Requests for LIBOR Loans. Borrower shall give the Lender its irrevocable Request for each LIBOR Loan specifying: (i) the Draw Date for the LIBOR Loan, which may be the same day for Daily LIBOR Loans and which must be at least two (2) LIBOR Business Days following the date of the Request for other LIBOR Loans; (ii) the aggregate amount of such LIBOR Loan, which amount shall not be less than the Minimum Borrowing Amount; (iii) the applicable LIBOR Rate selection and corresponding Interest Period duration unless the Request is for a Daily LIBOR Loan; and (iv) whether the Automatic Continuation Option will be in effect for such LIBOR Loan unless the Request is for a Daily LIBOR Loan. The Automatic Continuation Option shall be in effect for each Daily LIBOR Loan and for each other LIBOR Loan unless otherwise specified by Borrower in writing.
Appears in 5 contracts
Samples: Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp), Credit Facility Agreement (Iec Electronics Corp)
