Common use of Procedure for Revolving Credit Borrowing Clause in Contracts

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. (Chicago time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 3 contracts

Samples: First Lien Revolving Credit Agreement (GSE Holding, Inc.), First Lien Revolving Credit Agreement (GSE Holding, Inc.), First Lien Credit Agreement (GSE Holding, Inc.)

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Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.510.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $50,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless the Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by the Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 3 contracts

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

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. (Chicago time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loandate. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans250,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. Notwithstanding anything contained herein or in any of the other Loan Documents to the contrary, no more than two (2) Borrowings may be made in any calendar month. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Restatement Effective Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 3 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 12:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan (or the requested Borrowing Date in the case of Revolving Loan aggregating less than $1,000,000) and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing Loan and shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on by the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentBorrower.

Appears in 2 contracts

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to the Revolver Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to the Revolver Agent, which notice must be received by the Revolver Agent prior to 1:00 2:00 p.m. (Chicago timei) on the date which is three (i3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (ivb) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (bc) Upon receipt of a Notice of Borrowing, the Revolver Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (cd) Unless the Revolver Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by the Revolver Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentRevolver Agent from time to time but no more than two (2) times in any Fiscal Year; provided, in no event shall the Borrower direct the proceeds of the requested Borrowing to be transferred by the Revolver Agent into any account that is not subject to a Control Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Truck Hero, Inc.), Credit Agreement (TA THI Parent, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.510.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $50,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless the Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Initial Closing Date will be made available to the Borrower Borrowers by the Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 2 contracts

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

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.510.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $50,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless the Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by the Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 2 contracts

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

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. (Chicago New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iiiii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Base Rate LoanLoan equal to or less than $50,000,000. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans)Borrowing; (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time provided by written notice from the Borrower to Agent.

Appears in 2 contracts

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

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.59.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan and (ii) on the same Business Day as the requested Borrowing date of each Base Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be comprised of LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 2 contracts

Samples: Credit Agreement (Constellium N.V.), Credit Agreement (Constellium N.V.)

Procedure for Revolving Credit Borrowing. Each of the Borrowers may borrow under the Commitments during the Commitment Period on any Business Day, provided that the Borrower Representative shall give the Administrative Agent irrevocable (a) Each Borrowing in the case of a Revolving Loan any notice except notice with respect to the initial Extension of Credit hereunder, which shall be made upon irrevocable after the Borrower’s irrevocable (subject to Section 10.5funding) written notice delivered to Agent in substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, attached as Exhibit S (which notice must be received by the Administrative Agent prior to (a) 1:00 p.m. P.M., New York City time, at least three Business Days (Chicago timeor such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) (i) on the date which is one (1) Business Day prior to the requested Borrowing date Date, if all or any part of each Base Rate Loan and the requested Revolving Credit Loans are to be initially Eurocurrency Loans or (b) 10:0011:00 A.M., New York City time, on the requested Borrowing Date, for ABR Loans) specifying (i) the identity of a Borrower, (ii) on the day which is three amount to be borrowed, (3iii) Business Days prior to the requested Borrowing date Date, (iv) whether the borrowing is to be of Eurocurrency Loans, ABR Loans or a combination thereof and (v) if the borrowing is to be entirely or partly of Eurocurrency Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Each borrowing shall be in an amount equal to (x) in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the 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 $500,000 (or, if the Borrowing Commitments then available (which shall be as calculated in an aggregate minimum principal amount of at least accordance with subsection 2.1(a)) are less than $500,000, such lesser amount) and (xy) $250,000 in the case of Base Rate Loans and Eurocurrency Loans, $500,000, or a whole multiple of $500,000 in excess thereof. Upon receipt of any such notice from the Borrower Representative the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Subject to the satisfaction of the conditions precedent specified in subsection 6.2 (y) $1,000,000 or in the case of LIBOR Rate Loansthe initial Extension of Credit on the Closing Date, subsection 6.1); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period each applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent Revolving Credit Lender will promptly notify each Revolving Lender of such Notice of Borrowing and of make the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds its pro rata share of each requested Borrowing after the Closing Date will be made 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 such Borrower and in funds immediately available to the Administrative Agent. The Administrative Agent shall on such date credit the account of the applicable Borrower on the books of the Administrative Agent with the aggregate of the amounts made to the Administrative Agent by wire transfer of such amount to the Borrower pursuant to Lenders and in like funds as received by the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Administrative Agent.

Appears in 1 contract

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

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, hereto (as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent).

Appears in 1 contract

Samples: Credit Agreement (WII Components, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Affymetrix Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.510.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate LoanLoan and, notwithstanding anything herein to the contrary, each Revolving Loan to be advanced to the UK Borrower. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $50,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless the Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by the Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (International Textile Group Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.511.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago timei) on the date which is three (i3) Business Days prior to the requested Borrowing date in the case of each SOFR Loan and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate SOFR Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate SOFR Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Restatement Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on in the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentNotice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Rimini Street, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made in Agent’s sole discretion upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.510.2) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. not later than 10:00 a.m. (Chicago prevailing Eastern time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loandate. Such Notice of Borrowing shall specify: specify (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least One Million Dollars (x$1,000,000.00)) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing, Agent’s determination to fund such Borrowing and of the amount of such Lender’s Commitment Allocation Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentSchedule 10.2.

Appears in 1 contract

Samples: Credit Agreement (Eplus Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago timei) on the date which is three (i3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least $100,000) (x) $250,000 other than Borrowings made in the case connection with a reimbursement of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate L/C Reimbursement Obligations or Swing Loans); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (NxStage Medical, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan equal to or less than $50.0 million, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $50.0 million and (iiiii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans1.0 million); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the The proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time given by written notice from the Borrower to the Agent.

Appears in 1 contract

Samples: Credit Agreement (Unisys Corp)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan equal to or less than $50,000,000, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000 and (iiiii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Essex Rental Corp.)

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Procedure for Revolving Credit Borrowing. Each of the Borrowers may borrow under the Commitments during the Commitment Period on any Business Day, provided that the Borrower Representative shall give the Administrative Agent irrevocable (a) Each Borrowing in the case of a Revolving Loan any notice except notice with respect to the initial Extension of Credit hereunder, which shall be made upon irrevocable after the Borrower’s irrevocable funding) notice (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by the Administrative Agent prior to (a) 1:00 p.m. P.M., New York City time, at least three Business Days (Chicago timeor such later time as may be agreed by the Administrative Agent in its reasonable discretion) (i) on the date which is one (1) Business Day prior to the requested Borrowing date Date, if all or any part of each Base Rate Loan and the requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) noon, 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, for ABR Loans) specifying (i) the identity of a Borrower, (ii) on the day which is three amount to be borrowed, (3iii) Business Days prior to the requested Borrowing date Date, (iv) whether the borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (v) if the borrowing is to be entirely or partly of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Each borrowing shall be in an amount equal to (x) in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the 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 $1,000,000 (or, if the Borrowing Commitments then available (which shall be as calculated in an aggregate minimum principal amount of at least accordance with Subsection 2.1(a)) are less than $1,000,000, such lesser amount) and (xy) $250,000 in the case of Base Rate Eurodollar Loans, $1,000,000, or a whole multiple of $500,000 in excess thereof. Upon receipt of any such notice from the Borrower Representative the Administrative Agent shall promptly notify each applicable Revolving Credit Lender thereof. Subject to the satisfaction of the conditions precedent specified in Subsection 6.2, each applicable Revolving Credit Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans and 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 noon (yor (i) $1,000,000 9:00 A.M., in the case of LIBOR Rate Loans); a borrowing hereunder on the Third Amendment Effective Date (other than a borrowing of ABR Loans for which notice is provided on the Third Amendment Effective Date or (ii) 3:00 P.M. in the requested Borrowing datecase of a borrowing of ABR Loans on same day notice), 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 be a Business Day; (iii) whether notify such Borrower reasonably in advance of the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if Date with respect thereto, on the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to Date requested by such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing Borrower and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made funds immediately available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Envision Healthcare Corp)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.511.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or or, at Borrower Representative’s election, in a writing in any other form acceptable to Agent, to the address for Notices of Borrowing set forth on the signature pages hereto, which notice must be received by Agent prior to 1:00 p.m. (Chicago time) 2:00 p.m. (i) on the date which is three (3) Business Days (or such shorter period as approved by Agent in its sole discretion) prior to the requested Borrowing date in the case of each SOFR Loan and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: 54 (i) the amount of the Borrowing (which shall not be in an aggregate minimum principal amount of at least (x) $250,000 in less than the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate LoansMinimum Revolving Credit Borrowing Amount); ; (ii) the requested Borrowing date, which shall be a Business Day; ; (iii) whether the Borrowing is to be comprised of LIBOR Rate SOFR Loans or Base Rate Loans; and and (iv) if the Borrowing is to be LIBOR Rate SOFR Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such LenderXxxxxx’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Phreesia, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s 's irrevocable (subject to Section 10.510.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 p.m. (Chicago New York time) (i) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $5,000,000 and in the case of the initial Loans to be made on the Closing Date, (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $5,000,000 and (iiiii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $50,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s 's Commitment Percentage of the Borrowing. (c) Unless the Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by the Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Banctec Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.511.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 p.m. 10:00 a.m. (Chicago Denver, Colorado time) (i) on the date day which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (iA) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (iiB) the requested Borrowing date, which shall be a Business Day; (iiiC) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (ivD) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (ba) Upon receipt of a Notice of Borrowing, the Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (cb) Unless the Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by the Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Ute Energy Upstream Holdings LLC)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a under the Revolving Loan shall be made upon the Borrower’s 's irrevocable (subject to Section 10.5) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, (which notice must be received by the Agent prior to 1:00 p.m. 10:30 a.m. (Chicago time) (ix) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $1,000,000, (y) on the day which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan in excess of $1,000,000 but equal to or less than $3,000,000 and (iiz) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate LoanLoan and each Base Rate Loan in excess of $3,000,000; provided, that with respect to Loans subsequent to the initial Loans, the Borrower may give notice of the requested Borrowing to the Agent by telephone call, with such notice confirmed within 24 hours by delivery to the Agent of a signed Notice of Borrowing. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which which, in the case of a Borrowing of LIBOR Rate Loans, shall be in an aggregate minimum principal amount of at least (x) $250,000 100,000 and multiples of $100,000 in excess thereof and in the case of Base Rate Loans Loans, shall be in a minimum principal amount of $100,000 and (y) multiples of $1,000,000 50,000 in the case of LIBOR Rate Loansexcess thereof); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. provided, however, that with respect to the Borrowing to be made on the Restatement Effective Date, if any, the Notice of Borrowing shall be delivered to the Agent not later than 10:30 a.m. (Chicago time) one Business Day before the Restatement Effective Date and such Borrowing will consist of Base Rate Loans only. (b) Upon receipt of a the Notice of Borrowing, the Agent will promptly notify each Revolving Lender with a Commitment affected thereby of such Notice of Borrowing and of the amount of such Lender’s 's Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Restatement Effective Date will be made available to the Borrower by the Agent by wire transfer (or ACH transfer) of such amount to the Borrower pursuant to at Union Bank of California, 000 X Xxxxxx, Xxx Xxxxx, XX 00000, ABA Number 122-00496 for the wire transfer instructions specified on the signature page heretoaccount of Esquire Communications Ltd., as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentAccount No. 0000000000.

Appears in 1 contract

Samples: Credit Agreement (Esquire Communications LTD)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. 12:00 noon (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan Loan, and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $15,000,000 and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $15,000,000. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day;; Winnebago Credit Agreement 41858764 (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Winnebago Industries Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.511.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago timei) on the date which is three (i3) Business Days prior to the requested Borrowing date (or such later date as Agent may agree in writing) in the case of each SOFR Loan, and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) or such later date as Agent may agree in writing); provided that notwithstanding the foregoing such notice may state that such Borrowing is conditioned upon the effectiveness of the closing of a transaction, in which case such notice may be revoked by the Borrower (by notice to Agent on the day which is three (3) Business Days or prior to the requested specified effective date) if such condition is not satisfied and such Borrowing date in the case of each LIBOR Rate Loanshall not occur. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall not be in an aggregate minimum principal amount of at least (x) $250,000 in less than the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate LoansMinimum Revolving Credit Borrowing Amount); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate SOFR Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate SOFR Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentSchedule 1.

Appears in 1 contract

Samples: Credit Agreement (Iteris, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $25,000,000, and (iii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior equal to the requested Borrowing date in the case of each LIBOR Rate Loanor less than $25,000,000. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans250,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Diplomat Pharmacy, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 12:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing Loan and shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the Borrower, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower by Agent by wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on by the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to AgentBorrower.

Appears in 1 contract

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago time) (ix) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan and (y) on the date which is one (1) Business Days prior to the requested Borrowing date in the case of each Base Rate Loan. Such Notice of Borrowing shall specify: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of at least (x) $250,000 in the case of Base Rate Loans and (y) $1,000,000 in the case of LIBOR Rate Loans100,000); (ii) the requested Borrowing date, which shall be a Business Day; (iii) whether the Borrowing is to be comprised of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Loans, the Interest Period applicable to such Loans. (b) Upon receipt of a Notice of Borrowing, Agent will promptly notify each Revolving Lender of such Notice of Borrowing and of the amount of such Lender’s Commitment Percentage of the Borrowing. (c) Unless Agent is otherwise directed in writing by the BorrowerBorrower Representative, the proceeds of each requested Borrowing after the Closing Date will be made available to the Borrower Borrowers by Agent by wire transfer of such amount to the Borrower Borrowers pursuant to the wire transfer instructions specified on the signature page hereto, as such wire transfer instructions may be updated from time to time by written notice from the Borrower to Agent.

Appears in 1 contract

Samples: Credit Agreement (Igi Laboratories, Inc)

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