Common use of Proposed Borrowing Clause in Contracts

Proposed Borrowing. In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series B Tranche B Term Loans, requesting a proposed borrowing in the principal amount of $100,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series B Tranche B Term Loan Funding Date”). Each New Term Loan Lender shall make its Series B Tranche B Term Loan available to Administrative Agent not later than 11:00 a.m. (New York City time) on the date hereof, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent. Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.

Appears in 1 contract

Samples: Joinder Agreement (Valeant Pharmaceuticals International, Inc.)

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Proposed Borrowing. In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series B A-2 Tranche B A Term Loans, requesting a proposed borrowing in the principal amount of $100,000,000 850,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series B A-2 Tranche B A Term Loan Funding Date”). Each New Term Loan Lender shall make its Series B A-2 Tranche B A Term Loan available to Administrative Agent not later than 11:00 a.m. (New York City time) on the date hereof, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent. Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B A-2 Tranche B A Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.

Appears in 1 contract

Samples: Joinder Agreement (Valeant Pharmaceuticals International, Inc.)

Proposed Borrowing. In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series B E Tranche B Term Loans, requesting a proposed borrowing in the principal amount of $100,000,000 3,200,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series B E Tranche B Term Loan Funding Date”). Each New Term Loan Lender shall make its Series B E Tranche B Term Loan available to Administrative Agent not later than 11:00 a.m. (New York City time) on the date hereof, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent. Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B E Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.

Appears in 1 contract

Samples: Joinder Agreement (Valeant Pharmaceuticals International, Inc.)

Proposed Borrowing. In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series B A Tranche B Term Loans, requesting a proposed borrowing in the principal amount of $100,000,000 600,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series B A Tranche B Term Loan Funding Date”). Each New Term Loan Lender shall make its Series B A Tranche B Term Loan available to Administrative Agent not later than 11:00 a.m. (New York City time) on the date hereof, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent. Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B A Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.

Appears in 1 contract

Samples: Joinder Agreement (Valeant Pharmaceuticals International, Inc.)

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Proposed Borrowing. In accordance with Section 2.25 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Funding Notice for Series B C Tranche B Term Loans, requesting a proposed borrowing in the principal amount of $100,000,000 1,000,000,000 (the “Proposed Borrowing”) on the date hereof (the “Series B C Tranche B Term Loan Funding Date”). Each New Term Loan Lender shall make its Series B C Tranche B Term Loan available to Administrative Agent not later than 11:00 a.m. (New York City time) on the date hereof, by wire transfer of same day funds in Dollars at the Principal Office designated by Administrative Agent. Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B C Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by Administrative Agent from New Term Loan Lenders to be credited to the account of Borrower, at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by Borrower.

Appears in 1 contract

Samples: Joinder Agreement (Valeant Pharmaceuticals International, Inc.)

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