Manner of Borrowing Revolving Credit Loans Sample Clauses
Manner of Borrowing Revolving Credit Loans. Borrowings under the credit facility established pursuant to Section 1 hereof shall be as follows:
Manner of Borrowing Revolving Credit Loans. Borrowings under the Revolving Credit Facility shall be made as follows:
Manner of Borrowing Revolving Credit Loans. Borrowings under the Revolving Credit Facility established pursuant to Section 3.1 shall be as follows:
(A) A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner:
(i) Borrower may give Lender notice of its intention to borrow, in which notice Borrower shall specify the amount of the proposed borrowing, the proposed borrowing date and that such borrowing is to be a Revolving Credit Loan; (ii) the becoming due of any other Obligation shall be deemed, at Lender's discretion, irrevocably to be a request for a Revolving Credit Loan on the due date in the amount then so due and (iii) pursuant to the terms of Borrower's FOCUS account or similar account with Lender;
(B) Borrower hereby irrevocably authorizes Lender to disburse the proceeds of each Revolving Credit Loan requested, or deemed to be requested, pursuant to this Section 3.2 as follows: (i) the proceeds of each Revolving Credit Loan requested under Section 3.2(A)(i) shall be disbursed by Lender in lawful money of the United States of America in immediately available funds, in the case of the initial borrowing, in accordance with the terms of the written disbursement letter from Borrower, and in the case of each subsequent borrowing, by wire transfer to such bank account as may be agreed upon by Borrower and Lender from time to time; and (ii) the proceeds of each Revolving Credit Loan requested under Section 3.2(A)(ii) shall be disbursed by Lender by way of direct payment of the relevant Obligation.
Manner of Borrowing Revolving Credit Loans. Borrowings under the credit facility established pursuant to Section 1.1 hereof shall be as follows:
Manner of Borrowing Revolving Credit Loans. LIBOR Option. Borrowings under the credit facility established pursuant to Section 1 hereof shall be as follows:
Manner of Borrowing Revolving Credit Loans. Borrowings under the Revolving Credit Facility shall be made as follows:
(a) REQUESTS FOR BORROWING.
Manner of Borrowing Revolving Credit Loans. (a) The Company shall give telephonic, telex or telecopy notice to the Administrative Agent (which notice, if telephonic, shall be promptly confirmed in writing) no later than (i) 12:00 Noon (Chicago time) on the date the Banks are requested to make each Borrowing of Base Rate Loans, and (ii) 12:00 Noon (Chicago time) on the date at least three (3) Business Days prior to the date of (A) each Borrowing of Eurodollar Loans which the Banks are requested to make or continue, and (B) the conversion of any Borrowing of Base Rate Loans into a Borrowing of Eurodollar Loans. Each such notice shall be irrevocable and shall specify the Borrower requesting such Borrowing, the date of the Borrowing requested (which shall be a Business Day), the amount of such Borrowing, whether the Borrowing is to be made available by means of Base Rate Loans or Eurodollar Loans and, with respect to a Borrowing of Eurodollar Loans, the Interest Period applicable thereto; provided, that in no event shall the principal amount of any requested Revolving Credit Loan plus the aggregate principal amount of all Loans outstanding hereunder exceed the Revolving Credit Commitments as such amounts may be reduced pursuant to Section 3.5 of this Agreement. The Borrowers agree that the Administrative Agent may rely on any such telephonic, telex or telecopy notice given by any person who the Administrative Agent reasonably believes is authorized to give such notice without the necessity of independent investigation and in the event any notice by such means conflicts with the written confirmation, such notice shall govern if the Administrative Agent or any Bank has acted in reliance thereon. The Administrative Agent shall, on the day any such notice is received by it, give prompt telephonic, telex or telecopy (if telephonic, to be confirmed in writing within one Business Day) notice of the receipt of notice from the Company hereunder to each of the Banks.
(b) Subject to the provisions of Section 6 hereof, the proceeds of each Borrowing of Revolving Credit Loans shall be made available to the relevant Borrower at the principal office of the Administrative Agent in Chicago, Illinois, by depositing immediately available funds into an account maintained by such Borrower with the Administrative Agent, on the date such Borrowing is requested to be made. Not later than 3:00 p.m. Chicago time, on the date specified for any Borrowing of Revolving Credit Loans to be made hereunder, each Bank shall make its Loan...
Manner of Borrowing Revolving Credit Loans. Borrowings of the ------------------------------------------ Revolving Credit Loans shall be made as follows:
Manner of Borrowing Revolving Credit Loans. Borrowings under the credit facility established pursuant to SECTION 2.1 hereof shall be as follows:
(A) A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner:
(i) Borrower may give Agent notice of its intention to borrow, in which notice Borrower shall specify the amount of the proposed borrowing and the proposed borrowing date; (ii) the becoming due of any amount required to be paid under this Agreement, the Revolving Credit Notes or the Term Notes as interest shall be deemed irrevocably to be a request for a Revolving Credit Loan on the due date in the amount required to pay such interest; (iii) the becoming due of any amount required to be paid under the Term Notes or the Revolving Credit Notes as principal shall be deemed irrevocably to be a request for a Revolving Credit Loan on the due date for the amount required to pay such principal; (iv) any payment made by Agent pursuant to a Letter of Credit MARCH 1997 AMENDMENT 9
Manner of Borrowing Revolving Credit Loans. LIBOR ------------------------------------------------ Option. ------ Borrowings under the credit facilities established pursuant to subsections 1.1 and 1.2 hereof shall be as follows: