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 Swingline Lender of such request by telephone (confirmed by telecopy of a Request for Loan to the Swingline Lender with an information copy to the Administrative Agent), not later than 12:00 noon, New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. The Swingline Lender shall make such Swingline Loan available to the Borrower by wire transfer to an account designated by the Borrower (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 relevant Issuing Lender) by 3:00 p.m. New York City time, on the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

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Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Swingline Lender Administrative Agent of such request by telephone (confirmed by telecopy of a Request for Loan to the Swingline Lender with an information copy to the Administrative Agenttelecopy), not later than 12:00 noon1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline LoanLoan and the Swingline Lender or Lenders from which the Borrower wishes to borrow such Swingline Loans. The Administrative Agent will promptly advise the relevant Swingline Lenders of any such notice received from the Borrower. Each relevant Swingline Lender shall make such each Swingline Loan to be made by it available to the Borrower by wire transfer means of a credit to an the general deposit account designated by of the Borrower (or, in the case of a with such Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f), by remittance to the relevant Issuing Lender) Lender by 3:00 p.m. p.m., New York City time, on the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Credit Agreement (Washington Mutual Inc)

Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the relevant Borrower shall notify the Swingline Lender Administrative Agent of such request by telephone (confirmed by telecopy of a Request for Loan to the Swingline Lender with an information copy to the Administrative Agenttelecopy), not later than 12:00 noon1:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline LoanLoan and the Swingline Lender or Lenders from which the Borrower wishes to borrow such Swingline Loans. The Administrative Agent will promptly advise the relevant Swingline Lenders of any such notice received from such Borrower. Each relevant Swingline Lender shall make each Swingline Loan to be made by it available to such Borrower by means of a credit to the general deposit account of such Borrower with such Swingline Loan available to the Borrower by wire transfer to an account designated by the Borrower (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 relevant Issuing Lender) Lender by 3:00 p.m. p.m., New York City time, on the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Credit Agreement (Washington Mutual Inc)

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Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Swingline Lender of such request by telephone (confirmed by telecopy of a Request for Loan to the Swingline Lender with an information copy to the Administrative Agent), not later than 12:00 noon, New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. The Swingline Lender shall make such Swingline Loan available to the Borrower by wire transfer to an account a Concentration Account designated by the Borrower (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 relevant Issuing Lender) by 3:00 p.m. New York City time, on the requested date of such Swingline Loan.

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

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