FORM OF NOTICE OF BORROWING. Each Borrowing shall be made on notice given by the Borrower to the Lender not later than 1:00 P.M. (New York City time) four (4) Business Days prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit B (Form of Notice of Borrowing) (a "Notice of Borrowing"), specifying therein (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing and (C) the initial Interest Period or Periods. The Loans shall be made as Eurodollar Rate Loans unless the Scheduled Termination Date is within one month of the date of the proposed Borrowing, in which case the Borrower shall request the proposed Borrowing to be of Base Rate Loans. Each Borrowing of Eurodollar Rate Loans shall be in an aggregate amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof. The Borrower may not request more than five (5) Borrowings per month without the consent of the Lender.
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Sources: Subordinated Credit Agreement (National Steel Corp)
FORM OF NOTICE OF BORROWING. Each Borrowing shall be made on notice given by the Borrower to the Lender Administrative Agent not later than 1:00 P.M. 11:00 A.M. (New York City time) four (4i) one (1) Business Days Day, in the case of a Borrowing of Base Rate Loans and (ii) three (3) Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice (a "Notice of Borrowing") shall be in substantially the form of Exhibit B (Form of Notice of Borrowing) (a "Notice of Borrowing")B, specifying therein (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing, (C) whether any of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans and (CD) the initial Interest Period or PeriodsPeriods for any such Eurodollar Rate Loans. The Revolving Loans shall be made as Eurodollar Base Rate Loans unless (subject to Section 2.15 (Special Provisions Governing Eurodollar Rate Loans)) the Scheduled Termination Date is within one month Notice of the date of the proposed Borrowing, in which case the Borrower Borrowing specifies that all or a pro rata portion thereof shall request the proposed Borrowing to be of Base Eurodollar Rate Loans. Each Borrowing of Eurodollar Rate Loans shall be in an aggregate amount of two a Eurodollar Borrowing Units Unit or an integral multiple of Eurodollar Borrowing Units five million Dollars ($5,000,000) in excess thereof; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount of two a Eurodollar Borrowing Units Unit or an integral multiple of Eurodollar Borrowing Units five million Dollars ($5,000,000) in excess thereof. The Borrower may not request more than five (5) Borrowings per month without the consent of the LenderAdministrative Agent.
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FORM OF NOTICE OF BORROWING. Each Borrowing shall be made on notice given by the Borrower to the Lender Administrative Agent not later than 1:00 P.M. (New York City time) four (4i) one (1) Business Days Day, in the case of a Borrowing of Base Rate Loans and (ii) three (3) Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit B (Form of Notice of Borrowing) (a "Notice of Borrowing"), specifying therein (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing and Borrowing, (C) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (D) the initial Interest Period or PeriodsPeriods for any such Eurodollar Rate Loans and (E) the Available Credit (after giving effect to the proposed Borrowing). The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans unless Loans), the Scheduled Termination Date is within one month Notice of the date of the proposed Borrowing, in which case the Borrower Borrowing specifies that all or a portion thereof shall request the proposed Borrowing to be of Base Eurodollar Rate Loans. Each Borrowing of Eurodollar Rate Loans shall be in an aggregate amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof. The Borrower may not request more than five (5) Borrowings per month without the consent of the Lender.
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FORM OF NOTICE OF BORROWING. Each Borrowing shall be made on notice given by the Borrower to the Lender Administrative Agent not later than 1:00 P.M. (New York City time) four (4i) one (1) Business Days Day, in the case of a Borrowing of Base Rate Loans and (ii) three (3) Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall be in substantially the form of Exhibit B (Form of Notice of Borrowing) (a "Notice of Borrowing"), specifying therein (A) the date of such proposed Borrowing, (B) the aggregate amount of such proposed Borrowing and Borrowing, (C) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (D) the initial Interest Period or PeriodsPeriods for any such Eurodollar Rate Loans and (E) the Available Credit (after giving effect to the proposed Borrowing). The Revolving Loans shall be made as Base Rate Loans unless, subject to Section 2.15 (Special Provisions Governing Eurodollar Rate Loans unless Loans), the Scheduled Termination Date is within one month Notice of the date of the proposed Borrowing, in which case the Borrower Borrowing specifies that all or a portion thereof shall request the proposed Borrowing to be of Base Eurodollar Rate Loans. Each Borrowing of Eurodollar Rate Loans shall be in an aggregate amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof; provided, however, that the aggregate amount of the Eurodollar Rate Loans for each Interest Period must be in an amount of two Eurodollar Borrowing Units or an integral multiple of Eurodollar Borrowing Units in excess thereof. The Borrower may not request more than five (5) Borrowings per month without the consent of the Lender.
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