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Borrowing Resolutions
Borrowing Resolutions contract clause examples

Borrowing Notice. The Borrower shall request Loans by delivering to the Lenders with a copy to the Administrative Agent an irrevocable written notice in the form of Exhibit B-11] (or such other form as may be approved by the Administrative Agent at the instructions of the Lenders), appropriately completed and signed by a Responsible Officer of the Borrower (a “Borrowing Notice”) by no later than 12:00 p.m., New York time, at least five (5) Business Days before the requested date of each Borrowing.

If the Borrower desires to request a Borrowing it shall give the Agents a written notice in substantially the form set forth on Exhibit B hereto (each, a “Notice of Borrowing”), which Notice of Borrowing shall promptly be sent by the Administrative Agent to each Revolving Lender not later than 2:00 p.m. (New York City time) at least one Business Day prior to the day of the requested Borrowing.

If the Borrower desires to request a Borrowing it shall give the Agents a written notice in substantially the form set forth on [Exhibit B] hereto (each, a "Notice of Borrowing"), which Notice of Borrowing shall promptly be sent by the Administrative Agent # to each Revolving Lender not later than 2:00 p.m. (New York City time) at least one Business Day prior to the day of the requested Borrowing and # to each Term Lender not later than 2:00 p.m. (New York City time) at least three Business Days prior to the day of the requested Borrowing.

Each Borrowing shall be made upon the Borrower’s irrevocable notice (in the form of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower) to the Administrative Agent, which must be given not later than 11:00 a.m. at least twelve (12) Business Days in advance of the requested date of such Borrowing (or, in the case of the Borrowing to occur on the Funding Date, such shorter period as the Required Lenders may agree to). Each Loan Notice shall specify the requested date of the Borrowing (which shall be a Business Day).

To request a Borrowing, each Borrower requesting a Borrowing shall give written notice (a “Borrowing Request”) substantially in the form of Exhibit B-11] hereto to the Administrative Agent of each proposed Borrowing not later than 12:00 noon, New York City time,

The Borrower may request a Borrowing hereunder by submitting to the Administrative Agent (with a copy to each of the Paying Agent, the [[Organization B:Organization]], the Backup [[Organization B:Organization]] and the Custodian) a written notice, substantially in the form of Exhibit B (each, a “Borrowing Request”) not later than 10:00 a.m. (New York City time) on the second (2nd) Business Day prior to the date of the proposed Borrowing (each, a “Borrowing Date”); provided, that there shall not be more than one (1) Borrowing Date during any calendar week (except as set forth in [Section 2.02(e)] following delivery of a Funding Delay Notice). Promptly after its receipt thereof, the Administrative Agent shall submit a copy of each Borrowing Request to each Managing Agent who shall promptly forward a copy thereof to the Lenders in its Lender Group.

The Borrower shall request the aggregation of all Loans into a single Loan (such Loan, the “Term Loan”) by delivering to the Administrative Agent an irrevocable written notice in the form of Exhibit B-22] (or such other form as may be approved by the Administrative Agent at the instructions of the Lenders), appropriately completed and signed by a Responsible Officer of the Borrower (the “Loan Aggregation Notice”) by no later than 12:00 p.m., New York time, at least two (2) Business Days before the Aggregation Date (such date of delivery, the “Loan Aggregation Notice Date”).

Each Borrowing of Loans shall be made upon the Borrower’s irrevocable delivery to the Administrative Agent of a Loan Notice (which may be given by telephone as provided below), appropriately completed and signed by a Responsible Officer of the Borrower. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. (noon) one (1) Business Day prior to the requested date of any Borrowing of Loans. Each telephonic notice delivered pursuant to this [Section 2.02(a)] must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing of Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify # the requested date of the Borrowing, (which shall be a Business Day), # the principal amount of Loans to be borrowed and # the account of the Borrower to be credited with the proceeds of such Borrowing.

. To request a Borrowing, the Borrower shall notify Administrative Agent of such request in writing, which request must be received by Administrative Agent not later than 1:00 p.m., New York City time, # in respect of each Revolving Credit Loan Borrowing with an Interest Period of less than one month, on the date of the proposed Borrowing or # in respect of all other Borrowings, on the date which is three (3) Business Days prior to the proposed Borrowing. Each such Borrowing Request shall be irrevocable and shall be in the form of [Exhibit 2.3] and signed by the Borrower. Each Borrowing Request shall specify the following information:

Each Borrowing shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (CT) on the requested date of any Borrowing. Each telephonic notice by the Borrower pursuant to this [Section 2.02(a)] must be confirmed promptly by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing shall be in a principal amount of $100,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify # the requested date of the Borrowing (which shall be a Business Day) and # the principal amount of Loans to be borrowed.

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