Common use of Borrowing Mechanics Clause in Contracts

Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), Borrowings shall be made on notice from the Borrower to the Payments Administrator, given not later than 1:00 P.M. New York City time on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 2 contracts

Samples: Credit Agreement (Mobile Field Office Co), Credit Agreement (Williams Scotsman Inc)

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Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), ------------------- Borrowings shall be made on notice from the Borrower to the Payments Administrator, given not later than 1:00 P.M. New York City time on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 2 contracts

Samples: Intercreditor Agreement (Jorgensen Earle M Co /De/), Credit Agreement (Jorgensen Earle M Co /De/)

Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), Borrowings shall be made on notice from the Borrower to the Payments Administrator, given not later than 1:00 P.M. New York City time on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 1 contract

Samples: Credit Agreement (Consumers Us Inc)

Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), Borrowings shall be made on notice from the Borrower to the Payments Administrator, given not later than 1:00 P.M. (New York City time time) on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 1 contract

Samples: Credit Agreement (Williams Scotsman Inc)

Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), Borrowings shall be made on notice from the Borrower to the Payments AdministratorAdministrative Agent, given not later than 1:00 P.M. (New York City time time) on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 1 contract

Samples: Credit Agreement (Williams Scotsman International Inc)

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Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c2.4(b), Borrowings shall be made on notice from the Borrower to the Payments AdministratorAdministrative Agent, given not later than 1:00 P.M. 10:00 A.M. (New York City time time) on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 1 contract

Samples: Security Agreement (Acg Holdings Inc)

Borrowing Mechanics. (a) Except as provided in Subject to Section 2.3(b) or (c1.03(b), Borrowings shall be made on notice from the either Borrower to the Payments Administrator, given not later than 1:00 2:00 P.M. New York City time on the first Business Day prior to the date on which the any proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.

Appears in 1 contract

Samples: Lockup Agreement (Philip Services Corp)

Borrowing Mechanics. (a) Except as provided in Section 2.3(b) or (c), Borrowings shall be made on notice from the Borrower to the Payments Administrator, given not later than 1:00 P.M. New York City time on the date on which the proposed Borrowing consisting of Base Rate Loans is requested to be made and on the third Business Day prior to the date on which any proposed Borrowing consisting of Eurodollar LIBOR Rate Loans is requested to be made.

Appears in 1 contract

Samples: Credit Agreement (Jorgensen Earle M Co /De/)

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