Common use of Revolving Credit Loan Requests Clause in Contracts

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in integral multiples of $300,000.00 and not less than $300,000.00 for each Borrowing Tranche under the LIBOR Rate Option and in integral multiples of $100,000.00 and not less than $300,000.00 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Breeze-Eastern Corp)

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Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m.1:00 p.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 500,000 and not less than $300,000.00 1,000,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 100,000 and not less than $300,000.00 500,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Johnson Outdoors Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, e-mail, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in integral multiples of $300,000.00 1,000,000 and not less than $300,000.00 5,000,000 for each Borrowing Tranche under the LIBOR Rate Option and in integral multiples of $100,000.00 1,000,000 and not less than the lesser of $300,000.00 5,000,000 or the maximum amount available for each Borrowing Tranche Tranches under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Nacco Industries Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 11:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in integral multiples of $300,000.00 500,000 and not less than $300,000.00 1,000,000 for each Borrowing Tranche under the LIBOR Rate Option and in integral multiples of $100,000.00 and not less than the lesser of $300,000.00 500,000 or the maximum amount available for each Borrowing Tranche Tranches under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Finish Line Inc /In/)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Revolving Credit Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Revolving Credit Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Revolving Credit Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 500,000 and not less than $300,000.00 1,000,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 100,000 and not less than $300,000.00 250,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Pegasystems Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 3.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.4.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of One Million and 00/100 Dollars ($300,000.00 1,000,000.00) and not less than Two Million and 00/100 Dollars ($300,000.00 2,000,000.00) for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of One Hundred Thousand and 00/100 Dollars ($100,000.00 100,000.00) and not less than Five Hundred Thousand and 00/100 Dollars ($300,000.00 500,000.00) for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Rti International Metals Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Maturity Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) 1:00 p.m., three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. 1:00 p.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 1,000,000 and not less than $300,000.00 5,000,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 1,000,000 and not less than $300,000.00 5,000,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Cloud Peak Energy Inc.)

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Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1, or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form form, in each case which request shall also indicate whether such Revolving Credit Loan will be extended to the UK Borrower or US Borrower (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 100,000 and not less than $300,000.00 500,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 10,000 and not less than $300,000.00 100,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Sl Industries Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders Banks to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 3.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m.12:00 noon, Columbus, Ohio time, (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Euro-Rate Option applies or the conversion to or the renewal of the LIBOR Euro-Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request Loan Request therefor substantially in the form of Exhibit 2.4(1) 2.4.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in the form of such form exhibit (each, a "Revolving Credit Loan Request"), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date; (ii) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in integral multiples of One Million and 00/100 Dollars ($300,000.00 1,000,000.00) and not less than Five Million and 00/100 Dollars ($300,000.00 5,000,000.00) for each Borrowing Tranche under to which the LIBOR Euro-Rate Option applies and in integral multiples of One Million and 00/100 Dollars ($100,000.00 1,000,000.00) and not less than the lesser of Five Million and 00/100 Dollars ($300,000.00 5,000,000.00) or the maximum amount available for each Borrowing Tranche under Tranches to which the Base Rate OptionOption applies; (iii) whether the Euro-Rate Option or Base Rate Option shall apply to the proposed Loans comprising the applicable Borrowing Tranche; and (iv) in the case of a Borrowing Tranche to which the Euro-Rate Option applies, an appropriate Interest Period for the Loans comprising such Borrowing Tranche.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower Borrowers may from time to time prior to the Revolving Credit Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; Loans and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile or telex in such form (each, a “Loan Request”), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify (A) the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 500,000 and not less than $300,000.00 500,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 500,000 and not less than $300,000.00 500,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (Healthcare Services Group Inc)

Revolving Credit Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request the Lenders to make Revolving Credit Loans, or renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans or Term Loans pursuant to Section 4.2 [Interest Periods], by delivery delivering to the Administrative Agent, not later than 10:00 a.m., (i) three (3) Business Days prior to the proposed Borrowing Date with respect to the making of Revolving Credit Loans to which the LIBOR Rate Option applies or the conversion to or the renewal of the LIBOR Rate Option for any Loans; and (ii) and not later than 10:00 a.m. on the same Business Day of the proposed Borrowing Date with respect to the making of a Revolving Credit Loan to which the Base Rate Option applies or the last day of the preceding Interest Period with respect to the conversion to the Base Rate Option for any Loan, of a duly completed request therefor substantially in the form of Exhibit 2.4(1) 2.5.1 or a request by telephone immediately confirmed in writing by letter, facsimile facsimile, email or telex in such form (each, a "Loan Request"), it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Loans comprising each Borrowing Tranche, and, if applicable, the Interest Period, which amounts shall be in (x) integral multiples of $300,000.00 500,000 and not less than $300,000.00 1,000,000 for each Borrowing Tranche under the LIBOR Rate Option Option, and in (y) integral multiples of $100,000.00 100,000 and not less than $300,000.00 500,000 for each Borrowing Tranche under the Base Rate Option.

Appears in 1 contract

Samples: Credit Agreement (K12 Inc)

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