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) 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 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 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: Credit Agreement (Alliancebernstein L.P.), 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) 12:00 noon 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 Term SOFR 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 Term SOFR 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 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) 12:00 noon 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 Term SOFR 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 Term SOFR 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: Credit Agreement (Alliancebernstein L.P.), Revolving Credit Agreement (Alliancebernstein L.P.)

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) 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 Term SOFR 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 Term SOFR 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. (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 (a) 12:00 noon prior to 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate 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 Term SOFR 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 Term SOFR 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 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 Loan Request shall be in a minimum aggregate amount of $10,000,000 500,000 or in an integral multiple of $1,000,000 250,000 in excess thereof.

Appears in 1 contract

Samples: And Term Loan Agreement (Il Fornaio America Corp)

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Requests for Revolving Credit Loans. The Borrower shall give to the Bank 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) 12:00 noon (Boston time) on 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 Term SOFR 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, (iiiii) the Interest Period for such Revolving Credit Loan and (iv) the Type of such Revolving Credit Loan, Loan and (iv) shall be signed by both the Interest Period for such Loan if such Loan is a Term SOFR Loan. Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each President and Chief Financial Officer of the Banks thereofBorrower. 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 Bank 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 (Helix Technology 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 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 1:00 p.m. (aAtlanta time) 12:00 noon 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 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 if such Revolving Credit Loan is to be a Base Rate Loan. Each such Loan Request shall include a calculation of any Term SOFR Loanthe Borrowing Base. Each such notice shall specify (i) with respect to the principal amount of the requested Revolving Credit Loan requested, (ii) the proposed principal amount, Drawdown Date of such Revolving Credit LoanDate, (iii) the Type of such Revolving Credit Loan, and (iv) the Interest Period for such Loan (if such Loan is a Term SOFR Loanapplicable) and Type. Promptly upon receipt of any such Loan Requestnotice, the Administrative Agent shall notify each of the Banks thereof. Each such 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) 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 $10,000,000 1,000,000 or in an integral multiple of $1,000,000 100,000 in excess thereof; provided, however, that there shall be no more than ten (10) LIBOR Rate Loans outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Gramercy Capital Corp)

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