Common use of Manner of Borrowing Clause in Contracts

Manner of Borrowing. (a) The Borrower shall give the Administrative Agent notice (which shall be irrevocable) no later than 11:00 a.m. on, in the case of Base Rate Loans, the requested date for the making of such Loans, and, in the case of Eurodollar Rate Loans, the third Eurodollar Business Day, before the requested date for the making of such Loans. Each such notice shall be in the form of Schedule 1.02 and shall specify (i) the requested date for the making of the requested Loans, which shall be, in the case of Base Rate Loans, a Business Day and, in the case of Eurodollar Rate Loans, a Eurodollar Business Day, (ii) the Type or Types of Loans requested and (iii) the amount of each such Type of Loan, the aggregate of which amounts for all Types of Loans requested shall be not less than the lesser of (x) $2,500,000 and integral multiples of $500,000 in excess thereof and (y) the aggregate amount of the unused Commitments. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount and Type of each Loan to be made by such Bank on the requested date specified therein.

Appears in 2 contracts

Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

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Manner of Borrowing. (ai) The Borrower shall give the Administrative Agent notice (which shall be irrevocable) no later than 11:00 10:00 a.m. (New York time) on, in the case of Base Rate Loans, the requested date Business Day for the making of such Loans, and, in the case of Eurodollar Rate Loans, the third Eurodollar Business Day, Day before the requested date for the making of such Loans. Each such notice shall be in the form of Schedule 1.02 1.02(a) and shall specify (iA) the requested date for the making of the requested Loans, which shall be, in the case of Base Rate Loans, a Business Day and, in the case of Eurodollar Rate Loans, a Eurodollar Business Day, (iiB) the Type or Types of Loans requested and (iiiC) the amount of each such Type of Loan, the aggregate of which amounts for all Types of Loans requested to be made on the requested date shall be at least Two Million Dollars ($2,000,000) or such greater amount in increments of One Hundred Thousand Dollars ($100,000), and shall not less than exceed the lesser of (x) $2,500,000 and integral multiples of $500,000 in excess thereof and (y) the aggregate maximum amount of the unused Commitmentsthat can then be borrowed hereunder. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount and Type of each Loan to be made by such Bank on the requested date specified therein.

Appears in 2 contracts

Samples: Revolving Credit Facility (Trigen Energy Corp), Trigen Energy Corp

Manner of Borrowing. (a) The Borrower shall give the Administrative Agent notice (which shall be irrevocable) no later than 11:00 9:30 a.m. (Los Angeles time) on, in the case of Base Rate Loans, the requested date same Business Day for which the making of such LoansBase Rate Loan is requested, and, in the case of Eurodollar Rate Loans, the third Eurodollar Business DayDay before, before the requested date for the making of such Loans. Each such notice shall be in the form of Schedule 1.02 and shall specify (i) the requested date for the making of the requested Loans, which shall be, in the case of Base Rate Loans, a Business Day and, in the case of Eurodollar Rate Loans, a Eurodollar Business Day, (ii) the Type or Types of Loans requested and (iii) the amount of each such Type of Loan, which amount shall be, (x)(i) in the aggregate case of which amounts for all Types of Loans requested shall be not less than the lesser of (x) $2,500,000 and a Base Rate Loan, in integral multiples of $500,000 500,000, not less than $1,000,000 and (ii) in excess thereof and the case of a Eurodollar Loan, in integral multiples of $1,000,000, not less than $5,000,000 or (y) the aggregate amount of the unused Commitments. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of the amount and Type of each Loan to be made by such Bank Lender on the requested date specified therein.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (California Steel Industries Inc)

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Manner of Borrowing. (a) The Borrower shall give the Administrative Agent notice (which shall be irrevocable) no later than 11:00 10:00 a.m. (New York time) on, in the case of Base Rate Loans (other than Swing Loans), the Business Day before the requested date for the making of such Loans, Loans and, in the case of Eurodollar Rate Loans, the third Eurodollar Business Day, Day before the requested date for the making of such Loans. Each such notice shall be in the form of Schedule 1.02 and shall specify (i) the requested date for the making of the requested Loans, which shall be, in the case of Base Rate Loans, a Business Day and, in the case of Eurodollar Rate Loans, a Eurodollar Business Day, (ii) the Type or Types of Loans requested and (iii) the amount of each such Type of Loan, the aggregate of which amounts for all Types of Loans requested amount shall be not less than than, in the lesser case of (x) Base Rate Loans, $2,500,000 and 500,000 or an integral multiples multiple of $500,000 100,000 in excess thereof and (y) and, in the case of Eurodollar Rate Loans, $1,000,000 or an integral multiple of $250,000 in excess thereof, or the aggregate amount of the applicable unused Commitments, as the case may be. Upon receipt of any such notice, the Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount and Type of each Loan to be made by such Bank on the requested date specified therein.

Appears in 1 contract

Samples: Credit Agreement (Garden State Newspapers Inc)

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