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 requested 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 Credits under a Facility would exceed its Commitment for that Facility; or (ii) the Credits under a Facility would exceed the Total Commitments under that Facility. (d) If the conditions set out in this Agreement have been met, each Lender must make its share in the requested Loan available to the Facility Agent for the relevant Borrower through its Facility Office on the Utilisation Date.
Appears in 3 contracts
Samples: Facility Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies 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 Loan.
(b) The amount of each Lender’s share of the requested 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 Credits Utilisations under a Facility would exceed its Commitment for that Facility; or
(ii) the Credits Utilisations under a Facility would exceed the Total Commitments under that Facility.
(d) If the conditions set out in this Agreement have been met, each Lender must make its share in the requested Loan available to the Facility Agent for the relevant Borrower through its Facility Office on the Utilisation Date.
Appears in 2 contracts
Samples: Fifth Supplemental Agreement (MGM Resorts International), Supplemental Agreement (MGM Resorts International)
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 requested 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 Credits Loans under a Facility would exceed its Commitment for that Facility; or
(ii) the Credits Loans under a Facility would exceed the Total Commitments under that Facility.
(d) If the conditions set out in this Agreement have been met, each Lender must make its share in the requested Loan available to the Facility Agent for the relevant Borrower Company through its Facility Office on the Utilisation Date.
Appears in 1 contract
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 requested each Loan will be equal to its Pro Rata Share of such Loan on the proposed Utilisation Date.
(c) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits outstanding Loans under a the relevant Facility would exceed its Commitment for that Facility; or
(ii) the Credits outstanding Loans under a the relevant Facility would exceed the Total Commitments under for that Facility.
(d) If the conditions set out in this Agreement have been met, each Lender must make its share in the requested Loan available to the Facility Agent for the relevant Borrower through its Facility Office on the Utilisation Date.
Appears in 1 contract
Samples: Credit Facilities Agreement (Hungarian Telephone & Cable Corp)
