Common use of Procedure for Revolving Credit Borrowings Clause in Contracts

Procedure for Revolving Credit Borrowings. Subject to the terms and conditions hereof, Borrower may borrow under the Revolving Credit Commitment during the Revolving Credit Commitment Period on any Business Day. Borrower may request Revolving Credit Loans, from time to time, by submitting irrevocable Loan requests in such form and manner as Lender may require or permit (including, without limitation, telephone requests), specifying the amount to be borrowed, whether the borrowing will be at the Base Rate or the Eurodollar Rate, the Interest Period, if a Eurodollar Loan is requested, the requested Borrowing Date, the manner in which Borrower would like the proceeds of such Loan disbursed and a certification that the Borrower is in compliance with this Loan Agreement immediately before and after giving effect to the making of such Loan. If such Revolving Credit Loan request is for a Base Rate Revolving Credit Loan and is properly made and received by Lender prior to 12:00 noon (Eastern Time) on a Business Day, requesting a Revolving Credit Loan on that Business Day, Lender shall make such Revolving Credit Loan on the same Business Day. If, however, such Revolving Credit Loan request is received by Lender after 12:00 noon (Eastern Time) on a Business Day, Lender shall make the Revolving Credit Loan not later than the next Business Day. Revolving Credit Loans bearing interest at the Eurodollar Rate will be made on the second Business Day following receipt of the borrowing request by Lender. Lender may require telephone requests to be confirmed promptly in writing and Borrower shall indemnify and hold Lender harmless for any action, including the making of any advance or any loss or expenses taken or incurred by Lender in reliance upon any such telephone request. Each borrowing pursuant to the Revolving Credit Commitment shall be in the amount not less than $25,000 provided that in any event any such borrowing, together with the aggregate principal amount of the Revolving Credit Loans and Letters of Credit then outstanding, shall not exceed the Revolving Credit Limit. Except as otherwise requested, the proceeds of all Revolving Credit Loans will be made available to Borrower by Lender by crediting Borrower's deposit account with Lender or such other account of Borrower at Lender as Borrower may specify.

Procedure for Revolving Credit Borrowings. Subject to the terms and conditions hereof, (a) The Borrower may borrow under the Revolving Credit Commitment Commitments during the Revolving Credit Commitment Period on any Business Day. ; provided that, the Borrower may request shall give the Administrative Agent irrevocable notice of each requested Revolving Credit Loans, from time to time, by submitting irrevocable Loan requests in such form and manner as Lender may require or permit Borrowing (including, without limitation, telephone requestseach a “Borrowing Notice”), specifying (i) the amount to be borrowed, whether the borrowing will be at the Base Rate or the Eurodollar Rate, the Interest Period, if a Eurodollar Loan is requested, (ii) the requested Borrowing Date, (iii) whether the manner in which Borrower would like Borrowing is to be comprised of Eurocurrency Loans or ABR Loans, and (iv) if a Eurocurrency Borrowing, the proceeds currency of such Loan disbursed Eurocurrency Borrowing and the length of the initial Interest Period therefor. Any such Borrowing Notice given with respect to a certification that the Borrower is Eurocurrency Borrowing denominated in compliance a Foreign Currency must be in writing; any such Borrowing Notice given with this Loan Agreement immediately before and after giving effect respect to the making of such Loan. If such Revolving Credit Loan request is for a Base Rate Revolving Credit Loan and is properly made and received by Lender prior to 12:00 noon (Eastern Time) on a Business Day, requesting a Revolving Credit Loan on Borrowing denominated in Dollars, if given by means other than written notice, shall be promptly confirmed in writing by the Borrower. Each ABR Borrowing and each Eurocurrency Borrowing denominated in Dollars shall be in a minimum amount of $1,000,000 and a whole multiple of $100,000. Each Eurocurrency Borrowing denominated in a Foreign Currency shall be in a minimum amount in such Foreign Currency that Business Day, Lender shall make is the Approximate Equivalent Amount of $1,000,000 and a whole multiple in such Revolving Credit Loan on Foreign Currency that is the same Business Day. If, however, such Revolving Credit Loan request is Approximate Equivalent Amount of $100,000. (b) Borrowing Notices pursuant to Section 2.2(a) must be received by Lender after 12:00 noon the Administrative Agent by the following applicable dates and times: (Eastern Timei) on a Business Dayfor ABR Borrowings, Lender shall make the Revolving Credit Loan not later than 2:30 p.m. on the next requested Borrowing Date, (ii) for Eurocurrency Borrowings denominated in Dollars, not later than 2:30 p.m. three Business DayDays prior to the requested Borrowing Date, and (iii) for Eurocurrency Borrowings denominated in a Foreign Currency, not later than 1:00 p.m. Local Time four Business Days prior to the requested Borrowing Date. (c) Upon receipt of any Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Revolving Credit Loans bearing interest Each Lender will make the amount of its Applicable Percentage of each Borrowing available to the Administrative Agent for the account of the Borrower at the Eurodollar Rate will be made Applicable Payment Office prior to 4:00 p.m. (Local Time, in the case of Eurocurrency Loans being funded in a Foreign Currency) on the second Business Day following receipt Borrowing Date requested by the Borrower in funds immediately available and in the applicable currency. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or, if such Loan is denominated in a Foreign Currency, foreign branch or Affiliate of such Lender to make such Eurocurrency Loan (and in the case of an Affiliate, the provisions of Sections 2.13 through 2.18 shall apply to such Affiliate to the same extent as to such Lender); provided that, any exercise of such option shall not affect the obligation of the borrowing request by Lender. Lender may require telephone requests Borrower to be confirmed promptly repay such Eurocurrency Loan in writing and Borrower shall indemnify and hold Lender harmless for any action, including the making of any advance or any loss or expenses taken or incurred by Lender in reliance upon any such telephone request. Each borrowing pursuant to the Revolving Credit Commitment shall be in the amount not less than $25,000 provided that in any event any such borrowing, together accordance with the aggregate principal amount terms of the Revolving Credit Loans and Letters of Credit this Agreement. Such Borrowing will then outstanding, shall not exceed the Revolving Credit Limit. Except as otherwise requested, the proceeds of all Revolving Credit Loans will be made available to the Borrower by Lender by the Administrative Agent crediting Borrower's deposit account with Lender or such other the account of the Borrower at Lender with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as Borrower may specifyreceived by the Administrative Agent.

Procedure for Revolving Credit Borrowings. Subject to the terms and conditions hereof, (a) The Borrower may borrow under the Revolving Credit Commitment Commitments during the Revolving Credit Commitment Period on any Business Day. ; provided that, the Borrower may request shall give the Administrative Agent irrevocable notice of each requested Revolving Credit Loans, from time to time, by submitting irrevocable Loan requests in such form and manner as Lender may require or permit Borrowing (including, without limitation, telephone requestseach a “Borrowing Notice”), specifying (i) the amount to be borrowed, whether the borrowing will be at the Base Rate or the Eurodollar Rate, the Interest Period, if a Eurodollar Loan is requested, (ii) the requested Borrowing Date, (iii) whether the manner in which Borrower would like Borrowing is to be comprised of Eurocurrency Loans or ABR Loans, and (iv) if a Eurocurrency Borrowing, the proceeds currency of such Loan disbursed Eurocurrency Borrowing and the length of the initial Interest Period therefor. Any such Borrowing Notice given with respect to a certification that the Borrower is Eurocurrency Borrowing denominated in compliance a Foreign Currency must be in writing; any such Borrowing Notice given with this Loan Agreement immediately before and after giving effect respect to the making of such Loan. If such Revolving Credit Loan request is for a Base Rate Revolving Credit Loan and is properly made and received by Lender prior to 12:00 noon (Eastern Time) on a Business Day, requesting a Revolving Credit Loan on Borrowing denominated in Dollars, if given by means other than written notice, shall be promptly confirmed in writing by the Borrower. Each ABR Borrowing and each Eurocurrency Borrowing denominated in Dollars shall be in a minimum amount of $1,000,000 and a whole multiple of $100,000. Each Eurocurrency Borrowing denominated in a Foreign Currency shall be in a minimum amount in such Foreign Currency that Business Day, Lender shall make is the Approximate Equivalent Amount of $1,000,000 and a whole multiple in such Revolving Credit Loan on Foreign Currency that is the same Business Day. If, however, such Revolving Credit Loan request is Approximate Equivalent Amount of $100,000. (b) Borrowing Notices pursuant to Section 2.2(a) must be received by Lender after 12:00 noon the Administrative Agent by the following applicable dates and times: (Eastern Timei) on a Business Dayfor ABR Borrowings, Lender shall make the Revolving Credit Loan not later than 2:30 p.m. one Business Day prior to the next requested Borrowing Date, (ii) for Eurocurrency Borrowings denominated in Dollars, not later than 2:30 p.m. three Business DayDays prior to the requested Borrowing Date, and (iii) for Eurocurrency Borrowings denominated in a Foreign Currency, not later than 1:00 p.m. Local Time four Business Days prior to the requested Borrowing Date. (c) Upon receipt of any Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Revolving Credit Loans bearing interest Each Lender will make the amount of its Applicable Percentage of each Borrowing available to the Administrative Agent for the account of the Borrower at the Eurodollar Rate will be made Applicable Payment Office prior to 1:00 p.m. (Local Time, in the case of Eurocurrency Loans being funded in a Foreign Currency) on the second Business Day following receipt Borrowing Date requested by the Borrower in funds immediately available and in the applicable currency. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or, if such Loan is denominated in a Foreign Currency, foreign branch or Affiliate of such Lender to make such Eurocurrency Loan (and in the case of an Affiliate, the provisions of Sections 2.13 through 2.18 shall apply to such Affiliate to the same extent as to such Lender); provided that, any exercise of such option shall not affect the obligation of the borrowing request by Lender. Lender may require telephone requests Borrower to be confirmed promptly repay such Eurocurrency Loan in writing and Borrower shall indemnify and hold Lender harmless for any action, including the making of any advance or any loss or expenses taken or incurred by Lender in reliance upon any such telephone request. Each borrowing pursuant to the Revolving Credit Commitment shall be in the amount not less than $25,000 provided that in any event any such borrowing, together accordance with the aggregate principal amount terms of the Revolving Credit Loans and Letters of Credit this Agreement. Such Borrowing will then outstanding, shall not exceed the Revolving Credit Limit. Except as otherwise requested, the proceeds of all Revolving Credit Loans will be made available to the Borrower by Lender by the Administrative Agent crediting Borrower's deposit account with Lender or such other the account of the Borrower at Lender with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as Borrower may specifyreceived by the Administrative Agent.

Procedure for Revolving Credit Borrowings. Subject to the terms and conditions hereof, (a) The Borrower may borrow under the Revolving Credit Commitment Commitments during the Revolving Credit Commitment Period on any Business Day. ; provided that, the Borrower may request shall give the Administrative Agent irrevocable notice of each requested Revolving Credit Loans, from time to time, by submitting irrevocable Loan requests in such form and manner as Lender may require or permit Borrowing (including, without limitation, telephone requestseach a “Borrowing Notice”), specifying (i) the amount to be borrowed, whether the borrowing will be at the Base Rate or the Eurodollar Rate, the Interest Period, if a Eurodollar Loan is requested, (ii) the requested Borrowing Date, (iii) whether the manner in which Borrower would like Borrowing is to be comprised of Eurocurrency Loans or ABR Loans, and (iv) if a Eurocurrency Borrowing, the proceeds currency of such Loan disbursed Eurocurrency Borrowing and the length of the initial Interest Period therefor. Any such Borrowing Notice given with respect to a certification that the Borrower is Eurocurrency Borrowing denominated in compliance a Foreign Currency must be in writing; any such Borrowing Notice given with this Loan Agreement immediately before and after giving effect respect to the making of such Loan. If such Revolving Credit Loan request is for a Base Rate Revolving Credit Loan and is properly made and received by Lender prior to 12:00 noon (Eastern Time) on a Business Day, requesting a Revolving Credit Loan on Borrowing denominated in Dollars, if given by means other than written notice, shall be promptly confirmed in writing by the Borrower. Each ABR Borrowing and each Eurocurrency Borrowing denominated in Dollars shall be in a minimum amount of $1,000,000 and a whole multiple of $100,000. Each Eurocurrency Borrowing denominated in a Foreign Currency shall be in a minimum amount in such Foreign Currency that Business Day, Lender shall make is the Approximate Equivalent Amount of $1,000,000 and a whole multiple in such Revolving Credit Loan on Foreign Currency that is the same Business Day. If, however, such Revolving Credit Loan request is Approximate Equivalent Amount of $100,000. (b) Borrowing Notices pursuant to Section 2.2(a) must be received by Lender after 12:00 noon the Administrative Agent by the following applicable dates and times: (Eastern Timei) on a Business Dayfor ABR Borrowings, Lender shall make the Revolving Credit Loan not later than 12:30 p.m. one Business Day prior to the next requested Borrowing Date, (ii) for Eurocurrency Borrowings denominated in Dollars, not later than 12:30 p.m. three Business DayDays prior to the requested Borrowing Date, and (iii) for Eurocurrency Borrowings denominated in a Foreign Currency, not later than 11:00 a.m. Local Time four Business Days prior to the requested Borrowing Date. (c) Upon receipt of any Borrowing Notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each Lender will make the amount of its Revolving Credit Loans bearing interest Percentage of each Borrowing available to the Administrative Agent for the account of the Borrower at the Eurodollar Rate will be made Applicable Payment Office prior to 1:00 p.m. (Local Time, in the case of Eurocurrency Loans being funded in a Foreign Currency) on the second Business Day following receipt Borrowing Date requested by the Borrower in funds immediately available and in the applicable currency. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or, if such Loan is denominated in a Foreign Currency, foreign branch or Affiliate of such Lender to make such Eurocurrency Loan (and in the case of an Affiliate, the provisions of Sections 2.13 through 2.18 shall apply to such Affiliate to the same extent as to such Lender); provided that, any exercise of such option shall not affect the obligation of the borrowing request by Lender. Lender may require telephone requests Borrower to be confirmed promptly repay such Eurocurrency Loan in writing and Borrower shall indemnify and hold Lender harmless for any action, including the making of any advance or any loss or expenses taken or incurred by Lender in reliance upon any such telephone request. Each borrowing pursuant to the Revolving Credit Commitment shall be in the amount not less than $25,000 provided that in any event any such borrowing, together accordance with the aggregate principal amount terms of the Revolving Credit Loans and Letters of Credit this Agreement. Such Borrowing will then outstanding, shall not exceed the Revolving Credit Limit. Except as otherwise requested, the proceeds of all Revolving Credit Loans will be made available to the Borrower by Lender by the Administrative Agent crediting Borrower's deposit account with Lender or such other the account of the Borrower at Lender with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as Borrower may specifyreceived by the Administrative Agent.