Common use of Procedure for Revolving Credit Borrowings Clause in Contracts

Procedure for Revolving Credit Borrowings. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) notice, which may be in the form of a telephonic notice followed promptly by 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 the Agent, which notice must be received by the Agent prior to 1:00 p.m. (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 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 $500,000 with respect to Revolving Loans that are LIBOR Rate Loans and $250,000 with respect to Revolving Loans that are Base 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, 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) 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 (or as directed by the Borrower in written directions from the Borrower to the Agent).

Procedure for Revolving Credit Borrowings. (a) Each Borrowing of a The Borrower may borrow under the Revolving Credit Commitments or under any Incremental Revolving Loan Facility during the Revolving Credit Commitment Period or the commitment period applicable thereto, as the case may be, on any Business Day, provided that the Borrower shall be made upon give the Borrower’s Administrative Agent irrevocable written (subject to Section 10.5or telephonic promptly confirmed in writing) notice, which may be in the form of a telephonic notice followed promptly by 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 the Agent, (which notice must be received by the Administrative Agent prior to 1:00 p.m. (a) 12:00 Noon, New York City time) (i) on the date which is , three (3) Business Days prior to the requested Borrowing date Date, in the case of each LIBOR Rate Loan and Eurodollar Loans, or (iib) 11:00 a.m., New York City time, on the requested Borrowing date Date (which notice may be conditional upon the closing of a Permitted Acquisition to be financed by such borrowing), in the case of each Base Rate Loan. Such Notice of Borrowing shall specify: ABR Loans), specifying (i) the amount and Type of the Borrowing (which shall be in an aggregate minimum principal amount of $500,000 with respect to Revolving Loans that are LIBOR Rate Loans and $250,000 with respect to Revolving Loans that are Base Rate Loans); be borrowed, (ii) the requested Borrowing dateDate, which shall be a Business Day; and (iii) whether in the Borrowing is to be comprised case of LIBOR Rate Loans or Base Rate Loans; and (iv) if the Borrowing is to be LIBOR Rate Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period applicable therefor. Each such notice shall be given by the Borrower in the form of Exhibit J. Each borrowing under the Revolving Credit Commitments or under any Incremental Revolving Loan Facility shall be in an amount equal to (A) in the case of ABR Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments or available commitments under such Incremental Revolving Loan Facility, as the case may be, are less than $1,000,000, such lesser amount) and (B) in the case of Eurodollar Loans. (b) , $5,000,000 or a whole multiple of $100,000 in excess thereof. Upon receipt of a Notice of Borrowingany such notice from the Borrower, the Administrative Agent will shall promptly notify each Revolving applicable Lender of such Notice of Borrowing and of thereof. Each applicable Lender will make the amount of such Lender’s Commitment Percentage its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrowing. (c) The proceeds Borrower at the office of each the Administrative Agent specified in subsection 10.2 prior to 12:00 Noon, New York City time, on the Borrowing Date, requested Borrowing after by the Closing Date Borrower in funds immediately available to the Administrative Agent on such date. 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 wire transfer of such amount to the Borrower pursuant to the wire transfer instructions specified on the signature page hereto (or Lenders and in like funds as directed received by the Borrower Administrative Agent on such date. The provisions of the paragraph shall be subject to any applicable limitations or requirements in written directions from the Borrower to the Agent)relevant Incremental Revolving Loan Activation Notice.