Common use of U.S. Dollar Borrowings Clause in Contracts

U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires to incur U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings), it shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) of the proposed Borrowing of LIBOR Loans, and (B) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) of the proposed Borrowing of ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10, shall be irrevocable and shall specify (1) the aggregate principal amount of the U.S. Dollar Revolving Credit Loans to be made pursuant to such Borrowing, (2) the date of the proposed Borrowing (which shall be a Business Day), (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (x) if such Borrowing is requested to be made prior to the Third Amendment Effective Date, to each Initial U.S. Dollar Lender or (y) if such Borrowing is requested to be made on or after the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, of such U.S. Dollar Lender’s proportionate share thereof and of the other matters covered by the related Notice of Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:

Appears in 2 contracts

Samples: Credit Agreement (Avago Technologies Finance Pte. Ltd.), Credit Agreement (Avago Technologies LTD)

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U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires In order to incur request a Borrowing (other than a Swingline Loan) consisting of U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings)Loans, it the Borrower shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written or telecopy notice (or telephonic telephone notice promptly confirmed in writingwriting or by telecopy) (a) in the case of the a Eurodollar Borrowing, not later than 12:00 noon, Eastern Standard Time, two Business Days before a proposed Borrowing of LIBOR Loans, and (Bb) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) the case of the proposed Borrowing of an ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10not later than 12:00 noon, Eastern Standard Time, on the Business Day of a proposed Borrowing. Any such notice of Borrowing shall be irrevocable, shall be irrevocable substantially in the form of Exhibit H-1 hereto and shall in each case refer to this Amended Agreement and specify (1i) whether the aggregate principal amount of the U.S. Dollar Revolving Credit Loans Borrowing then being requested is to be made pursuant to such a Eurodollar Borrowing or an ABR Borrowing, ; (2ii) the date of the proposed such Borrowing (which shall be a Business Day), ) and the amount thereof; and (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (xiii) if such Borrowing is requested to be made a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month's duration. If the Borrower shall not have given notice in accordance with this Section 2.04(a) of its election to refinance a Revolving Credit Borrowing prior to the Third Amendment Effective Dateend of the Interest Period in effect for such Borrowing, to each Initial U.S. Dollar Lender or then the Borrower shall (y) if unless such Borrowing is requested to be made on or after repaid at the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, end of such U.S. Dollar Lender’s proportionate share thereof Interest Period) be deemed to have given notice of an election to refinance such Borrowing with an ABR Borrowing. The Administrative Agent shall, by 2:00 p.m. Eastern Standard Time, on the day it receives a notice hereunder from the Borrower, advise the applicable Lenders of any notice given pursuant to this Section 2.04(a) and of each Lender's portion of the other matters covered by the related Notice of requested Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires In order to incur request a Borrowing (other than a Swingline Loan) consisting of U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings)Loans, it a Borrower shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written or telecopy notice (or telephonic telephone notice promptly confirmed in writingwriting or by telecopy) at the Applicable Office (a) in the case of the a Eurodollar Borrowing, not later than 12:00 noon, Applicable Time, three Business Days before a proposed Borrowing of LIBOR Loans, and (Bb) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) the case of the proposed Borrowing of an ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10not later than 12:00 noon, Applicable Time, on the Business Day of a proposed Borrowing. Any such notice of Borrowing shall be irrevocable, shall be irrevocable substantially in the form of Exhibit H-1 hereto and shall in each case refer to this Agreement and specify (1i) whether the aggregate principal amount of the U.S. Dollar Revolving Credit Loans Borrowing then being requested is to be made pursuant to such a Eurodollar Borrowing or an ABR Borrowing, ; (2ii) the date of the proposed such Borrowing (which shall be a Business Day), ) and the amount thereof; and (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (xiii) if such Borrowing is requested to be made a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then such Borrower shall be deemed to have selected an Interest Period of one month’s duration. If such Borrower shall not have given notice in accordance with this Section 2.04(a) of its election to refinance a Revolving Credit Borrowing prior to the Third Amendment Effective Dateend of the Interest Period in effect for such Borrowing, to each Initial U.S. Dollar Lender or then such Borrower shall (y) if unless such Borrowing is requested to be made on or after repaid at the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, end of such U.S. Dollar Interest Period) be deemed to have given notice of an election to refinance such Borrowing with an ABR Borrowing. The Administrative Agent shall promptly, but no later than 2:00 p.m., Applicable Time, on the day it receives a notice hereunder from a Borrower, advise the applicable Lenders of any notice given pursuant to this Section 2.04(a) and of each Lender’s proportionate share thereof and portion of the other matters covered by the related Notice of requested Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires In order to incur request a Borrowing (other than a Swingline Loan) consisting of U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings)Loans, it a Borrower shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written or telecopy notice (or telephonic telephone notice promptly confirmed in writingwriting or by telecopy) at the Applicable Office (a) in the case of the a Eurodollar Borrowing, not later than 12:00 noon, Applicable Time, three Business Days before a proposed Borrowing of LIBOR Loans, and (Bb) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) the case of the proposed Borrowing of an ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10not later than 12:00 noon, Applicable Time, on the Business Day of a proposed Borrowing. Any such notice of Borrowing shall be irrevocable, shall be irrevocable substantially in the form of Exhibit H-1 hereto and shall in each case refer to this Amended Agreement and specify (1i) whether the aggregate principal amount of the U.S. Dollar Revolving Credit Loans Borrowing then being requested is to be made pursuant to such a Eurodollar Borrowing or an ABR Borrowing, ; (2ii) the date of the proposed such Borrowing (which shall be a Business Day), ) and the amount thereof; and (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (xiii) if such Borrowing is requested to be made a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then such Borrower shall be deemed to have selected an Interest Period of one month's duration. If such Borrower shall not have given notice in accordance with this Section 2.04(a) of its election to refinance a Revolving Credit Borrowing prior to the Third Amendment Effective Dateend of the Interest Period in effect for such Borrowing, to each Initial U.S. Dollar Lender or then such Borrower shall (y) if unless such Borrowing is requested to be made on or after repaid at the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, end of such U.S. Dollar Lender’s proportionate share thereof and Interest Period) be deemed to have given notice of the other matters covered by the related Notice of an election to refinance such Borrowing with an ABR Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:The Administrative Agent shall promptly, but no later than 2:00 p.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

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U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires In order to incur request a Borrowing (other than a Swingline Loan) consisting of U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings)Loans, it the Borrower shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written or telecopy notice (or telephonic telephone notice promptly confirmed in writingwriting or by telecopy) (a) in the case of the a Eurodollar Borrowing, not later than 12:00 noon, Eastern Standard Time, three Business Days before a proposed Borrowing of LIBOR Loans, and (Bb) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) the case of the proposed Borrowing of an ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10not later than 12:00 noon, Eastern Standard Time, on the Business Day of a proposed Borrowing. Any such notice of Borrowing shall be irrevocable, shall be irrevocable substantially in the form of Exhibit H-1 hereto and shall in each case refer to this Amended Agreement and specify (1i) whether the aggregate principal amount of the U.S. Dollar Revolving Credit Loans Borrowing then being requested is to be made pursuant to such a Eurodollar Borrowing or an ABR Borrowing, ; (2ii) the date of the proposed such Borrowing (which shall be a Business Day), ) and the amount thereof; and (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (xiii) if such Borrowing is requested to be made a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period of one month's duration. If the Borrower shall not have given notice in accordance with this Section 2.04(a) of its election to refinance a Revolving Credit Borrowing prior to the Third Amendment Effective Dateend of the Interest Period in effect for such Borrowing, to each Initial U.S. Dollar Lender or then the Borrower shall (y) if unless such Borrowing is requested to be made on or after repaid at the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, end of such U.S. Dollar Lender’s proportionate share thereof Interest Period) be deemed to have given notice of an election to refinance such Borrowing with an ABR Borrowing. The Administrative Agent shall promptly, but no later than 2:00 p.m. Eastern Standard Time, on the day it receives a notice hereunder from the Borrower, advise the applicable Lenders of any notice given pursuant to this Section 2.04(a) and of each Lender's portion of the other matters covered by the related Notice of requested Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

U.S. Dollar Borrowings. Whenever the Singaporean Borrower or any U.S. Borrower desires In order to incur request a Borrowing (other than a Swingline Loan) consisting of U.S. Dollar Revolving Credit Loans (other than borrowings to repay Unpaid Drawings)Loans, it a Borrower shall give the Asian Administrative Agent at such Administrative Agent’s Office, (A) prior to 12:00 Noon (Hong Kong time) at least three Business Days’ prior written or telecopy notice (or telephonic telephone notice promptly confirmed in writingwriting or by telecopy) at the Applicable Office (a) in the case of the a Eurodollar Borrowing, not later than 12:00 noon, Applicable Time, three Business Days before a proposed Borrowing of LIBOR Loans, and (Bb) prior to 12:00 Noon (Hong Kong time) at least two Business Days’ prior written notice (or telephonic notice promptly confirmed in writing) the case of the proposed Borrowing of an ABR Loans. Each such Notice of Borrowing, except as otherwise expressly provided in Section 2.10not later than 12:00 noon, Applicable Time, on the Business Day of a proposed Borrowing. Any such notice of Borrowing shall be irrevocable, shall be irrevocable substantially in the form of Exhibit H-1 hereto and shall in each case refer to this Amended Agreement and specify (1i) whether the aggregate principal amount of the U.S. Dollar Revolving Credit Loans Borrowing then being requested is to be made pursuant to such a Eurodollar Borrowing or an ABR Borrowing, ; (2ii) the date of the proposed such Borrowing (which shall be a Business Day), ) and the amount thereof; and (3) whether the respective Borrowing shall consist of ABR Loans or LIBOR Revolving Credit Loans and, if LIBOR Revolving Credit Loans, the Interest Period to be initially applicable thereto. Such Administrative Agent shall promptly give a written notice (or telephonic notice promptly confirmed in writing) of each proposed U.S. Dollar Borrowing (xiii) if such Borrowing is requested to be made a Eurodollar Borrowing, the Interest Period with respect thereto. If no election as to the Type of Borrowing is specified in any such notice, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period with respect to any Eurodollar Borrowing is specified in any such notice, then such Borrower shall be deemed to have selected an Interest Period of one month’s duration. If such Borrower shall not have given notice in accordance with this Section 2.04(a) of its election to refinance a Revolving Credit Borrowing prior to the Third Amendment Effective Dateend of the Interest Period in effect for such Borrowing, to each Initial U.S. Dollar Lender or then such Borrower shall (y) if unless such Borrowing is requested to be made on or after repaid at the Third Amendment Effective Date, to each U.S. Dollar Lender, in each case, end of such U.S. Dollar Interest Period) be deemed to have given notice of an election to refinance such Borrowing with an ABR Borrowing. The Administrative Agent shall promptly, but no later than 2:00 p.m., Applicable Time, on the day it receives a notice hereunder from a Borrower, advise the applicable Lenders of any notice given pursuant to this Section 2.04(a) and of each Lender’s proportionate share thereof and portion of the other matters covered by the related Notice of requested Borrowing. (g) by inserting a new Section 2.16 (Third Amendment Effective Date) immediately following Section 2.15 (Conversion of Malaysian Revolving Credit Facility) as follows:.

Appears in 1 contract

Samples: Credit Agreement (Robbins & Myers Inc)

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