Common use of Notice of Borrowings Clause in Contracts

Notice of Borrowings. The Borrower shall give the Administrative Agent notice (a “Notice of Borrowing”) not later than 11:00 A.M. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the Loans comprising such Borrowing are to bear interest initially at the Base Rate or a Euro-Dollar Rate; and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 8 contracts

Samples: Credit Agreement (Duke Energy CORP), Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Energy Corp)

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Notice of Borrowings. The Borrower Company shall give the Administrative Agent notice (a "Notice of Borrowing") not later than 11:00 A.M. a.m. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;, (b) the aggregate amount (in Dollars) of such Borrowing;, (c) whether the Loans comprising such Borrowing are to bear interest initially at the be Base Rate Loans or a Euro-Dollar Rate; Loans, and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Lincoln National Corp), Credit Agreement (Lincoln National Corp)

Notice of Borrowings. The Borrower shall give the Administrative Agent notice (a “Notice of Borrowing”) not later than 11:00 A.M. (New York City Eastern time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the Loans comprising such Borrowing are to bear interest initially at the Base Rate or a Euro-Dollar Rate; and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Duke Energy CORP), Credit Agreement (Duke Energy CORP)

Notice of Borrowings. The Borrower Company shall give the Administrative Agent notice (a "Notice of Borrowing") not later than 11:00 A.M. a.m. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;, (b) the aggregate amount (in Dollars) of such Borrowing;, (c) whether the Loans comprising such Borrowing are to bear interest initially at the be Base Rate Loans or a Euro-Dollar Rate; Loans, and (d) in the case of a Euro-Dollar Rate Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Lincoln National Corp)

Notice of Borrowings. The Borrower Company shall give the Administrative Agent notice (a “Notice of Borrowing”"NOTICE OF BORROWING") not later than 11:00 A.M. (New York City time) on (xi) the date of each Base Rate Borrowing Borrowing, and (yii) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the Loans comprising such Borrowing are to bear interest initially at the be Base Rate Loans or a Euro-Dollar RateLoans; and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Notice of Borrowings. The Borrower shall give the Administrative Agent notice (substantially in the form of Exhibit A-1 hereto (a “Notice of Borrowing”)) not later than 11:00 (a) 11:30 A.M. (New York City time) on (x) the date of each Base Rate Borrowing and (yb) 12:00 Noon (New York City time) on the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: : (ai) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; Day; (bii) the aggregate amount of such Borrowing; ; (ciii) whether the initial Type of the Loans comprising such Borrowing are to bear interest initially at the Base Rate or a Euro-Dollar RateBorrowing; and (div) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.; and 16 #93052149v11

Appears in 1 contract

Samples: Term Loan Credit Agreement (LG&E & KU Energy LLC)

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Notice of Borrowings. The Borrower shall give the Administrative Agent notice (a "Notice of Borrowing") not later than 11:00 10:30 A.M. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or and a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing;, (b) the aggregate amount of such Borrowing;, (c) whether the Loans comprising such Borrowing are to bear interest initially at the be Base Rate Loans or a Euro-Dollar Rate; Loans, and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 1 contract

Samples: Bridge Credit Agreement (Aetna U S Healthcare Inc)

Notice of Borrowings. The Borrower shall give the Administrative Agent notice (a “Notice of Borrowing”) not later than 11:00 A.M. (New York City time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the initial Type of Loans comprising such Borrowing are to bear interest initially at the Base Rate or a Euro-Dollar RateBorrowing; and (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

Notice of Borrowings. The Borrower shall give the Administrative Agent notice (a “Notice of Borrowing”) not later than 11:00 A.M. (New York City Eastern time) on (x) the date of each Base Rate Borrowing and (y) the third Euro-Dollar Business Day before each Euro-Dollar Borrowing, specifying: (a) the date of such Borrowing, which shall be a Domestic Business Day in the case of a Domestic Base Rate Borrowing or a Euro-Dollar Business Day in the case of a Euro-Dollar Borrowing; (b) the aggregate amount of such Borrowing; (c) whether the Loans comprising such Borrowing are to bear interest initially at the Base Rate or a Euro-Dollar Rate; and; (d) in the case of a Euro-Dollar Borrowing, the duration of the initial Interest Period applicable thereto, subject to the provisions of the definition of Interest Period; and (e) if applicable, the designation contemplated by the definition of Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Duke Energy CORP)

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