Common use of Requesting Revolving Loans Clause in Contracts

Requesting Revolving Loans. The Borrower shall give the Agent notice pursuant to a Notice of Borrowing of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Agent before 11:00 a.m. (i) in the case of LIBOR Loans, on the date three Business Days prior to the proposed date of such borrowing and (ii) in the case of Base Rate Loans or LIBOR Daily Loans, on the Business Day of such borrowing. The Agent will transmit by telecopy the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Agent. Each Notice of Borrowing of each borrowing shall be irrevocable once given and binding on the Borrower.

Requesting Revolving Loans. The Borrower shall give the Agent notice pursuant to a Notice of Borrowing of each borrowing of Revolving Loans. Each Notice of Borrowing shall be delivered to the Agent before 11:00 a.m. 9:00 a.m. (ia) in the case of LIBOR Loans, on the date three Business Days prior to the proposed date of such borrowing and (iib) in the case of Base Rate Loans or LIBOR Daily Loans, on the date one Business Day prior to the proposed date of such borrowing. The Agent will transmit by telecopy or other similar form of transmission the Notice of Borrowing (or the information contained in such Notice of Borrowing) to each Lender promptly upon receipt by the Agent. Each Notice of Borrowing of each borrowing shall be irrevocable once given and binding on the Borrower.