Common use of Making the Revolving Loans Clause in Contracts

Making the Revolving Loans. (a) The Borrower shall give the Administrative Agent prior written notice in substantially the form of Exhibit D hereto (a “Notice of Borrowing”), not later than 12:00 noon (Chicago, Illinois time), with notice of such Notice of Borrowing to be provided by the Administrative Agent to the Lenders no later than the close of business (Chicago, Illinois time) on the Business Day received, (x) in the case of a borrowing consisting of a Reference Rate Loan, on the date which is one Business Day prior to the date of the proposed Revolving Loan and (y) in the case of a borrowing consisting of a LIBOR Rate Loan, on the date which is three Business Days prior to the date of the proposed Revolving Loan. Such Notice of Borrowing shall be irrevocable and shall specify (i) the principal amount of the proposed Revolving Loan, (ii) whether such Revolving Loan is requested to be a Reference Rate Loan or a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto, and (iii) the proposed borrowing date, which must be a Business Day. The Agents and the Lenders may act without liability upon the basis of written, telecopied or telephonic notice believed by the Agents in good faith to be from the Borrower (or from any Authorized Officer thereof designated in writing purportedly from the Borrower to the Agents). Each Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Revolving Loan on behalf of the Borrower until the Agents receives written notice to the contrary. The Agents and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Lantheus MI Intermediate, Inc.)

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Making the Revolving Loans. (a) The Borrower shall give the Administrative Agent prior written notice in substantially the form of Exhibit D hereto (a “Notice of Borrowing”), not later than 12:00 noon (Chicago, Illinois time)10:00 a.m., with notice of such Notice of Borrowing to be provided by the Administrative Agent to the Lenders no later than the close of business (Chicago, Illinois time) on the Business Day received, (x) in the case of a borrowing consisting of a Reference Rate Loan, on the date which is one Business Day prior to the date of the proposed Revolving Loan and (y) in the case of a borrowing consisting of a LIBOR Rate Loan, on the date which is three Business Days prior to the date of the proposed Revolving Loan. Such Notice of Borrowing shall be irrevocable and shall specify (i) the principal amount of the proposed Revolving Loan, (ii) whether such Revolving Loan is requested to be a Reference Rate Loan or a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto, and (iii) the proposed borrowing date, which must be a Business Day. The Agents and the Lenders may act without liability upon the basis of written, telecopied or telephonic notice believed by the Agents in good faith to be from the Borrower (or from any Authorized Officer thereof designated in writing purportedly from the Borrower to the Agents). Each Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Revolving Loan on behalf of the Borrower until the Agents receives written notice to the contrary. The Agents and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Lantheus Medical Imaging, Inc.)

Making the Revolving Loans. (a) The Borrower shall give the Administrative Agent prior written notice in substantially the form of Exhibit D C hereto (a “Notice of Borrowing”), not later than 12:00 noon (Chicago, Illinois time)10:00 a.m., with notice of such Notice of Borrowing to be provided by the Administrative Agent to the Lenders no later than the close of business (Chicago, Illinois time) on the Business Day received, (x) in the case of a borrowing consisting of a Reference Rate Loan, on the date which is one (1) Business Day prior to the date of the proposed Revolving Loan and (y) in the case of a borrowing consisting of a LIBOR Rate Loan, on the date which is three (3) Business Days prior to the date of the proposed Revolving Loan. Such Notice of Borrowing shall be irrevocable and shall specify (i) the principal amount of the proposed Revolving Loan, (ii) whether such Revolving Loan is requested to be a Reference Rate Loan or a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto, and (iii) the proposed borrowing date, which must be a Business Day. The Agents and the Lenders may act without liability upon the basis of written, telecopied or telephonic notice believed by the Agents in good faith to be from the Borrower (or from any Authorized Responsible Officer thereof designated in writing purportedly from the Borrower to the Agents). Each Agent and each Lender shall be entitled to rely conclusively on any Authorized Responsible Officer’s authority to request a Revolving Loan on behalf of the Borrower until the Agents receives written notice to the contrary. The Agents and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Lantheus Holdings, Inc.)

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Making the Revolving Loans. (a) The Borrower may borrow under the Commitment on any Business Day if the Revolving Loan is to be a Prime Rate Loan and on any Eurodollar Business Day if the Revolving Loan is to be a Eurodollar Rate Loan, provided Borrower shall give the Administrative Agent prior written Bank irrevocable notice in substantially the form of Exhibit D hereto A (a “Notice of Borrowing”)which notice -10- 14 must be received by Bank prior to 9:00 A.M., not later than 12:00 noon San Francisco time) (Chicago, Illinois time), with notice of such Notice of Borrowing to be provided by the Administrative Agent i) three Eurodollar Business Days prior to the Lenders no later than requested borrowing date in the close case of business a Eurodollar Rate Loan, and (Chicago, Illinois timeii) on the Business Day received, (x) of the requested borrowing in the case of a borrowing consisting of a Reference Prime Rate Loan, on the date which is one Business Day prior to the date of the proposed Revolving Loan and specifying (y) in the case of a borrowing consisting of a LIBOR Rate Loan, on the date which is three Business Days prior to the date of the proposed Revolving Loan. Such Notice of Borrowing shall be irrevocable and shall specify (iA) the principal amount of the proposed Revolving Loan, (iiB) the requested date of the Revolving Loan, (C) whether such the Revolving Loan is requested to be consist of a Reference Prime Rate Loan or a LIBOR Eurodollar Rate Loan, and (D) if the Revolving Loan and, in the case of is to be a LIBOR Eurodollar Rate Loan, the initial length of the Interest Period with respect theretotherefor. Upon satisfaction of the applicable conditions set forth in this Section and in Article IV, and (iii) the proposed borrowing dateproceeds of such Revolving Loan will then be made available to Borrower by Bank by crediting the account of Borrower on the books of Bank, which must be a Business Dayor as otherwise directed by Borrower. The Agents notice of Revolving Loan may be given orally (including telephonically) or in writing (including telex or facsimile transmission) and any conflict regarding a notice or between an oral notice and a written notice applicable to the Lenders may act without same Revolving Loan shall be conclusively determined by Bank's books and records. Bank shall not incur any liability to Borrower in acting upon the basis any notice of written, telecopied or telephonic notice believed by the Agents Revolving Loan which Bank believes in good faith to be from the Borrower (or from any Authorized Officer thereof designated in writing purportedly from the Borrower have been given by a Person duly authorized to the Agents). Each Agent and each Lender shall be entitled to rely conclusively on any Authorized Officer’s authority to request a Revolving Loan give such notice on behalf of the Borrower until the Agents receives written notice to the contrary. The Agents and the Lenders shall have no duty to verify the authenticity of the signature appearing on any written Notice of BorrowingBorrower.

Appears in 1 contract

Samples: Credit Agreement (Komag Inc /De/)

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