Common use of Requests for Revolver Loans Clause in Contracts

Requests for Revolver Loans. Borrower must give to Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of any requested Borrowing of Revolver Loans to be funded by Revolver Lenders. Each such notice constitutes a "Borrowing Notice" hereunder and must: (a) specify (i) the aggregate amount of any such Borrowing of new Base Rate Loans and the date on which such Base Rate Loans are to be advanced, or (ii) the aggregate amount of any such Borrowing of new Eurodollar Loans, the date on which such Eurodollar Loans are to be advanced (which shall be the first day of the Interest Period which is to apply thereto), and the length of the applicable Interest Period; and (b) be received by Administrative Agent not later than 11:00 a.m., New York, New York time, on (i) the day on which any such Base Rate Loans are to be made, or (ii) the third Business Day preceding the day on which any such Eurodollar Loans are to be made. (c) If any requested Borrowing of Revolver Loans or portion thereof is to be utilized by Borrower exclusively for working capital purposes (such Borrowing or such portion being called a "Working Capital Borrowing"), Borrower shall specify in the Borrowing Notice that such Borrowing or such portion is a Working Capital Borrowing. In addition, any repayment of a Revolver Loan that is intended as a repayment of all or any part of the outstanding amount of one or more Working Capital Borrowings shall be so identified to the Administrative Agent at the time of such repayment. Each such written request or confirmation must be made in the form and substance of the "Borrowing Notice" attached hereto as Exhibit B, duly completed. Each such telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by Borrower as to the matters which are required to be set out in such written confirmation. Upon receipt of any such Borrowing Notice, Administrative Agent shall give each Revolver Lender prompt notice of the terms thereof. If all conditions precedent to such new Revolver Loans have been met, each Revolver Lender will on the date requested promptly remit to Administrative Agent at Administrative Agent's office in New York, New York the amount of such Revolver Lender's new Revolver Loan in immediately available funds, and upon receipt of such funds, unless to its actual knowledge any conditions precedent to such Revolver Loans have been neither met nor waived as provided herein, Administrative Agent shall promptly make such Revolver Loans available to Borrower. Unless Administrative Agent shall have received prompt notice from a Revolver Lender that such Revolver Lender will not make available to Administrative Agent such Revolver Lender's new Revolver Loan, Administrative Agent may in its discretion assume that such Revolver Lender has made such Revolver Loan available to Administrative Agent in accordance with this section, and Administrative Agent may if it chooses, in reliance upon such assumption, make such Revolver Loan available to Borrower. If and to the extent such Revolver Lender shall not so make its new Revolver Loan available to Administrative Agent, such Lender and Borrower severally agree to pay or repay to Administrative Agent within three days after demand the amount of such Revolver Loan together with interest thereon, for each day from the date such amount was made available to Borrower until the date such amount is paid or repaid to Administrative Agent, with interest at (i) the Federal Funds Rate, if such Lender is making such payment and (ii) the interest rate applicable at the time to the other new Revolver Loans made on such date, if Borrower is making such repayment. If neither such Revolver Lender nor Borrower pays or repays to Administrative Agent such amount within such three-day period, Administrative Agent shall, be entitled to recover from Borrower, on demand in lieu of the interest provided for in the preceding sentence, interest thereon at the Default Rate, calculated from the date such amount was made available to Borrower. The failure of any Revolver Lender to make any new Revolver Loan to be made by it hereunder shall not relieve any other Revolver Lender of its obligation hereunder, if any, to make its new Revolver Loan, but no Revolver Lender shall be responsible for the failure of any other Revolver Lender to make any new Revolver Loan to be made by such other Revolver Lender.

Requests for Revolver Loans. (a) The US Borrower must shall give to the Administrative Agent written notice in the form of Exhibit C-1 hereto (or telephonic notice promptly confirmed in writing----------- a writing in the form of Exhibit C-1 hereto) of each US Revolving Credit ----------- Loan requested hereunder (a "US Revolving Credit Loan Request") not later -------------------------------- than (a) one (1) US Business Day prior to any requested Borrowing Drawdown Date of Revolver Loans any Base Rate Loan or (b) three (3) Eurocurrency Business Days prior to be funded by Revolver Lendersany Drawdown Date of any Eurocurrency Rate Loan. Each such notice constitutes a "Borrowing Notice" hereunder and must: (a) shall specify (i) the aggregate principal amount in Dollars of any such Borrowing of new Base Rate Loans and the date on which such Base Rate Loans are US Revolving Credit Loan requested stated either in Dollars or, subject to be advanced(S)2.10 hereof, or in an Optional Currency, (ii) the proposed Drawdown Date of such US Revolving Credit Loan, (iii) the Interest Period for such US Revolving Credit Loan, and (iv) the Type of such US Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the US Revolving Credit Banks thereof. Each such notice shall be irrevocable and binding on the US Borrower and shall obligate the US Borrower to accept the requested Loan on the proposed Drawdown Date thereof. Each US Revolving Credit Loan Request shall be in a minimum aggregate amount of any such Borrowing of new Eurodollar Loans, $500,000 or an integral multiple thereof or the date on which such Eurodollar Loans are to be advanced (which shall be the first day of the Interest Period which is to apply thereto), and the length of the applicable Interest Period; andequivalent thereof in an Optional Currency. (b) be received by The Australian Borrower shall give to the Australian Agent and the Administrative Agent written notice in the form of Exhibit C-2 ------- --- hereto (or telephonic notice confirmed in a writing in the form of Exhibit ------- C-2 hereto) of each Australian Revolving Credit Loan requested hereunder (a --- "Australian Revolving Credit Loan Request") not later than 11:00 a.m., New York, New York time, on (a) one (1) ---------------------------------------- Australian Business Day prior to the Drawdown Date of any Australian Base Rate Loan or (b) three (3) Australian Business Days prior to any Drawdown Date of any BBSW Rate Loan. Each such notice shall specify (i) the day on which any such Base Rate Loans are to be madeprincipal amount in Australian Dollars of the Australian Revolving Credit Loan requested, or (ii) the third Business Day preceding proposed Drawdown Date of such Australian Revolving Credit Loan, (iii) the day on which Interest Period for such Australian Revolving Credit Loan and (iv) the Type of such Australian Revolving Credit Loan. Promptly upon receipt of any such Eurodollar Loans are notice, the Australian Agent shall notify each of the Australian Banks and the Administrative Agent thereof. Each such notice shall be irrevocable and binding on the Australian Borrower and shall obligate the Australian Borrower to accept the requested Loan on the proposed Drawdown Date thereof. Each Australian Revolving Credit Loan Request shall be madein a minimum aggregate amount of Aus. $250,000 or an integral multiple thereof. (c) If any requested Borrowing of Revolver Loans or portion thereof is to be utilized by Borrower exclusively for working capital purposes (such Borrowing or such portion being called a "Working Capital Borrowing"), The Mexican Borrower shall specify in the Borrowing Notice that such Borrowing or such portion is a Working Capital Borrowing. In addition, any repayment of a Revolver Loan that is intended as a repayment of all or any part of the outstanding amount of one or more Working Capital Borrowings shall be so identified give to the Administrative Agent at written notice in the time form of such repaymentExhibit C-3 hereto (or telephonic notice ------- --- confirmed in a writing in the form of Exhibit C-3 hereto) of each Mexican ------- --- Revolving Credit Loan requested hereunder (a "Mexican Revolving Credit Loan ----------------------------- Request") not later than (a) one (1) Mexican Business Day prior to any ------- Drawdown Date of any Base Rate Loan or (b) three (3) Eurocurrency Business Days prior to any Drawdown Date of any Eurocurrency Rate Loan. Each such written request or confirmation must be made notice shall specify (i) the principal amount in the form and substance Dollars of the "Borrowing Notice" attached hereto as Exhibit BMexican Revolving Credit Loan requested, duly completed(ii) the proposed Drawdown Date of such Mexican Revolving Credit Loan, (iii) the Interest Period for such Mexican Revolving Credit Loan and (iv) the Type of such Mexican Revolving Credit Loan. Each such telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by Borrower as to the matters which are required to be set out in such written confirmation. Upon Promptly upon receipt of any such Borrowing Noticenotice, the Administrative Agent shall give notify each Revolver Lender prompt notice of the terms US Revolving Credit Banks thereof. If all conditions precedent to Each such new Revolver Loans have been met, each Revolver Lender will notice shall be irrevocable and binding on the date Mexican Borrower and shall obligate the Mexican Borrower to accept the requested promptly remit to Administrative Agent at Administrative Agent's office Loan on the proposed Drawdown Date thereof. Each Mexican Revolving Credit Loan Request shall be in New York, New York the a minimum aggregate amount of such Revolver Lender's new Revolver Loan $500,000 or a whole multiple of $250,000 in immediately available funds, and upon receipt of such funds, unless to its actual knowledge any conditions precedent to such Revolver Loans have been neither met nor waived as provided herein, Administrative Agent shall promptly make such Revolver Loans available to Borrower. Unless Administrative Agent shall have received prompt notice from a Revolver Lender that such Revolver Lender will not make available to Administrative Agent such Revolver Lender's new Revolver Loan, Administrative Agent may in its discretion assume that such Revolver Lender has made such Revolver Loan available to Administrative Agent in accordance with this section, and Administrative Agent may if it chooses, in reliance upon such assumption, make such Revolver Loan available to Borrower. If and to the extent such Revolver Lender shall not so make its new Revolver Loan available to Administrative Agent, such Lender and Borrower severally agree to pay or repay to Administrative Agent within three days after demand the amount of such Revolver Loan together with interest thereon, for each day from the date such amount was made available to Borrower until the date such amount is paid or repaid to Administrative Agent, with interest at (i) the Federal Funds Rate, if such Lender is making such payment and (ii) the interest rate applicable at the time to the other new Revolver Loans made on such date, if Borrower is making such repayment. If neither such Revolver Lender nor Borrower pays or repays to Administrative Agent such amount within such three-day period, Administrative Agent shall, be entitled to recover from Borrower, on demand in lieu of the interest provided for in the preceding sentence, interest thereon at the Default Rate, calculated from the date such amount was made available to Borrower. The failure of any Revolver Lender to make any new Revolver Loan to be made by it hereunder shall not relieve any other Revolver Lender of its obligation hereunder, if any, to make its new Revolver Loan, but no Revolver Lender shall be responsible for the failure of any other Revolver Lender to make any new Revolver Loan to be made by such other Revolver Lenderexcess thereof.

Requests for Revolver Loans. Borrower must (a) The US Borrowers shall give to Administrative the Agent written notice in the form of Exhibit B-1 hereto (or telephonic notice promptly confirmed in writinga writing in the form of Exhibit B-1 hereto) of each US Revolver Loan requested hereunder (a "US Revolver Loan Request") no less than (a) one (1) Business Day prior to any requested Borrowing Drawdown Date of any US Revolver Loans Loan that is a Base Rate Loan or (b) three (3) Eurocurrency Business Days prior to be funded by any Drawdown Date of any US Revolver LendersLoan that is a Eurocurrency Rate Loan. Each such notice constitutes a "Borrowing Notice" hereunder and must: (a) shall specify (i) the aggregate principal amount in Dollars of any such Borrowing of new Base Rate Loans and the date on which such Base Rate Loans are to be advancedUS Revolver Loan requested, or (ii) the proposed Drawdown Date of such US Revolver Loan, (iii) the Interest Period for such US Revolver Loan, and (iv) the Type of such US Revolver Loan. Promptly upon receipt of any such notice, the Agent shall notify each of the Revolver Banks thereof. Each such notice shall be irrevocable and binding on the US Borrowers and shall obligate the US Borrowers to accept the US Revolver Loan requested from the Revolver Banks on the proposed Drawdown Date thereof. Each US Revolver Loan Request shall be in a minimum aggregate amount of any such Borrowing $2,000,000 or a larger integral multiple of new Eurodollar Loans, the date on which such Eurodollar Loans are to be advanced (which shall be the first day of the Interest Period which is to apply thereto), and the length of the applicable Interest Period; and$250,000. (b) be received by Administrative The Norwegian Borrower shall give to the Agent not later written notice in the form of Exhibit B-2 hereto (or telephonic notice confirmed in a writing in the form of Exhibit B-2 hereto) of each Norwegian Revolver Loan requested hereunder (a "Norwegian Revolver Loan Request") no less than 11:00 a.m., New York, New York time, on (a) one (1) Business Day prior to any Drawdown Date of any Norwegian Revolver Loan that is a Base Rate Loan or (b) three (3) Eurocurrency Business Days prior to any Drawdown Date of any Norwegian Revolver Loan that is a Eurocurrency Rate Loan. Each such notice shall specify (i) the day on which any such Base Rate Loans are to be madeprincipal amount of the Norwegian Revolver Loan requested, or (ii) the third Business Day preceding proposed Drawdown Date of such Norwegian Revolver Loan, (iii) the day on which any Interest Period for such Eurodollar Loans are to be made. Norwegian Revolver Loan, (civ) If any requested Borrowing the Type of such Norwegian Revolver Loans or portion thereof Loan, and (v) whether such Norwegian Revolver Loan is to be utilized by Borrower exclusively for working capital purposes (such Borrowing denominated in Dollars or such portion being called a "Working Capital Borrowing"), Borrower shall specify in the Borrowing Notice that such Borrowing or such portion is a Working Capital BorrowingKroner. In addition, any repayment of a Revolver Loan that is intended as a repayment of all or any part of the outstanding amount of one or more Working Capital Borrowings shall be so identified to the Administrative Agent at the time of such repayment. Each such written request or confirmation must be made in the form and substance of the "Borrowing Notice" attached hereto as Exhibit B, duly completed. Each such telephonic request shall be deemed a representation, warranty, acknowledgment and agreement by Borrower as to the matters which are required to be set out in such written confirmation. Upon Promptly upon receipt of any such Borrowing Noticenotice, Administrative the Agent shall give notify each Revolver Lender prompt notice of the terms Revolver Banks thereof. If all conditions precedent to Each such new Revolver Loans have been met, each Revolver Lender will notice shall be irrevocable and binding on the date Norwegian Borrower and shall obligate the Norwegian Borrower to accept the Norwegian Revolver Loan requested promptly remit from the Revolver Banks on the proposed Drawdown Date thereof. Each Norwegian Revolver Loan Request with respect to Administrative Agent at Administrative Agent's office an amount denominated in New York, New York the Dollars shall be in a minimum aggregate amount of such Revolver Lender's new $2,000,000 or a larger integral multiple of $250,000, and each Norwegian Revolver Loan Request with respect to an amount denominated in immediately available funds, and upon receipt of such funds, unless to its actual knowledge any conditions precedent to such Revolver Loans have been neither met nor waived as provided herein, Administrative Agent Kroner shall promptly make such Revolver Loans available to Borrower. Unless Administrative Agent shall have received prompt notice from be in a Revolver Lender that such Revolver Lender will not make available to Administrative Agent such Revolver Lender's new Revolver Loan, Administrative Agent may in its discretion assume that such Revolver Lender has made such Revolver Loan available to Administrative Agent in accordance with this section, and Administrative Agent may if it chooses, in reliance upon such assumption, make such Revolver Loan available to Borrower. If and to the extent such Revolver Lender shall not so make its new Revolver Loan available to Administrative Agent, such Lender and Borrower severally agree to pay or repay to Administrative Agent within three days after demand the minimum aggregate amount of such Revolver Loan together with interest thereon, for each day from the date such amount was made available to Borrower until the date such amount is paid NOK 15,000,000 or repaid to Administrative Agent, with interest at (i) the Federal Funds Rate, if such Lender is making such payment and (ii) the interest rate applicable at the time to the other new Revolver Loans made on such date, if Borrower is making such repayment. If neither such Revolver Lender nor Borrower pays or repays to Administrative Agent such amount within such three-day period, Administrative Agent shall, be entitled to recover from Borrower, on demand in lieu a larger integral multiple of the interest provided for in the preceding sentence, interest thereon at the Default Rate, calculated from the date such amount was made available to Borrower. The failure of any Revolver Lender to make any new Revolver Loan to be made by it hereunder shall not relieve any other Revolver Lender of its obligation hereunder, if any, to make its new Revolver Loan, but no Revolver Lender shall be responsible for the failure of any other Revolver Lender to make any new Revolver Loan to be made by such other Revolver LenderNOK 2,000,000.