Common use of Procedure for Revolving Borrowings Clause in Contracts

Procedure for Revolving Borrowings. The Borrower Agent shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each requested Revolving Borrowing, substantially in the form of Exhibit 2.3 attached hereto (a “Notice of Revolving Borrowing”), before 11:00 a.m. one Business Day before the requested date of such Revolving Borrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify (i) the aggregate principal amount of such Revolving Borrowing and (ii) the date of such Revolving Borrowing (which shall be a Business Day). The aggregate principal amount of each Revolving Borrowing shall not be less than $1,000,000 or a larger multiple of $100,000, provided that Loans made pursuant to Sections 2.4, 2.5, 2.6, or 2.24 (d) may be made in lesser amounts as provided therein. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the details thereof and the amount of such Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.

Procedure for Revolving Borrowings. The Borrower Agent shall give the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) of each requested Revolving Borrowing, Borrowing substantially in the form of Exhibit 2.3 attached hereto (a “Notice of Revolving Borrowing”), before ) prior to 11:00 a.m. one Business Day before (Gainesville, FL time) on the requested date of such each Revolving Borrowing. Each Notice of Revolving Borrowing shall be irrevocable and shall specify specify: (i) the aggregate principal amount of such Revolving Borrowing Borrowing, and (ii) the date of such Revolving Borrowing (which shall be a Business Day). The aggregate principal amount of each Revolving Borrowing shall be not be less than $1,000,000 or a larger multiple of $100,000; provided, provided that Loans made pursuant to Sections 2.4, 2.5, 2.6, or 2.24 (d) Section 2.5 may be made in lesser amounts as provided therein. Promptly following the receipt of a Notice of Revolving Borrowing in accordance herewith, the Administrative Agent shall advise each Lender of the details thereof and the amount of such Lender’s Revolving Loan to be made as part of the requested Revolving Borrowing.