Common use of Procedure for Term Loan Borrowings Clause in Contracts

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 2 contracts

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

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Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreement and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 2 contracts

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Closing Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Term Loan Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement) each applicable 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 Lender on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in inBorrowing Date of the applicable Incremental Assumption AgreementAgreementTerm Loans) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreementspecified Borrowing Date and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreement)proposed Borrowing Date, each applicable 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 Lender on the Restatement Funding Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.Agreement)such

Appears in 1 contract

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

Procedure for Term Loan Borrowings. (a) The Borrower Company shall deliver to give the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption AgreementClosing Date) requesting that the applicable Additional Tranche A Term Loan Lenders make the applicable Term Additional Tranche A Team Loans on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Additional Tranche A Term Loan Lender thereof. Not later than 12:00 noonNoon, New York City time, on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable Additional Tranche A Term Loan Lender shall make available to the Administrative Agent at the Funding Office office of the Administrative Agent specified in subsection 10.2 an amount in immediately available funds equal to the Additional Tranche A Term Loan or Additional Tranche A Term Loans to be made by such Lender on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement)Lender. The Administrative Agent shall make available credit to the Borrower account of the Company on the books of such office the aggregate of the amounts made available to the Administrative Agent by the applicable Additional Tranche A Term Loan Lenders, Loam Lenders in like funds as received by the Administrative Agentimmediately available funds.

Appears in 1 contract

Samples: Execution (Gentek Inc)

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreement and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding FirstSecond Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding FirstSecond Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Term Loan Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or Date(or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Date (or Date(or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement) each applicable 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 Loansto be made by such Lender on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Term Loan Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Closing Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding Closing Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

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Procedure for Term Loan Borrowings. The To borrow Term Loans during the Term Commitment Period, the Parent Borrower shall deliver to give the Administrative Agent an irrevocable notice (which notice must be received by (a) in the Administrative Agent case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business Days prior to 10:00 A.M.the applicable date or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreementdate) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on requested date of such other date set forth in the applicable Incremental Assumption Agreement) Borrowing, which shall be a Business Day, and specifying the amount to be borrowedborrowed and, except in the case of ABR Borrowing of Term Loans, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term Interest Period. Upon receipt of such notice of borrowing Borrowing Request the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon10:00 a.m., New York City time, time on the Restatement Funding Date (or on date of such other date set forth in the applicable Incremental Assumption Agreement) Borrowing, each applicable Term Loan Lender shall make available to the Administrative Agent at the applicable Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement)Lender. The Administrative Agent shall make available to credit the account of the applicable 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 applicable Term Loan Lenders, Lenders in like funds as received by the Administrative Agentimmediately available funds.

Appears in 1 contract

Samples: Credit Agreement (Charles River Laboratories International Inc)

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreement and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding ThirdFourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding ThirdFourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding FundingFirst Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding FundingFirst Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

Procedure for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Restatement Funding Date or one Business Day prior to such other anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the Restatement Funding Date (or on such other date set forth in the applicable Incremental Assumption Agreement) Agreement and specifying the amount to be borrowed. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York City time, on the Restatement Funding SecondThird Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable 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 Lender on the Restatement Funding SecondThird Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative Agent.

Appears in 1 contract

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

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