Common use of Requests for Loans Clause in Contracts

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent of such request in writing not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowing. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following information: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans to be borrowed (ABR or Eurodollar); (iv) if a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that the conditions set forth in Section 4.02 have been satisfied in full as of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursed. If no election as to the Type of a Borrowing is specified, then the requested Borrowing shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 2 contracts

Samples: Revolving Loan Facility Credit Agreement (Central European Media Enterprises LTD), Revolving Loan Facility Credit Agreement (CME Media Enterprises B.V.)

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Requests for Loans. To request a Loan, the The Borrower shall notify give to the Administrative Agent written notice in the form of such request Exhibit A hereto (or telephonic notice confirmed in a writing in the form of Exhibit A hereto) of each Loan requested hereunder (a “Loan Request”) not later than (a) 12:00 noon, noon (New York City time, ) on the proposed Drawdown Date of any Base Rate Loan and (b) 12:00 noon (New York time) three (3) Business Days prior to the proposed Drawdown Date of any Eurocurrency Rate Loan. Each such notice shall specify (or i) the principal amount of the Loan requested, (ii) the proposed Drawdown Date of such shorter period as may be agreed Loan, (iii) with respect to by any Eurocurrency Rate Loan, the initial Interest Period relating thereto and (iv) the Type of such Loan. Promptly upon receipt of any such notice, the Administrative Agent) before the date Agent shall notify each of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowingLenders thereof. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each Borrowing Loan Request shall be irrevocable and be binding on the Borrower and shall specify obligate the following information: Borrower to accept the Loan requested from the Lenders on the proposed Drawdown Date. Each Loan Request shall be (iA) the in a minimum aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans to be borrowed (ABR $1,000,000 or Eurodollar); (iv) if a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that the conditions set forth in Section 4.02 have been satisfied in full as of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursed. If no election as to the Type of a Borrowing is specified, then the requested Borrowing shall be deemed an ABR Loan. If no Interest Period is specified integral multiple thereof with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of Base Rate Loans and (B) in a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the minimum aggregate amount of such Lender’s Loan $5,000,000 or an integral multiple of $l,000,000 with respect to be made as part of the requested BorrowingEurocurrency Rate Loans.

Appears in 2 contracts

Samples: Credit Agreement (Staples Inc), Credit Agreement (Staples Inc)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Jetblue Airways Corp)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a SOFR Loan, not later than 2:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of the proposed Loan and (B) in the case of an ABR Loan, not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before on the date of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a SOFR Loan; and (iv) if in the case of a Eurodollar SOFR Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingSOFR Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.), Credit and Guaranty Agreement (Jetblue Airways Corp)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by email delivery of a written Loan Request (A) in writing the case of a SOFR Loan, not later than 2:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of the proposed Loan and (B) in the case of an ABR Loan, not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before on the date of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or email to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a SOFR Loan; and (iv) if in the case of a Eurodollar SOFR Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingSOFR Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Alaska Air Group, Inc.)

Requests for Loans. To a. Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) i. the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) . the date of such Loan, which shall be a Business Day; (iii) the Type of Loans . whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if xx. xx the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . b. Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request in writing (A) in the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 11:00 a.m., New York City time, on the date of the proposed borrowingLoan. Each Borrowing Loan Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(d)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (United Airlines, Inc.)

Requests for Loans. To Unless otherwise agreed to by the Administrative Agent, to request a Loanthe Initial Term Loans on the Closing Date, the Borrower Borrowers shall notify the Administrative Agent of such request by delivering a Loan Request (a) in writing the case of a Term Benchmark Borrowing, not later than 12:00 noon11:00 a.m., New York City time, three (3) U.S. Government Securities Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request or (b) in respect the case of such an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of the proposed borrowingBorrowing. Each Borrowing such Loan Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be signed by the Financial Officer of each Borrower. Each Borrowing such Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.01: (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Term Benchmark Loan; and (iv) if in the case of a Eurodollar Term Benchmark Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingTerm Benchmark Loan, then the Borrower Borrowers shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing the Loan Request in accordance with this Section 2.032.02, the Administrative Agent shall advise each Term Lender of the details thereof and of the amount of such Term Lender’s Term Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Debt Agreement (Latam Airlines Group S.A.)

Requests for Loans. To Unless otherwise agreed to by the Administrative Agent, to request a Loanthe Initial Term Loans on the Closing Date, the Borrower Borrowers shall notify the Administrative Agent of such request by delivering a Loan Request (a) in writing the case of a Term Benchmark Borrowing, not later than 12:00 noon11:00 a.m., New York City time, three (3) U.S. Government Securities Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request or (b) in respect the case of such an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of the proposed borrowingBorrowing. Each Borrowing such Loan Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be signed by the Financial Officer of each Borrower. Each Borrowing such Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with ‎Section 2.01: (i) the aggregate principal amount of the requested LoanLoan (which shall comply with ‎Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Term Benchmark Loan; and (iv) if in the case of a Eurodollar Term Benchmark Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingTerm Benchmark Loan, then the Borrower Borrowers shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing the Loan Request in accordance with this Section 2.03‎Section 2.02, the Administrative Agent shall advise each Term Lender of the details thereof and of the amount of such Term Lender’s Term Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Debt Agreement (Latam Airlines Group S.A.)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent Lender of such request by telephone (a) in writing the case of a Eurodollar Loan, not later than 12:00 noon11:00 a.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver or (b) in the case of a Borrowing Request in respect CBFR Loan, not later than 11:00 a.m., New York City time, one Business Day before the date of such the proposed borrowingLoan. Each such telephonic Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or email to the Lender of a written Borrowing Request in a form approved by the Lender and signed by the Borrower. Each such telephonic and written Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (ABR a CBFR Loan or Eurodollar)a Eurodollar Loan; (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm “Interest Period”; and (viv) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR a CBFR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Photomedex Inc)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the relevant Co-Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each Borrowing Request such telephonic Loan request shall be irrevocable and shall be binding on confirmed promptly by hand delivery or telecopy to the Borrower Administrative Agent of a written Loan Request signed by such Co-Borrower. Each such telephonic Loan request and written Loan Request shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the relevant Co-Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (United Air Lines Inc)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent Bank of such request by telephone (a) in writing the case of a Eurodollar Loan, not later than 12:00 noon11:00 a.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request or (b) in respect the case of such an ABR Loan, not later than 1:00 p.m., New York City time, the same Business Day of the proposed borrowingLoan. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each such telephonic Borrowing Request shall be irrevocable and shall be binding on confirmed promptly by hand delivery or telecopy to the Borrower Bank of a written Borrowing Request in a form approved by the Bank and signed by the Manager. Each such telephonic and written Borrowing Request shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar)a Eurodollar Loan; (iv) if a in the case of Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months)thereto, which shall be a period contemplated by the definition of the term "Interest Period"; (v) that the conditions set forth in Section 4.02 have been satisfied in full as of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04; (vi) the proposed use of the requested Loan including the Portfolio Investment to be made with the proceeds thereof; (vii) if Margin Stock exceeds 25% of the value of the total assets of the Borrower; and (viii) a Compliance Certificate dated as of the date of the request for the proposed Loan. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Jefferies Capital Partners Iv Lp)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent Bank of such request by telephone (a) in writing the case of a Eurodollar Loan, not later than 12:00 noon4 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver Loan, or (b) in the case of a Borrowing Request in respect ABR Loan, not later than 3 p.m., New York City time, on the date of such the proposed borrowingLoan. Each such telephonic Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Bank of a written Borrowing Request in the form attached hereto as Exhibit B, and signed by the Borrower. Each such telephonic and written Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar)a Eurodollar Loan; (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm "Interest Period"; and (viv) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of as offered by the Bank, which shall not exceed one month’s 's duration. Promptly following receipt , in the case of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested BorrowingEurodollar Loan.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Navteq Corp)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent of such request in writing by telephone (a) at any time that Lucent is a Lender, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days before the date of the proposed Loan; or (or such shorter period as may be agreed to by b) at any time that Lucent is not a Lender (i) in the Administrative Agent) case of a Eurodollar Loan, not later than 2:00 p.m., New York City time, three Business Days before the date of the proposed Loan and deliver a Borrowing Request or (ii) in respect the case of such an ABR Loan, not later than 2:00 p.m., New York City time, on the Business Day before the date of the proposed borrowingLoan; PROVIDED that the Borrower may make no more than two requests for Loans in any single calendar month. Each Borrowing such telephonic Loan Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Agent of a written Loan Request in a form approved by the Agent and signed by the Borrower. Each Borrowing such telephonic and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested such Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of term "Interest Period". If the Borrowing Request; and (vi) Borrower does not specify whether the location and number of the Borrower’s account to which funds are Loan is to be disbursed. If no election as to the Type of a Borrowing is specifiedEurodollar Loan or an ABR Loan, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s 's Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit Agreement (Gt Group Telecom Inc)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested Loan;Loan (which shall comply with Section 2.01(c)); 92544055_10 (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Holdings Inc)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent JPMCB of such request by telephone (a) in writing the case of a Eurodollar Loan, not later than 12:00 noon10:00 a.m., New York City Houston time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request Loan, or (b) in respect the case of such an ABR Loan, not later than 10:00 a.m., Houston time, on the Business Day of the proposed borrowingLoan. Each such telephonic Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to JPMCB of a written Borrowing Request in a form approved by JPMCB and signed by the Borrower. Each such telephonic and written Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar)a Eurodollar Loan; (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm "Interest Period"; and (viv) the location and number of the Borrower’s 's account to which funds are to be disbursed. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Administaff Inc \De\)

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Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each Borrowing Request such telephonic Loan request shall be irrevocable and shall be binding on confirmed promptly by hand delivery or telecopy to the Borrower Administrative Agent of a written Loan Request signed by the #4835-7899-9450v13 #4834-7509-9972 Borrower. Each such telephonic Loan request and written Loan Request shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Jetblue Airways Corp)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a EurodollarSOFR Loan, not later than 2:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of the proposed Loan and (B) in the case of an ABR Loan, not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before on the date of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a EurodollarSOFR Loan; and (iv) if in the case of a Eurodollar EurodollarSOFR Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingEurodollarSOFR Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Spirit Airlines, Inc.)

Requests for Loans. To request a LoanExcept with respect to any additional Loans made in accordance with Section 2.09, the Borrower shall notify the Administrative Agent of such request in writing not later than 12:00 noon11:00 a.m., New York City time, three (3) Business Days on the Effective Date, the Borrower shall request the Loans by notifying the Administrative Agent by telephone, fax (or such shorter period as may be agreed to transmit by electronic communication, if arrangements for doing so have been approved by the Administrative Agent) before and shall confirm such request by delivering to the date of the proposed Loan and deliver Administrative Agent a written Borrowing Request in respect substantially the form of such proposed borrowing. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request Exhibit B and shall be signed by the Borrower. Each Such telephonic, electronic communication and written Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested LoanLoans; (ii) the date of such LoanEffective Date, which shall be a Business Day; (iii) whether any portion of the Type of Floating Rate Loans is to be borrowed (an ABR Tranche or Eurodollar)a Eurodollar Tranche; (iv) if in the case of a Eurodollar LoanTranche, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm “Interest Period”; and (viv) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.05. If no election as to the Type of a Borrowing is specified, then the requested Borrowing entire portion of the Floating Rate Loans shall be deemed an ABR LoanTranche. If no Interest Period is specified with respect to any requested Eurodollar BorrowingTranche, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a the Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowingmade.

Appears in 1 contract

Samples: Second Lien Term Loan Agreement (Rosetta Resources Inc.)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial DDT Loans, to request a DDT Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by hand or by facsimile delivery of a written Loan Request (A) in writing the case of a Eurodollar Loan, not later than 12:00 noon2:00 p.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request (B) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, on the date of the proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a Eurodollar Loan; and (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingLoan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 33 1005968021v14 (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each DDTL Lender of the details thereof and of the amount of such DDTL Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Delayed Draw Term Loan Credit Agreement (Jetblue Airways Corp)

Requests for Loans. To (a) Unless otherwise agreed to by the Administrative Agent in connection with making the initial Revolving Loans, to request a Revolving Loan, the Borrower shall notify the Administrative Agent of such request by (i) telephone or (ii) by delivery of a written Loan Request (A) in writing the case of a SOFR Loan, not later than 2:00 p.m., New York City time, three (3) U.S. Government Securities Business Days before the date of the proposed Loan and (B) in the case of an ABR Loan, not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before on the date of the proposed Loan and deliver a Borrowing Request in respect of such proposed borrowingLoan. Each Borrowing Request such telephonic Loan request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by delivery to the Administrative Agent of a written Loan Request signed by the Borrower. Each Borrowing such telephonic Loan request and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following information:information in compliance with Section 2.01(a): (i) the aggregate principal amount of the requested LoanLoan (which shall comply with Section 2.01(c)); (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar);a SOFR Loan; and (iv) if in the case of a Eurodollar SOFR Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s account to which funds are to be disbursedterm “Interest Period”. If no election as to the Type of a Borrowing Loan is specified, then the requested Borrowing Loan shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar BorrowingSOFR Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. . (b) Promptly following receipt of a Borrowing Loan Request in accordance with this Section 2.03, the Administrative Agent shall advise each Revolving Lender of the details thereof and of the amount of such Revolving Lender’s Loan to be made as part of the requested BorrowingLoan.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hawaiian Holdings Inc)

Requests for Loans. To request a Loan, the Borrower shall ------------------ notify the Administrative Agent Bank of such request by telephone (a) in writing the case of a Eurodollar Loan, not later than 12:00 noon11:00 a.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request or (b) in respect the case of such an ABR Loan, not later than2:00 p.m., New York City time, one Business Day before the date of the proposed borrowingLoan. Each such telephonic Borrowing Request shall be delivered irrevocable and, as to a Eurodollar Loan, shall be confirmed promptly by hand delivery, fax delivery or emailed pdf telecopy to the Bank of the a written Borrowing Request in a form approved by the Bank and shall be signed by the Borrower. Each such telephonic and written Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (an ABR Loan or Eurodollar)a Eurodollar Loan; (iv) if in the case of a Eurodollar Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm "Interest Period"; and (viv) the location and number of the Borrower’s 's account to which funds are to be disbursed. If no election as to , which shall comply with the Type requirements of a Borrowing is specified, then the requested Borrowing shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.Section

Appears in 1 contract

Samples: Credit Agreement (Par Technology Corp)

Requests for Loans. To request a Loan (other than a Swingline Loan), the applicable Borrower shall notify the Administrative Agent of such request in writing (a) in the case of a Benchmark Rate Loan denominated in Dollars, not later than 12:00 noon, New York City time, two Business Days before the date of the proposed Loan, (b) in the case of a Benchmark Rate Loan denominated in Euro, not later than 12:00 noon, New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request Loan, or (c) in respect the case of such an ABR Loan, not later than 12:00 noon, New York City time, one Business Day before the date of the proposed borrowingLoan. Each Borrowing Request such Loan Notice shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and Loan Notice, signed by the applicable Borrower. Following such confirmation, the Loan Notice shall be signed by irrevocable and binding on the Borrower. Each Borrowing Request shall be irrevocable and be binding on the Borrower and such written Loan Notice shall specify the following informationinformation in compliance with Section 2.02: (i) the name and jurisdiction of the applicable Borrower; (ii) the aggregate principal amount of the requested Loan; (iiiii) the date of such Loan, which shall be a Business Day; (iiiiv) the applicable Loan Currency for such Loan (which shall be Dollars for any ABR Loan); (v) the Type of Loans to be borrowed (ABR or EurodollarBenchmark Rate); (ivvi) if in the case of a Eurodollar Benchmark Rate Loan, the initial Interest Period to be applicable thereto (one (1) month or three (3) months)thereto, which shall be a period contemplated by the definition of the term “Interest Period”; (vvii) that the conditions set forth in Section Sections 4.01 and 4.02 have been satisfied in full as of the date of the Borrowing Requestnotice; and (viviii) the location and number of the applicable Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04. If no election as to the Loan Currency of a requested Loan is specified, then such Loan shall be a Dollar Loan. If no election as to the Type of a Borrowing Loan is specified, specified then the requested Borrowing applicable Loan shall be deemed made as an ABR Loan. If no any Borrower requests a borrowing of Benchmark Rate Loans, but fails to specify an Interest Period is specified with respect to any requested Eurodollar BorrowingPeriod, then the such Borrower shall will be deemed to have selected specified an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request Loan Notice in accordance with this Section 2.03Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested BorrowingLoan. For the avoidance of doubt, the Loan Notice in respect of the initial Credit Extension may be delivered at any time from and after the execution and delivery of this Agreement by the parties hereto, regardless of whether the Effective Date has occurred, and though no Credit Extensions may occur until the Effective Date and until after the other applicable conditions have been waived or satisfied in accordance with this Agreement, the other duties and obligations of the parties hereto shall apply from and after the execution and delivery of this Agreement by the parties hereto (and for the avoidance of doubt from and after such execution and delivery, Commitment Fees and Utilization Fees shall begin to toll and Sections 2.12, 2.13, 2.14, 2.15 and 11.04 shall apply).

Appears in 1 contract

Samples: Senior Unsecured Sustainability Linked Revolving Credit Agreement (Teva Pharmaceutical Industries LTD)

Requests for Loans. To request a Loan, the Borrower shall notify the Administrative Agent of such request by telephone (a) in writing the case of a Facility A Loan or Facility B Loan, not later than 12:00 noon11:30 a.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Facility A Loan and deliver a Borrowing Request or Facility B Loan, or (b) in respect the case of such any Documentary Letter of Credit Obligation, not later than 11:30 a.m., New York City time, three (3) Business Days before the issuance date of the proposed borrowingDocumentary Letter of Credit. Each Borrowing such telephonic Loan Request shall specify whether it is a Facility A Loan, a Facility B Loan or a Letter of Credit Obligation, be delivered by hand delivery, fax or emailed pdf of the Borrowing Request irrevocable and shall be confirmed promptly by hand delivery or telecopy to Administrative Agent of the appropriate written Loan Request in the form attached hereto as EXHIBIT G or H and signed by the Borrower. Each Borrowing such telephonic and written Loan Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.02 hereof: (i) the aggregate principal amount of the requested Loan; (ii) the date of such Loan, which shall be a Business Day; (iii) the Type of Loans whether such Loan is to be borrowed (ABR a Facility A Loan, a Facility B Loan or Eurodollar)a Letter of Credit Obligation under Facility A or a Letter Credit Obligation under Facility D; (iv) if in the case of a Eurodollar LoanLetter of Credit Obligation, the initial Interest Period Loan Request shall be accompanied by (a) in the case of a Standby Letter of Credit under Facility D, (x) to the extent not previously delivered to Administrative Agent, copies of all agreements between Borrower and the Standby Letter of Credit beneficiary pertaining to the issuance of such standby Letters of Credit and (y) a copy of the form of a Standby Letter of Credit which is attached hereto as EXHIBIT F-1, and (b) in the case of a Documentary Letter of Credit under Facility A, a copy of the form of the application for a documentary letter of credit which is attached hereto as EXHIBIT F-2 and which may be applicable thereto (one (1) month or three (3) months);amended by the L/C Issuer from time to time; and [Participation and Loan and Security Agreement] (v) that the conditions set forth in Section 4.02 have been satisfied in full as of the date of the Borrowing Request; and (vi) the location and number of the Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.05 hereof. If no election as to On or before the Type of a Borrowing is specifiedSettlement Date, then the requested Borrowing shall be deemed an ABR Loan. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the details thereof of the Loan Request and of the amount of such Lender’s 's Revolving Loan to be made as part of the requested BorrowingLoan. In the event a Facility A Loan or Facility B Loan is to be made on any day other than the first day of a LIBOR Interest Period, the Loan Request shall be deemed a request for a Facility C Loan to be refunded by a Facility A Loan or Facility B Loan. Notwithstanding anything contained herein to the contrary, Documentary Letter of Credit applications by Borrower and approvals by the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower, Administrative Agent and the L/C Issuer.

Appears in 1 contract

Samples: Participation and Loan and Security Agreement (K-Sea Transportation Partners Lp)

Requests for Loans. To request a LoanBorrowing, the a Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Borrowing Request to the Administrative Agent, who shall promptly thereafter notify the Administrative Agent Lenders, of such request (a) in writing the case of a Eurodollar Borrowing, not later than 12:00 noon11:00 a.m., New York City time, three (3) Business Days (or such shorter period as may be agreed to by the Administrative Agent) before the date of the proposed Loan and deliver a Borrowing Request or (b) in respect the case of such an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed borrowingBorrowing. Each Borrowing Request shall be delivered by hand delivery, fax or emailed pdf of the Borrowing Request and shall be signed by the Borrower. Each such Borrowing Request shall be irrevocable and be binding on the Borrower and shall specify the following informationinformation in compliance with Section 2.01: (i) the aggregate principal amount of the requested LoanBorrowing; (ii) the date of such LoanBorrowing, which shall be a Business Day; (iii) the Type of Loans whether such Borrowing is to be borrowed (an ABR Borrowing or Eurodollar)a Eurodollar Borrowing; (iv) if in the case of a Eurodollar LoanBorrowing, the initial Interest Period to be applicable thereto (one (1) month or three (3) months); (v) that thereto, which shall be a period contemplated by the conditions set forth in Section 4.02 have been satisfied in full as definition of the date of the Borrowing Requestterm "Interest Period"; and (viv) the location and number of the Borrower’s account of the requesting Borrower to which funds are to be disbursed, which shall comply with the requirements of Section 2.03. If no election as to the Type of a Borrowing is specified, then the requested Borrowing shall be deemed an ABR LoanBorrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the requesting Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s 's Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Weatherford International LTD)

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