Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 (a “Notice of Borrowing”) not later than (i) 12:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Sources: Senior Unsecured Revolving Credit Agreement, Senior Unsecured Revolving Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrower With the exception of Swingline Loans deemed requested pursuant to the Swingline Side Letter, the Borrowers shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m. (Eastern time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan and each Swingline Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessbe, (1x) with respect to ABR Base Rate Loans and (other than Swingline Loans) in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans (other than Swingline Loans deemed requested pursuant to the Swingline Side Letter) in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 p.m. 11:00 a.m. (Eastern time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Sources: Credit Agreement (Belk Inc), Credit Agreement (Belk Inc)

Requests for Borrowing. The Borrower Borrowers shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan or LIBO Market Index Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan LIBOR Rate Loan, and (iviii) subject to Section 1.05, 12:00 p.m. at least four three (43) London Business Days before each Eurocurrency Alternate Currency Loan, is of its intention to be madeborrow, specifying specifying: (A) the date of such borrowing, which shall be a Business Day, Day (and a London Business Day with respect to an Alternate Currency Loan); (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowerBorrowers, or or, if less, (1w) with respect to ABR Loans and Swingline Base Rate Loans, in an aggregate principal amount of $100,000 or a whole multiple 250,000 and increments of $100,000 250,000 in excess thereof, and (2x) with respect to Eurodollar Loans and Eurocurrency LIBO Market Index Rate Loans, in an aggregate principal amount of $3,000,000 or a whole multiple 500,000 and increments of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) 250,000 in excess thereof, (Ey) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loan is Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a Revolving Loan or a Swingline Loan combination thereof, the amount allocated to each; and (FD) in the case of a Eurodollar LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m.(Philadelphia time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Sources: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as of Exhibit A-5 B (a “Notice of Borrowing”) not later than 2:00 p.m. (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan or Swingline Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessbe, (1x) with respect to ABR Base Rate Loans and (other than Swingline Loans, ) in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2y) with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $100,000 or the Alternative Currency Amount thereof, as applicable) a whole multiple of $100,000 in excess thereof, (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. If the Borrower fails to specify a type of Loan in a Notice of Borrowing, then the applicable Loans shall be made as Base Rate Loans. If the Borrower requests a borrowing of LIBOR Rate Loans in any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. A Notice of Borrowing received after 12:00 2:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing.

Appears in 2 contracts

Sources: Credit Agreement (Patrick Industries Inc), Credit Agreement (Patrick Industries Inc)

Requests for Borrowing. The Borrower Borrowers shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan or Daily One Month LIBOR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan LIBOR Rate Loan, and (iviii) subject to Section 1.05, 12:00 p.m. at least four three (43) London Business Days before each Eurocurrency Alternate Currency Loan, is of its intention to be madeborrow, specifying specifying: (A) the date of such borrowing, which shall be a Business Day, Day (and a London Business Day with respect to an Alternate Currency Loan); (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowerBorrowers, or or, if less, (1w) with respect to ABR Loans and Swingline Base Rate Loans, in an aggregate principal amount of $100,000 or a whole multiple 250,000 and increments of $100,000 250,000 in excess thereof, and (2x) with respect to Eurodollar Loans and Eurocurrency Daily One Month LIBOR Loans, in an aggregate principal amount of $3,000,000 or a whole multiple 500,000 and increments of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) 250,000 in excess thereof, (Ey) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loan is Loans are to be Base Rate Loans, Daily One Month LIBOR Loans, LIBOR Rate Loans or Eurocurrency Loans, if a Revolving Loan or a Swingline Loan combination thereof, the amount allocated to each; and (FD) in the case of a Eurodollar LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m.(Philadelphia time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Urban Outfitters Inc)

Requests for Borrowing. The Borrower Borrowers shall give the ---------------------- Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 11:00 a.m. --------- (Philadelphia time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan or LIBO Market Index Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan LIBOR Rate Loan, and (iviii) subject to Section 1.05, 12:00 p.m. at least four (4three(3) London Business Days before each Eurocurrency Alternate Currency Loan, is of its intention to be madeborrow, specifying specifying: (A) the date of such borrowing, which shall be a Business Day, Day (and a London Business Day with respect to an Alternate Currency Loan); (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowerBorrowers, or or, if less, (1w) with respect to ABR Loans and Swingline Base Rate Loans, in an aggregate principal amount of $250,000 or a whole multiple of $250,000 in excess thereof, (x) with respect to LIBO Market Index Rate Loans, in an aggregate principal amount of $500,000 or a whole multiple of $250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, and (z) with respect to Eurodollar Loans, the Dollar Equivalent of $100,000 or a whole multiple of $100,000 in excess thereof, and ; (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (EC) whether such Loan is Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurodollar Loans or, if a Revolving Loan or a Swingline Loan combination thereof, the amount allocated to each; and (FD) in the case of a Eurodollar LIBOR Rate Loan or a Eurocurrency Eurodollar Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m. (Philadelphia time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Urban Outfitters Inc)