BORROWING NOTICE; FUNDING Sample Clauses

BORROWING NOTICE; FUNDING. Whenever Borrower wishes to incur a Borrowing or to convert a Borrowing consisting of Alternate Base Rate Loans into a Borrowing consisting of LIBOR Rate Loans or vice versa, an Authorized Representative shall give the Agent notice of such Borrowing in a form approved by the Agent (a "Borrowing Notice") in the case of the incurrence of or conversion into a Alternate Base Rate Loan, one Business Day, and, in the case of the incurrence of or conversion into a LIBOR Rate Loan, three Business Days before the requested date of such Borrowing, specifying (a) the requested date of the Borrowing, (b) the amount of the Borrowing to be incurred or converted into, (c) whether the Borrowing to be incurred or converted into is to consist of Alternate Base Rate Loans or LIBOR Rate Loans, and (d) in the case of the incurrence of, or conversion into, a Borrowing consisting of LIBOR Rate Loans, the duration of the initial Interest Period; provided, however, that if a Borrowing Notice for the incurrence of Loans fails to specify whether the Borrowing is to consist of Alternate Base Rate Loans or LIBOR Rate Loans, it shall be deemed to specify Alternate Base Rate Loans. If a request for the conversion of Loans of one Type into a Borrowing consisting of Loans of another Type is not made in accordance with this Section 2.03, such Borrowing shall be converted into a Borrowing consisting of Alternate Base Rate Loans. Any Borrowing Notice received after noon (Miami time) shall be deemed received on the following Business Day. After receiving a Borrowing Notice, the Agent shall notify each Bank promptly, by telefax or by telephone confirmed by telefax, of the contents of such Borrowing Notice, of such Bank's Proportionate Share of such Borrowing and, in the case of a Borrowing consisting of LIBOR Rate Loans, of the applicable initial Interest Period. Prior to 2:00 p.m. (Miami time) on the Business Day requested for such Borrowing, each Bank shall make available to the Agent, at the Agent's Office, its Proportionate Share of such Borrowing in lawful money of the United States of America and same day funds. The Agent shall, subject to the satisfaction of the conditions set forth in Section 3, on such day credit the amounts so received by it in like funds to the Borrower's Account (provided that the amounts so received in respect of the initial Borrowing shall be used to repay indebtedness owed by the Borrower to Hellxx Xxxancial, Inc.). A Borrowing Notice, once given, shall be irrev...
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Related to BORROWING NOTICE; FUNDING

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

  • Borrowing Notices The Administrative Agent shall have received, in respect of any Revolving Loans to be made on the Closing Date, a completed Notice of Borrowing executed by the Borrower and otherwise complying with the requirements of Section 2.5.

  • Notice of Borrowing The Borrower shall request a Revolving Loan borrowing by written notice (or telephonic notice promptly confirmed in writing) to the Agent not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day prior to the date of the requested borrowing in the case of Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of Eurodollar Loans. Each such request for borrowing shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Base Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an applicable Interest Period in the case of a Eurodollar Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for a Base Rate Loan hereunder. The Agent shall give notice to each affected Lender promptly upon receipt of each Notice of Borrowing pursuant to this Section 2.1(b)(i), the contents thereof and each such Lender’s share of any borrowing to be made pursuant thereto.

  • Funding Request The Borrower hereby requests the Funding pursuant to Section 2.1 and Section 2.3 of the Loan Agreement.

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

  • Borrowing Requests Whenever the Borrower desires to make a ------------------ Borrowing hereunder, it shall give Advance Notice in the form of a Borrowing Request, specifying, subject to the provisions hereof, (i) the aggregate principal amount of the Loans to be made pursuant to such Borrowing, (ii) the date of Borrowing (which shall be a Business Day), (iii) whether the Loans being made pursuant to such Borrowing are to be ABR Loans or Eurodollar Loans, and (iv) in the case of Eurodollar Loans, the Interest Period to be applicable thereto.

  • Funding Notice Administrative Agent shall have received a fully executed and delivered Funding Notice.

  • Manner of Borrowing and Funding Revolver Loans Borrowings under the Commitments established pursuant to Section 1.1 hereof shall be made and funded as follows:

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Borrowing Request The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03.

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