Common use of Notices; Disbursement Clause in Contracts

Notices; Disbursement. The Borrowers shall request a Swingline Loan advance hereunder by written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfied. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers shall agree upon receipt by the Swingline Lender of any such notice from the Borrowers. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 3 contracts

Samples: Credit Agreement (Inex Corp), Credit Agreement (Speedway Motorsports Inc), Credit Agreement (Inex Corp)

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Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline Loan advance hereunder by it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. 12:30 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advanceadvance substantially in the form of Exhibit 2.4(b) attached hereto. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing. Each Swingline Loan advance shall be in a minimum principal amount of $100,000 and in integral multiples of $100,000 in excess thereof (or the remaining amount of the Swingline Committed Amount, if less).

Appears in 1 contract

Samples: Credit Agreement (Profit Recovery Group International Inc)

Notices; Disbursement. The Borrowers shall request a Swingline Loan advance hereunder by written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfied. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers shall agree upon receipt by the Swingline Lender of any such notice from the Borrowers. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan e advance to the Borrowers by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline Loan advance hereunder by it shall give written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. 1:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan or a Quoted Rate Swingline Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Vestar Sheridan Inc)

Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline Loan advance hereunder by it shall give written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. 12:00 Noon (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan or an Adjusted CD Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower, such maturity date not to exceed seven (7) Business Days from the making of such Swingline Loan. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 P.M. (Charlotte, North CHAR_1\F:\DOCS\KAM\BANKING\218148_8 38 Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Conseco Inc Et Al)

Notices; Disbursement. The Borrowers shall request a Swingline Loan advance hereunder by written notice delivery of a Notice of Borrowing (or telephone notice promptly confirmed in writingby delivery of a Notice of Borrowing) to the Swingline Lender not later than 11:00 A.M. (Charlotte, North Carolina time) a.m. on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfied. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers shall agree upon receipt by the Swingline Lender of any such notice from the Borrowers. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers by 3:00 P.M. (Charlotte, North Carolina time) p.m. on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Speedway Motorsports Inc)

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Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline --------------------- Loan advance hereunder by it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline Loan advance hereunder by it shall give written notice (or telephone telephonic notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. 1:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advance. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing.

Appears in 1 contract

Samples: Credit Agreement (Healthtronics Surgical Services Inc)

Notices; Disbursement. The Borrowers shall request Whenever the Borrower desires a Swingline Loan advance hereunder by it shall give written notice (or telephone notice promptly confirmed in writing) to the Swingline Lender not later than 11:00 A.M. 2:00 P.M. (Charlotte, North Carolina time) on the Business Day of the requested Swingline Loan advanceadvance substantially in the form of Exhibit 2.3(b) attached hereto. Each such notice shall be irrevocable and shall specify (A) that a Swingline Loan advance is requested, (B) the date of the requested Swingline Loan advance (which shall be a Business Day), ) and (C) the principal amount of the Swingline Loan advance requested and (D) that all of the conditions set forth in Section 5.2 are then satisfiedrequested. Each Swingline Loan shall be made as a Base Rate Loan and shall have such maturity date as the Swingline Lender and the Borrowers Borrower shall agree upon receipt by the Swingline Lender of any such notice from the BorrowersBorrower. The Swingline Lender shall initiate the transfer of funds representing the Swingline Loan advance to the Borrowers Borrower by 3:00 3:30 P.M. (Charlotte, North Carolina time) on the Business Day of the requested borrowing. Each Swingline Loan advance shall be in a minimum principal amount of $100,000 and in integral multiples of $50,000 in excess thereof (or the remaining amount of the Swingline Committed Amount, if less).

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

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