Common use of Requesting Revolving Loans Clause in Contracts

Requesting Revolving Loans. The Borrower shall give the Administrative Agent notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Administrative Agent before 11:00 a.m. (i) in the case of LIBOR Loans, on the date three Business Days prior to the proposed date of such borrowing and (ii) in the case of Base Rate Loans, on the date one Business Day prior to the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Borrowing sent to the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. The Administrative Agent will transmit by telecopy the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the Borrower. Notwithstanding the foregoing, on the Effective Date, the Revolving Loans outstanding under the Existing Credit Agreement will be deemed to be outstanding as Revolving Loans hereunder and the existing LIBOR rates and Interest Periods applicable thereto will remain for purposes of determining LIBOR with respect to the interest rate thereon until the end of the applicable interest period (unless earlier terminated in accordance with the terms hereof).

Requesting Revolving Loans. The Borrower Borrowers shall give the Administrative Agent notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Administrative Agent (i) before 11:00 a.m. (i) in the case of LIBOR Loans, on the date three (3) Business Days prior to the proposed date of such borrowing and (ii) before 10:00 a.m. in the case of Base Rate Loans, on the date one Business Day prior to day of the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower Borrowers pursuant to a Notice of Borrowing sent to the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. The Administrative Agent will transmit by telecopy the Notice of Borrowing (or the information contained in such Notice of Borrowing) or the information contained in a telephonic notice of borrowing (if such telephonic notice is received prior to a Notice of Borrowing) to each Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the BorrowerBorrowers. Notwithstanding the foregoing, (c) Disbursements of Revolving Loan Proceeds. No later than 1:00 p.m. on the Effective Datedate specified in the Notice of Borrowing, each Lender will make available for the account of its applicable Lending Office to the Agent at the Principal Office, in immediately available funds, the proceeds of the Revolving Loans outstanding under the Existing Credit Agreement will be deemed Loan to be outstanding as Revolving Loans hereunder and the existing LIBOR rates and Interest Periods applicable thereto will remain for purposes of determining LIBOR with respect made by such Lender. Subject to the interest rate thereon until the end satisfaction of the applicable interest period (unless earlier terminated conditions set forth in accordance with Article V for such borrowing, the terms hereof).Agent will make the proceeds of such borrowing available to the Borrowers in Dollars, in immediately available funds, no later than 2:00 p.m. on the date and at the account specified by the Borrowers in such Notice of Borrowing. Section 2.2

Requesting Revolving Loans. The Borrower shall give the Administrative Agent notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Administrative Agent before 11:00 a.m. (i) in the case of LIBOR Term SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing borrowing, (ii) in the case of Daily Simple SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing, and (iiiii) in the case of Base Rate Loans, on the date one Business Day prior to the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Borrowing sent to the Administrative Agent by telecopy electronic transmission (including .pdf) on the same day of the giving of such telephonic notice. The Administrative Agent will transmit by telecopy electronic transmission (including .pdf) the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the Borrower. Notwithstanding the foregoing, on the Effective Date, the Revolving Loans outstanding under (and as defined in) the Existing Credit Agreement will be deemed to be outstanding as Revolving Loans hereunder and any such LIBOR Loan (as defined in the Existing Credit Agreement) shall convert to Daily Simple SOFR or Term SOFR (as elected by the Borrower prior to the Effective Date by written notice to the Administrative Agent at least three Business Days prior to the Effective Date) on the Effective Date (it being agreed that no amounts described in Section 4.4(a) of the Existing Credit Agreement shall be due in connection with the conversion to Daily Simple SOFR of such existing LIBOR rates and revolving loans). If no election is specified as to whether a SOFR Loan is to be a Term SOFR Loan or Daily Simple SOFR Loan, then the requested Loan shall be a Daily Simple SOFR Loan. If no Interest Periods applicable thereto will remain for purposes of determining LIBOR Period is specified with respect to any requested Term SOFR Loan, then the interest rate thereon until the end Borrower shall be deemed to have selected an Interest Period of the applicable interest period (unless earlier terminated in accordance with the terms hereof)one month’s duration.

Requesting Revolving Loans. The Borrower shall give the Administrative Agent notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Administrative Agent before 11:00 a.m. (i) in the case of LIBOR LIBORTerm SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing and (ii) in the case of Daily Simple SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing, and (iii) in the case of Base Rate Loans, on the date one Business Day prior to the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Borrowing sent to the Administrative Agent by telecopy facsimile or electronic mail on the same day of the giving of such telephonic notice. The Administrative Agent will transmit by telecopy posting to an electronic platform or otherwise by facsimile or other electronic transmission the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the Borrower. Notwithstanding If no election is specified as to whether a SOFR Loan is to be a Term SOFR Loan or Daily Simple SOFR Loan, then the foregoingrequested Loan shall be a Daily Simple SOFR Loan. If no Interest Period is specified with respect to any requested Term SOFR Loan, on then the Effective Date, the Revolving Loans outstanding under the Existing Credit Agreement will applicable Borrower shall be deemed to be outstanding as Revolving Loans hereunder and the existing LIBOR rates and have selected an Interest Periods applicable thereto will remain for purposes Period of determining LIBOR with respect to the interest rate thereon until the end one month’s duration. Promptly following receipt of the applicable interest period (unless earlier terminated a Notice of Borrowing in accordance with this Section, the terms hereof)Administrative Agent shall advise each Lender of the details thereof and of the amount of such Xxxxxx’s Loan to be made as part of the requested borrowing.

Requesting Revolving Loans. The Borrower shall give the Administrative Agent notice pursuant to a Notice of Revolving Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Revolving Borrowing shall be delivered to the Administrative Agent before 11:00 a.m. (i) in the case of LIBOR Term SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing borrowing, (ii) in the case of Daily Simple SOFR Loans, on the date three Business Days prior to the proposed date of such borrowing, and (iiiii) in the case of Base Rate Loans, on the date one Business Day prior to the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Revolving Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Revolving Borrowing sent to the Administrative Agent by telecopy electronic transmission (including .pdf) on the same day of the giving of such telephonic notice. The Administrative 4889-7534-3155, v. 14 Agent will transmit by telecopy the Notice of Borrowing electronic transmission (or including .pdf) the information contained in such Notice of Borrowing) Revolving Borrowing to each Revolving Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Revolving Borrowing or telephonic notice of each borrowing shall be irrevocable once given and binding on the Borrower. Notwithstanding If no election is specified as to whether a SOFR Loan is to be a Term SOFR Loan or Daily Simple SOFR Loan, then the foregoingrequested Loan shall be a Daily Simple SOFR Loan. If no Interest Period is specified with respect to any requested Term SOFR Loan, on then the Effective Date, the Revolving Loans outstanding under the Existing Credit Agreement will Borrower shall be deemed to be outstanding as Revolving Loans hereunder and the existing LIBOR rates and have selected an Interest Periods applicable thereto will remain for purposes Period of determining LIBOR with respect to the interest rate thereon until the end of the applicable interest period (unless earlier terminated in accordance with the terms hereof)one month’s duration.

Requesting Revolving Loans. The Borrower shall give the Administrative Agent notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Administrative Agent before 11:00 9:00 a.m. (i) in the case of LIBOR Loans, on the date three (3) Business Days prior to the proposed date of such borrowing and (ii) in the case of Base Rate Loans, on the date one (1) Business Day prior to the proposed date of such borrowing. Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Borrowing sent to the Administrative Agent by telecopy on the same day of the giving of such telephonic notice. The Administrative Agent will shall transmit by telecopy the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Administrative Agent (but in any event no later than 2:00 p.m. on the date of receipt by the Administrative Agent). Each Notice of Borrowing or telephonic notice of each borrowing shall be irrevocable once given received by Administrative Agent and binding on the Borrower. Notwithstanding Disbursements of Revolving Loan Proceeds. No later than 9:00 a.m. on the foregoingdate specified in the Notice of Borrowing, on each Lender shall make available for the account of its applicable Lending Office to the Administrative Agent, in immediately available funds, the proceeds of the Revolving Loan to be made by such Lender. With respect to Revolving Loans to be made after the Effective Date, unless the Administrative Agent shall have been notified by any Lender prior to the specified date of borrowing that such Lender does not intend to make available to the Administrative Agent the Revolving Loans outstanding under the Existing Credit Agreement will be deemed Loan to be outstanding made by such Lender on such date, the Administrative Agent may assume that such Lender will make the proceeds of such Revolving Loan available to the Administrative Agent on the date of the requested borrowing as Revolving Loans hereunder set forth in the Notice of Borrowing and the existing LIBOR rates and Interest Periods applicable thereto will remain for purposes of determining LIBOR with respect Administrative Agent may (but shall not be obligated to), in reliance upon such assumption, make available to the interest rate thereon until Borrower the end amount of such Revolving Loan to be provided by such Lender. Subject to satisfaction of the applicable interest period (unless earlier terminated conditions set forth in accordance with Article VI for such borrowing, the terms hereof)Administrative Agent shall make the proceeds of such borrowing available to the Borrower no later than 11:00 a.m. on the date and at the account specified by the Borrower in such Notice of Borrowing.