Procedures for Requesting Advances. The Borrower shall comply with the following procedures in requesting Revolving Advances:
Procedures for Requesting Advances. The Borrower shall comply with the following procedures in requesting Advances:
Procedures for Requesting Advances. Section 2.2 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
Procedures for Requesting Advances. (a) From time to time, but no more frequently than twice per calendar month (except as required for the payment of interest or Commitment Fees during the Term Loan Availability Period, and for any draw of remaining Term Loan Facility Debt Commitments on the last day of the Term Loan Availability Period), subject to the limitations set forth in Sections 2.01 (Term Loans) and 2.02 (Availability) above and Sections 2.2 (Sequence of Advances of Senior Debt) and 2.4 (Pro Rata Advances) of the Common Terms Agreement, the Borrower may request a Term Loan Borrowing by delivering to the Term Loan Facility Agent a properly completed Disbursement Request in accordance with Section 2.3 (Disbursement Procedures) of the Common Terms Agreement and the requirements of this Section 2.03 (Procedures for Requesting Advances), substantially in the form set forth in Exhibit E.
Procedures for Requesting Advances. The Borrower shall request each Advance (other than the Advance on the date hereof to pay the fee required by Section 2.4) at least 18 days prior to the day on which the Advance is to be made. Each request that conforms to the terms of this Agreement shall be effective upon receipt by the Lender. Such request shall specify the principal amount of the requested Advance, shall be in writing or by telephone or telecopy transmission, and shall be confirmed in writing by the Borrower by (i) an Officer of the Borrower; or (ii) a Person designated as the Borrower’s agent by an Officer of the Borrower in a writing delivered to the Lender; or (iii) a Person whom the Lender reasonably believes to be an Officer of the Borrower or such a designated agent. Any request for an Advance, whether written or telephonic, shall be deemed to be a representation by the Borrower that the conditions set forth in Section 3.2 have been satisfied as of the time of the request. Upon fulfillment of the applicable conditions set forth in Article III, the Lender shall disburse the proceeds of the requested Advance by crediting the same to the Borrower’s demand deposit account specified in writing by Borrower from time to time unless the Lender and the Borrower shall agree in writing to another manner of disbursement.
Procedures for Requesting Advances. (a) From time to time, but no more frequently than twice per calendar month (except as required for the payment of interest or Commitment Fees during the Term Loan Availability Period, and for any draw of remaining Term Loan Facility Debt Commitments on the last day of the Term Loan Availability Period), subject to the limitations set forth in Sections 2.01 (Term Loans) and 2.02 (Availability) above and Sections 2.2 (Sequence of Advances of Initial Senior Debt) and 2.4 (Pro Rata Advances) of the Common Terms Agreement, the Borrower may request a Term Loan Borrowing by delivering to the Term Loan Facility Agent a properly completed Disbursement Request in accordance with Section 2.3 (Disbursement Procedures) of the Common Terms Agreement.
Procedures for Requesting Advances. Provided that all Conditions Precedent have been satisfied, Borrower may from time to time request Advances by a telephone call from such person as Borrower may hereafter designate in writing, each of which request must be for an amount in excess of $100,000.00. Any request for an Advance made prior to 12:00 noon on a Business Day shall result in the Advance being made on such Business Day as to Base Rate Advances and on the second (2nd) London Business Day following such request as to LIBOR Advances. Any request made after 12:00 noon shall result in such Advance being made on the next Business Day as to Base Rate Advances and on the third (3rd) London Business Day following such request as to LIBOR Advances. Any and all Advances to be made by Lender under this Agreement shall be deposited in Account #81600000 xxxntained by Borrower with Lender. Borrower specifically agrees that Lender shall not be required to but shall be entitled to rely on such telephone instructions and that Borrower shall be bound thereby. Borrower shall provide to Lender such documentation respecting each request for Advance, including, without limitation, the form of Request for Advance attached hereto as Exhibit C, as Lender shall require.
Procedures for Requesting Advances. 3 4.2 Payments........................................................................................3 4.3
Procedures for Requesting Advances. THE BANK MUST RECEIVE NOTICE OF THE BORROWERS' REQUEST FOR EACH ADVANCE NOT LATER THAN 12:00 NOON (MINNEAPOLIS TIME) ON THE BUSINESS DAY OF A PROPOSED REVOLVING ADVANCE AND ON THE BUSINESS DAY OF A PROPOSED TERM LOAN B ADVANCE. EACH SUCH REQUEST FOR AN ADVANCE MAY BE MADE IN WRITING OR BY TELEPHONE, SHALL BE EFFECTIVE UPON RECEIPT BY THE BANK AND SHALL SPECIFY THE PROPOSED DATE FOR THE REQUESTED ADVANCE (WHICH SHALL BE A BUSINESS DAY), THE AMOUNT OF THE REQUESTED ADVANCE AND WHETHER THE BORROWERS DESIRE A REVOLVING ADVANCE OR TERM LOAN B ADVANCE. UNLESS THE BANK DETERMINES THAT ANY CONDITION SET FORTH IN ARTICLE III, IV, OR V HAS NOT BEEN SATISFIED, THE BANK WILL MAKE THE PROCEEDS OF THE ADVANCE AVAILABLE TO THE BORROWERS ON THE APPROPRIATE DATE AS IDENTIFIED ABOVE BY DEPOSITING THE SAME TO EITHER OF THE BORROWERS' DEMAND DEPOSIT ACCOUNTS MAINTAINED WITH THE BANK OR IN SUCH OTHER MANNER AS THE BANK AND THE BORROWERS MAY FROM TIME TO TIME AGREE. THE BORROWERS SHALL BE OBLIGATED TO REPAY ALL ADVANCES NOTWITHSTANDING THE FACT THAT THE PERSON REQUESTING SAME WAS NOT IN FACT AUTHORIZED SO TO DO. ANY REQUEST FOR AN ADVANCE, WHETHER WRITTEN OR TELEPHONIC, SHALL BE DEEMED TO BE A REPRESENTATION THAT THE STATEMENTS SET FORTH IN SECTION 5.2 ARE CORRECT.
Procedures for Requesting Advances. Provided that all Conditions Precedent have been satisfied, Borrower may from time to time request Advances by a telephone call from such person as Borrower may hereafter designate in writing to Agent, each of which request must be for an amount not less than $100,000.00. Any request for an Advance made prior to 12:00 noon on a Business Day shall result in the Advance being made on such Business Day as to Prime Rate Advances and on the second (2nd) London Business Day following such request as to LIBOR Advances. Any request made after 12:00 noon shall result in such Advance being made on the next Business Day as to Prime Rate Advances and on the third (3rd) London Business Day following such request as to LIBOR Advances. Any and all Advances to be made to Borrower by Xxxxxxx under this Agreement shall be deposited in Account #DDA 0000000 maintained by Borrower with Xxxxxxx and any and all Advances to be made to Borrower by Fleet under this Agreement shall be wired in accordance with the instructions set forth on SCHEDULE 1c attached hereto for further credit to Borrower's account 0000000 at Xxxxxxx. Borrower specifically agrees that Agent shall not be required to but shall be entitled to rely on such telephone instructions and that Borrower shall be bound thereby. Borrower shall provide to Agent such documentation respecting each request for Advance, including, without limitation, the form of Request for Advance attached hereto as SCHEDULE H , as Lenders shall require.
