Initial Borrowing Request Sample Clauses

Initial Borrowing Request. To the extent that the outstanding principal amount of the Loans prior to giving effect to this Amendment is less than $47,000,000.00, the New Administrative Agent shall have received a Borrowing Request from the Borrower for a Loan in an amount equal to such deficiency.

Initial Borrowing Request. The Administrative Agent shall have received a fully-executed Borrowing Request.

Initial Borrowing Request. The obligation of Bank One ------------------------- to consider the initial Borrowing Request hereunder shall be subject to, in addition to the conditions precedent specified in Section 4.2, delivery to Bank ----------- One of the following (each of the following documents being duly executed and delivered by the Borrower and in form and substance satisfactory to Bank One and, with the exception of the Note, each in a sufficient number of originals that the Borrower and Bank One may have an executed original of each document): (a) This Agreement; (b) the Note; (c) a certificate of the Secretary or Assistant Secretary of the Borrower, dated on or after the date of this Agreement and certifying as to (i) resolutions of the board of directors of the Borrower which authorize the execution and delivery on behalf of the Borrower by certain officers of the Borrower of this Agreement and the Note, (ii) the incumbency of such officers, (iii) the validity of specimen signatures of such officers, and (iv) the articles of incorporation and by-laws of the Borrower as in effect on the date thereof; and (d) such other documents as Bank One may reasonably request at any time at or prior to the Requested Borrowing Date of the initial Borrowing Request hereunder.

Initial Borrowing Request. The obligation of BOIA to make ------------------------- Advances hereunder shall be subject to, in addition to the conditions precedent specified in Section 4.2, delivery to Bank One Trust Company, N.A. as custodian ----------- for the benefit of BOIA (addressed as follows: Bank One Trust Company, N.A., ▇▇▇ ▇. ▇▇▇▇▇▇▇ Road, Westerville, Ohio 43081, Attention: ▇▇▇▇▇ ▇▇▇▇▇▇), of each of the following (each of the following documents being duly executed and delivered by each of the parties thereto and in form and substance satisfactory to BOIA and, with the exception of the Note, each in a sufficient number of originals that the Borrower and BOIA may have an executed original of each document): (a) this Agreement; (b) the Note; (c) the Security Agreement; (d) the Custody Agreement; (e) the Backup Gestation Agreement; (f) a certificate of the Secretary or Assistant Secretary of the Borrower, dated as of the date of this Agreement and certifying as to (i) resolutions of the board of directors of the Borrower which authorize the execution and delivery on behalf of the Borrower by certain officers of the Borrower of this Agreement, the Note, the Security Agreement and the other Loan Documents to which it is a party, (ii) the incumbency of such officers, (iii) the validity of specimen signatures of such officers, and (iv) the articles of incorporation and by-laws of the Borrower as in effect on the date thereof; (g) a certificate from the Secretary of the Commonwealth of Virginia of a date no earlier than July 1, 1997 as to (i) the good standing of Borrower and (ii) the existence of Borrower; 191 (h) a certificate from the Secretary of the Commonwealth of Pennsylvania of a date no earlier than July 1, 1997 as to (i) the good standing of Borrower and (ii) the authority of Borrower to do business in Pennsylvania; and (i) such other documents as BOIA may reasonably request at any time at or prior to the Requested Borrowing Date of the initial Borrowing Request hereunder, including without limitation, UCC-1 financing statements identifying BOIA as "secured party" and the Borrower as "debtor."

Initial Borrowing Request. (a) To request Loans on the Effective Date, the Borrower shall notify the Administrative Agent of such request in writing (i) in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (ii) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the same day as the proposed Borrowing. Such Borrowing Request shall be irrevocable and in a form approved by the Administrative Agent and signed by the Borrower. Such Borrowing Request shall specify the following information: (i) the aggregate amount of the requested Borrowing; (ii) the date of such Borrowing, which shall be a Business Day; (iii) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; (iv) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (v) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04. If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.