Common use of Requests for Revolving Credit Loans Clause in Contracts

Requests for Revolving Credit Loans. The Borrowers shall 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") 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 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. 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 Borrowers and shall obligate the 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 $1,000,000 or an integral multiple of $500,000 in excess thereof.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Iesi Corp)

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Requests for Revolving Credit Loans. The Borrowers Each Borrower shall give to the Administrative Agent written notice in the form of Exhibit A C hereto (or telephonic notice confirmed in a writing in the form of Exhibit A C hereto) of each Revolving Credit Loan requested hereunder (a "β€œLoan Request"”) not later than 11:00 a.m. 2:00 p.m. (Boston time) no less than (a) one two (12) Business Day Days prior to the proposed Drawdown Date of any Base Rate Loan and (b) three four (34) 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. 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 Borrowers applicable Borrower and shall obligate the Borrowers such Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request relating to a Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 or an integral multiple 500,000 and each Loan Request relating to a Eurodollar Rate Loan shall be in a minimum aggregate amount of $500,000 in excess thereof1,000,000.

Appears in 1 contract

Samples: Assignment and Assumption (CAI International, Inc.)

Requests for Revolving Credit Loans. The Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit A C hereto (or telephonic notice confirmed in a writing in the form of Exhibit A C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") not (i) no later than 11:00 10:00 a.m. (Boston time) (a) one (1) Business Day prior to on the proposed Drawdown Date of any Base Rate Loan Loan, and (bii) 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 Revolving Credit Loan requested, (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. 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 Borrowers Borrower and shall obligate the Borrowers 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 $1,000,000 2,000,000 or an integral multiple multiples of $500,000 1,000,000 in excess thereof. 2.7.

Appears in 1 contract

Samples: Revolving Credit Agreement (Watts Industries Inc)

Requests for Revolving Credit Loans. The Borrowers shall give to the Administrative Agent written notice in the form of Exhibit A EXHIBIT C hereto (or telephonic notice confirmed in a writing in the form of Exhibit A EXHIBIT C hereto) of each Revolving Credit Loan requested hereunder (a "Loan RequestLOAN REQUEST") 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 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. 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 Borrowers and shall obligate the 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 $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 Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit EXHIBIT A attached hereto (or telephonic notice confirmed in a writing in the form of Exhibit EXHIBIT A attached hereto) of each Revolving Credit Loan requested hereunder (a "Loan RequestLOAN REQUEST") not later than 11:00 a.m. (a) 12:00 noon (Boston time) (a) one (1) Business Day prior to on the proposed Drawdown Date of any Base Rate Loan and (b) 12:00 noon (Boston time) 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 Interest Period for such Revolving Credit Loan and (iv) the Type of 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 Borrowers Borrower and shall obligate the Borrowers Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall be (A) in a minimum aggregate amount of $1,000,000 or an integral multiple thereof with respect to Base Rate Loans and (B) in a minimum aggregate amount of $500,000 in excess thereof2,000,000 or an integral multiple of $l,000,000 with respect to Eurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

Requests for Revolving Credit Loans. The Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit A C hereto (or telephonic notice confirmed in a writing in the form of Exhibit A C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") not later no less than 11:00 a.m. (Boston time) (a) one two (12) Business Day Days 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 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. 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 Borrowers Borrower and shall obligate the Borrowers 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 $1,000,000 or an integral multiple of $500,000 in excess thereof250,000.

Appears in 1 contract

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

Requests for Revolving Credit Loans. The Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit A EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of Exhibit A EXHIBIT B attached hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") not (a) no later than 11:00 a.m. (Boston time) (a) one (1) Business Day prior to on 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 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. 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 Borrowers Borrower and shall obligate the Borrowers 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 $1,000,000 500,000 or an integral multiple of $500,000 in excess thereof.

Appears in 1 contract

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

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Requests for Revolving Credit Loans. The Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit A C hereto (or telephonic notice confirmed in a writing in the form of Exhibit A C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") not later than (a) 11:00 a.m. (Boston time) (a) one (1) Business Day prior to on the proposed Drawdown Date of any Base Rate Loan and (b) three 11:00 a.m. (3Boston time) two (2) 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. 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 Borrowers Borrower and shall obligate the Borrowers Borrower to accept the Revolving Credit Loan requested from the Revolving Credit Lenders Banks on the proposed Drawdown Date. Each Loan Request shall for a Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 or an a larger integral multiple of $500,000 100,000 in excess thereof, and each Loan Request for a Eurodollar Rate Loan shall be in a minimum aggregate amount of $5,000,000 or a larger integral multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Western Digital Corp)

Requests for Revolving Credit Loans. The Borrowers Borrower shall give to the Administrative Agent written notice in the form of Exhibit A EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of Exhibit A EXHIBIT B hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") not (a) no later than 11:00 a.m. (Boston time) (a) one (1) Business Day prior to on the proposed Drawdown Date of any Base Rate Loan or Federal Funds Rate Loan and (b) 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 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. 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 Borrowers Borrower and shall obligate the Borrowers 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 $1,000,000 500,000 or an integral multiple of $500,000 in excess thereof.

Appears in 1 contract

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

Requests for Revolving Credit Loans. The Borrowers shall give to the Administrative Agent telephonic and written notice (such written notice to be in the form of Exhibit A hereto (or telephonic notice confirmed in a writing in the form of Exhibit A B hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") not later than 11:00 a.m. (a) prior to 1:00 p.m. (Boston time) (a) one (1) Business Day prior to 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 Eurodollar Rate Loan. Each such written notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, (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. Promptly upon Upon receipt of any such noticenotices, the Administrative Agent shall promptly notify each of the Revolving Credit Lenders Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrowers and shall obligate the Borrowers to accept the Revolving Credit Loan requested from the Revolving Credit Lenders 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: Credit and Term Loan Agreement (Dave & Busters Inc)

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