Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 6 contracts
Samples: Credit Facility Agreement (Exelis Inc.), Credit Facility Agreement (Xylem Inc.), Credit Facility Agreement (Exelis Inc.)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 a.m., New York City timeLocal Time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m.2:00 p.m., New York City timeLocal Time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing or an ABR Borrowing; (B) the currency of such Borrowing (which shall be Dollars or an Alternative Currency); (C) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 2 contracts
Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (ITT Inc.), Credit Facility Agreement (ITT Corp)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a the Borrower shall hand deliver deliver, e-mail or fax to the Administrative Agent a duly completed and executed Revolving Borrowing Request in the form of Exhibit A-5 (ia) in the case of a Eurocurrency Eurodollar Revolving Borrowing, not later than 10:30 a.m.1:00 p.m., New York City time, three Business Days before such Borrowing, the date of the requested Revolving Borrowing and (iib) in the case of an ABR Borrowing, not later than 10:30 a.m.1:00 p.m., New York City time, on the day of such the requested Revolving Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice Each such request shall be irrevocable and shall in each case specify (Ai) whether the Borrowing then being requested is to be a Eurocurrency Eurodollar Revolving Borrowing or an ABR Borrowing; (Bii) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (Ciii) if such Borrowing is to be a Eurocurrency Eurodollar Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such noticerequest, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Eurodollar Revolving Borrowing is specified in any such noticerequest, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice request given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 2 contracts
Samples: Revolving Credit Facility Agreement (Janus Capital Group Inc), Revolving Credit Facility Agreement (Janus Capital Group Inc)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax to the Administrative Agent telecopy (or transmit by electronic communication which attaches a duly completed Revolving Borrowing Request in accordance with the form requirements of Exhibit A-5 this Section 2.04) to the Administrative Agent’s Office a duly completed Revolving Borrowing Request (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 11:00 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Alternative Currency Term Rate Borrowing (other than a Borrowing denominated in Yen) or Alternative Currency Daily Rate Borrowing, not later than 10:30 11:00 a.m., New York City time, three Business Days before such Borrowing, (iii) in the case of an Alternative Currency Term Rate Borrowing denominated in Yen, not later than 11:00 a.m., New York City time, four Business Days before such Borrowing and (iv) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 11:00 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing or an Alternative Currency Term Rate Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing or Alternative Currency Term Rate Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Hartford Financial Services Group, Inc.)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax to the Administrative Agent telecopy (or transmit by electronic communication which attaches a duly completed Revolving Borrowing Request in accordance with the form requirements of Exhibit A-5 this Section 2.04) to the Administrative Agent’s Office a duly completed Revolving Borrowing Request (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 11:00 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Alternative Currency Term Rate Borrowing (other than a Borrowing denominated in Yen) or Alternative Currency Daily Rate Borrowing, not later than 10:30 11:00 a.m., New York City time, three Business Days before such Borrowing, (iii) in the case of an Alternative Currency Term Rate Borrowing denominated in Yen, not later than 11:00 a.m., New York City time, four Business Days before such Borrowing and (iv) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 11:00 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing or an Alternative Currency Term Rate Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing or Alternative Currency Term Rate Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this #95460429v5 Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Hartford Financial Services Group, Inc.)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax telecopy to the Administrative Agent Agent’s Office a duly completed Revolving Borrowing Request in the form of Exhibit A-5 hereto (i) in the case of a Eurocurrency Revolving BorrowingBorrowing denominated in US Dollars, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of a Eurocurrency Revolving Borrowing denominated in an ABR BorrowingAlternative Currency, not later than 10:30 a.m., New York City time, four Business Days before such Borrowing and (iii) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver fax (or fax transmit by electronic mail to xxxxxxxxxxxxxxxx@xxxxxxxxx.xxx) to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 A-1 (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the currency and Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no currency with respect to any Eurocurrency Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected a Eurocurrency Borrowing denominated in Dollars. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 2.03 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Five Year Revolving Credit Facility Agreement (Xylem Inc.)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax telecopy to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving BorrowingLoan, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing Loan or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving BorrowingLoan, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing Loan is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s 's portion of the requested Borrowing.
Appears in 1 contract
Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Itt Industries Inc)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax telecopy to the Administrative Agent Agent’s Office a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving BorrowingBorrowing denominated in US Dollars, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of a Eurocurrency Borrowing denominated in an ABR BorrowingAlternative Currency, not later than 10:30 a.m., New York City time, four Business Days before such Borrowing and (iii) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Hartford Financial Services Group Inc/De)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax to the Administrative Agent telecopy (or transmit by electronic communication which attaches a duly completed Revolving Borrowing Request in accordance with the form requirements of Exhibit A-5 this Section 2.04) to the Administrative Agent’s Office a duly completed Revolving Borrowing Request (i) in the case of a Eurocurrency Revolving Term SOFR Borrowing, not later than 10:30 11:00 a.m., New York City time, three two Business Days before such Borrowing, (ii) in the case of an Alternative Currency Term Rate Borrowing (other than a Borrowing denominated in Yen) or Alternative Currency Daily Rate Borrowing, not later than 11:00 a.m., New York City time, three Business Days before such Borrowing, and (iiiii) in the case of an ABR BorrowingAlternative Currency Term Rate Borrowing denominated in Yen, not later than 10:30 11:00 a.m., New York City time, four Business Days before such Borrowing and (iv) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 11:00 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Term SOFR Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Term SOFR Borrowing or an Alternative Currency Term Rate Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Term SOFR Borrowing or Alternative Currency Term Rate Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Hartford Financial Services Group, Inc.)
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver fax (or fax transmit by electronic mail to xxxxxxxxxxxxxxxx@xxxxxxxxx.xxx) to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 A (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 2.03 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver fax (or fax transmit by electronic mail to xxxxxxxxxxxxxxxx@xxxxxxxxx.xxx) to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 A-1 (i) in the case of a Eurocurrency Revolving Term Benchmark Borrowing, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Term Benchmark Borrowing or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving Term Benchmark Borrowing, the currency and Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no currency with respect to any Term Benchmark Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected a Term Benchmark Borrowing denominated in Dollars. If no Interest Period with respect to any Eurocurrency Revolving Term Benchmark Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 2.03 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax telecopy to the Administrative Agent Agent’s Office a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving BorrowingBorrowing denominated in US Dollars, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of a Eurocurrency Revolving Borrowing denominated in an ABR BorrowingAlternative Currency, not later than 10:30 a.m., New York City time, four Business Days before such Borrowing and (iii) in the case of a Base Rate Borrowing (including a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)), not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the amount and currency of the Borrowing then being requested requested, (B) if such Borrowing is to be denominated in US Dollars, whether such Borrowing is to be a Eurocurrency Revolving Borrowing or an ABR a Base Rate Borrowing; (BC) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (CD) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type currency of Revolving the Borrowing is specified in any such noticespecified, then the requested Revolving Borrowing shall be an ABR denominated in US Dollars. If no election as to the Type of Borrowing is specified for a Borrowing denominated in US Dollars, then the requested Borrowing shall be a Base Rate Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any LenderDate. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
Appears in 1 contract
Samples: Five Year Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)
Revolving Borrowing Procedure. In order to request a Revolving BorrowingBorrowing (other than a deemed Revolving Borrowing pursuant to Section 2.02(f), a as to which this Section 2.03 shall not apply), the Borrower shall hand deliver or fax telecopy to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (ia) in the case of a Eurocurrency Eurodollar Revolving Borrowing, not later than 10:30 11:00 a.m., New York City time, three Business Days before such a proposed Revolving Borrowing, and (iib) in the case of an ABR Borrowing, not later than 10:30 11:00 a.m., New York City time, on the same day of such as the proposed Revolving Borrowing. No Fixed Rate Loan Each Revolving Borrowing Request shall be requested or made pursuant to a Revolving Borrowing Request. Such notice irrevocable, shall be irrevocable signed by or on behalf of the Borrower and shall in each case specify the following information: (Ai) whether the Borrowing then being requested is to be a Eurocurrency Revolving Eurodollar Borrowing or an ABR Borrowing; provided, however, that, unless the Required Lenders otherwise agree, no Eurodollar Borrowing shall be requested or made if a Default or Event of Default has occurred and is continuing; (Bii) the date of such Revolving Borrowing (which shall be a Business Day), (iii) the number and location of the account to which funds are to be disbursed (which shall be an account that complies with the requirements of Section 2.02(c)); (iv) the amount thereofof such Revolving Borrowing; and (Cv) if such Revolving Borrowing is to be a Eurocurrency Eurodollar Revolving Borrowing, the Interest Period with respect thereto; provided, however, that, notwithstanding any contrary specification in any Revolving Borrowing Request, each requested Revolving Borrowing shall comply with the requirements set forth in Section 2.02. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Eurodollar Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s 's duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the applicable Lenders of any notice given pursuant to this Section 2.04 2.03 (and the contents thereof), and of each Lender’s 's portion of the requested Revolving Borrowing.
Appears in 1 contract
Revolving Borrowing Procedure. In order to request a Revolving Borrowing, a Borrower shall hand deliver or fax telecopy to the Administrative Agent a duly completed Revolving Borrowing Request in the form of Exhibit A-5 (i) in the case of a Eurocurrency Revolving Borrowing, not later than 10:30 a.m., New York City time, three Business Days before such Borrowing, and (ii) in the case of an ABR Borrowing, not later than 10:30 a.m., New York City time, on the day of such Borrowing. No Fixed Rate Loan shall be requested or made pursuant to a Revolving Borrowing Request. Such notice shall be irrevocable and shall in each case specify (A) whether the Borrowing then being requested is to be a Eurocurrency Revolving Borrowing or an ABR Borrowing; (B) the date of such Revolving Borrowing (which shall be a Business Day) and the amount thereof; and (C) if such Borrowing is to be a Eurocurrency Revolving Borrowing, the Interest Period with respect thereto. If no election as to the Type of Revolving Borrowing is specified in any such notice, then the requested Revolving Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurocurrency Revolving Borrowing is specified in any such notice, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any other provision of this Agreement to the contrary, no Revolving Borrowing shall be requested if the Interest Period with respect thereto would end after the Maturity Date in effect for any Lender. The Administrative Agent shall promptly advise each of the Lenders of any notice given pursuant to this Section 2.04 and of each Lender’s portion of the requested Borrowing.
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Samples: Credit Facility Agreement (ITT Corp)