Common use of Swing Loan Requests Clause in Contracts

Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make a Swing Loan by delivery to PNC Bank, not later than 12:00 noon Pittsburgh time, on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 hereto or a request by telephone immediately confirmed in writing by letter, facsimile or telex, it being understood that PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) days, and (iii) the principal amount of such Swing Loan, which shall not be less than $250,000 and shall be an integral multiple of $100,000.

Appears in 3 contracts

Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)

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Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make a Swing Loan by delivery to PNC Bank, not later than 12:00 noon Pittsburgh time, on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 2.4.2 hereto or a request by telephone immediately confirmed in writing by letter, facsimile or telextelex (each, a "Swing Loan Request"), it being understood that PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) three days, and (iii) the principal amount of such Swing Loan, which shall be not be less than $250,000 1,000,000 and shall be an integral multiple of $100,000.

Appears in 2 contracts

Samples: Credit Agreement (Arch Coal Inc), Pledge Agreement (Arch Coal Inc)

Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make a Swing Loan Loans by delivery to PNC Bank, Bank not later than 12:00 noon 2:00 p.m., Pittsburgh time, time on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 2.4.2 hereto or a request by telephone immediately confirmed in writing by letter, facsimile or telextelex (each, a "Swing Loan Request"), it being understood that the PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) daysLoan Interest Period, and (iii) the principal amount of such Swing Loan, which shall be not be less than $250,000 500,000 and shall be an integral multiple of $100,000.

Appears in 2 contracts

Samples: Credit Agreement (KPMG Consulting Inc), Credit Agreement (Bearingpoint Inc)

Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make a Swing Loan by delivery to PNC Bank, not later than 12:00 noon Pittsburgh time, on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 2.5. hereto or a request by telephone immediately confirmed in writing by letter, facsimile or telex, it being understood that PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) days, and (iii) the principal amount of such Swing Loan, which shall not be less than $250,000 and shall be an integral multiple of $100,000.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Revolving Credit Expiration Date request PNC Bank to make a Swing Loan Loans by delivery to PNC Bank, Bank not later than 12:00 noon 2:00 p.m., Pittsburgh time, time on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 2.4.2 hereto or a request by telephone ------------- immediately confirmed in writing by letter, facsimile or telextelex (each, a "Swing Loan Request"), it being understood that the PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) daysLoan Interest Period, and (iii) the principal amount of such Swing Loan, which shall be not be less than $250,000 500,000 and shall be an integral multiple of $100,000.

Appears in 1 contract

Samples: Credit Agreement (KPMG Consulting Inc)

Swing Loan Requests. Except as otherwise provided herein, the Borrower may from time to time prior to the Expiration Date request PNC Bank to make a Swing Loan by delivery to PNC Bank, not later than 12:00 noon Pittsburgh time, on the proposed Borrowing Date of a duly completed request therefor substantially in the form of Exhibit 2.5.2 2.5 hereto or a request by telephone immediately confirmed in writing by letter, facsimile or telex, it being understood that PNC Bank may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each Swing Loan Request shall be irrevocable and shall specify (i) the proposed Borrowing Date, (ii) the term of the proposed Swing Loan, which shall be no less than one day and no longer than seven (7) days, and (iii) the principal amount of such Swing Loan, which shall not be less than $250,000 and shall be an integral multiple of $100,000.

Appears in 1 contract

Samples: Credit Agreement (New Jersey Resources Corp)

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