Term Loan Borrowings. All Term Loan Borrowings shall be made on the Closing Date upon receipt of a Notice of Borrowing given by the applicable Borrower to the Administrative Agent not later than 12:00 noon (New York time) (i) one Business Day prior to the Closing Date, in the case of Base Rate Loans and (ii) three Business Days prior to the Closing Date, in the case of a Borrowing of Eurocurrency Rate Loans. The Notice of Borrowing shall specify (A) the Closing Date, (B) the aggregate amount of such proposed Borrowing denominated in Dollars, (C) whether any portion of the proposed Borrowings will be Base Rate Loans or Eurocurrency Rate Loans and (D) the initial Interest Period or Interest Periods for any such Eurocurrency Rate Loans. Term Loans shall be made as Base Rate Loans unless, subject to Section 2.14 (Special Provisions Governing Eurocurrency Rate Loans and BA Rate Loans), the Notice of Borrowing specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Each such Term Loan Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.
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Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.)
Term Loan Borrowings. (i) All Borrowings of Tranche B Term Loan Borrowings Loans shall be made on the Closing Date upon receipt of a Notice of Borrowing given by the applicable Borrower to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York timeTime) (i) one Business Day Date prior to the Closing Effective Date, in the case of a Borrowing of Base Rate Loans and (ii) three Business Days prior to the Closing Effective Date, in the case of a Borrowing of Eurocurrency Rate Loans. The Notice of Borrowing shall specify (A) the Closing Effective Date, (B) the aggregate amount of such proposed Borrowing denominated in DollarsBorrowings, (C) whether any portion of the proposed Borrowings will be of Base Rate Loans or Eurocurrency Rate Loans and (D) the initial Interest Period or Interest Periods for any such Eurocurrency Rate Loans. Tranche B Term Loans shall be made as Base Rate Loans unless, unless (subject to Section 2.14 (Special Provisions Governing Eurocurrency Rate Loans and BA Rate Loans), ) the Notice of Borrowing specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Each such .
(ii) All Borrowings of Delayed Draw Term Loan Borrowing Loans shall be in an aggregate amount made upon receipt of a Notice of Borrowing given by the Borrower to the Administrative Agent not less later than the Minimum Currency Threshold.11:00 a.m. (New York Time) (i) one Business Date prior to the
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Term Loan Borrowings. All Borrowings of Term Loan Borrowings Loans shall be made on the Closing Date upon receipt of a Notice of Borrowing given by the applicable Borrower to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York timeTime) (i) one Business Day prior to on the Closing Date, in the case of a Borrowing of Table of Contents Base Rate Loans and (ii) three Business Days prior to the Closing closing Date, in the case of a Borrowing of Eurocurrency Rate Loans. The Notice of Borrowing shall specify (A) the Closing Date, (B) the aggregate amount and, in the case of Tranche B Borrowings, the currency, of such proposed Borrowing denominated in Dollars, (C) whether any portion of the proposed Borrowings Borrowing will be of Base Rate Loans or Eurocurrency Rate Loans Loans, and (D) the initial Interest Period or Interest Periods for any such Eurocurrency Rate Loans. Term Loans shall be made as Base Rate Loans unless, and unless (subject to Section 2.14 (Special Provisions Governing Eurocurrency Rate Loans and BA Rate Loans), ) the Notice of Borrowing specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Each such Term Loan Borrowing Tranche B Euro Loans shall be in an aggregate amount of made as Eurocurrency Rate Loans and shall not less than the Minimum Currency Thresholdbe available as Base Rate Loans.
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