Requests for Revolving Advances Sample Clauses
Requests for Revolving Advances. The Borrower shall request a Revolving Advance by giving the Lender an Initial Advance Request in accordance with Section 5.01 or a Future Advance Request in accordance with Section 5.02, as applicable.
Requests for Revolving Advances. (a) Borrower shall request each Revolving Advance by delivering to Agent a Revolving Advance Request Form (i) stating the amount of the Revolving Advance, (ii) stating the date on which Borrower desires that the Revolving Advance be funded (which shall be a Business Day), (iii) stating the Type of the Revolving Advance, and (iv) if such Revolving Advance is a LIBOR Loan, designating the Interest Period thereof. Each Revolving Advance Request Form shall be delivered to Agent (i) in the case of each Revolving Advance which is to be an Alternate Base Rate Loan, not later than 11:00 a.m. on the date on which Borrower desires that the Revolving Advance be funded, and (ii) in the case of each Revolving Advance which is to be a LIBOR Loan, at least three (3) Business Days before the date on which Borrower desires that the Revolving Advance be funded; provided that (y) no Revolving Advance which is a LIBOR Loan may be in an amount which is less than $250,000.00, and (z) at any time there can be no more than eight (8) Interest Periods in effect for all LIBOR Loans. Borrower at any time may redesignate the amounts of, and Convert and Continue, the Revolving Advances, subject to the terms and provisions of this Agreement, including Sections 3.7, 3.8 and 3.9 hereof.
(b) Agent shall promptly notify each Lender of each request for a Revolving Advance. No later than 12:00 p.m. on the proposed date of any Revolving Advance hereunder, each Lender shall make available to Agent at its office specified herein in immediately available funds, its Pro Rata Share of such requested Revolving Advance. After Agent’s receipt of such funds and subject to the other terms and conditions of this Agreement, Agent shall make each Revolving Advance available to Borrower.
Requests for Revolving Advances. (a) Requests for Revolving Borrowings shall be given by the Borrowing Agent to the Agent not later than 1:00 p.m: (i) on the Business Day which is the requested date of a proposed Borrowing comprised of Alternate Base Rate Loans, (ii) on the Business Day which is three (3) Business Days before the requested date of a proposed Borrowing comprised of Libor Rate Loans denominated in Dollars, and (iii) on the Business Day which is five (5) Business Days before the requested date of a proposed Borrowing comprised of Libor Rate Loans denominated in an Alternative Currency. Each such request (a “Revolving Advance Request”) for Alternate Base Rate Loans shall be transmitted to the Agent by an Approved Electronic Communication (or if requested by the Agent, only by a request posted to the Agent’s StuckyNet System). Each Revolving Advance Request for Libor Rate Loans shall be transmitted to the Agent by the Borrowing Agent in a written or telephonic notice (in the case of a telephonic notice, promptly confirmed in writing if requested by the Agent). Each written Revolving Advance Request for Libor Rate Loans or written confirmation shall be substantially in the form of Exhibit C attached hereto, executed or otherwise acceptably authenticated by the Borrowing Agent and transmitted to the Agent in accordance with Section 15.8. Each Revolving Advance Request shall be irrevocable and binding on the Borrowers and be subject to the indemnification provisions of this Agreement. Each Revolving Advance Request shall specify the following information:
(i) the date of the proposed Borrowing, which shall be a Business Day;
(ii) the amount of the proposed Borrowing;
(iii) whether the resulting Borrowing is to consist of Alternate Base Rate Loans or Libor Rate Loans;
(iv) in the case of a proposed Borrowing of Libor Rate Loans, the duration of the initial Interest Period; and
(v) in the case of a proposed Borrowing of Libor Rate Loans, whether the Libor Rate Loans are to be denominated in Dollars or an Alternative Currency. If any such Revolving Advance Request requests a Borrowing consisting of Libor Rate Loans but does not specify an Interest Period, then the Borrowing Agent shall be deemed to have selected an Interest Period of one (1) month’s duration. No Libor Rate Loan shall be made available to the Borrowers during the continuance of a Default or an Event of Default other than Libor Rate Loans in an Alternative Currency having an Interest Period of one (1) month.
(b) Revol...
Requests for Revolving Advances. Whenever Borrower wishes to request a Revolving Advance, Borrower shall give Lender notice thereof in accordance with the Notice of Borrowing.
Requests for Revolving Advances. Borrower shall give Lender notice of each requested Revolving Advance by delivery to Lender of a Revolving Advance Request Form executed by an Authorized Representative, properly completed and containing the information required therein. Prior to making any Revolving Advance, Lender may require that Borrower deliver a Borrowing Base Certificate dated a recent date acceptable to Lender evidencing that the amount of the outstanding Revolving Advances plus the requested Revolving Advance plus the Letter of Credit Liabilities is less than the lesser of (a) the Commitment or (b) the Borrowing Base. Assuming that each Revolving Advance Request Form is in proper form, if Lender receives a Revolving Advance Request Form prior to 12:00 p.m. on any Business Day, Lender will make the requested Revolving Advance on the same Business Day, and if Lender receives a Revolving Advance Request Form at or after 12:00 p.m., Lender will make the requested Revolving Advance on the next Business Day. Revolving Advance Request Forms may be delivered by e-mail, scanned PDF or any other electronic method acceptable to Lender.
Requests for Revolving Advances. Not later than 10:00 a.m. San Francisco time at least 1 Business Day prior to a borrowing of Base Rate Advances and not later than 10:00 a.m. San Francisco time at least 3 Business Days prior to a borrowing of LIBOR Advances, the Borrower shall deliver to the Agent a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Advances to be borrowed, the date such Revolving Advances are to be borrowed (which must be a Business Day), the Type of the requested Revolving Advances, and if such Revolving Advances are to be LIBOR Advances, the initial Interest Period for such Revolving Advances. If the Borrower fails to indicate the Type of Revolving Advances being borrowed in a Notice of Borrowing, then the Borrower shall be deemed to have requested a borrowing of LIBOR Advances having an Interest Period of one month. Prior to delivering a Notice of Borrowing, the Borrower may request that the Agent provide the Borrower with a current quote of LIBOR. The Agent shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
Requests for Revolving Advances. The Borrower shall give to the Lender telephonic or written notice by no later than 2:00 p.m. on any Business Day on which it requests a Revolving Advance, specifying the amount and date of funding of each Revolving Advance requested. Provided that the Borrower has satisfied any conditions precedent for such Revolving Advance set forth in Section 4(b) of this Agreement, the Lender in its sole discretion may make the Revolving Advance to the Borrower within one Business Day of such request by crediting the Operating Account or as otherwise directed in writing by the Borrower or to issue the Letter of Credit within one Business Day of Borrower’s satisfaction of any conditions precedent to such issuance.”
Requests for Revolving Advances. Whenever LFC wishes to request a Revolving Advance, it shall give Lender notice thereof in accordance with the provisions of the New Revolving Note.
Requests for Revolving Advances. Not later than 1:00 p.m. Atlanta time at least 3 Business Days prior to a borrowing of LIBOR Advances, and one Business Day prior to a borrowing of a Base Rate Advance, the Borrower shall deliver to the Bank a Notice of Borrowing. Each Notice of Borrowing shall specify the aggregate principal amount of the Revolving Advances to be borrowed, the date such Revolving Advances are to be borrowed (which must be a Business Day), the Type of the requested Revolving Advances, and if such Revolving Advances are to be LIBOR Advances, the initial Interest Period for such Revolving Advances. If the Borrower fails to indicate the Type of Revolving Advances being borrowed in a Notice of Borrowing, then the Borrower shall be deemed to have requested a borrowing of LIBOR Advances having an Interest Period of one month. Prior to delivering a Notice of Borrowing, the Borrower may request that the Bank provide the Borrower with a current quote of LIBOR. The Bank shall provide such quoted rate to the Borrower on the date of such request or as soon as possible thereafter.
Requests for Revolving Advances. Whenever Borrower wishes to request a Revolving Advance, Borrower shall give Lender not less than five business days' advance written notice thereof in accordance with the provisions of the Note, provided that Lender shall fund the Revolving Advances related to the loans to Xxxxxxx Xxxxx and Xxxxx Xxxxxx within the later of one business day of the date of this Agreement or within one business day after Borrower's written request therefor.