Initial and Subsequent Borrowings Sample Clauses

Initial and Subsequent Borrowings. The Borrower Representative shall give the Administrative Agent in the case of any Eurodollar Borrowings irrevocable notice by telephone not later than 12:00 noon (Atlanta, Georgia, time) three (3) Business Days prior to the date of such Eurodollar Borrowing and shall immediately confirm any such telephone notice with a written Notice of Borrowing; provided, however, that the failure by the Borrower Representative to confirm any notice by telephone with a written Notice of Borrowing shall not invalidate any notice so given.
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Initial and Subsequent Borrowings. The Borrower shall give the Administrative Agent in the case of any Base Rate Borrowing irrevocable notice by telephone not later than 11:00 a.m. (Atlanta, Georgia, time) on the date of such Borrowing and shall promptly confirm any such telephone notice with a written Notice of Borrowing; provided, however, that the failure by the Borrower to confirm any notice by telephone with a written Notice of Borrowing shall not invalidate any notice so given. Except for deemed Borrowings made under Section 2.2(f), each Borrowing that is a Base Rate Borrowing shall be in a principal amount of no less than $500,000 and in an integral multiple of $100,000 in excess thereof (or, if less, then such Borrowing shall equal the entire unused balance of the Aggregate Revolving Commitment Amount).
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Initial and Subsequent Borrowings. The Borrower Representative shall give the Administrative Agent in the case of any Base Rate Borrowing irrevocable notice by telephone not later than 12:00 noon (Atlanta, Georgia, time) one Business Day prior to the date of such Borrowing (other than with respect to any Base Rate Borrowing made on the Closing Date, which such irrevocable notice may be given not later than 12:00 noon (Atlanta, Georgia, time) on the Closing Date) and shall immediately confirm any such telephone notice with a written Notice of Borrowing; provided, however, that the failure by the Borrower Representative to confirm any notice by telephone with a written Notice of Borrowing shall not invalidate any notice so given. Except for deemed Borrowings made under Section 2.2(f), each Borrowing that is a Base Rate Borrowing shall be in a principal amount of no less than $250,000 and in an integral multiple of $50,000 in excess thereof.
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Related to Initial and Subsequent Borrowings

  • All Borrowings The obligation of any Bank to make a Loan to a Borrower on the occasion of any Borrowing is subject to the satisfaction of the following conditions by such Borrower: (a) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.2, which is completed in a manner satisfactory to the Administrative Agent in all respects; (b) immediately after such Borrowing, the aggregate outstanding principal amount of the Loans to the borrowing Borrower will not exceed its Maximum Amount; (c) immediately after such Borrowing, the aggregate principal amount of the Loans to all Borrowers will not exceed the aggregate Commitment Amounts; (d) immediately before and after such Borrowing, no Default or Event of Default shall have occurred and be continuing with respect to the borrowing Borrower; (e) each of the representations and warranties of the borrowing Borrower contained in this Agreement shall be true on and as of the date of such Borrowing (unless any such representation and warranty shall relate solely to an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date); (f) receipt by the Administrative Agent with respect to the borrowing Borrower (other than a Borrower listed on Schedule 4.9 (as supplemented from time to time)) of a duly executed FRB Form FR U-1 for each Bank as required pursuant to FRB Regulation U (12 C.F.R. § 221.1 et seq.), which the Administrative Agent will promptly deliver to each Bank, in form and substance satisfactory to the Administrative Agent and its counsel, together with all information requested by the Administrative Agent in connection therewith, including updates of information, if any, required by such Regulation U, provided the Administrative Agent will request of said borrowing Borrower such documentation with respect to Form FR U-1 as any Bank may reasonably request and will deliver the same to said requesting Bank upon receipt; and (g) receipt by the Administrative Agent of payment instructions from the Borrower, as required under Section 2.3(b). Each Borrowing hereunder shall be deemed to be a representation and warranty by the borrowing Borrower on the date of such Borrowing as to the facts specified in clauses (b), (c), (d) and (e) of this Section.

  • CONDITIONS TO BORROWINGS The obligations of each Lender to make Advances to Borrower hereunder is subject to the satisfaction of the following conditions:

  • Pro Rata Borrowings 8 1.08 Interest...........................................................................................8 1.09

  • Revolving Borrowings Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.

  • Types of Borrowings The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Company pursuant to Article 2 on a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans).