Procedure for Swing Line Borrowings. (a) Each Swing Line Loan shall be made upon irrevocable written notice from the Company to the Swing Line Lender and the Administrative Agent, which notice must be received not later than 12:00 noon (Minneapolis time) on the requested Borrowing Date (or such later time as the Swing Line Lender may approve in its sole discretion). Each such notice shall specify (i) the amount of such Swing Line Loan, which shall be an integral multiple of US$100,000 and (ii) the requested Borrowing Date, which shall be a Business Day.
Appears in 2 contracts
Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc)
Procedure for Swing Line Borrowings. (a) Each Swing Line Loan shall be made upon irrevocable written notice from the Company to the Swing Line Lender and the Administrative Agent, which notice must be received not later than 12:00 noon (Minneapolis time) on the requested Borrowing Date (or such later time as the Swing Line Lender may approve in its sole discretion). Each such notice shall specify (i) the amount of such Swing Line Loan, which shall be an a principal amount of US$1,000,000 or higher integral multiple of US$100,000 and (ii) the requested Borrowing Date, which shall be a Business Day.
Appears in 1 contract
Procedure for Swing Line Borrowings. (ai) Each Swing Line Loan shall be made upon irrevocable written notice from the Company to the Swing Line Lender and the Administrative Agent, which notice must be received not later than 12:00 noon (Minneapolis time) on the requested Swing Line Borrowing Date (or such later time as the Swing Line Lender may approve in its sole discretion). Each such notice shall specify (i) the amount of such Swing Line Loan, which shall be an integral multiple of US$100,000 and (ii) the requested Swing Line Borrowing Date, which shall be a Business Day.
Appears in 1 contract
Samples: Credit Agreement (Pentair Inc)