Common use of Advance of Loan Clause in Contracts

Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a Loan if, as a result, the Loans would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the Borrower through its Facility Office on the Utilisation Date.

Appears in 2 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Shurgard Storage Centers Inc)

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Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that the Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a the Loan if, as a result, its share in the Loans Loan would exceed its Commitment or the Loan would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the requested Loan available to by the Facility Agent for the Borrower Utilisation Date through its Facility Office on the Utilisation DateOffice.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that the Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a the Loan if, as a result, the Loans Loan would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the Borrower Company through its Facility Office on the Utilisation Date.

Appears in 1 contract

Samples: Credit Facility Agreement (EnerSys)

Advance of Loan. (a) The Facility Agent must promptly and in any event one (1) Business Day before the Rate Fixing Day notify each Lender of the details of the requested Loan and the amount of its share in that the Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a the Loan if, as a result, its share in the Loans Loan would exceed the Total Commitmentsits Commitment. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to by the Facility Agent for the Borrower Utilisation Date through its Facility Office Office. (e) For the avoidance of doubt, prior to the date on which the Utilisation DateBorrower made the prepayment referred to in Clause 5.1 the Loan was outstanding in the amount of $1,032,744,620.

Appears in 1 contract

Samples: Credit Facility Agreement (Seaspan CORP)

Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a Loan if, as a result, the Loans would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the relevant Borrower through its Facility Office on the Utilisation Date.

Appears in 1 contract

Samples: Bridge Facility Agreement (Preem Holdings Ab Publ)

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Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan. (b) The amount of each Lender’s 's share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a Loan if, if as a result, result the Loans would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the Borrower through its Facility Office on the Utilisation Date.

Appears in 1 contract

Samples: Credit Facility Agreement (PPL Corp)

Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a Loan if, as a result, (i) its share in the Loans would exceed its Commitment; or (ii) the Loans would exceed the Total Commitments. (dc) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the Borrower through its Company on the Utilisation Date and the Facility Office Agent shall make the funds received from the Lenders available to the Company on the Utilisation Date.

Appears in 1 contract

Samples: Facility Agreement (United States Steel Corp)

Advance of Loan. (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan. (b) The amount of each Lender’s share of the Loan will be its Pro Rata Share on the proposed Utilisation Date. (c) No Lender is obliged to participate in a Loan if, as a result, the Loans would exceed the Total Commitments. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the Loan available to the Facility Agent for the relevant Borrower through its Facility Office on the Utilisation Date.

Appears in 1 contract

Samples: Credit Facility (Vivendi Universal)

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