Initial Borrowings. The obligation of any Lender to make its initial Loan on the occasion of the initial Borrowing is subject to the satisfaction of the conditions set forth in Section 3.1 and the following conditions (provided, however, that in the event the Lender makes its initial Loan, such conditions will be deemed to be satisfied or waived, as applicable):
Initial Borrowings. The initial Borrowings hereunder shall be ------------------ made on the Closing Date and shall be made on notice received by the Administrative Agent from the Borrower (pursuant to a Notice of Borrowing) not later than 9:00 a.m. (Los Angeles, California time) (or such later time as the Administrative Agent may agree) on the Business Day immediately preceding the Closing Date. Such Notice of Borrowing shall be irrevocable upon receipt by the Administrative Agent. Upon receipt of such notice, the Administrative Agent shall promptly give notice to each Lender (but in no event later than 10:30 a.m. on the Closing Date). Each Lender shall, before 11:30 a.m. (Los Angeles, California time) on the Closing Date, make available for the account of its Applicable Lending Office to the Administrative Agent such Lender's ratable share of such Borrowings by depositing same day funds in the Administrative Agent's Account. Notwithstanding any contrary provision hereof, the initial Borrowings may consist only of Base Rate Advances.
Initial Borrowings. The aggregate amount of the initial Loans and Letters of Credit hereunder on the Closing Date shall not exceed $450,000,000.
Initial Borrowings. The initial Borrowings hereunder shall be made ------------------ on the Closing Date and shall be made on notice received by the Administrative Agent from the Borrower (pursuant to an irrevocable Notice of Borrowing) not later than 11:00 a.m. (New York City time) (or such later time as the Administrative Agent may agree) on the Business Day immediately preceding the Closing Date. Such Notice of Borrowing shall be irrevocable upon receipt by the Administrative Agent. Each Appropriate Lender shall, before 11:00 a.m. (New York City time) on the Closing Date, make available for the account of its Applicable Lending Office to the Administrative Agent such Lender's ratable share of such Borrowings by depositing same day funds in the Administrative Agent's Account. Notwithstanding any contrary provision hereof, the initial Borrowings may consist only of Base Rate Loans.
Initial Borrowings. Each Advance under a Credit Line shall be made upon the Borrower's irrevocable written notice delivered to Bank in the form of the Request for Advance, which notice must be received by the Bank in conformity with the prior notice requirements of Section 3.5. Such Request for Advance shall specify:
Initial Borrowings. The obligation of each Lender to make its initial Borrowing hereunder is subject to the following conditions precedent, each of which shall have been fulfilled or waived to the satisfaction of Agent:
Initial Borrowings. The obligations of the Lenders to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions set forth in this Section 5.1.
Initial Borrowings. The initial Borrowings hereunder shall be made on the Closing Date and shall be made on notice received by the Agent from the Borrower (pursuant to a Notice of Borrowing) not later than 12:00 noon (Dallas, Texas time) (or such later time as the Agent may agree) on the Business Day immediately preceding the Closing
Initial Borrowings. The Lender’s obligation to make the initial Revolving Loan hereunder is, in addition to the conditions precedent specified in Section 4.1 hereof, subject to the satisfaction of each of the following conditions precedent:
Initial Borrowings. The initial Borrowings hereunder shall ------------------ be made on the Closing Date and shall be made on notice received by the Administrative Agent from the Borrower (pursuant to an irrevocable Notice of Borrowing) not later than 11:00 a.m. (Toronto time) (or such later time as the Administrative Agent may agree) on (i) the Business Day immediately preceding the Closing Date in the case of the initial Borrowings of Prime Rate Loans, Base Rate Loans and/or BA Loans and (ii) on the second Business Day immediately preceding the Closing Date in the case of the initial Borrowings of Eurodollar Rate Loans. Such Notice of Borrowing shall be irrevocable upon receipt by the Administrative Agent. Each Appropriate Lender shall, before 11:00 a.m. (Toronto time) on the Closing Date, make available to the Administrative Agent such Lender's ratable share of such Borrowings by depositing same day funds in the Administrative Agent's Account.
