Common use of Request for Borrowing Clause in Contracts

Request for Borrowing. (a) To request a Borrowing of Loans on the Closing Date, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 p.m., Local Time, two (2) Business Days before the Closing Date. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall specify the following information in compliance with Section 2.02: (i) the aggregate amount of the requested Borrowing; (ii) the date of such Borrowing, which shall be a Business Day; and (iii) the location and number of the Borrower’s account to which funds are to be disbursed. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 2 contracts

Sources: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)

Request for Borrowing. (a) To request a the Borrowing of Loans on the Closing DateInitial Loans, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 p.m.noon, Local TimeNew York time, two one (21) Business Days Day before the Closing Datedate of the proposed Borrowing. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following information in compliance with Section 2.02information: (ia) the aggregate amount of the requested Borrowing; (iib) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and (iiid) the location and number of the Borrower’s account to which funds are to be disbursed. Promptly following receipt of a the Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing.

Appears in 2 contracts

Sources: Bridge Loan Agreement (Lyondell Chemical Co), Bridge Loan Agreement (Lyondell Chemical Co)

Request for Borrowing. (a) To request a the Borrowing of Loans on the Closing DateInitial Loans, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 p.m.noon, Local TimeNew York time, two one (21) Business Days Day before the Closing Datedate of the proposed Borrowing. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall be consistent with the Funds Flow Memorandum and shall specify the following information in compliance with Section 2.02information: (ia) the aggregate amount of the requested Borrowing; (iib) the date of such Borrowing, which shall be a Business Day; (c) the initial Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term Interest Period; and (iiid) the location and number of the Borrower’s Borrowers account to which funds are to be disbursed. Promptly following receipt of a the Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Lenders Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Sources: Bridge Loan Agreement (Lyondell Chemical Co)

Request for Borrowing. (a) To request a Borrowing of Loans on the Closing Date, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering a Borrowing Request signed by the Borrower not later than 12:00 p.m., Local Time, two (2) Business Days before the Closing Date. Such Borrowing Request shall be irrevocable. Each such written Borrowing Request shall specify the following information in compliance with Section 2.02: (i) the aggregate amount of the requested Borrowing; (ii) the date of such Borrowing, which shall be a Business Day; and (iii) the location and number of the Borrower’s account to which funds are to be disbursed. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such LenderL▇▇▇▇▇’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Tuesday Morning Corp/De)

Request for Borrowing. (a) To request a Borrowing of Loans on the Closing DateBorrowing, the Borrower shall notify the Administrative Agent of such request in writing (delivered by email) by delivering submitting a Borrowing Request signed by the Borrower not later than 12:00 p.m., Local Time, two 11:00 a.m. (2New York City time) one (1) U.S. Government Securities Business Days Day before the Closing Datedate of the proposed Borrowing. Such Borrowing Request shall be irrevocableirrevocable and shall be completed and signed by a ​ ​ Responsible Officer of the Borrower. Each such written Such Borrowing Request shall specify the following information in compliance with Section 2.02: (i) the aggregate amount of the requested Borrowing; (ii) the date of such Borrowingapplicable Borrowing Date, which shall be a Business DayDay falling within the Availability Period; and (iii) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender▇▇▇▇▇▇’s Loan to be made as part of the requested Borrowing.

Appears in 1 contract

Sources: Loan Agreement (Telecom Argentina Sa)