Common use of Procedure for Revolving Credit Borrowing Clause in Contracts

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. (Chicago time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify:

Appears in 3 contracts

Samples: Credit Agreement (GSE Holding, Inc.), First Lien Revolving Credit Agreement (GSE Holding, Inc.), Revolving Credit Agreement (GSE Holding, Inc.)

AutoNDA by SimpleDocs

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 p.m. 12:00 noon (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan Loan, and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.511.5 hereof) written notice delivered to the Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to AgentBorrowing, which notice must be received by the Agent prior to 1:00 p.m. 10:00 a.m. (Chicago Denver, Colorado time) (i) on the date day which is one (1) Business Day prior to the requested Borrowing date in the case of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Ute Energy Upstream Holdings LLC)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago timei) on the date which is three (i3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, and (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (NxStage Medical, Inc.)

AutoNDA by SimpleDocs

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the BorrowerBorrower Representative’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 2:00 p.m. (Chicago time) (ix) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan and (y) on the date which is one (1) Business Days prior to the requested Borrowing date in the case of each Base Rate Loan. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Igi Laboratories, Inc)

Procedure for Revolving Credit Borrowing. (a) Each Borrowing of a Revolving Loan shall be made upon the Borrower’s irrevocable (subject to Section 10.5) written notice delivered to Agent substantially in the form of a Notice of Borrowing or in a writing in any other form acceptable to Agent, which notice must be received by Agent prior to 1:00 12:00 p.m. (Chicago New York time) (i) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan and (ii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan. Such Notice of Borrowing Loan and shall specify:

Appears in 1 contract

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.