Procedure for U. S. TERM LOAN BORROWING. The Company may borrow under the U.S. Term Loan Commitments during the U.S. Term Loan Commitment Period on any Business Day in accordance with this Section 2.2, PROVIDED that the Company shall give the General Administrative Agent irrevocable written notice (which notice must be received by the General Administrative Agent prior to 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of LIBOR Loans, or (b) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (i) the amount and Type of U.S. Term Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of LIBOR Loans, the respective amounts of each such Type of Loan and the respective < 33 lengths of the initial Interest Periods therefor. The U.S. Term Loans made on the Closing Date shall be in an aggregate principal amount not exceeding the sum of (i) the cash amount payable in connection with the Exchange Offer on the Closing Date, (ii) the aggregate principal amount of the U.S. Term Loans and Revolving Credit Loans outstanding under (and as defined in) the Existing Credit Agreement and (iii) costs and expenses relating to the Exchange Offer and the financing thereof. After the Closing Date and prior to the Merger Date, the Company may make one additional borrowing of U.S. Term Loans in an aggregate principal amount not exceeding the cash portion of the consideration payable in connection with delayed delivery of Target Shares pursuant to the Exchange Offer or in connection with Target Shares for which payment cannot be made on the Closing Date because of inability of the Exchange Agent to complete the verification process in respect of such Target Shares. On the Merger Date, the Company may make an additional borrowing of U.S. Term Loans in an aggregate principal amount not exceeding the cash portion of the consideration payable in connection with the Merger, and costs and expenses related thereto, LESS the amount, if any, of Net Cash Proceeds received by the Company from the High Yield Offering, if it has been consummated, to the extent such Net Cash Proceeds have not been applied to prepay the Term Loans or reduce the Term Loan Commitments pursuant to Section 6.3(b) and (e). In addition, on the Merger Date the Company may borrow U.S. Term Loans in an amount sufficient to repay existing indebtedness of Safety-Kleen required to be repaid in connection with the M...
Procedure for U. S. Term Loan Borrowing. The Company may borrow under the U.S. Term Loan Commitments during the U.S. Term Loan Commitment Period on any Business Day in accordance with this Section 2.2, provided that the Company shall give the General Administrative Agent irrevocable written notice (which notice must be received by the General Administrative Agent prior to 12:00 Noon, New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of LIBOR Loans, or (b) one Business Day prior to the requested Borrowing Date, in the case of Base Rate Loans), specifying (i) the amount and Type of U.S. Term Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of LIBOR Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. The U.S. Term Loans made on the Closing Date shall be in an aggregate principal amount not exceeding the sum of (i) the cash amount payable in connection with the Exchange Offer on the Closing Date, (ii) the aggregate principal amount of the U.S. Term Loans and Revolving Credit Loans outstanding under (and as defined in) the Existing Credit Agreement and (iii) costs and expenses relating to the Exchange Offer and the financing thereof. After the Closing Date and prior to the Merger Date, the Company
Procedure for U. S. Borrowing. (a) Each Borrowing of U.S. Dollar Loans shall be made upon the Company's irrevocable written notice delivered to the U.S. Agent in the form of a Notice of U.S. Borrowing, which notice must be received by the U.S. Agent prior to 11:00 a.m. (Chicago time) (i) three Business Days prior to the requested Borrowing Date, in the case of Offshore U.S. Loans, and (ii) on the requested Borrowing Date, in the case of Base Rate Loans, specifying:
Procedure for U. S. Loan Borrowing. Chrysler may borrow under the U.S. Commitments during the Commitment Period on any Business Day, provided, that Chrysler 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, (i) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans and (ii) two Business Days prior to the requested Borrowing Date, in the case of Base Rate Loans) specifying (A) the amount to be borrowed, (B) the requested Borrowing Date, (C) whether the borrowing is to be of Eurodollar Loans or Base Rate Loans and (D) if the borrowing is to be of Eurodollar Loans, the duration of the Interest Period with respect thereto. Upon receipt of such notice the Administrative Agent shall promptly notify each US$ Bank thereof. Not later than 12:00 noon, New York City time, on the Borrowing Date specified in such notice, each US$ Bank shall make an amount equal to the amount of the U.S. Loan to be made by such Bank available to the Administrative Agent for the account of Chrysler at the office of the Administrative Agent specified in subsection 13.2 in funds immediately available to the Administrative Agent. Such borrowing will then be made available to Chrysler by the Administrative Agent crediting the account of Chrysler on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the US$ Banks and in like funds as received by the Administrative Agent. Each borrowing of Base Rate Loans shall be in an aggregate principal amount not less than the lesser of (i) $25,000,000 and (ii) the then aggregate Available U.S. Commitments. Each borrowing of Eurodollar Loans shall be in an aggregate principal amount not less than $25,000,000.
Procedure for U. S. TERM LOAN BORROWING. The U.S. Borrower shall give the U.S. Administrative Agent irrevocable notice (which notice must be received by the U.S. Administrative Agent prior to 10:00 a.m., New York City time, one Business Day prior to the anticipated Closing Date) requesting that the U.S. Term Lenders make the U.S. Term Loans on the Closing Date and specifying the amount to be borrowed. The U.S. Term Loans made on the Closing Date shall initially be ABR Loans and, unless otherwise agreed by the U.S. Administrative Agent in its sole discretion, no U.S. Tranche B Term Loan may be converted into or continued as a Eurodollar Loan prior to the date that is 5 Business Days after the Closing Date and the initial Interest Period for U.S. Tranche B Term Loans which are Eurodollar Loans shall 34 be one month. Upon receipt of such notice, the U.S. Administrative Agent shall promptly notify each U.S. Term Lender thereof. Not later than 12:00 noon, New York City time, on the Closing Date each U.S. Term Lender shall make available to the U.S. Administrative Agent at its Funding Office an amount in immediately available funds equal to the U.S. Term Loan or U.S. Term Loans to be made by such Lender. The U.S. Administrative Agent shall make available to the U.S. Borrower, in accordance with instructions received from it by the U.S. Administrative Agent, the aggregate of the amounts made available to the U.S. Administrative Agent by the U.S. Term Lenders in immediately available funds.
Procedure for U. S. Revolving Credit Borrowing. The U.S. Borrower --------------------------------------------- may borrow U.S. Revolving Credit Loans under the U.S. Revolving Credit Commitments on any Business Day during the U.S. Revolving Credit Commitment Period, provided that the U.S. Borrower shall give the General Administrative -------- Agent irrevocable notice (which notice must be received by the General Administrative Agent prior to 1:00 P.M., New York City time, (a) three Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (b) one Business Day prior to the requested Borrowing Date, in the case of U.S. Base Rate Loans), specifying (i) the amount and Type of U.S. Revolving Credit Loans to be borrowed, (ii) the requested Borrowing Date and (iii) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. Any U.S. Revolving Credit Loans made on the Closing Date shall initially be U.S. Base Rate Loans, and prior to the Syndication Date no U.S. Revolving Credit Loan may be made as, converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month. Each borrowing of U.S. Revolving Credit Loans under the U.S. Revolving Credit Commitments shall be in an amount equal to (x) in the case of U.S. Base Rate Loans, U.S.$250,000 or integral multiples of $100,000 in excess thereof (or, if the then aggregate Available U.S. Revolving Credit Commitments are less than U.S.$250,000, such lesser amount) and (y) in the case of Eurodollar Loans, U.S.$1,000,000 or integral multiples of $500,000 in excess thereof; provided, that the Swing Line Lender may request, on behalf -------- of the U.S. Borrower, borrowings of U.S. Base Rate Loans under the U.S. Revolving Credit Commitments in other amounts pursuant to Section 2.7. Upon receipt of any such notice from the U.S. Borrower, the General Administrative Agent shall promptly notify each U.S. Revolving Credit Lender
