Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 p.m. (New York time) on the requested date of any Alternate Base Rate Advance and at least three (3) RFR Business Days before the requested date of any Term SOFR Advance, specifying: (a) the requested date of such Advance, which shall be a Business Day; (b) the aggregate amount of such Advance; (c) the Type of Advance selected; and (d) in the case of each Term SOFR Advance, the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. (New York time) on the applicable date of such Advance, make available for the account of its applicable Lending Installation to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advance. After the Administrative Agent’s receipt of such funds, the Administrative Agent will make such funds available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII.
Appears in 2 contracts
Sources: Term Loan Credit Agreement (Aon PLC), Term Loan Credit Agreement (Aon PLC)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “"Borrowing Notice”") not later than 12:00 p.m. (New York time) on 11:00 a.m. at least one Business Day before the requested date Borrowing Date of any Alternate Base each Floating Rate Advance and at least three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto. Not later than 1:00 p.m. on each Borrowing Date, which each Lender shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. (New York time) on the applicable date of such Advance, make available for the account of its applicable Lending Installation Loan or Loans in funds immediately available to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article 13. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII's aforesaid address.
Appears in 2 contracts
Sources: Credit Agreement (Idaho Power Co), Credit Agreement (Idaho Power Co)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than 5 Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 p.m. 10:00 a.m. (New York Chicago, Illinois time) on at least one Business Day before the requested date Borrowing Date of any Alternate Base each Floating Rate Advance (other than a Swing Line Loan) and at least three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto. Not later than 12:00 noon (Chicago, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. (New York Illinois time) on the applicable date of such Advanceeach Borrowing Date, each Lender shall make available for its Loan or Loans in federal or other funds immediately available to the account of its applicable Lending Installation to the Administrative Agent at most recently designated by it for such purpose by notice to the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such AdvanceLenders. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will promptly make such the funds so received from the Lenders available to the Borrower requesting by crediting the Advance at amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent’s address referred to in Article XIII.
Appears in 2 contracts
Sources: Credit Agreement (Chemed Corp), Credit Agreement (Chemed Corp)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 p.m. 11:00 a.m. (New York time) on the requested date Borrowing Date of any Alternate Base each Floating Rate Advance and at least three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. Not later than noon (New York time) on the applicable date of such Advanceeach Borrowing Date, each Lender shall make available for the account its Loan or Loans by wire transfer of its applicable Lending Installation immediately available funds to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article XIII. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting by promptly crediting the Advance at amounts so received, in immediately available funds, to an account of the Borrower maintained with the Administrative Agent’s address referred to Agent and designated by the Borrower in Article XIIIthe applicable Borrowing Notice.
Appears in 2 contracts
Sources: Credit Agreement (Wrigley Wm Jr Co), Credit Agreement (Wrigley Wm Jr Co)
Method of Selecting Types and Interest Periods for New Advances. The Company or the relevant Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time. The Company or the relevant Borrower shall give the Administrative Agent irrevocable notice (a “"Borrowing Notice”") not later than 12:00 p.m. 10:00 a.m. (New York Chicago time) on the requested date Borrowing Date of any Alternate Base each Floating Rate Advance and at least not later than 11:00 a.m. (Chicago time) three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrower,
(ii) the Borrowing Date, which shall be a Business Day;, of such Advance,
(biii) the aggregate amount of such Advance;,
(civ) the Type of Advance selected; , and
(dv) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. Not later than noon (New York Chicago time) on the applicable date of such Advanceeach Borrowing Date, each Lender shall make available for the account of its applicable Lending Installation Loan or Loans in funds immediately available to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article XIII. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII's aforesaid address.
Appears in 1 contract
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than 5 Interest Periods in effect with respect to all of the Loans at any time, unless such limit has been waived by the Administrative Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 p.m. 10:00 a.m. (New York Chicago, Illinois time) on at least one Business Day before the requested date Borrowing Date of any Alternate Base each Floating Rate Advance (other than a Swing Line Loan) and at least three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto. Not later than 12:00 noon (Chicago, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. (New York Illinois time) on the applicable date of such Advanceeach Borrowing Date, each Lender shall make available for its Loan or Loans in Federal or other funds immediately available to the account of its applicable Lending Installation to the Administrative Agent at most recently designated by it for such purpose by notice to the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such AdvanceLenders. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will promptly make such the funds so received from the Lenders available to the Borrower requesting by crediting the Advance at amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent’s address referred to in Article XIII.
Appears in 1 contract
Sources: Credit Agreement (Chemed Corp)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurocurrency Advance, the Interest Period applicable thereto from time to time. The Subject to Section 2.1.2(b), the Borrower shall give the Administrative Agent irrevocable notice in the form of Exhibit D (a “Borrowing Notice”) not later than 12:00 p.m. 10:00 a.m. (New York timeEastern Standard Time) on the requested date Borrowing Date of any Alternate each Base Rate Advance and at least Advance, three (3) RFR Business Days before the requested date of any Term SOFR AdvanceBorrowing Date for each Eurocurrency Advance in Dollars, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; ,
(iv) whether such Advance shall be made pursuant to the Unsecured Borrowing Option or the Secured Borrowing Option, and
(dv) in the case of each Term SOFR Advance, Eurocurrency Advance and the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. Not later than noon (New York timeEastern Standard Time) on the applicable date of such Advanceeach Borrowing Date, each Lender shall make available for the account of its applicable Lending Installation Loan or Loans in funds immediately available to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article XIII. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIIIaforesaid address.
Appears in 1 contract
Sources: Credit Agreement (Proassurance Corp)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “"Borrowing Notice”") not later than 12:00 11:00 a.m. (New York time) on the Borrowing Date of each Floating Rate Advance, and at least three Business Days before the Borrowing Date for each Eurodollar Advance, specifying:
(i) the Borrowing Date, which shall be a Business Day, of such Advance,
(ii) the aggregate amount of such Advance,
(iii) the Type of Advance selected, and
(iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than 1:00 p.m. (New York time) on the requested date of any Alternate Base Rate Advance and at least three (3) RFR Business Days before the requested date of any Term SOFR Advanceeach Borrowing Date, specifying:
(a) the requested date of such Advanceeach Lender shall make available its Loan or Loans, which shall be a Business Day;
(b) the aggregate amount of such Advance;
(c) the Type of Advance selected; and
(d) in the case of each Term SOFR Advance, the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 p.m. (funds immediately available in New York time) on the applicable date of such Advance, make available for the account of its applicable Lending Installation to the Administrative Agent at its address specified pursuant to Article XIII. Upon satisfaction or waiver in accordance with the terms of this Agreement of the applicable Administrative Agent’s Account, conditions precedent set forth in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advance. After the Administrative Agent’s receipt of such fundsArticle IV, the Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII's aforesaid address.
Appears in 1 contract
Sources: Credit Agreement (Fedex Corp)
Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “"Borrowing Notice”") not later than 12:00 p.m. (New York time) 11:00 a.m. on the requested date Borrowing Date of any Alternate Base each Floating Rate Advance and at least three (3) RFR Business Days before the requested date Borrowing Date of any Term SOFR each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR a Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. Each Lender shall, before 2:00 Borrowing Notice shall be in writing (or by telephone promptly confirmed in writing) substantially in the form of Exhibit A. Not later than 1:00 p.m. (New York time) on the applicable date Borrowing Date for an Advance, each Lender shall make available its Pro Rata Share of such Advance, make Advance in funds immediately available for the account of its applicable Lending Installation in Chicago to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article XIII. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII's aforesaid address.
Appears in 1 contract
Method of Selecting Types and Interest Periods for New Advances. The Other than with respect to Swing Line Loans (which shall be governed by Section 2.2), the Borrower shall select the Type of Advance and, in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto from time to time. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 p.m. noon (New York Charlotte time) on the requested date Borrowing Date of any Alternate Base each Floating Rate Advance and at least three (3) RFR Business Days before the requested date of any Term SOFR Borrowing Date for each Eurodollar Advance, specifying:
(ai) the requested date of such AdvanceBorrowing Date, which shall be a Business Day;, of such Advance,
(bii) the aggregate amount of such Advance;,
(ciii) the Type of Advance selected; , and
(div) in the case of each Term SOFR Eurodollar Advance, the Interest Period applicable thereto. Promptly after receipt of any Borrowing Notice, which the Administrative Agent shall end on or prior to provide the latest Facility Termination DateLenders with notice thereof. Each Lender shall, before 2:00 Not later than 1:00 p.m. (New York Charlotte time) on the each Borrowing Date, each applicable date of such Advance, Lender shall make available for the account of its applicable Lending Installation Loan or Loans in funds immediately available in Charlotte to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such ▇▇▇▇▇▇’s ratable portion of such Advanceits address specified pursuant to Article XIII. After the Administrative Agent’s receipt of such funds, the The Administrative Agent will make such the funds so received from the Lenders available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIIIaforesaid address.
Appears in 1 contract
Sources: Credit Agreement (Blueknight Energy Partners, L.P.)