Loan Request definition
Examples of Loan Request in a sentence
In the case of a Revolving Credit Loan, the Administrative Agent shall have received a Loan Request as provided in Section 2.8. In the case of a Swing Line Loan, the applicable Swing Line Bank and the Administrative Agent shall have received a Swing Line Loan Request as provided in Section 2.4(b).
Each Loan Request shall be in a minimum aggregate amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof.
Each such Loan Request must be received by the Administrative Agent no later than (a) 12:00 noon on the proposed Drawdown Date of any Federal Funds Rate Loan or Alternate Base Rate Loan and (b) three (3) Business Days prior to the proposed Drawdown Date of any Term SOFR Loan.
Promptly upon receipt of any such Loan Request, the Administrative Agent shall notify each of the Banks thereof.
Each of the submission of a Loan Request or a Swing Line Loan Request by the Borrower and the acceptance by the Borrower of any Loan shall constitute a representation and warranty by the Borrower that the conditions set forth below have been satisfied.