Common use of Borrowing Mechanics for Term Loans Clause in Contracts

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Closing Date Certificate no later than 11:00 a.m. (New York City time) (i) on the Business Day prior to the Closing Date, in the case of Base Rate Loans and (ii) three Business Days prior to the Closing Date, in the case of Eurodollar Rate Loans. Promptly upon receipt by Administrative Agent of such certificate, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Term Loan, as the case may be, available to Administrative Agent on the Closing Date, by wire transfer of same day funds in Dollars, at Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the 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 Loans received by Administrative Agent from Lenders to be disbursed by transferring the amounts so made available by wire transfer pursuant to Company’s instructions.

Borrowing Mechanics for Term Loans. (i) Company shall deliver to Administrative Agent a fully executed Closing Date Certificate Funding Notice no later than 11:00 a.m. 12:00 p.m. (New York City time) one (i1) on the Business Day prior to the Closing Date, in the case of Base Rate Loans and (ii) three Business Days prior to the Closing Date, in the case of Eurodollar Rate Loans. Promptly upon receipt by Administrative Agent of such certificateCertificate, Administrative Agent shall notify each Lender of the proposed borrowing. Term Loans borrowed on the Closing Date shall initially be Base Rate Loans. (ii) Each Lender shall make its Term Loan, as the case may be, 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 Administrative Agent’s 's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Term Loans Loan available to Company on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such the Loans received by Administrative Agent from Lenders to be disbursed credited to the account of Company at Administrative Agent's Principal Office or to such other account as may be designated in writing to Administrative Agent by transferring the amounts so made available by wire transfer pursuant to Company’s instructions.

Borrowing Mechanics for Term Loans. (i) Company Borrower shall deliver to Administrative Agent a fully executed Closing Date Certificate and delivered Funding Notice no later than 11:00 a.m. (New York City timex) (i) on the one Business Day prior to the Closing Date, Date in the case of a Base Rate Loans Loan and (ii) three Business Days prior to the Closing Date, Date in the case of a Eurodollar Rate LoansLoan. Promptly upon receipt by Administrative Agent of such certificate, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Term Loan, as the case may be, Loan available to Administrative Agent no later than 12:00 p.m. (New York City time) on the Closing Date, Date by wire transfer of same day funds in Dollars, Dollars at the Principal Office designated by Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Term Loans available to Company Borrower on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be disbursed credited to the account of Borrower at the Principal Office designated by transferring the amounts so made available Administrative Agent or to such other account as may be designated in writing to Administrative Agent by wire transfer pursuant to Company’s instructionsBorrower.

Borrowing Mechanics for Term Loans. (i) Company NewPageCo shall deliver to Administrative Agent a fully executed Closing Date Certificate Funding Notice no later than 11:00 a.m. one (New York City time1) (i) on the Business Day prior to the Closing Date, in the case of Date for Base Rate Loans and no later than three (ii3) three Business Days prior to the Closing Date, in the case of Date for Eurodollar Rate Loans. Promptly upon receipt by Administrative Agent of such certificateCertificate, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its Existing Term Loan, as the case may be, 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 designated by Administrative Agent’s Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of the Existing Term Loans available to Company NewPageCo on the Closing Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Term Loans received by Administrative Agent from Lenders to be disbursed credited to the account of NewPageCo at the Principal Office designated by transferring the amounts so made available Administrative Agent or to such other account as may be designated in writing to Administrative Agent by wire transfer pursuant to Company’s instructionsNewPageCo.