Common use of Procedure for Borrowing Notices of Borrowing Notices of Continuation Notices of Conversion Clause in Contracts

Procedure for Borrowing Notices of Borrowing Notices of Continuation Notices of Conversion. (a) Each borrowing of Revolving Credit Loans (each, a “Borrowing”) shall be made on notice, given not later than 12:00 Noon (New York time) on the third Business Day prior to the date of the proposed Borrowing in the case of a LIBOR Rate Advance, and not later than 12:00 Noon (New York time) on the date of the proposed Borrowing in the case of a Base Rate Advance, by the Borrower to the Agent. Each such notice of a Borrowing shall be by telephone, confirmed immediately in writing (by telecopier or otherwise as permitted hereunder), substantially in the form of Exhibit H (a “Notice of Borrowing”), specifying therein the requested (i) date of such Borrowing, (ii) Type of Advance comprising such Borrowing, (iii) aggregate principal amount of such Borrowing, (iv) Interest Period, in the case of a LIBOR Rate Advance, and (v) Borrower’s Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Hooper Holmes Inc)

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Procedure for Borrowing Notices of Borrowing Notices of Continuation Notices of Conversion. (a) Each Except as specified in Section 2.2(f), each borrowing of Revolving Credit Loans a Loan (each, a “Borrowing”) shall be made on notice, given not later than 12:00 Noon (New York time) on the third Business Day prior to the date of the proposed Borrowing in the case of a LIBOR Rate Advance, and not later than 12:00 Noon (New York time) on the date of the proposed Borrowing in the case of a Base Rate Advance, by the Borrower to the AgentLender. Each such notice of a Borrowing shall be by telephone, confirmed immediately in writing (by telecopier or otherwise as permitted hereunder), substantially in the form of Exhibit H D (a “Notice of Borrowing”), specifying therein the requested (i) date of such Borrowing, (ii) Type of Advance comprising such Borrowing, (iii) aggregate principal amount of such Borrowing, Borrowing and (iv) Interest Period, in the case of a LIBOR Rate Advance, and (v) Borrower’s Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Grand Toys International LTD)

Procedure for Borrowing Notices of Borrowing Notices of Continuation Notices of Conversion. (a) Each borrowing of Revolving Credit Loans (each, a "Borrowing") shall be made on notice, given not later than 12:00 Noon (New York Chicago time) on the third Business Day prior to the date of the proposed Borrowing in the case of a LIBOR Rate Advance, and not later than 12:00 Noon (New York Chicago time) on the date of the proposed Borrowing in the case of a Base Rate Advance, by the Administrative Borrower to the AgentLender. Each such notice of a Borrowing shall be by telephone, confirmed immediately in writing (by telecopier or otherwise as permitted hereunder), substantially in the form of Exhibit H F (a "Notice of Borrowing"), specifying therein the requested (i) date of such Borrowing, (ii) Type of Advance comprising such Borrowing, (iii) aggregate principal amount of such Borrowing, Borrowing and (iv) Interest Period, in the case of a LIBOR Rate Advance, and (v) Borrower’s Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Del Global Technologies Corp)

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Procedure for Borrowing Notices of Borrowing Notices of Continuation Notices of Conversion. (a) Each borrowing of Revolving Credit Loans (each, a "Borrowing") shall be made on notice, given not later than 12:00 Noon (New York time) on the third Business Day prior to the date of the proposed Borrowing in the case of a LIBOR Rate Advance, and not later than 12:00 Noon (New York time) on the date of the proposed Borrowing in the case of a Base Rate Advance, by the Administrative Borrower to the AgentLender. Each such notice of a Borrowing shall be by telephone, confirmed immediately in writing (by telecopier or otherwise as permitted hereunder), substantially in the form of Exhibit H G (a "Notice of Borrowing"), specifying therein the requested (i) date of such Borrowing, (ii) Type of Advance comprising such Borrowing, (iii) aggregate principal amount of such Borrowing, Borrowing and (iv) Interest Period, in the case of a LIBOR Rate Advance, and (v) Borrower’s Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Del Global Technologies Corp)

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