Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things: (a) whether such Borrowing will be a Base Rate Loan or a LIBOR Loan; (b) in the case of any LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period” (c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment); (d) the date of the requested Borrowing, which shall be a Banking Day; and (e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 4 contracts
Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co)
Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things:
(a) whether such Borrowing will be a Base Rate Loan or a LIBOR SOFR Loan;
(b) in the case of any LIBOR SOFR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”
(c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(d) the date of the requested Borrowing, which shall be a Banking Day; and
(e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 3 contracts
Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co)
Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1D-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things:
(a) whether such Borrowing will be a Base Rate an ABR Loan or a LIBOR Loan;
(b) in the case of any LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”;
(c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(d) the date of the requested Borrowing, which shall be a Banking Day; and
(e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 2 contracts
Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Teco Energy Inc)
Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things:
(a) whether such Borrowing will be a Base Rate Loan or a LIBOR LIBORSOFR Loan;
(b) in the case of any LIBOR LIBORSOFR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”
(c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(d) the date of the requested Borrowing, which shall be a Banking Day; and
(e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Tampa Electric Co)
Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things:
(a) whether such Borrowing will be a Base Rate Loan or a LIBOR Loan;
(b) in the case of any LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”
(c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(d) the date of the requested Borrowing, which shall be a Banking Day; and
and (e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Tampa Electric Co)
Notice of Revolving Borrowing. Borrower shall request Revolving Loans by delivering to Administrative Agent a written notice in the form of Exhibit E-1, appropriately completed (a “Notice of Revolving Borrowing”) which specifies, among other things:
(a) whether such Borrowing will be a Base Rate Loan or a LIBOR Loan;
(b) in the case of any LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”
(c) the amount of the requested Borrowing, which shall be in the minimum amount of $5,000,000 1,000,000 or an integral multiple of $1,000,000 in excess thereof (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(d) the date of the requested Borrowing, which shall be a Banking Day; and
(e) the account(s) to which the proceeds of the Borrowing are to be credited, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each such Notice of Revolving Borrowing so as to provide not less than the Minimum Notice Period. Any Notice of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to the applicable Minimum Notice Period, and thereafter shall be irrevocable.
Appears in 1 contract
Samples: Credit Agreement (Tampa Electric Co)
Notice of Revolving Borrowing. Whenever the Borrower desires to borrow Revolving Loans under Section 2.1 hereof, the Borrower shall request Revolving Loans by delivering deliver to Administrative the Agent a written notice (or telephonic notice promptly confirmed in writing) in substantially the form of Exhibit E-1A (each such notice, appropriately completed a "Borrowing Notice") no later than 11:00 A.M. (a “Notice of Eastern time) on the requested Funding Date for ABR Loans and no later than 11:00 A.M. (Eastern time) at least three (3) Business Days prior to the requested Funding Date for LIBOR Loans, specifying (i) that the Borrower wishes to borrow Revolving Borrowing”) which specifiesLoans, among other things:
(a) whether such Borrowing will be a Base Rate Loan or a LIBOR Loan;
(b) in the case of any LIBOR Loan, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of “Interest Period”
(cii) the amount of the Revolving Loans thereby requested Borrowing, (which shall not be less than $500,000 and shall be in the minimum amount multiples of $5,000,000 or an integral multiple of $1,000,000 in excess thereof 100,000), (except in the case of a Revolving Loan of all remaining undrawn amounts under the Total Commitment);
(diii) the requested Funding Date of such Revolving Loans, which date shall be a Business Day, (iv) whether the requested Revolving Loans will be an ABR Loan, a LIBOR Loan or a combination thereof and (v) if any of the requested BorrowingRevolving Loans will be LIBOR Loans, which the LIBOR Period applicable thereto. Notwithstanding anything contained herein to the contrary, if on any Interest Payment Date the credit balance in the Borrower Account is insufficient to permit the debit contemplated by the second sentence of Section 3.4(a) of this Agreement, the Agent, without any notice or other authorization being required, shall be a Banking Day; and
(eand is hereby instructed by the Borrower to) the account(s) to which the proceeds advance Revolving Loans on behalf of the Borrowing are Borrower in an amount sufficient to permit such debit to be creditedimplemented or, as contemplated by Section 2.1.1.3(d). Borrower shall deliver each if the amount of such Notice of Revolving Borrowing so as to provide not less debit is greater than the Minimum Notice Period. Any Notice unused portion of Revolving Borrowing may be modified or revoked by Borrower through the Banking Day prior to Facility, in the applicable Minimum Notice Period, and thereafter shall be irrevocableamount of such unused portion.
Appears in 1 contract
Samples: Revolving Credit Agreement (Caci International Inc /De/)