Procedure for Advance of Term Loan. The Borrowers shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. on the Closing Date requesting that the Term Loan Lenders make the Term Loan as a Base Rate Loan on such date (provided that the Borrowers may request, on or prior to the Closing Date, that the Lenders make the Term Loan as LIBOR Rate Loan if the Borrowers have delivered to the Administrative Agent a letter in form and substance satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 5.9 of this Agreement). Upon receipt of such Notice of Borrowing from the Borrowers, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 1:00 p.m. on the Closing Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Borrowers, at the Administrative Agent’s Office in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. The Borrowers hereby irrevocably authorize the Administrative Agent to disburse the proceeds of the Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrowers in writing.
Procedure for Advance of Term Loan. The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. (Charlotte time) on the Closing Date requesting that the Lenders make the Term Loans as Base Rate Loans on such date. Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender thereof by telecopier (or by telephone promptly confirmed by telecopier). Not later than 2:00 p.m. (Charlotte time) on the Closing Date, each Lender will make available to the Administrative Agent for the account of the Borrower, at the office of the Administrative Agent in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loans in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower.
Procedure for Advance of Term Loan. During the Availability Period (or, in the discretion of the Lenders and subject to a funding indemnity letter, prior to the Closing Date), the Borrower shall have the right to give the Administrative Agent a one time irrevocable written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) prior to 11:00 a.m. (i) on the requested funding date if the Borrower is requesting that the Term Loans be made as Base Rate Loans or (ii) at least two (2) Business Days prior to the requested funding date if the Borrower is requesting that the Term Loans be made as LIBOR Rate Loans. Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Not later than 1:00 p.m. on the requested funding date, each Lender will make available to the Administrative Agent for the account of the Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of the Term Loan to be made by such Lender. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the accounts designated by the Borrower in the notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 4.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of the Term Loans requested pursuant to this Section to the extent that any Lender has not made available to the Administrative Agent its Term Loan Percentage of the Term Loans.
Procedure for Advance of Term Loan. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit C (the "Notice of Borrowing") prior to 1:00 p.m. (Charlotte time) on the Closing Date requesting that the Lenders make the Term Loan as a Base Rate Loan on such date. Upon receipt of the Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. On the Closing Date, each Lender will make available to the Administrative Agent for the account of the Borrower, at the office of the Administrative Agent in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loan in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form of Exhibit D hereto (the "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent.
Procedure for Advance of Term Loan. The Term Loan Facility shall be available in up to two (2) separate draws as provided below.
Procedure for Advance of Term Loan. The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. (Charlotte time) on the Closing Date requesting that the Term Loan Lenders make the Term Loan as a RTFC Variable Rate Loan on such date. Upon receipt of such Notice of Borrowing from the Borrower, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 2:00 p.m. (Charlotte time) on the Closing Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Borrower, at the office of the Administrative Agent in immediately available funds, the amount of such Term Loan to be made by such Term Loan Lender on the Closing Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower.
Procedure for Advance of Term Loan. The Borrower shall give the Administrative Agent a Notice of Term Loan Borrowing in the form attached hereto as Exhibit C-II (the "Notice of Term Loan Borrowing") prior to 11:00 a.m. (Charlotte time) on the Effective Date requesting that the Lenders make the Term Loan as a Base Rate Loan on such date. To the extent any conversion of the applicable interest rate is effected pursuant to Section 4.2, each borrowing of a Base Rate Loan shall be in an aggregate principal amount of at least $250,000 or any integral multiple of $100,000 in excess thereof and each borrowing of a LIBOR Rate Loan shall be in an aggregate principal amount of $250,000 or any integral multiple of $100,000 in excess thereof. Upon receipt of such Notice of Term Loan Borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Not later than 1:00 p.m. (Charlotte time) on the Effective Date, each Lender will make available to the Administrative Agent for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the amount of such Lender's Term Loan to be made on such date. The Borrower hereby irrevocably authorize the Administrative Agent to disburse the proceeds of each of the Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower pursuant to the Notice of Term Loan Borrowing.
Procedure for Advance of Term Loan. The Domestic Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 10:00 a.m. (Chicago time) on the Closing Date requesting that the Lenders make the Term Loan as a Base Rate Loan on such date. Upon receipt of such Notice of Borrowing from the Domestic Borrower, the Administrative Agent shall promptly notify each Lender thereof. Not later than 1:00 p.m. (Chicago time) on the Closing Date, each Lender will make available to the Administrative Agent for the account of the Domestic Borrower, at the office of the Administrative Agent in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. The Domestic Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loan in immediately available funds by crediting such proceeds to the deposit account of the Domestic Borrower maintained with the Administrative Agent.
Procedure for Advance of Term Loan. The Company shall request to borrow the Initial Term Loan by written Borrowing Request delivered to the Administrative Agent (i) in the case of a Eurocurrency Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing (together with a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Term Loans Lenders in the manner set forth in Section 2.15) or (ii) in the case of an ABR Borrowing, not later than 12:00 noon, New York City time, on the Effective Date; provided that such Borrowing Request may be conditional upon the occurrence of the Effective Date but shall not affect the Company’s obligations under any funding indemnity letter. Such Borrowing Request shall specify whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing, in the case of a Eurocurrency Borrowing, the Interest Period therefor and the location and number of the Company’s account to which funds are to be disbursed. Promptly following receipt of the Borrowing Request in 62 accordance with this clause (b), the Administrative Agent shall advise each Term Loan Lender of the details thereof and of the amount of such Term Loan Lender’s Term Loan to be made as part of the requested Borrowing.
Procedure for Advance of Term Loan. Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. on the Effective Date requesting that the Lenders make the Term Loan as a Base Rate Loan on such date. Upon receipt of such Notice of Borrowing from Borrower, the Administrative Agent shall promptly notify each Lender thereof. Not later than 1:00 p.m. on the Effective Date, each Lender will make available to the Administrative Agent for the account of Borrower, at the Administrative Agent’s Office in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by Borrower in writing.
