Borrowings, Conversions and Continuations of Loans. Each Revolving Credit Borrowing, each conversion of Revolving Credit Loans from one Type to the other, and each continuation of Eurodollar RateSOFR Loans shall be made upon the Partnership’s irrevocable notice to the Administrative Agent, which may be given by # telephone, or # a Revolving Credit Loan Notice; provided that any telephone notice must be confirmed immediately by delivery to the Administrative Agent of a Revolving Credit Loan Notice. Each such notice must be received by the Administrative Agent not later than # three Business Days prior to the requested date of any(i) in the case of a Revolving Credit Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and # ABR Loans, not later than on the Business Day prior to the requested date of anythe proposed Revolving Credit Borrowing of Base Rate Loans; provided, however, that if the Partnership wishes to request Eurodollar Rate Loans having an Interest Period other than one, two, three or six months in duration as provided in the definition of “Interest Period,” the applicable notice must be received by the Administrative Agent, or # in the case of any other Revolving Credit Borrowing, not later than four Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than , threethree # Government Securities Business Days before the requested date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Partnership (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lendersthe proposed Revolving Credit Borrowing. Each Revolving Credit Borrowing of, conversion to or continuation of Eurodollar RateSOFR Loans shall be in a principal amount of or a whole 885707.04-LACSR02A - MSW
#Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans, in each case denominated in Dollars, shall be made upon the applicable Borrower’s irrevocable notice to the applicable Administrative Agent, which may be given by telephone. Each such notice must be received by the applicable Administrative Agent not later than (i) three Business Days prior to the requested date of any Borrowing of, conversion to or continuation of, Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans denominated in Dollars and # on the requested date of any Borrowing of Base Rate Loans denominated in Dollars. Each telephonic notice by a Borrower pursuant to this [Section 2.02(a)(i)] must be confirmed promptly by delivery to the applicable Administrative Agent of a written Loan Notice, appropriately completed and signed by a Borrowing Officer of the applicable Borrower. Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of or a whole multiple of in excess thereof. Except as provided in [Sections 2.03(c) and 2.04(c)])], each Borrowing of or conversion to Base Rate Loans denominated in Dollars shall be in a principal amount of or a whole multiple of in excess thereof.
SECTION # Borrowings, Conversions and Continuations of Loans.
After giving effect to all Term Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the same Type, there shall not be more than five Interest Periods in effect in respect of the Term Facility. After giving effect to all Revolving Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations of Revolving Credit Loans as the same Type, there shall not be more than five Interest Periods in effect in respect of the Revolving Credit Facility.
After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than twelve Interest Periods in effect with respect to Eurocurrency Loans.
#During the Availability Period, the shall deliver to the a Loan Notice stating the Type of Delayed Draw Term Loans to be advanced pursuant to [Section 2.01]. Each advance of Loans, each conversion of Loans from one Type to the other, and each continuation of Term SOFR Rate Loans shall be made upon irrevocable notice from the (on its own behalf or on behalf of the applicable Co-) to the , which may be given by # telephone, or # a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the of a Loan Notice. Each such Loan Notice must be received by the # on the date of the request for any advance or conversion of Daily SOFR Rate Loans or Base Rate Loans, provided, that, for a request of Daily SOFR Rate Loans or Base Rate Loans, such Loan Notice must be received by the not later than , otherwise, such Loan Notice shall be deemed to be a request for a Daily SOFR Rate Loan or Base Rate Loan on the next Business Day, and # not later than two (2) Business Days prior to the requested date of any advance of, conversion to or continuation of Term SOFR Rate Loans or conversion of Term SOFR Rate Loans to Daily SOFR Rate Loans or Base Rate Loans. Each advance of, conversion to or continuation of Term SOFR Rate Loans or Daily SOFR Rate Loans shall be in a principal amount of or a whole multiple of in excess thereof. Each advance of or conversion to Base Rate Loans shall be in a principal amount of or a whole multiple of in excess thereof. Each Loan Notice (whether telephonic or written) shall specify # whether such Loans are Delayed Draw Term Loans or Incremental Term Loans (if applicable), # whether the or a Co- is requesting an advance of Loans, a conversion of Loans from one Type to the other, or a continuation of Term SOFR Rate Loans, # the requested date of the applicable advance, conversion or continuation, as the case may be (which shall be a Business Day), # the principal amount of Loans to be borrowed, converted or continued, # the Type of Loans to be borrowed or to which existing Loans are to be converted, and # if applicable, the duration of the Interest Period with respect thereto. If the fails to specify a Type of Loan or Term SOFR in a Loan Notice or if the fails to give a timely notice requesting a conversion or continuation of Term SOFR Rate Loans, then the applicable Loans shall be made as, or converted to, Daily SOFR Rate Loans. Any such automatic conversion to Daily SOFR Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Loans. If the requests a Term SOFR Rate Loan, or a conversion to or continuation of Term SOFR Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.
Anything in [clauses [(a) through (d) above]] to the contrary notwithstanding, after giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than ten Interest Periods in effect at any time for all Borrowings of LIBOR Loans.
Continuations. The may, on any Business Day, upon notice given to the Administrative Agent not later than (New York City time) on, in the case of Eurocurrency Rate Advances denominated in Dollars, the third Business Day and, in the case of Eurocurrency Rate Advances denominated in a Committed Currency, the fourth Business Day prior to the date of the proposed Continuation and subject to the provisions of [[Sections 2.09 and 2.13]3]]3], Continue all or any portion of the outstanding Eurocurrency Rate Advances comprising part of the same Borrowing for one or more Interest Periods; provided that # Eurocurrency Rate Advances so Continued and having the same Interest Period shall be in an amount not less than the minimum amount specified in [[Section 2.02(b) and (ii)])]])] in the case of any such Continuation on a day other than the last day of an Interest Period therefor, the shall reimburse the Lenders in respect thereof pursuant to [Section 8.04(c)]. Each such notice of a Continuation shall, within the restrictions specified above, specify # the date of such Continuation, # the Eurocurrency Rate Advances to be Continued and # the duration of the initial Interest Period (or Interest Periods) for the Eurocurrency Rate Advances subject to such Continuation. Each notice of Continuation shall be irrevocable and binding on the .
the requested advance of Loans or continuation of or conversion to Term SOFR Rate Loans would cause more than fifteen (15) Interest Periods to be in effect at any one time for Term SOFR Rate Loans, after giving effect to all Term SOFR Rate Loans, all conversions of Loans from one Type to another, and all continuations of Loans as the same Type;
Borrowings. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holders written consent, create, incur, assume guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any person, firm, partnership, joint venture or corporation, except by the endorsement of negotiable instruments for deposit or collection, or suffer to exist any liability for borrowed money, except # borrowings in existence or committed on the date hereof and of which the Borrower has informed Holder in writing prior to the date hereof, # indebtedness to trade creditors financial institutions or other lenders incurred in the ordinary course of business or # borrowings, the proceeds of which shall be used to repay this Note.
Borrowings. Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by ratably in accordance with their respective Applicable Percentages under the applicable Facility, provided that # Additional Tranche B Loans shall be made as provided in the Sixth Amendment, # the Initial First-Out Loan shall be made as provided in the Seventh Amendment and # any Additional First-Out Loan shall be made as provided in the applicable Additional First-Out Loan Amendment. Each Borrowing shall be comprised entirely of Base Rate Loans or Eurodollar Loans, as the Borrower may request in accordance herewith.
“Revolving Borrowing” means the incurrence of Revolving Loans consisting of one Type of Revolving Loan by the Borrower from all of the Revolving Lenders having Revolving Commitments in respect thereof on a pro rata basis on a given date (or resulting from Conversions or Continuations on a given date) in the same currency, having in the case of any Fixed Rate Loans the same Interest Period.
Pro Rata Treatment. Except to the extent otherwise provided herein: # each Borrowing (other than Swingline Borrowings) shall be made from the Appropriate , each payment of fees under [Section 2.09 and 2.03(h) and (i)])])])])] shall be made for account of the Appropriate , and each termination or reduction of the amount of the Commitments shall be applied to the respective Commitments of the , pro rata according to the amounts of their respective Commitments; # each Borrowing shall be allocated pro rata among the according to the amounts of their respective Commitments (in the case of the making of Revolving Loans) or their respective Loans that are to be included in such Borrowing (in the case of conversions and continuations of Loans); # each payment or prepayment of principal of Loans by the shall be made for account of the Appropriate pro rata in accordance with the respective unpaid principal amounts of the Loans held by them; and # each payment of interest on Loans by the shall be made for account of the Appropriate pro rata in accordance with the amounts of interest on such Loans then due and payable to the respective Appropriate .
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