Common use of Procedure for Borrowing Swingline Loans Clause in Contracts

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender notice pursuant to a Notice of Swingline Borrowing or telephonic notice of each borrowing of a Swingline Loan. Each Notice of Swingline Borrowing shall be delivered to the Administrative Agent and such Swingline Lender no later than 9:00 a.m. Pacific time on the proposed date of such borrowing. Any telephonic notice shall include all information to be specified in a written Notice of Swingline Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Swingline Borrowing sent to such Swingline Lender by telecopy on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Pacific time on the date of the requested Swingline Loan and subject to satisfaction of the applicable conditions set forth in Section 6.2. for such borrowing, such Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office in immediately available funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower not later than 1:00 p.m. Pacific time on such date by depositing the same, in immediately available funds, in an account of the Borrower designated by the Borrower.

Appears in 3 contracts

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

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Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender notice pursuant to a Notice of Swingline Borrowing or telephonic notice of each borrowing of a Swingline Loan. Each Notice of Swingline Borrowing shall be delivered to the applicable Swingline Lender and the Administrative Agent and such Swingline Lender no later than 9:00 10:00 a.m. Pacific Eastern time on the proposed date of such borrowing. Any telephonic notice shall include all information to be specified in a written Notice of Swingline Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Swingline Borrowing sent to such the applicable Swingline Lender and the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Pacific 12:00 p.m. Eastern time on the date of the requested Swingline Loan and subject to satisfaction of Loan, the applicable conditions set forth in Section 6.2. for such borrowing, such Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office in Dollars, in immediately available funds, funds for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and satisfaction of the applicable conditions of this Agreementset forth in Section 5.2 for such borrowing, be made available to the Borrower not later than 1:00 p.m. Pacific time on such date by depositing the same, in immediately available funds, in an account of the Borrower designated by the BorrowerBorrower in the Notice of Swingline Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Select Income Reit)

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Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender notice pursuant to a Notice of Swingline Borrowing or telephonic notice of each borrowing of a Swingline Loan. Each Notice of Swingline Borrowing shall be delivered to the Administrative Agent and such Swingline Lender no later than 9:00 11:00 a.m. Pacific Eastern time on the proposed date of such borrowing. Any telephonic notice shall include all information to be specified in a written Notice of Swingline Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Swingline Borrowing sent to such the Swingline Lender and the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Pacific 1:00 p.m. Eastern time on the date of the requested Swingline Loan and subject to satisfaction of the applicable conditions set forth in Section 6.25.2. for such borrowingborrowing and the Swingline Lender’s determination in its sole discretion to make such Swingline Loan, such the Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office Borrower in immediately available funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the Borrower not later than 1:00 p.m. Pacific time on such date by depositing the sameDollars, in immediately available funds, in an at the account of specified by the Borrower designated by in the Borrower.Disbursement Instruction Agreement. (c)

Appears in 1 contract

Samples: Credit Agreement (Washington Real Estate Investment Trust)

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