Common use of Notice of Borrowing of Revolving Loans Clause in Contracts

Notice of Borrowing of Revolving Loans. (a) Whenever the Borrower desires to incur Revolving Loans hereunder, it shall give the Payments Administrator at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. (New York time) prior written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be irrevocable and shall specify: (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; (ii) the date of Borrowing (which shall be a Business Day); and (iii) whether the respective Borrowing shall consist of Reference Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's proportionate share thereof and of the other matters covered by the Notice of Borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Nabisco Inc), Credit Agreement (RJR Nabisco Inc), Credit Agreement (Nabisco Inc)

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Notice of Borrowing of Revolving Loans. (a) Whenever the Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 A.M. (New York time) ), at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Eurodollar Loans in Dollars, (y) prior to 1:00 P.M. (New York time) at least four Business Days' prior written of notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Eurodollar Loans constituting Eurodollar Alternate Currency Loans and (yz) prior to 11:00 A.M. (New York time) at least one Business Day's prior written notice (or telephonic telephone notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) in the case of Alternate Currency Loans, the Approved Currency for such Loans, (ii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; Borrowing (iistated in the applicable Approved Currency), (iii) the date of Borrowing (which shall be a Business Day); ) and (iiiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Bank and of the other matters covered by the Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Trenwick Group Inc), Credit Agreement (Trenwick Group LTD)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior its Notice Office, written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. 12:00 Noon (New York time) prior on the third Business Day preceding the date of the proposed Borrowing and written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate LoansLoans to be made hereunder prior to 11:00 A.M. (New York time) on the date of the proposed Borrowing. Each such notice of the foregoing notices (each, a "Notice of Borrowing") shall be irrevocable irrevocable, and, in the case of each written notice and each confirmation of telephonic notice, shall specify: be in the form of Exhibit A-1, appropriately completed to specify (i) the Borrower to whom such Revolving Loans will be made, (ii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; incurred, (iiiii) the date of Borrowing incurrence (which shall be a Business Day); , (iv) whether the Revolving Loans are to be denominated in Dollars or a Primary Alternate Currency and, if a Primary Alternate Currency, the Primary Alternate Currency so requested, and (iiiv) whether the respective Borrowing incurrence shall consist of Reference Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's the proportionate share thereof of each Bank and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc/)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans Loans, and (y) prior to 11:00 A.M. (New York time) prior written notice (or telephonic notice promptly confirmed in writing) prior to 10:00 A.M. (New York time) on the date of Borrowing in the case of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) the identity of the applicable Borrower, (ii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; , (iiiii) the date of Borrowing (which shall be a Business Day); and , (iiiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans and, and (v) if such Borrowing consists of Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Lender and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Partnerre LTD)

Notice of Borrowing of Revolving Loans. (a) Whenever the -------------------------------------- Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior its Notice Office, written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. 12:00 Noon (New York time) prior on the third Business Day preceding the date of the proposed Borrowing and written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate LoansLoans to be made hereunder prior to 11:00 A.M. (New York time) on the date of the proposed Borrowing. Each such notice of the foregoing notices (each, a "Notice of Borrowing") shall be irrevocable irrevocable, and, in the case of each written notice and each confirmation of telephonic notice, shall specify: be in the form of Exhibit A-1, appropriately completed to specify (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; incurred, (ii) the date of Borrowing incurrence (which shall be a Business Day); ) and (iii) whether the respective Borrowing incurrence shall consist of Reference Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's the proportionate share thereof of each Bank and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and in Dollars, (y) prior to 11:00 A.M. 1:00 P.M. (New York time) at least four Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Eurodollar Loans constituting Alternate Currency Loans and (z) written notice (or telephonic notice promptly confirmed in writing) prior to 11:00 A.M. (New York time) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) the identity of the applicable Borrower, (ii) in the case of Alternate Currency Loans, the Approved Currency for such Loans, (iii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; Borrowing (iistated in the applicable Approved Currency), (iv) the date of Borrowing (which shall be a Business Day); and , (iiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans andLoans, (vi) if Eurodollar Loans, the Interest Period to be initially applicable thereto and (vii) if DB Loans, the DB Loan Maturity Date to be applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Lender and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mbia Inc)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. (New York time) prior written notice (or telephonic notice promptly confirmed in writing) prior to 11:00 A.M. (New York time) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) the identity of the applicable Borrower, (ii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; , (iiiii) the date of Borrowing (which shall be a Business Day); and , (iiiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans andLoans, (v) if Eurodollar Loans, the Interest Period to be initially applicable thereto and (vi) if DB Loans, the DB Loan Maturity Date to be applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Lender and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mbia Inc)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and in Dollars, (y) prior to 11:00 A.M. (New York London time) at least four Business Days prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Eurodollar Loans constituting Alternate Currency Loans and (z) written notice (or telephonic notice promptly confirmed in writing) prior to 10:00 A.M. (New York time) on the date of Borrowing in the case of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) the identity of the applicable Borrower, (ii) in the case of Alternate Currency Loans, the Approved Currency for such Loans (iii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; , (iiiv) the date of Borrowing (which shall be a Business Day); and , (iiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans and, and (vi) if such Borrowing consists of Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Lender and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Partnerre LTD)

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Notice of Borrowing of Revolving Loans. (a) Whenever the Borrower Bor- -------------------------------------- rower desires to incur Revolving Loans hereunder, it shall give the Payments Administrator at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. (New York time) prior written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Rate Loans. Each E- ach such notice (each, a "Notice of Borrowing") shall be irrevocable and shall specify: (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; (ii) the date of Borrowing (which shall be a Business Day); and (iii) whether the respective Borrowing shall consist of Reference Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's proportionate share thereof and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Assignment Agreement (RJR Nabisco Inc)

Notice of Borrowing of Revolving Loans. (a) Whenever the Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior its Notice Office, written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. 12:00 Noon (New York time) prior on the third Business Day preceding the date of the proposed Borrowing and written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate LoansLoans to be made hereunder prior to 11:00 A.M. (New York time) on the date of the proposed Borrowing. Each such notice of the foregoing notices (each, a "Notice of Borrowing") shall be irrevocable irrevocable, and, in the case of each written notice and each confirmation of telephonic notice, shall specify: be in the form of Exhibit A-1, appropriately completed to specify (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; incurred, (ii) the date of Borrowing incurrence (which shall be a Business Day); ) and (iii) whether the respective Borrowing incurrence shall consist of Reference Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's the proportionate share thereof of each Bank and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc/)

Notice of Borrowing of Revolving Loans. (a) Whenever the a Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office its Notice Office, (x) prior to 11:00 I 1:00 A.M. (New York time) at least three Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and in Dollars, (y) prior to 11:00 A.M. 1:00 P.M. (New York time) at least four Business Days' prior written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Eurodollar Loans constituting Alternate Currency Loans and (z) written notice (or telephonic notice promptly confirmed in writing) prior to I 1:00 A.M. (New York time) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate Loans. Each such notice (each, a "Notice of Borrowing") shall be in the form of Exhibit A-1 and shall be irrevocable and shall specify: specify (i) the identity of the applicable Borrower, (ii) in the case of Alternate Currency Loans, the Approved Currency for such Loans, (iii) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; Borrowing (iistated in the applicable Approved Currency), (iv) the date of Borrowing (which shall be a Business Day); and , (iiiv) whether the respective Borrowing shall consist of Reference Base Rate Loans or Eurodollar Loans andLoans, (vi) if Eurodollar Loans, the Interest Period to be initially applicable thereto and (vii) if DB Loans, the DB Loan Maturity Date to be applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank Lender written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving LoansBorrowing, of the portion thereof to be funded by such Bank's proportionate share thereof Lender and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Mbia Inc)

Notice of Borrowing of Revolving Loans. (a) Whenever the Borrower desires to incur Revolving Loans hereunderLoans, it shall give the Payments Administrator Administrative Agent at the Payments Administrator's Office (x) prior to 11:00 A.M. (New York time) at least three Business Days' prior its Notice Office, written notice (or telephonic notice promptly confirmed in writing) of each Borrowing of Revolving Loans constituting Eurodollar Loans and (y) prior to 11:00 A.M. 12:00 Noon (New York time) prior on the third Business Day preceding the date of the proposed. Borrowing and written notice (or telephonic notice promptly confirmed in writing) on the date of each Borrowing of Revolving Loans constituting Reference Base Rate LoansLoans to be made hereunder prior to 11:00 A.M. (New York time) on the date of the proposed Borrowing. Each such notice of the foregoing notices (each, a "Notice of Borrowing") shall be irrevocable irrevocable, and, in the case of each written notice and each confirmation of telephonic notice, shall specify: be in the form of Exhibit A-1, appropriately completed to specify (i) the aggregate principal amount of the Revolving Loans to be made pursuant to such Borrowing; incurred, (ii) the date of Borrowing incurrence (which shall be a Business Day); and , (iii) whether the Revolving Loans are to be denominated in Dollars or a Primary Alternate Currency and, if a Primary Alternate Currency, the Primary Alternate Currency so requested, and (iv) whether the respective Borrowing incurrence shall consist of Reference Base Rate Loans or Eurodollar Loans and, if Eurodollar Loans, the Interest Period to be initially applicable thereto. The Payments Administrator Administrative Agent shall promptly give each Bank written notice (or telephonic notice promptly confirmed in writing) of each proposed Borrowing of Revolving Loans, of such Bank's the proportionate share thereof of each Bank and of the other matters covered by the Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc/)

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