Common use of Procedure for Swing Line Borrowings; Interest Rate Clause in Contracts

Procedure for Swing Line Borrowings; Interest Rate. (a) The Company shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 10:00 A.M., New York City time on the requested Borrowing Date) specifying the amount of the requested Swing Line Loan, which shall be in an aggregate principal amount of not less than $5,000,000 or a whole multiple of $100,000 in excess thereof. The proceeds of the requested Swing Line Loan will be made available by the Swing Line Lender to the Company at the office of the Swing Line Lender by crediting the account of the Company at such office with such proceeds in U.S. Dollars.

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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Procedure for Swing Line Borrowings; Interest Rate. (a) The Company U.S. Borrower shall give the Swing Line Lender irrevocable notice (which notice must be received by the such Swing Line Lender prior to 10:00 A.M.12:00 P.M., New York City time on the requested Borrowing Date) 49 42 specifying the amount of the requested Swing Line Loan, which shall be in an aggregate principal amount of not less than $5,000,000 100,000 or a whole multiple of $100,000 in excess thereof. The proceeds of the requested Swing Line Loan will be made available by the Swing Line Lender to the Company U.S. Borrower at the office of the Swing Line Lender by crediting the account of the Company U.S. Borrower at such office with such proceeds in U.S. Dollars.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Lear Corp /De/)

Procedure for Swing Line Borrowings; Interest Rate. (a) The Company U.S. Borrower shall give the Swing Line Lender irrevocable notice (which notice must be received by the such Swing Line Lender prior to 10:00 A.M.12:00 P.M., New York City time on the requested Borrowing Date) specifying the amount of the requested Swing Line Loan, which shall be in an aggregate principal amount of not less than $5,000,000 100,000 or a whole multiple of $100,000 in excess thereof. The proceeds of the requested Swing Line Loan will be made available by the Swing Line Lender to the Company U.S. Borrower at the office of the Swing Line Lender by crediting the account of the Company U.S. Borrower at such office with such proceeds in U.S. Dollars.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Lear Corp /De/)

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Procedure for Swing Line Borrowings; Interest Rate. (a) -------------------------------------------------- The Company shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 10:00 A.M., New York City time on the requested Borrowing DateDate and must be promptly confirmed in writing by the Company) specifying the amount of the requested Swing Line Loan, which shall be in an aggregate principal amount of not less than $5,000,000 or a whole multiple of $100,000 in excess thereof. The proceeds of the requested Swing Line Loan will be made available by the Swing Line Lender to the Company at the office of the Swing Line Lender by crediting the account of the Company at such office with such proceeds in U.S. Dollars.

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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