Common use of Procedure for Revolving Loans Clause in Contracts

Procedure for Revolving Loans. The Borrower shall give the Lender written notice (or telephonic notice promptly confirmed in writing) of each Revolving Loan substantially in the form of Exhibit 2.2 (a "Notice of Revolving Borrowing") (x) prior to 10:00 a.m. on the same Business Day of the making of each Base Rate Loan requested and (y) prior to 11:00 a.m. two (2) Business Days prior to the requested date of each Eurodollar Loan. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the principal amount of the Revolving Loan, (ii) the proposed date of such Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan and (iv)in the case of a Eurodollar Loan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period). The aggregate principal amount of each Eurodollar Loan shall be not less than $1,000,000 or a larger multiple of $250,000, and the principal amount of each Base Rate Loan shall not be less than $100,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment. At no time shall the total number of Eurodollar Loans outstanding at any time exceed five. Upon the satisfaction of the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing by crediting an account maintained by the Borrower with the Lender or at the Borrower's option, by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender.

Procedure for Revolving Loans. The Borrower shall give ----------------------------- the Lender written notice (or telephonic notice promptly confirmed in writing) of each Revolving Loan substantially in the form of Exhibit 2.2 B (a "Notice of --------- Revolving Borrowing") (x) prior to 10:00 a.m. on the same Business Day of the making of each Base Rate Loan requested and (y) prior to 11:00 a.m. two (2) Business Days prior to the requested date of each Eurodollar Loan. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the principal amount of the Revolving Loan, (ii) the proposed date of such Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan and (iv)in iv) in the case of a Eurodollar Loan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period). The aggregate principal amount of each Eurodollar Loan shall be not less than $1,000,000 or a larger multiple of $250,000, 100,000 and the principal amount of each Base Rate Loan shall not be less than $100,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment; provided, however, the -------- ------- preceding amount limitations shall not apply to the initial Revolving Loan proceeds of which are to be used to repay obligations owing under the Existing Credit Facility. At no time shall the total number of Eurodollar Loans outstanding at any time exceed five. Upon the satisfaction of the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing by crediting an account maintained by the Borrower with the Lender or at the Borrower's option, by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender.

Procedure for Revolving Loans. The Borrower shall give the Lender Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each Revolving Loan Borrowing substantially in the form of Exhibit 2.2 attached hereto (a "“Notice of Revolving Borrowing"”) (x) prior to 10:00 11:00 a.m. on the same one (1) Business Day of prior to the making requested date of each Base Rate Loan requested Borrowing and Federal Funds Rate Borrowing and (y) prior to 11:00 a.m. two three (23) Business Days prior to the requested date of each Eurodollar LoanBorrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the aggregate principal amount of the Revolving Loansuch Borrowing, (ii) the proposed date of such Revolving Loan Borrowing (which shall be a Business Day), (iii) the Type of such Revolving Loan and comprising such Borrowing, (iv)in iv) in the case of a Eurodollar LoanBorrowing, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period)) and (v) the location and number of the Borrower’s deposit account to which the proceeds of such Borrowing should be disbursed. Each Borrowing shall consist entirely of Base Rate Loans, Federal Funds Rate Loans or Eurodollar Loans, as the Borrower may request. The aggregate principal amount of each Eurodollar Loan Borrowing shall be not less than $5,000,000 or a larger multiple of $1,000,000 and the aggregate principal amount of each Federal Funds Rate Borrowing and each Base Rate Borrowing, respectively, shall not be less than $1,000,000 or a larger multiple of $250,000, and the principal amount of each Base Rate Loan shall not be less than $100,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment100,000. At no time shall the total number of Eurodollar Loans Borrowings outstanding at any time exceed fiveten. Upon Promptly following the satisfaction receipt of a Notice of Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the applicable conditions set forth in Article III hereof, details thereof and the Lender will make the proceeds amount of each such Lender’s Revolving Loan available to be made as part of the Borrower at the Payment Office on the date specified in the applicable Notice of requested Revolving Borrowing by crediting an account maintained by the Borrower with the Lender or at the Borrower's option, by effecting a wire transfer of such amount to an account designated by the Borrower to the LenderBorrowing.

Procedure for Revolving Loans. The Borrower shall give the Lender written notice (or telephonic notice promptly confirmed in writing) of each Revolving Loan substantially in the form of Exhibit 2.2 (a "“Notice of Revolving Borrowing") (x) prior to 10:00 a.m. on the same Business Day of the making of each Base Rate Loan requested and (y”) prior to 11:00 a.m. Eastern time two (2) Business Days prior to the requested date of each Eurodollar Loanon which a Revolving Loan is being requested. Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the principal amount of the Revolving Loan, (ii) the proposed date of such Revolving Loan (which shall be a Business Day), (iii) the Type of such Revolving Loan and Loan, (iv)in iv) in the case of a Eurodollar LIBOR Loan, the duration of the initial Interest Period applicable thereto (subject to the provisions of the definition of Interest Period).), and (v) its purpose. Each Revolving Loan shall consist entirely of Base Rate Loans or LIBOR Loans, as the Borrower may request. The aggregate principal amount of each Eurodollar LIBOR Loan shall be not less than $1,000,000 5,000,000 or a larger multiple of $250,0001,000,000, and the aggregate principal amount of each Base Rate Loan shall not be less than $100,000 1,000,000 or a larger multiple of $50,000, or in such lesser amounts equal to the amount of the unused Revolving Commitment100,000. At no time shall the total number of Eurodollar LIBOR Loans outstanding at any time exceed five. Upon the satisfaction of the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing by crediting an account maintained by the Borrower with the Lender or at the Borrower's ’s option, by effecting a wire transfer of such amount to an account designated by the Borrower to the Lender.