Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 (a “Notice of Borrowing”) not later than (i) 12:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Choice Hotels International Inc /De)

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Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 (a “Notice of Borrowing”) not later than 12:00 p.m. (i) 12:00 p.m. on the same Business Day as each ABR Loan and each Swingline Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) iii), subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Choice Hotels International Inc /De), Revolving Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrower Borrowers shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m.(Philadelphia time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan or LIBO Market Index Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan LIBOR Rate Loan, and (iviii) subject to Section 1.05, 12:00 p.m. at least four three (43) London Business Days before each Eurocurrency Alternate Currency Loan, is of its intention to be madeborrow, specifying specifying: (A) the date of such borrowing, which shall be a Business Day, Day (and a London Business Day with respect to an Alternate Currency Loan); (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowerBorrowers, or or, if less, (1w) with respect to ABR Loans and Swingline Base Rate Loans, in an aggregate principal amount of $100,000 or a whole multiple 250,000 and increments of $100,000 250,000 in excess thereof, and (2x) with respect to Eurodollar Loans and Eurocurrency LIBO Market Index Rate Loans, in an aggregate principal amount of $3,000,000 or a whole multiple 500,000 and increments of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) 250,000 in excess thereof, (Ey) with respect to LIBOR Rate Loans in an aggregate principal amount of $1,000,000 and increments of $500,000 in excess thereof and (z) with respect to Eurocurrency Loans, the Dollar Equivalent of $100,000 and increments of $100,000 in excess thereof; (C) whether such Loan is Loans are to be Base Rate Loans, LIBO Market Index Rate Loans, LIBOR Rate Loans or Eurocurrency Loans, if a Revolving Loan or a Swingline Loan combination thereof, the amount allocated to each; and (FD) in the case of a Eurodollar LIBOR Rate Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m.(Philadelphia time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 2 contracts

Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice (which notice shall be irrevocable unless the Borrower specifies in the Notice of Borrowing that such requested borrowing is contingent on the consummation of an anticipated transaction, in which case the Borrower shall, as promptly as practicable, notify the Administrative Agent if such transaction will not occur as scheduled) of its intention to borrow substantially in the form attached hereto as Exhibit A-5 A-1 (a “Notice of Borrowing”) not later than (i) 12:00 2:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) with respect to any Loan other than any Swingline Loan, whether the Loan shall be denominated in dollars Dollars or an a Permitted Alternative Currency, (C) if such Loan is denominated in dollarsDollars, whether such Loan shall be a Eurodollar Floating Rate Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and Loan, (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto, and (G) with respect to any Loan other than any Swingline Loan, whether the proceeds of such Loan are to be disbursed to the Borrower’s Account or the account of the Swingline Lender in connection with the repayment of a Swingline Loan. A Notice of Borrowing received after 12:00 p.m. the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing and shall provide any Notice of Borrowing with respect to a Swingline Loan to the Swingline Lender by 2:00 p.m. on the same Business Day as receipt of such Notice of Borrowing, which notice may be provided via email. For the avoidance of doubt, the Borrower shall promptly reimburse the Lenders for any amounts required to be paid under Section 2.18 as a result of the revocation of any Notice of Borrowing.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The applicable Borrower or Borrowers shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 EXHIBIT B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the such Loan shall be denominated in dollars Dollars or an Alternative Currencyin Sterling, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR LIBOR Rate Loans and Swingline Loans, denominated in Dollars in an aggregate principal amount of $100,000 2,500,000 or a whole multiple of $100,000 1,000,000 in excess thereof, thereof (and (2) with respect to Eurodollar Loans denominated in Sterling, the Dollar Amount in each case thereof), and Eurocurrency Loans, with respect to Base Rate Loans in an aggregate principal amount of $3,000,000 1,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) 500,000 in excess thereof, (ED) if denominated in Dollars, whether such Loan is the Loans are to be a Revolving Loan LIBOR Rate Loans or a Swingline Loan Base Rate Loans and (FE) in the case of a Eurodollar Loan or a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Acc Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar LIBOR Rate Loan denominated in Dollars and (iviii) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LoanLIBOR Rate Loan denominated in an Alternative Currency, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, (C) whether the Loan shall be denominated in dollars Dollars or an Alternative Currency; provided that, (C) if such Loan is all Loans denominated in dollars, whether such Loan an Alternative Currency shall be a Eurodollar Loan or an ABR LoanLIBOR Rate Loans, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as if applicable, then available to the Borrower, or if less, (1x) with respect to ABR Base Rate Loans and Swingline Loans, in an aggregate minimum principal amount of $100,000 500,000 or a whole multiple of $100,000 250,000 in excess thereof, and (2y) with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loansdenominated in Dollars, in an aggregate minimum principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, and (z) with respect to LIBOR Rate Loans denominated in an Alternative Currency, in an aggregate minimum principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and (F) in the case of a Eurodollar Loan or a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Gt Interactive Software Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice (which notice shall be irrevocable unless the Borrower specifies in the Notice of Borrowing that such requested borrowing is contingent on the consummation of an anticipated transaction, in which case the Borrower shall, as promptly as practicable, notify the Administrative Agent if such transaction will not occur as scheduled) of its intention to borrow substantially in the form attached hereto as Exhibit A-5 A-1 (a “Notice of Borrowing”) not later than (i) 12:00 2:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and, (iv) 12:00 p.m. at least (3) RFR Business Days before each RFR Loan denominated in Dollars, and (ivv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LoanLoan or RFR Loan denominated in Sterling, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) with respect to any Loan other than any Swingline Loan, whether the Loan shall be denominated in dollars Dollars or an a Permitted Alternative Currency, (C) if such Loan is denominated in dollarsDollars, whether such Loan shall be a Eurodollar Floating Rate Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and, Eurocurrency Loans and Eurocurrency RFR Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and Loan, (F) in the case of a Eurodollar Loan, an RFR Term Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto, and (G) with respect to any Loan other than any Swingline Loan, whether the proceeds of such Loan are to be disbursed to the Borrower’s Account or the account of the Swingline Lender in connection with the repayment of a Swingline Loan. A Notice of Borrowing received after 12:00 p.m. the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing and shall provide any Notice of Borrowing with respect to a Swingline Loan to the Swingline Lender by 2:00 p.m. on the same Business Day as receipt of such Notice of Borrowing, which notice may be provided via email. For the avoidance of doubt, the Borrower shall promptly reimburse the Lenders for any amounts required to be paid under Section 2.18 as a result of the revocation of any Notice of Borrowing.

Appears in 1 contract

Samples: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 1:00 p.m. (New York time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan and each Swingline Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate minimum principal amount of $1,000,000, (y) with respect to LIBOR Rate Loans in an aggregate minimum principal amount of $1,000,000 or, at the Borrower's option, if such borrowing is to be used to pay a principal installment due under Section 4.3, in an amount equal to the principal amount of the Revolving Commitment or the Alternative Currency Commitmentsuch installment, as applicable, then available to the Borrower, or if less, and (1z) with respect to ABR Swingline Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 1:00 p.m. (New York time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent (with a copy to the Swingline Lender in the case of any request for a Swingline Loan) irrevocable prior written notice of its intention to borrow substantially in the form attached hereto of Exhibit B or such other form as Exhibit A-5 agreed by the Administrative Agent (a “Notice of Borrowing”) not later than 11:00 a.m. (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan and each Swingline Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) U.S. Government Securities Business Days before each Eurodollar Term Benchmark Loan and (iviii) subject to Section 1.05, 12:00 p.m. at least four five (45) U.S. Government Securities Business Days before each Eurocurrency RFR Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessbe, (1x) with respect to ABR Base Rate Loans and (other than Swingline Loans, ) in an aggregate principal amount of $100,000 1,000,000 or a whole multiple of $500,000 in excess thereof, (y) with respect to Term Benchmark Loans or RFR Loans in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, and thereof (2) with respect to Eurodollar Loans and Eurocurrency Loansor, in an aggregate principal each case, the remaining amount of $3,000,000 the Revolving Credit Commitment or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereofSwingline Commitment, as applicable) in excess thereof), (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Loan Revolving Credit Loan, whether the Loans are to be Term Benchmark Loans, RFR Loans or Base Rate Loans, (E) in the case of a Eurocurrency Term Benchmark Loan, the duration of the Interest Period applicable theretothereto and (F) the location and number of the Borrower’s account to which funds are to be disbursed and a breakdown of the separate wires comprising such request. A Notice of Borrowing received after 12:00 p.m. 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders (and the Swingline Lender in the case of any request for a Swingline Loan) of each Notice of BorrowingBorrowing and, in the case of Revolving Credit Loans, each Lender’s ratable portion of such Loan. Notwithstanding the foregoing, in no event shall the Borrower be permitted to request pursuant to this Section 2.3 an RFR Loan bearing interest based on Daily Simple SOFR prior to a Benchmark Transition Event and Benchmark Replacement Date with respect to the Term SOFR Rate.

Appears in 1 contract

Samples: Credit Agreement (Chuy's Holdings, Inc.)

Requests for Borrowing. The Borrower Company or the applicable Borrowing Subsidiary shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m. (Chicago time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar LIBOR Rate Loan in Dollars and (iviii) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LoanLIBOR Rate Loan in any Agreed Currency other than Dollars, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessbe, (1x) with respect to ABR Base Rate Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount Dollar Amount of $3,000,000 or a whole multiple Dollar Amount of $1,000,000 (or the Alternative Currency Amount in excess thereof, as applicableand (y) with respect to LIBOR Rate Loans in an aggregate principal Dollar Amount of $5,000,000 or a whole multiple Dollar Amount of $1,000,000 in excess thereof, (EC) whether such Loan is the Loans are to be a Revolving Loan LIBOR Rate Loans or a Swingline Loan and Base Rate Loans, (FD) in the case of a Eurodollar Loan or a Eurocurrency LIBOR Rate Loan, the duration of the LIBOR Interest Period applicable thereto and (E) the Agreed Currency applicable thereto. A Notice of Borrowing received after 12:00 p.m. 11:00 a.m. (Chicago time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Base Rate Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar LIBOR Rate Loan denominated in Dollars and (iviii) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LoanLIBOR Rate Loan denominated in an Alternative Currency, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars Dollars or an Alternative Currency, (C) if such Loan is denominated in dollarsDollars, whether such Loan shall the Loans are to be a Eurodollar Loan LIBOR Rate Loans or an ABR LoanBase Rate Loans, (D) the amount of such borrowing, which shall be in not exceed an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessand shall be, (1x) with respect to ABR Base Rate Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (Ey) whether such Loan is with respect to be a Revolving Loan LIBOR Rate Loans denominated in Dollars, in an aggregate principal amount of $5,000,000 or a Swingline Loan whole multiple of $1,000,000 in excess thereof and (Fz) with respect to LIBOR Rate Loans denominated in an Alternative Currency, in an aggregate principal amount of $2,000,000 or a whole multiple of $500,000 in excess thereof, and (E) in the case of a Eurodollar Loan or a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. Noon (Charlotte time) (or 11:00 a.m. (the time of the Administrative Agent's Correspondent) with respect to Alternative Currency Loans) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc /De/)

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Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan and Swingline Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1x) with respect to ABR Base Rate Loans and (other than the Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (Ey) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (z) with respect to the Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Any Notice of Borrowing received after 12:00 p.m. 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as of Exhibit A-5 B (a “Notice of Borrowing”) not later than 11:00 a.m. (i) 12:00 p.m. on the same Business Day as each ABR Loanrequested date of any Borrowing of Base Rate Loans or Swingline Loans and, (ii) 2:00 p.m. on the same at least five (5) U.S. Government Securities Business Day as Days before each Swingline Loan, Borrowing of Daily Simple SOFR Loans and (iii) 12:00 p.m. at least three (3) U.S. Government Securities Business Days before each Eurodollar Loan and (iv) subject the requested date of any Borrowing of LIBOR RateTerm SOFR Loans, of its intention to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be madeborrow, specifying (A) the date of such borrowingBorrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowingBorrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if lessbe, (1x) with respect to ABR a Borrowing of Base Rate Loans and Swingline Loans, in an aggregate principal amount of $100,000 500,000 or a whole multiple of $100,000 in excess thereof, and (2y) with respect to Eurodollar a Borrowing of LIBOR RateSOFR Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 1,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof and (z) with respect to a Borrowing of Swingline Loans in an aggregate principal amount of $25,000 or the Alternative Currency Amount thereof, as applicable) a whole multiple of $10,000 in excess thereof, (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan Loan, (D) the Type of Loans to be borrowed (provided that all Swingline Loans shall be Base Rate Loans), and (FE) in the case of a Eurodollar Loan or a Eurocurrency LoanBorrowing of LIBOR RateTerm SOFR Loans, the duration of the Interest Period applicable thereto. If the Borrower requests a Borrowing of a Term SOFR Loan 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. A Notice of Borrowing received after 12:00 p.m. 11:00 a.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.Day or U.S.

Appears in 1 contract

Samples: Credit Agreement (MGP Ingredients Inc)

Requests for Borrowing. The Borrower AHL, on behalf of the Borrowers, shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as date of borrowing with respect to each ABR Loan, Revolving Loan constituting a Base Rate Loan that is not a Foreign Currency Loan (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan Dollar LIBOR Rate Loan, and (iviii) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is Foreign Currency Loan of its intention to be madeborrow, specifying (A) the Borrower to whom loan proceeds are to be advanced, (B) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitmentshall, as applicable, then available to the Borrower, or if less, (1) with respect to ABR (I) Foreign Currency Loans and (other than European Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, ) and (2) with respect to Eurodollar Loans and Eurocurrency LIBOR Rate Loans, be in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) 100,000 in excess thereof, (EII) Base Rate Loans (other than Swingline Loans and European Swingline Loans made as Base Rate Loans), be in an aggregate principal amount of $2,000,000 and/or a whole multiple of $100,000 in excess thereof, and (III) European Swingline Loans, be in an aggregate principal amount of $500,000 and or a whole multiple of $50,000 in excess thereof, (D) if not a Foreign Currency Loan, whether such Loan is the Loans are to be a Revolving Loan LIBOR Rate Loans or a Swingline Loan Base Rate Loans, and (FE) in the case of a Eurodollar Loan or a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Ahl Services Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 B (a "Notice of Revolving Credit Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, Base Rate Loan and (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1x) with respect to ABR Base Rate Loans and Swingline Loans, in an aggregate principal amount of $100,000 1,000,000 or a whole multiple of $100,000 250,000 in excess thereof, thereof and (2y) with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (EC) whether such Loan is to be a Revolving Loan or a Swingline Loan and Credit Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 A-1 (a “Notice of Borrowing”) not later than (i) 12:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan, a Term Loan or a Swingline Loan and (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 12:00 p.m. the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 A-1 (a “Notice of Borrowing”) not later than (i) 12:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 1:00 p.m. on the same Business Day as each Swingline Loan, (iii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency Loan, is to be made, specifying (A) the date of such borrowing, which shall be a Business Day, (B) with respect to any Loan other than any Swingline Loan, whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Floating Rate Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Commitment or the Alternative Currency Commitment, as applicable, then available to the Borrower, or if less, (1) with respect to ABR Loans and Swingline Loans, in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof, and (2) with respect to Eurodollar Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 (or the Alternative Currency Amount thereof, as applicable) in excess thereof, (E) whether such Loan is to be a Revolving Loan or a Swingline Loan and Loan, (F) in the case of a Eurodollar Loan or a Eurocurrency Loan, the duration of the Interest Period applicable thereto, and (G) with respect to any Loan other than any Swingline Loan, whether the proceeds of such Loan are to be disbursed to the Borrower’s Account or the account of the Swingline Lender in connection with the repayment of a Swingline Loan. A Notice of Borrowing received after 12:00 p.m. the applicable deadline set forth above shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing and shall provide any Notice of Borrowing with respect to a Swingline Loan to the Swingline Lender by 2:00 p.m. on the same Business Day as receipt of such Notice of Borrowing, which notice may be provided via email.

Appears in 1 contract

Samples: Credit Agreement (Choice Hotels International Inc /De)

Requests for Borrowing. The Borrower Company, on behalf of the Borrowers, shall give the Administrative Agent irrevocable prior written notice of its intention to borrow substantially in the form attached hereto as Exhibit A-5 C-1 (a "Notice of Revolving Credit/Swingline Borrowing") not later than 11:00 a.m. (Charlotte time) (i) 12:00 p.m. on the same Business Day as each ABR Loan, (ii) 2:00 p.m. on the same Business Day as each Swingline Loan, Loan or Base Rate Loan and (iiiii) 12:00 p.m. at least three (3) Business Days before each Eurodollar Loan and (iv) subject to Section 1.05, 12:00 p.m. at least four (4) Business Days before each Eurocurrency LIBOR Rate Loan, is of its intention to be madeborrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) whether the Loan shall be denominated in dollars or an Alternative Currency, (C) if such Loan is denominated in dollars, whether such Loan shall be a Eurodollar Loan or an ABR Loan, (D) the amount of such borrowing, which shall be in an amount equal to the amount of the Revolving Aggregate Commitment or the Alternative Currency Commitment, as applicable, then available to the BorrowerBorrowers, or if less, (1x) with respect to ABR Base Rate Loans and Swingline Loans, in an aggregate principal amount of $100,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, and (2y) with respect to Eurodollar LIBOR Rate Loans and Eurocurrency Loans, in an aggregate principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 or the Alternative Currency Amount thereof, as applicable) a whole multiple thereof in excess thereof, (EC) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan and Loan, (FD) in the case of a Eurodollar Revolving Credit Loan whether the Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a Eurocurrency LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing Notices received after 12:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing.11:00

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

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