Common use of Requesting Revolving Loans Clause in Contracts

Requesting Revolving Loans. The Borrower shall give the Lender notice pursuant to a Notice of Borrowing or telephonic notice of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Lender before 11:00 a.m. on the day one Business Day prior to proposed date of such borrowing (which date must be a Business Day). Any such telephonic notice shall include all information to be specified in a written Notice of Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Borrowing. Each Revolving Loan shall be in a minimum amount of $1,000,000 and integral multiples of $100,000 in excess thereof.