Common use of Notice of Borrowing; Borrower’s Certificate Clause in Contracts

Notice of Borrowing; Borrower’s Certificate. Whenever the Borrowers desire a Revolving Advance be made, the Borrower Representative shall give the Lender, not later than 11:00 a.m. (New York time) on the Business Day of the proposed Funding Date of such Revolving Advance, Written Notice or telephonic notice from an Authorized Representative confirmed promptly by a Written Notice (which notice, in each case, shall be irrevocable) of the desire to make a borrowing of a Revolving Advance. Each notice of borrowing under this Section 1.03 shall (i) be signed by an Authorized Representative of the Borrower Representative, and (ii) be substantially in the form of Exhibit VII-B hereto (each, a “Borrower’s Certificate”) and specify the date on which the Borrowers desire to make a borrowing of a Revolving Advance (which in each instance shall be a Funding Date), the amount of the proposed Revolving Advance and shall have attached to it the most recent Borrowing Base Certificate.

Appears in 2 contracts

Samples: Loan and Security Agreement (BioScrip, Inc.), Loan and Security Agreement (BioScrip, Inc.)

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Notice of Borrowing; Borrower’s Certificate. Whenever the Borrowers desire desires a Revolving Advance be made, the Borrower Representative shall give the LenderBorrowers shall, not later than 11:00 a.m. 2:00 p.m. (New York time) on the one Business Day of prior to the proposed Funding Date of such the Revolving Advance, give the Lender Written Notice or telephonic notice from an Authorized Representative Officer confirmed promptly by a Written Notice (which notice, in each case, shall be irrevocable) of the desire to make a borrowing of a Revolving Advance. Each notice of borrowing under this Section 1.03 shall (i) be signed by an Authorized Representative of the Borrower Representative, and (ii) be substantially in the form of Exhibit VII-B hereto (each, a “Borrower’s "Borrowers' Certificate") and specify the date on which the Borrowers desire to make a borrowing of a Revolving Advance (which in each instance shall be a Funding Date) and the amount of such borrowing. In addition, on the Business Day immediately prior to the proposed Funding Date (including with respect to a Revolving Advance requested pursuant to Section 3.05 below), not later than 2:00 p.m. (New York time), the amount Authorized Representative, on behalf of the proposed Revolving Advance and Borrowers, shall have attached deliver to it the most recent Lender a Borrowing Base CertificateCertificate dated as of such date.

Appears in 1 contract

Samples: Loan and Security Agreement (Matria Healthcare Inc)

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Notice of Borrowing; Borrower’s Certificate. Whenever the Borrowers desire Borrower desires to make a borrowing of a Revolving Advance be madeAdvance, the Borrower Representative shall give the Lender, Lender not later than 11:00 a.m. (New York time) ), on the Business Day day of the a proposed Funding Date of such Revolving Advance, Advance prior Written Notice or telephonic notice from an Authorized Representative confirmed promptly by a Written Notice in writing (which notice, in each case, notice shall be irrevocable) of the its desire to make a borrowing of a Revolving AdvanceAdvance on a Funding Date. Each notice of borrowing under this Section 1.03 shall (i) be signed by an Authorized Representative of the Borrower Representative, and (ii) be substantially in the form of Exhibit VII-B hereto (each, each a "Borrower’s 's Certificate") and specify the date on which the Borrowers desire Borrower desires to make a borrowing of a Revolving Advance (which in each instance shall be a Funding Date), the amount of the proposed Revolving Advance such borrowing, and shall have attached to it attach the most recent Borrowing Base CertificateCertificate to the Borrower's Certificate to be delivered by the Borrower to the Lender and set forth the Borrowing Base provided therein.

Appears in 1 contract

Samples: Loan and Security Agreement (Community Care of America Inc)

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