Common use of Procedure for Term Loan Borrowing Clause in Contracts

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each tranche. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 3 contracts

Samples: Credit Agreement (Davita Inc), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

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Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent an irrevocable notice in the form Notice of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, 10:00 A.M. one (a1) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice Notice of Borrowing, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, P.M. on the Closing Date each Term Lender shall make available to the Administrative Agent at the Term Loan Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available fundsfunds or, if so specified in the Flow of Funds Agreement, the Administrative Agent shall wire transfer or otherwise credit all or a portion of such aggregate amounts to the Existing Lenders for application against amounts in accordance with the wire instructions specified in the Flow of Funds Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Kaltura Inc), Credit Agreement (Kaltura Inc)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.2:00 p.m., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the applicable Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Prior to the earlier of (a) the Syndication Date and (b) the date that is 60 days after the Closing Date, any Term Loan that is a Eurodollar Loan shall have an Interest Period of one (1) month. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon2:00 p.m., New York City time, on the Closing Date Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 2 contracts

Samples: Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give deliver to the Administrative Agent irrevocable notice in the form of a Borrowing Request Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date. No Term Loan may be converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the earlier of (i) the date which is 60 days after the Closing Date and specifying (ii) the amount to be borrowed under each trancheSyndication Date. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of make available to the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders Loan Lenders, in immediately available fundslike funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement (National CineMedia, LLC), Credit Agreement (National CineMedia, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit B-1 (which notice must be received by the Administrative Agent (i) prior to 1:00 P.M.11:00 a.m., New York City time, three (a3) three Business Days prior to the anticipated Closing requested Borrowing Date, in the case of Eurodollar Loans, or (bii) one Business Day prior to 11:00 a.m., New York City time, on the anticipated Closing requested Borrowing Date, in the case of ABR Base Rate Loans) requesting that the applicable Term Lenders make the Initial Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon2:00 p.m., New York City time, on the Closing Date Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Initial Term Loan Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Initial Term Loans available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available funds.Agent. 2.3

Appears in 2 contracts

Samples: Credit Agreement (Lantheus Holdings, Inc.), Credit Agreement (Lantheus Holdings, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give deliver to the Administrative Agent irrevocable notice in the form of a Borrowing Request Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date. The Term Loans made on the Closing Date shall initially be Base Rate Loans, and specifying no Term Loan may be converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the amount to be borrowed under each trancheSyndication Date. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of make available to the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders Loan Lenders, in immediately available fundslike funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Management Services Agreement (Dobson Communications Corp), Credit Agreement (Dobson Communications Corp)

Procedure for Term Loan Borrowing. (a) . The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.2:00 p.m., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the applicable Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Prior to the earlier of (a) the Syndication Date and (b) the date that is 60 days after the Closing Date, any Term Loan that is a Eurodollar Loan shall have an Interest Period of one (1) month. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon2:00 p.m., New York City time, on the Closing Date Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 2 contracts

Samples: Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give deliver to the Administrative Agent irrevocable notice in the form of a Borrowing Request Notice (which notice Borrowing Notice must be received by the Administrative Agent prior to 1:00 P.M.(a) 12:00 Noon, New York City time, (a) three Business Days prior to the anticipated Closing requested Borrowing Date, in the case of Eurodollar Loans, or (b) 11:00 A.M., New York City time, one Business Day prior to the anticipated Closing requested Borrowing Date, in the case of ABR Base Rate Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheRestatement Effective Date. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Restatement Effective Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of make available to the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders Loan Lenders, in immediately available fundslike funds as received by the Administrative Agent.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (National CineMedia, LLC)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of a Borrowing Request Exhibit A-1 hereto, (which notice must be received by the Administrative Agent prior to 1:00 not later than 3:00 P.M., New York City time, (a) one Business Day prior to the anticipated Closing Date or, in the case the Loans on the Closing Date shall be Eurodollar Loans, three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying (i) the aggregate principal amount to be borrowed under each trancheborrowed, (ii) the requested Borrowing Date and (iii) whether such Term Loans being incurred are to be made as ABR Loans or, to the extent permitted hereunder, Eurodollar Loans and, if Eurodollar Loans, the initial Interest Period applicable thereto. Upon receipt of such borrowing notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon3:00 P.M., New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 2 contracts

Samples: Credit Agreement (PGA Holdings, Inc.), Credit Agreement (PGA Holdings, Inc.)

Procedure for Term Loan Borrowing. The Term Loan Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in if all or any part of the case of requested Term Loans are to be initially Eurodollar Loans, or Loans and (b) one Business Day prior to on the anticipated Closing Date, in the case of ABR LoansDate otherwise) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice notice, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Term Loan Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 2 contracts

Samples: Credit Agreement (Boston Scientific Corp), Credit Agreement (Boston Scientific Corp)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit J (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount and Type to be borrowed under each trancheborrowed. Upon receipt of such notice from the Borrower, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit make the proceeds of such Borrowing available to the Borrower on the Closing Date by depositing such proceeds on the Closing Date in immediately available funds into the account of the Borrower on designated by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by on or prior to the Term Lenders in immediately available fundsClosing Date.

Appears in 2 contracts

Samples: Collateral Agency Agreement (InfraREIT, Inc.), Term Loan Credit Agreement (InfraREIT, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit K-1 (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Tranche A Term Lenders make the Tranche A Term Loans and the Tranche B Lenders make the Tranche B Term Loans, in each case on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Closing Date shall initially be ABR Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each such Term Lender thereof. Not later than 12:00 Noon3:00 P.M., New York City time, on the Closing Date each such Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of designated in writing by the Borrower on the books of such office of to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the such Term Lenders in immediately available funds.

Appears in 2 contracts

Samples: Credit Agreement (Wesco Aircraft Holdings, Inc), Credit Agreement (Wesco Aircraft Holdings, Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to on the day of the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Closing Date shall initially be Base Rate Loans unless the Term Lenders and the Administrative Agent otherwise agree. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon3:00 P.M., New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of designated in writing by the Borrower on the books of such office of to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 2 contracts

Samples: And Collateral Agreement (Allison Transmission Holdings Inc), Credit Agreement (Allison Transmission Holdings Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit B-1 (which notice must be received by the Administrative Agent prior to 1:00 P.M.2:00 p.m., New York City time, (ai) three (3) Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (bii) one (1) Business Day prior to the anticipated Closing Date, in the case of ABR Base Rate Loans) requesting that the applicable Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on the books of such office of Closing Date by wire transfer in immediately available funds to a bank account designated in writing by the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 1 contract

Samples: Credit Agreement (Riverbed Technology, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Davita Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) one Business Day prior to the Funding Date, if the Term Loans are to be initially ABR Loans, or three Business Days prior to the anticipated Closing Funding Date, in if the case of Term Loans are to be initially Eurodollar Loans, in whole or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loanspart) requesting that the Term Lenders make their portions of the Term Loans available to the Borrower on the Closing Date and specifying the amount to be borrowed under each trancheFunding Date. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon11:00 A.M., New York City time, on the Closing Funding Date each Term Lender shall make available to the Administrative Agent at its office specified in subsection 11.2 the Funding Office an amount of its relevant portion of its Term Loans in immediately available funds equal to the Term Loan to be made by such Term Lenderfunds. The Administrative Agent shall on such date credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent for the Borrower by the Term Lenders and in immediately available fundslike funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Sybron International Corp)

Procedure for Term Loan Borrowing. The Borrower Company shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent (i) in the case of a Base Rate Loan, prior to 1:00 P.M.10:00 A.M., New York City time, one Business Day prior to the anticipated Borrowing Date or (aii) in the case of a Eurocurrency Rate Loan, prior to 12:00 noon, New York City time, three Business Days prior to the anticipated Closing Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Borrowing Date and specifying in the amount to be borrowed under each tranchespecified in such notice. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date requested Borrowing Date, each Term Lender shall make available to the Administrative Agent at the Funding Lending Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower Company on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds. 2.03.

Appears in 1 contract

Samples: Execution Version Credit Agreement (Columbus McKinnon Corp)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 Noon, New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the applicable Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Prior to the earlier of (a) the Syndication Date and (b) the date that is sixty (60) days after the Closing Date, any Term Loan that is a Eurodollar Loan shall have an Interest Period of one (1) month. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 1 contract

Samples: Credit Agreement (Microsemi Corp)

Procedure for Term Loan Borrowing. The Parent Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent (a) prior to 1:00 P.M.12:00 Noon, New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Eurocurrency Loans, or (b) prior to 12:00 Noon, New York City time, one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Tranche B Term Loan Lenders make the Tranche B Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Tranche B Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make available to the account of the Parent Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Conmed Corp)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of a Borrowing Request Exhibit L (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to on the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available fundsfunds or wire such funds as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (RE/MAX Holdings, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in writing substantially in the form of Exhibit C (a Borrowing Request “Notice of Borrowing”) (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Closing Date shall initially be ABR Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon1:00 P.M., New York City time, on the Closing Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (SRAM International Corp)

Procedure for Term Loan Borrowing. The Borrower Borrowers shall give the Administrative Agent irrevocable notice in the form pursuant to a Notice of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans Loan on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice notice, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower Borrowers on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Amedisys Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 Noon, New York City time, (a) three Business Days prior to on the anticipated Closing Restatement Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the applicable Term Lenders make the Term Loans on the Closing Restatement Date and specifying the amount to be borrowed under each trancheborrowed. Prior to the earlier of (a) the Syndication Date and (b) the date that is sixty (60) days after the Restatement Date, any Term Loan that is a Eurodollar Loan shall have an Interest Period of one (1) month. Upon receipt of such notice the Administrative Agent shall promptly notify each applicable Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date Restatement Date, each applicable Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on such Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the books of such office of the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 1 contract

Samples: Credit Agreement (Microsemi Corp)

Procedure for Term Loan Borrowing. The Initial Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 5:00 P.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Subject to satisfaction (or waiver) of the conditions precedent specified in Section 5.1, not later than 9 A.M., New York City time, on the Closing Date, the Administrative Agent shall credit the account(s) designated in writing by the Initial Borrower to the Administrative Agent with the aggregate amount of the Term Loans requested by the Borrower in immediately available funds. The Term Loans made on the Closing Date shall initially be ABR Loans unless the initial Term Lenders and the Administrative Agent otherwise agree. Upon receipt of such borrowing notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon3:00 P.M., New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: First Lien Credit Agreement (Vertrue Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of a Borrowing Request Exhibit L (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available fundsfunds or wire such funds as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (RE/MAX Holdings, Inc.)

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Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit B hereto (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 Noon, New York City time, time (a) three (3) Business Days prior to the anticipated Closing requested Borrowing Date, in the case of Eurodollar Loans, Loans or (b) one Business Day prior to on the anticipated Closing requested Borrowing Date, in the case of ABR Base Rate Loans) requesting that the Term applicable Lenders make the applicable Term Loans on the Closing Funding Date and specifying the amount to be borrowed under for each tranchesuch Term Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each Term applicable Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date Funding Date, each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit make the account proceeds of such Term Loan or Term Loans available to the Borrower on the books of such office of Borrowing Date by wire transfer in immediately available funds to a bank account designated in writing by the Administrative Agent with the aggregate of the amounts made available Borrower to the Administrative Agent by the Term Lenders in immediately available fundsAgent.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit K-1 (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Tranche A Term Lenders make the Tranche A Term Loans Loans, in each case on the Closing Date Date, and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Closing Date shall initially be ABR Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each such Term Lender thereof. Not later than 12:00 Noon3:00 P.M., New York City time, on the Closing Date each such Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of designated in writing by the Borrower on the books of such office of to the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the such Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Wesco Aircraft Holdings, Inc)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.(i)12:00 Noon, New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Eurocurrency Loans, or (bii) one Business Day prior to 10:00 A.M., New York City time, on the day of the anticipated Closing Date, in the case of ABR Loans) requesting that the Original Term Lenders make the Original Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Original Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date Date, each Original Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Original Term Loan or Original Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Original Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Term Facility Agreement (Avis Budget Group, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Closing Date shall initially be ABR Loans, unless Borrower has given notice to the Administrative Agent three Business Days prior to the Closing Date that such Loans shall be Eurodollar Loans and the Interest Periods related thereto. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall (i) credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.the

Appears in 1 contract

Samples: Mortgage, Security Agreement (Metavante Technologies, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the --------------------------------- Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to on the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date. The Term Loans made on the Closing Date shall initially be Base Rate Loans, and specifying no Term Loan may be converted into or continued as a Eurodollar Loan with an Interest Period longer than one week prior to the amount to be borrowed under each tranchedate which is 30 days after the Closing Date. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit transfer to the account of the Borrower on specified by the books of such office of the Administrative Agent with Borrower the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Alliance Laundry Holdings LLC)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable written (or telephonic promptly confirmed in writing) notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 noon, New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Such notice shall be given by the Borrower in the form of Exhibit G. The Term Loans made on the Closing Date shall initially be ABR Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office its office specified in subsection 10.2 an amount in immediately available funds equal to the Term Loan Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in immediately available fundslike funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Omniamerica Inc)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 Noon, New York City time, (a) one Business Day prior to the anticipated Restatement Effective Date with respect to ABR Loans and three Business Days prior to the anticipated Closing Date, in the case of Restatement Effective Date with respect to Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders (other than Term Lenders that are only converting Existing Term Loans) make the Term Loans on the Closing Restatement Effective Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Restatement Effective Date each relevant Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of make available to the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available like funds.

Appears in 1 contract

Samples: Credit Agreement (Rent a Center Inc De)

Procedure for Term Loan Borrowing. The Borrower shall give deliver to the Administrative Agent an irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Third Amendment Effective Date, in the case of ABR Loans) requesting that the Term Loan Lenders make the Term Loans on the Closing Third Amendment Effective Date and specifying the amount to be borrowed under each trancheborrowed. The Term Loans made on the Third Amendment Effective Date shall initially be Base Rate Loans and may be converted to Eurodollar Loans pursuant to Section 2.10. Upon receipt of such notice Borrowing Notice the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Third Amendment Effective Date each Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of make available to the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders Loan Lenders, in immediately available fundslike funds as received by the Administrative Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (B&G Foods, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of a Borrowing Request Exhibit J (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to on the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available fundsfunds or wire such funds as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (RE/MAX Holdings, Inc.)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheand whether the Term Loans will initially be LIBOTerm Benchmark Loans or Prime Rate Loans (and, if LIBOTerm Benchmark Loans, the Interest Period for such Term Loans). Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noonnoon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term B Loan to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Burlington Stores, Inc.)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice substantially in the form of a Borrowing Request Exhibit K (which notice must be received by the Administrative Agent prior to 1:00 P.M., New York City time, (ai) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, Loans or (bii) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) requesting that the Tranche A Term Lenders make the Tranche A Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche A Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Tranche A Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche A Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Tranche A Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Advent Software Inc /De/)

Procedure for Term Loan Borrowing. (a) The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.(ai) 12:00 Noon, New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Eurocurrency Loans, or (bbii) one Business Day prior to 10:00 A.M., New York City time, on the day of the anticipated Closing Date, in the case of ABR Loans) requesting that the Original Term Lenders make the Original Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Original Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date Date, each Original Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Original Term Loan or Original Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Original Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Incremental Facilities Agreement (Avis Budget Group, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.10:00 A.M., New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the anticipated Closing Restatement Effective Date, in the case of ABR Loans) requesting that the Term Lenders make the Term Loans D on the Closing Restatement Effective Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon1:00 P.M., New York City time, on the Closing Restatement Effective Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan Loans D to be made by such Lender, or provide the Administrative Agent with a Conversion Notice with respect to its Existing Term Lender. Loans in lieu of such funding requirement with respect to Term Loans D. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available (including by conversions) to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Allied Security Holdings LLC)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice notice, substantially in the form of a Borrowing Request (Notice of Borrowing, which notice must be received by the Administrative Agent prior to 1:00 P.M.11:00 a.m., New York City Tulsa time, (a) three two Business Days prior to the anticipated Closing Date, in the case of Eurodollar LIBOR Loans, or (b) one Business Day prior to the anticipated Closing Date, in the case of ABR Loans) , requesting that the Term Lenders make the Term Loans on the Closing Date and specifying the amount to be borrowed under each trancheborrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noonnoon, New York City Tulsa time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available fundsfunds or wire such funds as directed by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Enovation Controls, Inc.)

Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice in the form of a Borrowing Request (which notice must be received by the Administrative Agent prior to 1:00 P.M.12:00 Noon, New York City time, (a) three Business Days prior to the anticipated Closing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to 10:00 A.M., New York City time, on the anticipated Closing Date, in the case of ABR Loans) requesting that specifying (i) the Term Lenders make the amount and Type of Term Loans on the Closing Date and specifying the amount to be borrowed under and (ii) in the case of Eurodollar Loans, the respective amounts of each tranchesuch Type of Loan and the respective lengths of the initial Interest Period therefor. Upon receipt of such notice the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date each Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Term Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Lenders in immediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Oci Holdings Inc)

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