Borrowings of Revolving Loans. (a) Each Borrowing shall be made upon the Lead Borrower’s notice to the Agent. Each notice by the Lead Borrower pursuant to this Section must be delivered to the Agent in writing not later than 12:00 p.m. on the requested date of the requested Revolving Loan. Each Borrowing shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Revolving Loan Notice shall specify (i) the requested date of the Borrowing (which shall be a Business Day) and (ii) the principal amount of Revolving Loans to be borrowed.
Borrowings of Revolving Loans. (a) Each Revolving Borrowing shall be made upon the Borrower's irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) two Business Days prior to the requested date of any Revolving Borrowing of Revolving Offshore Rate Loans and (ii) on the requested date of any Revolving Borrowing of Revolving Base Rate Loans. Each telephonic notice by the Borrower pursuant to this clause (a) must be confirmed promptly by delivery to the Administrative Agent of a written Revolving Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Revolving Borrowing of Revolving Offshore Rate Loans shall be in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Revolving Borrowing of Base Rate Loans shall be in a principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof. Each Revolving Loan Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Revolving Borrowing, a conversion of Revolving Loans from one Type to the other, or a continuation of Revolving Offshore Rate Loans (such conversion or continuation to be made in accordance with Section 2.16), (ii) the requested date of the Revolving Borrowing (which shall be a Business Day), (iii) the principal amount of Revolving Loans to be borrowed, (iv) the Type of Revolving Loans to be borrowed and (v) if applicable, the duration of the Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Revolving Loan Notice, then the applicable Revolving Loans shall be made as Revolving Base Rate Loans. If the Borrower requests a Revolving Borrowing of Revolving Offshore Rate Loans in any such Revolving Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.
Borrowings of Revolving Loans. (a) Borrower Representative shall give written notice (each such notice, a “Notice of Borrowing”) substantially in the form of Exhibit 1.5 to the Agent of each proposed borrowing of Revolving Loans not later than 10:00 a.m. (New York time) five (5) Business Days prior to the proposed date of such borrowing. Each borrowing of a Revolving Loan shall be in a principal amount of $500,000 and integral multiples of $100,000 in excess thereof (or, if less, the entire Revolving Loan Commitment then available). Each notice will be effective upon receipt by the Agent, will be irrevocable and must specify the date, amount and Type of borrowing; provided that (i) the amount of each borrowing request with respect to Revolving Loans shall be in accordance with the Budget delivered to the Agent pursuant to Section 2.1(j) or 4.2(e) and (ii) notwithstanding any provision of this Agreement to the contrary, Borrowers may not request, and the Lenders will not be required to fund, any borrowing of any Loan that is not a LIBOR Rate Loan unless, subject to and as more particularly described in Article X, LIBOR is unavailable or unlawful.
Borrowings of Revolving Loans. (a) Each Revolving Borrowing shall be made upon the Borrower Agent’s irrevocable notice to the Administrative Agent. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. on the date of the proposed Borrowing.
Borrowings of Revolving Loans. Each Borrowing (other than a Borrowing made pursuant to the last paragraph of Section 2.06(c)) shall be made upon a Borrower’s irrevocable notice to Lender in the form of a Committed Loan Notice. Each such notice must be received by Lender not later than 12:00 pm, two (2) Business Days prior to the requested date of any Borrowing. Each Committed Loan Notice shall be accompanied by a completed Borrowing Base Certificate, duly executed by a Responsible Officer that is a party to the Validity Guaranty, and shall specify (i) the requested date of the Borrowing (which shall be a Business Day), and (ii) the principal amount of the Borrowing being requested, and shall be accompanied by supporting information reasonably acceptable to Lender.
Borrowings of Revolving Loans. (a) Each Revolving Borrowing shall be made upon the Company's irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. on the requested date of any Revolving Borrowing. Each telephonic notice by the Company pursuant to this SECTION 2.03(a) must be confirmed promptly by delivery to the Administrative Agent of a written Revolving Loan Notice, appropriately completed and signed by a Responsible Officer of the Company. Each Revolving Borrowing shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof. Each Revolving Loan Notice (whether telephonic or written) shall specify (i) the requested date of the Revolving Borrowing (which shall be a Business Day), and (ii) the principal amount of Revolving Loans to be borrowed.
Borrowings of Revolving Loans. 20 3.4 Mandatory Payment: Reduction of Commitments....................24 3.5
Borrowings of Revolving Loans. (a) Other than as provided in subsection 3.3(b), Borrowings shall be made on notice from the Borrower to the Agent, given not later than 12:00 noon (New York City time) on the Business Day on which the proposed Borrowing consisting of Prime Rate Loans is requested to be made and on the third Business Day prior to the date of any proposed Borrowing consisting of Eurodollar Rate Loans is requested to be made.
Borrowings of Revolving Loans. (a) Each Borrowing of Revolving Loans shall be made upon any Borrower’s irrevocable written notice to Agent (which may be made by facsimile), appropriately completed and signed by a Responsible Officer. Each such notice must be received by Agent not later than 11:00 a.m. three Business Days prior to the requested date of any Borrowing of Revolving Loans. Each notice by any Borrower pursuant to this Section 2.02(a) (including by facsimile) must be in the form attached hereto as Exhibit A. Each Borrowing of Revolving Loans shall be in a principal amount of $100,000 or a whole multiple of $25,000 in excess thereof. Each Draw Certificate shall specify (i) the requested date of the Borrowing of Revolving Loans (which shall be a Business Day) and (ii) the principal amount of Revolving Loans to be borrowed.
Borrowings of Revolving Loans. (a) Each Revolving Borrowing after the Closing Date shall be made upon the Borrower’s notice to the Administrative Agent, which may be given by telephone. Each telephonic notice by the Borrower pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Revolving Loan Notice, appropriately completed and signed by a Responsible Officer of each of the Borrowers. Each Revolving Borrowing outstanding shall be automatically continued for the next Interest Period on the last day of the prior Interest Period. Except as otherwise provided herein, a Eurodollar Rate Loan may be continued only on the last day of an Interest Period for such Eurodollar Rate Loan. For the avoidance of doubt, an automatic continuation of a Revolving Borrowing shall not be deemed to be a new Credit Extension.
