Common use of Procedure for Borrowing Term Loans Clause in Contracts

Procedure for Borrowing Term Loans. (a) The Company may request a borrowing under the Term Loan Commitments on the Closing Date, subject to Section 2.1, by giving irrevocable notice to the Administrative Agent at least one Business Day prior thereto, which notice shall be in substantially the form of Exhibit H-1 (a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed and (ii) the Closing Date. Upon receipt of any such notice, the Administrative Agent will promptly notify each Lender thereof. Each Lender will make available to the Administrative Agent in immediately available funds at the office of the Administrative Agent specified in Section 14.2 (or at such other location as the Administrative Agent may direct), by 1:00 P.M., New York City time, on the Closing Date an amount equal to the Commitment Percentage of such Lender multiplied by the aggregate principal amount of the Term Loans requested to be made on the Closing Date in Dollars, in funds immediately available to the Administrative Agent. The proceeds of the Term Loans received by the Administrative Agent hereunder on the applicable borrowing date shall promptly be made available to the 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 Lenders and in like funds as received by the Administrative Agent.

Procedure for Borrowing Term Loans. (a) The Company may request a borrowing under the Term Loan Commitments on the Closing Effective Date, subject to Section 2.1, by giving irrevocable notice to the Administrative Agent at least one Business Day prior thereto, which notice shall be in substantially the form of Exhibit H-1 H (a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed and (ii) the Closing Effective Date. Upon receipt of any such notice, the Administrative Agent will promptly notify each Lender thereof. Each Lender will make available to the Administrative Agent in immediately available funds at the office of the Administrative Agent specified in Section 14.2 (or at such other location as the Administrative Agent may direct), by 1:00 P.M., New York City time, on the Closing Effective Date an amount equal to the Commitment Percentage of such Lender multiplied by the aggregate principal amount of the Term Loans requested to be made on the Closing Effective Date in Dollars, in funds immediately available to the Administrative Agent. The proceeds of the Term Loans received by the Administrative Agent hereunder on the applicable borrowing date shall promptly be made available to the 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 Lenders and in like funds as received by the Administrative Agent.

Procedure for Borrowing Term Loans. (a) The Company may request a borrowing under of the Term Loan Commitments Loans on the Closing Date, subject to Section 2.1, by giving 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 at least one (1) Business Day prior thereto, which notice shall be in substantially the form of Exhibit H-1 H (a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed and (ii) the proposed Closing Date. Upon receipt of any such notice, the Administrative Agent will promptly notify each Lender thereof. Each Lender will make available to the Administrative Agent in immediately available funds at the office of the Administrative Agent specified in Section 14.2 (or at such other location as the Administrative Agent may direct), by 1:00 P.M., New York City time, on the Closing Date an amount equal to the Commitment Percentage of such Lender multiplied by the aggregate principal amount of the Term Loans requested to be made on the Closing Date in Dollars, in funds immediately available to the Administrative Agent. The proceeds of the Term Loans received by the Administrative Agent hereunder on the applicable borrowing date shall promptly be made available to the 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 Lenders and in like funds as received by the Administrative Agent.

Procedure for Borrowing Term Loans. (aii) The Company may request a borrowing under of the Term Loan Commitments on the Closing DateLoans of any tranche, subject to Section 2.1, by giving irrevocable (other than in the case of the notices given in respect of any tranche to the extent provided in the applicable documentation relating thereto) notice to the Administrative Agent at least one Business Day prior theretoto the date of the proposed borrowing, which notice shall be in substantially the form of Exhibit H-1 H (a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed and (ii) the Closing Dateproposed borrowing date. Upon receipt of any such notice, the Administrative Agent will promptly notify each Lender that is making the applicable Term Loans thereof. Each such Lender will make available to the Administrative Agent in immediately available funds at the office of the Administrative Agent specified in Section 14.2 (or at such other location as the Administrative Agent may direct), by 1:00 P.M., New York City time, on the Closing Date proposed borrowing date an amount equal to the Commitment Percentage of such Lender multiplied by the aggregate principal amount of the Term Loans requested to be made on the Closing Date such date in Dollars, in funds immediately available to the Administrative Agent. The proceeds of the Term Loans received by the Administrative Agent hereunder on the applicable borrowing date shall promptly be made available to the 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 Lenders and in like funds as received by the Administrative Agent.

Procedure for Borrowing Term Loans. (a) The Company may request a borrowing under of the Effective Date Term Loan Commitments Loans on the Closing Effective Date, subject to Section 2.1, by giving irrevocable notice to the Administrative Agent at least one Business Day prior thereto, which notice shall be in substantially the form of Exhibit H-1 H (a “Notice of Borrowing”) and specify (i) the aggregate principal amount to be borrowed and (ii) the Closing proposed Effective Date. Upon receipt of any such notice, the Administrative Agent will promptly notify each Lender that is making Effective Date Term Loans thereof. Each such Lender will make available to the Administrative Agent in immediately available funds at the office of the Administrative Agent specified in Section 14.2 (or at such other location as the Administrative Agent may direct), by 1:00 P.M., New York City time, on the Closing Effective Date an amount equal to the Commitment Percentage of such Lender multiplied by the aggregate principal amount of the Term Loans requested to be made on the Closing Effective Date in Dollars, in funds immediately available to the Administrative Agent. The proceeds of the Term Loans received by the Administrative Agent hereunder on the applicable borrowing date shall promptly be made available to the 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 Lenders and in like funds as received by the Administrative Agent.