Loan Requests. A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: (a) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Portion); and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4.
Appears in 3 contracts
Sources: Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co), Loan and Security Agreement (Neenah Foundry Co)
Loan Requests. A request for a Revolving Credit Loan (including without limitation a Swingline Loan) shall be made, or shall be deemed to be made, in the following manner: :
(ai) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Portion), provided, however, that no such request may be made at a time when there exists a Default or an Event of Default; and (bii) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 2 contracts
Sources: Loan and Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Weirton Steel Corp)
Loan Requests. A request for a Revolving Credit ------------- Loan shall be made, or shall be deemed to be made, in the following manner: :
(a) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Revolving Portion), provided, -------- however, that no such request may be made at a time when there ------- exists a Default or an Event of Default; and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (Falcon Products Inc /De/)
Loan Requests. A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: :
(ai) subject to the terms of Section 1.4, a Borrower may shall give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing (which shall not be less than $100,000 in the case of a Revolving Credit Loan Base Rate Portions which are not Swingline Loans (with respect to which there shall be no minimum borrowing amount)) and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (12:00 noon, Chicago, Illinois time) Illinois, time on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, 2.3 hereof in the case of a request for a LIBOR Portion), PROVIDED, however, that no such request may be made at a time when there exists a Default or an Event of Default; and (bii) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (Color Spot Nurseries Inc)
Loan Requests. A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: :
(ai) subject to the terms of Section 1.4, a Borrower Representative may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, borrow no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date date, in which notice Borrower Representative shall specify the amount of the proposed borrowing of a Revolving Credit Loan (which shall be no less than $5,000,000 or an integral multiple of $1,000,000 in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, excess thereof except in the case of Swingline Loans (with respect to which there shall be no minimum borrowing or integral amount)) and the proposed borrowing date, which shall be a Business Day; provided, however, that no such request for may be made at a LIBOR Portion)time when there exists a Default or an Event of Default; and (bii) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (D & K Healthcare Resources Inc)
Loan Requests. A request for a Revolving Credit Loan shall be ------------- made, or shall be deemed to be made, in the following manner: :
(a) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Revolving Portion), provided, however, that no such request may be made -------- ------- at a time when there exists a Default or an Event of Default; and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (Falcon Products Inc /De/)
Loan Requests. A request for a Revolving Credit Loan (including without limitation a Swingline Loan) shall be made, or shall be deemed to be made, in the following manner: :
(ai) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Portion), PROVIDED, however, that no such request may be made at a time when there exists a Default or an Event of Default; and (bii) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Loan Requests. A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: (a) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Revolving Portion); and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4.
Appears in 1 contract
Loan Requests. A request for a Revolving Credit Loan shall be made, or shall be deemed to be made, in the following manner: :
(a) subject to the terms of Section 1.4, a Borrower Representative may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, borrow no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date date, in which notice Borrower Representative shall specify the amount of the proposed borrowing of a Revolving Credit Loan (which shall be no less than $5,000,000 or an integral multiple of $1,000,000 in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, excess thereof except in the case of Swingline Loans (with respect to which there shall be no minimum borrowing or integral amount)) and the proposed borrowing date, which shall be a Business Day; provided, however, that no such request for may be made at a LIBOR Portion)time when there exists a Default or an Event of Default; and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (D & K Healthcare Resources Inc)
Loan Requests. A request for a Revolving Credit ------------- Loan shall be made, or shall be deemed to be made, in the following manner: :
(a) subject to the terms of Section 1.4, a Borrower may give Agent notice of its intention to borrow, in which notice such Borrower shall specify the amount of the proposed borrowing of a Revolving Credit Loan and the proposed borrowing date, which shall be a Business Day, no later than 11:00 a.m. (Chicago, Illinois time) on the proposed borrowing date (or in accordance with subsection 3.1.7, 3.1.8 or 3.1.9, as applicable, in the case of a request for a LIBOR Revolving Portion), provided, however, that no such request may be made at a time when -------- ------- there exists a Default or an Event of Default; and (b) the becoming due and payable of any amount required to be paid under this Agreement, or the Notes, whether as interest or for any other Obligationobligation, shall be deemed irrevocably to be a request by a Borrower for a Revolving Credit Loan on the due date in the amount required to pay such interest or other Obligation in accordance with subsection 3.1.4Obligation.
Appears in 1 contract
Sources: Loan and Security Agreement (Falcon Products Inc /De/)