Borrowing of the Loans. (a) Each borrowing shall be made upon the Borrower’s irrevocable notice to the Administrative Agent as provided herein. The aggregate principal amount requested to be borrowed at any one time must be greater than or equal to $5,000,000 or an integral multiple of $1,000,000 in excess thereof. Unless waived by the Lenders, such notice must be received by the Administrative Agent not later than 11:00 a.m. one Business Day, in the case of the initial notice, or three Business Days, in the case of any other notice, prior to the requested date of the borrowing. Each such notice shall be in the form of a Loan Notice which, among other things, shall specify (i) the requested date of the borrowing (which shall be a Business Day) and (ii) the principal amount of the Loan to be borrowed.
Borrowing of the Loans. (a) The Borrowing of the Loans shall be made upon the Borrower’s irrevocable Borrowing Request to the Administrative Agent and the Lenders in substantially the form of Exhibit B. Such Borrowing Request must be received by the Administrative Agent not later than 12:00 p.m. at least three (3) Business Days (or such later time as the Required Lenders and the Administrative Agent agree in their sole discretion) prior to the Closing Date. The Borrowing Request shall specify (i) the requested date of the borrowing (which shall be a Business Day), (ii) the principal amount of Loans to be borrowed (which shall be the entire amount of the Commitments), (iii) whether such Loans shall consist of ABR Loans and/or SOFR Loans, and (iv) wire instructions of the accounts to which funds are to be disbursed (or have a flow of funds or direction letter attached thereto directing the delivery of the funds).
Borrowing of the Loans. (a) Unless otherwise agreed by the Agent, the Additional DIP Commitment shall be advanced to the Borrower, subject to the terms and conditions set forth herein and subject to the terms and conditions of the DIP Order, as follows: (i) $300,000 upon delivery by the Borrower to the Agent of (x) all required modifications, amendments and waivers under the Eureka Moly LLC joint venture agreement as contemplated by the Restructuring Support Agreement, signed by the parties thereto, and (y) an amendment to the lease between Mount Hope Mines Inc. and Eureka Moly LLC as contemplated by the Restructuring Support Agreement, signed by the parties thereto, and (ii) $700,000 upon confirmation of the Plan of Reorganization.
Borrowing of the Loans. (a) The Borrowing of the Loans shall be made upon the Borrower’s irrevocable Borrowing Request to the Administrative Agent and the Lenders in substantially the form of Exhibit B. Such Borrowing Request must be received by the Administrative Agent not later than 12:00 p.m. at least three (3) Business Days (or such later time as the Required Lenders and the Administrative Agent agree in their sole discretion) prior to the requested date of the Borrowing. The Borrowing Request shall specify (i) the requested date of the borrowing (which shall be a Business Day), (ii) the Class of Loans to be borrowed,
