Common use of Notice of Borrowing, Conversion or Continuation of Loans Clause in Contracts

Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) pursuant to Subsection 1.1(A) or to convert or continue Revolver Loans (other than Swingline Loans) pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior notice in the form attached hereto as Exhibit 1.3 (a “Notice of Borrowing/Conversion/Continuation”) by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3: (A) if requesting a borrowing of a Base Rate Loan (or any portion thereof), not later than 11:00 a.m. (Denver, Colorado time) one Business Day before the proposed borrowing, conversion or continuation is to be effective or, (B) if requesting a borrowing of, or conversion to or continuation of a LIBOR Loan, not later than 11:00 a.m. (Denver, Colorado time) three Business Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (i) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR Loan to be converted or continued, the last day of the current Interest Period therefor, (ii) the effective date of such borrowing, conversion or continuation (which shall be a Business Day), (iii) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (iv) the Interest Period to be applicable to any new LIBOR Loan. Administrative Agent shall give each Lender prompt notice by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3 of any Notice of Borrowing/Conversion/Continuation given by Borrower.

Appears in 2 contracts

Samples: Credit Agreement (ATN International, Inc.), Credit Agreement (Atlantic Tele Network Inc /De)

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Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) pursuant to Subsection 1.1(A) 1.1 or to convert or continue Revolver Base Rate, LIBOR Loans (other than Swingline Loans) or Quoted Rate Loans pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent CoBank irrevocable prior written notice in the form attached hereto as Exhibit 1.3 (a "Notice of Borrowing/Conversion/Continuation”) by facsimile"), e-mail or other method of delivery of notice permitted by Subsection 9.3: (Ai) if requesting a borrowing of, conversion to or continuation of a the Base Rate Loan (or any portion thereof)) or a Quoted Rate Loan, not later than 11:00 a.m. (Denver, Colorado time) ), one Business Day before the proposed borrowing, conversion or continuation is to be effective oreffective, (Bii) if requesting a borrowing of a Swingline Loan, not later than 2:00 p.m. (Denver, Colorado time) on the date the proposed borrowing is to be effective or (iii) if requesting a borrowing of, or a conversion to or a continuation of a LIBOR Loan, not later than 11:00 a.m. (Denver, Colorado time) ), three Business Banking Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (ia) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR Loan to be converted or continued, the last day of the current Interest Period therefore and with respect to any Quoted Rate Loan to be converted or continued, the last day of the current Quoted Rate Period therefor, (iib) the effective date of such borrowing, conversion or continuation (which shall be a Business Day, and in the case of a LIBOR Loan, also a Banking Day), (iiic) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (ivd) the Interest Period to be applicable to any new LIBOR Loan or the Quoted Rate Period to be applicable to any new Quoted Rate Loan, and (e) the Facility under which such borrowing, conversion or continuation is to be made. Administrative Agent Upon satisfaction of the notice requirement set forth in this Subsection 1.3, and the other applicable conditions set forth in this Agreement, CoBank shall give each Lender prompt notice by facsimilemake the Loan, e-mail or other method of delivery of notice permitted by Subsection 9.3 of any Notice of Borrowing/Conversion/Continuation given by Borrowerrequested conversion or continuation, on the requested effective date.

Appears in 1 contract

Samples: Credit Agreement (Surewest Communications)

Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) pursuant to Subsection 1.1(A) or (B) or to convert or continue Revolver Loans (other than Swingline Loans) pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior notice in the form attached hereto as Exhibit 1.3 (a “Notice of Borrowing/Conversion/Continuation”) by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3: (A) if requesting a borrowing of a Base Rate Loan (or any portion thereof), not later than 11:00 a.m. (Denver, Colorado time) one (1) Business Day before the proposed borrowing, conversion or continuation is to be effective or, (B) if requesting a borrowing of, or conversion to or continuation of a LIBOR Loan, not later than 11:00 a.m. (Denver, Colorado time) three (3) Business Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (i) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR Loan to be converted or continued, the last day of the current Interest Period therefor, (ii) the effective date of such borrowing, conversion or continuation (which shall be a Business Day), (iii) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (iv) the Interest Period to be applicable to any new LIBOR Loan, and (v) the Facility under which such borrowing, conversion or continuation is to be made. Administrative Agent shall give each Lender prompt notice by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3 of any Notice of Borrowing/Conversion/Continuation given by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Tele Network Inc /De)

Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) pursuant to Subsection 1.1(A) 1.1 or to convert or continue Revolver Base Rate or LIBOR Loans (other than Swingline Loans) pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit 1.3 (a "Notice of Borrowing/Conversion/Continuation”) by facsimile"), e-mail or other method of delivery of notice permitted by Subsection 9.3: (Ai) if requesting a borrowing of, conversion to or continuation of a the Base Rate Loan (or any portion thereof), not later than 11:00 a.m. (DenverDenver time), Colorado timeone (1) one Business Day before the proposed borrowing, conversion or continuation is to be effective oror (ii), (B) if requesting a borrowing of, or a conversion to or a continuation of a LIBOR Loan, not later than 11:00 a.m. (DenverDenver time), Colorado timethree (3) three Business Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (ia) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR Loan to be converted or continued, the last day of the current Interest Period therefor, (iib) the effective date of such borrowing, conversion or continuation (which shall be a Business Day), (iiic) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (ivd) the Interest Period to be applicable to any new LIBOR Loan, and (e) the Facility under which such borrowing, conversion or continuation is to be made. Administrative Agent shall give each Lender prompt notice by facsimile, e-mail In the event Borrower fails to elect a LIBOR Loan upon any advance hereunder or other method of delivery of notice permitted by Subsection 9.3 upon the termination of any Notice Interest Period, Borrower shall be deemed to have elected to have such amount constitute a portion of Borrowing/Conversion/Continuation given by Borrowerthe Base Rate Loan.

Appears in 1 contract

Samples: Credit Agreement (Us Unwired Inc)

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Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) or the Term Loan A pursuant to Subsection 1.1(A) or (B)(i), respectively, or to convert or continue Revolver Loans (other than Swingline Loans) pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior notice in the form attached hereto as Exhibit 1.3 (a “Notice of Borrowing/Conversion/Continuation”) by facsimile, e-mail or other method of delivery of notice permitted by pursuant to Subsection 9.3: 9.3 (A) if requesting a borrowing of, conversion to or continuation of a Base Rate Loan (or any portion thereof), not later than 11:00 a.m. (Denver, Colorado time) one (1) Business Day before the proposed borrowing, conversion or continuation is to be effective or, (B) if requesting a borrowing of, or conversion to or continuation of a LIBOR Loan or, Quoted Rate Loan, not later than 11:00 a.m. (Denver, Colorado time) three (3) Business Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (i) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR or Quoted Rate Loan to be converted or continued, the last day of the current Interest Period therefor, (ii) the effective date of such borrowing, conversion or continuation (which shall be a Business Day), (iii) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (iv) the Interest Period to be applicable to any new LIBOR Loan or Quoted Rate Loan, and (v) the Facility under which such borrowing, conversion or continuation is to be made. Administrative Agent shall give each Lender prompt notice by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3 of any Notice of Borrowing/Conversion/Continuation given by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Shenandoah Telecommunications Co/Va/)

Notice of Borrowing, Conversion or Continuation of Loans. Whenever Borrower desires to request a Revolver Loan (other than a Swingline Loan) pursuant to Subsection 1.1(A) or (B) or to convert or continue Revolver Loans (other than Swingline Loans) pursuant to Subsection 1.2(G), Borrower shall give Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit 1.3 (a “Notice of Borrowing/Conversion/Continuation”) by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3: (A) if requesting a borrowing of a Base Rate Loan (or any portion thereof), not later than 11:00 a.m. (Denver, Colorado time) one (1) Business Day before the proposed borrowing, conversion or continuation is to be effective or, (B) if requesting a borrowing of, or conversion to or continuation of a LIBOR Loan, not later than 11:00 a.m. (Denver, Colorado time) three (3) Business Days before the proposed borrowing, conversion or continuation is to be effective. Each Notice of Borrowing/Conversion/Continuation shall specify (i) the Loan (or portion thereof) to be advanced, converted or continued and, with respect to any LIBOR Loan to be converted or continued, the last day of the current Interest Period therefor, (ii) the effective date of such borrowing, conversion or continuation (which shall be a Business Day), (iii) the principal amount of such Revolver Loan to be borrowed, converted or continued, and (iv) the Interest Period to be applicable to any new LIBOR Loan, and (v) the Facility under which such borrowing, conversion or continuation is to be made. Administrative Agent shall give each Lender prompt written notice by facsimile, e-mail or other method of delivery of notice permitted by Subsection 9.3 of any Notice of Borrowing/Conversion/Continuation given by Borrower.

Appears in 1 contract

Samples: Credit Agreement (Atlantic Tele Network Inc /De)

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