Common use of Requests for Revolving Credit Loans Clause in Contracts

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (a) 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted Acquisition. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 2 contracts

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P), Credit and Term Loan Agreement (Petro Stopping Centers Holdings Lp)

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Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of Exhibit EXHIBIT B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no later than (a) 1:00 p.m. prior to 12:00 Noon (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three prior to 12:00 Noon (3Boston time) on the second Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) if a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan, Loan and (ivz) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon Upon receipt of any such notice, the Agent shall promptly notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 250,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Perkins Finance Corp), Revolving Credit Agreement (Restaurant Co)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - C hereto) of each Revolving Credit Loan requested hereunder (a "“Revolving Credit Loan Request"”) by 11:00 a.m. (New York time) no later less than (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 or an 1,000,000 and shall be in integral multiple multiples of $100,000 in excess thereof500,000 or, subject to (S)2.7.3. In additionif less, the Borrower shall comply with all remaining unutilized amount of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicableTotal Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Seacastle Inc.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - C hereto) of each Revolving Credit Loan requested hereunder (a "“Revolving Credit Loan Request"”) by 11:00 a.m. (New York time) no later less than (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 or an 1,000,000 and shall be in integral multiple multiples of $100,000 in excess thereof500,000 or, subject to (S)2.7.3. In additionif less, the Borrower shall comply with all remaining unutilized amount of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicableTotal Commitment.

Appears in 2 contracts

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.), Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent ----------------------------------- written notice in the form of Exhibit ------- B B-1 hereto (or telephonic notice confirmed ----------- in a writing in the form of Exhibit B - ------- - B-1 hereto) of each Revolving Credit Loan ----------- requested hereunder (a "Loan Request") no later than (a) 1:00 p.m. 11:00 a.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan; provided, however, the Borrower shall not request any Eurodollar Rate -------- ------- Loans until the date which is the earlier to occur of (i) thirty (30) days following the Closing Date and (ii) the date on which the syndication of the Loans hereunder has been completed, without the Agent's consent. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionNew Site Capital Expenditures. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.the

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)

Requests for Revolving Credit Loans. The Borrower TransTechnology shall give to the Administrative Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice notice, confirmed in a writing in the form of Exhibit EXHIBIT B - ------- - hereto) , of each Revolving Credit Loan requested hereunder (a "Loan RequestREVOLVING CREDIT LOAN REQUEST") no later than (a) 1:00 p.m. (Boston time) (a) on the proposed Drawdown Date of any Base Rate Loan and Loan, or (b) three on the third (33rd) Eurodollar Eurocurrency Business Days Day prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate Loan. Each such notice Revolving Credit Loan Request shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower TransTechnology and shall obligate the Borrower TransTechnology to accept the Revolving Credit Loan requested from the Banks Lenders or, as the case may be, from the Administrative Agent on behalf of the Lenders, on the proposed Drawdown DateDate therefor. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 100,000, or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology Corp)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later less than (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate Loan, provided that any such notice requesting a Revolving Credit Loan denominated in an Optional Currency must comply with the requirements of this Section 2.6 and the requirements of an OC Notice pursuant to Section 2.9(a). Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated either in Dollars or, subject to Section 2.9.1 hereof, in an Optional Currency (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and Loan. To the extent the Agent receives such notice by 11:00 a.m. (vBoston time) whether all or on any portion of day, it shall provide the proceeds of Banks with notice on such Revolving Credit Loan are being used to finance construction or a Permitted Acquisitiondate, or, if the Agent receives notice after 11:00 a.m. (Boston time), it shall provide the Banks with notice on the next Business Day. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 500,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing by telecopy on the same Business Day in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan and Letter of Credit Request") no not later than 11:00 a.m. Boston time (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and Loan, or (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall be given by the Parent and shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit requested and shall include a current Loan and (v) whether Letter of Credit Request, reflecting the Maximum Drawing Amount of all or any portion Letters of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted Acquisition. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereofoutstanding. Each Loan and Letter of Credit Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each of the representations and warranties made by or on behalf of any of the Borrowers to the Banks or the Agent in this Agreement or any other Loan Request Document shall be true and correct in a minimum aggregate amount all material respects when made and shall, for all purposes of $500,000 or an integral multiple of $100,000 in excess thereofthis Agreement, subject be deemed to (S)2.7.3. In addition, the Borrower shall comply with all be repeated on and as of the necessary provisions date of the submission of any Loan and conditions set forth Letter of Credit Request and on and as of the Drawdown Date of such Loan or the date of issuance of such Letter of Credit (except to the extent of changes resulting from transactions contemplated or permitted by this Agreement and the other Loan Documents and changes occurring in (S)(S)12 the ordinary course of business that singly or in the aggregate are not materially adverse, or to the extent that such representations and 13 hereof as applicablewarranties expressly relate to an earlier date). The Agent shall promptly notify each Bank of each Loan and Letter of Credit Request received by the Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Services Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent Bank -------- --- --------- ------ ----- written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing ------- - by telecopy the same day in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested ------- - hereunder (a "Loan and Letter of Credit Request") no not later than 12:00 noon (a) 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and Loan, or (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall be given by the Borrower and shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit requested and shall include a current Loan and (v) whether all or any portion Letter of Credit Request, reflecting the proceeds of such Revolving Credit Total Loan are being used to finance construction or a Permitted Acquisition. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereofOutstandings. Each Loan and Letter of Credit Request shall be made in the Minimum amount of $25,000 or a greater integral multiple of $10,000, and shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks Bank on the proposed Drawdown Date. Each of the representations and warranties made by or on behalf of the Borrower to the Bank in this Agreement or any other Loan Request Document shall be true and correct in a minimum aggregate amount all material respects when made and shall, for all purposes of $500,000 or an integral multiple of $100,000 in excess thereofthis Agreement, subject be deemed to (S)2.7.3. In addition, the Borrower shall comply with all be repeated on and as of the necessary provisions date of the submission of any Loan and conditions set forth Letter of Credit Request and on and as of the Drawdown Date of such Loan or the date of issuance of such Credit Instrument (except to the extent of changes resulting from transactions contemplated or permitted by this Agreement and the other Loan Documents and changes occurring in (S)(S)12 the ordinary course of business that singly or in the aggregate are not materially adverse and 13 hereof as applicableto the extent that such representations and warranties expressly relate to an earlier date).

Appears in 1 contract

Samples: Revolving Credit Agreement (Aerovox Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - D hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (a) 1:00 p.m. 11:00 a.m. (Boston Charlotte, North Carolina time) on the proposed Drawdown Date of any Alternative Base Rate Loan and (b) three two (32) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for Type of such Revolving Credit Loan, and (iv) the Type of Interest Period for such Revolving Credit Loan and (v) whether all or any portion of the proceeds of if such Revolving Credit Loan are being used to finance construction or is a Permitted AcquisitionEurodollar Rate Loan. Promptly upon receipt of any such noticeLoan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 1,000,000 or in an integral multiple of $100,000 1,000,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp)

Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Administrative Agent written notice in the form of Exhibit ------- B A hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - A hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no not later than (a) 1:00 p.m. 11:00 a.m. (Boston time) on (a) one (1) Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Revolving Credit Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Banks Revolving Credit Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 1,000,000 or an integral multiple of $100,000 500,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Iesi Corp)

Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Agent telephonic and written notice in the form of Exhibit ------- B hereto (or telephonic such written notice confirmed in a writing to be in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "“Revolving Credit Loan Request") no later than (a) 1:00 p.m. prior to noon (Boston Chicago time) on the proposed Drawdown Date of any Base Rate such Loan equal to or less than $5,000,000 and (b) three prior to noon (3Chicago time) Eurodollar on the date which is one (1) Business Days Day prior to the proposed Drawdown Date of any Eurodollar Rate Loansuch Loan in excess of $5,000,000; provided that no such notice shall be required for the borrowings which are deemed to occur at the Roll-Up Effective Time. Each such written notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) requested and the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted Acquisition. Promptly upon Upon receipt of any such noticenotices, the Agent shall promptly notify each of the Banks Lenders thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 100,000 or an integral multiple of $100,000 50,000 in excess thereof, subject to (S)2.7.3. In additionUnless the Agent is otherwise directed in writing by the Borrowers, the Borrower shall comply with all proceeds of each requested borrowing after the necessary provisions and conditions set forth Closing Date will be made available to the Borrowers by the Agent by wire transfer of such amount to the Borrowers pursuant to the wire transfer instructions specified on the signature page hereto in (S)(S)12 and 13 hereof as applicablerelation to the Borrowers.

Appears in 1 contract

Samples: Possession Credit Agreement (Real Mex Restaurants, Inc.)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- EXHIBIT B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - EXHIBIT C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later less than (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, ; (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being to be used to finance construction for the purpose of purchasing or a Permitted Acquisitioncarrying any "MARGIN SECURITY" or "MARGIN STOCK" (as such terms are used in Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224). Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 250,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Keane Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later less than (a) 1:00 p.m. one (Boston time1) on Business Day prior to the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable[**].

Appears in 1 contract

Samples: Revolving Credit Agreement (Aztec Technology Partners Inc /De/)

Requests for Revolving Credit Loans. The Borrower shall give to the ----------------------------------- Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice ------- - confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit ------- - Loan requested hereunder (a "Loan Request") no later than (a) 1:00 p.m. 11:00 a.m. (Boston time) on the day of the proposed Drawdown Date of any Base Rate Loan and (b) three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request such notice shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Answer Think Consulting Group Inc)

Requests for Revolving Credit Loans. The Borrower Borrowers shall give to the Agent telephonic and written notice in the form of Exhibit ------- B hereto (or telephonic such written notice confirmed in a writing to be in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no later than (a) prior to 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three prior to 1:00 p.m. (3Boston time) on the third Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such written notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) if a Eurodollar Rate Loan, the Interest Period for such Revolving Credit Loan, Loan and (ivz) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon Upon receipt of any such noticenotices, the Agent shall promptly notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower Borrowers and shall obligate the Borrower Borrowers to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 250,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Dave & Busters Inc)

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Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - D hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (a) 1:00 p.m. 11:00 a.m. (Boston Hartford, Connecticut time) on the proposed Drawdown Date of any Alternative Base Rate Loan and (b) three two (32) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for Type of such Revolving Credit Loan, and (iv) the Type of Interest Period for such Revolving Credit Loan and (v) whether all or any portion of the proceeds of if such Revolving Credit Loan are being used to finance construction or is a Permitted AcquisitionEurodollar Rate Loan. Promptly upon receipt of any such noticeLoan Request, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 1,000,000 or in an integral multiple of $100,000 1,000,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp Ii)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no later than (a) 1:00 p.m. 12:00 noon (Boston time) on the Business Day of the proposed Drawdown Date of any Base Prime Rate Loan and (b) 10:00 a.m. (Boston time) on the date three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) the Interest Period for such Revolving Credit Loan, Loan and (ivz) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.Each

Appears in 1 contract

Samples: Revolving Credit Agreement (Bridgestreet Accommodations Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no later than (ai) 1:00 p.m. (Boston 10:00 a.m.(Boston time) on the Business Day of the proposed Drawdown Date of any Base Rate Loan and (bii) 12:00 noon (Boston time) three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan. Each such notice shall specify (iA) the principal amount of the Revolving Credit Loan requested, (iiB) the proposed Drawdown Date of such Revolving Credit Loan, (iiiC) in the case of LIBOR Rate Loans the Interest Period for such Revolving Credit Loan, Loan and (ivD) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)

Requests for Revolving Credit Loans. The Each Borrower shall give to the Administrative Agent written notice in the form of Exhibit ------- B C hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - C hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request") no not later than (a) 1:00 2:00 p.m. (Boston time) on no less than (a) two (2) Business Days prior to the proposed Drawdown Date of any Base Rate Loan and (b) three four (34) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Administrative Agent shall notify each of the Banks Lenders thereof. Each Loan Request shall be irrevocable and binding on the applicable Borrower and shall obligate the such Borrower to accept the Revolving Credit Loan requested from the Banks Lenders on the proposed Drawdown Date. Each Loan Request relating to a Base Rate Loan shall be in a minimum aggregate amount of $500,000 or an integral multiple and each Loan Request relating to a Eurodollar Rate Loan shall be in a minimum aggregate amount of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable1,000,000.

Appears in 1 contract

Samples: Assignment and Assumption (CAI International, Inc.)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Loan Request"”) (a) no later than (a) 1:00 p.m. (Boston time) 10:00 a.m. on the proposed Drawdown Date of any Base Prime Rate Loan and (b) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Eurocurrency Rate Loan; provided that any notice requesting an Optional Currency must comply with the requirements of this §2.6 and the requirements of an OC Notice pursuant to §2.9.1. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, stated in Dollars, or subject to §2.9, in an Optional Currency, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, any Eurocurrency Rate Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral a whole multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit Agreement (Digitas Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the -------- --- --------- ------ ----- Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice ------- - confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit ------- - Loan requested hereunder (a "Revolving Credit Loan Request") no later than (a) 1:00 p.m. (Boston time) on the proposed Drawdown Date of any Base Rate Loan and one (b1) three (3) Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurodollar Base Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, and (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted Acquisition. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be in a minimum aggregate amount of $500,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.proposed

Appears in 1 contract

Samples: Revolving Credit Agreement (Ameriking Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "Revolving Credit Loan Request") no later than (a) 1:00 p.m. prior to 12:00 Noon (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) three prior to 12:00 Noon (3Boston time) on the second Eurodollar Business Days Day prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (iw) the principal amount of the Revolving Credit Loan requested, (iix) the proposed Drawdown Date of such Revolving Credit Loan, (iiiy) the Interest Period for such Revolving Credit Loan, Loan and (ivz) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon Upon receipt of any such notice, the Agent shall notify each of the Banks thereofthereof prior to 1:00 p.m. (Boston time) on the same day of the receipt of such notice. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 250,000 or an integral multiple of $100,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Perkins Family Restaurants Lp)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - hereto) of each Revolving Credit Loan requested hereunder (a "“Revolving Credit Loan Request") no later than as of (a) 1:00 p.m. (Boston time) on or before noon, Mountain Standard Time, on the Business Day of the proposed Drawdown Date of any Base Rate Loan and (b) no less than three (3) Eurodollar LIBOR Business Days prior to the proposed Drawdown Date of any Eurodollar LIBOR Rate Loan; provided that, in any calendar year, the Banks shall have no obligation to honor more than twenty-four (24) Revolving Credit Loan Requests hereunder. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Revolving Credit Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Revolving Credit Loan Request shall be in a minimum aggregate amount of $500,000 or an integral a whole multiple of $100,000 250,000 in excess thereof, subject to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicable.

Appears in 1 contract

Samples: Revolving Credit (Weider Nutrition International Inc)

Requests for Revolving Credit Loans. The Borrower shall give to the Agent written notice in the form of Exhibit ------- B EXHIBIT A attached hereto (or telephonic notice confirmed in a writing in the form of Exhibit B - ------- - EXHIBIT A attached hereto) of each Revolving Credit Loan requested hereunder (a "Loan RequestLOAN REQUEST") no not later than (a) 1:00 p.m. 12:00 noon (Boston time) on the proposed Drawdown Date of any Base Rate Loan and (b) 12:00 noon (Boston time) three (3) Eurodollar Business Days prior to the proposed Drawdown Date of any Eurodollar Rate Loan. Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, Loan and (iv) the Type of such Revolving Credit Loan and (v) whether all or any portion of the proceeds of such Revolving Credit Loan are being used to finance construction or a Permitted AcquisitionLoan. Promptly upon receipt of any such notice, the Agent shall notify each of the Banks thereof. Each Loan Request shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Banks on the proposed Drawdown Date. Each Loan Request shall be (A) in a minimum aggregate amount of $500,000 1,000,000 or an integral multiple thereof with respect to Base Rate Loans and (B) in a minimum aggregate amount of $2,000,000 or an integral multiple of $100,000 in excess thereof, subject l,000,000 with respect to (S)2.7.3. In addition, the Borrower shall comply with all of the necessary provisions and conditions set forth in (S)(S)12 and 13 hereof as applicableEurodollar Rate Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Staples Inc)

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