Advances; Payments. (i) The Administrative Agent shall notify the Lenders, promptly after receipt of a Borrowing Certificate and in any event prior to 3:00 p.m. (New York time) on the date such Borrowing Certificate is received, by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of such Advance available to the Administrative Agent in same day funds by wire transfer to the Administrative Agent's account as set forth in Schedule 10.9 not later than 3:00 p.m. (New York time) on the requested funding date in the case of a Base Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Administrative Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make the requested Advance to the Borrower to the account of the Borrower specified on Schedule 10.9. All payments by each Lender shall be made without set off, counterclaim or deduction of any kind.
Appears in 2 contracts
Samples: Loan and Security Agreement (Us Xchange LLC), Loan and Security Agreement (Eschelon Telecom Inc)
Advances; Payments. (i) The Administrative Agent shall notify the Lenders, promptly after receipt of a Borrowing Certificate and in any event prior to 3:00 p.m. (New York time) on the date such Borrowing Certificate is received, by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of such Advance available to the Administrative Agent in same day funds by wire transfer to the Administrative Agent's account as set forth in Schedule 10.9 3.9 not later than 3:00 p.m. (New York time) on the requested funding date in the case of a Base Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Administrative Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make the requested Advance to the Borrower Representative to the account of the Borrower Representative specified on Schedule 10.93.9. All payments by each Lender shall be made without set off, counterclaim or deduction of any kind.
Appears in 2 contracts
Samples: Loan and Security Agreement (Us Lec Corp), Loan and Security Agreement (Us Lec Corp)
Advances; Payments. (i) The Administrative Agent shall notify the appropriate Lenders, promptly after receipt of a Borrowing Certificate Notice of Advance and in any event prior to 3:00 1:00 p.m. (New York time) on the date such Borrowing Certificate Notice of Advance, is received, by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's ’s Pro Rata Share of such Advance available to the Administrative Agent in each case in same day funds by wire transfer to the Administrative Agent's ’s account as set forth in Schedule 10.9 Section 11 not later than 3:00 p.m. (New York time) on the requested funding date date, in the case of a Base Rate Loan Loan, and not later than 11:00 a.m. (New York time) on the requested funding date date, in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Administrative Agent's ’s sole discretion, before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make the requested Advance to the Borrower to the account of the Borrower specified on Schedule 10.9Borrowers. All payments by each Lender shall be made without set offsetoff, counterclaim or deduction of any kind.
Appears in 2 contracts
Samples: Credit Agreement (Devcon International Corp), Credit Agreement (Devcon International Corp)
Advances; Payments. (i) The Administrative Agent shall notify the Lenders, promptly after receipt of a Borrowing Certificate Notice of Revolving Advance and in any event prior to 3:00 1:00 p.m. (New York time) on the date such Borrowing Certificate Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's Pro Rata Share of such Revolving Credit Advance available to the Administrative Agent in same day funds by wire transfer to the Administrative Agent's account as set forth in Schedule 10.9 Annex H not later than 3:00 p.m. (New York time) on the requested funding date in the case of a Base an Index Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Administrative Agent's sole discretion, before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make the requested Revolving Credit Advance to the Borrower to the account of the Borrower specified on Schedule 10.9Borrower. All payments by each Lender shall be made without set offsetoff, counterclaim or deduction of any kind.
Appears in 1 contract
Advances; Payments. (i) The Administrative Agent shall notify the Lenders, promptly after receipt of a Borrowing Certificate Notice of Revolving Advance and in any event prior to 3:00 p.m. (New York time) on the date such Borrowing Certificate Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission. Each Lender shall make the amount of such Lender's ’s Pro Rata Share of such Revolving Credit Advance available to the Administrative Agent in same day funds by wire transfer to the Administrative Agent's ’s account as set forth in Schedule 10.9 Annex H not later than 3:00 4:00 p.m. (New York time) on the requested funding date in the case of a Base an Index Rate Loan and not later than 11:00 a.m. (New York time) on the requested funding date in the case of a LIBOR Loan. After receipt of such wire transfers (or, in the Administrative Agent's ’s sole discretion, before receipt of such wire transfers), subject to the terms hereof, the Administrative Agent shall make the requested Revolving Credit Advance to the Borrower to the account of the Borrower specified on Schedule 10.9Borrower. All payments by each Lender shall be made without set offsetoff, counterclaim or deduction of any kind.
Appears in 1 contract
Samples: Revolving Loan Agreement (Wheeling Pittsburgh Corp /De/)