Notice for Borrowing Clause Samples

Notice for Borrowing. The Borrower shall give the Administrative Agent a notice in the form of Exhibit B-1 (a “Notice of Borrowing”) (i) in the case of Loans requested to be made as Base Rate Loans, (x) if no Pre-Closing Funding Election is being made, prior to 1:00 p.m., Local Time, on the Closing Date and (y) if a Pre-Closing Funding Election is being made, prior to 1:00 p.m., Local Time, on the Pre-Closing Funding Date, and (ii) in the case of Loans requested to be made as SOFR Loans, (x) if no Pre-Closing Funding Election is being made, prior to 1:00 p.m., Local Time, three (3) U.S. Government Securities Business Days prior to the Closing Date, and (y) if a Pre-Closing Funding Election is being made, prior to 1:00 p.m., Local Time, three (3) U.S. Government Securities Business Days prior to the Pre-Closing Funding Date, in each case specifying the amount and Type of the Loans to be borrowed. Upon its receipt of a Notice of Borrowing, the Administrative Agent will promptly notify each applicable Lender of the proposed Borrowing. Each Notice of Borrowing shall be irrevocable and shall specify (1) the aggregate principal amount and initial Type of the Loans to be made pursuant to such Borrowing, (2) in the case of a Borrowing of SOFR Loans, the initial Interest Period to be applicable thereto, (3) whether a Pre-Closing Funding Election is being made, (4) the anticipated Closing Date, (5) if a Pre-Closing Funding Election is being made, the requested Pre-Closing Funding Date, which shall be a Business Day no more than three Business Days prior to the anticipated Closing Date and (6) the Person or Persons to whom the proceeds of the Loans are to be made available; provided, that a Notice of Borrowing delivered by the Borrower under this Section 2.2(b) may state that such Notice of Borrowing is conditional upon the consummation of the Black Knight Acquisition, in which case such Notice of Borrowing may be revoked or extended by the Borrower (by written notice to the Administrative Agent on or prior to the specified Closing Date or Pre-Closing Funding Date, as applicable) if such condition is not satisfied (or, in the case of a Pre-Closing Funding Election, the Borrower anticipates that the Closing Date will be more than three (3) Business Days after the anticipated Closing Date provided in such Notice of Borrowing) (and the Borrower shall pay all amounts, if any, required under Section 2.17 to be paid as a consequence of any such revocation or extension). Notwithstanding anything...