Requesting a Loan Sample Clauses

Requesting a Loan. The request must be in writing in a form acceptable to Aetna and must assign to Aetna that portion of their Individual Account Reserve necessary to cover the loan amount plus interest. A loan may not be requested within 12 months of any prior loan request.
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Requesting a Loan. To the extent the Borrower desires to request the Bank to make a Loan to the Borrower hereunder, the Borrower shall give the Bank a notice substantially in the form of Exhibit B attached hereto (a “Notice of Borrowing or Prepayment”) not later than 3:00 p.m. (Boston time) (or telephonic notice not later than 3:00 p.m. (Boston time) confirmed in writing substantially in the form of Exhibit B attached hereto not later than 4:00 p.m. (Boston time)) on the Business Day of each proposed borrowing of a Loan. Each Notice of Borrowing or Prepayment or oral request shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 3.02(a) through (d) hereof (and, in the case of the initial Loan to be made hereunder, Section 3.01 hereof) have been satisfied on the date of such notice and will be satisfied on the Drawdown Date of such Loan (if the Bank elects, in its sole and absolute discretion to make such Loan to the Borrower).
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Requesting a Loan. To request a Loan, the Borrower shall submit to the Administrative Agent a Borrowing Request substantially in the form of Exhibit D attached hereto, not later than (i) in the case of an ABR Loan, 1:00 p.m., Eastern time, on the Business Day of the proposed Loan, or (ii) in the case of a LIBOR Loan, 1:00 p.m., Eastern time, three (3) Business Days before the date of the proposed Loan. Each such Borrowing Request shall be irrevocable and shall specify: (A) the requested date for such Loan (which shall be a Business Day), (B) whether such Loan is to be an ABR Loan or a LIBOR Loan, (C) the amount of such Loan, which shall be in an Approved Amount, and (D) with respect to each LIBOR Loan, the Interest Period therefor, provided that, if (x) the Borrower shall fail to specify whether such requested Loan is to be an ABR Loan or a LIBOR Loan, then such Loan shall be made as a LIBOR Loan with an interest period of one month, or (y) immediately after giving effect to the making of such requested Loan, there would be Loans outstanding with in excess of six (6) different Interest Periods, then such Loan shall be made as an ABR Loan.
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Requesting a Loan. To request a Loan, the Borrower shall make a telephonic Borrowing Request to the Administrative Agent, not later than 1:00 p.m., New York City time, on the Business Day of the proposed Loan. Such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, e-mail transmission or facsimile to the Administrative Agent of a duly executed Borrowing Request duly signed by or on behalf of the Borrower. Each such telephonic and written Borrowing Request shall specify: (A) the requested date for such Loan (which shall be a Business Day), and (B) the amount of such Loan, which shall be in an Approved Amount.
Sample 1
Requesting a Loan. Each Loan shall be made pursuant to a Borrowing Request (or by telephone notice promptly confirmed in writing by a Borrowing Request), given by such Borrower to the Agent not later than 10:00 a.m., Dallas, Texas time (i) at least three Business Day before the date of the proposed Loan, in the case of a LIBO Rate Loan, and (ii) at least one Business Day before the date of the proposed Loan, in the case of a Floating Rate Loan, by the applicable Borrower to the Agent. Each Borrowing Request shall be in writing or by facsimile or telephone, confirmed immediately in writing specifying (v) name of the Borrower requesting the Loan, (w) the requested date of such Loan (which shall be a Business Day), (x) whether the requested Loan is a LIBO Rate Loan or a Floating Rate Loan (y) the requested aggregate amount of such Loan, and (z) if such Loan is to be a LIBO Rate Loan, the requested Interest Period for such Loan.
Sample 1

Related to Requesting a Loan

  • Request for Borrowing The Administrative Agent shall have received a Request for Borrowing or Request for Letter of Credit, together with a Borrowing Base Certificate;

  • Incremental Loan Request Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments. Incremental Term Loans may be made, and Incremental Revolving Credit Commitments may be provided, by any existing Lender (but each existing Lender will not have an obligation to make any Incremental Commitment, nor will the Borrower have any obligation to approach any existing lenders to provide any Incremental Commitment) or by any other bank or other financial institution (any such other bank or other financial institution being called an “Additional Lender”) (each such existing Lender or Additional Lender providing such, an “Incremental Revolving Credit Lender” or “Incremental Term Lender,” as applicable, and, collectively, the “Incremental Lenders”); provided that (i) the Administrative Agent, each Swing Line Lender and each L/C Issuer shall have consented (not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment Increases to the extent such consent, if any, would be required under Section 10.07(b) for an assignment of Loans or Revolving Credit Commitments, as applicable, to such Lender or Additional Lender, (ii) with respect to Incremental Term Commitments, any Affiliated Lender providing an Incremental Term Commitment shall be subject to the same restrictions set forth in Section 10.07(l) as they would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans and (iii) Affiliated Lenders may not provide Incremental Revolving Credit Commitments.

  • Committed Loan Notice The Administrative Agent shall have received a Committed Loan Notice in accordance with the requirements hereof.

  • Type of Loan 1.1 The type of Loan is short-term working capital loan.

  • Borrowing/Election Notice The Borrower shall give the Administrative Agent an irrevocable Borrowing/Election Notice of each conversion of a Floating Rate Loan into a Eurodollar Rate Loan or continuation of a Eurodollar Rate Loan not later than 11:00 a.m. (Chicago time) three (3) Business Days prior to the date of the requested conversion or continuation, specifying: (i) the requested date (which shall be a Business Day) of such conversion or continuation; (ii) the amount and Type of the Loan to be converted or continued; and (iii) the amount of Eurodollar Rate Loan(s) into which such Loan is to be converted or continued, and the duration of the Interest Period applicable thereto.

  • Borrowing Upon receipt of Proper Instructions, the Custodian shall deliver securities of a Portfolio to lenders or their agents, or otherwise establish a segregated account as agreed to by the applicable Fund on behalf of such Portfolio and the Custodian, as collateral for borrowings effected by such Portfolio, provided that such borrowed money is payable by the lender (a) to or upon the Custodian's order, as Custodian for such Portfolio, and (b) concurrently with delivery of such securities.

  • Loan Request See Section 2.6.

  • Borrowing Notice The Borrower shall deliver to the Agent and the Swing Line Lender irrevocable notice (a "Swing Line Borrowing Notice") not later than noon (Chicago time) on the Borrowing Date of each Swing Line Loan, specifying (i) the applicable Borrowing Date (which date shall be a Business Day), and (ii) the aggregate amount of the requested Swing Line Loan which shall be an amount not less than $100,000. The Swing Line Loans shall bear interest at the Floating Rate.

  • Borrowing Certificate The Administrative Agent shall have received, with a counterpart for each Lender, a certificate of the Borrower, dated the Closing Date, substantially in the form of Exhibit D, with appropriate insertions and attachments, reasonably satisfactory in form and substance to the Administrative Agent, executed by the President or any Vice President and the Secretary or any Assistant Secretary of the Borrower.

  • Amount of Loan The Loan shall comprise the aggregate amount of Tranches disbursed by the Bank under the Credit, as confirmed by the Bank pursuant to Article 2.03.

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