Common use of Procedure for Borrowing Revolving Credit Loans Clause in Contracts

Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time, (i) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (ii) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (A) the amount and Type of Revolving Credit Loans to be borrowed, (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent in like funds as received by the Administrative Agent.

Appears in 8 contracts

Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.)

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Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City Toronto time, (i) three (3) Business Days prior to the requested Borrowing Date, in if all or any part of the case requested Revolving Credit Loans are to be initially Eurodollar Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, if all or any part of Eurodollar the requested Revolving Credit Loans are to be initially Money Market Loans or CDOR Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (Aw) the name of the relevant Borrower (if such notice is given by Kimco on behalf of a Borrower pursuant to Section 2.16) and the amount and Type of Revolving Credit Loans to be borrowed, (Bx) the requested Borrowing Date and, in the case of each Money Market Loan, the requested Money Market Loan Maturity Date, (y) whether the borrowing is to be of Eurodollar Loans, ABR Loans, Cdn Prime Loans, CDOR Loans, Money Market Loans or a combination thereof and (Cz) if the borrowing is to be entirely or partly of Eurodollar Loans or CDOR Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Periods therefor. Each borrowing under the Commitments shall be in a principal amount equal to (i) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of ABR Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate or Cdn Prime Loans, $1,000,000 500,000 or C$500,000 (as the case may be) or a whole multiple of $100,000 or C$100,000 (as the case may be) in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000C$500,000, such lesser amountCdn Dollar Amount) and (yii) in the case of Eurodollar Loans, CDOR Loans or Money Market Loans, $1,000,000 2,000,000 or C$2,000,000 (as the case may be) or a whole multiple of $1,000,000 100,000 or C$100,000 (as the case may be) in excess thereof, in each case subject to Section 2.2(e). Upon receipt of any such notice from the a Borrower, the Administrative Agent shall promptly notify each Lender thereofthereof and of the proposed Money Market Rate (if applicable). Each Lender will notify the Administrative Agent within one (1) Business Day prior to the requested Borrowing Date for any Money Market Loan as to whether or not such Lender is willing to accept the proposed Money Market Rate. If any Lender does not accept such proposed Money Market Rate, the Administrative Agent shall promptly notify the applicable Borrower, and that portion of the requested borrowing that was to constitute Money Market Loans will be deemed to be cancelled in its entirety with respect to all Lenders (and not merely with respect to any such non-accepting Lender). Each Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available (if such Lender is a Canadian Institution, from its U.S. Office, and if such Lender is a U.S. Institution, from its Canadian Office) to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent as specified to the Lenders by the Administrative Agent and prior to 12:00 noon1:00 P.M., New York City time (or in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time), on the Borrowing Date requested by the applicable Borrower in funds in the applicable currency and immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the applicable account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed four (4). In no event may the number of Money Market Loans requested in any calendar year exceed twelve (12).

Appears in 2 contracts

Samples: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. (a) The Borrower Company may borrow request a borrowing of Revolving Credit Loans under during the Commitment Period on any Working Day, if the Revolving Credit Commitments during the Revolving Credit Commitment Period Loans to be borrowed are Eurodollar Loans, or on any Business Day, provided if the Revolving Credit Loans to be borrowed are Alternate Base Rate Loans, by submitting an irrevocable Notice of Borrowing to the Multi-Currency Administrative Agent, specifying (i) the aggregate principal amount to be borrowed, (ii) the requested borrowing date, (iii) the Available Multi-Currency Commitment (after giving effect to the proposed borrowing), (iv) whether the Revolving Credit Loans to be borrowed are to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (v) if the Revolving Credit Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto; provided, however, that any Revolving Credit Loans to be made to the Borrower Company on the Closing Date shall give the Administrative Agent irrevocable be made as Alternate Base Rate Loans. Any such notice (which notice of borrowing must be received by the Multi-Currency Administrative Agent prior to 12:00 noon11:00 A.M., New York City time, (i) three Business Working Days prior to the requested Borrowing Dateborrowing date, in the case of Eurodollar Loans, or (ii) and one Business Day prior to the requested Borrowing Dateborrowing date, in the case of Alternate Base Rate Loans), specifying (A) the amount and Type . Each borrowing of Revolving Credit Loans shall, subject to be borrowedSection 7.7(g), (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an aggregate principal amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (in the case of Eurodollar Loans) or (y) the lesser of $2,500,000 (or, if less, the maximum amount which is then available to the Company pursuant to Section 3.1) or a whole multiple of $500,000 in excess thereof (in the case of Alternate Base Rate Loans). Upon receipt of any such notice from the Borrowernotice, the Multi-Currency Administrative Agent shall will promptly notify each Multi-Currency Lender thereof. Each Multi-Currency Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Multi-Currency Administrative Agent for at the account office of the Borrower Multi-Currency Administrative Agent specified in Section 14.2 (or at such other location as the Funding Office prior to 12:00 noonMulti-Currency Administrative Agent may direct), by 1:00 P.M., New York City time, on the Borrowing Date requested borrowing date, an amount equal to the Multi-Currency Commitment Percentage of such Multi-Currency Lender multiplied by the Borrower aggregate principal amount of the Revolving Credit Loans requested to be borrowed in Dollars, in funds immediately available to the Multi-Currency Administrative Agent. Such borrowing will then The proceeds of such Revolving Credit Loans received by the Multi-Currency Administrative Agent hereunder shall promptly be made available to the Borrower Company by the Multi-Currency Administrative Agent's crediting the account of the Company designated to the Multi-Currency Administrative Agent with the aggregate amount actually received by the Multi-Currency Administrative Agent from the Multi-Currency Lenders and in like funds as received by the Multi-Currency Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Revlon Consumer Products Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base Rate ABR Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 or 5,000,000or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed six (6). In no event may the number of Money Market Loans requested in any calendar year exceed twenty-four (24).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base Rate ABR Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed six (6). In no event may the number of Money Market Loans requested in any calendar year exceed twenty-four (24).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. (a) The Borrower Company may borrow request a borrowing of Revolving Credit Loans under during the Commitment Period on any Working Day, if the Revolving Credit Commitments during the Revolving Credit Commitment Period Loans to be borrowed are Eurodollar Loans, or on any Business Day, provided if the Revolving Credit Loans to be borrowed are Alternate Base Rate Loans, by submitting an irrevocable Notice of Borrowing to the Multi-Currency Administrative Agent, specifying (i) the aggregate principal amount to be borrowed, (ii) the requested borrowing date, (iii) the Available Multi-Currency Commitment (after giving effect to the proposed borrowing), (iv) whether the Revolving Credit Loans to be borrowed are to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (v) if the Revolving Credit Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto; provided, however, that any Revolving Credit Loans to be made to the Borrower Company on the Closing Date shall give the Administrative Agent irrevocable be made as Alternate Base Rate Loans. Any such notice (which notice of borrowing must be received by the Multi-Currency Administrative Agent prior to 12:00 noon11:00 A.M., New York City time, (i) three Business Working Days prior to the requested Borrowing Dateborrowing date, in the case of Eurodollar Loans, or (ii) and one Business Day prior to the requested Borrowing Dateborrowing date, in the case of Alternate Base Rate Loans), specifying (A) the amount and Type . Each borrowing of Revolving Credit Loans shall, subject to be borrowedSection 7.7(g), (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an aggregate principal amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (in the case of Eurodollar Loans) or (y) the lesser of $2,500,000 (or, if less, the maximum amount which is then available to the Company pursuant to Section 3.1) or a whole multiple of $500,000 in excess thereof (in the case of Alternate Base Rate Loans). Upon receipt of any such notice from the Borrowernotice, the Multi-Currency Administrative Agent shall will promptly notify each Multi-Currency Lender thereof. Each Multi-Currency Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Multi-Currency Administrative Agent for at the account office of the Borrower Multi-Currency Administrative Agent specified in Section 14.2 (or at such other location as the Funding Office prior to 12:00 noonMulti-Currency Administrative Agent may direct), by 1:00 P.M., New York City time, on the Borrowing Date requested borrowing date, an amount equal to the Multi-Currency Commitment Percentage of such Multi-Currency Lender multiplied by the Borrower aggregate principal amount of the Revolving Credit Loans requested to be borrowed in Dollars, in funds immediately available to the Multi-Currency Administrative Agent. Such borrowing will then The proceeds of such Revolving Credit Loans received by the Multi-Currency Administrative Agent hereunder shall promptly be made available to the Borrower Company by the Multi-Currency Administrative Agent’s crediting the account of the Company designated to the Multi-Currency Administrative Agent with the aggregate amount actually received by the Multi-Currency Administrative Agent from the Multi-Currency Lenders and in like funds as received by the Multi-Currency Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Revlon Consumer Products Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans, Canadian Prime Rate Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base ABR Loans or Canadian Prime Rate Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed six (6). In no event may the number of Money Market Loans requested in any calendar year exceed thirty (30).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one on the Business Day prior to which is the requested Borrowing Date, in if the case of Base requested Revolving Credit Loans are to be initially ABR Loans or Canadian Prime Rate Loans), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans, Canadian Prime Rate Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base ABR Loans or Canadian Prime Rate Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed six (6). In no event may the number of Money Market Loans requested in any calendar year exceed thirty (30).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior 193 to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base Rate ABR Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 or 5,000,000or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed six (6). In no event may the number of Money Market Loans requested in any calendar year exceed twenty-four (24).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. (a) The Borrower Company may borrow request a borrowing of Revolving Credit Loans under during the Commitment Period on any Working Day, if the Revolving Credit Commitments during the Revolving Credit Commitment Period Loans to be borrowed are Eurodollar Loans, or on any Business Day, if the Revolving Credit Loans to be borrowed are Alternate Base Rate Loans, by giving irrevocable notice to the Administrative Agent, specifying (i) the aggregate principal amount to be borrowed, (ii) the requested borrowing date, (iii) whether the Revolving Credit Loans to be borrowed are to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (iv) if the Revolving Credit Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto; provided that any Revolving Credit Loans to be made to the Borrower Company on the Closing Date shall give the Administrative Agent irrevocable be made as Alternate Base Rate Loans. Any such notice (which notice of borrowing must be received by the Administrative Agent prior to 12:00 noon11:00 A.M., New York City time, (i) three Business Working Days prior to the requested Borrowing Dateborrowing date, in the case of Eurodollar Loans, or (ii) and one Business Day prior to the requested Borrowing Dateborrowing date, in the case of Alternate Base Rate Loans), specifying (A) the amount and Type . Each borrowing of Revolving Credit Loans shall, subject to be borrowedsubsection 10.8(h), (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an aggregate principal amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (in the case of Eurodollar Loans) or (y) the lesser of $5,000,000 (or, if less, the maximum amount which is then available to the Company pursuant to subsection 5.1(a)) or a whole multiple of $1,000,000 in excess thereof (in the case of Alternate Base Rate Loans). Upon receipt of any such notice from the Borrowernotice, the Administrative Agent shall will promptly notify each Multi-Currency Lender thereof. Each Multi-Currency Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for at the account office of the Borrower Administrative Agent specified in subsection 17.3 (or at such other location as the Funding Office prior to 12:00 noonAdministrative Agent may direct), by 1:00 P.M., New York City time, on the Borrowing Date requested by borrowing date, an amount equal to the Borrower Multi-Currency Commitment Percentage of such Multi- Currency Lender times the aggregate principal amount of the Revolving Credit Loans requested to be borrowed in Dollars, in funds immediately available to the Administrative Agent. Such borrowing will then The proceeds of such Revolving Credit Loans received by the Administrative Agent hereunder shall promptly be made available to the Borrower Company by the Administrative Agent's crediting the account of the Company designated to the Administrative Agent with the aggregate amount actually received by the Administrative Agent from the Multi-Currency Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Revlon Worldwide Parent Corp)

Procedure for Borrowing Revolving Credit Loans. (a) The Borrower Company may borrow request a borrowing of Revolving Credit Loans under during the Commitment Period on any Working Day, if the Revolving Credit Commitments during the Revolving Credit Commitment Period Loans to be borrowed are Eurodollar Loans, or on any Business Day, provided that if the Borrower shall give Revolving Credit Loans to be borrowed are Alternate Base Rate Loans, by submitting an irrevocable (other than in the case of the notices given in respect of the Closing Date which may be conditioned upon the consummation of the Colomer Acquisition) notice to the Administrative Agent irrevocable at least one (1) Business Day prior thereto, which notice shall be in substantially the form of Exhibit H ( a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed (and whether such amount is the Acquisition Borrowing), (ii) the requested borrowing date (which in the case of the Acquisition Borrowing shall be the Closing Date), (iii) the Excess Availability (after giving effect to the proposed borrowing), other than in the case of the Acquisition Borrowing, (iv) whether the Revolving Credit Loans to be borrowed are to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (v) if the Revolving Credit Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto. Any such notice of borrowing must be received by the Administrative Agent prior to 12:00 noon11:00 A.M., New York City time, three (i3) three Business Working Days prior to the requested Borrowing Dateborrowing date, in the case of Eurodollar Loans, or and one (ii1) one Business Day prior to the requested Borrowing Dateborrowing date, in the case of Alternate Base Rate Loans); provided, specifying (A) however, that if the amount Swing Line Lender has resigned, and Type not yet been replaced pursuant to Section 13.7, the notices of borrowing with respect to Alternate Base Rate Loans must be received by the Administrative Agent prior to 11:00 A.M., New York City time on the requested borrowing date. Each borrowing of Revolving Credit Loans shall, subject to be borrowedSection 7.7(g), (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an aggregate principal amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (in the case of Eurodollar Loans) or (y) $2,500,000 (or, if less, the maximum amount which is then available to the Company pursuant to Section 3.1) or a whole multiple of $500,000 in excess thereof (in the case of Alternate Base Rate Loans). Upon receipt of any such notice from the Borrowernotice, the Administrative Agent shall will promptly notify each Multi-Currency Lender thereof. Each Multi-Currency Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for in immediately available funds at the account office of the Borrower Administrative Agent specified in Section 14.2 (or at such other location as the Funding Office prior to 12:00 noonAdministrative Agent may direct), by 1:00 P.M., New York City time, on the Borrowing Date requested borrowing date, an amount equal to the Commitment Percentage of such Multi-Currency Lender multiplied by the Borrower aggregate principal amount of the Revolving Credit Loans requested to be borrowed in Dollars, in funds immediately available to the Administrative Agent. Such borrowing will then The proceeds of such Revolving Credit Loans received by the Administrative Agent hereunder shall promptly be made available to the Borrower Company by the Administrative Agent’s crediting the account of the Company designated to the Administrative Agent with the aggregate amount actually received by the Administrative Agent from the Multi-Currency Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Revlon Consumer Products Corp)

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Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time, (i) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar SOFR Loans, or (ii) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (A) the amount and Type of Revolving Credit Loans to be borrowed, (B) the requested Borrowing Date and (C) in the case of Eurodollar SOFR Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar SOFR Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar SOFR Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time, (i) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar EurodollarSOFR Loans, or (ii) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (A) the amount and Type of Revolving Credit Loans to be borrowed, (B) the requested Borrowing Date and (C) in the case of Eurodollar EurodollarSOFR Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar EurodollarSOFR Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar EurodollarSOFR Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Procedure for Borrowing Revolving Credit Loans. The Borrower Borrowers may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the applicable Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three (3) Business Days (or, in the case of any requested Borrowing in an Alternate Currency, four (4) Business Days) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurocurrency Loans, (ii) two (2) Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Money Market Loans, or (iiiii) one (1) Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (A) the aggregate amount and Type of Revolving Credit Loans to be borrowed, (B) whether the amount to be borrowed will use the Tranche A Commitments or the Tranche B Commitments or, if a combination thereof, indicating the respective amounts thereof, (C) the requested Borrowing Date and (C) and, in the case of Eurodollar each Money Market Loan, the requested Money Market Loan Maturity Date, (D) whether the borrowing is to be of Eurocurrency Loans, ABR Loans, Money Market Loans or a combination thereof, (E) if a Eurocurrency Loan, the length currency of such requested Revolving Credit Loan (which must be Dollars in the case of Revolving Credit Loans using the Tranche A Commitments), and (F) if the borrowing is to be entirely or partly of Eurocurrency Loans the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base Rate ABR Loans, $1,000,000 500,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (yii) in the case of Eurodollar Eurocurrency Loans or Money Market Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereofthereof or the Dollar Equivalent in an Alternate Currency, in each case subject to Section 2.2(e). Upon receipt of any such notice from the applicable Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon1:00 P.M., New York City timetime (or (i) in the case of Money Market Loans having a Money Market Loan Maturity Date of six (6) days or less from the relevant Borrowing Date, 3:00 P.M., New York City time and (ii) in the case of an Alternate Currency Borrowing, local time for the principal market of such currency), on the Borrowing Date requested by the applicable Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the applicable Borrower by the Administrative Agent crediting the account of the applicable Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month exceed four (4). In no event may the number of Money Market Loans requested in any calendar year exceed eighteen (18).

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon10:00 A.M., New York City time, (i) three Business Days prior to the requested Borrowing Date, in if all or any part of the case requested Revolving Credit Loans are to be initially Eurodollar Loans or Money Market Loans having a Money Market Loan Maturity Date of Eurodollar Loansmore than six days from the relevant Borrowing Date, (ii) two Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially C/D Rate Loans or Money Market Loans having a Money Market Loan Maturity Date of six days or less from the relevant Borrowing Date, or (iiiii) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loansotherwise), specifying (Aw) the amount and Type of Revolving Credit Loans to be borrowed, (Bx) the requested Borrowing Date and (C) and, in the case of each Money Market Loan, the requested Money Market Loan Maturity Date, (y) whether the borrowing is to be of Eurodollar Loans, ABR Loans, C/D Rate Loans, Money Market Loans or a combination thereof and (z) if the length borrowing is to be entirely or partly of Eurodollar Loans or C/D Rate Loans, the respective amounts of each such Type of Revolving Credit Loan and the respective lengths of the initial Interest Period Periods therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (xi) in the case of Base Rate ABR Loans, $1,000,000 500,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (yii) in the case of Eurodollar Loans, C/D Rate Loans or Money Market Loans, $1,000,000 3,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata share of each such borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon11:00 A.M., New York City time (or in the case of Money Market Loans having a Money Market Loan Maturity Date of six days or less from the relevant Borrowing Date, 3:00 P.M., New York City time), on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. In no event may the number of Money Market Loans requested in any calendar month pursuant to this Section 2.2(d) exceed seven.

Appears in 1 contract

Samples: Credit Agreement (Kimco Realty Corp)

Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time, (i) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (ii) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (A) the amount and Type of Revolving Credit Loans to be borrowed, (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its pro rata prorata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (B&G Foods, Inc.)

Procedure for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments pursuant to Section 2.1 on any Business Day during the Revolving Credit Commitment Availability Period on any Business Day, provided that the Borrower and shall give the Administrative Agent irrevocable written notice (which in the form of Exhibit F) of each borrowing. The notice must be received by the Administrative Agent (a) prior to 12:00 noon10:00 A.M., New York City time, (i) three Business Days prior to the requested Borrowing Date, in if all or any part of the case of requested Revolving Credit Loans are to be Eurodollar Loans, or and (iib) prior to 2:00 p.m., New York City time, one Business Day prior to the requested Borrowing Date, in if all of the case of requested Revolving Credit Loans are to be Base Rate Loans), specifying Loans and must specify (Ai) the amount and Type of Revolving Credit Loans to be borrowed, (Bii) the requested Borrowing Date Date, (iii) the general purpose of the borrowing, (iv) whether the borrowing is to be of Eurodollar Loans, Base Rate Loans or a combination thereof, and (Cv) in if the case borrowing is to be entirely or partly of Eurodollar Loans, the length respective amounts of such Type of Loan and the respective lengths of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any Periods for such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such borrowing notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereofof such notice. Each Lender will shall make its Pro Rata Share of the amount of its pro rata share of funds for each borrowing of Revolving Credit Loans Loan available to the Administrative Agent in immediately available United States dollars for the account of the Borrower at the Funding Office office of the Administrative Agent specified in Section 10.2 prior to 12:00 noon11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower in Borrower. The United States dollar funds immediately made available to the Administrative Agent. Such borrowing Agent for any Loan will then be made available by 1:00 P.M., New York City time, to the Borrower by credit to a deposit account of the Borrower maintained at such office or as the Borrower and Administrative Agent in like funds as received by the Administrative Agentmay otherwise agree.

Appears in 1 contract

Samples: Credit Agreement (Usi Holdings Corp)

Procedure for Borrowing Revolving Credit Loans. (a) The Borrower Company may borrow request a borrowing of Revolving Credit Loans under during the Commitment Period on any Working Day, if the Revolving Credit Commitments during the Revolving Credit Commitment Period Loans to be borrowed are Eurodollar Loans, or on any Business Day, provided that if the Borrower shall give Revolving Credit Loans to be borrowed are Alternate Base Rate Loans, by submitting an irrevocable (other than in the case of the notices given in respect of the Acquisition Borrowing which may be conditioned upon the consummation of the Colomer Acquisition) notice to the Administrative Agent irrevocable notice (at least one Business Day prior thereto, which notice shall be in substantially the form of Exhibit H ( a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed (and whether such amount is the Acquisition Borrowing), (ii) the requested borrowing date (which, in the case of the Acquisition Borrowing, shall be the Acquisition Borrowing Closing Date), (iii) the Excess Availability (after giving effect to the proposed borrowing), other than in the case of the Acquisition Borrowing, (iv) whether the Revolving Credit Loans to be borrowed are to be Eurodollar Loans or Alternate Base Rate Loans or a combination thereof and, if a combination, the respective aggregate amount of each type of borrowing and (v) if the Revolving Credit Loans to be borrowed are Eurodollar Loans, the length of the Interest Period or Interest Periods applicable thereto. Any such notice of borrowing must be received by the Administrative Agent prior to 12:00 noon11:00 A.M., New York City time, (i) three Business Working Days prior to the requested Borrowing Dateborrowing date, in the case of Eurodollar Loans, or (ii) and one Business Day prior to the requested Borrowing Dateborrowing date, in the case of Alternate Base Rate Loans); provided, specifying (A) however, that if the amount Swing Line Lender has resigned, and Type not yet been replaced pursuant to Section 13.7, the notices of borrowing with respect to Alternate Base Rate Loans must be received by the Administrative Agent prior to 11:00 A.M., New York City time, on the requested borrowing date. Each borrowing of Revolving Credit Loans shall, subject to be borrowedSection 7.7(g), (B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an aggregate principal amount equal to (x) in the case of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (in the case of Eurodollar Loans) or (y) $2,500,000 (or, if less, the maximum amount which is then available to the Company pursuant to Section 3.1) or a whole multiple of $500,000 in excess thereof (in the case of Alternate Base Rate Loans). Upon receipt of any such notice from the Borrowernotice, the Administrative Agent shall will promptly notify each Multi-Currency Lender thereof. Each Multi-Currency Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative Agent for in immediately available funds at the account office of the Borrower Administrative Agent specified in Section 14.2 (or at such other location as the Funding Office prior to 12:00 noonAdministrative Agent may direct), by 1:00 P.M., New York City time, on the Borrowing Date requested borrowing date, an amount equal to the Commitment Percentage of such Multi-Currency Lender multiplied by the Borrower aggregate principal amount of the Revolving Credit Loans requested to be borrowed in Dollars, in funds immediately available to the Administrative Agent. Such borrowing will then The proceeds of such Revolving Credit Loans received by the Administrative Agent hereunder shall promptly be made available to the Borrower Company by the Administrative Agent’s crediting the account of the Company designated to the Administrative Agent with the aggregate amount actually received by the Administrative Agent from the Multi-Currency Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Revlon Consumer Products Corp)

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