Lender Advances of Revolving Loans Sample Clauses

Lender Advances of Revolving Loans. Subject to the determination by the Agent and the Lenders that the conditions for Borrowing contained in Section 5.2 are satisfied, upon notice from the Borrower to the Agent ("Notice of Borrowing"), Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested Borrowing. The Notice of Borrowing shall specify whether the requested Borrowing is of Prime Rate Loans or Eurodollar Rate Loans. (b)
Sample 1See All (4)
AutoNDA by SimpleDocs
Lender Advances of Revolving Loans. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in Section 5.2 are satisfied, upon notice from a Borrower to the Agent, substantially in the form of Exhibit C ("NOTICE OF BORROWING") received by the Agent before 1:00 p.m. (New York City time) on a Business Day, Lender Advances of Revolving Loans shall be made to such Borrower to the extent of each Lender's Proportionate Share of the requested Borrowing. The Notice of Borrowing shall specify whether the requested Borrowing is of Prime Rate Loans or Eurodollar Rate Loans and, in the case of Eurodollar Rate Loans, the length of the Interest Period therefor.
Sample 1Sample 2
Lender Advances of Revolving Loans. Subject to the determination by the Agent and the Lenders that the conditions for borrowing contained in Section 5.2 are satisfied, upon notice from Safety to the Agent, substantially in the form of Exhibit C ("Notice of Borrowing") received by the Agent before 12:00 noon (New York City time) on a Business Day, Lender Advances of Revolving Loans shall be made to the extent of each Lender's Proportionate Share of the requested borrowing. The Notice of Borrowing shall specify whether the requested Borrowing is of Prime Rate Loans or Eurodollar Rate Loans.
Sample 1
Lender Advances of Revolving Loans. Subject to the determination by ------------------------------------ the Agent and the Revolving Lenders that the conditions for Borrowing contained in Section 6.2 are satisfied, upon notice from the Borrower to the Agent ("Notice of Borrowing"), Lender Advances of Revolving Loans shall be made to the extent of each Revolving Lender's Proportionate Share of the requested Borrowing; provided that in no event will any Revolving Lender be obligated to have Revolving Loans outstanding in excess of such Revolving Lender's Commitment less such Revolving Lender's Proportionate Share of outstanding Letter of Credit Obligations. The Notice of Borrowing shall specify whether the requested Borrowing is of Base Rate Loans or Eurodollar Rate Loans.
Sample 1
Lender Advances of Revolving Loans. If the Agent receives a ---------------------------------- Notice of Borrowing within the applicable time limits for Lender Advances pursuant to Section 2.2(a) and does not intend to fund such requested Borrowing -------------- as an Agent Advance, the Agent shall give each Revolving Credit Lender prompt notice by telephone or facsimile transmission of a Notice of Borrowing that requests Lender Advances of Revolving Loans. Subject to the reasonable determination by the Agent and the Revolving Credit Lenders that the applicable conditions for borrowing contained in Article ------- 5 are satisfied, each Revolving Credit Lender shall make available to the Agent - at the Agent's address specified in Annex I its Revolving Credit Proportionate ------- Share of such Borrowing in immediately available funds no later than 2:00 P.M. New York City time on the date of receipt of the Notice of Borrowing. Unless the Agent receives contrary written notice prior to the date of any such Borrowing, it is entitled to assume that each Revolving Credit Lender will make available its Revolving Credit Proportionate Share of the Borrowing and in reliance upon that assumption, but without any obligation to do so, may advance such Revolving Credit Proportionate Share on behalf of the Revolving Credit Lender.
Sample 1

Related to Lender Advances of Revolving Loans

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i).

  • Revolver Advances (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make revolving loans (“Advances”) to Borrower in an amount at any one time outstanding not to exceed the lesser of:

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

Time is Money Join Law Insider Premium to draft better contracts faster.