Common use of Requests for Borrowing Clause in Contracts

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT B (a "NOTICE OF BORROWING") not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 or a whole multiple of $100,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $100,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 or a whole multiple of $50,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 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 by telecopier (or by telephone promptly confirmed by telecopier).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

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Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte 12:00 p.m.(Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 or a whole multiple of $100,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $100,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 or a whole multiple of $50,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 p.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 by telecopier (or by telephone promptly confirmed by telecopier).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT of Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of no less than $2,500,000 3,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of no less than $5,000,000 3,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 500,000 or a whole multiple of $50,000 100,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Swingline Loan, whether the Loans are to be Base Rate Loans or LIBOR Market Index Rate Loans and (EF) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure Corp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) 12:00 p.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan (other than Cash Management Swingline Loans) and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 2,000,000 or a whole multiple of $100,000 500,000 in excess thereof and (z) with respect to Swingline Loans (other than Cash Management Swingline Loans) in an aggregate principal amount of $50,000 100,000 or a whole multiple of $50,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. (Charlotte time) 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 by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Lmi Aerospace Inc)

Requests for Borrowing. The Borrower Borrowers shall give the Administrative ---------------------- Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT Exhibit B --------- (a "NOTICE OF BORROWINGNotice of Borrowing") not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be in an amount equal to the maximum amount of the Revolving Credit Commitment then available to the Borrowers, or if less, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 500,000 or a whole multiple of $100,000 250,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 2,000,000 or a whole multiple of $100,000 500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 100,000 or a whole multiple of $50,000 any amount in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or a Swingline Loan, (D) in the case of a Revolving Credit Loan, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 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 such Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Choice One Communications Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT of Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) 1:00 p.m. (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 1,000,000 or a whole multiple of $100,000 1,000,000 in excess thereofthereof (or if less, the entirety of the unutilized Revolving Credit Commitment), (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 500,000 or a whole multiple of $50,000 100,000 in excess thereofthereof (or if less, the entirety of the unutilized Swingline Commitment), (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. (Charlotte time) 1:00 p.m. shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT Exhibit B (a "NOTICE OF BORROWINGNotice of Borrowing") not later than 11:00 a.m. 12:00 noon (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base LIBOR Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 10,000,000 or a whole multiple of $100,000 5,000,000 in excess thereof, (y) thereof and with respect to LIBOR Base Rate Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 1,000,000 or a whole multiple multiples of $50,000 1,000,000 in excess thereof, (C) whether such Loan is the Loans are to be a Revolving Credit Loan Loans or Swingline LoanLoans, (D) in the case of Revolving Credit Loans, whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the LIBOR Interest Period applicable thereto. A Notice of Borrowing Any notices received after 11:00 a.m. (Charlotte time) for Base Rate Loans or LIBOR Rate Loans shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)with Respect to a Revolving Credit Loan.

Appears in 1 contract

Samples: Credit Agreement (Lci International Inc /Va/)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT of Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) 3 Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of no less than $2,500,000 3,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of no less than $5,000,000 3,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 500,000 or a whole multiple of $50,000 100,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, (E) in the case of a Swingline Loan, whether the Loans are to be Base Rate Loans or LIBOR Market Index Rate Loans and (EF) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure CO LLC)

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Requests for Borrowing. The Borrower shall give the Administrative Agent (and, in the case of Swingline Loans, the applicable Swingline Lender) irrevocable prior written notice substantially in the form attached hereto as EXHIBIT of Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) (i) 3:00 p.m. on the same Business Day as each Swingline Loan, (ii) 12:00 noon on the same Business Day as each Revolving Loan that is a Base Rate Loan and each Swingline Loan and (iiiii) at least three (3) Business Days before each Revolving Loan that is a LIBOR Rate Loan, of its intention to borrowborrow Revolving Loans, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 or a whole multiple of $100,000 in excess thereof, (y) with respect to LIBOR Rate Revolving Loans in an aggregate principal amount of $5,000,000 1,000,000 or a whole multiple of $100,000 500,000 in excess thereof and (zy) with respect to Swingline Loans in an aggregate principal amount of $50,000 500,000 or a whole multiple of $50,000 100,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Loan, whether the Revolving Credit Loans are Loan is to be a LIBOR Rate Loans Loan or Base Rate LoansLoan, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 11:00 a.m. 12:00 noon (Charlotte timeor, in respect of any Swingline Loan, 3:00 p.m.) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Orbital Atk, Inc.)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT B (a "NOTICE OF BORROWING") not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 or a whole multiple of $100,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 2,500,000 or a whole multiple of $100,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 or a whole multiple of $50,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 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 by telecopier (or by telephone promptly confirmed by telecopier).

Appears in 1 contract

Samples: Credit Agreement (DRS Technologies Inc)

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT of Exhibit B (a "NOTICE OF BORROWING"“Notice of Borrowing”) not later than 11:00 a.m. (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 1,000,000 or a whole multiple of $100,000 500,000 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 $100,000 500,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 500,000 or a whole multiple of $50,000 100,000 in excess thereofthereof (or, in each case, the remaining amount of the Revolving Credit Commitment or Swingline Commitment, as applicable), (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Borrowing received after 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 by telecopier (or by telephone promptly confirmed by telecopier)Borrowing.

Appears in 1 contract

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

Requests for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form attached hereto as EXHIBIT B Exhibit B-1 (a "NOTICE OF BORROWINGNotice of Revolving Loan Borrowing") not later than 11:00 a.m. Noon (Charlotte time) (i) on the same Business Day as each Base Rate Loan and each Swingline Loan and (ii) at least three (3) Business Days before each LIBOR Rate Loan, of its intention to borrow, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the amount of such borrowing, which shall be (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate principal amount of $2,500,000 1,000,000 or a whole multiple of $100,000 50,000 in excess thereof, (y) with respect to LIBOR Rate Loans in an aggregate principal amount of $5,000,000 4,000,000 or a whole multiple of $100,000 in excess thereof and (z) with respect to Swingline Loans in an aggregate principal amount of $50,000 or a whole multiple of $50,000 in excess thereof, (C) whether such Loan is to be a Revolving Credit Loan or Swingline Loan, (D) in the case of a Revolving Credit Loan whether the Revolving Credit Loans are to be LIBOR Rate Loans or Base Rate Loans, and (E) in the case of a LIBOR Rate Loan, the duration of the Interest Period applicable thereto. A Notice of Revolving Loan Borrowing received after 11:00 a.m. Noon (Charlotte time) shall be deemed received on the next Business Day. The Administrative Agent shall promptly notify the Lenders of each Notice of Borrowing by telecopier (or by telephone promptly confirmed by telecopier)Revolving Loan Borrowing.

Appears in 1 contract

Samples: Credit Agreement (Veridian Corp)

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