Common use of Procedure for Revolving Credit Borrowing Clause in Contracts

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.

Appears in 6 contracts

Samples: Credit Agreement (Boston Scientific Corp), Year Revolving Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

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Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) . Any Revolving Credit Loans made on the amount to Restatement Closing Date shall initially be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Base Rate Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 200,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 3,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be promptly 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 Revolving Lenders and in like funds as received by the Administrative Agent.

Appears in 6 contracts

Samples: Credit Agreement (Cinemark Usa Inc /Tx), Credit Agreement (Cinemark Holdings, Inc.), Credit Agreement (Cinemark Usa Inc /Tx)

Procedure for Revolving Credit Borrowing. The Any Borrower may borrow under the Revolving Credit Commitments from all Banks during the Commitment Period on any Business Day, provided that the such Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 10:00 A.M.4:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) prior to 10:00 A.M., New York City time, on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, in the case of ABR Loans, if the amount of the Available Commitments minus the Aggregate Available Revolving Credit Commitments are Outstanding Bilateral Option Loans is less than $1,000,0005,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof). Upon receipt of any such notice from the such Borrower, the Administrative Agent shall promptly notify each Lender Bank thereof. Prior Each Bank will make the amount of its pro rata share of each such borrowing available to 11:00 A.M.the Borrower at the office of the Administrative Agent specified in subsection 13.2 prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders Banks and in like funds as received by the Administrative Agent.

Appears in 5 contracts

Samples: 364 Day Credit Agreement (Wr Grace & Co/De), 364 Day Credit Agreement (W R Grace & Co), Execution Copy (W R Grace & Co)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwisein the case of Base Rate Loans); provided that any such notice of a borrowing of Base Rate Loans to finance the reimbursement of a Letter of Credit as contemplated by Section 3.5 may be given not later than 10 A.M., in each case specifying (i) New York City time, on the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length date of the initial Interest Period thereforproposed borrowing. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,0001,000,000 or such incremental amount, such lesser amount) and (y) ); provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereofother amounts pursuant to Section 2.7. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender of the relevant Class thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, Inc.), Credit Agreement (National CineMedia, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 (x) with respect to Eurodollar Loans, 10:00 A.M., New York City time, or (y) with respect to ABR Loans, 1:00 P.M., New York City time: (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Lender thereof. Prior to (x) with respect to Eurodollar Loans, 11:00 A.M., New York City time, or (y) with respect to ABR Loans, 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Revolving Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 writing by the Administrative Agent to the Lenders in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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 Revolving Lenders and in like funds as received by the Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing will then be made The Administrative Agent shall make 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.

Appears in 4 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp), Amendment and Restatement (Sba Communications Corp)

Procedure for Revolving Credit Borrowing. The Any Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the such Borrower shall give the Managing Administrative Agent irrevocable notice (which notice must be received by the Managing Administrative Agent prior to 10:00 A.M.(a) 4:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar LIBOR Loans or (b) 3:00 P.M., New York City time, on the same Business Day of the requested Borrowing Date, otherwise), in each case specifying (i) the amount and Currency to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar LIBOR Loans, ABR Loans Loans, or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LIBOR Loans, the amount respective amounts of each such Type of Revolving Credit Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing in Dollars under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, at least $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,00010,000,000, such lesser amount) and (y) ). Each borrowing under the Commitments in the case of Eurodollar Loans, $5,000,000 Euros shall be in an amount equal to at least €10,000,000 or a whole multiple of $1,000,000 in excess thereofthereof (or, if the then aggregate Available Commitments are less than $10,000,000, the Euro Equivalent of such lesser amount). If no election as to the Currency of a borrowing is specified, then the requested borrowing shall be denominated in Dollars. If no election as to the Type of a borrowing is specified, then the requested borrowing shall be in ABR Loans unless Euros have been specified, in which case the requested borrowing shall be in LIBOR Loans denominated in Euros. If no Interest Period is specified with respect to any requested LIBOR Loan, the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Upon receipt of any such notice from the any Borrower, the Managing Administrative Agent shall promptly notify each Lender thereof. Prior Except as contemplated by subsection 2.13(c), each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Managing Administrative Agent for the account of the applicable Borrower at the Managing Administrative Agent’s Account prior to 2:00 P.M., Local Time, to the extent the requested Revolving Credit Loans are to be initially LIBOR Loans, or 4:00 P.M., New York City time, otherwise, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the applicable Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Managing Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the applicable Borrower by the Managing Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Managing Administrative Agent by the Lenders and in like funds as received by the Managing Administrative Agent.

Appears in 4 contracts

Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent (i) prior to 10:00 A.M., 11:00 A.M. (local time in New York City timeCity) or such later time as agreed to by the Administrative Agent in its sole discretion, (a) three Business Days prior to the requested Borrowing Date, if all in the case of Term SOFR Loans, or any part (ii) prior to 11:00 A.M. (local time in New York City) on the Borrowing Date, in the case of the requested Base Rate Loans). Each borrowing of Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Term SOFR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Revolving Credit Percentage of the principal amount of the each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M. (local time in New York office of City) on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower in the account specified by the Borrower in the Disbursement Instruction Agreement, 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.

Appears in 4 contracts

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are Availability is less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.4. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 4 contracts

Samples: Credit Agreement (Nebraska Book Co), Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co)

Procedure for Revolving Credit Borrowing. The respective Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, ; provided that the Parent Borrower (on its own behalf or on behalf of any Foreign Subsidiary Borrower) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date in the case of Eurocurrency Loans; provided, further, that this period shall be extended to four Business Days in the case of Multicurrency Revolving Credit Loans denominated in an Optional Currency, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loansany Eurocurrency Loan, the amount of such Type of Loan currency thereof and the length of the initial Interest Period therefortherefor and (iv) in the case of a Multicurrency Revolving Credit Loan denominated in an Optional Currency to a Foreign Subsidiary Borrower, the name, jurisdiction of organization and location of the chief executive office of such Foreign Subsidiary Borrower. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments under the applicable Revolving Credit Facility are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans, the equivalent of $5,000,000 or a whole multiple of the equivalent of $1,000,000 in excess thereofthereof (or comparable amounts of any relevant Optional Currency, as determined from time to time by the Administrative Agent); provided that the Swingline Lender may request, on behalf of the Parent Borrower, borrowings under the Revolving Credit Commitments that are ABR Loans in other amounts pursuant to Section 2.4. Upon receipt of any such notice from the Parent Borrower, the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each applicable Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the respective Borrower at the applicable Funding Office prior to 12:00 Noon, New York office City time (or in the case of Eurocurrency Loans, prior to 12:00 Noon, Local Time), on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Parent Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the respective Borrower by the Administrative Agent crediting the account of the respective Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent. Each Lender, at its option, may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Parent Borrower or any Foreign Subsidiary Borrower, as the case may be, to repay such Loan in accordance with the terms of this Agreement. On the Closing Date, all Existing Revolving Credit Loans shall be deemed repaid (including for purposes of Section 2.21 of the Previous Credit Agreement) and such portion thereof that were ABR Loans shall be reborrowed as USD Revolving Credit Loans that are ABR Loans by the Parent Borrower and such portion thereof that were Eurocurrency Loans shall be reborrowed as USD Revolving Credit Loans (or, in the case of any such Existing Revolving Credit Loans that are denominated in an Optional Currency, Multicurrency Revolving Credit Loans) that are Eurocurrency Loans by the Parent Borrower and Revolving Credit Lenders shall advance funds to the Administrative Agent no later than 12:00 Noon, New York City time, on the Closing Date as shall be required to repay the Existing Revolving Credit Loans of Existing Revolving Credit Lenders (1) that are not Lenders as of the Closing Date or (2) whose aggregate Revolving Credit Commitments are less than their respective outstanding Existing Revolving Credit Loans as of the Closing Date such that each Revolving Credit Lender’s share of outstanding Revolving Credit Loans on the Closing Date in respect of any Revolving Credit Facility is equal to its Revolving Credit Percentage in respect of such Revolving Credit Facility (after giving effect to the Closing Date).

Appears in 3 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Dateborrowing date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Dateborrowing date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Dateborrowing date, (iii) whether the borrowing Borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing Borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing Borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such its pro rata share of each Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 9.2 prior to 11:00 A.M., New York City time, on the borrowing date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing Such Borrowing will then immediately 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.

Appears in 3 contracts

Samples: Delphi Automotive Systems Corp, Credit Agricole Indosuez (Delphi Automotive Systems Corp), Delphi Automotive Systems Corp

Procedure for Revolving Credit Borrowing. The Borrower Company may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower Company shall give the General Administrative Agent irrevocable written notice (which notice must be received by the General Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans LIBOR Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LIBOR Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar LIBOR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the BorrowerCompany, the General Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the General Administrative Agent for the account of the Company at the office of the General Administrative Agent specified in Section 14.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 Company in funds immediately available to the General Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Company by the General Administrative Agent crediting the account of the Borrower on Company at the books office of such office with The Toronto-Dominion Bank at 909 Xxxxxx Xxxxxx, Suite 1700, Houston, TX 77010 xxxh the aggregate of the amounts made available to the General Administrative Agent by the Revolving Credit Lenders and in like funds as received by the General Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Laidlaw Environmental Services Inc), Guarantee and Collateral Agreement (Laidlaw Environmental Services Inc), Credit Agreement (Laidlaw Environmental Services Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Perkinelmer Inc), Perkinelmer Inc

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) . Any Revolving Credit Loans made on the amount to Closing Date shall initially be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Base Rate Loans, ABR Loans and no Revolving Credit Loan may be made as, converted into or continued as a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial having an Interest Period thereforin excess of one month prior to the date which is five Business Days after the Closing Date. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 250,000 or a whole multiple of $1,000,000 50,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000250,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.7 and the Borrower may request borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 3.5. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (UCI Holdco, Inc.), Credit Agreement (Chefford Master Manufacturing Co Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 (x) with respect to SOFR Loans, 10:00 A.M., New York City time, or (y) with respect to ABR Loans, 1:00 P.M., New York City time: (a) three U.S. Government Securities Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar SOFR Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar SOFR Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar SOFR Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar SOFR Loans, $5,000,000 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 Revolving Lender thereof. Prior to (x) with respect to SOFR Loans, 11:00 A.M., New York City time, or (y) with respect to ABR Loans, 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Revolving Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 writing by the Administrative Agent to the Lenders in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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 Revolving Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that provided, that, the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 11:00 A.M., (New York City time, ) at least (a) three (3) Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), specifying in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Prime Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Prime Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the then Aggregate Available Revolving Credit Commitments are less than $1,000,000100,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 500,000 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 Revolving Lender thereof. Prior to 11:00 A.M.thereof not later than 3:00 P.M., New York City time, on the date the Administrative Agent receives such notice. Not later than 12:00 Noon, New York City time, on each requested Borrowing Date requested by the Borrower, each Revolving Lender will shall make an amount equal to its Funding Revolving Credit Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York its office of the Administrative Agent specified in subsection 13.2 11.2 in funds U.S. Dollars and in immediately available to the Administrative Agentfunds. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower by the The Administrative Agent crediting shall on such date credit 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.

Appears in 2 contracts

Samples: Credit Agreement (Napco Security Technologies, Inc), Credit Agreement (Napco Security Technologies, Inc)

Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Designated Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans Base Rate Loans, or a combination thereof thereof, (iv) the identity of the Borrower or Borrowers to which the proceeds of the Revolving Credit Loan should be made available and (ivv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Periods therefor; provided that prior to the date which is 60 days after the Closing Date no Revolving Credit Loan may be made, converted or continued as a Eurodollar Loan having an Interest Period thereforin excess of one month. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrowers, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.27(a). Upon receipt of any such notice from the Designated Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the appropriate Borrower at the office of the Administrative Agent specified in Section 11.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Designated Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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 The aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and will then be made available to the appropriate Borrower by the Administrative Agent in accordance with the instructions of the Designated Borrower in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Kirklands Inc), Credit Agreement (Kirklands Inc)

Procedure for Revolving Credit Borrowing. The Borrower may ---------------------------------------- borrow 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 (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc)

Procedure for Revolving Credit Borrowing. (a) The Borrower may borrow 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 10:00 A.M.12:30 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,500,000 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. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Landstar System Inc), Credit Agreement (Landstar System Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are ABR Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.

Appears in 2 contracts

Samples: Credit Agreement (International Home Foods Inc), Credit Agreement (International Home Foods Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (NBC Acquisition Corp), Credit Agreement (Nebraska Book Co)

Procedure for Revolving Credit Borrowing. The Any Specified Borrower may borrow under the related Specified Revolving Credit Commitments Commitment during the Specified Revolving Credit Commitment Period on any Business Day, provided PROVIDED that the such Specified Borrower shall give the Administrative Specified Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case Specified Notice Time specifying (i) the amount and currency to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be Type or Types of Eurodollar LoansLoan, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans, the amount respective amounts of each such Type of Specified Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Specified Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an a minimum amount equal to (xA) in the case of ABR Base Rate Loans, $5,000,000 or a whole multiple the Equivalent Amount of $1,000,000 in excess thereof 250,000 (or, if the Aggregate then Specified Available Revolving Credit Commitments are less than the Equivalent Amount of $1,000,000, such lesser amount) and (yB) in the case of Eurodollar Eurocurrency Loans, $5,000,000 or a whole multiple the Equivalent Amount of $1,000,000 in excess thereof1,000,000. Upon receipt of any such notice from the Specified Borrower, the Administrative Specified Agent shall promptly notify each Specified Revolving Credit Lender thereof. Prior Each Specified Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to the Specified Agent for the account of the Specified Borrower at the office of the Specified Agent specified in subsection 12.2 prior to 11:00 A.M., New York City timea.m. local time of the Specified Agent, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Specified Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Specified Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Specified Borrower by the Administrative Specified Agent crediting the account of the Specified Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Specified Agent by the Specified Revolving Credit Lenders and in like funds as received by the Administrative Specified Agent.

Appears in 2 contracts

Samples: Credit Agreement (Allotech International Inc), Credit Agreement (Allotech International Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans). Any Revolving Credit Loans made, in each case specifying (i) converted or continued before the amount to Syndication Date shall be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Loans having an Interest Period thereforof one month. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.7. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Management Services Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Facility Commitment Period, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.11:00 a.m., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Eurocurrency Loans, or (b) on the same Business Day as the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Eurocurrency Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof 500,000 (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 4.10. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its pro rata share of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Six Flags Entertainment Corp), Credit Agreement (Six Flags Entertainment Corp)

Procedure for Revolving Credit Borrowing. The Borrower Company may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, ; provided that the Borrower Company shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Revolving Credit Loans or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Revolving Credit Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Revolving Credit Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Revolving Credit Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the BorrowerCompany, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower Company at the New York office of the Administrative Agent specified in subsection 13.2 Section 11.2 prior to 11:00 A.M., New York City time, in the case of Eurodollar Revolving Credit Loans, and 2:00 P.M., New York City time, in the case of ABR Loans, on the Borrowing Date requested by the Company in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Company by the Administrative Agent crediting the account of the Borrower Company 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.

Appears in 2 contracts

Samples: Credit Agreement (Essex International Inc /), Credit Agreement (BCP/Essex Holdings Inc)

Procedure for Revolving Credit Borrowing. The Borrower OpCo may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower OpCo shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 11:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case if the requested Revolving Credit Loans are to be initially Base Rate Loans specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if or the Aggregate full amount of the then Available Revolving Credit Commitments are less than $1,000,000, such lesser amountCommitments) and (y) in the case of Eurodollar Loans, $5,000,000 2,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof, subject to the provisions of Section 2.12, except that any borrowing under the Revolving Credit Commitments to be used solely to pay a like amount of Swing Line Loans may be in the aggregate principal amount of such Swing Line Loans. Upon receipt of any such notice from the BorrowerOpCo, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its Commitment Percentage of each borrowing available to 11:00 A.M.the Administrative Agent for the account of OpCo at the office of the Administrative Agent specified in Section 9.2 prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 OpCo in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower OpCo by the Administrative Agent crediting the account of the Borrower OpCo 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.

Appears in 2 contracts

Samples: Credit Agreement (Swisher International Group Inc), Credit Agreement (Swisher International Group Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be ABR Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swingline Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments that are ABR Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on 11:00 A.M., New York City time, one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans). No Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in each case specifying excess of one month prior to the earlier of (i) date which is 60 days after the amount to be borrowed, Restatement Effective Date and (ii) the requested Borrowing Syndication Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,0001,000,000 or such incremental amount, such lesser amount) and (y) ); provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereofother amounts pursuant to Section 2.7. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender of the relevant Class thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, LLC)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 (provided that any such notice may be conditioned on the occurrence of a transaction and, if such condition is not satisfied on or prior to the date of such Borrowing, may be revoked by the Borrower in a written notice to the Administrative Agent) notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) prior to 12:00 p.m. (Noon), Local Time, three Business Days prior to the requested Borrowing Date, if all or any part Date in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans LIBOR Loans; or (b) prior to 10:00 a.m.., Local Time, on the requested Borrowing Date, otherwise)in the case of ABR Loans or, in each case case, such later date and time as the Administrative Agent may agree), specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of any LIBOR Loan and the length of the initial Interest Period therefor. Such notice may be substantially in the form of Exhibit I or in such other form as the Borrower and the Administrative Agent may agree. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar LIBOR Loans, the equivalent of $5,000,000 1,000,000 or a whole multiple of the equivalent of $1,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the New York office applicable Funding Office prior to 12:00 p.m. (Noon), Local Time (or in the case of LIBOR Loans, prior to 12:00 p.m. (Noon), Local Time), on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent. Each Lender, at its option, may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with terms of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Forrester Research, Inc.), Credit Agreement (Forrester Research, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 11:00 A.M., (New York City time, ) at least (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), specifying in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Prime Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Prime Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the then Aggregate Available Revolving Credit Commitments are less than $1,000,000100,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 500,000 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 Revolving Lender thereof. Prior to 11:00 A.M.thereof not later than 3:00 P.M., New York City time, on the date the Administrative Agent receives such notice. Not later than 12:00 Noon, New York City time, on each requested Borrowing Date requested by the Borrower, each Revolving Lender will shall make an amount equal to its Funding Revolving Credit Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York its office of the Administrative Agent specified in subsection 13.2 11.2 in funds U.S. Dollars and in immediately available to the Administrative Agentfunds. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower by the The Administrative Agent crediting shall on such date credit 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.

Appears in 2 contracts

Samples: Credit Agreement (Napco Security Technologies, Inc), Credit Agreement (Napco Security Systems Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 in a Notice of Borrowing (which notice Notice of Borrowing must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a $1,000,000 whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Escrow Agreement (Ws Financing Corp), Credit Agreement (Worldspan L P)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. The Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing will then be made The Administrative Agent shall make 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Sba Communications Corp), Credit Agreement (Sba Communications Corp)

Procedure for Revolving Credit Borrowing. The Each Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the such Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrowers, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.24. Upon receipt of any such notice Borrowing Notice from the a Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of such Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the relevant 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.

Appears in 2 contracts

Samples: Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek US Holdings, Inc.)

Procedure for Revolving Credit Borrowing. The Subject to subsection 2.8(b), the Borrower may borrow 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 written (or telephonic promptly confirmed in writing) notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each such notice shall be given by the Borrower in the form of Exhibit J. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (WTNH Broadcasting Inc), Credit Agreement (Lin Television Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., 12:00 Noon (New York City time, ) (ai) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (bii) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that each Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.4. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Revolving Credit Percentage of the principal amount of the each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M. (New York office of City time) on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

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

Procedure for Revolving Credit Borrowing. The Borrower DW Animation may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, ; provided that the Borrower DW Animation shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) 12:00 noon, New York City time on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the such borrowing is to be shall consist of Eurodollar Loans or ABR Loans, ABR Loans or a combination thereof and (iv) if in the borrowing is to be entirely or partly case of Eurodollar Loans, the amount of such Type of Loan respective amounts thereof and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate Available Revolving Credit then Unutilized Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the BorrowerDW Animation, the Administrative Agent shall promptly notify each relevant Lender thereof. Prior Each relevant Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of DW Animation at the office of the Administrative Agent specified in Section 10.2 prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 DW Animation in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower DW Animation by the Administrative Agent crediting the account of the Borrower DW Animation on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the relevant Lenders and in like funds as received by the Administrative Agent; provided that if, on the Borrowing Date of any Revolving Credit Loans, any Swingline Loans shall be outstanding, the proceeds of such Revolving Credit Loans shall first be applied to pay in full such Swingline Loans, with any remaining proceeds to be made available to DW Animation as provided above.

Appears in 2 contracts

Samples: Credit Agreement (DreamWorks Animation SKG, Inc.), Credit Agreement (DreamWorks Animation SKG, Inc.)

Procedure for Revolving Credit Borrowing. The U.S. Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the U.S. Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.11:00 a.m., New York City time, at least (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), specifying in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5subsection 2.5) shall be in an amount equal to (xA) in the case of ABR Loans, except any ABR Loan made pursuant to subsection 3.4, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Aggregate Available Revolving Credit Commitments are less than $1,000,00010,000,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the U.S. Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M.Not later than 12:00 Noon, New York City time, on the each requested Borrowing Date requested by the Borrower, each Lender will shall make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.at

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Case Credit Corp), Credit and Guarantee Agreement (Case Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under Each Borrowing, each conversion of Loans from one Type to the Revolving Credit Commitments during other, and each continuation of Eurodollar Loans shall be made upon the Commitment Period on any Business Day, provided that the Borrower shall give Borrower’s notice to the Administrative Agent irrevocable notice (Agent, which notice must be given by a Borrowing Notice. Each such Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.not later than 12:00 Noon, New York City time, time (ai) three Business Days prior to the requested date of any Borrowing Dateof, if all conversion to or any part of the requested Revolving Credit Loans are to be initially continuation of, Eurodollar Loans or of any conversion of Eurodollar Loans to ABR Loans, and (bii) on the requested date of any Borrowing Dateof ABR Loans. Each Borrowing Notice shall specify (1) whether the Borrower is requesting a Borrowing, otherwise)a conversion of Loans from one Type to the other, in each case specifying (i) the amount to be borrowedor a continuation of Eurodollar Loans, (ii) the requested Borrowing Date, conversion or continuation, as the case may be (which shall be a Business Day), (iii) whether the borrowing is principal amount of Loans to be of Eurodollar Loansborrowed, ABR Loans converted or a combination thereof and continued, (iv) if the borrowing is Class and Type of Loans to be entirely borrowed or partly of Eurodollar Loansto which existing Loans are to be converted and (v) if applicable, the amount of such Type of Loan and the length duration of the initial Interest Period thereforwith respect thereto. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) Borrowing of or conversion to ABR Loans shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case ). Each Borrowing of, conversion to or continuation of Eurodollar Loans, Loans shall be in an amount equal to $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each Borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 p.m., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing 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.

Appears in 2 contracts

Samples: Credit Agreement (Verint Systems Inc), Credit Agreement (Verint Systems Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 Notice of Borrowing (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 12:00 noon New York City time on the day of the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, borrowed and (ii) the requested Borrowing Date. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans and no Revolving Credit Loan may be made as, (iii) whether the borrowing is to be of converted into or continued as a Eurodollar Loans, ABR Loans or a combination thereof and (iv) Loan if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length last day of the initial Interest Period thereforwith respect thereto would occur on or after the Revolving Credit Termination Date. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000100,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its Revolving Credit Percentage of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 as soon as practicable, in accordance with the Administrative Agent's normal practice, after receipt thereof from the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (Imperial Holly Corp), Credit Agreement (Imperial Holly Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans, and no Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan prior to the date which is 90 days after the Closing Date, or, if earlier, the date on which the Syndication Agent completes the syndication of the Facilities and the entities selected in such syndication process become parties to this Agreement. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 the Funding Office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Grand Union Co /De/), Credit Agreement (Grand Union Co /De/)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 may be given by telephone, promptly confirmed by telecopy) (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 12:00 Noon, New York City time, on the requested Borrowing Date, otherwise), in each the case of Base Rate Loans) specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is account to which the proceeds of such Loans should be of Eurodollar Loans, ABR Loans or a combination thereof transferred and (iv) if in the borrowing is to be entirely or partly case of Eurodollar Loans, the amount of such Type of Loan and the respective length of the initial Interest Period Periods therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, at least $5,000,000 or a whole multiple of $1,000,000 in excess thereof 250,000 (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000250,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof; provided, that (A) the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7 and (B) borrowings of Base Rate Loans contemplated under Section 3.5 shall not be subject to the requirements of this sentence. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to (a) 12:00 Noon, New York office City time, in the case of Eurodollar Loans, or (b) 2:00 P.M., New York City time, in the Administrative Agent specified case of Base Rate Loans, on the Borrowing Date requested by the Borrower in subsection 13.2 Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made immediately available on such day to the Borrower by the Administrative Agent crediting transferring to the account of the Borrower on specified by the books of such office with Borrower the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Laundry Corp), Credit Agreement (Alliance Laundry Corp)

Procedure for Revolving Credit Borrowing. The Borrower Company may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower Company shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 10:30 A.M., New York City Charlotte, North Carolina time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans, (b) 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 (bc) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans, C/D Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans or C/D Rate Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,00010,000,000, such lesser amount) and (y) in the case of Eurodollar Loans or C/D Rate Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the BorrowerCompany, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower Company at the New York office of the Administrative Agent specified in subsection 13.2 10.2 prior to 12:00 noon, Charlotte, North Carolina time, on the Borrowing Date requested by the Company in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Company by the Administrative Agent crediting the account of the Borrower Company 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.

Appears in 2 contracts

Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be ABR Loans. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Conmed Corp), Credit Agreement (Conmed Corp)

Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period; provided that, provided that the Borrower Representative shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be (x) received by the Administrative Agent (i) prior to 10:00 A.M., 2:00 P.M. (New York City time, (a) three two Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (bii) prior to 10:00 A.M. (New York City time) on the requested Borrowing Date, otherwise), in each the case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (ivy) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period thereforaccompanied by a pro forma Borrowing Base Certificate). Each borrowing of Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000less, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereofthereof (or, if the then aggregate Available Revolving Credit Commitments are less, such lesser amount). Upon receipt of any such notice Borrowing Notice from the BorrowerBorrower Representative, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Lender will make an amount equal to its Funding Commitment Revolving Credit Percentage of the principal amount of the Revolving Credit each borrowing of Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the applicable Borrower indicated on the applicable Borrowing Notice at the Funding Office prior to 11:30 A.M. (New York office of City time) on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by Borrower Representative in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the applicable 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.

Appears in 2 contracts

Samples: Credit Agreement (Franklin BSP Realty Trust, Inc.), Credit Agreement (Benefit Street Partners Realty Trust, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower DW Animation may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, ; provided that the Borrower DW Animation shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) 12:00 noon, New York City time on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the such borrowing is to be shall consist of Eurodollar Loans or ABR Loans, ABR Loans or a combination thereof and (iv) if in the borrowing is to be entirely or partly case of Eurodollar Loans, the amount of such Type of Loan respective amounts thereof and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate Available Revolving Credit then Unutilized Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the BorrowerDW Animation, the Administrative Agent shall promptly notify each relevant Lender thereof. Prior Each relevant Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of DW Animation at the office of the Administrative Agent specified in Section 10.2 prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 DW Animation in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower DW Animation by the Administrative Agent crediting the account of the Borrower DW Animation on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the relevant Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (DreamWorks Animation SKG, Inc.), Credit Agreement (DreamWorks Animation SKG, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow 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 in a Notice of Borrowing (which notice Notice of Borrowing must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice Notice of Borrowing from the a Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the applicable Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the applicable 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.

Appears in 2 contracts

Samples: Credit Agreement (Regal Entertainment Group), Credit Agreement (Regal Cinemas Corp)

Procedure for Revolving Credit Borrowing. The Borrower HCLP may borrow under the Revolving Credit Commitments during the Commitment Period on any Working Day, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans, or on any Business Day, provided otherwise; provided, that the Borrower HCLP shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 11:00 A.M., New York City time, (a) three Business Working Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans Loans, or a combination thereof thereof, and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 200,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000200,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from the BorrowerHCLP, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of HCLP at the office of the Administrative Agent specified in Section 11.2 prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 HCLP in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower HCLP by the Administrative Agent crediting the account of the Borrower HCLP 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.

Appears in 2 contracts

Samples: Credit Agreement (Hanover Compressor Co /), Credit Agreement (Hanover Compressor Co /)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Alternate Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Alternate Base Rate Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 12.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (International Wire Group Inc), Credit Agreement (Wire Harness Industries Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that (i) the Borrower shall give deliver to the Administrative Agent an irrevocable notice written Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (bii) the Borrower shall give the Administrative Agent an irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Administrative Agent not later than 12:00 Noon, New York City time, on the requested proposed Borrowing Date, otherwise), in each case specifying (i1) the amount to be borrowed, (ii2) the requested Borrowing Date, (iii) whether which shall be the borrowing is to be date of Eurodollar Loans, ABR Loans or a combination thereof such telephonic notice and (iv3) if that such Borrowing shall be a Base Rate Loan, in the borrowing is to be entirely or partly case of Eurodollar Base Rate Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such Borrowing Notice or telephonic notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the Funding Office prior to (x) 12:00 Noon, New York City time, on the Borrowing Date requested by the BorrowerBorrower in the case of Eurodollar Loans, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the or (y) 4:00 P.M., New York office City time, on the date of such telephonic notice in the Administrative Agent specified case of a Base Rate Loan, in subsection 13.2 either case in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Refinancing Amendment and Joinder Agreement (Verint Systems Inc), Credit Agreement (Verint Systems Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow Five-Year Loans under the Revolving Credit Commitments during the 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 10:00 A.M.12:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Five-Year Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the Facility under which the Borrowing is to be made, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing Borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (ivv) if the borrowing Borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing Borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 relevant Lender thereof. Prior Each relevant Lender will make the amount of its pro rata share of each Borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 9.2 prior to 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing Such Borrowing will then immediately 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.

Appears in 2 contracts

Samples: Credit Agreement (Tegna Inc), Competitive Advance and Revolving Credit Agreement (Tegna Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that (x) no Revolving Credit Loans shall be made on the Effective Date and (y) the Borrower shall give the Administrative Agent irrevocable notice (which notice may be given by telephone, promptly confirmed by telecopy) (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 12:00 Noon, New York City time, on the requested Borrowing Date, otherwise), in each the case of Base Rate Loans) specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is account to which the proceeds of such Loans should be of Eurodollar Loans, ABR Loans or a combination thereof transferred and (iv) if in the borrowing is to be entirely or partly case of Eurodollar Loans, the amount of such Type of Loan and the respective length of the initial Interest Periods therefor. Except for Letters of Credit in an aggregate face amount not to exceed the aggregate face amount of the Existing Letters of Credit, no Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period thereforin excess of one month prior to the earlier of (A) the Syndication Date and (B) the date which is 21 days after the Effective Date. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, at least $5,000,000 or a whole multiple of $1,000,000 in excess thereof 250,000 (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000250,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof; provided, that (A) the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7 and (B) borrowings of Base Rate Loans contemplated under Section 3.5 shall not be subject to the requirements of this sentence. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to (a) 12:00 Noon, New York office City time, in the case of Eurodollar Loans, or (b) 2:00 P.M., New York City time, in the Administrative Agent specified case of Base Rate Loans, on the Borrowing Date requested by the Borrower in subsection 13.2 Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made immediately available on such day to the Borrower by the Administrative Agent crediting transferring to the account of the Borrower on specified by the books of such office with Borrower the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Alliance Laundry Systems LLC), Credit Agreement (Alliance Laundry Systems LLC)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Salton Inc), Credit Agreement (Salton Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Working Day if the borrowing is a LIBOR Loan or on any Business DayDay if the borrowing is an Alternate Base Rate Loan, provided PROVIDED that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 10:00 A.M., New York City time, (a) three Business time four Working Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar LIBOR Loans or (b) prior to 10:30 A.M., New York City time, on the requested Borrowing Date, otherwise), in each case specifying (i) the aggregate amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar LIBOR Loans, ABR Alternate Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LIBOR Loans, the amount amounts of such Type of Loan and the length lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Alternate Base Rate Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (y) in the case of Eurodollar LIBOR Loans, $5,000,000 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 Bank thereof. Prior Each Bank will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 9.2 prior to 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing Such amount will then be made available to the relevant Borrower by the Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts such amount made available to the Administrative Agent by the Lenders such Bank for such Borrower and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Franklin Resources Inc), Credit Agreement (Franklin Resources Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (written notice, which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all in the case of LIBOR Loans or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans CD Rate Loans, or (b) 10:30 A.M. New York City time, on the requested Borrowing Date, otherwise), in each the case specifying of ABR Loans. Each such notice shall specify (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar ABR Loans, ABR Loans CD Rate Loans, LIBOR Loans, or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LIBOR Loans or CD Rate Loans, the amount of such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 10,000,000 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. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 8.2 prior to 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Virginia Electric & Power Co)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, ; provided that the Borrower Representative shall give the Administrative Agent irrevocable (in the case of any notice except notice with respect to the initial Extension of Credit hereunder, which shall be irrevocable after the funding) notice in substantially the form of Exhibit F-1 or in such other form as may be agreed between the Borrower Representative and the Administrative Agent (each, a “Borrowing Request”) (which notice must be received by the Administrative Agent prior to 10:00 (a) 11:00 A.M., New York City time, (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Eurocurrency Loans or BA Equivalent Loans or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwise)for ABR Loans (or in the case of the initial borrowing hereunder, in each case case, 10:00 A.M. one Business Day prior to the date of the initial borrowing hereunder)) specifying (i) the identity of a Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Eurocurrency Loans or BA Equivalent Loans, ABR Loans or a combination thereof thereof, (v) in the case of the Canadian Facility Revolving Credit Loans, if the borrowing is to be entirely or partly of ABR Loans, whether such Loans shall be denominated in Canadian Dollars or Dollars and (ivvi) if the borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans or BA Equivalent Loans, the amount respective amounts of each such Type of Loan and Loan, the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or a whole multiple Swing Line Loans, and except any ABR Loan constituting an Overdraft Loan, in multiples of $1,000,000 1,000,000.00 (or, in excess thereof the case of Loans denominated in Canadian Dollars, Cdn$1,000,000.00) (or, if the Aggregate Available Revolving Credit Commitments then available (as calculated in accordance with subsections 2.1(a) and 2.1(b)) are less than $1,000,0001,000,000.00 or Cdn$1,000,000.00, respectively, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans or BA Equivalent Loans, an amount equal to $5,000,000 5,000,000.00 (or, in the case of Loans denominated in Canadian Dollars, Cdn$5,000,000.00) or a whole multiple of $1,000,000 1,000,000.00 (or, in the case of Loans denominated in Canadian Dollars, Cdn$1,000,000.00) in excess thereof. Upon receipt of any such notice from the BorrowerBorrower Representative, the Administrative Agent shall promptly notify each applicable Revolving Lender thereof. Prior Subject to 11:00 A.M., New York City time, on the Borrowing Date requested by satisfaction of the Borrowerconditions precedent specified in subsection 6.2, each applicable Revolving Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 11.2 prior to 3:00 P.M. (or 10:00 A.M., in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Borrower Representative reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by such Borrower in Dollars or Canadian Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Canadian Borrower by the Administrative Agent Agent, crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Veritiv Corp), Assumption Agreement (Veritiv Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, Day during the Revolving Credit Commitment Period; provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice notice, which may be given by (A) telephone or (B) a Borrowing Notice, which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, 12:00 Noon (a) three two (2) Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Term SOFR Loans, or (b) on the requested Borrowing Date, otherwise), in each the case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the Term SOFR Daily Floating Rate Loans. Except as provided in Section 3.5, each borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans or Term SOFR Daily Floating Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Term SOFR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Any telephonic notice by the Borrower must be confirmed immediately by delivery to the Administrative Agent of a Borrowing Notice specifying therein the requested (i) date of such borrowing, (ii) the amount of Loans requested, (iii) Type of Loans comprising such borrowing, (iv) Borrower’s account for such Loans and (v) in the case of any Loans requested to be made as Term SOFR Loans, the initial Interest Period therefor. If no election as to the Type of Loans is specified in the Borrowing Notice, then the requested Loans shall be Base Rate Loans. If no Interest Period with respect to any Term SOFR Loans is specified in any such Borrowing Notice, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Revolving Credit Percentage of the principal amount of the each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of Funding Office prior to 3:00 PM on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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. Except as otherwise provided herein, a Term SOFR Loan may be continued or converted only on the last day of an Interest Period for such Term SOFR Loan. During the existence of a Default, no Loans may be requested as, converted to or continued as Term SOFR Loans without the consent of the Required Lenders. With respect to SOFR or Term SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrower and the Lenders reasonably promptly after such amendment becomes effective.

Appears in 2 contracts

Samples: Credit Agreement (Northwestern Corp), Credit Agreement (Northwestern Corp)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments on the Closing Date and the Parent Borrower and any Subsidiary Borrower (or any of their permitted successors hereunder) may borrow under the Commitments hereunder on any Business Day after the Closing Date during the Commitment Period on any Business DayPeriod, provided that the Borrower Representative shall give the Administrative Agent irrevocable (in the case of any notice except notice with respect to the initial Extension of Credit hereunder, which shall be irrevocable after the funding) notice in substantially the form of Exhibit J-1 hereto or in such other form as may be agreed between the Borrower Representative and the Administrative Agent (each, a “Borrowing Request”) (which notice Borrowing Request must be received by the Administrative Agent prior to 10:00 A.M.(1) in the case of either Eurodollar Loans or ABR Loans to be borrowed on the Closing Date, 12:00 P.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), one Business Day prior to the Closing Date, and (2) in all other cases, (a) 2:00 P.M., New York City time, (a) at least three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) 11:00 A.M., New York City time (or such later time as may be agreed by the Administrative Agent in its reasonable discretion), on the requested Borrowing Date, otherwise), in each case for ABR Loans) specifying (i) the identity of a Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (ivv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or Swingline Loans, in multiples of $5,000,000 500,000 (or, if the Commitments then available (as calculated in accordance with Subsection 2.1(a)) are less than $500,000, such lesser amount) or a whole multiple of $1,000,000 100,000 in excess thereof (orthereof, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 500,000, or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, Borrower Representative the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Prior Subject to 11:00 A.M., New York City time, the satisfaction of the conditions precedent specified in Subsection 6.2 to the extent applicable (or in the case of the initial Extension of Credit on the Borrowing Date requested by the BorrowerClosing Date, Subsection 6.1), each applicable Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 Subsection 11.2 prior to 12:00 P.M. (or 9:00 A.M., in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such BorrowerLender reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by such Borrower and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.

Appears in 2 contracts

Samples: Abl Credit Agreement (Core & Main, Inc.), Credit Agreement (Core & Main, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans but thereafter may be converted in accordance with Section 2.11. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 2 contracts

Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

Procedure for Revolving Credit Borrowing. The Borrower Company may borrow under the Revolving Credit Commitments Committed Amount during the Commitment Period on any Business DayDay (except for the Closing Date), provided that the Borrower Company shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.11:00 A.M. (New York, New York City time, ) (a) three (3) Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are Loan is to be initially Eurodollar Loans or (b) on one (1) Business Day prior to the requested Borrowing Date, otherwise), substantially in each case the form of Exhibit D, specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof thereof, and the respective amounts of each such Type of Loan, (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor, and (v) remittance instructions. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) Committed Amount shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, with respect to ABR Loans only, if the Aggregate Available then available amount under the applicable Revolving Credit Commitments are Committed Amount is less than $1,000,0005,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof). Upon receipt of any such notice from the BorrowerCompany, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its Pro Rata Share of each borrowing available to the Administrative Agent for the account of the Borrower Company at the New York office of the Administrative Agent specified in subsection 13.2 Section 9.2 prior to 1:00 P.M. (New York, New York time) on the Borrowing Date in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Company by the Administrative Agent crediting the account of the Borrower Company as set forth on the books notice of such office borrowing 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.

Appears in 2 contracts

Samples: Credit Agreement (Hercules Inc), Credit Agreement (Hercules Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 may be telephonic and must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Alternate Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Any such telephonic borrowing notice shall be confirmed promptly by a written borrowing notice to the Administrative Agent, delivered by hand or by telecopy. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Alternate Base Rate Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 12.2 prior to 12:30 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (Cooperative Computing Inc /De/), Credit Agreement (Cooperative Computing Inc /De/)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 11:00 A.M., (New York City time, ) at least (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), specifying in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period Periods therefor; provided that until the date that is one month after the Closing Date, Eurodollar Loans may be made only for one month Interest Periods. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 thereof not later than 9:00 A.M., New York City time, on the requested Borrowing Date. Not later than 12:00 Noon, New York City time, on each requested Borrowing Date requested by the Borrower, each Lender will shall make an amount equal to its Funding Revolving Credit Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York its office of the Administrative Agent specified in subsection 13.2 11.2 in funds U.S. Dollars and in immediately available to the Administrative Agentfunds. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower by the The Administrative Agent crediting shall on such date credit 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.

Appears in 2 contracts

Samples: Credit Agreement (Nbty Inc), Credit Agreement (Nbty Inc)

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Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business DayDay in an aggregate principal amount not exceeding the lesser of (A) the aggregate Available RC Commitments then in effect and (B) the Revolver Borrowing Base then in effect minus the aggregate Outstanding RC Extensions of Credit; provided, provided that the Borrower Borrowers shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.1:00 P.M., New York City time, (ai) on the requested Borrowing Date, in the case of Alternate Base Rate Loans, or (ii) three (3) Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit LIBOR Rate Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (iA) the amount to be borrowed, and (iiB) the requested Borrowing Datedate of such proposed Borrowing, (iiiC) whether what portion of the borrowing is to be proposed Borrowing will consist of Eurodollar Loans, ABR Alternate Base Rate Loans or a combination thereof and what portion of the proposed Borrowing will consist of LIBOR Loans and (ivD) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (orPeriod, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereofapplicable. Upon receipt of any such notice from the BorrowerBorrowers, the Administrative Agent shall may elect, in the Administrative Agent’s discretion, (i) to have the terms of Section 3.3(b) apply to such requested Borrowing or (ii) make an Agent’s Advance under Section 5.6(a) in the amount of the requested Borrowing on behalf of the Lenders. In the event Agent elects to have the terms of this Section 3.3(b) apply to a requested Borrowing, then promptly after receipt of any Borrowing notice made pursuant to Section 3.3(a) above, the Agent will promptly notify each the Lenders. Each Lender thereof. Prior will make the amount of its pro rata share of such borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrowers at the office of the Administrative Agent specified in Section 12.6 prior to 2:00 P.M, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 Borrowers in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16In either case, such borrowing will then be made available to the Borrower Borrowers on the day so requested by way of credit to the Borrowers’ operating account at such bank as the Borrowers may designate following a notice to the Administrative Agent crediting the account of the Borrower on the books of such office with the aggregate of the amounts in immediately available funds. Deemed Borrowings shall be made available to the Administrative Agent Borrowers by disbursement of the Lenders and in like funds as received by proceeds thereof to the Administrative Agentobligees of the Obligations giving rise to such borrowings.

Appears in 1 contract

Samples: Credit Agreement (Steinway Musical Instruments Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Unless the Lenders otherwise agree, any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans, and no Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the Syndication Date. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving 35 Credit Commitments which are Base Rate Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M. (or 10:00 A.M., in the case of the initial borrowing hereunder), New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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. Notwithstanding any of the foregoing, the initial borrowing under the Revolving Credit Commitment shall not exceed $5,000,000.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Day International Group Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M., New York City time, (a) three prior to 12:00 Noon, Boston time, two Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) prior to 3:00 p.m., Boston time, on the requested Borrowing Date, otherwise), which notice may be given by telephone (to be promptly confirmed in each case writing, including by facsimile), specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR LoansLoans (except as otherwise provided in subsection 3.16(a)), $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 l,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 11.2 prior to 1:00 P.M., Boston time, (a) with respect to Eurodollar Loans, on the Borrowing Date requested by the Borrower in Dollars, and (b) with respect to ABR Loans, on the Business Day after the Borrowing Date, in each case in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower promptly (but, in the case of Eurodollar Loans, no event later than 1:00 P.M., Boston time) by the Administrative Agent crediting the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Service Merchandise Co Inc)

Procedure for Revolving Credit Borrowing. The A Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower such Borrowers shall give the Administrative Agent irrevocable notice a borrowing request in the form of Exhibit B hereto (hereinafter, a "Borrowing Request") (which notice Borrowing Request must be received by the Administrative Agent prior to 10:00 11:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Date, otherwisein the case of Base Rate Loans, provided that requests for Base Rate Loans not received prior to 11:00 A.M., New York City time on the requested Borrowing Date shall be deemed received on the following Business Day), in each case specifying and must specify (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of any Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.4. Upon receipt of any such notice from the a Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of such Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the such 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.

Appears in 1 contract

Samples: Credit Agreement (White Mountains Insurance Group LTD)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 in a Notice of Borrowing (which notice Notice of Borrowing must be received by the Administrative Agent prior to 10:00 A.M.1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise)in the case of Base Rate Loans, in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans, and no Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the date which is 60 days after the Closing Date. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that the Swing Line Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments that are Base Rate Loans in other amounts pursuant to Section 2.7. Upon receipt of any such notice Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Spanish Broadcasting System Inc)

Procedure for Revolving Credit Borrowing. The Borrower Prior to the effectiveness of the Assumption, Holdings, and after the effectiveness of the Assumption, the Borrower, may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business DayDay in an aggregate principal amount not exceeding the aggregate Available RC Commitments then in effect, provided that Holdings or the Borrower Borrower, as applicable, shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.a.m., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans Base Rate Loans, or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LoansLoans or, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit RC Commitments are less than $1,000,000100,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from Holdings or the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of Holdings or the Borrower, as applicable, at the office of the Administrative Agent specified in Section 12.2 prior to 11:00 A.M.a.m., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of Holdings or the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to Holdings or the Borrower Borrower, as applicable, by the Administrative Agent crediting the account of Holdings or the Borrower Borrower, as applicable, 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.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing of Revolving Credit Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Revolving Credit Commitments in other amounts pursuant to Section 2.4. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.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, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided ; PROVIDED that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on prior to 12:00 noon New York City time, one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its PRO RATA share of each borrowing available to the Agent for the account of the Borrower at the office of the Agent specified in subsection 12.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available by 1:00 P.M., New York City time, to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office or such other account as specified by the Borrower with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Special Metals Corp)

Procedure for Revolving Credit Borrowing. The Borrower HCC may borrow under the Revolving Credit Commitments during the Commitment Period on any Working Day, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans, or on any Business Day, otherwise, provided that the Borrower HCC shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Working Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans Loans, or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the 32 27 initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 200,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000200,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from the BorrowerHCC, the Administrative Agent shall promptly notify each Lender Bank thereof. Prior Each Bank will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Agent for the account of HCC at the office of the Agent specified in subsection 11.2 prior to 12:00 noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 HCC in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower HCC by the Administrative Agent crediting the account of the Borrower HCC on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Lenders Banks and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

Procedure for Revolving Credit Borrowing. (a) The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 2,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then Available Tranche A Revolving Credit Commitments or the then Available Tranche B Revolving Credit Commitments, as applicable, are less than $1,000,0002,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 prior to 1:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Landstar System Inc)

Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower Borrowers shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that the Swing Line Lender may, on behalf of the Borrowers, request borrowings of ABR Loans under the Revolving Credit Commitments in amounts other than those specified above to the extent necessary to repay Refunded Swing Line Loans. Upon receipt of any such notice from the either Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the relevant Borrower at the office of the Administrative Agent specified in Section 11.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the such Borrower by the Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Ddi Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Revolving Credit Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 10.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Boston Scientific Corp)

Procedure for Revolving Credit Borrowing. (a) (i) The Borrower may borrow under the Dollar Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (ai) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Eurocurrency Loans, or (bii) on one Business Day prior to the requested Borrowing Date, otherwisein the case of Base Rate Loans (provided that any such notice for the borrowing of a Base Rate Loan to finance the reimbursement of Dollar Letters of Credit as contemplated by Section 3A.5 may be given not later than 10:00 a.m., New York City time, on the Borrowing Date), in each case specifying (i) case, or such later time as is acceptable to the amount to be borrowed, (ii) Administrative Agent). Any Dollar Revolving Credit Loans made on the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Closing Date were initially Eurocurrency Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial with an Interest Period thereforof one month and such Interest Period with respect to such Loans shall remain in effect on the Restatement Effective Date. Each borrowing of Dollar Revolving Credit Loans under the Dollar Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) (provided that a Dollar Revolving Credit Loan that is a Base Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the total Dollar Revolving Credit Commitments or that is required to finance the reimbursement of a Dollar Letter of Credit as contemplated by Section 3A.5) and (y) in the case of Eurodollar Eurocurrency Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided, that the Dollar Swing Line Lender may request, on behalf of the Borrower, borrowings of Base Rate Loans under the Dollar Revolving Credit Commitments in other amounts pursuant to Section 2.7. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Dollar Revolving Credit Lender thereof. Prior Each Dollar Revolving Credit Lender shall make each Dollar Revolving Credit Loan to 11:00 A.M.be made by it hereunder on the Borrowing Date by wire transfer of immediately available funds by 12:00 noon, New York City time, on to the Borrowing Date requested by the Borrower, each Lender Funding Office; provided that Dollar Swing Line Loans shall be made as provided in Section 2.6. The Administrative Agent will make an amount equal to its Funding Commitment Percentage of the principal amount of the such Dollar Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower by the Administrative Agent promptly crediting the amounts so received, in like funds, to an account of the Borrower on the books of such office maintained with the aggregate of the amounts made available to the Administrative Agent in New York City and designated by the Lenders and Borrower in like funds the applicable Borrowing Notice; provided further that Dollar Revolving Credit Loans that are Base Rate Loans made to finance the reimbursement of Dollar Letters of Credit as received provided in Section 3A.5 shall be remitted by the Administrative AgentAgent to the applicable Dollar Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Bucyrus International Inc)

Procedure for Revolving Credit Borrowing. The Borrower ASI may borrow under ---------------------------------------- the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower ASI shall give the Administrative Agent -------- irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on Loans, and one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,500,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from the BorrowerASI, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of ASI at the office of the Administrative Agent specified in subsection 10.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 ASI in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower ASI by the Administrative Agent crediting the account of the Borrower ASI 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.

Appears in 1 contract

Samples: Credit Agreement (Asi Solutions Inc)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, ; provided that the Borrower Representative shall give the Administrative Agent irrevocable (in the case of any notice except notice with respect to the initial Extension of Credit hereunder, which shall be irrevocable after the funding) notice in substantially the form of Exhibit F-1 or in such other form as may be agreed between the Borrower Representative and the Administrative Agent (each, a “Borrowing Request”) (which notice must be received by the Administrative Agent prior to 10:00 (a) 11:00 A.M., New York City time, (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar EurocurrencyTerm SOFR Loans or BA Equivalent Loans or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwise)for ABR Loans (or in the case of the initial borrowing hereunder, in each case case, 10:00 A.M. one Business Day prior to the date of the initial borrowing hereunder)) specifying (i) the identity of a Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar EurocurrencyTerm SOFR Loans or BA Equivalent Loans, ABR Loans or a combination thereof thereof, (v) if the borrowing is to be made to the Canadian Borrower, whether such Loans shall be denominated in Canadian Dollars or Dollars and (ivvi) if the borrowing is to be entirely or partly of Eurodollar EurocurrencyTerm SOFR Loans or BA Equivalent Loans, the amount respective amounts of each such Type of Loan and Loan, the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or a whole multiple Swing Line Loans, and except any ABR Loan constituting an Overdraft Loan, in multiples of $1,000,000 1,000,000.00 (or, in excess thereof the case of Loans denominated in Canadian Dollars, Cdn$1,000,000.00) (or, if the Aggregate Available Revolving Credit Commitments then available (as calculated in accordance with subsections 2.1(a)) are less than $1,000,0001,000,000.00 or Cdn$1,000,000.00, respectively, such lesser amount) and (y) in the case of Eurodollar EurocurrencyTerm SOFR Loans or BA Equivalent Loans, an amount equal to $5,000,000 5,000,000.00 (or, in the case of Loans denominated in Canadian Dollars, Cdn$5,000,000.00) or a whole multiple of $1,000,000 1,000,000.00 (or, in the case of Loans denominated in Canadian Dollars, Cdn$1,000,000.00) in excess thereof. Upon receipt of any such notice from the BorrowerBorrower Representative, the Administrative Agent shall promptly notify each applicable Revolving Lender thereof. Prior Subject to 11:00 A.M., New York City time, on the Borrowing Date requested by satisfaction of the Borrowerconditions precedent specified in subsection 6.2, each applicable Revolving Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 11.2 prior to 3:00 P.M. (or 10:00 A.M., in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Borrower Representative reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by such Borrower in Dollars or Canadian Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the applicable Borrower by the Administrative Agent Agent, crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Abl Credit Agreement (Veritiv Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), which notice may be given by telephone (to be promptly confirmed in each case writing, including by facsimile), specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR LoansLoans (except as otherwise provided in subsection 3.16(a)), $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,0005,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 10,000,000 or a whole multiple of $1,000,000 l,000,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.Revolving

Appears in 1 contract

Samples: Credit Agreement (Service Merchandise Co Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow Revolving Loans under the Revolving Credit Commitments on any Business Day during the Commitment Period on any Business Day, Period; provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing Borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing Borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Revolving Loan and the length respective lengths of the initial Interest Period Periods therefor. Any Revolving Loans made on the Closing Date shall be ABR Loans. Each borrowing Borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 relevant Lender thereof. Prior Each relevant Lender will make the amount of its pro rata share of each Borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 9.2 prior to 2:00 P.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing Such Borrowing will then immediately 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.

Appears in 1 contract

Samples: Credit Agreement (Gannett Co., Inc.)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Parent Borrower (on behalf of itself or such other Borrower, as the case may be) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:30 P.M., New York City time, (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Eurocurrency Loans or made in Dollars, (b) on 11:00 A.M., London time, at least three 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 made in any Designated Foreign Currency, or (c) 12:30 P.M., New York City time, at least one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the identity of the Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Eurocurrency Loans, ABR Loans or a combination thereof and (ivv) if the borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans, the amount respective amounts of each such Type of Loan and Loan, the length respective lengths of the initial Interest Period thereforPeriods therefor and, if the Eurocurrency Loans in respect of such borrowing are to be made entirely or partly in any Designated Foreign Currency, the Designated Foreign Currency thereof. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or Swing Line Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are (A) less than $5,000,000, $1,000,000 or a whole multiple thereof or (B) less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar LoansEurocurrency Loans (or, in the case of Eurocurrency Loans to be made in any Designated Foreign Currency, the Dollar Equivalent of the principal amount thereof shall be in an amount equal to), $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Parent Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M.Notwithstanding the foregoing, New York City time, the initial borrowing of Revolving Credit Loans on the Borrowing Effective Date requested by shall be in a maximum aggregate principal amount of $65,000,000. Subject to the satisfaction of the conditions precedent specified in subsection 6.2 (and subsection 6.3 in the case of a Foreign Subsidiary Borrower), each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 11.2 prior to 12:00 Noon (10:00 A.M. in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Revolving Credit Lender and the Parent Borrower reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by the Parent Borrower in Dollars or the applicable Designated Foreign Currency and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower identified in such notice by the Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Relocation Management Systems Inc)

Procedure for Revolving Credit Borrowing. The respective Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Parent Borrower (on its own behalf or on behalf of any Foreign Subsidiary Borrower) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date in the case of Eurocurrency Loans; provided that, this period shall be extended to four Business Days in the case of Optional Currency Revolving Credit Loans, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loansany Eurocurrency Loan, the amount of such Type of Loan currency thereof and the length of the initial Interest Period therefortherefor and (iv) in the case of an Optional Currency Revolving Credit Loan to a Foreign Subsidiary Borrower, the name and location of such Foreign Subsidiary Borrower. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of Back to Table of Contents ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans, the equivalent of $5,000,000 or a whole multiple of the equivalent of $1,000,000 in excess thereofthereof (or comparable amounts of any relevant Optional Currency, as determined from time to time by the Administrative Agent); provided, that the Swingline Lender may request, on behalf of the Parent Borrower, borrowings under the Revolving Credit Commitments that are ABR Loans in other amounts pursuant to Section 2.4. Upon receipt of any such notice from the Parent Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the respective Borrower at the Funding Office prior to 12:00 Noon, New York office City time (or in the case of Eurocurrency Loans, prior to 12:00 Noon, Local Time), on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Parent Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the respective Borrower by the Administrative Agent crediting the account of the respective Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower Representative shall give the Administrative Agent irrevocable (in the case of any notice except notice with respect to the initial Extension of Credit hereunder, which shall be irrevocable after the funding) notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 1:00 P.M., New York City time, (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) 10:00 A.M., New York City time, on the requested Borrowing Date, otherwise), in each case for ABR Loans) specifying (i) the identity of a Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (ivv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or a whole multiple Swingline Loans, in multiples of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments then available (as calculated in accordance with Subsection 2.1(a)) are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000, or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, Borrower Representative the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Prior Subject to 11:00 A.M., New York City time, the satisfaction of the conditions precedent specified in Subsection 6.2 (or in the case of the initial Extension of Credit on the Borrowing Date requested by the BorrowerClosing Date, Subsection 6.1), each applicable Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 Subsection 11.2 prior to 12:00 P.M. (or 9:00 A.M., in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Borrower reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by such Borrower and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, 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.

Appears in 1 contract

Samples: Credit Agreement (Emergency Medical Services CORP)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided PROVIDED that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000100,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 500,000 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. Prior Each Lender will make the amount of its pro rata share of each borrowing available to the Agent for the account of the Borrower at the office of the Agent specified in subsection 9.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Big City Radio Inc)

Procedure for Revolving Credit Borrowing. The Borrower Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower Borrowers shall give the Administrative Agent irrevocable written notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar LIBOR Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar LIBOR Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar LIBOR Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof. Upon receipt of any such notice from the BorrowerBorrowers, the Administrative Agent shall promptly notify each Lender thereof. Prior Upon receipt of such notice from the Administrative Agent, each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrowers at the office of the Administrative Agent specified in subsection 10.2 prior to 11:00 A.M.a.m., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 Borrowers in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Borrowers by the Administrative Agent crediting the account of the Borrower Company 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.

Appears in 1 contract

Samples: Assumption Agreement (TWP Capital Corp Ii)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under Borrowings shall be made on notice from the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower shall give Funds Administrator to the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent x) prior to 10:00 A.M., 12:00 Noon (New York City time), (a) three Business Days prior to the requested Borrowing Dateborrowing date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or and (by) prior to 2:00 P.M. (New York City time), on the Business Day of the requested Borrowing Dateborrowing date, otherwise)with respect to Borrowings of Base Rate Loans, in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Dateborrowing date, (iii) whether the borrowing Borrowing is to be of Eurodollar Loans, ABR Loans Base Rate Loans, or a combination thereof and (iv) if the borrowing Borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing Borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to or in excess of (x) in the case of ABR Base Rate Loans, One Million Dollars ($5,000,000 or a whole multiple of $1,000,000 in excess thereof 1,000,000) (or, if less, the Aggregate then Total Available Revolving Credit Commitments are less than $1,000,000, such lesser amountCommitment) and (y) in the case of Eurodollar Loans, One Million Dollars ($5,000,000 or a whole multiple 1,000,000); PROVIDED, HOWEVER, that any Borrowing of $1,000,000 in excess thereof. Upon receipt of any such notice from Revolving Loans to be used solely to pay the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal aggregate amount of the Revolving drawing on any Letter of Credit Loans requested pursuant to SECTION 2.3 (c) may be made on in the amount of such drawing. Such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower Borrowers by the 4:00 P.M. (New York City time) by Administrative Agent Agent's crediting the account or accounts of Borrowers designated by the Borrower Funds Administrator 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 AgentLoans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Huntsman Polymers Corp)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Parent Borrower (on behalf of itself or such other Borrower, as the case may be) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 12:30 P.M., New York City time, (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Eurocurrency Loans or made in Dollars, (b) on 11:00 A.M., London time, at least three 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 made in any Designated Foreign Currency, or (c) 12:30 P.M., New York City time, at least one Business Day prior to the requested Borrowing Date, otherwise), in each case ) specifying (i) the identity of the Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Eurocurrency Loans, ABR Loans or a combination thereof and (ivv) if the borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans, the amount respective amounts of each such Type of Loan and Loan, the length respective lengths of the initial Interest Period thereforPeriods therefor and, if the Eurocurrency Loans in respect of such borrowing are to be made entirely or partly in any Designated Foreign Currency, the Designated Foreign Currency thereof. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or Swing Line Loans, $5,000,000 2,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are (A) less than $2,000,000, $1,000,000 or a whole multiple thereof or (B) less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar LoansEurocurrency Loans (or, in the case of Eurocurrency Loans to be made in any Designated Foreign Currency, the Dollar Equivalent of the principal amount thereof shall be in an amount equal to), $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the Parent Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M.Notwithstanding the foregoing, New York City time, the initial borrowing of Revolving Credit Loans on the Borrowing Closing Date requested by shall be in a maximum aggregate principal amount not exceeding the Maximum Initial Amount. Subject to the satisfaction of the conditions precedent specified in subsection 6.2 (and subsection 6.3 in the case of a Foreign Subsidiary Borrower), each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the its pro rata share of each borrowing of Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower identified in such notice at the New York office of the Administrative Agent specified in subsection 13.2 11.2 prior to 12:30 P.M. (or 10:00 A.M., in the case of the initial borrowing hereunder), New York City time, or at such other office of the Administrative Agent or at such other time as to which the Administrative Agent shall notify such Revolving Credit Lender and the Parent Borrower reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by the Parent Borrower in Dollars or the applicable Designated Foreign Currency and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower identified in such notice by the Administrative Agent crediting the account of the such Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Sirva Inc)

Procedure for Revolving Credit Borrowing. The Borrower may ---------------------------------------- borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the -------- Administrative Agent an irrevocable notice Borrowing Notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on 2:00 P.M., New York City time, one Business Day prior to the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Revolving Credit Loan and the length respective lengths of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share --- ---- of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 9.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Pledge Agreement (FLN Finance Inc)

Procedure for Revolving Credit Borrowing. The respective Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Parent Borrower (on its own behalf or on behalf of any Foreign Subsidiary Borrower) shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent (a) prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date in the case of Eurocurrency Loans; provided that, this period shall be extended to four Business Days in the case of Optional Currency Revolving Credit Loans, or (b) prior to 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, (iii) whether in the borrowing is to be case of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loansany Eurocurrency Loan, the amount of such Type of Loan currency thereof and the length of the initial Interest Period therefortherefor and (iv) in the case of an Optional Currency Revolving Credit Loan to a Foreign Subsidiary Borrower, the name, jurisdiction of organization and location of the chief executive office of such Foreign Subsidiary Borrower. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans, the equivalent of $5,000,000 or a whole multiple of the equivalent of $1,000,000 in excess thereofthereof (or comparable amounts of any relevant Optional Currency, as determined from time to time by the Administrative Agent); provided, that the Swingline Lender may request, on behalf of the Parent Borrower, borrowings under the Revolving Credit Commitments that are ABR Loans in other amounts pursuant to Section 2.1. Upon receipt of any such notice from the Parent Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the respective Borrower at the applicable Funding Office prior to 12:00 Noon, New York office City time (or in the case of Eurocurrency Loans, prior to 12:00 Noon, Local Time), on the Administrative Agent specified in subsection 13.2 Borrowing Date requested by the Parent Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the respective Borrower by the Administrative Agent crediting the account of the respective Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent. Each Lender, at its option, may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Parent Borrower or any Foreign Subsidiary Borrower, as the case may be, to repay such Loan in accordance with the terms of this Agreement. On the Closing Date, all Existing Revolving Credit Loans shall be deemed repaid (including for purposes of Section 2.18 of the Previous Credit Agreement) and such portion thereof that were ABR Loans shall be reborrowed as ABR Loans by the Parent Borrower and such portion thereof that were Eurocurrency Loans shall be reborrowed as Eurocurrency Loans by the Parent Borrower (it being understood that for each tranche of Existing Revolving Credit Loans that were Eurocurrency Loans, (x) the initial Interest Period for the relevant reborrowed Eurocurrency Loans shall equal the remaining length of the Interest Period for such tranche and (y) the Eurocurrency Rate for the relevant reborrowed Eurocurrency Loans during such initial Interest Period shall be the Eurocurrency Rate for such tranche immediately prior to the Closing Date) and Revolving Credit Lenders shall advance funds to the Administrative Agent no later than 12:00 Noon, New York City time on the Closing Date as shall be required to repay the Existing Revolving Credit Loans of Existing Revolving Credit Lenders such that each Revolving Credit Lender’s share of outstanding Revolving Credit Loans on the Closing Date is equal to its Revolving Credit Percentage (after giving effect to the Closing Date).

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Procedure for Revolving Credit Borrowing. The Borrower Each of the Borrowers may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower Representative shall give the Administrative Agent irrevocable (in the case of any notice except notice with respect to the initial Extension of Credit hereunder, which shall be irrevocable after the funding) notice in substantially the form attached as Exhibit S (which notice must be received by the Administrative Agent prior to 10:00 A.M.(a) 1:00 P.M., New York City time, (a) at least three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Eurocurrency Loans or (b) 10:0011:00 A.M., New York City time, on the requested Borrowing Date, otherwise), in each case for ABR Loans) specifying (i) the identity of a Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether the borrowing is to be of Eurodollar Eurocurrency Loans, ABR Loans or a combination thereof and (ivv) if the borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or a whole multiple Swingline Loans, in multiples of $1,000,000 in excess thereof 500,000 (or, if the Aggregate Available Revolving Credit Commitments then available (as calculated in accordance with subsection 2.1(a)) are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Eurocurrency Loans, $5,000,000 500,000, or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, Borrower Representative the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Prior Subject to 11:00 the satisfaction of the conditions precedent specified in subsection 6.2 (or in the case of the initial Extension of Credit on the Closing Date, subsection 6.1), each applicable Revolving Credit 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 identified in such notice at the office of the Administrative Agent specified in subsection 11.2 prior to 3:00 P.M., New York City time. (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than two hours following notice) (or 9:00 A.M., in the case of the initial borrowing hereunder (or, if the time period for the Borrower Representative’s delivery of notice was extended, such later time as agreed to by the Borrower Representative and the Administrative Agent in its reasonable discretion, but in no event less than one hour following notice)), New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing will then be made available to the Borrower by the The Administrative Agent crediting shall on such date credit the account of the applicable Borrower on the books of such office the Administrative Agent 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.

Appears in 1 contract

Samples: Credit Agreement (Us LBM Holdings, Inc.)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business DayDay during the Revolving Credit Commitment Period, provided that the Borrower shall give deliver to the Administrative Agent irrevocable notice a Borrowing Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Date, otherwisein the case of Base Rate Loans). Any Revolving Credit Loans made on the Closing Date shall initially be Base Rate Loans. Except as provided in Section 2.4 or 3.5, in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Revolving Credit Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make its Revolving Credit Percentage of the amount of each borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the Funding Office prior to 3:00 PM, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Northwestern Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 written (or telephonic promptly confirmed in writing) notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each such notice shall be given by the Borrower in the form of Exhibit G. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (xA) in the case of ABR Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then aggregate Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (yB) in the case of Eurodollar Loans, $5,000,000 1,000,000 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 Revolving Credit Lender thereof. Prior Each Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 10.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Omniamerica Inc)

Procedure for Revolving Credit Borrowing. The Borrower Company may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower Company shall give the Administrative Agent irrevocable notice in the form of a Notice of Borrowing (which notice must be received by the Administrative Agent prior to 10:00 A.M.11:00 A.M. (Charlotte, New York City North Carolina time), (a) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on at least one Business Day prior to the requested Borrowing Date, otherwise; provided that such notice may be given prior to 11:00 A.M. (Charlotte, North Carolina time) on the Closing Date with respect to Revolving Credit Loans to be made on the Closing Date), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Revolving Credit Loans made on the Closing Date shall be Base Rate Loans, provided that such Loans may be Converted to Eurodollar Loans pursuant to Section 4.4 after the Closing Date. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from the BorrowerCompany, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Each Revolving Credit Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower Company at the New York office of the Administrative Agent specified in subsection 13.2 Section 11.2 prior to 1:00 P.M., (Charlotte, North Carolina time), on the Borrowing Date requested by the Company in funds immediately available to the Administrative AgentAgent in Dollars. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower Company by the Administrative Agent crediting the account of the Borrower Company on the books of such office (or such other account as may be designated by the Company and as may be acceptable to the Administrative Agent) 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.

Appears in 1 contract

Samples: Credit Agreement (Juno Lighting Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice shall be in the form of Exhibit A-4 attached hereto and must be received by the Administrative Agent prior to 10:00 A.M.a.m., New York City Chicago, Illinois time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length respective durations of the initial Interest Periods therefor; provided, that the Borrower may not select any Interest Period thereforfor a Eurodollar Loan that has a duration of more than one month during the period from the date of this Agreement until March 1, 2001 (or such earlier date as shall be specified in its sole discretion by the Arranger in a written notice to the Borrower and the Lenders. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, at least $5,000,000 or a whole multiple of $1,000,000 in excess thereof 500,000 (or, if the Aggregate then Available Revolving Credit RC Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Loans, at least $5,000,000 or a whole multiple of $1,000,000 in excess thereof1,000,000. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Revolving Credit Lender thereof. Prior to Not later than 11:00 A.M.a.m., New York City Chicago, Illinois time, on the such Borrowing Date requested by the BorrowerDate, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date Lender shall make available for the account of its Applicable Lending Office to the Administrative Agent for at its office specified in Section 13.2 the account amount of such Revolving Credit Lender's Pro Rata Share of such borrowing in immediately available funds. After the Administrative Agent's receipt of such funds and upon satisfaction of the Borrower at the New York office of applicable conditions set forth in Section 8, the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, shall on such borrowing will then be made available to the Borrower by the Administrative Agent crediting date credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate amount of such funds; provided, however, that the amounts made Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any drawings under any Letter of Credit paid by the Issuing Lender which have not been reimbursed and remain outstanding on such date, plus accrued and unpaid interest thereon as of such date, available to the Administrative Agent by the Lenders Issuing Lender for reimbursement of such Letter of Credit drawings. If any Revolving Credit Lender fails to fund any Revolving Credit Loan as and in like funds as received by the Administrative Agent.when required to be made under this Agreement, and such

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 at the Funding Office prior to 10:00 11:30 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan Eurodollar Loans and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing of Loans under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 100,000 or a whole multiple of $1,000,000 100,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000100,000, such lesser amount) and (y) in the case of Eurodollar Loans, an amount equal to $5,000,000 1,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall (a) in the case of a notice requesting a borrowing of Eurodollar Loans, promptly notify each Lender thereof. Prior thereof and (b) in the case of a notice requesting a borrowing of Base Rate Loans, notify each Lender thereof prior to 11:00 A.M., New York City time, 1:00 P.M. on the requested Borrowing Date requested by the Borrower, each Date. Each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit its pro rata share of each borrowing of Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of Funding Office prior to the Administrative Agent specified in subsection 13.2 Funding Time on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided Such borrowing in subsection 2.16, such borrowing Dollars will then be made available to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office Funding 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.

Appears in 1 contract

Samples: Credit Agreement (Audiovox Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent an irrevocable notice in the form of a Notice of Borrowing (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) 12:00 Noon (Charlotte, North Carolina time) at least three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) prior to 12:00 Noon (Charlotte, North Carolina time) on the requested Borrowing Date, otherwiseif the requested Revolving Credit Loans are to be initially Base Rate Loans), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans Base Rate Loans, or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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 (or in the case of a Base Rate Loan by 1:00 p.m. (Charlotte, North Carolina time)) notify each Lender thereof. Prior Subject to 11:00 A.M., New York City time, on the Borrowing Date requested by satisfaction of the Borrowerconditions precedent specified in Section 4, each Revolving Credit Lender will make an the amount equal to of its Funding Commitment Revolving Credit Percentage of the principal amount each borrowing of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 Section 10.2 prior to 2:00 P.M. (Charlotte, North Carolina time) on the Borrowing Date requested by the Borrower in Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the an account of the Borrower on the books of at such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Promedco Management Co)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the 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 10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) on the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount of such Type of Loan and the length of the initial Interest Period therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an 20 15 amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Revolving Credit Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 10.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Boston Scientific Corp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Tranche A Revolving Credit Commitments during the Tranche A 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 10:00 A.M.(a) 3:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part in the case of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) 11:00 A.M., New York City time, on the requested Borrowing Date, otherwisein the case of ABR Loans), in each case specifying (i) the amount and Type of Tranche A Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether in the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly case of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period therefor. Each borrowing under the Tranche A Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof (or, if the Aggregate then aggregate Available Tranche A Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Tranche A Revolving Lender thereof. Prior Each Tranche A Revolving Lender will make the amount of its pro rata share of each borrowing available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 10.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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 Tranche A Revolving Credit Lenders and in like funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Ddi Capital Corp/Dynamic Details Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day, provided PROVIDED that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans initially are to be initially Eurodollar Loans or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in subsection 11.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Canton Oil & Gas Co)

Procedure for Revolving Credit Borrowing. The Borrower may borrow 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 10:00 A.M.12:30 PM, New York City time, at least (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, except any ABR Loan to be used solely to pay a like amount of outstanding Reimbursement Obligations or Swing Line Loans, $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Prior Each Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to 11:00 A.M.the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 11.2 prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 Dollars and in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (Raci Holding Inc)

Procedure for Revolving Credit Borrowing. The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Working Day, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans, or on any Business Day, otherwise, provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, (a) three Business Working Days prior to the requested Borrowing Date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on one Business Day prior to the requested Borrowing Date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether the borrowing is to be of Eurodollar Loans, ABR Alternate Base Rate Loans or a combination thereof thereof, and (iv) if the borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of such Type of Revolving Credit Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Alternate Base Rate Loans, $5,000,000 500,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate then Available Revolving Credit Commitments are less than $1,000,000500,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 1,000,000 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. Prior Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 11.2 prior to 11:00 A.M., New York City time, on the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such 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.

Appears in 1 contract

Samples: Credit Agreement (El Paso Energy Partners Lp)

Procedure for Revolving Credit Borrowing. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during the Commitment Period on any Business Day, Day on or after the Availability Date and through the Commitment Period; provided that the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M.12:00 P.M., New York City Boston time, (a) three (3) Business Days prior to the requested Borrowing Dateborrowing date, if all or any part of the requested Revolving Credit Loans are to be initially Eurodollar Loans Loans, or (b) on the requested Borrowing Dateborrowing date, otherwise), in each case specifying (i) the amount to be borrowed, (ii) the requested Borrowing Dateborrowing date, (iii) whether the borrowing Borrowing is to be of Eurodollar Loans, ABR Base Rate Loans or a combination thereof thereof, and (iv) if the borrowing Borrowing is to be entirely or partly of Eurodollar Loans, the amount respective amounts of each such Type of Loan and the length respective lengths of the initial Interest Period Periods therefor. Each borrowing Borrowing under the Revolving Credit Commitments (other than a borrowing under subsections 2.4, 2.16 and 5.5) shall be in an amount equal to (x) in the case of ABR Loans, $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the Aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 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. Prior to 11:00 A.M., New York City time, on Each Lender shall make the Borrowing Date requested by the Borrower, each Lender will make an amount equal to its Funding Commitment Percentage of the principal amount of the Revolving Credit Loans requested to be made on such its pro rata share (determined in accordance with its Commitment Percentage) of each Borrowing Date available to the Administrative Agent for the account of the Borrower at the New York office of Administrative Agent’s Office prior to 1:00 P.M., Boston time, on the Administrative Agent specified in subsection 13.2 borrowing date requested by the Borrower in funds immediately available to the Administrative Agent. Except as otherwise provided in subsection 2.16, such borrowing Such Borrowing will then immediately be made available to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office the Administrative Agent’s 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Liberty Mutual Agency Corp)

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