02Procedure for Advances Sample Clauses

02Procedure for Advances. (a) During the Revolving Period, the Lenders will make Advances on any Business Day at the request of the Borrower, subject to and in accordance with the terms and conditions of Sections 2.01 and 2.02 and subject to the provisions of Article III hereof. (b) For each Advance, the Borrower shall deliver a written notice in the form of a Notice of Borrowing to the Administrative Agent and each Lender, with a copy to the Collateral Agent and the Collateral Custodian, no later than 2:00 p.m. (i) at least one (1) Business Day before the proposed Advance Date for Dollar Advances, (ii) at least two (2) Business Days before the Business Day on which the Advance is to be made for CAD Advances, Euro Advances and GBP Advances or (iii) at least three (3) Business Days before the Business Day on which the Advance is to be made for AUD Advances and JPY Advances; provided that, if such Notice of Borrowing is delivered later than 2:00 p.m. on such Business Day, in the case of Dollar Advances, such Notice of Borrowing shall be deemed to have been received on the following Business Day. Each Notice of Borrowing shall include a duly completed Borrowing Base Certificate (updated to the date such Advance is requested and giving pro forma effect to the Advance requested and the use of the proceeds thereof) and an updated Loan Asset Schedule, and shall specify: (i) the proposed aggregate amount of such Advance; provided that the amount of such Advance must be at least equal to the Dollar Equivalent of $500,000 in such Eligible Currency; (ii) the proposed date of such Advance; (iii) a representation that all conditions precedent for an Advance described in Article III hereof have been satisfied; (iv) the amount of cash, if any, that will be funded by the Transferor into the Unfunded Exposure Account in connection with any Delayed Draw Loan Asset or Revolving Loan, as applicable, funded by such Advance, if applicable; (v) whether such Advance should be remitted to the Principal Collection Subaccount or the Unfunded Exposure Account; and (vi) the proposed Eligible Currency of such Advance. Any Notice of Borrowing pursuant to this Section 2.02 shall be irrevocable and binding on the Borrower; provided, that, any Notice of Borrowing that is conditioned upon the effectiveness of other transactions may be revoked or delayed by the Borrower (or the Servicer on behalf of the Borrower) no later than 2:00 p.m. on the proposed date of such Advance if such other transactions fail to become ef...
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Related to 02Procedure for Advances

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