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
Sources: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)
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
Sources: Senior Unsecured Revolving Credit Agreement, Senior Unsecured Revolving 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 of Exhibit B (a “Notice of Borrowing”) (i) 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 Loan, (ii) not later than 1:00 p.m. on the same Business Day as each Swingline Loan and (iii) not later than 12:00 p.m. at least three (3) U.S. Government Securities Business Days before each LIBOR Rate Loan, and (iii) at least three (3) London Business Days before each Alternate Currency SOFR Loan, of its the Borrower’s 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, if lessbe, (wx) with respect to Base Rate Loans (other than Swingline Loans, ) in an aggregate principal amount of $250,000 and increments 10,000,000 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 and increments of $250,000 1,000,000 in excess thereof, (y) with respect to LIBOR Rate SOFR Loans in an aggregate principal amount of $1,000,000 and increments 10,000,000 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 1,000,000 or a whole multiple of $100,000 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 LIBOR Revolving Credit Loan whether the Loans are to be SOFR Loans or Base Rate Loan or Loans, and (E) in the case of a Eurocurrency SOFR 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 in the preceding sentence shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (DCP Midstream, LP)
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
Sources: Senior Unsecured 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
Sources: Senior Secured 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
Sources: 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
Requests for Borrowing. The Borrowers Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as of Exhibit B (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 Loan or LIBO Market Index Rate denominated in Dollars and each Swingline 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) 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 lessbe, (wx) with respect to Base Rate Loans (other than Swingline 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 or a whole multiple of $500,000 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 500,000 or a whole multiple of $100,000 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 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 1 contract