Common use of Method of Selecting Types and Interest Periods for New Advances Clause in Contracts

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon (Chicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) 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 2:00 p.m. (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s aforesaid address in an account maintained and designated by the Borrower.

Appears in 4 contracts

Sources: Five Year Revolving Credit Agreement (United Stationers Inc), Five Year Revolving Credit Agreement (United Stationers Inc), Five Year Revolving Credit Agreement (United Stationers Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided PROVIDED, HOWEVER, that there in the event Loans are incurred on the date of this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionAlternate Base Rate Advances. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”"BORROWING NOTICE") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Alternate Base Rate Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, ; and (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article ARTICLE XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 4 contracts

Sources: Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon Corp), 364 Day Credit Agreement (Aon 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 Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided provided, however, that there in the event Loans are incurred on the date of -------- ------- this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionABR Advances. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not ---------------- later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, and; (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date; and (e) any changes to money transfer instructions previously delivered to the Agent. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make ------------ the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address or at such account at such other institution in an account maintained and designated by the BorrowerUnited States of America as the Borrower may indicate in the Borrowing Notice.

Appears in 3 contracts

Sources: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided PROVIDED, HOWEVER, that there in the event Loans are incurred on the date of this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionABR Advances. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”"BORROWING NOTICE") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, and; (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Maturity Date; and (e) any changes to money transfer instructions previously delivered to the Agent. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article ARTICLE XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address or at such account at such other institution in an account maintained and designated by the BorrowerUnited States of America as the Borrower may indicate in the Borrowing Notice.

Appears in 2 contracts

Sources: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (White Mountains Insurance Group LTD)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided provided, however, that there in the event Loans are incurred on the date of this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionABR Advances. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, and; (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date; and (e) any changes to money transfer instructions previously delivered to the Agent. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address or at such account at such other institution in an account maintained and designated by the BorrowerUnited States of America as the Borrower may indicate in the Borrowing Notice.

Appears in 2 contracts

Sources: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto to each Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) (i) not later than 12:00 noon (10:00 a.m. Chicago time, at least one (1) on Business Day before the Borrowing Date of each Floating Rate Advance ABR Advance, (other ii) not later than a Swing Line Loan) and 10:00 a.m. Chicago time, at least three (3) Business Days before the Borrowing Date for each Eurodollar LIBOR Advance, and (iii) not later than 11:00 a.m. Chicago time on the Borrowing Date for each Swing Line Loan, specifying: (ia) the Borrowing Date, which shall be a Business Day, of such Advance, (iib) the aggregate amount of such Advance, (iiic) the Type of Advance selectedselected (which must be a ABR Advance in the case of the Swing Line Loans), and (ivd) in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIIIXIV. The Lenders shall not be obligated to match fund their LIBOR Advances. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower at the Administrative Agent’s aforesaid address address. No Interest Period may end after the Facility Termination Date and, unless all of the Lenders otherwise agree in an account maintained and designated by the Borrower.writing, in no event may there be more than seven (7) different

Appears in 2 contracts

Sources: Revolving Credit Agreement (Duke Realty Limited Partnership/), Revolving Credit Agreement (Duke Realty 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 Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided provided, however, that there in the event Loans are incurred on the date of -------- ------- this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionABR Advances. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not ---------------- later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of ; (b) the Relevant Borrower which is to receive such Advance,; (iic) the aggregate amount of such Advance,; (iiid) the Type of Advance selected, and; (ive) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Maturity Date; and (f) any changes to money transfer instructions previously delivered to the Agent. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make ------------ the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address or at such account at such other institution in an account maintained and designated by the BorrowerUnited States of America as the Borrower may indicate in the Borrowing Notice.

Appears in 2 contracts

Sources: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon 10:30 a.m. (Chicago New York City time) on the Borrowing Date of each Floating Base Rate Advance and not later than 11:00 a.m. (other than a Swing Line LoanNew York City time) and at least three (3) Eurodollar Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (i) the Borrowing Date, which shall be a Eurodollar 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 2:00 p.m. 12:00 noon (Chicago New York City time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago New York to the Administrative Agent at its address specified pursuant to Article ARTICLE XIII. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower at the Administrative Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 2 contracts

Sources: Credit Agreement (Houghton Mifflin Co), Credit Agreement (Houghton Mifflin 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 Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided PROVIDED, HOWEVER, that there in the event Loans are incurred on the date of this Agreement, all Loans incurred on such date shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionABR Advances. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”"BORROWING NOTICE") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate ABR Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, and; (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date; and (e) any changes to money transfer instructions previously delivered to the Agent. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago Chicago, to the Agent at its address specified pursuant to Article ARTICLE XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address or at such account at such other institution in an account maintained and designated by the BorrowerUnited States of America as the Borrower may indicate in the Borrowing Notice.

Appears in 2 contracts

Sources: Credit Agreement (Fund American Enterprises Holdings Inc), Credit Agreement (Fund American Enterprises Holdings Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided PROVIDED that there shall be no more than twelve eight (12) 8) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon (Chicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) 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 2:00 p.m. (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borrower.

Appears in 1 contract

Sources: Revolving Credit Agreement (United Stationers Supply 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 Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon (Chicago Detroit time) on at least one Business Day before the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) 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 2:00 p.m. 1:00 pm (Chicago Detroit time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago Detroit to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Credit Agreement (Pioneer Standard Electronics Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance, the Commitments under which such Advance is to be made and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Eurodollar Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon 10:00 a.m. (Chicago time) on at least one Business Day before the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) Advance, and three (3) 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) whether such Advance constitutes a Facility A Advance or a Facility B Advance, as selected by the Borrower, (iv) the Type of Advance selected, and (ivv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Credit Agreement (Pronet Inc /De/)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”"BORROWING NOTICE") not later than 12:00 noon 11:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) Business Days before the Borrowing Date for each Eurodollar LIBOR Advance, specifying: (ia) the Borrowing Date, which shall be a Business Day, of such Advance, (iib) the aggregate amount of such Advance, (iiic) the Type of Advance selected, and (ivd) in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article ARTICLE XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress. No more than five (5) LIBOR Loans may be outstanding at any one time.

Appears in 1 contract

Sources: Credit Agreement (American Medical Security Group Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve eight (12) 8) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon (Chicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) 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 2:00 p.m. (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s aforesaid address in an account maintained and designated by the Borrower.

Appears in 1 contract

Sources: Five Year Revolving Credit Agreement (United Stationers Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) Advance, and at least three (3) 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 AdvanceAdvance and whether such Advance shall consist of Tranche A Loans or Tranche B Loans, (iii) the Type of Advance selected, and (iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Upon satisfaction or waiver in accordance with the terms of this Agreement of the applicable conditions precedent set forth in Article IV, the Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Credit Agreement (FDX 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 Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon 10:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and not later than 10:00 a.m. (other than a Swing Line LoanChicago time) and three (3) on the third Business Days before Day preceding 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 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower no later than 2:00 p.m. (Chicago time) at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Credit Agreement (Industrial Distribution Group Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto to each Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) (i) not later than 12:00 noon (10:00 a.m. Chicago time, at least one (1) on Business Day before the Borrowing Date of each Floating Rate Advance ABR Advance, (other ii) not later than a Swing Line Loan) and 10:00 a.m. Chicago time, at least three (3) Business Days before the Borrowing Date for each Eurodollar LIBOR Advance, and (iii) not later than 11:00 a.m. Chicago time on the Borrowing Date for each Swing Line Loan, specifying: (ia) the Borrowing Date, which shall be a Business Day, of such Advance, (iib) the aggregate amount of such Advance, (iiic) the Class of such Advance, (d) the Type of Advance selectedselected (which must be a ABR Advance in the case of the Swing Line Loans), and (ive) in the case of each Eurodollar LIBOR Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each applicable Lender shall make available its Revolving Loan or Revolving Loans Loans, in Federal or other funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIIIXIV. The applicable Lenders shall not be obligated to match fund their LIBOR Advances. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower Borrower. No Interest Period may end after the applicable Termination Date and, unless all of the applicable Lenders otherwise agree in writing, in no event may there be more than seven (7) different Interest Periods for LIBOR Advances (other than Competitive Bid Loans) outstanding at the Agent’s aforesaid address in an account maintained and designated by the Borrowerany one time for any Class of Advance.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Duke Realty Limited Partnership/)

Method of Selecting Types and Interest Periods for New Advances. The Borrower Borrowers shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower Borrowers shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon (Chicago i) 10:00 a.m. (Dallas time) on the Borrowing Date of each Floating Alternate Base Rate Advance or Fed Funds Advance, (other than a Swing Line ii) 3:00 p.m. (Dallas time) on the proposed Borrowing Date for each Swingline Loan, and (iii) and 2:00 p.m. (Dallas time) at least three (3) 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, , which shall not be less than (1) $2,000,000 for any Eurodollar Advance,(2) $600,000 for any Alternate Base Rate Advance or Fed Funds Advance, or (3) $100,000 for any Swingline Loan, (iii) except in the case of a Swingline Loan, the Type of Advance selected, and and (iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. , and Not later than 2:00 p.m. noon (Chicago Dallas time) on each Borrowing Date, with respect to all Advances other than Swingline Loans, each Lender shall make available its Revolving Loan or Revolving Loans comprising such Advance, in Federal or other funds immediately available in Chicago Dallas to the Agent at its address specified pursuant to Article XIII; provided that Swingline Loans may be made available up to the close of business. The Agent will promptly make the funds so received from the Lenders available to the Borrower Borrowers at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hovnanian Enterprises Inc)

Method of Selecting Types and Interest Periods for New Advances. The --------------------------------------------------------------- Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided provided, -------- however, that there notwithstanding anything in this Agreement to the contrary, for so ------- long as First Chicago shall be no more than twelve (12) the sole Lender, First Chicago and the Borrower may agree to Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretiondurations of less than one month. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon ---------------- 10:00 a.m. (Chicago time) on at least one (1) Business Day before the Borrowing Date of each Floating Alternate Base Rate Advance (other than a Swing Line Loan) and at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: (ia) the Borrowing DateDate of such Advance, which shall be a Business Day, of such Advance,; (iib) the aggregate amount of such Advance,; (iiic) the Type of Advance selected, ; and (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto, which shall end on or prior to the Facility Termination Date. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Agent at its address specified pursuant to Article XIII. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Revolving Credit Agreement (Depuy Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto to each Advance from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Agent irrevocable notice (a "Borrowing Notice") not later than 12:00 noon (Chicago i) 10:00 a.m. (Dallas time) on the Borrowing Date of each Floating Alternate Base Rate Advance or Fed Funds Advance, (other than a Swing Line ii)3:00 p.m. (Dallas time) on the proposed Borrowing Date for each Swingline Loan, and (iii) and 2:00 p.m. (Dallas time) at least three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifying: : (ia) the Borrowing Date, which shall be a Business Day, of such Advance, , (iib) the aggregate amount of such Advance, , which shall not be less than (iii1)$2,000,000 for any Eurodollar Advance,(2) $600,000 for any Alternate Base Rate Advance or Fed Funds Advance, or (3) $100,000 for any Swingline Loan, (c) except in the case of a Swingline Loan, the Type of Advance selected, and and (ivd) in the case of each Eurodollar Advance, the Interest Period applicable thereto. , and Not later than 2:00 p.m. noon (Chicago Dallas time) on each Borrowing Date, with respect to all Advances other than Swingline Loans, each Lender shall make available its Revolving Loan or Revolving Loans comprising such Advance, in Federal or other funds immediately available in Chicago Dallas to the Agent at its address specified pursuant to Article XIII; provided that Swingline Loans may be made available up to the close of business. The Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s 's aforesaid address in an account maintained and designated by the Borroweraddress.

Appears in 1 contract

Sources: Revolving Credit Agreement (Hovnanian Enterprises Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00 noon 1:00 p.m. (Chicago time) on at least one Business Day before the Borrowing Date of each Floating Rate Advance (other than a Swing Line Loan) and three (3) Business Days before the Borrowing Date for each Eurodollar Advance, specifyingprovided that any such notice of a Floating Rate Advance to refinance reimbursement of an LC Disbursement pursuant to Section 2.22.6 may be given not later than 11:00 a.m. (New York time) on the date of the proposed Advance. Each such notice shall specify: (i) the Borrowing Date, which shall be a Business Day, of such Advance, (ii) (iii) (iv) the aggregate amount of such Advance, (iii) , the Type of Advance selected, and (iv) and in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower at the Agent’s aforesaid address in an account maintained and designated in writing by the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Moneygram International Inc)

Method of Selecting Types and Interest Periods for New Advances. The Borrower shall select the Type of Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretion. The Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”"BORROWING NOTICE") not later than 12:00 noon 11:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and not later than 11:00 a.m. (other than a Swing Line LoanChicago time) and three (3) 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, selected and (iv) in the case of each Eurodollar Advance, the Interest Period applicable thereto. Not later than 2:00 1:00 p.m. (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIIISECTION 13. The Agent will promptly make To the extent funds so are received from the Lenders Lenders, the Administrative Agent will make such funds available to the Borrower at the Administrative Agent’s 's aforesaid address in an account maintained and designated address. No Lender's obligation to make any Loan shall be affected by the Borrowerany other Lender's failure to make any Loan.

Appears in 1 contract

Sources: Credit Agreement (Ch Energy Group Inc)

Method of Selecting Types and Interest Periods for New Advances. (a) The Borrower shall select the Type of Advance and, in the case of each Eurodollar EurodollarTerm Benchmark Advance, the Interest Period applicable thereto from time to time; provided that there shall be no more than twelve (12) Interest Periods in effect with respect to all RFR Loans are only available under this Agreement as the result of the Revolving Loans at any time, unless such limit has been waived by the Agent in its sole discretionapplication of Section 3.1. The Borrower shall give the Administrative Agent irrevocable notice by an Authorized Officer (a "“Borrowing Notice"”) not later than 12:00 noon 11:00 a.m. (Chicago time) on the Borrowing Date of each Floating Rate Advance and not later than 11:00 a.m. (other than a Swing Line LoanChicago time) and three (3) on the third U.S. Government Securities Business Days before preceding the Borrowing Date for each Eurodollar EurodollarTerm Benchmark Advance, specifying: : (i) the Borrowing Date, which shall be a U.S. Government Securities Business Day, of such Advance, , (ii) the aggregate amount of such Advance, , (iii) the Type of Advance selected, and and (iv) in the case of each Eurodollar EurodollarTerm Benchmark Advance, the Interest Period applicable thereto. Not later than 2:00 p.m. noon (Chicago time) on each Borrowing Date, each Lender shall make available its Revolving Loan or Revolving Loans in Federal or other funds immediately available in Chicago to the Administrative Agent at its address specified pursuant to Article XIII. The Administrative Agent will promptly make the funds so received from the Lenders available to the Borrower at the Administrative Agent'’s aforesaid address in an account maintained and designated by the Borrower.address. 30

Appears in 1 contract

Sources: Credit Agreement (Lancaster Colony Corp)