Common use of Procedure for Revolving Loan Borrowing Clause in Contracts

Procedure for Revolving Loan Borrowing. (a) To request a Revolving Borrowing on any Business Day, QVC (or, with respect to a Tranche 2 Revolving Borrowing, QVC or zulily, as applicable) shall notify the Administrative Agent of such request by telephone (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time (or in the case of an Alternative Currency, 11:00 a.m., London time) (x) not less than three Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Loans or (y) on the requested Borrowing Date, in the case of ABR Loans). Each such telephonic borrowing request shall be irrevocable and shall be confirmed promptly in writing. Each such telephonic and written borrowing request shall specify the Borrower, amount, Facility, currency and Type of Borrowing to be borrowed, the requested Borrowing Date and the account of the applicable Borrower to be credited. Upon receipt of such notice, the Administrative Agent shall promptly notify each relevant Revolving Lender thereof. For the avoidance of doubt, all Revolving Loans made in Alternative Currencies shall be Eurocurrency Loans.

Procedure for Revolving Loan Borrowing. (a) To request a Revolving Borrowing on any Business Day, QVC (or, with respect to a Tranche 2 Revolving Borrowing, QVC or zulily, as applicable) the Borrower shall notify the Administrative Agent of such request (x) in the case of ABR Loans, by telephone (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time on the requested Borrowing Date) or (or y) in the case of an Alternative CurrencyEurocurrency Loans, 11:00 a.m.in writing (which notice must be received by the Administrative Agent prior to 12:00 noon, London time) (x) New York City time not less than (A) three Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Loans or Date for Dollar Revolving Borrowing requests and (yB) on four Business Days prior to the requested Borrowing Date, in the case of ABR LoansDate for Alternative Currency Revolving Borrowing requests). Each such Any telephonic borrowing request shall be irrevocable and shall be confirmed promptly in writing. Each such telephonic and written borrowing request shall specify the Borrower, amount, Facility, currency and Type of Borrowing to be borrowed, borrowed and the requested Borrowing Date and the account of the applicable Borrower to be creditedDate. Upon receipt of such notice, the Administrative Agent shall promptly notify each relevant Revolving Lender thereof. For the avoidance of doubt, subject to Section 2.11, each Borrowing shall be comprised entirely of ABR Loans or Eurocurrency Loans as the Borrower may request in accordance herewith and all Revolving Loans made in Alternative Currencies shall be Eurocurrency Loans.

Procedure for Revolving Loan Borrowing. (a) To request a Revolving Borrowing on any Business Day, QVC (or, with respect to a Tranche 2 Revolving Borrowing, QVC or zulily, as applicable) the Borrower shall notify the Administrative Agent of such request (x) in the case of ABR Loans, by telephone (which notice must be received by the Administrative Agent prior to 12:00 noon11:00 a.m., New York City time on the requested Borrowing Date) or (or y) in the case of an Alternative CurrencyEurocurrency Loans, in writing (which notice must be received by the Administrative Agent prior to 11:00 a.m., London time) (x) time not less than three Business Days prior to the requested Borrowing Date, in the case of Eurocurrency Loans or (y) on the requested Borrowing Date, in the case of ABR Loans). Each such Any telephonic borrowing request shall be irrevocable and shall be confirmed promptly in writing. Each such telephonic and written borrowing request shall specify the Borrower, amount, Facility, currency and Type of Borrowing to be borrowed, borrowed and the requested Borrowing Date and the account of the applicable Borrower to be creditedDate. Upon receipt of such notice, the Administrative Agent shall promptly notify each relevant Revolving Lender thereof. For the avoidance of doubt, subject to Section 2.11, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith and all Revolving Loans made in Alternative Currencies shall be Eurocurrency Loans.