Common use of Procedure for Advance of Term Loan Clause in Contracts

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. The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. 1:00 p.m. (Charlotte time) on the Closing Date requesting that the Lenders make the Term Loans Loan as a Base Rate Loans Loan 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)thereof. 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 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 Borrowers 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 Loans Loan as a Base Rate Loans Loan on such date. Upon receipt of such Notice of Borrowing from the BorrowerBorrowers, the Administrative Agent shall promptly notify each Term Loan Lender thereof by telecopier (or by telephone promptly confirmed by telecopier)thereof. Not later than 2:00 1:00 p.m. (Charlotte time) on the Closing Date, each Term Loan Lender will make available to the Administrative Agent for the account of the BorrowerBorrowers, at the office of the Administrative Agent Agent's Office in immediately available funds, the amount of such Term Loan to be made by such Lender on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of the Term Loans Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the BorrowerBorrowers in writing.

Procedure for Advance of Term Loan. The Borrower shall give the Administrative Agent an irrevocable prior written notice in the form attached hereto as Exhibit B-2 (a "Notice of Borrowing Term Loan Borrowing") prior to 11:00 a.m. Noon (Charlotte time) on the Closing Date requesting that the Lenders make the Term Loans Loan as a Base Rate Loans Loan 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)thereof. Not later than 2:00 3:00 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 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 an irrevocable Notice of Borrowing prior to 11:00 a.m. (Charlotte time) on one Business Day prior to the Closing Date requesting that the Lenders make the Term Loans as Base Rate Loans Loan on such datethe Closing 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)thereof. Not later than 2:00 1:00 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 Agent’s Office 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 Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the BorrowerBorrower in the Notice of Borrowing.