Procedure for Term Loans. Not later than 11:00 A.M. (Minneapolis time) two LIBOR Business Days prior to the requested Closing Date if the Term Loans are requested as LIBOR Advances and not later than 11:00 A.M. (Minneapolis time) one Business Day prior to the Closing Date if the Term Loans are requested as Prime Rate Advances, the Borrowers’ Agent shall deliver to the Agent a written notice of borrowing. Such notice of borrowing shall be irrevocable and shall be deemed a representation by the Borrowers that on the Closing Date and after giving effect to the Term Loans, the applicable conditions specified in Article III have been and will be satisfied. Such notice of borrowing shall specify (i) the requested Closing Date, (ii) whether such Term Loans are to be funded as LIBOR Advances or Prime Rate Advances (and if such Term Loans are to be made with more than one applicable interest rate choice, specifying the amount to which each interest rate choice is applicable), and (iii) in the case of LIBOR Advances, the duration of the initial Interest Period applicable thereto. The Agent shall promptly, on the date such request is received, notify each Bank of the receipt of such notice and the matters specified therein. On the requested Closing Date, each Bank shall provide to the Agent the amount of such Bank’s Term Loan in Immediately Available Funds not later than 11:00 A.M., Minneapolis time. Unless the Agent determines that any applicable condition specified in Article III has not been satisfied, the Agent will make the proceeds of the Term Loans available to the Borrowers at the Agent’s main office on the requested date. The foregoing shall not apply to the funding of any Incremental Term Loans, the funding of which shall be governed by Section 2.13(b).
Procedure for Term Loans. Any request by the Borrower for Term Loans hereunder shall be made in accordance with the same procedure as required for Line of Credit Loans as set forth in the preceding subsection (a).
Procedure for Term Loans. The Agent will make the proceeds of the Term Loans available to the Borrower on the Effective Date.
Procedure for Term Loans. The Term Loans have been disbursed in full, and the Lender will make no further advances to the Borrower under this Agreement or the Original Loan Agreement.
Procedure for Term Loans. As provided in subsection 2.20(a), ------------------------ unless an Insolvency Event of Default shall have occurred, each U.S. Dollar Bank will make the amount of its pro rata share of the Term Loans (based --- ---- on the percentage which its Term Loan Commitment constitutes of the aggregate Term Loan Commitments) available to the Administrative Agent for the account of the U.S. Dollar Borrowers at the office of the Administrative Agent specified in subsection 12.2 prior to 10:00 A.M., Philadelphia time on the second Business Day after the Closing Date in funds immediately available to the Administrative Agent.
Procedure for Term Loans. Subject to the terms and conditions hereof, Borrower may from time to time upon not less than thirty (30) days' and not more than ninety (90) days' prior written notice to TMCC, elect to convert one or more Advances into a single term loan (a "Term Loan"). Such notice (a "Conversion Notice") shall be in a form substantially similar to Exhibit C-2 hereto, made by an authorized representative of Borrower, and transmitted to TMCC by facsimile or personal delivery in accordance with Section 9.3 hereof and shall specify, subject to the conditions of this Section, (i) the amount of the Advances to be converted into a Term Loan, (ii) the proposed conversion date (the "Conversion Date") and (iii) whether the Term Loan shall bear interest at the Floating Rate or the Fixed Rate. Any such Conversion Notice shall be irrevocable and shall be deemed to constitute a representation and warranty by Borrower that as of the date of such notice the representations and warranties set forth in Article V hereof are true and correct and that no Event of Default or event that, with the giving of notice or the passing of time, or both, would constitute an Event of Default, has occurred and is continuing.
Procedure for Term Loans. The first sentence of Section 2.2(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: Not later than 11:00 A.M. (Central time) three LIBOR Business Days prior to the requested Term Loan Date (which, for Tranche A1 Term Loans and Tranche B1 Term Loans shall be the Closing Date) if the Term Loans are requested as LIBOR Rate Advances or the Second Tranche 2 Advance or Final Tranche 2 Advance in respect of the Tranche A2 Term Loans and not later than 11:00 A.M. (Central time) on the requested Term Loan Date (which, for Tranche A1 Term Loans and Tranche B1 Term Loans, shall be the Closing Date) if the Term Loans are requested as a Tranche A1 Advance, the First Tranche 2 Advance in respect of the Tranche A2 Term Loans, Base Rate Advances or Quoted Rate Advances, the Borrowers’ Agent shall submit to the Administrative Agent a written request for borrowing.
Procedure for Term Loans. On the requested Closing Date, the Borrowers shall deliver to the Agent a Borrowing Request requesting the making of the Term Loans. Such Borrowing Request shall be irrevocable and shall be deemed a representation by the Borrowers that on the Closing Date and after giving effect to the Term Loans the applicable conditions specified in Article III have been and will be satisfied. The Agent shall promptly notify each Lender of the receipt of such notice and the matters specified therein. On the requested Closing Date, each Lender shall provide to the Agent the amount of such Xxxxxx’s Term Loans in Immediately Available Funds not later than 1:00 P.M. (Minneapolis time). Unless the Agent determines that any applicable condition specified in Article III has not been satisfied, the Agent will make the proceeds of the Term Loans available to the Borrowers at the Agent’s main office on the requested date.
Procedure for Term Loans. Not later than 1:00 P.M. (Minneapolis time) one Business Day prior to the requested Closing Date, the Borrower shall deliver to the Agent a written notice of borrowing. Such notice of borrowing shall be irrevocable and shall be deemed a representation by the Borrower that on the Closing Date and after giving effect to the Term Loans the applicable conditions specified in Article III have been and will be satisfied. Such notice of borrowing shall specify (i) the requested Closing Date, and (ii) whether such Term Loans are to be funded as Eurodollar Rate Advances or Reference Rate Advances. The Agent shall promptly notify each Lender of the receipt of such notice and the matters specified therein. On the requested Closing Date, each Lender shall provide to the Agent the amount of such Lender's Term Loan in Immediately Available Funds not later than 2:00 P.M., Minneapolis time. Unless the Agent determines that any applicable condition specified in Article III has not been satisfied, the Agent will make the proceeds of the Term Loans available to the Borrower at the Agent's Minneapolis, Minnesota office on the requested date.
Procedure for Term Loans. The Borrower shall deliver to the Bank a written notice of borrowing. The request for the Term Loans shall be deemed a representation by the Borrower that on the Closing Date and after giving effect to the Term Loans the applicable conditions specified in Article III have been and will be satisfied. Unless the Bank determines that any applicable condition specified in Article III has not been satisfied, the Bank will make the proceeds of the Term Loans available to the Borrower at the Bank’s main office on the requested date.
