Advance of Loan. (a) The Agent shall promptly notify each Bank of the details of the requested Loan and the amount of its participation in that Loan. (b) Subject to the terms of this Agreement, each Bank shall make its participation in the Loan available to the Agent for the Borrower on the relevant Drawdown Date. The amount of each Bank's participation in the Loan will be the proportion of the Loan which is equal to the proportion which its Commitment bears to the Total Commitments on the proposed Drawdown Date.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Teekay LNG Partners L.P.)
Advance of Loan. (a) The Facility Agent shall promptly notify each Bank of the details of the requested Loan and the amount of its participation in that the Loan.
(b) Subject to the terms of this Agreement, each Bank shall make its participation in the Loan available to the Facility Agent for the relevant Borrower on the relevant Drawdown Date. .
(c) The amount of each Bank's participation in the Loan will be the proportion of the Loan which is equal to the proportion which its Commitment bears to the Total Commitments on at opening of business four Business Days before the proposed Drawdown Date.
Appears in 1 contract
Samples: Revolving Credit Facility (Toreador Resources Corp)
Advance of Loan. (a) The Agent shall promptly notify each Bank of the details of the requested Loan and the amount of its participation in that the Loan.
(b) Subject to the terms of this Agreement, each Bank shall make its participation in the Loan available to the Agent for the Borrower on the relevant Drawdown Date. .
(c) The amount of each Bank's participation in the Loan will be the proportion of the Loan which is equal to the proportion which its relevant Commitment bears to the Total A Commitments or the Total B Commitments on the proposed Drawdown Date.
Appears in 1 contract
Samples: Multicurrency Revolving Credit Facility (Ti Group PLC)
Advance of Loan. (a) The Agent shall promptly notify each Bank of the details of the requested Loan and the amount of its participation in that the Loan.
(b) Subject to the terms of this Agreement, each Bank shall make its participation in the Loan available to the Agent for the Borrower on the relevant Drawdown Utilisation Date. .
(c) The amount of each Bank's participation in the Loan will be the proportion of the Loan which is equal to the proportion which its relevant Commitment bears to the Total Tranche A Commitments or the Total Tranche B Commitments, as appropriate, on the proposed Drawdown Utilisation Date.
Appears in 1 contract
Samples: Credit Facility Agreement (Rexam Acquisition Subsidiary Inc)
