Common use of Procedures for Loans Clause in Contracts

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan Advance, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern time) (i) three (3) Business Days prior to any Effective LIBO Rate Advance or conversion to an Effective LIBO Rate Advance, or (ii) one (1) Business Day prior to any Variable Rate Advance. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan Advance, (b) the aggregate amount of the requested Loan Advance, (c) each Lender's pro rata share of the requested Loan Advance, and (d) the applicable interest rate selected by Borrower with respect to such Loan Advance, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrower. Each Lender shall, before 11:00 a.m. (Eastern time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan Advance, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan Advance. After Administrative Agent's receipt of such funds and upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan Advance, but in no event later than ten (10) Business Days following such Loan Advance, Administrative Agent shall deliver to each Lender a copy of Borrower's request for Loan Advance. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower to Administrative Agent in support of the requested Loan Advance.

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan Advance, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern Boston time) two (i) three (32) Business Days prior to any Effective LIBO Rate Advance Loan or conversion to change of an Effective LIBO Rate Advance, or (ii) one (1) Business Day prior to existing Interest Period for any Variable Rate existing LIBOR Advance. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's pro rata RATA share of the requested Loan AdvanceLoan, and (d) the applicable interest rate Interest Period selected by Borrower with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrower. Each Lender shall, before 11:00 a.m. (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceLoan, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan AdvanceLoan. After Administrative Agent's receipt of such funds and upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan Advance, Administrative Agent shall deliver to each Lender a copy of Borrower's request for Loan AdvanceLoan. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower to Administrative Agent in support of the requested Loan AdvanceLoan.

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan AdvanceLoan, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern Boston time) (i) three two (32) Business Days prior to any Effective LIBO Rate Advance or conversion to an Effective LIBO Rate Advance, or (ii) one (1) Business Day prior to any Variable Rate Advance. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's pro rata share of the requested Loan AdvanceLoan, and (d) the applicable interest rate selected by the subject Borrower with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by such Borrower. Each Lender shall, before 11:00 a.m. (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceLoan, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan AdvanceLoan. After Administrative Agent's receipt of such funds and upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to such Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan AdvanceLoan, Administrative Agent shall deliver to each Lender a copy of such Borrower's request for Loan AdvanceLoan. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of such Borrower to Administrative Agent in support of the requested Loan AdvanceLoan.

Procedures for Loans. The Administrative Agent shall give written notice to each Lender of each request for a Loan AdvanceRevolving Loan, or conversion Conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate AdvanceLoan, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. 1:00 p.m. (Eastern Boston time) (i) three (3) Business Days prior to any Effective LIBO the making of a Revolving Loan which is a Eurodollar Rate Advance Loan or conversion to an Effective LIBO of a Loan into a Eurodollar Rate AdvanceLoan, or (ii) one (1) Business Day prior to any Variable the making of a Revolving Loan which is a Base Rate AdvanceLoan or conversion of a Loan into a Base Rate Loan. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's pro rata share of the requested Loan AdvanceLoan, and (d) the applicable interest rate selected by Borrower the Borrowers with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrowersuch Borrowers. Each Lender shall, before 11:00 a.m. 12:00 noon (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceLoan, make available to the Administrative Agent, at an account to be designated by the Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan AdvanceLoan. After the Administrative Agent's receipt of such funds (or, if the Administrative Agent so elects at its discretion, as otherwise provided in "14.2(f) below) and upon the Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, the Administrative Agent shall make such funds available to Borrower the Borrowers as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan AdvanceLoan, the Administrative Agent shall deliver to each Lender a copy of Borrower's the Borrowers' request for Loan Advancesuch Loan. Promptly after receipt by the Administrative Agent of written request from any Lender, the Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower Borrowers to the Administrative Agent in support of the requested Loan AdvanceLoan." 2.7. AMENDMENT OF SECTION 14.2(c). Section 14.2(c) of the Credit Agreement is amended read in its entirety as follows:

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan AdvanceLoan, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern Boston time) (i) three two (32) Business Days prior to any Effective LIBO Rate Advance or conversion to an Effective LIBO Rate Advance, or (ii) one (1) Business Day prior to any Variable Rate Advance. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's pro rata share of the requested Loan AdvanceLoan, and (d) the applicable interest rate selected by Borrower with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrower. Each Lender shall, before 11:00 a.m. (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceLoan, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan AdvanceLoan. After Administrative Agent's receipt of such funds and upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan AdvanceLoan, Administrative Agent shall deliver to each Lender a copy of Borrower's request for Loan AdvanceLoan. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower to Administrative Agent in support of the requested Loan AdvanceLoan.

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan AdvanceRevolving Loan, or conversion Conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate AdvanceRevolving Loan, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. 1:00 p.m. (Eastern Boston time) (i) three (3) Business Days prior to any Effective LIBO the making of a Revolving Loan which is a Libor Rate Advance Loan or conversion to an Effective LIBO of a Base Rate AdvanceLoan into a Libor Rate Loan, or (ii) one (1) Business Day prior to any Variable the making of a Revolving Loan which is a Base Rate AdvanceLoan or conversion of a Libor Rate Loan into a Base Rate Loan. Each such notice shall be accompanied by a written summary of the request for a Revolving Loan Advance and shall specify (a) the date of the requested Loan AdvanceRevolving Loan, (b) the aggregate amount of the requested Loan AdvanceRevolving Loan, (c) each Lender's pro rata share of the requested Loan AdvanceRevolving Loan, and (d) the applicable interest rate selected by Borrower Borrowers with respect to such Loan AdvanceRevolving Loan, or any portion thereof, together with the applicable Interest Period, if -95- any, selected, or deemed selected, by Borrowersuch Borrowers. Each Lender shall, before 11:00 a.m. (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceRevolving Loan, make available to the Administrative Agent, at an account to be designated by the Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan AdvanceRevolving Loan. After the Administrative Agent's receipt of such funds (or, if the Administrative Agent so elects at its discretion, as otherwise provided in Section 14.2(f) below) and upon the Administrative Agent's determination that the applicable conditions to making the requested Revolving Loan Advance have been fulfilled, the Administrative Agent shall make such funds available to Borrower the Borrowers as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceRevolving Loan, but in no event later than ten (10) Business Days following such Loan AdvanceRevolving Loan, the Administrative Agent shall deliver to each Lender a copy of Borrower's the Borrowers' request for Loan Advancesuch Revolving Loan. Promptly after receipt by the Administrative Agent of written request from any Lender, the Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower Borrowers to the Administrative Agent in support of the requested Loan AdvanceRevolving Loan. The procedures for Swingloans and Bid Rate Loans are set forth in Sections 4.2 and 4.2A, respectively.

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request from Borrower for a Loan Advance, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern Boston time) (i) three (3) Business Days prior to any Effective LIBO Rate Advance or conversion to an Effective LIBO Rate Advance, or (ii) one (1) Business Day prior to any Variable Rate AdvanceLoan. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's ’s pro rata share of the requested Loan AdvanceLoan, and (d) the applicable interest rate selected by Borrower with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrower. Each Lender shall, before 11:00 a.m. (Eastern Boston time) on the date set forth in any such request for a Loan Advance, upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan AdvanceLoan, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet KeyBank National Bank in Boston, Massachusetts, Association in same day funds, each Lender's ’s ratable portion of the requested Loan AdvanceLoan. After Administrative Agent's ’s receipt of such funds and upon Administrative Agent's ’s determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan AdvanceLoan, Administrative Agent shall deliver to each Lender a copy of Borrower's ’s request for Loan Advancesuch Loan. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower to Administrative Agent in support of the requested Loan AdvanceLoan.

Procedures for Loans. Administrative Agent shall give written notice to each Lender of each request for a Loan an Advance, or conversion of an existing Loan Advance from a Variable Rate Advance to an Effective LIBO Rate a LIBOR Advance, by facsimile transmission, hand delivery or overnight courier, not later than 11:00 a.m. (Eastern timeTime) (i) three two (32) Business Days prior to any Effective LIBO Rate LIBOR Advance or conversion to an Effective LIBO Rate a LIBOR Advance, or (ii) one (1) Business Day prior to any Variable Rate Advance. Each such notice shall be accompanied by a written summary of the request for a Loan Advance and shall specify (a) the date of the requested Loan AdvanceLoan, (b) the aggregate amount of the requested Loan AdvanceLoan, (c) each Lender's ’s pro rata share of the requested Loan AdvanceLoan, and (d) the applicable interest rate selected by Borrower with respect to such Loan AdvanceLoan, or any portion thereof, together with the applicable Interest Period, if any, selected, or deemed selected, by Borrower. Each Lender shall, before 11:00 a.m. (Eastern timeTime) on the date set forth in any such request for a Loan AdvanceLoan, make available to Agent, at an account to be designated by Agent at Santander Bank in New York, New York, in same day funds, each Lender’s ratable portion of the requested Loan. After Agent’s receipt of such funds and upon Administrative Agent's ’s determination that the applicable conditions to making the requested Loan Advance have been fulfilled or will be fulfilled prior to the said Loan Advance, make available to Administrative Agent, at an account to be designated by Administrative Agent at Fleet National Bank in Boston, Massachusetts, in same day funds, each Lender's ratable portion of the requested Loan Advance. After Administrative Agent's receipt of such funds and upon Administrative Agent's determination that the applicable conditions to making the requested Loan Advance have been fulfilled, Administrative Agent shall make such funds available to Borrower as provided for in this Loan Agreement. Within a reasonable period of time following the making of each Loan AdvanceLoan, but in no event later than ten (10) Business Days following such Loan AdvanceLoan, Administrative Agent shall deliver to each Lender a copy of Borrower's ’s request for Loan AdvanceLoan. Promptly after receipt by Administrative Agent of written request from any Lender, Administrative Agent shall deliver to the requesting Lender the accompanying certifications and such other instruments, documents, certifications and approvals delivered by or on behalf of Borrower to Administrative Agent in support of the requested Loan AdvanceLoan.