Request for Term Loans Sample Clauses

Request for Term Loans. The Borrower shall deliver to the Administrative Agent a Notice of Borrowing requesting that the Term Loan Lenders make Term Loans on the Effective Date. Such Notice of Borrowing shall be delivered to the Administrative Agent not later than 9:00 a.m. Pacific time at least 1 Business Day prior to the Effective Date for Term Loans that are to be Base Rate Loans and not later than 9:00 a.m. Pacific time at least 3 Business Days prior to the Effective Date for Term Loans that are to be LIBOR Loans. Such Notice of Borrowing shall specify the aggregate principal amount of the Term Loans to be borrowed, the Type of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans.
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Request for Term Loans. Not later than 12:00 noon Eastern time at least one (1) Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 12:00 noon Eastern time at least three (3) Business Days prior to a borrowing of Term Loans that are to be LIBOR Loans, the Borrower Representative shall request the borrowing of Term Loans by either (i) a telephonic notice to the Administrative Agent, promptly followed by the delivery of a Notice of Borrowing, or (ii) delivering to the Administrative Agent a Notice of Borrowing. The Borrowers may only request one borrowing of Term Loans. Such Notice of Borrowing shall specify the name of the Borrower requesting the Term Loans, the aggregate principal amount of the Term Loans to be borrowed, the date such Term Loans are to be borrowed (which must be a Business Day), the use of the proceeds of such Term Loans, the Type of the requested Term Loans, and if such Term Loans are to be LIBOR Loans, the initial Interest Period for such Term Loans. Such Notice of Borrowing shall be irrevocable once given and binding on the applicable Borrower. Prior to delivering such Notice of Borrowing, the Borrower Representative may (without specifying whether a Term Loan will be a Base Rate Loan or a LIBOR Loan) request that the Administrative Agent provide the Borrower Representative with the most recent LIBOR available to the Administrative Agent. The Administrative Agent shall provide such quoted rate to the Borrower Representative on the date of such request or as soon as possible thereafter.
Sample 1
Request for Term Loans. The Borrower shall give the Agent irrevocable prior written notice in the form attached hereto as Exhibit G (the "Notice of Request for Term Loans"), not later than 11:00 a.m. (Charlotte time) at least three (3) Business Days before the Term Loans are to be advanced, of its request for the Term Loans, specifying (A) the date the Term Loans are to be advanced, which shall be a Business Day and (B) the amount of the Term Loans. If the Notice of Request for Term Loans is received after 11:00 a.m. (Charlotte time), it shall be deemed received on the next Business Day. The Agent shall promptly notify the Lenders of its receipt of the Notice of Request for Term Loans.
Sample 1
Request for Term Loans. The Term Loans shall be made on at least one Business Day's prior notice from Borrowers to the Agent by means of a Loan Request Form containing the information required therein.
Sample 1
Request for Term Loans. At or before 9:00 a.m. on (i) the Effective Date, (ii) the date within fifteen days of the Effective Date on which the Borrower requests that the Term Loans be funded solely as Base Rate Loans, or (iii) three Business Days prior to the date within fifteen days of the Effective Date on which the Borrower requests that the Term Loans be funded either (A) solely as LIBOR Loans or (B) as a combination of Base Rate and LIBOR Loans, the Borrower shall submit a written Request for Funding of Term Loans in the form of Exhibit 2.1(b) to the Administrative Agent. The Request for Funding of Term Loans shall set forth (A) the date on which the Borrower requests that the Term Loans be funded, (B) whether the Borrower is requesting that the Term Loans be funded as Base Rate Loans or LIBOR Loans and (C) with respect to Term Loans that shall be LIBOR Loans, the Interest Period applicable thereto. If the Borrower shall fail to specify an Interest Period in the case of LIBOR Loans, the such LIBOR Loans shall be deemed to have an Interest Period of one month.
Sample 1
Request for Term Loans. The Borrower shall deliver to the Administrative Agent a Notice of Borrowing requesting that the Term Loan Lenders make Term Loans on the Effective Date. Such Notice of Borrowing shall be delivered to the Administrative Agent not later than 9:00 a.m. Pacific time at least 1 Business Day prior to the Effective Date for Term Loans that are to be Base Rate Loans and not later than 9:00 a.m. Pacific time at least 3 Business Days prior to the Effective Date for Term Loans that are to be Term SOFR Loans. Such Notice of Borrowing shall specify the aggregate principal amount of the Term 1 Loans and the Term 2 Loans to be borrowed, the Type of the requested Term 1 Loans and requested Term 2 Loans and if such Term 1 Loans or such Term 2 Loans are to be Term SOFR Loans, the initial Interest Period for such Term Loans. (d)
Sample 1
Request for Term Loans. The Borrower shall deliver to the Administrative Agent a Notice of Borrowing requesting that the Term Loan Lenders make their respective Term Loans on the Effective Date. Such Notice of Borrowing shall be delivered to the Administrative Agent not later than 11:00 a.m. Central time at least 1 Business Day prior to a borrowing of Term Loans that are to be Base Rate Loans and not later than 11:00 a.m. Central time at least 3 U.S. Government Securities Business Days prior to a borrowing of Term Loans that are to be Term SOFR Loans. Such Notice of Borrowing shall specify the aggregate principal amount of the Term 1 Loans and the Term 2 Loans to be borrowed, the Type of the requested Term 1 Loans and requested Term 2 Loans and if such Term 1 Loans or such Term 2 Loans are to be Term SOFR Loans, the initial Interest Period for such Term Loans. ​
Sample 1
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Request for Term Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit C hereto) of the Term Loans requested by the Borrower hereunder (a “Loan Request”) on the Closing Date and, if applicable, two (2) Business Days prior to any Subsequent Funding Date. Each Loan Request shall specify (i) the principal amount of the Term Loans requested and (ii) the Interest Period for the Term Loans. Notwithstanding anything to the contrary herein, each Term Loan shall initially be a Base Rate Loan. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Term Loans requested from the Lenders on the Closing Date and, if applicable, on any Subsequent Funding Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000.
Sample 1
Request for Term Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit C hereto (or telephonic notice confirmed in a writing in the form of Exhibit C hereto) of the Term Loans requested by the Borrower hereunder (a “Loan Request”) on the third Business Day prior to the Restatement Date and, if applicable, two (2) Business Days prior to any Subsequent Funding Date. Each Loan Request shall specify (i) the principal amount of the Term Loans requested and (ii) the Interest Period for the Term Loans. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Term Loans requested from the Lenders on the Restatement Date and, if applicable, on any Subsequent Funding Date. Each Loan Request shall be in a minimum aggregate amount of $1,000,000.
Sample 1

Related to Request for Term Loans

  • Procedure for Term Loan Borrowing The Borrower shall deliver to the Administrative Agent a Borrowing Notice (which shall be irrevocable and must be received by the Administrative Agent prior to 11:00 a.m., New York City time, in the case of borrowing of Eurodollar Loans, three (3) Business Days prior to the anticipated Closing Date and, in the case of a borrowing of ABR Loans, one (1) Business Day prior to the anticipated Closing Date) requesting that the Term Lenders make the Term Loans on the Closing Date in an amount equal to the aggregate amount of Term Commitments. Upon receipt of any such Borrowing Notice the Administrative Agent shall promptly notify each relevant Term Lender thereof. Not later than 12:00 Noon, New York City time, on the Closing Date, each Term Lender shall make available to the Administrative Agent at the Funding Office (or by wire transfer to the Administrative Agent Account, unless otherwise directed in writing by the Administrative Agent) an amount in immediately available funds equal to the Term Loan to be made by such Lender. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the applicable Term Lenders in immediately available funds. Subject to Section 2.21(g) to the extent applicable, the respective obligations of each Lender under this Agreement are several and not joint and no Lender shall be responsible for the failure of any other Lender to satisfy its obligations hereunder.

  • Borrowing Mechanics for Term Loans (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

  • 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.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (Hamburg time) 3 Business Days prior to the intended Drawdown Date.

  • The Term Borrowing Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single term loan denominated in Dollars to the Borrower on the Closing Date in an amount not to exceed such Term Lender’s Term Commitment. The Term Borrowing shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Term Commitments. Amounts borrowed under this Section 2.01(a) and subsequently repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

  • Content of Borrowing Requests Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

  • Request for a Panel 1. Unless the Parties agree on a different period for consultations, a complaining Party may request in writing the establishment of a Panel if the consultation referred to in the Article 176 (Consultations) fails to resolve a matter within 60 days, after the date of receipt of the request for consultations or 50 days in case of urgent matters. 2. The complaining Party shall deliver the request to the other Party, indicating at least, the reason of the request, the identification of the measure, an indication of the provision of this Agreement that it considers relevant and an indication of the legal basis of the complaint. The Panel will be considered as established on the date of receipt of the corresponding request to the other Party. 3. Unless otherwise agreed by the disputing Parties, the Panel shall be selected and perform its functions in a manner consistent with the provisions of this Chapter.

  • Procedure for Swingline Borrowing; Refunding of Swingline Loans (a) Whenever the Borrower desires that the Swingline Lender make Swingline Loans it shall give the Swingline Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swingline Lender not later than 1:00 P.M., New York City time, on the proposed Borrowing Date), specifying (i) the amount to be borrowed and (ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Commitment Period). Each borrowing under the Swingline Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof. Not later than 3:00 P.M., New York City time, on the Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the amount of the Swingline Loan to be made by the Swingline Lender. The Administrative Agent shall make the proceeds of such Swingline Loan available to the Borrower on such Borrowing Date by depositing such proceeds in the account of the Borrower with the Administrative Agent on such Borrowing Date in immediately available funds.

  • Authorization of Borrowing The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

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