Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Company shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) or telephonic notice (followed by prompt delivery of such Notice of Borrowing) not later than 11:00 a.m. Charlotte time in the case of a Base Rate Loan, Swingline Loan or LIBOR Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, (iii) on or prior to the third (3rd) Business Day before each LIBOR Rate Loan denominated in Dollars and (iv) on or prior to the fourth (4th) Business Day before each LIBOR Rate Loan denominated in an Alternative Currency, of the applicable Borrower’s intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollars, whether such Loan shall be a LIBOR Rate Loan or a Base Rate Loan, (E) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if less, (1) with respect to Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) in an aggregate principal Alternative Currency Amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (F) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (G) the applicable Borrower with respect to such Loan. A Notice of Borrowing received after the time set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Lenders of each Notice of Borrowing, including, in the instance of a Japanese Yen Loan, instructions for the advancement of such loans.

Appears in 3 contracts

Samples: Credit Agreement (BlackRock Inc.), Credit Agreement (BlackRock Inc.), Revolving Credit Agreement (BlackRock Inc.)

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Requests for Borrowing. The Company Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B F (a “Notice of Borrowing”) or telephonic notice (followed by prompt delivery of such Notice of Borrowing) not later than 11:00 a.m. Charlotte time in the case of a Base Rate Loan, Swingline Loan or LIBOR Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, at least three (iii) on or prior to the third (3rd3) Business Day Days before each LIBOR Rate Loan denominated in Dollars and (iviii) on or prior to the fourth at least four (4th4) Business Day Days before each LIBOR Rate Loan denominated in an Alternative Currency, of the applicable Borrower’s its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollars, whether such Loan shall be a LIBOR Rate Loan or a Base Rate Loan, (E) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if lessbe, (1x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) in an aggregate principal Alternative Currency Amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5z) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (FC) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (GF) in the case of a LIBOR Rate Loan, whether such Loan is to be denominated in Dollars or an Alternative Currency. If the Borrower fails to specify a type of Loan in a Notice of Borrowing, then the applicable Loans shall be made as Base Rate Loans. If the Borrower with respect requests a borrowing of LIBOR Rate Loans in any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. If the Borrower requests a borrowing of LIBOR Rate Loans in any such LoanNotice of Borrowing, but fails to specify the currency, it will be deemed to have specified Dollars. A Notice of Borrowing received after the time set forth above 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Revolving Credit Lenders of each Notice of Borrowing, including, in the instance of a Japanese Yen Loan, instructions for the advancement of such loans.

Appears in 2 contracts

Samples: Credit Agreement (Quanex Building Products CORP), Credit Agreement (Quanex Building Products CORP)

Requests for Borrowing. The Company applicable Borrower or Borrowers shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a "Notice of Borrowing") or telephonic notice (followed by prompt delivery of such Notice of Borrowingi) not later than 11:00 a.m. (Charlotte time in time) (A) on or prior to the case of a Base Rate same Business Day for each Swingline Loan, Swingline Loan or LIBOR (B) at least one Business Day before each Base Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR (C) at least three (3) Business Days before each Base Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable and (iD) on the same Business Day as each Base Rate Loan and each Swingline Loan, at least three (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, (iii) on or prior to the third (3rd3) Business Day Days before each LIBOR Rate Loan denominated in Dollars and (ivii) on or prior to the fourth not later than 9:00 a.m. (4thCharlotte time) at least three (3) Business Day Days before each LIBOR Rate Loan to be denominated in an Alternative Currency, Currency of the applicable Borrower’s its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Swingline Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollarsto be a Revolving Credit Loan, whether such Loan shall be a LIBOR Rate Loan denominated in Dollars or a Base Rate Loanan Alternative Currency, (ED) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if less, (1) with respect to Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof, thereof (3) and with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) an Alternative Currency, the Dollar Amount in each case thereof), with respect to Base Rate Loans in an aggregate principal Alternative Currency Amount amount of $5,000,000 1,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5) with respect to Swingline Loans in an aggregate principal amount of $500,000 100,000 or a whole multiple of $100,000 in excess thereof, (E) if denominated in Dollars, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans and (F) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (G) the applicable Borrower with respect to such Loanthereto. A Notice of Borrowing Notices received after the time set forth above 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify (and in any event provide same day notice to) the applicable Lenders of each Notice of Borrowing, including, in the instance of Borrowing with respect to a Japanese Yen Revolving Credit Loan, instructions for the advancement of such loans.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Requests for Borrowing. The Company Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) or telephonic notice (followed by prompt delivery of such Notice of Borrowing) not later than 11:00 a.m. Charlotte time in the case of a Base Rate Loan, Swingline Loan or LIBOR Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, (iii) on or prior to the third (3rd) Business Day before each LIBOR Rate Loan denominated in Dollars and (iv) on or prior to the fourth (4th) Business Day before each LIBOR Rate Loan denominated in an Alternative Currency, of the applicable Borrower’s its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollars, whether such Loan shall be a LIBOR Rate Loan or a Base Rate Loan, (E) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if less, (1) with respect to Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) in an aggregate principal Alternative Currency Amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, thereof and (F) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (G) the applicable Borrower with respect to such Loanthereto. A Notice of Borrowing received after the time set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Lenders of each Notice of Borrowing, including, in the instance of a Japanese Yen Loan, instructions for the advancement of such loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (BlackRock Inc.)

Requests for Borrowing. The Company shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B (a “Notice of Borrowing”) or telephonic notice (followed by prompt delivery of such Notice of Borrowing) not later than 11:00 a.m. Charlotte time in the case of a Base Rate Loan, Swingline Loan or LIBOR Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, (iii) on or prior to the third (3rd) Business Day before each LIBOR Rate Loan denominated in Dollars and (iv) on or prior to the fourth (4th) Business Day before each LIBOR Rate Loan denominated in an Alternative Currency, of the applicable Borrower’s intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a USD Revolving Credit Loan, a Swingline Loan or a Japanese Yen Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollars, whether such Loan shall be a LIBOR Rate Loan or a Base Rate Loan, (E) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Revolving Commitment, the Swingline Commitment or the Yen Loan LoanAggregate USD Revolving Commitment, the applicable Swingline Commitment of the applicable Swingline Lender or the Japanese Yen Commitment, as applicable, then available to the applicable Borrower, or if less, (1) with respect to Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) in an aggregate principal Alternative Currency Amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (F) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (G) the applicable Borrower with respect to such Loan (which, in the case of any USD Revolving Credit Loan, shall be the Company). A Notice of Borrowing received after the time set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Lenders of each Notice of Borrowing, including, in the instance of a Japanese Yen Loan, instructions for the advancement of such loans.

Appears in 1 contract

Samples: Credit Agreement (BlackRock Inc.)

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Requests for Borrowing. The Company applicable Borrower or Borrowers shall give the Administrative Agent irrevocable prior written notice substantially in the form of attached hereto as Exhibit B (a "Notice of Borrowing") or telephonic notice (followed by prompt delivery of such Notice of Borrowingi) not later than 11:00 a.m. (Charlotte time in time) (A) on or prior to the case of a Base Rate same Business Day for each Swingline Loan, Swingline Loan or LIBOR (B) at least one Business Day before each Base Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR (C) at least three (3) Business Days before each Base Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable and (iD) on the same Business Day as each Base Rate Loan and each Swingline Loan, at least three (ii) on or prior to the second Business Day before each Japanese Base Rate Loan, (iii) on or prior to the third (3rd3) Business Day Days before each LIBOR Rate Loan denominated in Dollars and (ivii) on or prior to the fourth not later than 9:00 a.m. (4thLondon time) at least three (3) Business Day Days before each LIBOR Rate Loan to be denominated in an Alternative Currency, Currency of the applicable Borrower’s its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Swingline Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollarsto be a Revolving Credit Loan, whether such Loan shall be a LIBOR Rate Loan denominated in Dollars or a Base Rate Loanan Alternative Currency, (ED) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if less, (1) with respect to Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 3,000,000 or a whole multiple of $1,000,000 in excess thereof, thereof (3) and with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) an Alternative Currency, the Dollar Amount in each case thereof), with respect to Base Rate Loans in an aggregate principal Alternative Currency Amount amount of $5,000,000 1,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5) with respect to Swingline Loans in an aggregate principal amount of $500,000 100,000 or a whole multiple of $100,000 in excess thereof, (E) if denominated in Dollars, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans and (F) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto and (G) the applicable Borrower with respect to such Loanthereto. A Notice of Borrowing Notices received after the time set forth above 11:00 a.m. (London time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify (and in any event provide same day notice to) the applicable Lenders of each Notice of Borrowing, including, in the instance of Borrowing with respect to a Japanese Yen Revolving Credit Loan, instructions for the advancement of such loans.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Requests for Borrowing. The Company Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B F (a “Notice of Borrowing”) or telephonic notice (followed by prompt delivery of such Notice of Borrowing) not later than 11:00 a.m. Charlotte time in the case of a Base Rate Loan, Swingline Loan or LIBOR Rate Loan denominated in Dollars, 5:00 p.m. London time in the case of a LIBOR Rate Loan denominated in an Alternative Currency or 1:00 p.m. Charlotte time in the case of a Japanese Yen Loan, as applicable (i) on the same Business Day as each Base Rate Loan and each Swingline Loan, (iiii)(A) on or prior to in the second case of an RFR Loan denominated in Dollars, at least three (3) RFR Business Day Days before each Japanese Base LIBORsuch RFR Loan, (B) in the case of a Eurocurrency Rate Loan denominated in Dollars, at least three (3) Eurocurrency Banking Days before such Eurocurrency Rate Loan, (iiiC) on or prior to in the third case of an RFR Loan denominated in any Alternative Currency, at least three (3rd3) RFR Business Day Days before each LIBOR such RFR Loan, and (iiiD) in the case of a Eurocurrency Rate Loan denominated in Dollars and any Alternative Currency, at least four (iv4) on or prior to the fourth (4th) Business Day BusinessEurocurrency Banking Days before each LIBOR LIBORsuch Eurocurrency Rate Loan denominated in an Alternative Currency, of the applicable Borrower’s its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether such Loan is to be a Revolving Credit Loan, a Swingline Loan or a Japanese Yen Loan, (C) the applicable Permitted Currency, (D) if such Loan is denominated in Dollars, whether such Loan shall be a LIBOR Rate Loan or a Base Rate Loan, (E) the amount of such borrowing, which shall be in an amount equal to the amount of the Aggregate Commitment, the Swingline Commitment or the Yen Loan Commitment, as applicable, then available to the applicable Borrower, or if lessbe, (1x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof, (y) with respect to LIBOREurocurrency Rate Loans and RFR Loans in an aggregate principal amount of $5,000,000 1,000,000 or a whole multiple of $1,000,000 in excess thereof, (2) with respect to LIBOR Rate Loans denominated in Dollars in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (3) with respect to LIBOR Rate Loans denominated in a Permitted Currency (other than Dollars) in an aggregate principal Alternative Currency Amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof, (4) with respect to Japanese Yen Loans in an aggregate principal Japanese Yen Amount of $500,000 or a whole multiple of $100,000 in excess thereof and (5z) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (FC) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a LIBOR Revolving Credit Loan whether the Loans are to be LIBORa Eurocurrency Rate LoansLoan, an RFR Loan or Base Rate Loans, (E) in the case of a LIBOREurocurrency Rate Loan or a Term RFR Loan, the duration of the Interest Period applicable thereto and (GF) in the case of a LIBOREurocurrency Rate Loan or a Term RFR Loan, whether such Loan is to be denominated in Dollars or an Alternative Currency. If the Borrower fails to specify a type of Loan in a Notice of Borrowing, then the applicable Loans shall be made as Base Rate Loans. If the Borrower with respect requests a borrowing of LIBOREurocurrency Rate Loans or Term RFR Loans in any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. If the Borrower requests a borrowing of LIBOREurocurrency Rate Loans or Term RFR Loans in any such LoanNotice of Borrowing, but fails to specify the currency, it will be deemed to have specified Dollars. A Notice of Borrowing received after the time set forth above 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the applicable Revolving Credit Lenders of each Notice of Borrowing, including, in the instance of a Japanese Yen Loan, instructions for the advancement of such loans.

Appears in 1 contract

Samples: Credit Agreement (Quanex Building Products CORP)

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