Manner of Borrowing and Funding Revolver Loans Sample Clauses

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

  • Borrowings, Conversions and Continuations of Committed Loans (a) Each Committed Borrowing, each conversion of Committed Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon a Borrower's irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (i) two Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Committed Loans, (ii) three Business Days prior to the requested date of any Borrowing or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate Committed Loans. Each telephonic notice by the Parent pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of the Parent. Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $200,000 in excess thereof. Except as provided in Sections 2.03(c) and 2.04(c), each Committed Borrowing of or conversion to Base Rate Committed Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof; provided, that a Base Rate Committed Loan may be in a principal amount equal to the unused Aggregate Commitment. Each Committed Loan Notice (whether telephonic or written) shall specify (i) whether the Parent or the US Borrower is requesting a Committed Borrowing, a conversion of Committed Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Committed Loans to be borrowed, converted or continued, (iv) the Type of Committed Loans to be borrowed or to which existing Committed Loans are to be converted, (v) if applicable, the duration of the Interest Period with respect thereto, and (vi) the currency of the Committed Loans to be borrowed. If the applicable Borrower fails to specify a currency in a Committed Loan Notice requesting a Borrowing, then the Committed Loans so requested shall be made in Dollars. If the applicable Borrower fails to specify a Type of Committed Loan in a Committed Loan Notice or if the applicable Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Committed Loans shall be made as, or converted to, Base Rate Loans; provided, however, that in the case of a failure to timely request a continuation of Committed Loans denominated in an Alternative Currency, such Loans shall be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the Parent requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month. No Committed Loan may be converted into or continued as a Committed Loan denominated in a different currency, but instead must be prepaid in the original currency of such Committed Loan and reborrowed in the other currency.

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