Procedure for the Advance of the Closing Date Term Loans. The Closing Date Term Loans were fully-advanced to the Borrower on the Closing Date.
Procedure for the Advance of the Closing Date Term Loans. (1) The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing prior to 11:00 a.m. (New York time) (i) on the Closing Date requesting that the Lenders make the Loan as a Base Rate Loan on such date; or (ii) no later than five (5) Business Days prior to the Closing Date (or such later date as may be agreed by the Administrative Agent), requesting that the Lenders make the Loan as a LIBO Rate Loan if Borrower has delivered to the Administrative Agent a letter in form and substance reasonably satisfactory to the Administrative Agent indemnifying the Lenders in the manner set forth in Section 2.02(f) of this Agreement.
