Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Borrowers shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) on the same Business Day as each Base Rate Loan or LIBO Market Index Rate Loan, (ii) at least three (3) Business Days before each LIBOR Rate Loan, and (iii) at least three (3) London Business Days before each Alternate Currency Loan, of its intention to borrow, specifying: (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); (B) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment then available to the Borrowers, or, if less, (w) with respect to Base Rate Loans, in an aggregate principal amount of $250,000 and increments of $250,000 in excess thereof, (x) with respect to LIBO Market Index Rate Loans, in an aggregate principal amount of $500,000 and increments of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (D) in the case of a LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia 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 2 contracts

Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

AutoNDA by SimpleDocs

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit B A-5 (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each Base Rate Loan or LIBO Market Index Rate ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each LIBOR Rate Loan, Eurodollar Loan and (iiiiv) subject to Section 1.05, 12:00 p.m. at least three four (34) London Business Days before each Alternate Currency Eurocurrency Loan, of its intention is to borrowbe made, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowersBorrower, or, or if less, (w1) with respect to Base Rate ABR Loans and Swingline Loans, in an aggregate principal amount of $250,000 and increments 100,000 or a whole multiple of $250,000 100,000 in excess thereof, and (x2) with respect to LIBO Market Index Rate Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $500,000 and increments 3,000,000 or a whole multiple of $250,000 1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (CE) whether such Loans are Loan is to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans a Revolving Loan or Eurocurrency Loans, if a combination thereof, the amount allocated to each; Swingline Loan and (DF) in the case of a LIBOR Rate Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m.(Philadelphia time) 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as Exhibit B A-5 (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) 12:00 p.m. (i) on the same Business Day as each Base Rate ABR Loan or LIBO Market Index Rate and each Swingline Loan, (ii) at least three (3) Business Days before each LIBOR Rate Loan, Eurodollar Loan and (iii) ), subject to Section 1.05, at least three four (34) London Business Days before each Alternate Currency Eurocurrency Loan, of its intention to borrow, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowersBorrower, or, or if less, (w1) with respect to Base Rate ABR Loans and Swingline Loans, in an aggregate principal amount of $250,000 and increments 100,000 or a whole multiple of $250,000 100,000 in excess thereof, and (x2) with respect to LIBO Market Index Rate Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $500,000 and increments 3,000,000 or a whole multiple of $250,000 1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (CE) whether such Loans are Loan is to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans a Revolving Loan or Eurocurrency Loans, if a combination thereof, the amount allocated to each; Swingline Loan and (DF) in the case of a LIBOR Rate Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m.(Philadelphia time) 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Choice Hotels International Inc /De), Revolving Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit B A-1 (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each Base Rate Loan or LIBO Market Index Rate ABR Loan, (ii) 1:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each LIBOR Rate Loan, Eurodollar Loan and (iiiiv) subject to Section 1.05, 12:00 p.m. at least three four (34) London Business Days before each Alternate Currency Eurocurrency Loan, of its intention is to borrowbe made, specifying: specifying (A) the date of such borrowing, which shall be a Business Day Day, (and a London Business Day B) with respect to any Loan other than any Swingline Loan, whether the Loan shall be denominated in dollars or an Alternate Currency Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Floating Rate Loan or an ABR Loan); , (BD) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowersBorrower, or, or if less, (w1) with respect to Base Rate ABR Loans and Swingline Loans, in an aggregate principal amount of $250,000 and increments 100,000 or a whole multiple of $250,000 100,000 in excess thereof, and (x2) with respect to LIBO Market Index Rate Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $500,000 and increments 3,000,000 or a whole multiple of $250,000 1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (CE) whether such Loans are Loan is to be Base Rate Loansa Revolving Loan or a Swingline Loan, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (DF) in the case of a LIBOR Rate Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto, and (G) with respect to any Loan other than any Swingline Loan, whether the proceeds of such Loan are to be disbursed to the Borrower’s Account or the account of the Swingline Lender in connection with the repayment of a Swingline Loan. Notices A Notice of Borrowing received after 11:00 a.m.(Philadelphia time) the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing and shall provide any Notice of Borrowing with respect to a Swingline Loan to the Swingline Lender by 2:00 p.m. on the same Business Day as receipt of such Notice of Borrowing, which notice may be provided via email.

Appears in 1 contract

Samples: Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit B A-1 (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each Base Rate Loan or LIBO Market Index Rate ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each LIBOR Rate Loan, Eurodollar Loan and (iiiiv) subject to Section 1.05, 12:00 p.m. at least three four (34) London Business Days before each Alternate Currency Eurocurrency Loan, of its intention is to borrowbe made, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowersBorrower, or, or if less, (w1) with respect to Base Rate ABR Loans and Swingline Loans, in an aggregate principal amount of $250,000 and increments 100,000 or a whole multiple of $250,000 100,000 in excess thereof, and (x2) with respect to LIBO Market Index Rate Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $500,000 and increments 3,000,000 or a whole multiple of $250,000 1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (CE) whether such Loans are Loan is to be Base Rate Loansa Revolving Loan, LIBO Market Index Rate Loans, LIBOR Rate Loans a Term Loan or Eurocurrency Loans, if a combination thereof, the amount allocated to each; Swingline Loan and (DF) in the case of a LIBOR Rate Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m.(Philadelphia time) the applicable deadline set forth above 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

Samples: Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a "Notice of Borrowing") not later than 11:00 a.m.(Philadelphia a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan or LIBO Market Index Rate Loan, (ii) at least three (3) Business Days before each LIBOR Rate Loan, Loan denominated in Dollars and (iii) at least three four (34) London Business Days before each Alternate Currency LoanLIBOR Rate Loan denominated in an Alternative Currency, of its intention to borrow, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, (C) whether the Loan shall be denominated in Dollars or an Alternative Currency; provided that, all Loans denominated in an Alternative Currency shall be LIBOR Rate Loans, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment or Alternative Currency Commitment, if applicable, then available to the BorrowersBorrower, or, or if less, (w) with respect to Base Rate Loans, in an aggregate principal amount of $250,000 and increments of $250,000 in excess thereof, (x) with respect to LIBO Market Index Base Rate Loans, Loans in an aggregate minimum principal amount of $500,000 and increments or a whole multiple of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans denominated in Dollars, in an aggregate minimum principal amount of $1,000,000 and increments 3,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof thereof, and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans denominated in an Alternative Currency, in an aggregate minimum principal amount of $3,000,000 or Eurocurrency Loans, if a combination thereof, the amount allocated to each; whole multiple of $1,000,000 in excess thereof and (DE) in the case of a LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia a.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

Samples: Credit Agreement (Gt Interactive Software Corp)

Requests for Borrowing. The Borrowers Company, on behalf of the Borrowers, shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B C-1 (a "Notice of Revolving Credit/Swingline Borrowing") not later than 11:00 a.m.(Philadelphia a.m. (Charlotte time) (i) on the same Business Day as each Swingline Loan or Base Rate Loan or LIBO Market Index Rate Loan, and (ii) at least three (3) Business Days before each LIBOR Rate Loan, and (iii) at least three (3) London Business Days before each Alternate Currency Loan, of its intention to borrow, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment then available to the Borrowers, or, or if less, (wx) with respect to Base Rate Loans, Loans in an aggregate principal amount of $250,000 and increments of $250,000 in excess thereof, (x) with respect to LIBO Market Index Rate Loans, in an aggregate principal amount 1,000,000 or a whole multiple of $500,000 and increments of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments 3,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent Swingline Loans in an aggregate principal amount of $100,000 and increments of $100,000 50,000 or a whole multiple thereof in excess thereof; , (C) whether such Loans are Loan is to be Base Rate Loansa Revolving Credit Loan or Swingline Loan, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (D) in the case of a Revolving Credit Loan whether the Loans are to be LIBOR Rate Loan Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.11:00

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

AutoNDA by SimpleDocs

Requests for Borrowing. The applicable Borrower or Borrowers shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit EXHIBIT B (a "Notice of Borrowing") not later than 11:00 a.m.(Philadelphia a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan or LIBO Market Index Rate Loan, and (ii) at least three (3) Business Days before each LIBOR Rate Loan, and (iii) at least three (3) London Business Days before each Alternate Currency Loan, of its intention to borrow, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) whether such Loan shall be denominated in Dollars or in Sterling, (C) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment then available to the Borrowers, or, if less, (w) with respect to Base LIBOR Rate Loans, Loans denominated in Dollars in an aggregate principal amount of $250,000 and increments 2,500,000 or a whole multiple of $250,000 1,000,000 in excess thereof, thereof (x) and with respect to LIBO Market Index Rate LoansLoans denominated in Sterling, the Dollar Amount in an aggregate principal amount of $500,000 each case thereof), and increments of $250,000 in excess thereof, (y) with respect to LIBOR Base Rate Loans in an aggregate principal amount of $1,000,000 and increments or a whole multiple of $500,000 in excess thereof and thereof, (zD) with respect to Eurocurrency Loansif denominated in Dollars, whether the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; Base Rate Loans and (DE) in the case of a LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia a.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

Samples: Credit Agreement (Acc Corp)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice (which notice shall be irrevocable unless the Borrower specifies in the Notice of Borrowing that such requested borrowing is contingent on the consummation of an anticipated transaction, in which case the Borrower shall, as promptly as practicable, notify the Administrative Agent if such transaction will not occur as scheduled) of its intention to borrow substantially in the form attached hereto as Exhibit B A-1 (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 2:00 p.m. on the same Business Day as each Base Rate Loan or LIBO Market Index Rate ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each LIBOR Rate Loan, Eurodollar Loan and (iiiiv) subject to Section 1.05, 12:00 p.m. at least three four (34) London Business Days before each Alternate Currency Eurocurrency Loan, of its intention is to borrowbe made, specifying: specifying (A) the date of such borrowing, which shall be a Business Day Day, (and a London Business Day B) with respect to any Loan other than any Swingline Loan, whether the Loan shall be denominated in Dollars or a Permitted Alternative Currency, (C) if such Loan is denominated in Dollars, whether such Loan shall be a Floating Rate Loan or an Alternate Currency ABR Loan); , (BD) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowersBorrower, or, or if less, (w1) with respect to Base Rate ABR Loans and Swingline Loans, in an aggregate principal amount of $250,000 and increments 100,000 or a whole multiple of $250,000 100,000 in excess thereof, and (x2) with respect to LIBO Market Index Rate Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $500,000 and increments 3,000,000 or a whole multiple of $250,000 1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (CE) whether such Loans are Loan is to be Base Rate Loansa Revolving Loan or a Swingline Loan, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (DF) in the case of a LIBOR Rate Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto, and (G) with respect to any Loan other than any Swingline Loan, whether the proceeds of such Loan are to be disbursed to the Borrower’s Account or the account of the Swingline Lender in connection with the repayment of a Swingline Loan. Notices A Notice of Borrowing received after 11:00 a.m.(Philadelphia time) the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing and shall provide any Notice of Borrowing with respect to a Swingline Loan to the Swingline Lender by 2:00 p.m. on the same Business Day as receipt of such Notice of Borrowing, which notice may be provided via email. For the avoidance of doubt, the Borrower shall promptly reimburse the Lenders for any amounts required to be paid under Section 2.18 as a result of the revocation of any Notice of Borrowing.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a "Notice of Revolving Credit Borrowing") not later than 11:00 a.m.(Philadelphia a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan or LIBO Market Index Rate Loan, and (ii) at least three (3) Business Days before each LIBOR Rate Loan, and (iii) at least three (3) London Business Days before each Alternate Currency Loan, of its intention to borrow, specifying: specifying (A) the date of such borrowing, which shall be a Business Day (and a London Business Day with respect to an Alternate Currency Loan); Day, (B) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment then available to the BorrowersBorrower, or, or if less, (wx) with respect to Base Rate Loans, Loans in an aggregate principal amount of $250,000 and increments 1,000,000 or a whole multiple of $250,000 in excess thereof, (x) with respect to LIBO Market Index Rate Loans, in an aggregate principal amount of $500,000 thereof and increments of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments 3,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 1,000,000 in excess thereof; , (C) whether such Loans are Loan is to be Base Rate Loansa Revolving Credit Loan, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (D) in the case of a Revolving Credit Loan whether the Loans are to be LIBOR Rate Loan Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia a.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

Samples: Credit Agreement (Performance Food Group Co)

Requests for Borrowing. The Borrowers AHL, on behalf of the Borrowers, shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a "Notice of Borrowing") not later than 11:00 a.m.(Philadelphia a.m. (Charlotte time) (i) on the same Business Day as date of borrowing with respect to each Revolving Loan constituting a Base Rate Loan or LIBO Market Index Rate Loan, that is not a Foreign Currency Loan (ii) at least three (3) Business Days before each Dollar LIBOR Rate Loan, and (iii) at least three four (34) London Business Days before each Alternate Foreign Currency Loan, Loan of its intention to borrow, specifying: specifying (A) the Borrower to whom loan proceeds are to be advanced, (B) the date of such borrowing, which shall be a Business Day Day, (and a London Business Day with respect to an Alternate Currency Loan); (BC) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment then available to the Borrowersshall, or, if less, (w) with respect to Base (I) Foreign Currency Loans (other than European Swingline Loans) and LIBOR Rate Loans, be in an aggregate principal amount of $250,000 and increments 2,000,000 or a whole multiple of $250,000 100,000 in excess thereof, (xII) with respect to LIBO Market Index Base Rate Loans (other than Swingline Loans and European Swingline Loans made as Base Rate Loans), be in an aggregate principal amount of $1,000,000 and or a whole multiple of $100,000 in excess thereof, and (III) European Swingline Loans, be in an aggregate principal amount of $500,000 and increments of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments or a whole multiple of $100,000 in excess thereof; , (CD) if not a Foreign Currency Loan, whether such the Loans are to be LIBOR Rate Loans or Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a combination thereof, the amount allocated to each; and (DE) in the case of a LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m.(Philadelphia a.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

Samples: Credit Agreement (Ahl Services Inc)

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