Common use of Procedure for Term Loan Borrowings Clause in Contracts

Procedure for Term Loan Borrowings. The Borrower shall give the Administrative Agent irrevocable written (or telephonic promptly confirmed in writing) notice (which notice must be received by the Administrative Agent prior to (i) 12:00 Noon, New York City time, three Business Days prior to the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, in the case of Eurodollar Loans, or (ii) 9:00 a.m., New York City time, on the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, in the case of ABR Loans specifying (i) the amount and Type of Term Loans to be borrowed and (ii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. Such notice shall be given by the Borrower in the form of Exhibit J. Not later than 12:00 Noon, New York City time, on the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, each applicable Term Loan Lender shall make available to the Administrative Agent at its office specified in subsection 10.2 an amount in immediately available funds equal to the Term Loans to be made by such Lender on such date. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in like funds as received by the Administrative Agent. The provisions of the paragraph shall be subject to any applicable limitations or requirements in the relevant Incremental Term Loan Activation Notice.

Procedure for Term Loan Borrowings. The Borrower shall give the Administrative Agent irrevocable written (or telephonic promptly confirmed in writing) notice (which notice must be received by the Administrative Agent prior to (i) 12:00 Noon, New York City time, three Business Days prior to the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, in the case of Eurodollar Loans, or (ii) 9:00 a.m., New York City time, on the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, in the case of ABR Loans specifying (i) the amount and Type of Term Loans to be borrowed and (ii) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor. Such notice shall be given by the Borrower in the form of Exhibit J. Not later than 12:00 Noon, New York City time, on the Closing Date or the relevant Incremental Term Loan Closing Date, as the case may be, each applicable Term Loan Lender shall make available to the Administrative Agent at its office specified in subsection 10.2 an amount in immediately available funds equal to the Term Loans to be made by such Lender on such date. The Administrative Agent shall credit the account of the Borrower on the books of such office of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Term Loan Lenders in like funds as received by the Administrative Agent. The provisions of the paragraph shall be subject to any applicable limitations or requirements in the relevant Incremental Term Loan Activation Notice. Notwithstanding the foregoing, the Tranche B Term Loans shall be made in accordance with the Second Amendment.