Common use of Borrowing Mechanics for Initial Term Loans Clause in Contracts

Borrowing Mechanics for Initial Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice not later than 1:00 p.m. (New York City time) on the Closing Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Upon satisfaction or waiver of the conditions precedent specified in Section 3.1, each Lender shall make its Initial Term Loan available to Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal Office. Upon satisfaction or waiver of the conditions precedent specified in Section 3.1, in accordance with the provisions set forth herein, Administrative Agent shall make the proceeds of the Initial term Loans available to Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Initial Term Loans received by Administrative Agent from Lenders to be credited to the account of Company as designated in the Funding Notice by Company.

Borrowing Mechanics for Initial Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Funding Notice not no later than 1:00 p.m. 11:00 a.m. (New York City time) on the Closing Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Upon satisfaction or waiver of the conditions precedent specified in Section 3.1, each Each Initial Term Loan Lender shall make its Initial Term Loan Loans available to Administrative Agent not later than 12:00 p.m. (New York City time) on the Closing Date, by wire transfer of same day funds in Dollars, at the Principal OfficeOffice designated by Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified in Section 3.1, in accordance with the provisions set forth herein, Administrative Agent shall make the proceeds of the Initial term Term Loans available to Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Initial Term Loans received by Administrative Agent from Initial Term Loan Lenders to be credited to the account of Company at the Principal Office designated by Administrative Agent or to such other account as may be designated by Company in the Funding Notice by Companywriting to Administrative Agent.