Request by Borrowers. Any request by the Borrowers for a Loan or Letter of Credit shall be in writing, or by telephone promptly confirmed in writing or by e-mail, and must be given so as to be received by the Agent not later than: (i) 2:00 p.m., Minneapolis time, on the date of any requested Swing Line Loan; (ii) 11:00 a.m., Minneapolis time, on the date of any Revolving Loan requested as a Base Rate Advance; (iii) 11:00 a.m., Minneapolis time, three Business Days prior to the date of any Revolving Loan requested as a Fixed LIBOR Advance in Dollars; or (iv) 11:00 a.m., Minneapolis time, four Business Days prior to the date of any requested Revolving Loan in Alternative Currencies or any Letter of Credit. Each request for a Loan shall specify (1) the borrowing date (which shall be a Business Day), (2) the amount of such Loan and the type or types of Advances comprising such Loan, and (3) the initial Interest Periods for such Advances if applicable, and (4) the Alternative Currency, if applicable. Each request for a Letter of Credit shall be accompanied by the form of the Letter of Credit, the name of the beneficiary, and other information requested by the Agent.
Appears in 4 contracts
Samples: Credit Agreement (Graco Inc), Credit Agreement (Graco Inc), Omnibus Amendment (Graco Inc)
Request by Borrowers. Any request by the Borrowers for a Loan or Letter of Credit shall be in writing, or by telephone promptly confirmed in writing or by e-mail, and must be given so as to be received by the Agent not later than:
(i) 2:00 p.m., Minneapolis time, on the date of any requested Swing Line Loan;
(ii) 11:00 a.m., Minneapolis time, on the date of any Revolving Loan requested as a Base Rate Advance;
(iii) 11:00 a.m., Minneapolis time, three Business Days days prior to the date of any Revolving Loan requested as a Fixed LIBOR Advance in Dollars; or
(iv) 11:00 a.m., Minneapolis time, four Business Days days prior to the date of any requested Revolving Loan in Alternative Currencies or any Letter of Credit. Each request for a Loan shall specify (1) the borrowing date (which shall be a Business Day), (2) the amount of such Loan and the type or types of Advances comprising such Loan, and (3) the initial Interest Periods for such Advances if applicable, and (4) the Alternative Currency, if applicable. Each request for a Letter of Credit shall be accompanied by the form of the Letter of Credit, the name of the beneficiary, and other information requested by the Agent.
Appears in 1 contract
Samples: Credit Agreement (Graco Inc)