Advance of Loans. (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 Loan.
Advance of Loans. (a) Upon a Loan made available by each Lender pursuant to clause 5.4 (Lender’s participation), the proceeds under such Loan shall be applied as follows:
Advance of Loans. (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.
Advance of Loans. Subject to the terms and conditions set forth in this Agreement, Lenders hereby severally agree to make the Loans to Borrower on the Closing Date. Loans under this Agreement shall be made by Lenders simultaneously and in the full amount of their respective Commitments, it being understood that no Lender shall be responsible for any failure by any other Lender to perform its obligation to make a Loan hereunder and that the Commitment of any Lender shall not be increased or decreased as a result of the failure by any other Lender to perform its obligation to make a Loan. The Loans may be voluntarily prepaid pursuant to SECTION 2.6.1 and, any amounts so prepaid may not be reborrowed. The principal balance of the Loans shall be payable in full on the Termination Date. The Loans will be evidenced by the Loan Notes.
Advance of Loans. Subject to the terms of this Agreement, each Bank shall make its participation in each Loan available to the Agent for the Borrower on the relevant Drawdown Date.
Advance of Loans. The Agent shall promptly notify each Lender of the details of the requested Loans. Subject to the terms of this Agreement:
Advance of Loans. 5.4.1 The Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan.
Advance of Loans. During the period from the date hereof through and including the date that is two (2) years after the Closing Date (the “Availability Period”), subject to the conditions set forth in Section 2(b), each Lender will make advances to Borrower (“Loans”) in an aggregate amount at any time outstanding not to exceed such Lender’s pro rata share of the Commitment, as set forth on Schedule 1. This is not a revolving line of credit, and any amount of the Loans repaid may not be reborrowed.
Advance of Loans. Each Lender acknowledges that on the Drawdown Date, the Paying Agent may, unless notified by any Lender that its Loan will not be advanced, make available to Southland the full amount of the drawdown without prior confirmation of actual receipt of funds from each Lender. In the event any Lender shall not make available its Commitment, such Lender agrees to pay to the Paying Agent the amount of the costs reasonably incurred in obtaining and maintaining funds to cover the deficiency and such Lender agrees that during the period when the cost of such funding is borne by another party, that party shall be entitled to the interest on the Loans unless and until the funding and costs of funding are paid to the satisfaction of the Paying Agent by the Lender which has breached its Commitment.
Advance of Loans. Subject to the terms and conditions of this Agreement, on the Closing Date the terms and conditions of the Original Credit Agreement and the Existing Security Agreements shall be amended and restated in their entirety to provide for an amended and restated revolving credit facility (the "Revolving Credit Facility") under which, subject to the terms and conditions hereof, the Bank shall, from time to time, upon written or oral (confirmed promptly in writing) request of a Borrower therefor, advance loans to one or more of the Borrowers (each a "Revolving Loan" and, collectively, the "Revolving Loans") in the maximum aggregate principal amount at any time outstanding of not more than the Maximum Revolving Credit. The Borrowers' requests for Revolving Loans shall be in form and content from time to time prescribed by the Bank and shall be delivered to the Bank not later than 12:00 noon of the Banking Day on which a Prime Rate Loan is to be advanced and not later than 12:00 noon three (3) Banking Days prior to the Banking Day on which a LIBOR Loan is to be advanced. Unless otherwise requested by a Borrower in writing (and approved by the Bank), all Revolving Loans shall be advanced into demand deposit account No. ___________, maintained by the Borrowers at an office of the Bank designated by the Bank and reasonably satisfactory to Borrowers. Subject to the terms and conditions set forth in this Agreement, the Borrowers shall have the option to request Revolving Loans comprised of (i) Prime Rate Loans maturing on or before the Revolving Facility Termination Date, in aggregate amounts of not less than One Hundred Thousand Dollars ($100,000) or (ii) LIBOR Loans in aggregate amounts of not less than Two Hundred Fifty Thousand Dollars ($250,000). Subject to the terms and conditions of this Agreement, the Borrowers may, during the term of the Revolving Credit Facility, repay and reborrow the Revolving Loans advanced thereunder.
