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 11:00 a.m. (Charlotte, North Carolina 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 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 Borrower by 3:00 p.m. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Worldtex Inc)

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Notices; Disbursement. Whenever the The Borrower desires shall request a --------------------- Swingline Loan advance hereunder it shall give borrowing by written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender Agent not later than 11:00 a.m. 1:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advanceborrowing. Each such notice request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance borrowing (which shall be a Business Day) and (C) the aggregate principal amount of the Swingline Loan advance requestedto be borrowed. Each Swingline Loan 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 Borrower by 3:00 p.m. P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

Notices; Disbursement. Whenever the Borrower 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 11:00 a.m. A.M. (Charlotte, North Carolina 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 and Interest Period for the Swingline Loan advance requested. Each Swingline Loan 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 Borroweragree. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrower by 3:00 p.m. P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Navigant International 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 11:00 a.m. A.M. (Charlotte, North Carolina timeCarolina) 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 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 Borrower by 3:00 p.m. 2:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

Notices; Disbursement. Whenever the Borrower 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 11:00 a.m. A.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advanceLoan. 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 and Interest Period for the Swingline Loan advance requested. Each Swingline Loan 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 Borroweragree. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrower by 3:00 p.m. P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (C&d Technologies Inc)

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Notices; Disbursement. Whenever the The Borrower desires shall request a Swingline Loan advance hereunder it shall give borrowing by written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender Agent not later than 11:00 a.m. 1:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advanceborrowing. Each such notice request for borrowing shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance borrowing (which shall be a Business Day) and (C) the aggregate principal amount of the Swingline Loan advance requestedto be borrowed. Each Swingline Loan 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 Borrower by 3:00 p.m. P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (National Equipment Services Inc)

Notices; Disbursement. Whenever the Borrower desires a --------------------- Swingline Loan advance hereunder it hereunder, the Borrower shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 a.m. 1:00 P.M. (Charlotte, North Carolina 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 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 Borrowerset forth in clause (iii) below. The Swingline Lender shall initiate the transfer of funds representing the make each Swingline Loan advance available to the Borrower by 3:00 p.m. P.M., (Charlotte, North Carolina time) ), on the Business Day of the requested borrowingBorrowing.

Appears in 1 contract

Samples: Credit Agreement (Lincare Holdings Inc)

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