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

Procedure for Advance of Term Loans. The Borrower 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 B as a Base Rate Loan (provided that the Borrower may request, no later than three (3) Business Days prior to the Closing Date, that the Term Loan Lenders make the Term Loan B as a LIBOR Rate Loan if the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Term Loan Lenders in the manner set forth in Section 5.10 of this Agreement) and the Term Loan C as a RTFC Variable Rate Loan, as applicable, 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. 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 B and Term Loan C, as applicable, 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 Loans in immediately available funds by wire transfer to such Person or Persons as may be designated by the Borrower in writing.

Procedure for Advance of Term Loans. The Borrower GTS, on behalf of ----------------------------------- the Borrowers, shall give the Administrative Agent an irrevocable prior written notice in the form attached hereto as Exhibit C-2 (a "Notice of Borrowing prior to Term Loan ----------- Borrowing") not later than 11:00 a.m. (Charlotte time) on the Closing Date requesting that the Term Loan Lenders make the Term Loan A Loans and the Term B Loans each as a Base Rate Loan (provided that the Borrower may request, no later than three (3) Business Days prior on such date in an amount equal to the Closing Dateaggregate Term A Loan Commitment and Term B Loan Commitment, that the Term Loan Lenders make the Term Loan B as a LIBOR Rate Loan if the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Term Loan Lenders in the manner set forth in Section 5.10 of this Agreement) and the Term Loan C as a RTFC Variable Rate Loan, as applicable, on such daterespectively. Upon receipt of such Notice of Term Loan Borrowing from GTS on behalf of the BorrowerBorrowers, 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 Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available fundsto the Administrative Agent, such Lender's (i) Term A Loan Percentage of the amount Term A Loans and (ii) Term B Loan Percentage of such the Term Loan B and Term Loan C, as applicable, Loans to be made by such Term Loan Lender on the Closing Date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of the Term Loans each borrowing requested pursuant to this Section 4.2 in immediately available funds by wire transfer crediting or wiring such proceeds to the deposit account of the Borrowers identified in the Notice of Account Designation. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Term A Loan Percentage of such Person Term A Loan or Persons Term B Loan Percentage of such Term B Loan, as may be designated by the Borrower in writingapplicable.

Procedure for Advance of Term Loans. The Borrower Company, on behalf of the Borrowers, shall give the Administrative Agent an irrevocable prior written notice in the form attached hereto as Exhibit C-2 (a "Notice of Borrowing prior to Term Loan Borrowing") not later than 11:00 a.m. (Charlotte time) on the Closing Date requesting that the Term Loan Lenders make the Term Loan A Loans and the Term B Loans each as a Base Rate Loan (provided that the Borrower may request, no later than three (3) Business Days prior on such date in an amount equal to the Closing Dateaggregate Term A Loan Commitment and Term B Loan Commitment, that the Term Loan Lenders make the Term Loan B as a LIBOR Rate Loan if the Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Term Loan Lenders in the manner set forth in Section 5.10 of this Agreement) and the Term Loan C as a RTFC Variable Rate Loan, as applicable, on such daterespectively. Upon receipt of such Notice of Term Loan Borrowing from the BorrowerCompany on behalf of the Borrowers, 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 Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available fundsto the Administrative Agent, such Lender's (i) Term A Loan Percentage of the amount Term A Loans and (ii) Term B Loan Percentage of such the Term Loan B and Term Loan C, as applicable, Loans to be made by such Term Loan Lender on the Closing Date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of the Term Loans each borrowing requested pursuant to this Section 4.2 in immediately available funds by wire transfer crediting or wiring such proceeds to the deposit account of the Borrowers identified in the Notice of Account Designation. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Term A Loan Percentage of such Person Term A Loan or Persons Term B Loan Percentage of such Term B Loan, as may be designated by the Borrower in writingapplicable.

Procedure for Advance of Term Loans. (a) InitialThird Amendment Term Loan. The Parent Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. on the Closing ClosingThird Amendment Effective Date requesting that the Term Loan Lenders make the InitialThird Amendment Term Loan B as a Base Rate Loan on such date (provided that the Parent Borrower may request, no later than three threeone (331) Business Days DaysDay prior to the Closing ClosingThird Amendment Effective Date, that the Term Loan Lenders make the InitialThird Amendment Term Loan B as a LIBOR Rate Loan if the Parent Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Term Loan Lenders in the manner set forth in in, subject to Section 5.10 4.9 of this Agreement) and the Term Loan C as a RTFC Variable Rate Loan, as applicable, on such date). Upon receipt of such Notice of Borrowing from the Parent Borrower, the Administrative Agent shall promptly notify each Term Loan Lender thereof. Not later than 2:00 1:00 p.m. on the Closing ClosingThird Amendment Effective Date, each Term Loan Lender will make available to the Administrative Agent for the account of the Parent Borrower, at the office of the Administrative Agent Agent’s Office in immediately available funds, the amount of such InitialThird Amendment Term Loan B and Term Loan C, as applicable, to be made by such Term Loan Lender on the Closing ClosingThird Amendment Effective Date. The Parent Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the InitialThird Amendment Term Loans Loan in immediately available funds by wire transfer to such Person or Persons as may be designated by the Parent Borrower in writing.. (b)