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. (New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,000. Such Notice of Borrowing shall specify:

Appears in 2 contracts

Samples: Credit Agreement (Radioshack Corp), Credit Agreement (Radioshack Corp)

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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 2:00 p.m. (New York time) (i) on the requested Borrowing date of each Base Rate Loan equal to or less than $50,000,000, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000 and (iii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,000. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Constar International 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 p.m. (New York time) (ix) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, Loan and (iiy) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,000Loan. Such Notice of Borrowing shall specify:: (i) the amount of the Borrowing (which shall be in an aggregate minimum principal amount of $100,000);

Appears in 1 contract

Samples: Credit Agreement (Nobilis Health Corp.)

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 2:00 p.m. (New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $25,000,000, and (iii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,00025,000,000. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Diplomat Pharmacy, Inc.)

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. (New York time) (i) on the date which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is one three (13) Business Day Days prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, 15,000,000 and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,00015,000,000. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Winnebago Industries Inc)

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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. (New York time) (i) on the date which is three (3) 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 in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,000. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Possession Credit Agreement (Radioshack Corp)

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 p.m. (New York time) 11:00 a.m. (i) on the requested Borrowing date of each Base Rate Loan equal to or less than $50,000,000, (ii) on the date which is three (3) Business Days prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000 and (iii) on the day which is three (3) Business Days prior to the requested Borrowing date in the case of each LIBOR Rate Loan, (ii) on the date which is one (1) Business Day prior to the requested Borrowing date of each Base Rate Loan in excess of $50,000,000, and (iii) on the requested Borrowing date in the case of each Base Rate Loan equal to or less than $50,000,000. Such Notice of Borrowing shall specify:

Appears in 1 contract

Samples: Credit Agreement (Talbots Inc)

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