Request for Credit Loan Sample Clauses

Request for Credit Loan. Each Borrowing Notice shall be submitted in writing to the Agent by no later than 4:00 p.m. (Amsterdam time) on the fourth (4th) Business Day prior to the date of the requested Credit Loan, and the Agent shall promptly (but in no event later than 6:00 p.m. (Amsterdam time) on the Business Day after a Borrowing Notice is received) provide each Lender with a copy of each such Borrowing Notice accompanied by all of the attachments set forth in the definition thereof. Such notice shall include a calculation of the Class A Asset Base and, with respect to each Funding Date on which a Credit Loan will be made by a Class B Lender, the Class B Asset Base (calculated, in each case, to include any Eligible Containers and/or Eligible Leases to be acquired with the proceeds of such Credit Loan). Each Borrowing Notice shall constitute a reaffirmation by Borrower that (1) no Default, Event of Default, Early Amortization Event or Servicer Default has occurred and is continuing and no event or condition has occurred or is existing that with the giving of notice or the passage of time or both would constitute an Event of Default, Early Amortization Event or a Servicer Default and (2) the representations and warranties of the Borrower, the Servicer and the Parent Guarantor contained in the Loan Documents are true, correct and complete in all material respects to the same extent as though made on and as of the date of the request, except to the extent such representations and warranties specifically relate to an earlier date, in which event such representations and warranties shall be true, correct and complete in all material respects as of such earlier date.
Sample 1
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Request for Credit Loan. Each Borrowing Notice shall be submitted in writing to the Agent by no later than 4:00 p.m. (Amsterdam time) on the third (3rd) Business Day prior to the date of the requested Credit Loan, and the Agent shall promptly provide each Lender with a copy of each such Borrowing Notice accompanied by all of the attachments set forth in the definition thereof. Such notice shall include a calculation of the Asset Base (calculated to include any Eligible Containers and/or Eligible Leases to be acquired with the proceeds of such Credit Loan). Each Borrowing Notice shall constitute a reaffirmation by Borrower that (1) no Default, Event of Default, Early Amortization Event or Servicer Default has occurred and is continuing and no event or condition has occurred or is existing that with the giving of notice or the passage of time or both would constitute an Early Amortization Event or a Servicer Default and (2) the representations and warranties of the Borrower, the Servicer and the Guarantor contained in the Loan Documents are true, correct and complete in all material respects to the same extent as though made on and as of the date of the request, except to the extent such representations and warranties specifically relate to an earlier date, in which event such representations and warranties shall be true, correct and complete in all material respects as of such earlier date.
Sample 1
Request for Credit Loan. Each Borrowing Notice shall be submitted in writing to the Agent by no later than 4:00 p.m. (Amsterdam time) on the fourth (4th) Business Day prior to the date of the requested Credit Loan, and the Agent shall promptly (but in no event later than 6:00 p.m. (Amsterdam time) on the Business Day after a Borrowing Notice is received) provide each Lender with a copy of each such Borrowing Notice accompanied by all of the attachments set forth in the definition thereof. Such notice shall include a calculation of the Asset Base (calculated to include any Eligible Containers and/or Eligible Leases to be acquired with the proceeds of such Credit Loan). Each Borrowing Notice shall constitute a reaffirmation by Borrower that (1) no Default, Event of Default, Early Amortization Event or Servicer Default has occurred and is continuing and no event or condition has occurred or is existing that with the giving of notice or the passage of time or both would constitute an Event of Default, Early Amortization Event or a Servicer Default and (2) the representations and warranties of the Borrower, the Servicer and the Parent Guarantor contained in the Loan Documents are true, correct and complete in all material respects to the same extent as though made on and as of the date of the request, except to the extent such representations and warranties specifically relate to an earlier date, in which event such representations and warranties shall be true, correct and complete in all material respects as of such earlier date.
Sample 1

Related to Request for Credit Loan

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Request for Credit Extension The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

  • Revolving Credit Loan Requests Swing Loan Requests 2.4.1. Revolving Credit Loan Requests.

  • Revolving Credit Loan Requests Except as otherwise provided herein, subject to the notice requirements set forth in this Section 2.5.1 and the other terms and conditions hereof, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans pursuant to Section 4.2 [Interest Periods], by delivering to the Administrative Agent, not later than 11:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.5.1 or a request by telephone immediately confirmed in writing in such form and delivered by facsimile or email (in “pdf,” “tif” or similar format) (each, a “Loan Request”); it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify or certify, as applicable (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, which amount shall be in (x) an integral multiple of $1,000,000 and not less than $5,000,000 for each Borrowing Tranche under the LIBOR Rate Option and (y) an integral multiple of $50,000 and not less than the lesser of $500,000 or the maximum amount available for Borrowing Tranches to which the Base Rate Option applies; (iii) whether the LIBOR Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the LIBOR Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

  • Loan Request See Section 2.6.

  • Swing Loan Note The obligation of the Borrower to repay the unpaid principal amount of the Swing Loans made to it by PNC Bank together with interest thereon shall be evidenced by a demand promissory note of the Borrower dated the Closing Date in substantially the form attached hereto as Exhibit 1.1(S) payable to the order of PNC Bank in a face amount equal to the Swing Loan Commitment.

  • Optional Conversion of Revolving Credit Advances The Borrower may on any Business Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Conversion and subject to the provisions of Sections 2.07 and 2.11(a), Convert all Revolving Credit Advances of one Type comprising the same Borrowing into Revolving Credit Advances of the other Type (it being understood that such Conversion of a Revolving Credit Advance or of its Interest Period does not constitute a repayment or prepayment of such Revolving Credit Advance); provided, however, that any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurodollar Rate Advances, any Conversion of Base Rate Advances into Eurodollar Rate Advances shall be in an amount not less than the minimum amount specified in Section 2.02(b) and no Conversion of any Revolving Credit Advances shall result in more separate Borrowings than permitted under Section 2.02(b). Each such notice of a Conversion shall be substantially in the form of Exhibit H hereto, and shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Revolving Credit Advances to be Converted, and (iii) if such Conversion is into Eurodollar Rate Advances, the duration of the initial Interest Period for each such Eurodollar Rate Advance. Each notice of Conversion shall be irrevocable and binding on the Borrower.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Swing Loan Requests Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request that PNC Bank make Swing Loans by delivery to PNC Bank not later than 2:00 p.m. Eastern time on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.4.2 hereto or a request by telephone promptly confirmed in writing by letter or facsimile (each, a “Swing Loan Request”), it being understood that the Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify the proposed Borrowing Date and the principal amount of such Swing Loan, which shall be not less than $100,000.

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