Manner of Borrowing and Funding Revolver Loans Sample Clauses

Manner of Borrowing and Funding Revolver Loans. Borrowings under the Commitments established pursuant to Section 1.1 hereof shall be made and funded as follows:
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Manner of Borrowing and Funding Revolver Loans. Borrowings under the Commitments established pursuant to Section 2.1 hereof shall be made and funded as follows:
Manner of Borrowing and Funding Revolver Loans. Borrowings under the Revolver Commitment established pursuant to SECTION 1.1 hereof shall be made and funded as follows:
Manner of Borrowing and Funding Revolver Loans. (a) Bank, in its discretion, may require from Borrowers a signed written request for a Revolver Loan in the form of Annex B attached hereto (a “Notice of Borrowing”), which request shall be irrevocable and shall be delivered to Bank no later than 12:00 noon (local time in Atlanta, Georgia) on the date of the requested Revolver Loan, and shall specify the date (which shall be a Business Day), the amount of the proposed Revolver Loan and whether the proposed Revolver Loan will be a Prime Rate Loan or a LIBOR Loan (and to the extent not specified, it shall be deemed to be a request for a LIBOR Loan) and provide such other information as Bank may require. Bank’s acceptance of such a request shall be indicated by its making the Revolver Loan requested. Such a Revolver Loan shall be made available to Borrowers in immediately available funds at Bank’s address referred to in Section 10.4. The Revolver Loans made by Bank on the Closing Date shall each be in excess of $250,000. Borrowers may not request any LIBOR Loans if a Default or Event of Default exists.
Manner of Borrowing and Funding Revolver Loans. 4.1.1 Notice of Borrowing.
Manner of Borrowing and Funding Revolver Loans. Borrowings under the DIP Facility established pursuant to SECTION 1 hereof shall be made and funded as follows:
Manner of Borrowing and Funding Revolver Loans. (a) Whenever it desires to make a Borrowing under this Agreement, Borrower shall give Agent prior written notice (or telephonic notice promptly confirmed in writing) of such Borrowing request (a "Notice of Borrowing"), which Notice of Borrowing shall be in such form as may be prescribed from time to time by Agent and shall be given by Borrower no later than 11:00 a.m. (Atlanta time) at the office of Agent on the Domestic Business Day of the requested Borrowing. Notices received after 11:00 a.m. (Atlanta time) shall be deemed received on the next Domestic Business Day. Each Notice of Borrowing shall be irrevocable and shall specify the principal amount of the Borrowing and the date of Borrowing (which shall be a Domestic Business Day). Unless payment is otherwise timely made by Borrower, the becoming due of any amount required to be paid under this Agreement or any of the Related Agreements as principal, accrued interest, fees or other charges shall be deemed irrevocably to be a request for a Revolver Loan on the due date of, and in an aggregate amount required to pay, such principal, accrued interest, fees or other charges, and the proceeds of each such Revolver Loan may be disbursed by Agent by way of direct payment of the relevant Revolver Loan Obligation and shall bear interest as provided herein. As an accommodation to Borrower, Agent may permit telephonic requests for Borrowings and electronic transmittal of instructions, authorizations, agreements or reports to Agent by Borrower. Unless Borrower specifically directs Agent in writing not to accept or act upon telephonic or electronic communications from Borrower, Agent shall have no liability to Borrower for any loss or damage suffered by Borrower as a result of Agent's honoring of any requests, execution of any instructions, authorizations or agreements or reliance on any reports communicated to it telephonically or electronically and purporting to have been sent to Agent by Borrower and Agent shall have no duty to verify the origin of any such communication or the authority of the person sending it.
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Manner of Borrowing and Funding Revolver Loans 

Related to Manner of Borrowing and Funding Revolver Loans

  • Procedure for Borrowing Revolving Loans Each Borrowing shall be made by a written request by an Authorized Person delivered to Agent and received by Agent no later than 10:00 a.m. (i) on the Business Day that is the requested Funding Date in the case of a request for a Swing Loan, and (ii) on the Business Day that is 1 Business Day prior to the requested Funding Date in the case of all other requests, specifying (A) the amount of such Borrowing, and (B) the requested Funding Date (which shall be a Business Day); provided, that Agent may, in its sole discretion, elect to accept as timely requests that are received later than 10:00 a.m. on the applicable Business Day. At Agent’s election, in lieu of delivering the above-described written request, any Authorized Person may give Agent telephonic notice of such request by the required time. In such circumstances, Borrowers agree that any such telephonic notice will be confirmed in writing within 24 hours of the giving of such telephonic notice, but the failure to provide such written confirmation shall not affect the validity of the request.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

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