Common use of 03Borrowing Procedure Clause in Contracts

03Borrowing Procedure. (a) (a) To request a Revolving Borrowing or a Term Borrowing, the Borrower shall deliver a written request (by email through a “pdf” copy, or facsimile transmission (or transmit by other electronic transmission) if arrangements for doing so have been approved in writing by the Administrative Agent)), a duly completed and executed Borrowing Request to the Administrative Agent not later than 1:00 p.m., New York City time, on the third U.S. Government Securities Business Day before the date of the proposed Borrowing. Each Borrowing Request for a Revolving Loan or a Term Loan shall be irrevocable and shall specify the following information in compliance with Section 2.02: (i) the aggregate principal amount of such Borrowing, which shall comply with the requirements of Section 2.02(a) and, in the case of the initial Term Borrowing, Section 2.01(b); (ii) the date of such Borrowing, which shall be a Business Day; (iii) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period” contained herein; (iv) the location and number of the respective Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.02(c); and (v) that the conditions set forth in Sections 4.02(b) and (c) are satisfied as of the date of the notice; and. (vi) whether the requested Borrowing is to be a Revolving Borrowing or a Term Borrowing. If no Interest Period is specified with respect to any requested Borrowing, then the Borrower shall be deemed to have selected an Interest Period of three months’ duration. Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each applicable Lender of the details thereof and of the amount of such ▇▇▇▇▇▇’s Loan to be made as part of the requested Borrowing.

03Borrowing Procedure. (a) (a) To request a Revolving Borrowing or a Term Borrowing, the Borrower shall deliver a written request (deliver, by email through a “pdf” copy, hand delivery or facsimile transmission (or transmit by other electronic transmission) if arrangements for doing so have been approved in writing by the Administrative Agent))telecopier, a duly completed and executed Borrowing Request to the Administrative Agent Lender not later than 1:00 p.m.9:00 a.m., New York City time, on five Business Days (or, in the third U.S. Government Securities case of the initial Borrowing of the Tranche A Loan, four Business Day Days) before the date of the proposed Borrowing. Each Borrowing Request for a Revolving Loan or a Term Loan shall be irrevocable and shall specify the following information in compliance with Section 2.02: (ia) whether the requested Borrowing is to be a Borrowing of Revolving Loans, the Tranche A Loan or the Tranche B Loan; (b) the aggregate principal amount of such Borrowing, which shall comply with the requirements of Section 2.02(a) and, in the case of the initial Term Borrowing, Section 2.01(b); (iic) the date of such Borrowing, which shall be a Business Day; (iiid) whether such Borrowing is to be a Eurodollar Borrowing or, subject to the last sentence of this Section 2.03, an ABR Borrowing; (e) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “"Interest Period” contained herein"; (ivf) the location and number of the respective Borrower’s 's account to which funds are to be disbursed, which shall comply with the requirements of Section 2.02(c); and (vg) that the conditions set forth in Sections 4.02(b4.04(b)-(d) and (c) are have been satisfied as of the date of the notice; and. (vi) whether . If no election as to the Type of Borrowing is specified, then the requested Borrowing is to shall be a Revolving Eurodollar Borrowing or a Term Borrowingwith an Interest Period of one month duration. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of three months’ one month duration. Promptly following receipt of Notwithstanding anything herein to the contrary, the Borrower shall not have the right to request a Borrowing Request in accordance with this as an ABR Borrowing unless the Lender has delivered a notice pursuamt to Section 2.032.11 which, at the Administrative Agent shall advise each applicable Lender of the details thereof and of the amount of such ▇▇▇▇▇▇’s Loan to be made as part time of the requested Borrowing, continues in effect.