Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m. (i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (Centuri Holdings, Inc.), Credit Agreement (Southwest Gas Corp)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) to (i) the Administrative Agent with respect to any Loan (other than a Swingline Loan made by way of overdraft) and (ii) the Swingline Lender, with respect to each Swingline Loan (other than a Swingline Loan made by way of overdraft). Such Notice of Borrowing shall be delivered not later than 11:00 a.m.12:00 p.m.
(i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (F) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit applicable Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (AbitibiBowater Inc.), Credit Agreement (Bowater Inc)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR LIBOR Rate Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (Southwest Gas Corp), Credit Agreement (Southwest Gas Corp)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent and, with respect to each Swingline Loan (other than a Swingline Loan made by way of overdraft), the Swingline Lender irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.12:00 p.m.
(i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (FE) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (Bowater Inc), Credit Agreement (Bowater Inc)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian US Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than and each Canadian Swingline Loans), Loan and (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans (other than Canadian Swingline Loans) in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000 or a whole multiple of $500,000 (or C$500,000) 100,000 in excess thereof, (y) with respect to SOFR LIBOR Rate Loans, in an aggregate principal amount of $2,000,000 3,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 25,000 or a whole multiple of $100,000 (or C$100,000) 25,000 in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 2 contracts
Sources: Credit Agreement (DXP Enterprises Inc), Credit Agreement (DXP Enterprises Inc)
Requests for Borrowing. The applicable Borrower US Borrower, on behalf of itself and the Subsidiary Borrowers, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 12:00 noon on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) 12:00 noon at least three (3) Business Days before each LIBOR Rate Loan denominated in Dollars, (iii) 12:00 noon at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Dollar Loan and (iv) 12:00 noon at least four (4) Business Days before each CDOR LIBOR Rate LoanLoan denominated in Euros, of its intention to borrow, specifying specifying:
(A) if the applicable Borrower is the US Borrower, the Canadian Borrower or the Dutch Borrower;
(B) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) or a whole multiple of $100,000 (or C$100,000) in excess thereof, ;
(C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, Canadian Dollar Loan or Euro Loan;
(D) in the case of a US Revolving Credit Loan, whether the Loans are to such Revolving Credit Loan shall be SOFR Loans a LIBOR Rate Loan or a Base Rate Loans, Loan;
(E) in the case of a Canadian Revolving Credit Dollar Loan, whether the Loans are to such Canadian Dollar Loan shall be a CDOR Rate Loans Loan or Canadian Base Rate Loans, and Loan;
(F) in the case of if such Loan is a SOFR LIBOR Rate Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto; and
(G) the amount of such borrowing, which shall be, (1) with respect to Base Rate Loans, in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars, in an aggregate principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, (4) with respect to Canadian Base Rate Loans, in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000 in excess thereof, (5) with respect to CDOR Rate Loans, in an aggregate principal amount of C$1,000,000 or a whole multiple of C$1,000,000 in excess thereof and (6) with respect to Euro Loans, in an aggregate principal amount of 1,000,000 EUR or a whole multiple of 500,000 EUR in excess thereof. A Notice of Borrowing received after 11:00 a.m. the times set forth above shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (Pool Corp)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent and, with respect to each Swingline Loan (other than a Swingline Loan made by way of overdraft), the Swingline Lender irrevocable prior written notice substantially in the form of Exhibit B (a “"Notice of Borrowing”") not later than 11:00 a.m.12:00 p.m.
(i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (FE) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR RateSOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR LIBOR RateSOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR LIBOR RateSOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR LIBOR RateSOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans (other than Canadian Swingline Loans) in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR LIBOR Rate Loans, in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent and, with respect to each Swingline Loan (other than a Swingline Loan made by way of overdraft), the Swingline Lender irrevocable prior written notice substantially in the form of Exhibit B (a “"Notice of Borrowing”") not later than 11:00 a.m.
12:00 p.m. (i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (FE) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “"Notice of Borrowing”") not later than 11:00 a.m.
(i) 10:00 a.m. (Chicago time) on the same Business Day as each Base Rate Loan, each US Loan (other than Swingline Loan Loans) and each Canadian Quoted Swingline Rate Loan, (ii) 12:00 noon (Chicago time) on the same Business Day as each Swingline Loan (other than Quoted Swingline Rate Loans), (iii) 10:00 a.m. (Chicago time) at least three (3) Business Days before each LIBOR Rate Loan, (iv) 12:00 noon (the time of the Administrative Agent's Correspondent) at least three (3) Canadian Business Days before each Canadian BA Borrowing, of its intention to borrow, and (v) 12:00 noon (the time of the Administrative Agent's Correspondent) at least one (1) Canadian Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying specifying:
(A) the date of such borrowing, which shall be (1) a Business Day, Day for Revolving Credit Loans and Swingline Loans or (2) a Canadian Business Day for Alternative Currency Loans,
(B) whether such Loan is to be a Revolving Credit Loan, an Alternative Currency Loan or a Swingline Loan,
(C) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base Rate Loan,
(D) if such Loan is a Swingline Loan, whether such Swingline Loan shall be a Quoted Swingline Rate Loan or a Base Rate Loan,
(E) if such Loan is an Alternative Currency Loan, whether such Alternative Currency Loan shall be a Canadian Base Rate Loan or a Canadian BA Borrowing,
(F) the amount of such borrowing, which shall bebe in an amount equal to the amount of the Revolving Credit Commitment or the Alternative Currency Commitment, as applicable, then available to the applicable Borrower, or if less, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans ), in an aggregate principal amount of $2,000,000 (or C$2,000,000) 3,000,000 or a whole multiple of $500,000 (or C$500,000) 1,000,000 in excess thereof, (y2) with respect to SOFR LIBOR Rate Loans, in an aggregate principal amount of $2,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to Canadian Base Rate Loans, in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000 in excess thereof, (4) with respect to Canadian BA Borrowings, in an aggregate principal amount of C$1,500,000 or a whole multiple of C$500,000 in excess thereof and (z5) with respect to Swingline Loans Loans, in an aggregate principal amount of $500,000 (or C$500,000) 1,000,000 or a whole multiple of $100,000 (or C$100,000) in excess thereof, ,
(C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (DG) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR LIBOR Rate Loan, the duration of the Interest Period applicable thereto. , and
(H) in the case of a Canadian BA Borrowing, the date and amount of Acceptances and the Canadian Interest Period applicable thereto, A Notice of Borrowing received after 11:00 a.m. the times set forth above for such Revolving Credit Loan, Alternative Currency Loan or Swingline Loan shall be deemed received on the next Business Day or US Government Securities Canadian Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (G&k Services Inc)
Requests for Borrowing. The applicable Borrower US Borrower, on behalf of itself and the Subsidiary Borrowers, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 12:00 noon on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) 12:00 noon at least three (3) Business Days before each LIBOR Rate Loan denominated in Dollars or Canadian Dollars, (iii) 12:00 noon at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) 12:00 noon at least four (4) Business Days before each CDOR LIBOR Rate LoanLoan denominated in Euros, of its intention to borrow, specifying specifying:
(A) if the applicable Borrower is the US Borrower, the Canadian Borrower or the Dutch Borrower;
(B) the date of such borrowing, which shall be a Business Day;
(C) whether such Loan is to be a Revolving Credit Loan, Swingline Loan, Canadian Dollar Loan or Euro Loan;
(BD) whether such Revolving Credit Loan shall be a LIBOR Rate Loan, a Base Rate Loan or Canadian Base Rate Loan;
(E) if such Loan is a LIBOR Rate Loan, the duration of the Interest Period applicable thereto; and
(F) the amount of such borrowing, which shall be, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 500,000 or a whole multiple of $500,000 100,000 in excess thereof and thereof, (z2) with respect to Swingline LIBOR Rate Loans denominated in Dollars, in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof, (or C$500,0003) with respect to Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C4) whether such Loan is with respect to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Canadian Dollars, in an aggregate principal amount of C$1,000,000 or a whole multiple of C$1,000,000 in excess thereof and (F6) with respect to Euro Loans, in the case an aggregate principal amount of a SOFR Loan 1,000,000 EUR or a CDOR Rate Loan, the duration whole multiple of the Interest Period applicable thereto500,000 EUR in excess thereof. A Notice of Borrowing received after 11:00 a.m. the times set forth above shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (Pool Corp)
Requests for Borrowing. The applicable Borrower US Borrower, on behalf of itself and the Canadian Borrower, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 12:00 noon on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) 12:00 noon at least three (3) Business Days before each LIBOR Rate Loan, and (iii) 12:00 noon (Toronto, Ontario time) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying specifying:
(A) if the applicable Borrower is the US Borrower or the Canadian Borrower;
(B) the date of such borrowing, which shall be a Business Day;
(C) whether such Loan is to be a Revolving Credit Loan, Swingline Loan or Canadian Dollar Loan;
(BD) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base Rate Loan;
(E) if such Loan is a LIBOR Rate Loan, the duration of the Interest Period applicable thereto;
(F) if such Loan is a Swingline Loan, whether such Swingline Loan shall be a Base Rate Loan or a Quoted Swingline Rate Loan; and
(G) the amount of such borrowing, which shall be, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (2) with respect to LIBOR Rate Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000 or a whole multiple of $500,000 (or C$500,000) 1,000,000 in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z3) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 100,000 or a whole multiple of $100,000 in excess thereof and (4) with respect to Canadian Base Rate Loans in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000) 100,000 in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. the times set forth above shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent and, with respect to each Swingline Loan, the Swingline Lender irrevocable prior written notice substantially in the form of Exhibit B (a “"Notice of Borrowing”") not later than 11:00 a.m.
12:00 p.m. (i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (FE) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower Domestic Borrower, on behalf of itself or the Canadian Borrower, as applicable, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 10:00 a.m. (Chicago time) on the same Business Day as each Base Rate Loan, each US Loan (other than Swingline Loan Loans) and each Canadian Quoted Swingline Rate Loan, (ii) at least one 12:00 noon (1Chicago time) on the same Business Day before as each Canadian Base Rate Swingline Loan (other than Canadian Quoted Swingline Rate Loans), (iii) 10:00 a.m. (Chicago time) at least three (3) US Government Securities Business Days before each SOFR Loan and Eurocurrency Rate Loan, (iv) 12:00 noon (the time of the Administrative Agent’s Correspondent) at least four three (43) Canadian Business Days before each CDOR Canadian BA Borrowing, of its intention to borrow, and (v) 11:00 a.m. (the time of the Administrative Agent’s Correspondent) on the same Canadian Business Day as each Canadian Base Rate Loan, of its intention to borrow, specifying specifying:
(A) the date of such borrowing, which shall be (1) a Business Day, Day for Revolving Credit Loans and Swingline Loans or (2) a Canadian Business Day for Alternative Currency Loans,
(B) whether such Loan is to be a Revolving Credit Loan, an Alternative Currency Loan or a Swingline Loan,
(C) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be a Eurocurrency Rate Loan or a Base Rate Loan, and the Agreed Currency for such Loan,
(D) if such Loan is a Swingline Loan, whether such Swingline Loan shall be a Quoted Swingline Rate Loan or a Base Rate Loan,
(E) if such Loan is an Alternative Currency Loan, whether such Alternative Currency Loan shall be a Canadian Base Rate Loan or a Canadian BA Borrowing,
(F) the amount of such borrowing, which shall bebe in an amount equal to the amount of the Revolving Credit Commitment or the Alternative Currency Commitment, as applicable, then available to the applicable Borrower, or if less, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans ), in an aggregate principal amount of $2,000,000 (or C$2,000,000) 3,000,000 or a whole multiple of $500,000 (or C$500,000) 1,000,000 in excess thereof, (y2) with respect to SOFR Eurocurrency Rate Loans, in an aggregate principal Dollar Amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to Canadian Base Rate Loans, in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000 in excess thereof, (4) with respect to Canadian BA Borrowings, in an aggregate principal amount of C$1,500,000 or a whole multiple of C$500,000 in excess thereof and (5) with respect to Swingline Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 1,000,000 or a whole multiple of $100,000 (or C$100,000) in excess thereof, ,
(C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (DG) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Eurocurrency Rate Loan, the duration of the Interest Period applicable thereto, and
(H) in the case of a Canadian BA Borrowing, the date and amount of Acceptances and the Canadian Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. the times set forth above for such Revolving Credit Loan, Alternative Currency Loan or Swingline Loan shall be deemed received on the next Business Day or US Government Securities Canadian Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing. The applicable Borrower shall deliver a copy of each Notice of Borrowing in respect of an Alternative Currency Loan to the Alternative Currency Lender at the same time such Notice of Borrowing is delivered to the Administrative Agent.
Appears in 1 contract
Sources: Credit Agreement (G&k Services Inc)
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian US Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than and each Canadian Swingline Loans)Loan, (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan (other than Canadian Revolving Credit Loans) and (iv) at least four (4) Business Days before each CDOR Canadian Revolving Credit Loan which is to be a LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans and Canadian Base Rate Loans (other than Canadian Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000 or a whole multiple of $500,000 (or C$500,000) 100,000 in excess thereof, (y) with respect to SOFR LIBOR Rate Loans, in an aggregate principal amount of $2,000,000 3,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 25,000 or a whole multiple of $100,000 (or C$100,000) 25,000 in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR LIBOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower shall give the Administrative Agent and, with respect to each Swingline Loan, the Swingline Lender irrevocable prior written notice substantially in the form of Exhibit B (a “"Notice of Borrowing”") not later than 11:00 a.m.12:00 p.m.
(i) on the same Business Day as each Base Canadian Prime Rate Loan, each US Swingline Base Rate Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Rate BA Loan (other than Canadian Swingline Loans), and (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, ; (B) the applicable Permitted Currency with respect to such borrowing; (C) the amount of such borrowing, which shall be, (x1) with respect to Canadian Prime Rate Loans (other than Swingline Loans) in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (2) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (3) with respect to BA Loans in an aggregate principal amount of C$1,000,000 or a whole multiple of C$500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in Canadian Dollars in an aggregate principal amount of C$3,000,000 or a whole multiple of C$1,000,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z6) with respect to Swingline Loans in an aggregate principal any amount of $500,000 Canadian Dollars or Dollars (or C$500,000) or a whole multiple of $100,000 as applicable); (or C$100,000) in excess thereof, (CD) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, ; (E) in the case of a Canadian Revolving Credit Loan, Loan whether the Loans are to be CDOR LIBOR Rate Loans, Canadian Prime Rate Loans, Base Rate Loans or Canadian Base Rate BA Loans, ; and (FE) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate any BA Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Requests for Borrowing. The applicable Borrower US Borrower, on behalf of itself and the Canadian Borrower, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 12:00 noon on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) 12:00 noon at least three (3) Business Days before each LIBOR Rate Loan, and (iii) 12:00 noon (Toronto, Ontario time) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying specifying:
(A) if the applicable Borrower is the US Borrower or the Canadian Borrower;
(B) the date of such borrowing, which shall be a Business Day;
(C) whether such Loan is to be a Revolving Credit Loan, Swingline Loan or Canadian Dollar Loan;
(BD) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base Rate Loan;
(E) if such Loan is a LIBOR Rate Loan, the duration of the Interest Period applicable thereto;
(F) if such Loan is a Swingline Loan, whether such Swingline Loan shall be a Base Rate Loan or a Quoted Swingline Rate Loan; and
(G) the amount of such borrowing, which shall be, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (2) with respect to LIBOR Rate Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000 or a whole multiple of $500,000 (or C$500,000) 1,000,000 in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z3) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 100,000 or a whole multiple of $100,000 in excess thereof and (4) with respect to Canadian Base Rate Loans in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000) 100,000 in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. the times set forth above shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Credit Agreement (SCP Pool Corp)
Requests for Borrowing. The U.S. Borrower, on behalf of the applicable Borrower Borrower, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
Noon (i) on the same Business Day as each Base Rate Loan, each US Swingline Canadian Dollar Loan and each Canadian Swingline Loan, and (ii) at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying the following:
(A) the applicable Borrower;
(B) the date of such borrowing, which shall be a Business Day;
(C) whether such Loan is to be a Revolving Credit Loan, a Canadian Dollar Loan or a Swingline Loan;
(BD) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be denominated in Dollars or an Alternative Currency;
(E) if such Loan is a Revolving Credit Loan in Dollars, whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base Rate Loan;
(F) the amount of such borrowing, which shall bebe in an amount (or the Alternative Currency Amount, if applicable) equal to the amount of the Revolving Credit Commitment, the Alternative Currency Commitment, the Canadian Dollar Commitment or the Swingline Commitment, as applicable, then available to the Borrowers, or if less, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Loans ), in an aggregate principal amount of $2,000,000 (or C$2,000,000) 500,000 or a whole multiple of $500,000 (or C$500,000) in excess thereof, (y2) with respect to SOFR Canadian Base Rate Loans, in an aggregate principal amount of C$100,000 or a whole multiple of C$100,000 in excess thereof (3) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $2,000,000 500,000 or a whole multiple of $500,000 in excess thereof, (4) with respect to LIBOR Rate Loans denominated in euro in an aggregate principal amount of € 500,000 or a whole multiple of €250,000 in excess thereof, (5) with respect to LIBOR Rate Loans denominated in Pounds Sterling in an aggregate principal amount of £500,000 or a whole multiple of £250,000 in excess thereof, (6) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Pounds Sterling, Canadian Dollars, or euro), based upon the Alternative Currency Amount thereof, in an aggregate principal amount of $500,000 or a whole multiple of $500,000 in excess thereof and (z7) with respect to Swingline Loans Loans, in an aggregate principal amount of $500,000 (or C$500,000) 100,000 or a whole multiple of $100,000 (or C$100,000) in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.; and
Appears in 1 contract
Sources: Credit Agreement (PRA International)
Requests for Borrowing. The applicable Borrower Borrowers shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) at least one (1) Business Day before each Canadian Base Prime Rate Loan (other than Canadian Swingline Loans)Loan, (iii) at least three (3) US Government Securities Business Days before each SOFR LIBOR Rate Loan denominated in Dollars and CDOR Rate Loan and (iv) at least four (4) Business Days before each CDOR LIBOR Rate LoanLoan denominated in an Alternative Currency, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit Prime Rate Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000.00 or a whole multiple of $500,000 (or C$500,000) 500,000.00 in excess thereof, (y) with respect to SOFR Loans, LIBOR Rate Loans and CDOR Rate Loans in an aggregate principal amount of $2,000,000 2,000,000.00 or a whole multiple of $500,000 500,000.00 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 100,000.00 or a whole multiple of $100,000 (or C$100,000) 100,000.00 in excess thereof, (C) whether such Loan is to be a US Revolving Credit A Loan, Canadian Revolving Credit Loan, US Swingline B Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit A Loan, whether the Loans are to be SOFR LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit B Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Prime Rate Loans, and (F) in the case of a SOFR LIBOR Rate Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto, and (G) the currency of such borrowing. If a Notice of Borrowing fails to specify a currency, then such borrowing shall be made in Dollars. A Notice of Borrowing received after 11:00 a.m. shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
Appears in 1 contract
Sources: Loan Agreement (Omega Protein Corp)
Requests for Borrowing. The applicable Borrower US Borrower, on behalf of itself and the Canadian Borrower, shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a “Notice of Borrowing”) not later than 11:00 a.m.
(i) 12:00 noon on the same Business Day as each Base Rate Loan, each US Swingline Loan and each Canadian Swingline Loan, (ii) 12:00 noon at least three (3) Business Days before each LIBOR Rate Loan, and (iii) 12:00 noon at least one (1) Business Day before each Canadian Base Rate Loan (other than Canadian Swingline Loans), (iii) at least three (3) US Government Securities Business Days before each SOFR Loan and (iv) at least four (4) Business Days before each CDOR Rate Loan, of its intention to borrow, specifying specifying:
(A) if the applicable Borrower is the US Borrower or the Canadian Borrower;
(B) the date of such borrowing, which shall be a Business Day;
(C) whether such Loan is to be a Revolving Credit Loan, Swingline Loan or Canadian Dollar Loan;
(BD) if such Loan is a Revolving Credit Loan, whether such Revolving Credit Loan shall be a LIBOR Rate Loan or a Base Rate Loan;
(E) if such Loan is a LIBOR Rate Loan, the duration of the Interest Period applicable thereto;
(F) the amount of such borrowing, which shall be, (x1) with respect to Base Rate Loans (other than Swingline Loans) and Canadian Revolving Credit in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (2) with respect to LIBOR Rate Loans in an aggregate principal amount of $2,000,000 (or C$2,000,000) 1,000,000 or a whole multiple of $500,000 (or C$500,000) 1,000,000 in excess thereof, (y) with respect to SOFR Loans, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof and (z3) with respect to Swingline Loans in an aggregate principal amount of $500,000 (or C$500,000) 100,000 or a whole multiple of $100,000 in excess thereof and (4) with respect to Canadian Base Rate Loans in an aggregate principal amount of C$500,000 or a whole multiple of C$100,000) 100,000 in excess thereof, (C) whether such Loan is to be a US Revolving Credit Loan, Canadian Revolving Credit Loan, US Swingline Loan or Canadian Swingline Loan, (D) in the case of a US Revolving Credit Loan, whether the Loans are to be SOFR Loans or Base Rate Loans, (E) in the case of a Canadian Revolving Credit Loan, whether the Loans are to be CDOR Rate Loans or Canadian Base Rate Loans, and (F) in the case of a SOFR Loan or a CDOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. the times set forth above shall be deemed received on the next Business Day or US Government Securities Business Day, as applicable. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.
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Sources: Credit Agreement (Pool Corp)