Common use of Requests for Revolving Credit Loans Clause in Contracts

Requests for Revolving Credit Loans. The Borrower shall 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”) no later than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) 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 Type of such Revolving Credit Loan and (iv) in the case of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 5 contracts

Samples: Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp), Revolving Credit and Term Loan Agreement (Emmis Communications Corp)

AutoNDA by SimpleDocs

Requests for Revolving Credit Loans. The Borrower requesting any Revolving Credit Loan (other than a Revolving Credit Loan constituting an advance made on the Overdraft Facility) shall give to the Administrative Agent Agent, at the Agent's Head Office, written notice in the form of Exhibit B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (a) 11:00 10:30 a.m. (Dallas, Texas Boston time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate LoanLoan provided that any such notice requesting an Optional Currency must comply with the requirements of this ss.2.6 and the requirements of an OC Notice pursuant to ss.2.9.1. Each such notice shall specify (ia) the principal amount of the Revolving Credit Loan requested, stated in either Dollars, or, subject to ss.2.9 hereof, in an Optional Currency, (iib) the proposed Drawdown Date of such Revolving Credit Loan, (iiic) the Interest Period for such Revolving Credit Loan, (d) the Type of such Revolving Credit Loan and (ive) in the case Borrower's account to which payment of a Eurodollar Rate Loan, the Interest Period for proceeds of such Revolving Credit LoanLoan is to be made. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request for a Eurocurrency Rate Loan shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or an integral multiple thereof, and each Loan Request for a Base Rate Loan shall be in integral multiples a minimum aggregate amount of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 50,000 or in an integral multiples of $100,000 in excess multiple thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Genrad Inc), Revolving Credit Agreement (Genrad Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B A attached hereto (or telephonic notice confirmed in a writing in the form of Exhibit B A attached hereto) of each Revolving Credit Loan requested hereunder (a “Loan Request”) no not later than (a) 11:00 a.m. 12:00 noon (Dallas, Texas New York time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and Loan, (b) 11:00 a.m. 12:00 noon (Dallas, Texas New York time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate LoanLoan that is denominated in Dollars and (c) 12:00 noon (New York time) four (4) Business Days (or five (5) Business Days in the case of Loans denominated in Australian Dollars or a Special Notice Currency) prior to the proposed Drawdown Date of any Eurocurrency Rate Loan that is denominated in Alternative Currencies. 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, (iv) the Type of such Revolving Credit Loan and (ivv) in the case currency of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. If the Borrower fails to specify a currency in a Loan Request, then the Loan so requested shall be made in Dollars. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be (A) in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 1,000,000 or in integral multiples any whole multiple of $100,000 1,000,000 in excess thereof with respect to Base Rate Loans and (bB) in the case a minimum aggregate amount of Eurodollar $5,000,000 or an integral multiple of $l,000,000 with respect to Eurocurrency Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 2 contracts

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

Requests for Revolving Credit Loans. The applicable Borrower shall 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") no later less than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated in an Optional Currency must comply with the requirements of this ss.2.6 and the requirements of an OC Notice pursuant to ss.2.9(a). Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to ss.2.9 hereof, in an Optional Currency, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of Interest Period for such Revolving Credit Loan and (iv) in the case Type of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such noticenotice (but in any event on the day the Agent receives a request for a Revolving Credit Loan by the Company and by the day following the date the Agent receives a request for a Revolving Credit Loan by a Subsidiary Borrower), the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the requesting Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in an integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples multiple of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Revolving Credit Agreement (Holmes Products Corp)

Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Administrative Agent written notice in the form of Exhibit B hereto (or telephonic notice confirmed in a writing by telecopy on the same Business Day in the form of Exhibit B hereto) of each Revolving Credit Loan requested hereunder (a “Loan and Letter of Credit Request”) no not later than 11:00 a.m. Boston time (a) 11:00 a.m. (Dallas, Texas time) on the day that is no less than one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is no less than three (3) 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 such Revolving Credit Loan requestedLoan, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan and Loan, (iv) in the case of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan (if a Eurodollar Rate Loan. Promptly upon receipt ), and (v) the aggregate outstanding amount of any such notice, the Administrative Agent shall notify each of the all Revolving Credit Lenders Loans (including Swing Line Loans) after giving affect to all amounts requested and the aggregate Maximum Drawing Amount of all outstanding Letters of Credit. Each Revolving Credit Loan requested shall be in a minimum amount of $5,000,000, or in $1,000,000 additional increments thereof. Each Revolving Credit Loan Request requests made hereunder shall be irrevocable and binding on the Borrower Borrowers, and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)

Requests for Revolving Credit Loans. The Borrower requesting any Revolving Credit Loan shall give to the Administrative Agent Agent, at the Agent's Head Office, written notice in the form of Exhibit B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (a) 11:00 10:30 a.m. (Dallas, Texas Boston time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. two (Dallas, Texas time2) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate LoanLoan provided that any such notice requesting an Optional Currency must comply with the requirements of this ss.2.6 and the requirements of an OC Notice pursuant to ss.2.9.1. Each such notice shall specify (ia) the principal amount of the Revolving Credit Loan requested, stated in either Dollars, or, subject to ss.2.9 hereof, in an Optional Currency, (iib) the proposed Drawdown Date of such Revolving Credit Loan, (iiic) the Interest Period for such Revolving Credit Loan, (d) the Type of such Revolving Credit Loan and (ive) in the case Borrower's account to which payment of a Eurodollar Rate Loan, the Interest Period for proceeds of such Revolving Credit LoanLoan is to be made. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request for a Eurocurrency Rate Loan shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or an integral multiple thereof, and each Loan Request for a Base Rate Loan shall be in integral multiples a minimum aggregate amount of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 50,000 or in an integral multiples of $100,000 in excess multiple thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Revolving Credit Agreement (Genrad Inc)

Requests for Revolving Credit Loans. The Borrower shall 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") no later than (a) 11:00 a.m. (DallasNassau, Texas Bahamas time) on the day that is one five (15) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate Loan to be denominated in Euros; (b) 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan; (c) 11:00 a.m. (Nassau, Bahamas time) three (3) Business Days prior to the proposed Drawdown Date of any Eurocurrency Rate Loan to be denominated in Dollars; and (d) 11:00 a.m. (Nassau, Bahamas time) five (5) Business Days prior to the proposed Drawdown Date of any Eurocurrency Rate Loan to be denominated in an Optional Currency other than Dollars, provided, that any notice requesting a Revolving Credit Loan be made in an Optional Currency must comply with the requirements of this Section 2.6 and the requirements of an OC Notice pursuant to Section 2.9.1. Each such notice shall specify (ia) the principal amount of the Revolving Credit Loan requested, stated in either Euros, or, subject to Section 2.9 hereof, in an Optional Currency, (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) in the case of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of e10,000,000 (aor the Euro Equivalent thereof if requested on an Optional Currency) in the case or an integral multiple of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 e1,000,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cabot Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later less than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) 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 Type of such Revolving Credit Loan and Loan, (iv) in the case of if such Revolving Credit Loan is a Eurodollar Rate Loan, the Interest Period for such therefor, and (v) whether the Revolving Credit Loan requested shall be a Tranche A Loan or a Tranche C Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) the number of Eurodollar Rate Loans having different Interest Periods may be outstanding at any timetime shall not exceed ten. 2.5.

Appears in 1 contract

Samples: Revolving Credit (Emmis Communications Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Managing Agent written notice in the form of Exhibit B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later less than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) 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 Type of such Revolving Credit Loan and Loan, (iv) in the case of if such Revolving Credit Loan is a Eurodollar Rate Loan, the Interest Period for such therefor, and (v) whether the Revolving Credit LoanLoan requested shall be a Tranche A Loan or a Tranche C Loans. Promptly upon receipt of any such notice, the Administrative Managing Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) the number of Eurodollar Rate Loans having different Interest Periods may be outstanding at any timetime shall not exceed ten.

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B EXHIBIT A hereto (or telephonic notice confirmed in a writing in the form of Exhibit B EXHIBIT A hereto) of each Revolving Credit Loan requested hereunder (a “Loan Request”"LOAN REQUEST") no later than (a) on or prior to 11:00 a.m. (Dallas, Texas Boston time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Prime Rate Loan and (b) by 11:00 a.m. (Dallas, Texas Boston time) on or prior to the day that is three (3) third Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan; PROVIDED that no Eurodollar Rate Loan shall be requested, and the Lenders shall have no obligation to advance Eurodollar Rate Loans, if a Default or Event of Default shall have occurred and be continuing. 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 Interest Period for such Revolving Credit Loan and (iv) in the case Type of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request for a Prime Rate Loan shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in an integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples multiple of $100,000 in excess thereof; provided, that no more than twelve (12) . Each Loan Request for a Eurodollar Rate Loans having different Interest Periods may Loan shall be outstanding at any timein a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

Requests for Revolving Credit Loans. The Borrower shall 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 hereunder, which shall be substantially in the form of Exhibit A attached hereto or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower (a “Loan Request”) no ), not later than (a) 11:00 a.m. 12:00 noon (Dallas, Texas New York time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and Loan, (b) 11:00 a.m. 12:00 noon (Dallas, Texas New York time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate LoanLoan that is denominated in Dollars and (c) 12:00 noon (New York time) four (4) Business Days (or five (5) Business Days in the case of Loans denominated in Australian Dollars or a Special Notice Currency) prior to the proposed Drawdown Date of any Eurocurrency Rate Loan that is denominated in Alternative Currencies. 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, (iv) the Type of such Revolving Credit Loan and (ivv) in the case currency of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. If the Borrower fails to specify a currency in a Loan Request, then the Loan so requested shall be made in Dollars. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be (A) in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 1,000,000 or in integral multiples any whole multiple of $100,000 1,000,000 in excess thereof with respect to Base Rate Loans and (bB) in the case a minimum aggregate amount of Eurodollar $5,000,000 or an integral multiple of $l,000,000 with respect to Eurocurrency Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

AutoNDA by SimpleDocs

Requests for Revolving Credit Loans. (a) The Borrower Domestic Borrowers shall give to the Administrative Agent written notice in the form of Exhibit B EXHIBIT B-1 hereto (or telephonic notice confirmed in a writing by telecopy on the same Business Day in the form of Exhibit B EXHIBIT B-1 hereto) of each Domestic Revolving Credit Loan requested hereunder (a "Loan and Letter of Credit Request") not later than 11:00 a.m. Boston time (i) no later less than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (bii) 11:00 a.m. (Dallas, Texas time) on the day that is no less than three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (iA) the principal amount of the such Domestic Revolving Credit Loan requestedLoan, (iiB) the proposed Drawdown Date of such Domestic Revolving Credit Loan, (iiiC) the Type of such Domestic Revolving Credit Loan and (iv) in the case of a Eurodollar Rate Loan, (D) the Interest Period for such Domestic Revolving Credit Loan (if a Eurodollar Rate Loan), and (E) the aggregate outstanding amount of all Swing Line Loans. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Each Domestic Revolving Credit Lenders Loan requested shall be in a minimum amount of $5,000,000, or in $1,000,000 additional increments thereof. Each such Domestic Loan Request request shall reflect the Maximum Drawing Amount of all Domestic Letters of Credit outstanding and the amount of Domestic Revolving Credit Loans outstanding (including Swing Line Loans). Domestic Revolving Credit Loan requests made hereunder shall be irrevocable and binding on the Borrower Domestic Borrowers, and shall obligate the Borrower Domestic Borrowers to accept the Domestic Revolving Credit Loan requested from the Domestic Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Kti Inc)

Requests for Revolving Credit Loans. The Borrower TransTechnology shall 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 "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 Base Rate Loan, or (Dallas, Texas timeb) on the day that is one third (13rd) Eurocurrency Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar 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 33 -26- Revolving Credit Loan, (iii) the Type of Interest Period for such Revolving Credit Loan Loan, and (iv) in the case Type of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower TransTechnology and shall obligate the Borrower TransTechnology to accept the Revolving Credit Loan requested from the Revolving Credit Lenders or, as the case may be, from the 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 (a) in the case of Base Rate Loans$100,000, $500,000 or in an integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess multiple thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B G hereto (or telephonic notice confirmed in a writing in the form of ------- - Exhibit B G hereto) of each Revolving Credit Loan requested hereunder (a "Loan ------- - Request") no later than 10:00 a.m. (Central Standard Time) (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan, provided, however, the Borrower -------- ------- shall not request any LIBOR Rate Loan with an Interest Period of more than one month until the earlier to occur of (i) the date on which the Agent notifies the Borrower that the Loans hereunder have been syndicated to the satisfaction of the Agent or (ii) the date which is sixty (60) days following the Closing Date, and all Interest Periods during such period shall end on the same date. 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 Interest Period for such Revolving Credit Loan and (iv) in the case Type of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request for a Base Rate Loan shall be in a minimum aggregate amount of (a) $100,000 or a larger integral multiple of $100,000, and each Loan Request for a LIBOR Rate Loan shall be in the case a minimum aggregate amount of Base Rate Loans, $500,000 or in a larger integral multiples multiple of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time100,000. 2.7.

Appears in 1 contract

Samples: Credit Agreement (Jackson Products Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B attached hereto (or telephonic notice confirmed in a writing in the form of Exhibit B attached hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than 11:00 a.m. (Boston time) (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan, provided, however, the Borrower shall not request any Eurodollar Rate Loan with an Interest Period longer than one (1) month until the date which is the earlier of (A) ninety (90) days following the Closing Date and (B) the date on which the Agent notifies the Borrower in writing that syndication has been completed. 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 Interest Period for such Revolving Credit Loan and (iv) in the case Type of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request for a Base Rate Loan shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in a larger integral multiples multiple of $100,000 in excess thereof 100,000, and (b) in the case of each Loan Request for a Eurodollar Rate Loans, Loan shall be in a minimum aggregate amount of $1,000,000 or in a larger integral multiples multiple of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time100,000.

Appears in 1 contract

Samples: Revolving Credit Agreement (Jordan Telecommunication Products Inc)

Requests for Revolving Credit Loans. The Borrower shall 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") no later less than (a) 11:00 a.m. (Dallas, Texas time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 11:00 a.m. (Dallas, Texas time) on the day that is three (3) 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 Type of such Revolving Credit Loan Loan, and (iv) in the case of if such Revolving Credit Loan is a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loantherefor. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks in writing of such notice and of the contents thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in integral multiples of $100,000 in excess thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.;

Appears in 1 contract

Samples: Term Loan Agreement (Emmis Communications Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit B C hereto (or telephonic notice confirmed in a writing ------- - in the form of Exhibit B C hereto) of each Revolving Credit Loan ------- - requested hereunder (a "Loan Request") no later than (ai) 11:00 a.m. prior to 1:00 p.m. (Dallas, Texas Boston time) on the day that is one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (bii) 11:00 a.m. no less than four (Dallas, Texas time) on the day that is three (34) Eurodollar Business Days prior to the proposed Drawdown Date of any 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, (iiiC) the Interest Period for such Revolving Credit Loan (D) whether such Loan is to be a Tranche A Loan or a Tranche B Loan, and (E) the Type of such Revolving Credit Loan and (iv) in the case of a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Revolving Credit Lenders Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be accompanied by a notice setting forth the borrowing availability of the Borrower taking into account the most recent Borrowing Base Report delivered to the Agent pursuant to ss.8.4(f) hereof and reflecting (i) usage of the credit facilities hereunder since the date of such Borrowing Base Report and (ii) drawdown and repayments of the Revolving Credit Loans. Each Loan Request for a Eurodollar Rate Loan shall be in a minimum aggregate amount of (a) in the case of Base Rate Loans, $500,000 or in integral multiples of $100,000 in excess thereof and (b) in the case of Eurodollar Rate Loans, $1,000,000 or in an integral multiples of $100,000 in excess multiple thereof; provided, that no more than twelve (12) Eurodollar Rate Loans having different Interest Periods may be outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Fairfield Communities Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.