Common use of Procedure for Revolving Loan Borrowings Clause in Contracts

Procedure for Revolving Loan Borrowings. (a) Each Co-Borrower may irrevocably request a Borrowing of Revolving Loans on any Business Day in a Minimum Amount therefor by delivering a Request for Extension of Credit therefor by Requisite Notice to Administrative Agent not later than the Requisite Time therefor. All Borrowings shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the prior sentence. Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.04.

Appears in 4 contracts

Samples: Credit Agreement (Comcast Corp), Credit Agreement (Comcast Corp), Credit Agreement (Comcast Corp)

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Procedure for Revolving Loan Borrowings. (a) Each Co-The Borrower may irrevocably request a Borrowing of Revolving Loans on any Business Day in a Minimum Amount therefor by delivering a Request for Extension of Credit therefor by Requisite Notice to the Administrative Agent not later than the Requisite Time therefor. All Borrowings shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the prior sentence. Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.042.07.

Appears in 2 contracts

Samples: First Amendment (NBCUniversal Media, LLC), Year Credit Agreement (General Electric Co)

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Procedure for Revolving Loan Borrowings. (a) Each Co-The Borrower may irrevocably request a Borrowing of Revolving Loans on any Business Day in a Minimum Amount therefor by delivering a Request for Extension of Credit therefor by Requisite Notice to the Administrative Agent not later than the Requisite Time therefor. All Borrowings shall constitute Base Rate Loans unless properly and timely otherwise designated as set forth in the prior sentence. Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.042.03.

Appears in 1 contract

Samples: Credit Agreement (Comcast Corp)

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