings hereunder, if denominated in Dollars, shall be made in minimum amounts of $100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of $25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in Euros, shall be made in minimum amounts of €100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of €25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in British Pounds Sterling, shall be made in minimum amounts of ₤100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of ₤25,000 in excess thereof. Swingline Loans denominated in an Alternative Currency shall be in a minimum amount of the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000. Each Notice of Borrowing with respect to Swingline Loans shall be delivered to the Administrative Agent and the applicable Swingline Lender.

Appears in 3 contracts

Samples: Credit Agreement (Itron Inc /Wa/), Credit Agreement (Itron Inc /Wa/), Credit Agreement (Itron Inc /Wa/)

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Notice of Borrowing and Disbursement. Upon receiving a Notice of Borrowing from the applicable Borrower Company (A) not later than 2:00 p.m. 12:00 Noon (9:00 a.m. London Charlotte, North Carolina time, with respect to Swingline Loans to be denominated in a Foreign Currency) on any Business Day requesting that a Swingline Loan be mademade in Dollars, the applicable Swingline Lender will make a Swingline Loans Loan which is denominated in Dollars available to the applicable Borrower Company on the same Business Day and (B) not later than 10:00 A.M. (London, England time) on any Business Day requesting that a Swingline Loan be made in Euros, the Swingline Lender will make a Swingline Loan which is denominated in Euros available to the Company on such request is received by the Administrative Agent date. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and the applicable Swingline Lenderin integral amounts of $100,000 in excess thereof. Each such Notice of Borrowing request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (CD) in the case of a Notice of Borrowing delivered by a Foreign Borrower, whether the borrowing shall consist of Swingline Loans denominated be made in Euros, British Pounds Sterling, an Alternative Currency Dollars or in DollarsEuros and (E) the location and number of the Company's account to which funds are to be disbursed. If the applicable Borrower Company shall fail to specify in any such Notice of Borrowing the applicable currency of for such borrowingSwingline Loan, then such notice shall be deemed to be a request for Swingline Loans denominated in Dollars. Swingline Loan borrowings hereunder, if denominated in Dollars, shall be made in minimum amounts of $100,000 (or Dollars. Notwithstanding anything to the remaining available amount of contrary contained herein, the Swingline Committed Amount if less) and in integral amounts of $25,000 in excess thereof. Lender shall not at any time be obligated to make any Swingline Loan borrowings hereunder if any Lender is at such time a Defaulting Lender or an Impacted Lender hereunder, if denominated in Euros, shall be made in minimum amounts of €100,000 (or the remaining available amount of unless the Swingline Committed Amount if less) and in integral amounts of €25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in British Pounds Sterling, shall be made in minimum amounts of ₤100,000 (or the remaining available amount of Lender has entered into arrangements satisfactory to the Swingline Committed Amount if less) and in integral amounts of ₤25,000 in excess thereof. Lender with the Borrowers or such Lender to eliminate the Swingline Loans denominated in an Alternative Currency shall be in a minimum amount of the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000. Each Notice of Borrowing Lender's risk with respect to Swingline Loans shall be delivered to the Administrative Agent and the applicable Swingline such Lender.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

Notice of Borrowing and Disbursement. Upon receiving a Notice of Borrowing from the applicable Borrower (A) not later than 2:00 p.m. (9:00 a.m. London timeP.M. on any Business Day requesting that a Swingline Loan be made in Dollars, with respect to the Swingline Loans to be Lender will make a Swingline Loan which is denominated in a Foreign CurrencyDollars available to the Borrower on the same Business Day and (B) not later than 10:00 A.M. (London, England time) on any Business Day requesting that a Swingline Loan be mademade in an Alternative Lending Currency, the applicable Swingline Lender will make a Swingline Loans Loan which is denominated in such Alternative Lending Currency available to the applicable Borrower on the same Business Day such request is received by the Administrative Agent date. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and the applicable Swingline Lenderin integral amounts of $100,000 in excess thereof. Each such Notice of Borrowing request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (CD) the Currency in the case of a Notice of Borrowing delivered by a Foreign Borrower, whether which the borrowing shall consist of Swingline Loans denominated in Euros, British Pounds Sterling, an Alternative Currency or in Dollarsbe made. If the applicable Borrower shall fail to specify in any such Notice of Borrowing the currency of applicable Currency for such borrowingSwingline Loan, then such notice shall be deemed to be a request for Swingline Loans denominated in Dollars. Swingline Loan borrowings hereunder, if denominated in Dollars, shall be made in minimum amounts of $100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of $25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in Euros, shall be made in minimum amounts of €100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of €25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in British Pounds Sterling, shall be made in minimum amounts of ₤100,000 (or the remaining available amount of the Swingline Committed Amount if less) and in integral amounts of ₤25,000 in excess thereof. Swingline Loans denominated in an Alternative Currency shall be in a minimum amount of the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000. Each Notice of Borrowing with respect to Swingline Loans shall be delivered to the Administrative Agent and the applicable Swingline LenderDollars.

Appears in 1 contract

Samples: Credit Agreement (American Capital Strategies LTD)

Notice of Borrowing and Disbursement. Upon receiving a Notice of Borrowing from the applicable Borrower Company (A) not later than 2:00 p.m. 12:00 Noon (9:00 a.m. London Charlotte, North Carolina time, with respect to Swingline Loans to be denominated in a Foreign Currency) on any Business Day requesting that a Swingline Loan be mademade in Dollars, the applicable Swingline Lender will make a Swingline Loans Loan which is denominated in Dollars available to the applicable Borrower Company on the same Business Day and (B) not later than 10:00 A.M. (London, England time) on any Business Day requesting that a Swingline Loan be made in Euros, the Swingline Lender will make a Swingline Loan which is denominated in Euros available to the Company on such request is received by the Administrative Agent date. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and the applicable Swingline Lenderin integral amounts of $100,000 in excess thereof. Each such Notice of Borrowing request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (CD) in the case of a Notice of Borrowing delivered by a Foreign Borrower, whether the borrowing shall consist of Swingline Loans denominated be made in Euros, British Pounds Sterling, an Alternative Currency Dollars or in DollarsEuros and (E) the location and number of the Company’s account to which funds are to be disbursed. If the applicable Borrower Company shall fail to specify in any such Notice of Borrowing the applicable currency of for such borrowingSwingline Loan, then such notice shall be deemed to be a request for Swingline Loans denominated in Dollars. Swingline Loan borrowings hereunder, if denominated in Dollars, shall be made in minimum amounts of $100,000 (or Dollars. Notwithstanding anything to the remaining available amount of contrary contained herein, the Swingline Committed Amount if less) and in integral amounts of $25,000 in excess thereof. Lender shall not at any time be obligated to make any Swingline Loan borrowings hereunderhereunder if any Lender is at such time a Defaulting Lender, if denominated in Euros, shall be made in minimum amounts of €100,000 (or the remaining available amount of unless the Swingline Committed Amount if less) and in integral amounts of €25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in British Pounds Sterling, shall be made in minimum amounts of ₤100,000 (or the remaining available amount of Lender has entered into arrangements satisfactory to the Swingline Committed Amount if less) and in integral amounts of ₤25,000 in excess thereof. Lender with the Borrowers or such Lender to eliminate the Swingline Loans denominated in an Alternative Currency shall be in a minimum amount of the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000. Each Notice of Borrowing Lender’s risk with respect to such Lender’s obligations in respect of its Swingline Loans shall be delivered to the Administrative Agent and the applicable Swingline LenderCommitment.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

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Notice of Borrowing and Disbursement. Upon receiving a Notice of Borrowing from the applicable Borrower Company (A) not later than 2:00 p.m. 12:00 Noon (9:00 a.m. London Charlotte, North Carolina time, with respect to Swingline Loans to be denominated in a Foreign Currency) on any Business Day requesting that a Swingline Loan be mademade in Dollars, the applicable Swingline Lender will make a Swingline Loans Loan which is denominated in Dollars available to the applicable Borrower Company on the same Business Day and (B) not later than 10:00 A.M. (London, England time) on any Business Day requesting that a Swingline Loan be made in Euros, the Swingline Lender will make a Swingline Loan which is denominated in Euros available to the Company on such request is received by the Administrative Agent date. Swingline Loan borrowings hereunder shall be made in minimum amounts of $100,000 and the applicable Swingline Lenderin integral amounts of $100,000 in excess thereof. Each such Notice of Borrowing request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (CD) in the case of a Notice of Borrowing delivered by a Foreign Borrower, whether the borrowing shall consist of Swingline Loans denominated be made in Euros, British Pounds Sterling, an Alternative Currency Dollars or in DollarsEuros and (E) the location and number of the Company’s account to which funds are to be disbursed. If the applicable Borrower Company shall fail to specify in any such Notice of Borrowing the applicable currency of for such borrowingSwingline Loan, then such notice shall be deemed to be a request for Swingline Loans denominated in Dollars. Swingline Loan borrowings hereunder, if denominated in Dollars, shall be made in minimum amounts of $100,000 (or Dollars. Notwithstanding anything to the remaining available amount of contrary contained herein, the Swingline Committed Amount if less) and in integral amounts of $25,000 in excess thereof. Lender shall not at any time be obligated to make any Swingline Loan borrowings hereunder if any Lender is at such time a Defaulting Lender or an Impacted Lender hereunder, if denominated in Euros, shall be made in minimum amounts of €100,000 (or the remaining available amount of unless the Swingline Committed Amount if less) and in integral amounts of €25,000 in excess thereof. Swingline Loan borrowings hereunder, if denominated in British Pounds Sterling, shall be made in minimum amounts of ₤100,000 (or the remaining available amount of Lender has entered into arrangements satisfactory to the Swingline Committed Amount if less) and in integral amounts of ₤25,000 in excess thereof. Lender with the Borrowers or such Lender to eliminate the Swingline Loans denominated in an Alternative Currency shall be in a minimum amount of the Dollar Equivalent of $100,000 and in integral multiples of the Dollar Equivalent of $25,000. Each Notice of Borrowing Lender’s risk with respect to Swingline Loans shall be delivered to the Administrative Agent and the applicable Swingline such Lender.

Appears in 1 contract

Samples: Credit Agreement (Checkpoint Systems Inc)

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