Common use of Requesting Loans Clause in Contracts

Requesting Loans. In order to obtain the Loans hereunder (excluding, for the avoidance of doubt, conversions of outstanding Loans which shall be made pursuant to Section 2.8), the Borrower shall give the Administrative Agent irrevocable notice (the “Borrowing Notice”) not later than 11:00 a.m. at least one (1) Business Day before the Closing Date to the extent such Loans will constitute a Floating Rate Advance, and one (1) Business Day before the Closing Date to the extent such Loans will constitute a Eurodollar Advance (provided, that any request for a Eurodollar Advance shall be accompanied by a written agreement to indemnify the Lenders for loss or costs of the type described in Section 3.4 notwithstanding that this Agreement may not yet be effective), specifying: (i) the date of such Advance, which shall be the Closing Date and a Business Day, (ii) the aggregate amount of such Advance, (iii) the Type of Advance selected, and (iv) in the case of a Eurodollar Advance, the Interest Period applicable thereto. Not later than 1:00 p.m. on the Closing Date, each Lender shall make available its Pro Rata Share of the Loans in funds immediately available to the Administrative Agent at its address specified pursuant to Article 13. The Administrative Agent will make the funds so received from the Lenders available to the Borrower at the Administrative Agent’s aforesaid address.