Common use of Notices; Disbursement Clause in Contracts

Notices; Disbursement. Whenever the Borrower desires a Swingline Loan advance hereunder it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 P.M. on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and (C) the principal amount of the Swingline Loan advance requested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower shall agree upon receipt by the Swingline Lender of any such notice from the Borrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account by 3:30 P.M. on the Business Day of the requested borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc)

AutoNDA by SimpleDocs

Notices; Disbursement. Whenever the Borrower desires The Borrowers shall request a Swingline Loan advance hereunder it shall give by written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 P.M. 11:00 a.m. on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and ), (C) the principal amount of the Swingline Loan advance requestedrequested and (D) that all of the conditions set forth in Section 5.2 are then satisfied. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower Borrowers shall agree upon receipt by the Swingline Lender of any such notice from the BorrowerBorrowers. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account Borrowers by 3:30 P.M. 3:00 p.m. on the Business Day of the requested borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Speedway Motorsports Inc), Credit Agreement (New Hampshire Motor Speedway, Inc.)

Notices; Disbursement. Whenever the Borrower desires a Swingline Loan advance hereunder it shall give written notice from an Executive Officer of the Borrower (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 1:00 P.M. (New York City time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and (C) the principal amount of the Swingline Loan advance requested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower shall agree upon receipt by the Swingline Lender of any such notice from the Borrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account Borrower by 3:30 3:00 P.M. (New York City time) on the Business Day of the requested borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Birds Eye Foods, Inc.), Credit Agreement (Agrilink Foods Inc)

Notices; Disbursement. Whenever the Borrower Company desires a Swingline Loan advance hereunder it shall give written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 1:00 P.M. (New York, New York time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and (C) the principal amount of the Swingline Loan advance requested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline an ABR Loan and shall have have, subject to clause (iii) below, such maturity date as the Swingline Lender and the Borrower Company shall agree upon receipt by the Swingline Lender of any such notice from the BorrowerCompany. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account Company by 3:30 3:00 P.M. (New York, New York time) on the Business Day of the requested borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

Notices; Disbursement. Whenever the Borrower desires a Swingline Loan advance hereunder it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 P.M. (Boston, Massachusetts time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and (C) the principal amount of the Swingline Loan advance requested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower shall agree upon receipt by the Swingline Lender of any such notice from the Borrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account by 3:30 P.M. (Boston, Massachusetts time) on the Business Day of the requested borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Autozone Inc), Credit Agreement (Autozone Inc)

AutoNDA by SimpleDocs

Notices; Disbursement. Whenever the Borrower desires The Borrowers shall request a Swingline Loan advance hereunder it shall give written notice by delivery of a Notice of Borrowing (or telephone notice promptly confirmed in writingby delivery of a Notice of Borrowing) to the Swingline Lender not later than 2:00 P.M. 11:00 a.m. on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and ), (C) the principal amount of the Swingline Loan advance requestedrequested and (D) that all of the conditions set forth in Section 5.2 are then satisfied. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower Borrowers shall agree upon receipt by the Swingline Lender of any such notice from the BorrowerBorrowers. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account Borrowers by 3:30 P.M. 3:00 p.m. on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Notices; Disbursement. Whenever the Borrower desires a Swingline Loan advance hereunder it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 2:00 P.M. 11:00 A.M. (New York City time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day) and (C) the principal amount of the Swingline Loan advance requested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrower shall agree upon receipt by the Swingline Lender of any such notice from the Borrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Master Account Borrower by 3:30 3:00 P.M. (New York City time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Cca Prison Realty Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!