Common use of Notice of Borrowings Clause in Contracts

Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially in the form of Exhibit B attached hereto (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the Borrowing. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line Advance, a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Swing Line Lenders of any such notice received from any such Borrower. (c) Each Swing Line Lender will make a pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line Loan.

Appears in 5 contracts

Samples: Credit Agreement (Blackrock Funds), Credit Agreement, Credit Agreement (BlackRock Series Fund, Inc.)

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Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially in the form of Exhibit B attached hereto (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the Borrowing. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line Advance, a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Swing Line Lenders of any such notice received from any such Borrower. (c) Each Swing Line Lender will make a pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment equal to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)Advance amount requested, divided by three) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line LoanAgent.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (Master Investment Portfolio), Credit Agreement (Blackrock Funds)

Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially in the form of Exhibit B attached hereto (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the Borrowing. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line AdvanceAdvance (which shall be a Business Day), a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Applicable Swing Line Lenders of any such notice received from any such Borrower. (c) Each Applicable Swing Line Lender will make a its respective pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed designated by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line LoanAdvance.

Appears in 2 contracts

Samples: Credit Agreement (BlackRock Series Fund II, Inc.), Credit Agreement (BlackRock Series Fund II, Inc.)

Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially on notice, given not later than noon (New York City time) (x) in the form case of Exhibit B attached hereto a proposed Borrowing comprised of LIBOR Advances, at least three Business Days prior to the date of the proposed Borrowing (or at such other time as the applicable Borrower and the Banks may agree to for such proposed Borrowing) and (y) in the case of a proposed Borrowing comprised of Base Rate Advances, on the day of the proposed Borrowing, by the applicable Borrower to the Administrative Agent, which shall give to each Bank prompt notice thereof by facsimile or in accordance with Section 9.02. Each such notice of a Borrowing (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed shall be given in a writing accordance with Section 9.02, in substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. A, identifying therein the requested Borrowing and the requested (New York time)i) on the Business Day date of the proposed such Borrowing, appropriately completed concerning (ii) Type of Advances comprising such Borrowing, (iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing comprised of LIBOR Advances, initial Interest Period for each such Advance, provided that the applicable Borrower may not specify LIBOR Advances for any Borrowing if, after giving effect to such Borrowing, LIBOR Advances having more than ten different Interest Periods shall be outstanding. Each Notice of Borrowing or oral request shall constitute a representation be irrevocable and warranty by binding on the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of gives such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line Advance, a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Swing Line Lenders of any such notice received from any such Borrower. (c) Each Swing Line Lender will make a pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (Ensco PLC)

Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially in notice, delivered by facsimile or electronic mail to the form of Exhibit B attached hereto Administrative Agent (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the BorrowingBorrowing and signed by an Authorized Signatory. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line AdvanceAdvance (which shall be a Business Day), a Notice of Borrowing, which shall be made by facsimile transmissionor electronic mail appropriately completed concerning the Borrowing and signed by an Authorized Signatory of the applicable Borrower. The Administrative Agent will promptly advise the Applicable Swing Line Lenders of any such notice received from any such Borrower. (c) Each Applicable Swing Line Lender will make a its respective pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed designated by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line LoanAdvance.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Series Fund II, Inc.)

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Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s irrevocable written notice substantially in the form of Exhibit B attached hereto (a “Notice of Borrowing”) not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the Borrowing. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line Advance, a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Swing Line Lenders of any such notice received from any such Borrower. (c) Each Swing Line Lender will make a pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.)

Notice of Borrowings. (a) Each Borrowing shall be made upon the borrowing Borrower’s 's irrevocable written notice substantially in the form of Exhibit B attached hereto (a "Notice of Borrowing") not later than 12:00 p.m. (New York time) (or telephonic notice not later than 12:00 p.m. (New York time) confirmed in a writing substantially in the form of Exhibit B attached hereto not later than 12:30 p.m. (New York time)) on the Business Day of the proposed Borrowing, appropriately completed concerning the Borrowing. Each Notice of Borrowing or oral request shall constitute a representation and warranty by the borrowing Borrower that the conditions set forth in Section 3.2 have been satisfied on the date of such notice and will be satisfied on the Borrowing Date. (b) Notwithstanding the foregoing, any Borrower may request a Swing Line Advance under this Section 2.2(b) by delivering to the Administrative Agent, no later than 4:00 p.m. (New York time) on the date of the proposed Swing Line Advance, a Notice of Borrowing, which shall be made by facsimile transmission. The Administrative Agent will promptly advise the Swing Line Lenders of any such notice received from any such Borrower. (c) Each Swing Line Lender will make a pro rata amount (such ratable portion to be calculated based upon such Swing Line Lender’s 's Swing Line Commitment to the total Swing Line Commitments of all of the Swing Line Lenders but not greater than the amounts set forth in Section 2.1(b)) of such Swing Line Advance available to the Borrower requesting such Swing Line Advance at the account noticed by such Borrower to the Administrative Agent by 5:00 p.m., New York City time, on the requested date of such Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Variable Series Funds II, Inc.)

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