Common use of Notice of Swingline Loans by the Borrower Clause in Contracts

Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request by telephone (confirmed by telecopy or electronic communication) not later than 2:00 p.m., New York City time, on the day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan (which (x) in the case of any Swingline Lender that is a Dollar Lender, shall be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under the Multicurrency Commitments). The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan available to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as a Swingline Lender, shall make each applicable Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist by 3:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds prior to 3:00 p.m., New York City time pursuant to clause (x), on the requested date of such Swingline Loan and (B) otherwise, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m., New York City time pursuant to clause (x), on the immediately succeeding Business Day after the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blue Owl Technology Income Corp.)

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Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request in writing by telephone (confirmed by telecopy or electronic communication) delivery of a Borrowing Request not later than 2:00 p.m.(i) 11:00 a.m., New York City time, on the day of such proposed Swingline Loan, in order to receive funds by 3:00 p.m., New York City time, on such day and (ii) otherwise 7:00 p.m., New York City time, in order to receive funds by 1:00 p.m., New York City time, on the following Business Day. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and ), the amount of the requested Swingline Loan (which (x) in the case of any Swingline Lender that is a Dollar Lender, shall be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under the Multicurrency Commitments)Loan. The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each The Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan available to the Borrower by means of a credit to the Borrower’s account of the Borrower specified in Section 2.03(b)(vii) the Borrowing Request (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank, as specified in the Borrowing Request) by (i) 3:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as the case of a Swingline LenderBorrowing Request delivered before 11:00 a.m., shall make each applicable New York City time, on the day of such proposed Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist by 3:00 or (ii) 1:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (orfollowing Business Day, in the case of a Borrowing Request delivered after 11:00 a.m., New York City time, on the day of such proposed Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds but prior to 3:00 7:00 p.m., New York City time pursuant to clause (x)time, on the requested date of such Swingline Loan and (B) otherwise, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m., New York City time pursuant to clause (x), on the immediately succeeding Business Day after the requested date of such Swingline Loanday.

Appears in 1 contract

Samples: Revolving Credit Agreement (NF Investment Corp.)

Notice of Swingline Loans by the Borrower. To request a Swingline LoanBorrowing, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request by telephone (confirmed by telecopy or electronic communication) telephone, not later than 2:00 3:00 p.m., New York City time, on the day of such the proposed Swingline LoanBorrowing. Each such notice shall be irrevocable and shall specify be confirmed promptly by hand delivery, facsimile or e-mail (in .pdf or .tif format) to the Swingline Lender from which Administrative Agent of a written Borrowing Request in the form approved by the Administrative Agent and signed by a Responsible Officer of the Borrower. Each such Swingline Loan telephonic and written Borrowing Request shall be madespecify, in compliance with Section 2.02, the requested date (which shall be a Business Day) and ), the principal amount of the requested Swingline Loan (Borrowing and the location and number of the Borrower’s account to which (x) funds are to be disbursed, or, in the case of any Swingline Borrowing requested to finance the reimbursement of an LC Disbursement as provided in Section 2.06(f), the identity of the Issuing Lender that is a Dollar Lender, shall be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under the Multicurrency Commitments)such LC Disbursement. The Administrative Agent will promptly advise the applicable each Swingline Lender of any such notice Borrowing Request received from the BorrowerBorrower and of the amount of such Swingline Lender’s Swingline Loan to be made as part of the requested Swingline Borrowing. Each Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan to be made by it hereunder available to the Borrower by means of a credit to a deposit account of the Borrower’s account Borrower specified in Section 2.03(b)(vii) such Borrowing Request (or, in the case of a Swingline Loan Borrowing made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f2.06(f), by remittance to the applicable relevant Issuing BankLender) by 3:00 5:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as a Swingline Lender, shall make each applicable Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist by 3:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds prior to 3:00 p.m., New York City time pursuant to clause (x), on the requested date of such Swingline Loan and (B) otherwise, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m., New York City time pursuant to clause (x), on the immediately succeeding Business Day after the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Year Credit Agreement (Best Buy Co Inc)

Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request by telephone (confirmed by telecopy or electronic communicationemail), (i) in the case of a Swingline Loan denominated in Dollars, not later than 2:00 p.m., New York City time, on the day of such proposed Swingline Loan, (ii) in the case of a Swingline Loan denominated in a Foreign Currency other than AUD, SEK or HKD, not later than 9:00 a.m., New York time, on the day of such proposed Swingline Loan, and (iii) in the case of a Swingline Loan denominated in AUD, SEK or HKD, not later than 9:00 a.m., New York time, one Business Day prior to such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan (which (x) in the case of any Swingline Lender that is a Dollar Lender, shall be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under the Multicurrency Commitments)Loan. The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan available to the Borrower by means of a credit to the Borrower’s general deposit account specified in Section 2.03(b)(vii) of the Borrower with such Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as the case of a Swingline Lenderdenominated in Dollars, shall make each applicable Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist by 3:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided denominated in Section 2.05(fa Foreign Currency (other than AUD, SEK and HKD), by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds prior to 3:00 p.m.9:00 a.m., New York City time pursuant to clause (x)time, on the requested date of such Swingline Loan and (Bz) otherwisein the case of a Swingline Loan denominated in AUD, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m.SEK or HKD, by 9:00 a.m., New York City time pursuant to clause (x)time, on the immediately succeeding one Business Day after the requested date of prior to such proposed Swingline Loan.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Apollo Investment Corp)

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Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request by telephone (confirmed by telecopy or electronic communicationmail), (i) in the case of a Swingline Loan denominated in Dollars, not later than 2:00 p.m., New York City time, on the day of such proposed Swingline Loan and (ii) in the case of a Swingline Loan denominated in a Foreign Currency, not later than 1:00 p.m., London time, three (3) Business Days before the date of the proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and ), the amount of the requested Swingline Loan (which (x) in Loan, the case of any Swingline Lender that the Borrower is a Dollar Lender, shall requesting make such Swingline Loan and whether such Swingline Loan is to be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under or the Multicurrency Commitments). The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each The applicable Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan available to the Borrower by means of a credit to the Borrower’s general deposit account specified in Section 2.03(b)(vii) of the Borrower with the Administrative Agent (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as the case of a Swingline LenderLoan, shall make each applicable Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist denominated in Dollars, by 3:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided denominated in Section 2.05(f)a Foreign Currency, by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds prior to 3:00 p.m., New York City time pursuant to clause (x)London time, on the requested date of such Swingline Loan and (B) otherwise, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m., New York City time pursuant to clause (x), on the immediately succeeding Business Day after the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Form Of (SLR Investment Corp.)

Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent and each Swingline Lender of such request by telephone (confirmed by telecopy or electronic communicationtelecopy), (i) in the case of a Swingline Loan denominated in Dollars, not later than 2:00 p.m., New York City time, on the day of such proposed Swingline Loan, (ii) in the case of a Swingline Loan denominated in a Foreign Currency other than AUD, not later than 1:00 p.m., London time, on the day of such proposed Revolving Credit Agreement Swingline Loan, and (iii) in the case of a Swingline Loan denominated in AUD, not later than 1:00 p.m., London time, one Business Day prior to such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan (which (x) in the case of any Swingline Lender that is a Dollar Lender, shall be made under the Dollar Commitments and (y) in the case of any Swingline Lender that is a Multicurrency Lender, shall be made under the Multicurrency Commitments)Loan. The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each The Swingline Lender (other than Truist, in its capacity as a Swingline Lender) shall make each applicable Swingline Loan available to the Borrower by means of a credit to the Borrower’s general deposit account specified in Section 2.03(b)(vii) of the Borrower with the Swingline Lender (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the applicable Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such Swingline Loan. (x) Truist, in its capacity as the case of a Swingline Lenderdenominated in Dollars, shall make each applicable Swingline Loan available to the Administrative Agent to the account of the Administrative Agent most recently designated by it for such purpose by notice to Truist by 3:00 p.m., New York City time, on the requested date of such Swingline Loan and (y) the Administrative Agent shall make the proceeds of any Swingline Loan received by the Administrative Agent from Truist to the Borrower by means of a credit to the Borrower’s account specified in Section 2.03(b)(vii) (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided denominated in Section 2.05(f)a Foreign Currency, by remittance to the applicable Issuing Bank) promptly and, (A) solely to the extent the Administrative Agent receives such proceeds prior to 3:00 p.m., New York City time pursuant to clause (x)London time, on the requested date of such Swingline Loan and (B) otherwise, to the extent the Administrative Agent 747507610 22702620757699803.9 receives such proceeds after 3:00 p.m., New York City time pursuant to clause (x), on the immediately succeeding Business Day after the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Senior Secured (Apollo Investment Corp)

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