Common use of Swingline Borrowing Requests Clause in Contracts

Swingline Borrowing Requests. The Borrower may request a Swingline Loan advance on any Business Day during the Commitment Period by providing notice thereof to the Swingline Lender and the Administrative Agent of such request by telephone not later than 1:30 P.M., New York City time, on day of such proposed advance. Each such telephonic borrowing request shall be confirmed promptly by hand delivery or telecopy to the Swingline Lender and the Administrative Agent of a written Swingline Borrowing Request signed by the Borrower. Each such telephonic request and each written Swingline Borrowing Request shall specify the following information: (i) the aggregate amount of the requested Swingline Loan; (ii) the date such Swingline is to be made, which shall be a Business Day; (iii) the interest rate which the Borrower requests be applicable to such Swingline Loan, and (v) the location and number of the Borrower's account to which funds are to be disbursed. Upon the acceptance of such Swingline Borrowing Request (the Swingline Lender being under no obligation to make any such requested Swingline Loan), such acceptance to be evidenced by the Swingline Lender's written acceptance of the Swingline Borrowing Request, the Swingline Lender shall notify the Administrative Agent of its acceptance of the Swingline Borrowing Request and shall make the Swingline Loan available to the Administrative Agent prior to 2:30 P.M, New York City time, on such Borrowing Date. The Administrative Agent shall disburse the Swingline Loan to the Borrower in accordance with the Swingline Borrowing Request of such Swingline Loan prior to 4:00 P.M. on such Business Day.

Swingline Borrowing Requests. The Borrower may request a Swingline Loan advance on any Business Day during the Commitment Period by providing notice thereof to the Swingline Lender and the Administrative Agent of such request by telephone not later than 1:30 P.M., New York City time, on day of such proposed advance. Each such telephonic borrowing request shall be confirmed promptly by hand delivery or telecopy to the Swingline Lender and the Administrative Agent of a written Swingline Borrowing Request signed by the Borrower. Each such telephonic request and each written Swingline Borrowing Request shall specify the following information: (i) the aggregate amount of the requested Swingline Loan; (ii) the date such Swingline is to be made, which shall be a Business Day; (iii) the interest rate which the Borrower requests be applicable to such Swingline Loan, and (v) the location and number of the Borrower's ’s account to which funds are to be disbursed. Upon the acceptance of such Swingline Borrowing Request (the Swingline Lender being under no obligation to make any such requested Swingline Loan), such acceptance to be evidenced by the Swingline Lender's ’s written acceptance of the Swingline Borrowing Request, the Swingline Lender shall notify the Administrative Agent of its acceptance of the Swingline Borrowing Request and shall make the Swingline Loan available to the Administrative Agent prior to 2:30 P.M, New York City time, on such Borrowing Date. The Administrative Agent shall disburse the Swingline Loan to the Borrower in accordance with the Swingline Borrowing Request of such Swingline Loan prior to 4:00 P.M. on such Business Day.