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") no less than (a) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any 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 Section 2.6 and the requirements of an OC Notice pursuant to Section 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 Section 2.9.1 hereof, in an Optional Currency (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. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the 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 Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 in excess thereof.
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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 (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 less than as of (a) one (1) on or before noon, Mountain Standard Time, on the Business Day prior to of the proposed Drawdown Date of any Base Rate Loan and (b) no less than three (3) LIBOR Business Days prior to the proposed Drawdown Date of any Eurocurrency LIBOR Rate Loan; provided that, provided that in any such notice requesting a calendar year, the Banks shall have no obligation to honor more than twenty-four (24) Revolving Credit Loan denominated 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(a)Requests hereunder. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (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. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $1,000,000 500,000 or an integral a whole multiple of $500,000 250,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit Agreement (Weider Nutrition International Inc)
Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of Exhibit EXHIBIT B hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no less later than (a) one 12:00 noon (1Boston time) on the Business Day prior to of the proposed Drawdown Date of any Base Prime Rate Loan and (b) three 10:00 a.m. (3Boston time) on the date two (2) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) the Interest Period for such Revolving Credit Loan and (ivz) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $1,000,000 200,000 or an a larger integral multiple of $500,000 in excess thereof50,000.
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Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Agent telephonic and written notice in the form of Exhibit B hereto (or telephonic such written notice confirmed in a writing to be in the form of Exhibit B hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no less than )
(a) one (1) Business Day prior to 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three prior to 1:00 p.m. (3Boston time) on the third Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such written notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) if a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan and (ivz) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon Upon receipt of any such noticenotices, the Agent shall promptly notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $1,000,000 250,000 or an integral multiple of $500,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Dave & Busters 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"”) no less later than 1:00 p.m. (aAtlanta time) two (2) Business Days prior to the proposed Drawdown Date if such Revolving Credit Loan is to be a LIBOR Rate Loan or no later than 1:00 p.m. (Atlanta time) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any Eurocurrency Rate Loan, provided that any if such notice requesting a Revolving Credit Loan denominated in an Optional Currency must comply with is to be a Base Rate Loan. Each such Loan Request shall include a calculation of the requirements of this Section 2.6 and the requirements of an OC Notice pursuant to Section 2.9(a)Borrowing Base. Each such notice shall specify (i) with respect to the principal amount of the requested Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (ii) the proposed principal amount, Drawdown Date of such Revolving Credit LoanDate, (iii) the Interest Period for such Revolving Credit Loan (if applicable) and (iv) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business DayType. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each such Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be (a) for a Base Rate Loan in the minimum aggregate amount of $1,000,000 or an integral multiple of $100,000 in excess thereof, or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $1,000,000 or an integral multiple of $500,000 100,000 in excess thereof; provided, however, that there shall be no more than ten (10) LIBOR Rate Loans outstanding at any one time.
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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 less later than (ai) one (110:00 a.m.(Boston time) on the Business Day prior to of the proposed Drawdown Date of any Base Rate Loan and (bii) 12:00 noon (Boston time) three (3) LIBOR Business Days prior to the proposed Drawdown Date of any Eurocurrency LIBOR Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (iA) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (iiB) the proposed Drawdown Date of such Revolving Credit Loan, (iiiC) in the case of LIBOR Rate Loans the Interest Period for such Revolving Credit Loan and (ivD) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the 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 Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000 500,000 or an integral multiple of $500,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric 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 (a "Loan Request") no less than (ai) 10:00 a.m. one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan (which must be a Business Day) and (bii) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting Loan (which must be a Revolving Credit Loan denominated 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(aBusiness Day). Each such notice shall specify (iA) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 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 (ivD) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the 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 Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000 5,000,000 or an integral multiple of $500,000 1,000,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Hvide Marine Inc)
Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Administrative Agent written notice in the form of Exhibit EXHIBIT B hereto (or telephonic notice confirmed in a writing by telecopy on the same Business Day in the form of Exhibit EXHIBIT B hereto) of each Revolving Credit Loan requested hereunder (a "Loan RequestLOAN AND LETTER OF CREDIT REQUEST") not later than 11:00 a.m. Boston time (a) no less than (a) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) no less than three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (i) the principal amount of the such Revolving Credit Loan requestedLoan, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Type of such Revolving Credit Loan, (iv) the Interest Period for such Revolving Credit Loan (if a Eurodollar Rate Loan), and (ivv) the Type aggregate outstanding amount of such all Revolving Credit LoanLoans (including Swing Line Loans) after giving affect to all amounts requested and the aggregate Maximum Drawing Amount of all outstanding Letters of Credit. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any dayEach Revolving Credit Loan requested shall be in a minimum amount of $5,000,000, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks 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 Banks Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be in 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 and Term Loan Agreement (Casella Waste Systems Inc)
Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Administrative Agent written notice in the form of Exhibit B EXHIBIT C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B EXHIBIT C hereto) of each Revolving Credit Loan requested hereunder (a "Loan RequestLOAN REQUEST") no less not later than 11:00 a.m. (Boston time) (a) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (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. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower 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 $1,000,000 500,000 or an integral multiple of $500,000 100,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Iesi Tx Corp)
Requests for Revolving Credit Loans. The Borrower Company 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 less later than (a) 1:00 p.m. (New York City time) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) 1:00 p.m. (New York City time) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (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. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower Company and shall obligate the Borrower Company to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000 3,000,000 or an a greater integral multiple of $500,000 in excess thereof.
Appears in 1 contract
Samples: Multicurrency Revolving Credit and Term Loan Agreement (Samsonite Holdings 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 "Revolving Credit Loan Request") no less later than (a) one 12:00 noon (1Boston time) on the Business Day prior to of the proposed Drawdown Date of any Base Prime Rate Loan and (b) 10:00 a.m. (Boston time) on the date three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) the Interest Period for such Revolving Credit Loan and (ivz) the Type of such Revolving Credit Loan. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate 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 $1,000,000 or an integral multiple of $500,000 in excess thereof.Each
Appears in 1 contract
Samples: Revolving Credit Agreement (Bridgestreet Accommodations 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 less than (a) one (1) Business Day prior to 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three prior to 1:00 p.m. (3Boston time) on the third Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurocurrency Eurodollar Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated 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(a). Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (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. To the extent the Agent receives such notice by 11:00 a.m. (Boston time) on any day, it shall provide the Banks with notice on such date, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks 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 Banks Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000 500,000 or an integral multiple of $500,000 250,000 in excess thereof.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Il Fornaio America Corp)