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) No Lender is obliged to participate in a Loan if, as a result: (i) its share in the Credits would exceed its Commitment; or (ii) the Credits would exceed the Total Commitments. (c) 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 2 contracts
Samples: Credit Facilities Agreement (Royal Ahold), Credit Facility Agreement (Royal Ahold)
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) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits Loans under a Facility would exceed its CommitmentCommitment for that Facility; or
(ii) the Credits Loans would exceed the Total Commitments.
(c) 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
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) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits under a Facility would exceed its CommitmentCommitment for that Facility; or
(ii) the Credits would exceed the Total Commitments.
(c) 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
Advance of Loan. (a) The Facility Agent must promptly on the date that it receives a Request notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
(b) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits Loans under the Facility would exceed its CommitmentCommitment for that Facility; or
(ii) the Credits Loans would exceed the Total Commitments.
(c) 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: Loan Agreement (Smith & Nephew PLC)
Advance of Loan. (a) The Facility Agent must promptly on the date that it receives a Request notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
(b) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits Loans under the Facility would exceed its CommitmentCommitment for the Facility; or
(ii) the Credits Loans would exceed the Total Commitments.
(c) 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
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) No Lender is obliged to participate in a Loan if, if as a result:
(i) its share in the Credits under a Facility would exceed its CommitmentCommitment for that Facility; or
(ii) the Credits would exceed the Total Commitments.
(c) 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 Company on the Utilisation Date.
Appears in 1 contract
Samples: Credit Facility Agreement (Oratec Interventions Inc)
