Common use of Term Loan Request Clause in Contracts

Term Loan Request. Until the Term Loan Draw Expiration Date, the Borrower may make one (1) request that the Lenders make Term Loans by 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 Term Loans to which the LIBOR Rate Option applies, or (ii) on the Borrowing Date with respect to the making of Term Loans to which the Base Rate Option applies, a duly completed 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. The Loan Request shall be irrevocable and shall specify the aggregate amount of the proposed Term Loans and, if applicable, the Interest Period.

Appears in 2 contracts

Samples: Joinder and Assumption Agreement (Under Armour, Inc.), Credit Agreement (Under Armour, Inc.)

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