Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Borrower shall give the Administrative Agent a Notice of Revolving Credit Borrowing not later than 11:00 a.m. (Charlotte time) (i) at least one (1) Business Day before each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Kinder Morgan Bulk Terminals Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit F (a "Notice of Revolving Credit Borrowing Borrowing"), not later than 11:00 a.m. (Charlotte time) (i) at least one (1) Business Day before each on the requested borrowing date in the event that the Revolving Credit Loans will initially be made as Base Rate Loan Loans, and (ii) at least three (3) Business Days before each prior to the requested borrowing date in the event that the Revolving Credit Loans will initially be made as LIBOR Rate LoanLoans, 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 in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof thereof, and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, (C) whether the Revolving Credit Loans are initially to be LIBOR Base Rate Loans or Base LIBOR Rate Loans, and (D) in the case of a LIBOR Rate LoanLoans, the duration of the initial Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of its receipt of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Roanoke Electric Steel Corp)

Requests for Borrowing. The Borrower Borrowers shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit C-1 (a "Notice of Revolving Credit Borrowing Borrowing") not later than 11:00 a.m. (Charlotte time) (i) at least one (1) on the same Business Day before as each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 2,000,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, Loans (provided that LIBOR Rate Loans shall not be available until three (3) Business Days after the Closing Date) and (D) in the case of a LIBOR Rate Loan, the duration of the initial Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (RCN Corp /De/)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a Notice of Revolving Credit Borrowing Borrowing”) not later than 11:00 a.m. (Charlotte time) 1:00 p.m. (i) at least one (1) Business Day before each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 250,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, and (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the LIBOR Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m. (Charlotte time) 1:00 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 Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Hickory Tech Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit B (a Notice of Revolving Credit Borrowing Borrowing”) not later than 11:00 a.m. (Charlotte time) a.m. (i) at least one (1) Business Day before each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 250,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 500,000 in excess thereof, and (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the LIBOR Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Hickory Tech Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as Exhibit C-1 (a "Notice of Revolving Credit Borrowing Borrowing") not later than 11:00 a.m. (Charlotte time) (i) at least one (1) on the same Business Day before as each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 2,000,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, Loans (provided that LIBOR Rate Loans shall not be available until three (3) Business Days after the Closing Date) and (D) in the case of a LIBOR Rate Loan, the duration of the initial Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Cable Michigan Inc)

Requests for Borrowing. The applicable Borrower or Borrowers shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as EXHIBIT B (a "Notice of Revolving Credit Borrowing Borrowing") not later than 11:00 a.m. (Charlotte time) (i) at least one (1) on the same Business Day before as each Base Rate Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan shall be denominated in Dollars or in Sterling, (C) the amount of such borrowing, which shall be with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $2,500,000 or a whole multiple of $1,000,000 in excess thereof (x) and with respect to Loans denominated in Sterling, the Dollar Amount in each case thereof), and with respect to Base Rate Loans in an aggregate principal amount of $500,000 1,000,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (CD) if denominated in Dollars, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, Loans and (DE) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. Notices received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Acc Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice in the form attached hereto as EXHIBIT B (a "Notice of Revolving Credit Borrowing Borrowing") not later than 11:00 a.m. (Charlotte time) (i) at least one (1) Business Day before each Base Rate Loan and (ii) at least three (3) Business Days before each 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 in an aggregate principal amount of $500,000 250,000 or a whole multiple of $100,000 in excess thereof and (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 500,000 in excess thereof, and (C) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (D) in the case of a LIBOR Rate Loan, the duration of the LIBOR Interest Period applicable thereto. Notices A Notice of Borrowing received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Revolving Credit Borrowing.

Appears in 1 contract

Sources: Credit Agreement (Hickory Tech Corp)