Common use of Initial and Subsequent Borrowings Clause in Contracts

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.

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 11:00 a.m. (Atlanta, Georgia, time) three (3) Business Days days prior to the date of such Eurodollar Borrowing and shall immediately promptly 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.