Common use of Requests for Revolving Credit Loans Clause in Contracts

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent no later than (a) 11:00 a.m. on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any LIBOR Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein Holding L.P.)

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Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent no later than (a) 11:00 a.m. 12:00 noon on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any LIBOR Term SOFR Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Term SOFR Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alliancebernstein Holding L.P.), Revolving Credit Agreement (Alliancebernstein L.P.)

Requests for Revolving Credit Loans. (a) Each The Borrower requesting a Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit B hereto (or telephonic notice confirmed in a writing in the form of Exhibit C hereto) of each Revolving Credit Loan requested hereunder (a “Loan Request. Each such Loan Request must be received by the Administrative Agent ”) no later than (a) 11:00 a.m. on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any LIBOR Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein L.P.)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit C hereto (aor telephonic notice confirmed in a writing in the form of Exhibit C hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a “Revolving Credit Loan Request; provided that any telephonic notice must be confirmed immediately ”) by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent 11:00 a.m. (New York time) no later less than (a) 11:00 a.m. on one (1) Business Day prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $10,000,000 or 1,000,000 and shall be in an integral multiple multiples of $1,000,000 in excess thereof500,000 or, if less, the remaining unutilized amount of the Total Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (Seacastle Inc.)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan The Borrower shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit C hereto) of each Revolving Credit Loan requested hereunder (a “Revolving Credit Loan Request. Each such Loan Request must be received ”) by the Administrative Agent 11:00 a.m. (New York time) no later less than (a) 11:00 a.m. on one (1) Business Day prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $10,000,000 or 1,000,000 and shall be in an integral multiple multiples of $1,000,000 in excess thereof500,000 or, if less, the remaining unutilized amount of the Total Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of EXHIBIT C hereto (aor telephonic notice confirmed in a writing in the form of EXHIBIT C hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later less than (ai) 11:00 a.m. on 12:00 noon (Boston time) one (1) Business Day prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (bii) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (iA) the principal amount of the Revolving Credit Loan requested, (iiB) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (ivC) the Interest Period for such Revolving Credit Loan if and (D) the Type of such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 100,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

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

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent no later than (a) 11:00 a.m. 12:00 noon on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any LIBOR Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein Holding L.P.)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of EXHIBIT A attached hereto (aor telephonic notice confirmed in a writing in the form of EXHIBIT A attached hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (Aa "LOAN REQUEST") telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent no not later than (a) 11:00 a.m. 12:00 noon (Boston time) on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) 12:00 noon (Boston time) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be (A) in a minimum aggregate amount of $10,000,000 1,000,000 or an integral multiple thereof with respect to Base Rate Loans and (B) in a minimum aggregate amount of $2,000,000 or an integral multiple of $1,000,000 in excess thereofl,000,000 with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan The Borrower shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit D hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later than (a) 11:00 a.m. (Hartford, Connecticut time) on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Alternative Base Rate Loan and (b) three two (32) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Eurodollar Rate Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 1,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp Ii)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan TransTechnology shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent telephonic notice, confirmed in writing in the form of EXHIBIT B hereto, of each Revolving Credit Loan requested hereunder (a Loan Request. Each such Loan Request must be received by the Administrative Agent "REVOLVING CREDIT LOAN REQUEST") no later than 1:00 p.m. (Boston time) (a) 11:00 a.m. on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and Loan, or (b) three on the third (33rd) Eurocurrency Business Days Day prior to the proposed Drawdown Date of any LIBOR Eurocurrency Rate Loan. Each such notice Revolving Credit Loan Request shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of Interest Period for such Revolving Credit Loan, and (iv) the Interest Period for Type of such Loan if such Loan is a LIBOR Revolving Credit Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower requesting such Loan TransTechnology and shall obligate such Borrower TransTechnology to accept the Revolving Credit Loan requested from the Banks Lenders or, as the case may be, from the Administrative Agent on behalf of the Lenders, on the proposed Drawdown DateDate therefor. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $10,000,000 100,000, or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the ----------------------------------- Agent written notice in the form of Exhibit B hereto (aor telephonic notice ------- - confirmed in a writing in the form of Exhibit B hereto) Each of each Revolving Credit ------- - Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later than (a) 11:00 a.m. (Boston time) on the day of the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 500,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answer Think Consulting Group Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit B hereto (aor telephonic notice confirmed in a writing in the form of Exhibit B hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later than than (a) 11:00 a.m. (Boston time) on the day of the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 500,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answerthink Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit B hereto (aor telephonic notice confirmed in a writing in the form of Exhibit B hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later less than (a) 11:00 a.m. on one (1) Business Day prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof[**].

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

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Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit B hereto (aor telephonic notice confirmed in a writing in the form of Exhibit B hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later than (a) 11:00 a.m. (Boston time) on the day of the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 100,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Appnet Systems Inc)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan Borrower shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit C hereto) of each Revolving Credit Loan requested hereunder (a “Loan Request. Each such Loan Request must be received by the Administrative Agent ”) not later than 2:00 p.m. (Boston time) no later less than (a) 11:00 a.m. on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and two (b) three (32) Business Days prior to the proposed Drawdown Date of any LIBOR Base Rate Loan and (b) four (4) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Loan Request shall be irrevocable and binding on the applicable Borrower requesting such Loan and shall obligate such Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Loan Request relating to a Base Rate Loan shall be in a minimum aggregate amount of $10,000,000 or 500,000 and each Loan Request relating to a Eurodollar Rate Loan shall be in an integral multiple a minimum aggregate amount of $1,000,000 in excess thereof1,000,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (CAI International, Inc.)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan The Borrower shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later less than (ai) 11:00 10:00 a.m. on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan (which must be a Business Day) and (bii) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR LoanEurodollar Rate Loan (which must be a Business Day). Each such notice shall specify (iA) the principal amount of the Revolving Credit Loan requested, (iiB) the proposed Drawdown Date of such Revolving Credit Loan, (iiiC) the Interest Period for such Revolving Credit Loan and (D) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 5,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hvide Marine Inc)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan The Borrowers shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit A hereto (or telephonic notice confirmed in a writing in the form of Exhibit A hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request. Each such Loan Request must be received by the Administrative Agent no ") not later than 11:00 a.m. (Boston time) (a) 11:00 a.m. on one (1) Business Day prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan Borrowers and shall obligate such Borrower the Borrowers to accept the Revolving Credit Loan requested from the Banks Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 1,000,000 or in an integral multiple of $1,000,000 500,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Iesi Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit C hereto (aor telephonic notice confirmed in a writing in the form of Exhibit C hereto) Each of each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by requested hereunder (A) telephone, or (B) a "Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later less than (a) 11:00 a.m. on two (2) Business Days prior to the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof250,000.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Trailer Bridge Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of EXHIBIT B hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") (a) Each Revolving Credit Loan shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Request. Each such Loan Request must be received by the Administrative Agent no later than (a) 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Federal Funds Base Rate Loan or Alternate Base Federal Funds Rate Loan and (b) no less than three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Loan. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 500,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Freedom Securities Corp /De/)

Requests for Revolving Credit Loans. (a) Each Revolving Credit Loan The Borrower shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by (A) telephone, or (B) a Loan Request; provided that any telephonic notice must be confirmed immediately by delivery give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit D hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request. Each such Loan Request must be received by the Administrative Agent ") no later than (a) 11:00 a.m. (Charlotte, North Carolina time) on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Alternative Base Rate Loan and (b) three two (32) Eurodollar Business Days prior to the proposed Drawdown Date of any LIBOR Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan if such Loan is a LIBOR Eurodollar Rate Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower requesting such Loan and shall obligate such the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $10,000,000 1,000,000 or in an integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp)

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