Term Loan-I Borrowing Procedure Sample Clauses

Term Loan-I Borrowing Procedure. In order to request the Term Loan-I, Westinghouse shall hand deliver or telecopy to the Administrative Agent a Term Loan-I Borrowing Request in the form of Exhibit B-1 (a) in the case of a Eurodollar Committed Loan, not later than 10:30 a.m., New York City time, three Business Days prior to the Merger Date, and (b) in the case of an ABR Loan, not later than 10:30 a.m., New York City time, one Business Day prior to the Merger Date. Such notice shall be irrevocable and shall specify (i) whether the borrowing then being requested is to be of Eurodollar Committed Loans, ABR Loans or a combination thereof and (ii) in the case of Eurodollar Committed Loans, the Interest Period with respect thereto. The Administrative Agent shall promptly advise each Term Loan-I Lender of any notice given pursuant to this Section 2.3 and of such Lender's portion of Term Loan-I.