Common use of Procedure for Swingline Loans Clause in Contracts

Procedure for Swingline Loans. (a) The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Swingline Borrowing substantially in the form of Exhibit 2.5 attached hereto (“Notice of Swingline Borrowing”) prior to 10:00 a.m. on the requested date of each Swingline Loan. Each Notice of Swingline Borrowing shall be irrevocable and shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such Swingline Loan should be credited. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline Borrowing. Each Swingline Loan shall accrue interest at the Base Rate or any other interest rate as agreed between the Borrower and the Swingline Lender and shall have an Interest Period (subject to the definition thereof) as agreed between the Borrower and the Swingline Lender. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable Notice of Swingline Borrowing not later than 1:00 p.m. on the requested date of such Swingline Loan.

Procedure for Swingline Loans. (a) The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Swingline Borrowing Loan substantially in the form of Exhibit 2.5 attached hereto (“Notice of Swingline BorrowingLoan”) prior to 10:00 11:00 a.m. on the requested date of each Swingline Loan. Each Notice of Swingline Borrowing Loan shall be irrevocable and shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such Swingline Loan should be credited. Each Swingline Loan shall be made in Dollars. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline BorrowingLoan. Each Swingline Loan shall accrue interest at the Base Swingline Rate or any other for an interest rate as agreed between the Borrower and the Swingline Lender and shall have an Interest Period (subject to the definition thereof) period as agreed between the Borrower and the Swingline Lender. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable Notice of Swingline Borrowing Loan not later than 1:00 2:00 p.m. on the requested date of such Swingline Loan; provided, however, that the Swingline Lender shall not make any Swingline Loan in the period commencing on the first Business Day after it receives written notice from the Administrative Agent or any Lender that one or more of the conditions precedent contained in Section 3.2 shall not on such date be satisfied, and ending when such conditions are satisfied.

Procedure for Swingline Loans. (a) The Borrower shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Swingline Borrowing Loan substantially in the form of Exhibit 2.5 attached hereto (“"Notice of Swingline Borrowing”Loan") prior to 10:00 11:00 a.m. on the requested date of each Swingline Loan. Each Notice of Swingline Borrowing Loan shall be irrevocable and shall specify: (i) the principal amount of such Swingline Loan, (ii) the date of such Swingline Loan (which shall be a Business Day) and (iii) the account of the Borrower to which the proceeds of such Swingline Loan should be credited. Each Swingline Loan shall be made in Dollars. The Administrative Agent will promptly advise the Swingline Lender of each Notice of Swingline BorrowingLoan. Each Swingline Loan shall accrue interest at the Base Swingline Rate or any other for an interest rate as agreed between the Borrower and the Swingline Lender and shall have an Interest Period (subject to the definition thereof) period as agreed between the Borrower and the Swingline Lender. The Swingline Lender will make the proceeds of each Swingline Loan available to the Borrower in Dollars in immediately available funds at the account specified by the Borrower in the applicable Notice of Swingline Borrowing Loan not later than 1:00 2:00 p.m. on the requested date of such Swingline Loan.