Common use of Revolving Credit Borrowings Clause in Contracts

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 6 contracts

Samples: Credit Agreement (Aramark), Credit Agreement (Aramark), Credit Agreement (Aramark)

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Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. 12:00 noon (New York City time) on in the same Business Day as the date case of the proposed BorrowingU.S. Revolving Facility or the Canadian Revolving Facility and not later than 2:00 p.m. (London time) in the case of the German Revolving Facility, Irish Revolving Facility or the U.K. Revolving Facility (i) one Business Day, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Loans or Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City timeii) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (FE) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (GF) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (HG) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof thereof, (H) the Revolving Available Credit (after giving effect to the proposed Borrowing) under the applicable Revolving Facility and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 3 contracts

Samples: Credit Agreement (Aramark Corp), Credit Agreement (Aramark Corp), Credit Agreement (Aramark Corp)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. 12:00 noon (New York City time) on the same (i) one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Loans or Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City timeii) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (FE) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (GF) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (HG) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof thereof, (H) the Revolving Available Credit (after giving effect to the proposed Borrowing) under the applicable Revolving Facility and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 2 contracts

Samples: Credit Agreement (ARAMARK Holdings Corp), Junior Lien Intercreditor Agreement (MPBP Holdings, Inc.)

Revolving Credit Borrowings. Each Revolving Credit Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, notice given by the applicable any Revolving Credit Borrower to the Administrative Agent not later than (i) 1:00 p.m. (New York City time) on the same (i) one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, Loans and (ii) 11:00 a.m. (New York City time) on the same three Business Day as the date of the proposed BorrowingDays, in the case of a Borrowing of Canadian Loans other than Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed Revolving Credit Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify C (Form of Notice of Borrowing) (a “Notice of Borrowing”), specifying (A) the date of such proposed Revolving Credit Borrowing, (B) the aggregate amount of such proposed BorrowingRevolving Credit Borrowing and the currency denomination thereof, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any a proposed Revolving Credit Borrowing in of Dollars, whether any portion of the proposed Borrowing thereof will be of Base Rate Loans or LIBO Rate Loans and (D) the initial Interest Period or Periods for any such Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be or BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. The Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.142.14 (Special Provisions Governing Eurocurrency Rate Loans), the Notice of Borrowing Request specifies that all or a portion thereof shall be Eurocurrency LIBO Rate Loans. Revolving Loans denominated in Euros or Sterling shall be made as EURIBO Rate Loans. The Revolving Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing Loans), if any requested Eurocurrency Notice of Borrowing requests a Revolving Credit Borrowing of Base Rate LoanLoans denominated in Dollars, then the applicable Swing Line Lenders may make a Swing Loan available to such Borrower in an aggregate amount not to exceed such proposed Revolving Credit Borrowing, and the aggregate amount of the corresponding proposed Revolving Credit Borrowing shall be deemed to have selected a Eurocurrency Interest Period reduced accordingly by the principal amount of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate such Swing Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Revolving Credit Borrowing shall be in an aggregate amount of that is not less than the applicable Minimum Currency ThresholdThreshold for such currency. CREDIT AGREEMENT JOHNSONDIVERSEY, INC.

Appears in 1 contract

Samples: Credit Agreement (Johnsondiversey Holdings Inc)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than 12:00 noon (Local Time) (i) 1:00 p.m. (New York City time) on the same one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, Loans (which will be available only to the U.S. Borrower) and (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (FE) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (HF) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in thereof, (G) the case of any BA Rate Loan, Revolving Available Credit (after giving effect to the initial BA Interest Period or BA Interest Periods thereof proposed Borrowing) under the applicable Revolving Facility and (IH) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Notwithstanding anything to the contrary set forth herein, (i) if Eurocurrency Rate Loans unless are made on the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If Closing Date, (ii) if no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate LoanLoan after the Closing Date, then the Eurocurrency Interest Period applicable Borrower to such Loans shall be deemed to have selected a Eurocurrency Interest Period be of one month’s duration. If duration and (iii) if no BA Interest Period interest Type is specified with respect to any Loan requested BA Rate Loanby the U.S. Borrower, then the applicable Borrower such Loan shall be deemed to have selected be a BA Interest Period of 30 days’ durationBase Rate Loan. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 1 contract

Samples: Credit Agreement (Hawker Beechcraft Notes Co)

Revolving Credit Borrowings. Each Revolving Credit Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, notice given by the applicable Borrower to the Administrative Agent not later than 11:00 a.m. (New York time) (i) 1:00 p.m. (New York City time) on the same one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, Loans and (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Revolving Credit Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify C (Form of Notice of Borrowing) (a “Notice of Borrowing”), specifying (A) the date of such proposed Revolving Credit Borrowing, (B) the aggregate amount of such proposed BorrowingRevolving Credit Borrowing and the currency denomination thereof, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any a proposed Revolving Credit Borrowing in of Dollars, whether any portion of the proposed Borrowing these will be of Base Rate Loans or Eurocurrency Rate Loans and (D) the initial Interest Period or Periods for any such Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. The Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.142.14 (Special Provisions Governing Eurocurrency Rate Loans), the Notice of Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Revolving Credit Loans denominated in Canadian Dollars Euros shall be made as Canadian Eurocurrency Rate Loans and shall not be available as Base Rate Loans. Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing Loans), if any Notice of Borrowing requests a Revolving Credit Borrowing of Base Rate Loans unless denominated in Dollars, the Swing Line Lenders may make a Swing Loan available to the Borrower in an aggregate amount not to exceed such proposed Revolving Credit Borrowing, and the aggregate amount of the corresponding proposed Revolving Credit Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate reduced accordingly by the principal amount of such Swing Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Revolving Credit Borrowing shall be in an aggregate amount of that is not less than the applicable Minimum Currency ThresholdThreshold for such currency.

Appears in 1 contract

Samples: Credit Agreement (Johnsondiversey Holdings Inc)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than 12:00 noon (Local Time) (i) 1:00 p.m. (New York City time) on the same one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, Loans (which will be available only to the U.S. Borrower) and (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (FE) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (HF) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in thereof, (G) the case of any BA Rate Loan, Revolving Available Credit (after giving effect to the initial BA Interest Period or BA Interest Periods thereof proposed Borrowing) under the applicable Revolving Facility and (IH) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Notwithstanding anything to the contrary set forth herein, (i) if Euro-currency Rate Loans unless are made on the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If Closing Date, (ii) if no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate LoanLoan after the Closing Date, then the Eurocurrency Interest Period applicable Borrower to such Loans shall be deemed to have selected a Eurocurrency Interest Period be of one month’s duration. If duration and (iii) if no BA Interest Period interest Type is specified with respect to any Loan requested BA Rate Loanby the U.S. Borrower, then the applicable Borrower such Loan shall be deemed to have selected be a BA Interest Period of 30 days’ durationBase Rate Loan. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Hawker Beechcraft Quality Support Co)

Revolving Credit Borrowings. Each Revolving Credit Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, notice given by the applicable Borrower to the Administrative Agent not later than (i) 1:00 p.m. P.M. (New York City time) on the same Business Day as the date of at the proposed Revolving Credit Borrowing, in the case of a Borrowing of Base Rate Loans, Loans and (ii) 11:00 a.m. (1:00 P.M. New York City time) on , three Business Days (or, with respect to the same Business Day Closing Date, such shorter period as may be agreed by the date of the proposed BorrowingAdministrative Agent), in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA LIBO Rate Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify C (a “Notice of Borrowing”), specifying (A) the date of such proposed Revolving Credit Borrowing, (B) the aggregate amount of such proposed Revolving Credit Borrowing, (C) the Revolving Facility pursuant to which such Loan is to whether any portion thereof will be made, of Base Rate Loans or LIBO Rate Loans and (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and for any such LIBO Rate Loans. Any Notice of Borrowing delivered in connection with the case funding of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (IFacilities on the Closing Date may be revoked by Borrower subject to Section 2.14(e) the account or accounts into which the proceeds of such Borrowing are to be depositedhereof. The Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Notice of Borrowing Request specifies that all or a portion thereof shall be Eurocurrency LIBO Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Revolving Credit Borrowing shall be in an aggregate amount of that is not less than the Minimum Currency Threshold$1,000,000.

Appears in 1 contract

Samples: Credit Agreement (Agilon Health, Inc.)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. 12:00 noon (New York City time) on in the same Business Day as the date case of the proposed BorrowingU.S. Revolving Facility or the Canadian Revolving Facility and not later than 10:00 a.m. (New York City time) in the case of the German Revolving Facility, Irish Revolving Facility or the U.K. Revolving Facility (i) one Business Day, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Loans or Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City timeii) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (FE) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (GF) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (HG) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof thereof, (H) the Revolving Available Credit (after giving effect to the proposed Borrowing) under the applicable Revolving Facility and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.

Appears in 1 contract

Samples: Credit Agreement (Aramark Corp/De)

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Revolving Credit Borrowings. Each Revolving Credit Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, notice given by the applicable Borrower to the Administrative Agent not later than 11:00 a.m. (Local Time) (i) 1:00 p.m. (New York City time) on the same one Business Day as the date of the proposed BorrowingDay, in the case of a Borrowing of Base Rate Loans, Loans and (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed BorrowingDays, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans, prior to the date of the proposed Revolving Credit Borrowing. Each such notice shall be in substantially the form of Exhibit E and shall specify C (Form of Notice of Borrowing) (a “Notice of Borrowing”), specifying (A) the date of such proposed Revolving Credit Borrowing, (B) the aggregate amount of such proposed BorrowingRevolving Credit Borrowing and the currency denomination thereof, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any a proposed Revolving Credit Borrowing in of Dollars, whether any portion of the proposed Borrowing these will be of Base Rate Loans or Eurocurrency Rate Loans and (D) the initial Interest Period or Periods for any such Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds of such Borrowing are to be deposited. The Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.142.14(Special Provisions Governing Eurocurrency Rate Loans), the Notice of Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Revolving Credit Loans denominated in Canadian Dollars Euros or Yen shall be made as Canadian Eurocurrency Rate Loans and shall not be available as Base Rate Loans. Notwithstanding anything to the contrary contained in Section 2.3(a) (Swing Loans), if any Notice of Borrowing requests a Dollar/Euro Revolving Credit Borrowing of Base Rate Loans unless denominated in Dollars, the Administrative Agent may make a Swing Loan available to the Company in an aggregate amount not to exceed such proposed Revolving Credit Borrowing, and the aggregate amount of the corresponding proposed Revolving Credit Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate reduced accordingly by the principal amount of such Swing Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Revolving Credit Borrowing shall be in an aggregate amount of that is not less than the applicable Minimum Currency ThresholdThreshold for such currency.

Appears in 1 contract

Samples: Credit Agreement (Johnson Polymer Inc)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Prime Rate Loans Loans, and (iii) 1:00 p.m. 11:00 a.m. (New York City time) three Business Days prior to the requested date of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Term Benchmark Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the requested date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency Available Currency in which such Loan is to be denominated, (F) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Term Benchmark Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (IG) the account or accounts into which the proceeds of such Borrowing are to be deposited. Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies or Term SOFR Loans; provided that all or a portion thereof each Swingline Loan shall be Eurocurrency a Base Rate LoansLoan. Revolving Loans denominated in Canadian Dollars shall be made as Canadian Base Prime Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate CDOR Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Term Benchmark Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency an Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the applicable Minimum Currency Threshold.

Appears in 1 contract

Samples: Credit Agreement (Vestis Corp)

Revolving Credit Borrowings. Each Except as otherwise provided in Section 2.4(c), each Revolving Credit Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (ix) 1:00 p.m. 11:00 A.M. (New York City time) on the same second Business Day as prior to the date of the proposed Borrowing, Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of Base Eurocurrency Rate LoansAdvances denominated in US Dollars, (iiy) 11:00 a.m. A.M. (New York City time) on the same third Business Day as prior to the date of the proposed Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any LIBOR Committed Currency, or (z) 3:00 P.M. (New York City time) on the date of the proposed Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of Base Rate Advances, by any Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier. Each such notice of a Revolving Credit Borrowing (a “Notice of Revolving Credit Borrowing”) shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B-1 hereto, specifying therein the requested (A) date of such Revolving Credit Borrowing, (B) Type of Advances comprising such Revolving Credit Borrowing, (C) aggregate amount of such Revolving Credit Borrowing, and (D) in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances, initial Interest Period and currency for each such Revolving Credit Advance. Each Lender shall, before 3:00 P.M. (New York City time) on the date of such Revolving Credit Borrowing, in the case of a Revolving Credit Borrowing consisting of Canadian Base Eurocurrency Rate Loans and (iii) 1:00 p.m. Advances denominated in US Dollars, before 5:00 P.M. (New York City time) three Business Days prior to on the date of such Revolving Credit Borrowing, in the proposed case of Base Rate Advances and before 3:00 P.M. (New York City time) on the date of such Revolving Credit Borrowing, in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Loans Advances denominated in any LIBOR Committed Currency, make available for the account of its Applicable Lending Office to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such Lender’s ratable portion of such Revolving Credit Borrowing. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will make such funds available to the Borrower requesting the Revolving Credit Borrowing at the Administrative Agent’s address referred to in Section 10.2 or BA Rate Loans. Each at the applicable Payment Office, as the case may be; provided, however, that, if such notice Borrowing is denominated in US Dollars or Euro, the Administrative Agent shall be first make a portion of such funds equal to the aggregate principal amount of any Swing Line Advances made to such Borrower in substantially the form of Exhibit E such currency by each Swing Line Bank and shall specify (A) by any other Lender and outstanding on the date of such proposed Revolving Credit Borrowing, (B) the aggregate amount plus interest accrued and unpaid thereon to and as of such proposed Borrowingdate, (C) the Revolving Facility pursuant available to which such Loan is to be made, (D) the Borrower to which Swing Line Bank and such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts into which the proceeds other Lenders for repayment of such Borrowing are to be deposited. Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency ThresholdSwing Line Advances.

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Prime 66 Rate Loans Loans, and (iii) 1:00 p.m. 11:00 a.m. (New York City time) three Business Days prior to the requested date of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Term Benchmark Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the requested date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency Available Currency in which such Loan is to be denominated, (F) in the case of any Borrowing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Term Benchmark Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (IG) the account or accounts into which the proceeds of such Borrowing are to be deposited. Revolving Loans denominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies or Term SOFR Loans; provided that all or a portion thereof each Swingline Loan shall be Eurocurrency a Base Rate LoansLoan. Revolving Loans denominated in Canadian Dollars shall be made as Canadian Base Prime Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate CDOR Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Term Benchmark Loan, then the applicable Borrower shall be deemed to have selected a Eurocurrency an Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the applicable Minimum Currency Threshold.

Appears in 1 contract

Samples: Credit Agreement (Vestis Corp)

Revolving Credit Borrowings. Each Borrowing under any Revolving Facility shall be made on notice, in the form of a Borrowing Request, given by the applicable Borrower to the Agent not later than (i) 1:00 p.m. (New York City time) on the same Business Day as the date of the proposed BorrowingBorrow- ing, in the case of a Borrowing of Base Rate Loans, (ii) 11:00 a.m. (New York City time) on the same Business Day as the date of the proposed Borrowing, in the case of a Borrowing of Canadian Base Rate Loans and (iii) 1:00 p.m. (New York City time) three Business Days prior to the date of the proposed Borrowing, in the case of a Borrowing of Eurocurrency Rate Loans or BA Rate Loans. Each such notice shall be in substantially the form of Exhibit E and shall specify (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) the Revolving Facility pursuant to which such Loan is to be made, (D) the Borrower to which such Revolving Loan is being made, (E) the currency in which such Loan is to be denominated, (F) in the case of any Borrowing Borrow- ing in Dollars, whether any portion of the proposed Borrowing will be of Eurocurrency Euro- currency Rate Loans, (G) in the case of Loans denominated in Canadian Dollars, whether any portion of the proposed Borrowing will be BA Rate Loans, (H) in the case of any Eurocurrency Rate Loan, the initial Eurocurrency Interest Period or Eurocurrency Interest Periods thereof and in the case of any BA Rate Loan, the initial BA Interest Period or BA Interest Periods thereof and (I) the account or accounts ac- counts into which the proceeds of such Borrowing are to be deposited. Loans denominated de- nominated in Dollars shall be made as Base Rate Loans unless, subject to Section 2.14, the Borrowing Request specifies that all or a portion thereof shall be Eurocurrency Euro- currency Rate Loans. Loans denominated in Canadian Dollars shall be made as Canadian Base Rate Loans unless the Borrowing Request specifies that all or a portion thereof shall be BA Rate Loans. If no Eurocurrency Interest Period is specified with respect to any requested Eurocurrency Rate Loan, then the applicable applica- ble Borrower shall be deemed to have selected a Eurocurrency Interest Period of one month’s duration. If no BA Interest Period is specified with respect to any requested BA Rate Loan, then the applicable Borrower shall be deemed to have selected a BA Interest Period of 30 days’ duration. Each Borrowing shall be in an aggregate amount of not less than the Minimum Currency Threshold.any

Appears in 1 contract

Samples: Credit Agreement (Aramark)

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