Common use of 4Borrowing Requests Clause in Contracts

4Borrowing Requests. Whenever Borrower desires that the Lenders make a Loan advance, Borrower shall deliver to the Agent a fully executed Funding Notice no later than 11:00 a.m. (Delaware time)) at least ten (10) Business Days in advance of the applicable Credit Date (or such shorter time as may be acceptable to the Agent in its reasonable discretion) and, promptly upon receipt thereof, the Agent shall notify each Lender with an outstanding commitment, of the proposed borrowing. A Funding Notice shall be irrevocable on and after the date of receipt thereof by the Agent, and the Borrower shall be bound to make a borrowing in accordance therewith. Any borrowing shall (i) be in an aggregate principal amount of no less than $250,000, and integral multiples of $50,000 in excess of that amount (or if less, the remaining outstanding Total Loan Commitment), and (ii) in no event exceed the lesser of (A) the remaining outstanding Total Loan Commitment and (B) the Borrowing Base then in effect. Any Loans advanced hereunder shall be funded ratably by each of the Lenders holding any outstanding Commitments hereunder. Unless otherwise consented to by the Agent or the Required Lenders, no more than one (1) credit extension may be made in any calendar month period; provided that multiple intra-month funding requests will be accommodated by the Required Lenders on a best-efforts basis.