Common use of Request for Borrowing Clause in Contracts

Request for Borrowing. To request the Borrowing of the Initial Loans, Borrower shall notify the Administrative Agent of such request in writing by a Borrowing Request signed by Borrower not later than 12:00 noon, New York time, one (1) Business Day before the date of the proposed Borrowing. Such Borrowing Request shall be irrevocable. Each such Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following information: (a) the aggregate amount of the requested Borrowing; (b) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (d) the location and number of Borrower’s account to which funds are to be disbursed. Promptly following receipt of the Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 2 contracts

Samples: Bridge Loan Agreement (Lyondell Chemical Co), Bridge Loan Agreement (Lyondell Chemical Co)

AutoNDA by SimpleDocs

Request for Borrowing. (a) To request the a Borrowing of Loans on the Initial LoansClosing Date, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 noonp.m., New York timeLocal Time, one two (12) Business Day Days before the date of the proposed BorrowingClosing Date. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following informationinformation in compliance with Section 2.02: (ai) the aggregate amount of the requested Borrowing; (bii) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (diii) the location and number of the Borrower’s account to which funds are to be disbursed. Promptly following receipt of the a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)

Request for Borrowing. (a) To request the a Borrowing of Loans on the Initial LoansClosing Date, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 noonp.m., New York timeLocal Time, one two (12) Business Day Days before the date of the proposed BorrowingClosing Date. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following informationinformation in compliance with Section 2.02: (ai) the aggregate amount of the requested Borrowing; (bii) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (diii) the location and number of the Borrower’s account to which funds are to be disbursed. Promptly following receipt of the a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such LenderLxxxxx’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Tuesday Morning Corp/De)

AutoNDA by SimpleDocs

Request for Borrowing. To request the Borrowing of the Initial Loans, Borrower shall notify the Administrative Agent of such request in writing by a Borrowing Request signed by Borrower not later than 12:00 noon, New York time, one (1) Business Day before the date of the proposed Borrowing. Such Borrowing Request shall be irrevocable. Each such Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following information: (a) the aggregate amount of the requested Borrowing; (b) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term Interest Period; and (d) the location and number of Borrower’s Borrowers account to which funds are to be disbursed. Promptly following receipt of the Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Lenders Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: Bridge Loan Agreement (Lyondell Chemical Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!