Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, two Business Days prior to the anticipated Closing Date) requesting that the Tranche B Term Lenders make the Tranche B Term Loans on the Closing Date and specifying (i) the amount of Loans to be borrowed, (ii) the anticipated Closing Date and (iii) the length of the initial Interest Period therefor. Each such borrowing shall be in an amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof. Upon receipt of such notice of borrowing the Administrative Agent shall promptly notify each Tranche B Term Lender thereof. Each Tranche B Term Lender will make the amount of its Tranche B Term Loan available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 2:00 p.m., New York City time, on the Closing Date. Such borrowing will then be made available to the Borrower by the Administrative Agent crediting the account of the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Tranche B Term Lenders and in like funds as received by the Administrative Agent.
Procedure for Tranche B Term Loan Borrowing. The Primary Borrower shall give the Administrative Agent 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 (a) the anticipated Amendment and Restatement Effective Date or (b) in the case of the Incremental Tranche B Term Loans, the anticipated Incremental Tranche B Effective Date, in each case requesting that the Tranche B Term Loan Lenders make the Tranche B Term Loans on the Amendment and Restatement Effective Date (or, in the case of the Incremental Tranche B Term Loans, on the Incremental Tranche B Effective Date) and specifying the amount to be borrowed. The Tranche B Term Loans made on the Amendment and Restatement Effective Date shall initially be Base Rate Loans. Upon receipt of such notice the Administrative Agent shall promptly notify each relevant Tranche B Term Loan Lender thereof. Not later than 12:00 Noon, New York City time, on the Amendment and Restatement Effective Date (or, in the case of the Incremental Tranche B Term Loans, on the Incremental Tranche B Effective Date) each relevant Tranche B Term Loan Lender shall make available to the Administrative Agent at the relevant Funding Office an amount in immediately available funds equal to the Tranche B Term Loan to be made by such Lender on such date. The Administrative Agent shall make available to the Primary Borrower the aggregate of the amounts made available to the Administrative Agent by the Tranche B Term Loan Lenders, in like funds as received by the Administrative Agent.
Procedure for Tranche B Term Loan Borrowing. The Borrower shall deliver to the Administrative Agent a Borrowing Request (which Borrowing Request must be received by the Administrative Agent prior to 11:00 A.M., New York City time, one Business Day prior to the anticipated Closing Date) 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. Upon receipt of such Borrowing Request the Administrative Agent shall promptly notify each Tranche B Term Loan Lender thereof. Not later than 11:00 A.M., New York City time, on the Closing Date each Tranche B Term Loan Lender shall make available to the Administrative Agent an amount in immediately available funds equal to the Tranche B Term Loan or Tranche B Term Loans to be made by such Lender. The Administrative Agent shall make available to the Borrower the aggregate of the amounts made available to the Administrative Agent by the Tranche B Term Loan Lenders, in like funds as received by the Administrative Agent.
Procedure for Tranche B Term Loan Borrowing. Section 2 of the Credit Agreement is hereby amended by adding the following subsection following subsection 2.7 thereof:
Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the anticipated Fifth Amendment Effective Date in the case of ABR Loans or three Business Days prior to the anticipated Fifth Amendment Effective Date in the case of Eurodollar Loans) requesting that the Tranche B Term Lenders make the Tranche B Term Loans on the Fifth Amendment Effective Date.
Procedure for Tranche B Term Loan Borrowing. The Primary Borrower shall give the Administrative Agent 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 Closing Date) 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. The Tranche B Term Loans shall initially be Base Rate Loans. 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 relevant Funding Office an amount in immediately available funds equal to the Tranche B Term Loan to be made by such Lender. The Administrative Agent shall make available to the Primary Borrower the aggregate of the amounts made available to the Administrative Agent by the Tranche B Term Loan Lenders, in like funds as received by the Administrative Agent.
Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Administrative Agent 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 2011 Restatement Date) requesting that the Tranche B-3 Term Lenders make the Tranche B-3 Term Loans on the 2011 Restatement Date. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B-3 Term Lender thereof. Not later than 10:00 A.M., New York City time, on the 2011 Restatement Date, each Tranche B-3 Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche B-3 Term Commitment of such Tranche B-3 Term Lender. The Administrative Agent shall promptly make available to the Borrower on the 2011 Restatement Date, by wire transfer of immediately available funds to a bank account designated in writing by the Borrower, the aggregate of the amounts made available to the Administrative Agent by the Tranche B-3 Term Lenders in immediately available funds.
Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 12:00 Noon, New York City time, one Business Day prior to the Amendment Effective Date) requesting that the Tranche B Term Loan Lenders make the Tranche B Term Loans on the Amendment Effective Date and specifying the amount to be borrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B Term Lender thereof. On the Amendment Effective Date each Tranche B Term Loan Lender shall make available to the Administrative Agent at its office specified in Section 12.2 an amount in immediately available funds equal to the Tranche B Term Loan to be made by such Tranche B Term Loan Lender. 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 by the Tranche B Term Loan Lenders.
Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Agent irrevocable notice in the form of a Notice of Borrowing (which notice must be received by the Agent prior to 12:00 Noon (Charlotte, North Carolina time) one Business Day prior to the Closing Date) requesting that the Tranche B Term Lenders make the Tranche B Term Loans on the Closing Date and specifying the amount to be borrowed. The Tranche B Term Loans made on the Closing Date shall initially be Base Rate Loans. Upon receipt of such notice the Agent shall promptly notify each Tranche B Term Lender thereof. Not later than 12:00 Noon (Charlotte, North Carolina time) on the Closing Date each Tranche B Term Lender shall make available to the Agent at the office of the Agent specified in Section 10.2 an amount in immediately available funds equal to the Tranche B Term Loan or Tranche B Term Loans to be made by such Lender. The Agent shall credit the account of the Borrower on the books of such office of the Agent with the aggregate of the amounts made available to the Agent by the Tranche B Term Lenders in immediately available funds.
Procedure for Tranche B Term Loan Borrowing. The Borrower shall give the Administrative Agent 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 Date) requesting that the Tranche B-2 Term Lenders make the Tranche B-2 Term Loans (by converting Existing Term Loans into Tranche B-2 Term Loans) on the Restatement Date and specifying the amount to be borrowed. Upon receipt of such notice the Administrative Agent shall promptly notify each Existing Term Lender thereof. On the Restatement Date 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 Tranche B-2 Term Loans converted by the Term Lenders.
