Borrowing Procedures and Settlements Sample Clauses

Borrowing Procedures and Settlements. (a) Procedure for Borrowing. Each Borrowing shall be made by a request by an Authorized Person delivered to Lender (which notice must be received by Lender no later than 10:00 a.m. (California time) on the Business Day that is the requested Funding Date specifying (i) the amount of such Borrowing, and (ii) the requested Funding Date, which shall be a Business Day. At Lender's election, in lieu of delivering the above-described request in writing, any Authorized Person may give Lender telephonic notice of such request by the required time, with such telephonic notice to be confirmed in writing within 24 hours of the giving of such notice.
Borrowing Procedures and Settlements. (a) Each Revolving Facility Borrowing or a Borrowing of Other Revolving Loans shall be made by a written request by an Authorized Person delivered to the Administrative Agent (which may be delivered through the Administrative Agent’s electronic platform or portal) and received by the Administrative Agent no later than 2:00 p.m., Local Time, (i) on the Business Day that is the requested funding date in the case of a request for a Swingline Borrowing, (ii) on the Business Day that is one Business Day prior to the requested funding date in the case of a request for a Base Rate Borrowing, and (iii) on the Business Day that is three Business Days prior to the requested funding date in the case of all other requests, specifying (A) the amount of such Borrowing, and (B) the requested funding date (which shall be a Business Day); provided that the Administrative Agent may, in its sole discretion, elect to accept as timely requests that are received later than 2:00 p.m., Local Time, on the applicable Business Day. All Borrowing requests which are not made on-line via the Administrative Agent’s electronic platform or portal shall be subject to (and unless the Administrative Agent elects otherwise in the exercise of its sole discretion, such Borrowing shall not be made until the completion of) the Administrative Agent’s authentication process (with results satisfactory to the Administrative Agent) prior to the funding of any such requested Loan. Each such Borrowing request shall specify the following information in compliance with Section 2.02:
Borrowing Procedures and Settlements. 19 2.4 Payments.......................................................................................26 2.5 Overadvances...................................................................................28 2.6 Interest and Letter of Credit Fees: Rates, Payments, and Calculations.........................28 2.7
Borrowing Procedures and Settlements. 26 2.4. PAYMENTS....................................................................................... 27 2.5. [Intentionally Omitted]........................................................................ 30 2.6. INTEREST RATES: RATES, PAYMENTS, AND CALCULATIONS............................................. 30 2.7.
Borrowing Procedures and Settlements. (a) The Borrower shall give Lender prior telephonic notice (immediately confirmed in writing, in substantially the form of Exhibit N-1 hereto (a “Notice of Borrowing”)), not later than 10:00 a.m. (California time) on the date which is 3 Business Days prior to the date of the proposed Advance (or such shorter period as Lender is willing, in its sole discretion, to accommodate from time to time). Such Notice of Borrowing shall be irrevocable. If no election is specified in the Notice of Borrowing regarding the Interest Period applicable thereto or whether such portion of the Advances is a Base Rate Loan or a LIBOR Rate Loan, then the requested portion of the Advances shall be a Base Rate Loan. If no Interest Period is specified with respect to any requested LIBOR Rate Loan, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Lender may act without liability upon the basis of written, telecopied or telephonic notice believed by Lender in good faith to be from the Borrower (or from any Authorized Person thereof designated in writing purportedly from the Borrower to Lender). The Borrower hereby waives the right to dispute the Lender’s record of the terms of any such telephonic Notice of Borrowing. Lender shall be entitled to rely conclusively on any Authorized Person’s authority to request a Borrowing on behalf of the Borrower until Lender receives written notice to the contrary. Lender shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.
Borrowing Procedures and Settlements. 35 2.4 PAYMENTS...................................................... 42 2.5 OVERADVANCES.................................................. 47 2.6 INTEREST RATES AND LETTER OF CREDIT FEE: RATES, PAYMENTS, AND CALCULATIONS.............................................. 48 2.7
Borrowing Procedures and Settlements. 29 2.4 PAYMENTS........................................................30 2.5 OVERADVANCES....................................................31 2.6 INTEREST RATES AND LETTER OF CREDIT FEE.........................31 2.7
Borrowing Procedures and Settlements. 24 2.3 PAYMENTS................................................................................................24 2.4 OVERADVANCES............................................................................................26 2.5 INTEREST RATES AND LETTER OF CREDIT FEE: RATES, PAYMENTS, AND CALCULATIONS.............................26 2.6
Borrowing Procedures and Settlements. Section 2.3(i)(i)(A) is amended by deleting the phraseInventory Reserves” therein and substituting in lieu thereof the phrase “Additional Reserves”.
Borrowing Procedures and Settlements. (a) Each Advance shall be made on notice by Borrower to Agent at the address specified herein. Those notices must be given no later than (a) in the case of an Index Rate Loan borrowing, 11:30 a.m. (New York time) on the proposed date of such borrowing (but no later than 11:30 a.m. (New York time) at least one (1) Business Day prior to the proposed date of such borrowing in the case of a requested Index Rate Loan greater than $1,500,000), and (b) in the case of a LIBOR Rate Loan borrowing, 12:00 noon (New York time) at least three (3) Business Days prior to the proposed date of such borrowing. Each such notice (a “Notice of Advance”) must be given in writing (by email, telecopy or overnight courier) substantially in the form of Exhibit A and shall include the information required in such Exhibit. If Borrower desires to have the Advances bear interest by reference to a LIBOR Rate, Borrower must comply with Section 2.12. Agent shall notify each Revolving Lender promptly after receipt of a Notice of Advance of the details thereof by telecopy, telephone or other similar form of transmission. Each Revolving Lender shall, severally and not jointly, make the amount of such Lender’s Pro Rata Share of each Advance available to Agent in same day funds by wire transfer to Agent’s Account not later than 1:30 p.m. (New York time) on the requested funding date so that Agent may make such Advance available to Borrower in same day funds by wire transfer to Borrower’s Designated Account.