Common use of Line of Credit B Clause in Contracts

Line of Credit B. Each Lender severally agrees to make advances (“Line of Credit B Advances”) to Borrower from time to time on any one or more Business Days from and after the date of this Agreement (through the Agent as set forth in Section 2.1.5 or Section 2.2(f)), upon Borrower’s written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am (local time in Denver) on the second Business Day prior to the date of any proposed LIBOR Rate Loan or upon Borrower’s written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am (local time in Denver) on the Business Day of the date of any proposed Base Rate Loan, up to an aggregate principal amount not exceeding each such Lender’s Pro Rata Percentage of the Available Amount B on such Business Day through the Maturity Date, in aggregate amounts up to the Available Amount B (“Line of Credit B”). The Line of Credit B Advances shall be repayable in accordance with the terms of this Agreement (as further evidenced by Borrower’s promissory notes to each of the Lenders (“Line of Credit B Notes”), the form of which is attached as Exhibit 2B).

Appears in 2 contracts

Samples: Loan Agreement (Andersons Inc), Loan Agreement (Andersons Inc)

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Line of Credit B. Each Lender severally agrees to make advances (“Line of Credit "LINE OF CREDIT B Advances”ADVANCES") to Borrower from time to time on any one or more Business Days from and after the date of this Agreement (through the Agent as set forth in Section 2.1.5 or Section 2.2(f)), upon Borrower’s 's written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am 12:00 noon (local time in Denver) on the second third Business Day prior to the date of any proposed LIBOR Rate Loan or upon Borrower’s 's written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am 12:00 noon (local time in Denver) on the Business Day of the date of any proposed Base Rate Loan, up to an aggregate principal amount not exceeding each such Lender’s 's Pro Rata Percentage of the Available Amount B on such Business Day through the Maturity Date, in aggregate amounts up to the Available Amount B (“Line of Credit "LINE OF CREDIT B"). The Line of Credit B Advances shall be evidenced by and repayable in accordance with the terms of this Agreement (as further evidenced by Borrower’s 's promissory notes to each of the Lenders (“Line of Credit "LINE OF CREDIT B Notes”NOTES"), the form of which is attached as Exhibit 2B).2B.

Appears in 1 contract

Samples: Loan Agreement (Andersons Inc)

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Line of Credit B. Each Lender severally agrees to make advances (“Line of Credit "LINE OF CREDIT B Advances”ADVANCES") to Borrower from time to time on any one or more Business Days from and after the date of this Agreement (through the Agent as set forth in Section 2.1.5 or Section 2.2(f)), upon Borrower’s 's written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am 12:00 noon (local time in Denver) on the second third Business Day prior to the date of any proposed LIBOR Rate Loan or upon Borrower’s 's written (including facsimile) notice or oral notice followed by written (including facsimile) confirmation, given by Borrower to the Agent not later than 10:00 am 12:00 noon (local time in Denver) on the first Business Day of prior to the date of any proposed Base Rate Loan, up to an aggregate principal amount not exceeding each such Lender’s 's Pro Rata Percentage of the Available Amount B on such Business Day through the Maturity Date, in aggregate amounts up to the Available Amount B (“Line of Credit "LINE OF CREDIT B"). The Line of Credit B Advances shall be evidenced by and repayable in accordance with the terms of this Agreement (as further evidenced by Borrower’s 's promissory notes to each of the Lenders (“Line of Credit "LINE OF CREDIT B Notes”NOTES"), the form of which is attached as Exhibit 2B).2B.

Appears in 1 contract

Samples: Loan Agreement (Andersons Inc)

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