Common use of Notice and Manner of Borrowing Clause in Contracts

Notice and Manner of Borrowing. Not later than 2:00 p.m., New York time on the requested DISBURSEMENT DATE, the BORROWER shall give the BANK telephonic application for each LOAN under this AGREEMENT to the BANK’s JDAD Loan Services Department (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not be accepted by the BANK, specifying (i) the DISBURSEMENT DATE; (ii) the principal amount; and (iii) the MATURITY DATE. The BANK will send written confirmation of the LOAN to the BORROWER at the fax number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s New York Branch by fax at (000) 000-0000. Not later than 4:00 p.m., New York time, on the DISBURSEMENT DATE of the LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the LOAN available to the BORROWER in immediately available funds by crediting the amount thereof to the BORROWER’s account with the BANK, or to such other account as the BORROWER shall inform the BANK in writing. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s obligations hereunder.

Appears in 2 contracts

Samples: Uncommitted and Revolving Credit Line Agreement (Thorne Healthtech, Inc.), Uncommitted and Revolving Credit Line Agreement (Thorne Healthtech, Inc.)

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Notice and Manner of Borrowing. Not later than 2:00 2:30 p.m., New York time (11:30 a.m., San Francisco time) on the requested DISBURSEMENT DATEdisbursement date, the BORROWER shall give the BANK telephonic application for each LOAN under this AGREEMENT to the BANK’s JDAD Loan Services Department ’S customer desk (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not be accepted by the BANK, specifying (i) the DISBURSEMENT DATEdisbursement date; (ii) the principal amount; and (iii) the MATURITY DATEmaturity date. The BANK will send written confirmation of the LOAN to the BORROWER at the fax number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s ’S New York Branch by fax at (000) 000-0000. Not later than 4:00 p.m., New York time (1:00 p.m. San Francisco time), on the DISBURSEMENT DATE disbursement date of the LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the LOAN available to the BORROWER in immediately available funds by crediting the amount thereof to the BORROWER’s ’S account with the BANK, or to such other account as the BORROWER shall inform the BANK in writing. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s ’S obligations hereunder.

Appears in 2 contracts

Samples: Uncommitted and Revolving Credit Line Agreement (SITIME Corp), Uncommitted and Revolving Credit Line Agreement (SITIME Corp)

Notice and Manner of Borrowing. Not later than 2:00 p.m., New York time on the requested DISBURSEMENT DATE, the The BORROWER shall give the BANK telephonic application for request each LOAN under this AGREEMENT by notice and application (which may or may not be accepted by the BANK) to the BANK’s JDAD Loan 's Agency Services Department Department, via fax to (000) 000-0000 or via email to XxxxxxXxxxxxxx@xxxxxxxxx.xxx (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not shall be accepted received by the BANKBANK not later than 1:00 p.m. New York time on the DRAWDOWN DATE of any COST OF FUNDS LOAN, specifying or not later than 1:00 p.m. New York time on the day that is three (3) LONDON BUSINESS DAYS prior to the DRAWDOWN DATE of any LIBOR LOAN. Each notice shall be irrevocable and binding on the BORROWER and shall specify (i) the DISBURSEMENT proposed DRAWDOWN DATE; (ii) the principal amountamount of the requested LOAN; (iii) whether the LOAN will be a COST OF FUNDS LOAN or a LIBOR LOAN; (iv) the LOAN MATURITY DATE (subject to the applicable limitations established in the definition of such term); (v) if the LOAN will be a LIBOR LOAN, the duration of the INTEREST PERIOD (subject to the limitations established in the definition of such term) applicable thereto; and (iiivi) the MATURITY DATEpayment instructions with respect to which the LOAN shall be made to the BORROWER. The BANK will send written confirmation of the LOAN to the BORROWER at the fax number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s New York Branch by BANK via fax at (000) 000-0000or email as specified above. Not later than 4:00 p.m., New York time, on the DISBURSEMENT DRAWDOWN DATE of the LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the LOAN available to the BORROWER in immediately available funds by crediting the amount thereof in accordance with the BORROWER's written instructions as provided in the applicable notice to the BORROWER’s account with the BANK, or to such other account as the BORROWER shall inform the BANK in writingdescribed above. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s 's obligations hereunder.

Appears in 1 contract

Samples: Uncommitted and Revolving Credit Line Agreement (WestRock Co)

Notice and Manner of Borrowing. Not later than 2:00 p.m.11:00 a.m., New York time on the requested DISBURSEMENT DATESan Francisco time, the BORROWER shall give the BANK telephonic application for each a LOAN under this AGREEMENT to the BANK’s JDAD Loan Services Department 's customer desk (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not be accepted by the BANK, specifying (i1) the DISBURSEMENT DATEdate of such LOAN; (ii2) the principal amountamount of such LOAN; and (iii3) the MATURITY DATErequested maturity date for the LOAN. The BANK will send written confirmation of the LOAN to the BORROWER at the fax facsimile number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s 's New York Branch by fax facsimile at (000) 000-0000. Not later than 4:00 p.m., New York time (1:00 p.m. San Francisco time), on the DISBURSEMENT DATE date of the such LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the such LOAN available to the BORROWER in immediately available funds by crediting the amount thereof to the BORROWER’s 's account with the BANK, or to such other account as the BORROWER shall inform the BANK in writing. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s 's obligations hereunder.

Appears in 1 contract

Samples: Line Agreement (Synetics Solutions Inc)

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Notice and Manner of Borrowing. Not later than 2:00 p.m.11:00 a.m., New York time on the requested DISBURSEMENT DATESan Francisco time, the BORROWER shall give the BANK telephonic application for each a LOAN under this AGREEMENT to the BANK’s JDAD Loan Services Department 's customer desk (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not be accepted by the BANK, specifying (i) the DISBURSEMENT DATEdate of such LOAN; (ii) the principal amountamount of such LOAN; and (iii) the MATURITY DATErequested maturity date for the LOAN. The BANK will send written confirmation of the LOAN to the BORROWER at the fax facsimile number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s 's New York Branch by fax facsimile at (000) 000-0000. Not later than 4:00 p.m., New York time (1:00 p.m. San Francisco time), on the DISBURSEMENT DATE date of the such LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the such LOAN available to the BORROWER in immediately available funds by crediting the amount thereof to the BORROWER’s 's account with the BANK, or to such other account as the BORROWER shall inform the BANK in writing. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s 's obligations hereunder.

Appears in 1 contract

Samples: Uncommitted and Revolving Credit Line Agreement (Synetics Solutions Inc)

Notice and Manner of Borrowing. Not later than 2:00 p.m., New York time on the requested DISBURSEMENT DATE, the The BORROWER shall give the BANK telephonic application for request each LOAN under this AGREEMENT by notice and application (which may or may not be accepted by the BANK) to the BANK’s JDAD Loan Services Department Operations Department, Xxxxx Xxxxxxx, by phone at (000) 000-0000 or via email at XXxxxxxx@xx.xxxx.xx (or such other contact as the BANK may inform the BORROWER from time to time), which may or may not shall be accepted received by the BANKBANK not later than 1:00 p.m. (New York time) on the DRAWDOWN DATE of any COST OF FUNDS LOAN, specifying or not later than 1:00 p.m. (New York time) on the day that is three (3) LONDON BUSINESS DAYS prior to the DRAWDOWN DATE of any LIBOR LOAN. Each notice shall be irrevocable and binding on the BORROWER and shall specify (i) the DISBURSEMENT proposed DRAWDOWN DATE; (ii) the principal amountamount of the requested LOAN; (iii) whether the LOAN will be a COST OF FUNDS LOAN or a LIBOR LOAN; (iv) the LOAN MATURITY DATE (subject to the applicable limitations established in the definition of such term); (v) if the LOAN will be a LIBOR LOAN, the duration of the INTEREST PERIOD (subject to the limitations established in the definition of such term) applicable thereto; and (iiivi) the MATURITY DATEpayment instructions with respect to which the LOAN shall be made to the BORROWER. The BANK will send written confirmation of the LOAN to the BORROWER at the fax number or email address listed in SECTION 8.06 hereof. The BORROWER will acknowledge the information shown in the confirmation by promptly returning it to the BANK’s New York Branch by BANK via fax at (000) 000-0000or email as specified above. Not later than 4:00 p.m., p.m. (New York time, ) on the DISBURSEMENT DRAWDOWN DATE of the LOAN and upon fulfillment of the applicable conditions set forth in ARTICLE III hereof, the BANK will, subject to its sole and absolute discretion and subject to the provisions of SECTION 2.01 hereof, make the LOAN available to the BORROWER in immediately available funds by crediting the amount thereof in accordance with the BORROWER's written instructions as provided in the applicable notice to the BORROWER’s account with the BANK, or to such other account as the BORROWER shall inform the BANK in writingdescribed above. All notices given under this SECTION 2.03 shall be irrevocable. The failure to give any confirmation referred to herein shall not release or diminish any of the BORROWER’s 's obligations hereunder.

Appears in 1 contract

Samples: Uncommitted and Revolving Credit Line Agreement (WestRock Co)

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