Common use of Procedure for Revolving Credit Borrowing Clause in Contracts

Procedure for Revolving Credit Borrowing. (a) Each Borrower may borrow under the Commitments during the Commitment Period on any Business Day; provided, that the applicable Borrower shall give the Administrative Agent irrevocable written notice, substantially in the form of Exhibit F hereto, (i) prior to 12:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans and (ii) prior to 12:00 P.M., New York City time, on the requested Borrowing Date, in the case of ABR Loans, specifying (A) the amount to be borrowed, (B) the requested Borrowing Date, (C) whether the borrowing is to be a Eurodollar Loan, an ABR Loan, or a combination thereof and (D) the length of the Interest Period for each Eurodollar Loan included in such notice. If no election as to the Type of borrowing is specified, then the requested borrowing shall be an ABR borrowing. If no Interest Period is specified with respect to any requested Eurodollar borrowing, then the Interest Period shall be deemed to be one month. Each Eurodollar or ABR borrowing under the Commitments shall be in an aggregate principal amount of the lesser of (1) $10,000,000 or a whole multiple of $1,000,000 in excess thereof, and (2) the then Available Commitments.

Procedure for Revolving Credit Borrowing. (a) Each The Borrower may borrow under the Commitments during the Commitment Period on any Business Day; provided, provided that the applicable Borrower shall give the Administrative Agent irrevocable written noticea Borrowing Request, substantially in the form of Exhibit F heretowhich Borrowing Request shall be irrevocable, (i) prior to 12:00 1:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans and (ii) prior to 12:00 P.M., New York City time, on the requested Borrowing Date, in the case of ABR Reference Rate Loans, specifying (A) the amount to be borrowed, (B) the requested Borrowing Date, (C) whether the borrowing is to be a Eurodollar Loan, an ABR Loan, Loan a Reference Rate Loan or a combination thereof and (D) the length of the Interest Period for each Eurodollar Loan included in such notice. If no election as to the Type of borrowing is specified, then the requested borrowing shall be an ABR borrowing. If no Interest Period is specified with respect to any requested Eurodollar borrowing, then the Interest Period shall be deemed to be one monthBorrowing Request. Each Eurodollar or ABR borrowing under the Commitments shall be in an aggregate principal amount of the lesser of (1) (x) in the case of Eurodollar Loans, $10,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof and (y) in the case of Reference Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof, and (2) the then Available Commitments.

Procedure for Revolving Credit Borrowing. (a) Each The Borrower may borrow under the Commitments during the Commitment Period on any Business Day; provided, provided that the applicable Borrower shall give the Administrative Agent irrevocable written noticea Borrowing Request, substantially in the form of Exhibit F heretowhich Borrowing Request shall be irrevocable, (i) prior to 12:00 1:00 P.M., New York City time, three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans and (ii) prior to 12:00 1:00 P.M., New York City time, on the requested Borrowing Date, in the case of ABR Reference Rate Loans, specifying (A) the amount to be borrowed, (B) the requested Borrowing Date, (C) whether the borrowing is to be a Eurodollar Loan, an ABR Loan, Loan a Reference Rate Loan or a combination thereof and (D) the length of the Interest Period for each Eurodollar Loan included in such notice. If no election as to the Type of borrowing is specified, then the requested borrowing shall be an ABR borrowing. If no Interest Period is specified with respect to any requested Eurodollar borrowing, then the Interest Period shall be deemed to be one monthBorrowing Request. Each Eurodollar or ABR borrowing under the Commitments shall be in an aggregate principal amount of the lesser of (1) (x) in the case of Eurodollar Loans, $10,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof and (y) in the case of Reference Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof, and (2) the then Available Commitments.