Common use of Making of the Loans Clause in Contracts

Making of the Loans. (a) If the Borrower desires to make a Borrowing under this Agreement it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a “Notice of Borrowing”), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each applicable Lender, for such Borrowing not later than 1:00 p.m. (New York City time) at least six Business Days prior to the day of the requested Borrowing; provided that, with respect to a Borrowing occurring on the Closing Date, the Notice of Borrowing shall be (1) received by 6:30 p.m. (New York City time) on the Business Day immediately prior to the Closing Date, (2) dated the date the request for the related Borrowing is being made, (3) signed by an Authorized Officer of the Borrower, (4) otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed) and (5) irrevocable. Each Notice of Borrowing shall be substantially in the form of Exhibit B hereto, dated the date the request for the related Borrowing is being made, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed). The proposed Borrowing Date specified in each Notice of Borrowing shall be a Business Day falling during the Commitment Period. The amount of the Borrowing requested in each Notice of Borrowing (the “Requested Amount”) shall be equal to at least $1,000,000 and integral multiples of $1,000 in excess thereof (or, if less, the remaining unfunded Commitments hereunder). Each Notice of a Borrowing shall be revocable by the Borrower only if notice of such revocation is given to the Lenders and the Administrative Agent no later than 2:00 p.m. (New York City time) on the date that is one Business Day before the date of the related Borrowing. Notices of Borrowing shall otherwise be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (HPS Corporate Lending Fund)

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Making of the Loans. (a) If the Borrower desires to make a Borrowing under this Agreement it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a “Notice of Borrowing”), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each applicable Lender, for such Borrowing not later than 1:00 p.m. (New York City time) at least six two Business Days prior to the day of the requested Borrowing; provided that, with respect to a the Borrowing occurring to be made on the Closing Date, the Notice of Borrowing shall be (1) received by 6:30 3:00 p.m. (New York City time) on the Business Day immediately prior to the Closing Date, (2) dated the date the request for the related Borrowing is being made, (3) signed by an Authorized Officer of the Borrower, (4) otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed) and (5) irrevocable. Each Notice of Borrowing shall be substantially in the form of Exhibit B hereto, dated the date the request for the related Borrowing is being made, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed). The proposed Borrowing Date specified in each Notice of Borrowing shall be a Business Day falling during the Commitment Period. The amount of the Borrowing requested in each Notice of Borrowing (the “Requested Amount”) shall be equal to at least $1,000,000 500,000 and integral multiples of $1,000 in excess thereof (or, if less, the remaining unfunded Commitments hereunder). Each Notice of a Borrowing shall be revocable by the Borrower only if notice of such revocation is given to the Lenders and the Administrative Agent no later than 2:00 5:00 p.m. (New York City time) on the date that is one two Business Day Days before the date of the related Borrowing. Notices of Borrowing shall otherwise be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (FS Energy & Power Fund)

Making of the Loans. (a) If the Borrower desires to make a Borrowing under this Agreement it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a "Notice of Borrowing"), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each applicable Lender, for such Borrowing not later than 1:00 5:00 p.m. (New York City time) at least six two Business Days prior to the day of the requested Borrowing; provided that, with respect to a Borrowing occurring on the Closing Date, the Notice of Borrowing shall be (1) received by 6:30 p.m. (New York City time) on the Business Day immediately prior to the Closing Date, (2) dated the date the request for the related Borrowing is being made, (3) signed by an Authorized Officer of the Borrower, (4) otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed) and (5) irrevocable. Each Notice of Borrowing shall be substantially in the form of Exhibit B hereto, dated the date the request for the related Borrowing is being made, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed). The proposed Borrowing Date specified in each Notice of Borrowing shall be a Business Day falling during on or prior to the end of the Class A-R Commitment Period. The amount of the Borrowing requested in each Notice of Borrowing (the "Requested Amount") shall be equal to at least $1,000,000 250,000 and integral multiples of $1,000 100 in excess thereof (or, if less, the remaining unfunded Class A-R Commitments hereunder). Each Notice of a Borrowing shall be revocable by the Borrower only if notice of such revocation is given to the Lenders and the Administrative Agent (with a copy to the Collateral Agent) no later than 2:00 p.m. (New York City time) on the date that is one Business Day before the date of the related Borrowing. Notices of Borrowing shall otherwise be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Senior Floating Rate Corp.)

Making of the Loans. (a) If the Borrower desires to make a Borrowing under this Agreement it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a "Notice of Borrowing"), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each applicable Lender, for such Borrowing not later than 1:00 5:00 p.m. (New York City time) at least six two Business Days prior to the day of the requested Borrowing; provided that, with respect to a the Borrowing occurring to be made on the Closing Date, the Notice of Borrowing shall be (1) received by 6:30 3:00 p.m. (New York City time) on the Business Day immediately prior to the Closing Date, (2) dated the date the request for the related Borrowing is being made, (3) signed by an Authorized Officer of the Borrower, (4) otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed) and (5) irrevocable. Each Notice of Borrowing shall be substantially in the form of Exhibit B hereto, dated the date the request for the related Borrowing is being made, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed). The proposed Borrowing Date specified in each Notice of Borrowing shall be a Business Day falling during the Commitment Period. The amount of the Borrowing requested in each Notice of Borrowing (the "Requested Amount") shall be equal to at least $1,000,000 250,000 and integral multiples of $1,000 100 in excess thereof (or, if less, the remaining unfunded Commitments hereunder). Each Notice of a Borrowing shall be revocable by the Borrower only if notice of such revocation is given to the Lenders and the Administrative Agent (with a copy to the Collateral Agent) no later than 2:00 p.m. (New York City time) on the date that is one Business Day before the date of the related Borrowing. Notices of Borrowing shall otherwise be irrevocable.

Appears in 1 contract

Samples: Credit Agreement (Fifth Street Senior Floating Rate Corp.)

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Making of the Loans. (a) If Each Borrowing shall be made on notice, given not later than (x) 12:00 noon, New York City time, on the third U.S. Government Securities Business Day prior to the date of the proposed Borrowing in the case of a Term SOFR Borrowing or (y) 10:00 a.m., New York City time, on the date of the proposed Borrowing in the case of a Base Rate Borrowing, by the Borrower desires to make the Administrative Agent, which shall give to each Lender prompt notice thereof. Each such notice of a Borrowing under this Agreement it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a “Notice of Borrowing”), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each applicable Lender, for such Borrowing not later than 1:00 p.m. (New York City time) at least six Business Days prior to the day of the requested Borrowing; provided that, with respect to a Borrowing occurring on the Closing Date, the Notice of Borrowing shall be in writing (1or by telephone, if confirmed immediately in writing) received by 6:30 p.m. (New York City time) on the Business Day immediately prior to the Closing Date, (2) dated the date the request for the related Borrowing is being made, (3) signed by an Authorized Officer of the Borrower, (4) otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed) and (5) irrevocable. Each Notice of Borrowing shall be in substantially in the form of Exhibit B D hereto, dated specifying therein (i) the requested date the request for the related Borrowing is being madeof such Borrowing, signed by an Authorized Officer of the Borrower and otherwise be appropriately completed (including an indication by the Borrower of the Loans proposed to be borrowed). The proposed Borrowing Date specified in each Notice of Borrowing which shall be a Business Day falling during and the Commitment Period. The expected Funding Date, (ii) the Type of Loans comprising such Borrowing, (iii) the aggregate amount of such Borrowing, (iv) in the Borrowing requested in each Notice of Borrowing (the “Requested Amount”) shall be equal to at least $1,000,000 and integral multiples of $1,000 in excess thereof (or, if less, the remaining unfunded Commitments hereunder). Each Notice case of a Borrowing consisting of Term SOFR Loans, the initial Interest Period for such Borrowing and (v) the location and number of the Borrower’s account (or such other account as shall be revocable specified by the Borrower only if notice of such revocation is given and reasonably acceptable to the Lenders and the Administrative Agent no later than 2:00 p.m. (Agent) to which funds are to be disbursed. Each Lender shall, before 9:00 a.m., New York City time) , on the date that is one Business Day of such Borrowing (in the case of a Borrowing consisting of Term SOFR Loans), and before 12:00 noon, New York City time, on the date of such Borrowing (in the related case of a Base Rate Borrowing), make available for the account of its Applicable Lending Office to the Administrative Agent at the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, in same day funds, such Xxxxxx’s ratable portion (based on the Lenders’ respective Commitments) of such Borrowing. Notices After the Administrative Agent’s receipt of Borrowing shall otherwise be irrevocablesuch funds, the Administrative Agent will make such funds available to the Borrower at the account designated by the Borrower in such Notice of Borrowing.

Appears in 1 contract

Samples: Term Credit Agreement (Ovintiv Inc.)

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