Common use of Procedure for Revolving Credit Borrowing Clause in Contracts

Procedure for Revolving Credit Borrowing. DW Animation may borrow under the Commitments during the Commitment Period on any Business Day; provided that DW Animation shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to (a) 3:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans or (b) 12:00 noon, New York City time on the requested Borrowing Date, in the case of ABR Loans), specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether such borrowing shall consist of Eurodollar Loans or ABR Loans, and (iv) in the case of Eurodollar Loans, the respective amounts thereof and the respective lengths of the initial Interest Periods therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the 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 $500,000 in excess thereof. Upon receipt of any such notice from DW Animation, the Administrative Agent shall promptly notify each relevant Lender thereof. Each relevant Lender will make the amount of its pro rata share of each borrowing available to 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 DW Animation in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation by the Administrative Agent crediting the account of 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.

Procedure for Revolving Credit Borrowing. DW Animation Each of the Borrowers may borrow under the Revolving Facility Commitments during the Commitment Period on any Business Day; , provided that DW Animation the applicable Borrower shall give the Administrative Agent Agent, irrevocable notice (notice, which notice must be received by the Administrative Agent prior to (a) 3:00 12:30 P.M., New York City time, at least three Business Days prior to the requested Borrowing Date, in if all or any part of the case of Eurodollar requested Revolving Credit Loans are to be initially Eurocurrency Loans or (b) 12:00 noon10:00 a.m., New York City time time, on the requested Borrowing Date, in the case of for ABR Loans), in each case specifying (i) the identity of the Borrower, (ii) the amount to be borrowed, (iiiii) the requested Borrowing Date, (iiiiv) whether such the borrowing shall consist is to be of Eurodollar Eurocurrency Loans, ABR Loans or ABR Loans, a combination thereof and (ivv) in if the case borrowing is to be entirely or partly of Eurodollar Eurocurrency Loans, the respective amounts thereof of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the case of ABR Loans, in multiples of $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the Revolving Facility Commitments then Unutilized Commitments available (as calculated in accordance with Section 2.1(a)) are less than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, Eurocurrency Loans shall be in an amount equal to $5,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. Upon receipt of any such notice from DW Animationa Borrower, the Administrative Agent shall promptly notify each relevant applicable Revolving Credit Lender thereof. Each relevant Subject to the satisfaction of the conditions precedent specified in Section 6.2, 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 DW Animation the Borrower identified in such notice at the office of the Administrative Agent Agent, specified in Section 10.2 11.2 prior to 1:00 P.M.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 Borrower reasonably in advance of the Borrowing Date with respect thereto, on the Borrowing Date requested by DW Animation such Borrower in Dollars and in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation by the Administrative Agent crediting the account of 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.

Procedure for Revolving Credit Borrowing. DW Animation may borrow under the Commitments during the Commitment Period on any Business Day; , provided that DW Animation shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to (a) 3:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans or (b) 12:00 noon, New York City time on the requested Borrowing Date, in the case of ABR Loans), specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether such borrowing shall consist of Eurodollar Loans or ABR Loans, and (iv) in the case of Eurodollar Loans, the respective amounts thereof and the respective lengths of the initial Interest Periods therefor. Each borrowing under the Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the 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 $500,000 in excess thereof. Upon receipt of any such notice from DW Animation, the Administrative Agent shall promptly notify each relevant Lender thereof. Each relevant Lender will make the amount of its pro rata share of each borrowing available to 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 DW Animation in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation by the Administrative Agent crediting the account of 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.

Procedure for Revolving Credit Borrowing. DW Animation The Borrowers may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day; , provided that DW Animation the Borrowers shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to (a) 3:00 P.M.12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans Loans, or (b) 12:00 noon, New York City time on one Business Day prior to the requested Borrowing Date, in the case of ABR Base Rate Loans), specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether such borrowing shall consist of Eurodollar Loans or ABR Loans, and (iv) in the case of Eurodollar Loans, the respective amounts thereof of each such Type of Loan and the respective lengths of the initial Interest Periods Period therefor. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then Unutilized 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 $500,000 1,000,000 in excess thereof. Upon receipt of any such notice from DW Animationthe Borrowers, the Administrative Agent shall promptly notify each relevant Revolving Credit Lender thereof. Each relevant Revolving Credit Lender will make the amount of its pro rata share of each borrowing 33 28 available to the Administrative Agent for the account of DW Animation the Borrowers at the office of the Administrative Agent specified in Section 10.2 Funding Office prior to 1:00 P.M.12:00 Noon, New York City time, on the Borrowing Date requested by DW Animation the Borrowers in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation the Borrowers by the Administrative Agent crediting the account of 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.

Procedure for Revolving Credit Borrowing. DW Animation The Company may borrow under the Revolving Credit Commitments during the Commitment Period on any Business Day; , provided that DW Animation the Company shall give deliver to the Administrative Agent the Company's irrevocable notice (which notice must be received by the Administrative Agent Notice of Borrowing prior to (a) 3:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the requested Borrowing Dateborrowing date, in if all or any part of the case of requested Revolving Credit Loans are to be initially Eurodollar Loans or (b) 12:00 noon, New York City time on one Business Day prior to the requested Borrowing Dateborrowing date, in the case of ABR Loans), specifying (i) the amount to be borrowed, (ii) the requested Borrowing Date, (iii) whether such borrowing shall consist of Eurodollar Loans or ABR Loans, and (iv) in the case of Eurodollar Loans, the respective amounts thereof and the respective lengths of the initial Interest Periods therefor24 19 otherwise. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of ABR Loans, $1,000,000 10,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof (or, if the then Unutilized Available Commitments are less than $1,000,00010,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $5,000,000 10,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. Upon receipt of any such notice Notice of Borrowing from DW Animationthe Company, the Administrative Agent shall promptly notify each relevant Lender thereof. Each relevant Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of DW Animation the Company at the office of the Administrative Agent specified in Section 10.2 subsection 14.2 prior to 1:00 P.M.11:00 A.M., New York City time, on the Borrowing Date borrowing date requested by DW Animation the Company in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation the Company by the Administrative Agent crediting transferring to the account of DW Animation on directed by the books of such office Company (which account need not be maintained by the Administrative Agent) 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.

Procedure for Revolving Credit Borrowing. DW Animation The Borrower may borrow under the Revolving Credit Commitments during the Revolving Credit Commitment Period on any Business Day; , provided that DW Animation the Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to (a) 3:00 P.M.prior to 12:00 Noon, New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans Loans, or (b) 12:00 noonprior to 10:00 A.M., New York City time time, on the requested Borrowing Date, in the case of ABR Base Rate Loans), specifying (i) the amount and Type of Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date, Date and (iii) whether such borrowing shall consist of Eurodollar Loans or ABR Loans, and (iv) in the case of Eurodollar Loans, the respective amounts thereof and the respective lengths length of the initial Interest Periods Period therefor. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case of ABR Base Rate Loans, $1,000,000 500,000 or a whole multiple of $100,000 in excess thereof (or, if the then Unutilized 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 $500,000 1,000,000 in excess thereof. Upon receipt of any such notice from DW Animationthe Borrower, the Administrative Agent shall promptly notify each relevant Revolving Credit Lender thereof. Each relevant Revolving Credit Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of DW Animation the Borrower at the office of the Administrative Agent specified in Section 10.2 Funding Office prior to 1:00 P.M.12:00 Noon, New York City time, on the Borrowing Date requested by DW Animation the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to DW Animation the Borrower by the Administrative Agent crediting the account of 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.