Requests for Borrowing. Longhorn, on behalf of the Borrowers, shall give the Agent irrevocable prior written notice (or telephonic notice, confirmed in writing), such written notice or written confirmation to be in the form attached hereto as Exhibit B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) one Business Day before each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, (C) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Agent shall promptly notify the Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)
Requests for Borrowing. LonghornIn order to obtain a Revolving Loan, on behalf of the Borrowers, Borrower shall give the Agent irrevocable prior written M#368727 14 notice (or telephonic notice, confirmed in writing), such written notice or written confirmation to be in the form attached hereto as Exhibit B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) one on the same Business Day before as each Base Rate Loan Loan, and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (xi) with respect to Base Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 250,000 in excess thereof, and (ii) with respect to LIBOR Rate Loans in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof, (C) whether the Revolving Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Agent shall promptly notify the Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (WLR Foods Inc)
Requests for Borrowing. Longhorn, on behalf of the Borrowers, The Borrower shall give the Administrative Agent irrevocable prior written notice (or telephonic notice, confirmed in writing), such written notice or written confirmation to be in the form attached hereto as Exhibit B (a "Notice of Borrowing") not later than 11:00 a.m. 12:00 p.m. (Charlotte time) (i) one on the same Business Day before as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 250,000 in excess thereof and thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 5,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principle amount of $100,000 or a whole multiple of $100,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan, (D) in the case of a Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (DE) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m. 12:00 p.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (Rare Hospitality International Inc)
Requests for Borrowing. Longhorn, on behalf of the Borrowers, The Borrowers shall give the Administrative ---------------------- Agent irrevocable prior written notice (or telephonic notice, confirmed in writing), such written notice or written confirmation to be in the form attached hereto as Exhibit B (of a "Notice of Borrowing") Borrowing not later than 11:00 a.m. (Charlotte time) (i) one on the same Business Day before as each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be in an amount equal to the maximum amount of the Term Loan Commitment then available to the Borrowers, or if less, (x) with respect to Base Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 250,000 in excess thereof and thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 2,000,000 or a whole multiple of $500,000 in excess thereof, thereof and (C) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (DE) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each such Notice of Borrowing.
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