Common use of Procedure for Revolving Loans Clause in Contracts

Procedure for Revolving Loans. The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Borrowing substantially in the form of Exhibit 2.2 attached hereto (a “Notice of Borrowing”) (x) prior to 11:00 a.m. one (1) Business Day prior to the requested date of each Base Rate Borrowing and Federal Funds Rate Borrowing and (y) prior to 11:00 a.m. three (3) Business Days prior to the requested date of each Eurodollar Borrowing. Each Notice of Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowing, (ii) the date of such Borrowing (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such Borrowing, (iv) in the case of a Eurodollar Borrowing, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period) and (v) the location and number of the Borrower’s deposit account to which the proceeds of such Borrowing should be disbursed. Each Borrowing shall consist entirely of Base Rate Loans, Federal Funds Rate Loans or Eurodollar Loans, as the Borrower may request. The aggregate principal amount of each Eurodollar Borrowing shall be not less than $5,000,000 or a larger multiple of $1,000,000 and the aggregate principal amount of each Federal Funds Rate Borrowing and each Base Rate Borrowing, respectively, shall not be less than $1,000,000 or a larger multiple of $100,000. At no time shall the total number of Eurodollar Borrowings outstanding at any time exceed ten. Promptly following the receipt of a Notice of Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the details thereof and the amount of such Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.

Procedure for Revolving Loans. The Borrower shall give the Administrative Agent Lender written notice (or telephonic notice promptly confirmed in writing) of each Borrowing Revolving Loan substantially in the form of Exhibit 2.2 attached hereto (a “"Notice of Revolving Borrowing”") (x) prior to 11:00 10:00 a.m. one (1) on the same Business Day prior to of the requested date making of each Base Rate Borrowing and Federal Funds Rate Borrowing Loan requested and (y) prior to 11:00 a.m. three two (32) Business Days prior to the requested date of each Eurodollar BorrowingLoan. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowingthe Revolving Loan, (ii) the proposed date of such Borrowing Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such Borrowing, and (iv) in iv)in the case of a Eurodollar BorrowingLoan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period) and (v) the location and number of the Borrower’s deposit account to which the proceeds of such Borrowing should be disbursed. Each Borrowing shall consist entirely of Base Rate Loans, Federal Funds Rate Loans or Eurodollar Loans, as the Borrower may request). The aggregate principal amount of each Eurodollar Borrowing Loan shall be not less than $5,000,000 or a larger multiple of $1,000,000 and the aggregate principal amount of each Federal Funds Rate Borrowing and each Base Rate Borrowing, respectively, shall not be less than $1,000,000 or a larger multiple of $100,000250,000, and the principal amount of each Base Rate Loan shall not be less than $100,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment. At no time shall the total number of Eurodollar Borrowings Loans outstanding at any time exceed tenfive. Promptly following Upon the receipt satisfaction of a the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing in accordance herewithby crediting an account maintained by the Borrower with the Lender or at the Borrower's option, the Administrative Agent shall advise each Lender of the details thereof and the amount by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.

Procedure for Revolving Loans. The Borrower shall give ----------------------------- the Administrative Agent Lender written notice (or telephonic notice promptly confirmed in writing) of each Borrowing Revolving Loan substantially in the form of Exhibit 2.2 attached hereto B (a “"Notice of --------- Revolving Borrowing”") (x) prior to 11:00 10:00 a.m. one (1) on the same Business Day prior to of the requested date making of each Base Rate Borrowing and Federal Funds Rate Borrowing Loan requested and (y) prior to 11:00 a.m. three two (32) Business Days prior to the requested date of each Eurodollar BorrowingLoan. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowingthe Revolving Loan, (ii) the proposed date of such Borrowing Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such Borrowing, and (iv) in the case of a Eurodollar BorrowingLoan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period) and (v) the location and number of the Borrower’s deposit account to which the proceeds of such Borrowing should be disbursed. Each Borrowing shall consist entirely of Base Rate Loans, Federal Funds Rate Loans or Eurodollar Loans, as the Borrower may request). The aggregate principal amount of each Eurodollar Borrowing Loan shall be not less than $5,000,000 or a larger multiple of $1,000,000 and the aggregate principal amount of each Federal Funds Rate Borrowing and each Base Rate Borrowing, respectively, shall not be less than $1,000,000 or a larger multiple of $100,000100,000 and the principal amount of each Base Rate Loan shall not be less than $100,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment; provided, however, the -------- ------- preceding amount limitations shall not apply to the initial Revolving Loan proceeds of which are to be used to repay obligations owing under the Existing Credit Facility. At no time shall the total number of Eurodollar Borrowings Loans outstanding at any time exceed tenfive. Promptly following Upon the receipt satisfaction of a the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing in accordance herewithby crediting an account maintained by the Borrower with the Lender or at the Borrower's option, the Administrative Agent shall advise each Lender of the details thereof and the amount by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.

Procedure for Revolving Loans. The Borrower shall give the Administrative Agent Lender written notice (or telephonic notice promptly confirmed in writing) of each Borrowing Revolving Loan substantially in the form of Exhibit 2.2 attached hereto (a “Notice of Borrowing”) (x) prior to 11:00 a.m. one (1) Business Day prior to the requested date of each Base Rate Borrowing and Federal Funds Rate Borrowing and (y) prior to 11:00 a.m. three (3) Eastern time two Business Days prior to the requested date of each Eurodollar Borrowingon which a Revolving Loan is being requested. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of such Borrowingthe Revolving Loan, (ii) the proposed date of such Borrowing Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan comprising such BorrowingLoan, (iv) in the case of a Eurodollar BorrowingLIBOR Loan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period) ).), and (v) the location and number of the Borrower’s deposit account to which the proceeds of such Borrowing should be disbursedits purpose. Each Borrowing Revolving Loan shall consist entirely of Base Rate Loans, Federal Funds Rate Loans or Eurodollar LIBOR Loans, as the Borrower may request. The aggregate principal amount of each Eurodollar Borrowing LIBOR Loan shall be not less than $5,000,000 or a larger multiple of $1,000,000 1,000,000, and the aggregate principal amount of each Federal Funds Rate Borrowing and each Base Rate Borrowing, respectively, Loan shall not be less than $1,000,000 or a larger multiple of $100,000. At no time shall the total number of Eurodollar Borrowings LIBOR Loans outstanding at any time exceed tenfive. Promptly following Upon the receipt satisfaction of a the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Borrowing in accordance herewithby crediting an account maintained by the Borrower with the Lender or at the Borrower’s option, the Administrative Agent shall advise each Lender of the details thereof and the amount by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.