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 Swingline Lender selected by the Borrower to make a Swingline Loan 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 no later than 10:00 a.m. 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 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. Eastern time on the date of the requested Swingline Loan, the applicable 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 for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, be made available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Diversified Healthcare Trust), Signature (Diversified Healthcare Trust), Credit Agreement (Diversified Healthcare Trust)

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Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the Swingline Lender selected by the Borrower to make a Swingline Loan 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 no later than 10:00 a.m. 2:00 p.m. 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 the applicable such 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. Eastern time on On the date of the requested Swingline LoanLoan and subject to satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, the applicable 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 satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, be made available to the Borrower no not later than 12:00 p.m. Eastern time 11:00 a.m. on such date if the applicable Swingline Lender and the Administrative Agent received such Notice of Swingline Borrowing by depositing same9:00 a.m. on such date, in immediately available fundsand otherwise not later than 4:00 p.m. on such date, in an at the account of the Borrower designated specified by the Borrower in the Disbursement Instruction AgreementNotice of Swingline Borrowing.

Appears in 6 contracts

Samples: Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust), Credit Agreement (Service Properties Trust)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender selected by the Borrower to make a Swingline Loan 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 such Swingline Lender and the Administrative Agent no later than 10:00 a.m. Eastern time 12:00 p.m. 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 the applicable such Swingline Lender and the Administrative Agent by telecopy telecopy, electronic mail or other similar form of communication on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Eastern time 1:00 p.m. on the date of the requested Swingline Loan, the applicable Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office in Dollars, Dollars in immediately available funds funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the satisfaction of the applicable conditions set forth in Section 5.2. 6.2 for such borrowing, be made make the amount so received available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, the same in Dollars in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction Agreement.

Appears in 3 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender selected by the Borrower to make a Swingline Loan 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 such Swingline Lender and the Administrative Agent no later than 10:00 a.m. Eastern time 12:00 p.m. 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 the applicable such Swingline Lender and the Administrative Agent by telecopy telecopy, electronic mail or other similar form of communication on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Eastern time 1:00 p.m. on the date of the requested Swingline Loan, the applicable Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office in Dollars, Dollars in immediately available funds funds, for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the satisfaction of the applicable conditions set forth in Section 5.26.2. for such borrowing, be made make the amount so received available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, the same in Dollars in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction Agreement.

Appears in 2 contracts

Samples: Credit Agreement (RLJ Lodging Trust), Credit Agreement (RLJ Lodging Trust)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the Swingline Lender selected by the Borrower to make a Swingline Loan 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 Administrative Agent and such Swingline Lender and the Administrative Agent no later than 10:00 a.m. Eastern time 1:00 p.m. on the proposed date of such borrowing. Any telephonic such notice given telephonically 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 the applicable Administrative Agent and such Swingline Lender and the Administrative Agent by telecopy or electronic mail on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Eastern time on On the date of the requested Swingline LoanLoan and subject to satisfaction of the applicable conditions set forth in Article V. for such borrowing, the applicable Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent no later than 3:00 p.m. on such date at its Principal Office in DollarsOffice, in immediately available funds funds, for the account of the Borrower. The amount so received by Not later than 4:00 p.m. on the Administrative Agent shall, date of the requested Swingline Loan and subject to the satisfaction of the applicable conditions set forth in Section 5.2. Article V. for such borrowing, be made the Administrative Agent will make the proceeds of such Swingline Loan available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, in Dollars in immediately available funds, funds by depositing them in an the account of the Borrower designated specified by the Borrower in the Disbursement Instruction Authorization Agreement.. ​

Appears in 1 contract

Samples: Credit Agreement (CubeSmart, L.P.)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the Swingline Lender selected by the Borrower to make a Swingline Loan 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 no later than 10:00 9:00 a.m. Eastern time on the proposed date of such borrowingborrowing and designate the applicable Swingline Lender selected by the Borrower to make such Swingline Loan. 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 the applicable Swingline Lender and the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. Promptly after receipt of a Notice of Swingline Borrowing from the Borrower, the Administrative Agent shall give prompt notice of such borrowing to the Swingline Lender selected by the Borrower to make such Swingline Loan. Not later than 11:00 10:00 a.m. Eastern time on the date of the requested Swingline LoanLoan and subject to satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, the applicable 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 for the account of the Borrower. The amount so received by the Administrative Agent shall, subject to the satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, be made available to the Borrower no later than 12:00 p.m. 11:00 a.m. Eastern time on such date by depositing same, in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction Agreement.

Appears in 1 contract

Samples: Credit Agreement (National Retail Properties, Inc.)

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Procedure for Borrowing Swingline Loans. The Borrower Borrowers shall give the Administrative Agent and the applicable Swingline Lender selected by the Borrower to make a Swingline Loan 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 such Swingline Lender and the Administrative Agent no later than 10:00 a.m. Eastern 1:00 p.m. Central 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 Borrowers pursuant to a Notice of Swingline Borrowing sent to the applicable such Swingline Lender and the Administrative Agent by telecopy or electronic communication on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Eastern 3:00 p.m. Central time on the date of the requested Swingline Loan, Loan and subject to satisfaction or waiver of the applicable conditions set forth in Section 5.02 for such borrowing, such Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent at its Principal Office Borrowers in Dollars, in immediately available funds for funds, at the account of the Borrower. The amount so received specified by the Administrative Agent Borrowers in the Notice of Swingline Borrowing. Swingline Loans shall, as of any date of determination, first, be available from Xxxxx Fargo in its capacity as a Swingline Lender in an amount not to exceed its Swingline Availability as of such date, and, if Xxxxx Fargo’s Swingline Availability in its capacity as a Swingline Lender as of such date shall be zero, second, be available in equal amounts from the other Swingline Lenders, in each case subject to the satisfaction terms of the applicable conditions set forth in this Section 5.2. for such borrowing, be made available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction Agreement2.03.

Appears in 1 contract

Samples: Credit Agreement (General Growth Properties, Inc.)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the applicable Swingline Lender selected by the Borrower to make a Swingline Loan 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 no later than 10:00 9:00 a.m. Eastern 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 the applicable Swingline Lender and the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. Each Swingline Lender shall deposit an amount equal to the Swingline Loan being requested to be made by such Swingline Lender to the Borrower with the Administrative Agent at the Principal Office, in immediately available funds not later than 10:30 a.m. Pacific time on the date of such proposed Swingline Loan. Not later than 11:00 a.m. Eastern 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, the Administrative Agent shall make available to the Borrower in the account specified in the Disbursement Instruction Agreement, not later than 11:00 a.m. Pacific time on the date of the requested Swingline Loan, the applicable 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 for the account of the Borrower. The amount so amounts received by the Administrative Agent shall, subject to the satisfaction of the applicable conditions set forth in Section 5.2. for such borrowing, be made available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, in immediately available funds, in an account of the Borrower designated by the Borrower in the Disbursement Instruction AgreementAgent.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, L.P.)

Procedure for Borrowing Swingline Loans. The Borrower shall give the Administrative Agent and the Swingline Lender selected by the Borrower to make a Swingline Loan 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 Administrative Agent and such Swingline Lender and the Administrative Agent no later than 10:00 a.m. Eastern time 1:00 p.m. on the proposed date of such borrowing. Any telephonic such notice given telephonically 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 the applicable Administrative Agent and such Swingline Lender and the Administrative Agent by telecopy or electronic mail on the same day of the giving of such telephonic notice. Not later than 11:00 a.m. Eastern time on On the date of the requested Swingline LoanLoan and subject to satisfaction of the applicable conditions set forth in Article V. for such borrowing, the applicable Swingline Lender will make the proceeds of such Swingline Loan available to the Administrative Agent no later than 3:00 p.m. on such date at its Principal Office in DollarsOffice, in immediately available funds funds, for the account of the Borrower. The amount so received by Not later than 4:00 p.m. on the Administrative Agent shall, date of the requested Swingline Loan and subject to the satisfaction of the applicable conditions set forth in Section 5.2. Article V. for such borrowing, be made the Administrative Agent will make the proceeds of such Swingline Loan available to the Borrower no later than 12:00 p.m. Eastern time on such date by depositing same, in Dollars in immediately available funds, funds by depositing them in an the account of the Borrower designated specified by the Borrower in the Disbursement Instruction Authorization Agreement.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (CubeSmart, L.P.)

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