Requests for Loans. Borrower shall give to Agent written notice in the form of Exhibit D hereto (or telephonic notice confirmed in writing in the form of Exhibit D hereto) of the Loan (the “Loan Request”) by 12:00 noon (Cleveland time) on the Business Day prior to the proposed Drawdown Date with respect to Base Rate Loans and three (3) Business Days prior to such Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify the Type of Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfied. Promptly upon receipt of any such notice, Agent shall notify each of Lenders thereof. Such Loan Request shall be irrevocable and binding on Borrower and shall obligate Borrower to accept the Loan requested from Lenders on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six (6) LIBOR Rate Loans outstanding at any one time.
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Samples: Term Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Term Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Requests for Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit D B hereto (or telephonic notice confirmed in a writing in the form of Exhibit D B hereto) of the each Loan requested hereunder (the a “Loan Request”) by 12:00 noon (Cleveland a) no later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) no later than 11:00 a.m. (Boston time) on not less than three (3) Government Securities Business Day Days prior to the proposed Drawdown Date with respect to Base Rate Loans and three of any SOFR Loan. Each such notice shall specify (3i) Business Days prior to such the principal amount of the Loan requested, (ii) the proposed Drawdown Date with respect to LIBOR Rate Loansof such Loan, (iii) the Interest Period for such Loan and (iv) the Type of such Loan. Such notice shall If a Loan Request does not specify the Type of Loan requested, it will be treated as a request for a Base Rate Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfied. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Such Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from the Lenders on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 100,000 or an integral multiple of $100,000 in excess thereof and each Loan Request for a SOFR Loan shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six (6) LIBOR Rate Loans outstanding at any one time.
Appears in 1 contract
Requests for Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit D B hereto (or telephonic notice confirmed in a writing in the form of Exhibit D B hereto) of the each Loan requested hereunder (the a “Loan Request”) by 12:00 noon (Cleveland a) no later than 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) no later than 11:00 a.m. (Boston time) on not less than three (3) LIBOR Business Day Days prior to the proposed Drawdown Date with respect to Base of any LIBOR Rate Loans and three Loan. Each such notice shall specify (3i) Business Days prior to such the principal amount of the Loan requested, (ii) the proposed Drawdown Date with respect to LIBOR Rate Loansof such Loan, (iii) the Interest Period for such Loan and (iv) the Type of such Loan. Such notice shall If a Loan Request does not specify the Type of Loan requested, it will be treated as a request for a Base Rate Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfied. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Lenders thereof. Such Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from the Lenders on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 100,000 or an integral multiple of $100,000 in excess thereof and each Loan Request for a LIBOR Rate Loan shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six (6) LIBOR Rate Loans outstanding at any one time.
Appears in 1 contract
Samples: Revolving Credit Agreement (Safety Insurance Group Inc)
Requests for Loans. The Borrower shall give to the Administrative ------------------ Agent written notice in the form of Exhibit D B hereto (or telephonic notice --------- confirmed in a writing in the form of Exhibit D C hereto) of the each Loan --------- requested hereunder (the “a "Loan Request”") by 12:00 noon no later than (Cleveland a) 11:00 a.m. (Dallas ------------ time) on the proposed Drawdown Date of any Alternative Base Rate Loan and (b) three (3) Eurodollar Business Day Days prior to the proposed Drawdown Date with respect to Base of any Eurodollar Rate Loans and three (3) Business Days prior to Loan. Each such Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify (i) the principal amount of the Loan requested, (ii) the proposed Drawdown Date of such Loan, (iii) the Type of such Loan, and (iv) the initial Interest Period (for such Loan if applicable) and the Drawdown Date. Such notice shall also contain such Loan is a statement that the conditions to borrowing set forth in §10 hereof have been satisfiedEurodollar Rate Loan. Promptly upon receipt of any such noticeLoan Request, the Administrative Agent shall notify each of Lenders the Banks thereof. Such Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Loan requested from Lenders the Banks on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 10,000,000 or in an integral multiple of $100,000 1,000,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six (6) LIBOR Rate Loans outstanding at any one time.
Appears in 1 contract
Samples: Short Term Credit Agreement (Pimco Advisors Holdings Lp)
Requests for Loans. A Borrower shall give to the Agent written notice in the form of Exhibit D C hereto (or telephonic notice confirmed in a writing in the form of Exhibit D C hereto) of the Loan Loans requested from the Lenders hereunder (the “a "Loan Request”"), no later than 12:00 noon, Boston time, (i) by 12:00 noon no less than one (Cleveland time1) on the Business Day prior to the proposed Drawdown Date with respect to of any Base Rate Loans Loan and (ii) no less than three (3) LIBOR Business Days prior to such the proposed Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify the Type of Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfied. Promptly upon receipt of any such noticeLIBOR Loans; provided, however, that a Borrower may give to the Agent shall notify each of Lenders thereof. Such a Loan Request shall be irrevocable and binding on Borrower and shall obligate Borrower for a Swing Line Loan at any time prior to accept the Loan requested from Lenders 12:00 noon, Boston time on the proposed Drawdown DateDate of such Swing Line Loan. Each such notice shall specify (i) the aggregate principal amount of the Loans requested from the Lenders specifying whether such Loans are Revolving Credit Loans or Swing Line Loans (and in any event not in excess of the unused portion of the Available Total Commitment), (ii) whether such Loans are to be LIBOR Loans or Base Rate Loans, (iii) the proposed Drawdown Date of such Loans, (iv) in the case of LIBOR Loans, the Interest Period for such Loans, (v) the purpose or purposes to which the proceeds of such Loans shall be applied, and (vi) such other matters as are set forth on Exhibit C. Each Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 or an a higher integral multiple of $100,000 in excess thereof500,000; or (b) provided, however, that each Loan Request for a LIBOR Rate Swing Line Loan shall be in a minimum aggregate amount of $2,000,000 100,000 or an a higher integral multiple of $100,000 in excess thereof; provided, however, that there 50,000. The Agent shall be no more than six (6) LIBOR Rate then promptly notify each Lender by written notice of its respective Percentage of the Loans outstanding at any one timerequested.
Appears in 1 contract
Samples: Revolving Credit Agreement (Dynamics Research Corp)
Requests for Loans. Borrower shall give to Agent written notice in the form of Exhibit D hereto (or telephonic notice confirmed in writing in the form of Exhibit D hereto) of the Loan (the “Loan Request”) by 12:00 noon (Cleveland time) on the Business Day prior to the proposed Drawdown Date with respect to Base Rate Loans and three (3) Business Days prior to such Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify the Type of Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §§10 hereof and 11 hereof, as applicable, have been satisfied. Promptly upon receipt of any 6231593.9\0334186 such notice, Agent shall notify each of Lenders thereof. Such Loan Request shall be irrevocable and binding on Borrower and shall obligate Borrower to accept the Loan requested from Lenders on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six four (64) LIBOR Rate Loans outstanding at any one time.
Appears in 1 contract
Samples: Revolving Credit Agreement (CorEnergy Infrastructure Trust, Inc.)
Requests for Loans. Lead Borrower shall give to Agent written or telephonic notice in the form of Exhibit D hereto (or with telephonic notice confirmed in writing in the form of Exhibit D heretowriting) of the Loan (the “Loan Request”) by 12:00 noon (Cleveland time) on the Business Day prior to the proposed Drawdown Date with respect to Base Rate Loans and three (3) Business Days prior to such Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify the Type of Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice for the borrowing to occur on the Closing Date shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfiedsatisfied or waived in writing by Agent. Promptly upon receipt of any such notice, Agent shall notify each of Lenders thereof. Such Loan Request shall be irrevocable and binding on Borrower Borrowers and shall obligate Borrower Borrowers to accept the Loan requested from Lenders on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no more than six four (64) LIBOR Rate Loans outstanding at any one time.
Appears in 1 contract
Samples: Credit Agreement (Emeritus Corp\wa\)
Requests for Loans. Borrower The Borrowers shall give to the Agent written notice in the form of Exhibit D A hereto (or telephonic notice confirmed in a writing in the form of Exhibit D A hereto) of the Loan Loans requested from the Lenders hereunder (the “a "Loan Request”"), no later than 12:00 noon, Boston time, (i) by 12:00 noon no less than one (Cleveland time1) on the Business Day prior to the proposed Drawdown Date with respect to of any Base Rate Loans Loan and three (3ii) no less than two (2) LIBOR Business Days prior to such Drawdown Date with respect to LIBOR Rate Loans. Such notice shall specify the Type of Loan, the initial Interest Period (if applicable) and the Drawdown Date. Such notice shall also contain a statement that the conditions to borrowing set forth in §10 hereof have been satisfied. Promptly upon receipt of any such notice, Agent shall notify each of Lenders thereof. Such Loan Request shall be irrevocable and binding on Borrower and shall obligate Borrower to accept the Loan requested from Lenders on the proposed Drawdown DateDate of any LIBOR Loans. Each such notice shall be signed by the requesting Borrowers and shall specify (i) the aggregate principal amount of the Loans requested from the Lenders (and in any event not in excess of the unused portion of the Available Revolving Commitment), (ii) whether such Loans are to be LIBOR Loans or Base Rate Loans, (iii) the proposed Drawdown Date of such Loans, (iv) in the case of LIBOR Loans, the Interest Period for such Loans, and (v) such other matters as are set forth on Exhibit A. The Borrowers may not make a Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof; or (b) for a LIBOR Rate Loan in if such a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof; provided, however, that there shall be no request would require the Agent to administer concurrently more than six five (6) LIBOR Rate Loans outstanding at any one time.5)
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Nashua Corp)