Common use of Revolving Credit Loan Requests; Conversions and Renewals Clause in Contracts

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2, by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR Rate Option applies or the conversion to or the renewal of the Term SOFR Rate Option for any Revolving Credit Loans; (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be (x) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Term SOFR Rate Option, (y) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 3 contracts

Samples: Credit Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.)

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Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent The Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. 12:00 p.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, F or a request by telephone immediately confirmed in writing by letter, facsimile facsimile, telex or telex other electronic means in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $500,000 or in a whole multiple of and not less than $100,000 in excess thereof 1,000,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) integral multiples of $500,000 or in a whole multiple of and not less than $100,000 in excess thereof 500,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 2 contracts

Samples: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Stewart Information Services Corp)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2, by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 2 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Timea.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, E or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Revolving Credit Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Revolving Credit Loan Request shall be irrevocable and shall specify (A) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, (B) if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $1,000,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (zC) $500,000 or if the Borrower so chooses, a term, expressed as a number of days (which shall in a whole multiple of $100,000 in excess thereof for each no event end later than the Expiration Date), beyond which such Borrowing Tranche under may not be outstanding (the Daily Simple SOFR Option.last day of such term the “Specified Maturity Date”). 33

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans, Term Loans or 2024 Incremental Term Loans pursuant to Section 4.2, by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, : (i) three (3) Business Days prior to the proposed Borrowing Date with respect to (a) the making of Revolving Credit Loans to which the Term SOFR Rate Option applies or (b) the conversion to or the renewal of the Term SOFR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of in each case, a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the Interest Rate Option and the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Term SOFR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Incremental Facility Amendment to Credit Agreement (Cadre Holdings, Inc.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Timea.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed E (which may be delivered by a Responsible Officer of the Borrowing Agente-mail), or a request by telephone immediately promptly confirmed in writing by letter, e-mail, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof 1,000,000.00 and not less than $1,000,000.00 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof 1,000,000.00 and not less than $1,000,000.00 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Credit Agreement (Factset Research Systems Inc)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to (a) the making of Revolving Credit Loans to which the Term BSBY Rate OptionTerm SOFR Rate Option applies or (b) the conversion to or the renewal of the Term BSBY Rate OptionTerm SOFR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, D or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of Five Hundred Thousand and 00/100 Dollars ($500,000 or in a whole multiple of 500,000.00) and not less than Two Million and 00/100 Dollars ($100,000 in excess thereof 2,000,000.00) for each Borrowing Tranche , and, if applicable, the Interest Period, under the Term BSBY Rate OptionTerm SOFR Rate Option, and (y) $500,000 or in a whole multiple not less than the lesser of $100,000 in excess thereof for each Borrowing Tranche under the Base Rate Option Two Million and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.00/100 Dollars

Appears in 1 contract

Samples: Credit Agreement (Erie Indemnity Co)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrowers may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans, Term Loans or Delayed Draw Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, , (i) three (3) Business Days prior to the proposed Borrowing Date (or such lesser period acceptable to the Administrative Agent) with respect to the making of Revolving Credit Loans denominated in Dollars to which the Term SOFR Rate Option applies or the conversion to or the renewal of the Term SOFR such Interest Rate Option for any Revolving Credit Loans; Loans denominated in Dollars; (ii) one four (14) Business Day Days prior to the proposed Borrowing Date (or such lesser period acceptable to the Administrative Agent and the Lenders) with respect to the making of Revolving Credit Loans denominated in Alternative Currencies to which the Daily Simple SOFR RFR Option applies or Term RFR Option applies, the conversion to a Daily Simple RFR Option or Term RFR Option, or the renewal of the Daily Simple SOFR a Term RFR Option for any Revolving Credit Loans and denominated in Alternative Currencies; and/or (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, in each case, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the Currency, the Type, and the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of the Dollar Equivalent of $500,000 or in a whole multiple and not less than the Dollar Equivalent of $100,000 in excess thereof 1,000,000 for each Borrowing Tranche under the a Term SOFR Rate Loan Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under a Daily Rate Loan Option. If no election as to Currency is specified in the Base Rate Option and (z) $500,000 or applicable Loan Request, then the requested Loans shall be made in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR OptionDollars.

Appears in 1 contract

Samples: Credit Agreement (ICF International, Inc.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR Rate Option applies or the conversion to or the renewal of the Term SOFR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Revolving Credit Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $500,000 or in a whole multiple of and not less than $100,000 in excess thereof 1,000,000 for each Borrowing Tranche under the Term SOFR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $250,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.” 1.09 Reference is hereby made to Section 4.1 of the Loan Agreement. Said Section 4.1 is hereby amended and restated as follows:

Appears in 1 contract

Samples: Loan Agreement (Pegasystems Inc)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR BSBY Rate Option applies or the conversion to or the renewal of the Term SOFR BSBY Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, D or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of Five Hundred Thousand and 00/100 Dollars ($500,000 or in a whole multiple of 500,000.00) and not less than Two Million and 00/100 Dollars ($100,000 in excess thereof 2,000,000.00) for each Borrowing Tranche under the Term SOFR BSBY Rate Option, and (y) not less than the lesser of Two Million and 00/100 Dollars 264461831 ($500,000 2,000,000.00) or in a whole multiple of $100,000 in excess thereof the maximum amount available for each Borrowing Tranche Tranches under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Revolving Credit Facility (Erie Indemnity Co)

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Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Timea.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, E or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Revolving Credit Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Revolving Credit Loan Request shall be irrevocable and shall specify (A) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, (B) if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $1,000,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (zC) $500,000 or if the Borrower so chooses, a term, expressed as a number of days (which shall in a whole multiple of $100,000 in excess thereof for each no event end later than the Expiration Date), beyond which such Borrowing Tranche under may not be outstanding (the Daily Simple SOFR Optionlast day of such term the “Specified Maturity Date”).

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2, by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, : (i) three (3) Business Days prior to the proposed Borrowing Date with respect to (a) the making of Revolving Credit Loans to which the Term SOFR Rate Option applies or (b) the conversion to or the renewal of the Term SOFR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of in each case, a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the Interest Rate Option and the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Term SOFR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent OP Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) 3:00 p.m. Eastern Time three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one 12:00 p.m. (1noon) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) Eastern Time, the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $1,000,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $1,000,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Credit Agreement (Aimco OP L.P.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Timea.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, E or a request by telephone immediately promptly confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof 1,000,000.00 and not less than $1,000,000.00 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof 1,000,000.00 and not less than $1,000,000.00 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.

Appears in 1 contract

Samples: Revolving Credit Facility (Factset Research Systems Inc)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.24.2 [Interest Periods], by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans denominated in Dollars to which the Term SOFR Eurocurrency Rate Option applies or the conversion to or the renewal of the Term SOFR Eurocurrency Rate Option for any Revolving Credit LoansLoans denominated in Dollars; (ii) one four (14) Business Day Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans denominated in Alternative Currencies to which the Daily Simple SOFR Eurocurrency Rate Option applies or the conversion to or the renewal of the Daily Simple SOFR Eurocurrency Rate Option for any Revolving Credit Loans denominated in Alternative Currencies; and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the Currency and the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of the Dollar Equivalent of $100,000 in excess thereof for each Borrowing Tranche under the Term SOFR Rate Option1,000,000, and (y) $500,000 or in a whole multiple integral multiples of $100,000 1,000,000. If no election as to Currency is specified in excess thereof for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or applicable Loan Request, then the requested Loans shall be made in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR OptionDollars.

Appears in 1 contract

Samples: Credit Agreement (EPAM Systems, Inc.)

Revolving Credit Loan Requests; Conversions and Renewals. Except as otherwise provided herein, the Borrowing Agent Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2, by delivering to the Administrative Agent, not later than 10:00 a.m. Eastern Time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Term SOFR LIBOR Rate Option applies or the conversion to or the renewal of the Term SOFR LIBOR Rate Option for any Revolving Credit Loans; and (ii) one (1) Business Day prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the Daily Simple SOFR Option applies or the conversion to or the renewal of the Daily Simple SOFR Option for any Revolving Credit Loans and (iii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit F, duly signed by a Responsible Officer of the Borrowing Agent, G or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Term SOFR LIBOR Rate Option, and (y) $500,000 or in a whole multiple integral multiples of $100,000 in excess thereof and not less than $500,000 for each Borrowing Tranche under the Base Rate Option and (z) $500,000 or in a whole multiple of $100,000 in excess thereof for each Borrowing Tranche under the Daily Simple SOFR Option.. ​ ​

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

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