Procedures for Borrowings Sample Clauses

Procedures for Borrowings. (a) Until the occurrence of the Program Maturity Date, the Lender will make Advances on any Business Day at the request of a Borrower, subject to and in accordance with the terms and conditions of this Article II and Article III. (b) Each Borrowing shall be made on not less than three Business Days’ notice from the related Borrower to the Agent. Each such notice shall specify (A) the aggregate amount of such Borrowing, which shall be in an amount equal to or greater than $250,000 (which amount applies in the aggregate to both Borrowers) and (B) the date of such Borrowing. Any such notice received by the Agent after 11:00 am New York time will be deemed to have been delivered on the following Business Day. On the date of such Borrowing, the Lender shall, upon satisfaction of the applicable conditions set forth in Article III, make available to the applicable Borrower in same day funds, the amount of such Borrowing by payment to the account which such Borrower has designated in writing.

Procedures for Borrowings. Each Borrowing shall be made on not less than three (3) Business Days’ notice from the Borrower to the Agent. Each such notice shall specify (A) the aggregate amount of such Borrowing, which shall be in an amount equal to or greater than $250,000 and (B) the date of such Borrowing. Any such notice received by the Agent after 11:00 a.m. New York City time will be deemed to have been delivered on the following Business Day. On the date of such Borrowing, the applicable Lender shall, upon satisfaction of the applicable conditions set forth in Articles II and III, make available to the Borrower in same day funds, the amount of such Borrowing by payment to the account which the Borrower has designated in writing.

Procedures for Borrowings. Except as otherwise permitted by Administrative Agent in Administrative Agent’s sole discretion, (i) each Borrowing of a Term Loan shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and shall be made on a Business Day, (ii) each Borrowing of a Revolving Loan shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and shall be made on a Business Day, and (iii) each Borrowing shall be made upon Borrower’s irrevocable written request in the form of a completed Loan Notice delivered to Administrative Agent not later than 12:00 noon at least (x) in the case of a Base Rate Loan, one (1) Business Day, and (y) in the case of a Eurodollar Rate Loan, three (3) Business Days, but in any case not more than five (5) Business Days, prior to the proposed Business Day on which such requested Borrowing is to be made (the “Borrowing Date”). No later than 11:00 a.m. on each Borrowing Date, each Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Applicable Percentage of the requested Borrowing available by wire transfer to the Administrative Agent or as otherwise directed by the Administrative Agent. Unless otherwise directed by the Administrative Agent, such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s Office and shall be in the form of immediately available, freely transferable Dollars. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to Borrower by delivery of the proceeds thereof as shall be directed by a Responsible Officer and reasonably acceptable to the Administrative Agent. On each Borrowing Date, Borrower irrevocably authorizes Administrative Agent and Lenders to disburse the proceeds of the requested Borrowing to an account of Borrower or as otherwise directed by Borrower, in each case as agreed to by Administrative Agent, for credit to Borrower via wire transfer. If, on the date the Loan Notice with respect to such Borrowing is given by Borrower, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to Borrower as provided above. At no time shall more than eight (8) Eurodollar Rate Loans be in effect.

Procedures for Borrowings. Each Borrowing shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which shall be given by a written Loan Notice appropriately completed and signed by a Responsible Officer of the Borrower. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. three (3) U.S. Government Securities Business Days prior to the requested date of any Borrowing. Each Borrowing shall be in a principal amount permitted by Section 3.1. Each Loan Notice shall specify (a) the requested date of the Borrowing (which shall be a Business Day during the Availability Period), (b) the principal amount of Loans to be borrowed and (c) the Interest Period with respect thereto, which shall end on the last day of the then current Interest Period with respect to any Loans then outstanding. Borrowings shall only be available at Term SOFR. The Borrower may not request a Borrowing if, after giving effect to such Borrowing, there would be more than eight (8) Borrowings outstanding and the Borrower may not request more than three (3) Borrowings in any calendar month.

Procedures for Borrowings. Borrower shall deliver to Administrative Agent a Borrowing Notice (which each such Borrowing Notice must be received by Administrative Agent prior to 10:00 A.M., New York City time, three U.S. Government Securities Business Days prior to the applicable Borrowing Date) requesting that the Lenders make the Loans on the Borrowing Date and specifying the amount to be borrowed. Once given, a Borrowing Notice shall be irrevocable and Borrower shall be bound thereby. Each Borrowing Notice (whether telephonic or written) shall specify (i) whether Borrower is requesting a Borrowing, a conversion of Borrowings from one Type to the other, or a continuation of Borrowings, (ii) the requested date of the Borrowing or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Borrowings to be borrowed or continued, (iv) the Type of Borrowings to be borrowed or to which existing Borrowings are to be converted and (v) if applicable, the duration of the Interest Period with respect thereto. If Borrower fails to specify a Type of Borrowing in a Borrowing Notice or if Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Borrowings shall be made as, or converted to, Base Rate Borrowings. Any such automatic conversion to Base Rate Borrowings shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Tranche Rate Borrowing. If Borrower requests a Borrowing of, conversion to, or continuation of a Tranche Rate Borrowing in any such Borrowing Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

Procedures for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by fax or email (i) in the case of a Eurocurrency Borrowing, not later than 12:00 p.m., Local Time, three Business Days before the date of the proposed Borrowing (or, in the case of the Borrowings to be made on the Closing Date and/or the Borrowing of any Last Out Term Loan after the Closing Date, one Business Day) or (ii) in the case of an ABR Borrowing, not later than 12:00 noon, Local Time, one Business Day before the date of the proposed Borrowing; provided, that any such notice of an ABR ABL Facility Borrowing to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.05(e) may be given not later than 10:00 a.m., Local Time, on the date of the proposed Borrowing. Each such Borrowing Request shall be irrevocable. Each such Borrowing Request shall specify the following information in compliance with Section 2.02: (i) whether such Borrowing is to be a Borrowing of DIP ABL Revolving Loans or Last Out Term Loans; (ii) the aggregate amount of the requested Borrowing; (iii) the date of such Borrowing, which shall be a Business Day; (iv) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; (v) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (vi) the location and number of the Borrower’s account to which funds are to be disbursed.

Procedures for Borrowings. 17 2.04 Conversion and Continuation Elections. . . . . . . .

Procedures for Borrowings. Each Borrowing shall be made on not less than three (3) Business Days’ notice from the related Borrower to the Agent. Each such notice shall specify (A) the aggregate amount of such Borrowing, which shall be in an amount equal to or greater than $250,000; (B) the date of such Borrowing and (C) the Borrower that is requesting such Borrowing. Any such notice received by the Agent after 11:00 a.m. New York City time will be deemed to have been delivered on the following Business Day. On the date of such Borrowing, the applicable Lender shall, upon satisfaction of the applicable conditions set forth in Articles II and III, make available to the applicable Borrower in same day funds, the amount of such Borrowing by payment to the account which such Borrower has designated in writing.

Procedures for Borrowings. To request a Borrowing of Loans, Borrower shall deliver to each Lender a written notice (a "NOTICE OF BORROWING"). Each Notice of Borrowing shall specify the Business Day on which Borrower requests that such Loans be made and the amount of the Loans to be made. Notices of Borrowing shall be received by each Lender not later than 3:00 p.m. New York time on the second Business Day prior to the date of the proposed Borrowing. Borrower shall provide to each Lender a list, with specimen signatures, of officers authorized to request Loans. Each Lender is entitled to rely upon such list until it is replaced by Borrower.

Procedures for Borrowings. (a) Until the occurrence of the Revolving Period Termination Date, the Conduit Lender may, and the Committed Lender will, make Advances on any Business Day at the request of the Borrower, subject to and in accordance with the terms and conditions of this Article II and Article III. (b) Each Advance shall be in a minimum principal amount equal to or greater than $500,000. (c) The Borrower may request an Advance hereunder, on any Business Day during the period from and including the Effective Date to but excluding the Revolving Period Termination Date, by delivering to the Agent, with a copy to the Custodian, a Notice of Borrowing and Pledge, appropriately completed and executed by a Responsible Officer of the Borrower, which Notice of Borrowing and Pledge must be received by the Agent, with a copy to the Custodian, prior to 10:00 a.m., New York City time, three Business Days prior to the requested Funding Date (in the case of the initial Borrowing) and onetwo Business DayDays prior to the requested Funding Date (in the case of any other Borrowing); provided, that the Borrower shall not request more than two Advances during any calendar week. Such Notice of Borrowing and Pledge shall (i) attach a Medallion Loan Schedule identifying the Eligible Medallion Loans that the Borrower proposes to pledge to the Agent and to be included in the Borrowing Base in connection with such Advance, (ii) contain the amount of the Advance requested to be made on such Funding Date, (iii) specify the requested Funding Date, (iv) include certification from a Responsible Officer of the Borrower (A) as to the satisfaction of all of the matters referred to in Sections 3.02 (a), (b) and (c) hereof, (B) that, as of the requested Funding Date with respect to each Eligible Medallion Loan listed in the Medallion Loan Schedule after giving effect to the requested increase, the Custodian shall have (A) received the Medallion Loan File with respect to each such Eligible Medallion Loan and (B) sent a “Trust Receipt” (as defined in the Custodial Agreement) to the Agent for each such Eligible Medallion Loan included in the calculation of the Borrowing Base and (v) contain (by attachment) such other information reasonably requested by the Agent or the applicable Lender from time to time. (d) With respect to any Medallion Loan, the Borrower shall deliver to the Custodian the related Medallion Loan File in the manner set forth in Section 2 of the Custodial Agreement.