Common use of Request Requirements Clause in Contracts

Request Requirements. By written notice sent to the Administrative Agent (which the Administrative Agent shall promptly distribute to the Banks), ▇▇▇▇▇▇▇▇ may request on one or more occasions an advance of a term loan; provided that: (A) the Term Loans shall be denominated in Dollars or an Available Currency and shall be in an aggregate Dollar Amount equal to any integral multiple of $1,000,000 and not less than $10,000,000; (B) the sum of the Revolving Commitments plus the aggregate outstanding principal Dollar Amount of all Term Loans shall not at any time exceed $1,500,000,000; (C) no Default exists or would result after giving effect to the making of the proposed Term Loan and the use of proceeds therefrom; (D) the Term Loans shall either be ABR Loans, Term Benchmark Loans or Available Currency Loans and the Term Benchmark Margin and Base Margin shall be applicable thereto; and (E) the Term Loans shall amortize at set forth in the Term Loan Supplement.

Appears in 1 contract

Sources: Credit Agreement (Carlisle Companies Inc)

Request Requirements. By written notice sent to the Administrative Agent (which the Administrative Agent shall promptly distribute to the Banks), ▇▇▇▇▇▇▇▇ Carlisle may request on one or more occasions an advance of a term loan; provided that: (A) the Term Loans shall be denominated in Dollars or an Available Currency and shall be in an aggregate Dollar Amount equal to any integral multiple of $1,000,000 and not less than $10,000,000; (B) the sum of the Revolving Commitments plus the aggregate outstanding principal Dollar Amount of all Term Loans shall not at any time exceed $1,500,000,000; (C) no Default exists or would result after giving effect to the making of the proposed Term Loan and the use of proceeds therefrom; (D) the Term Loans shall either be ABR Loans, Term Benchmark Eurodollar Loans or Available Currency Loans and the Term Benchmark Eurodollar Margin and Base Margin shall be applicable thereto; and (E) the Term Loans shall amortize at set forth in the Term Loan Supplement.

Appears in 1 contract

Sources: Credit Agreement (Carlisle Companies Inc)

Request Requirements. By written notice sent to the Administrative Agent (which the Administrative Agent shall promptly distribute to the Banks), ▇▇▇▇▇▇▇▇ Carlisle may request on one or more occasions an advance of a term loan; provided that:: - (A) the Term Loans shall be denominated in Dollars or an Available Currency and shall be in an aggregate Dollar Amount equal to any integral multiple of $1,000,000 and not less than $10,000,000; (B) the sum of the Revolving Commitments plus the aggregate outstanding principal Dollar Amount of all Term Loans shall not at any time exceed $1,500,000,000; (C) no Default exists or would result after giving effect to the making of the proposed Term Loan and the use of proceeds therefrom; (D) the Term Loans shall either be ABR Loans, Term EurodollarTerm Benchmark Loans or Available Currency Loans and the Term EurodollarTerm Benchmark Margin and Base Margin shall be applicable thereto; and (E) the Term Loans shall amortize at set forth in the Term Loan Supplement.

Appears in 1 contract

Sources: Credit Agreement (Carlisle Companies Inc)