Common use of Borrowing Mechanics for Term Loans Clause in Contracts

Borrowing Mechanics for Term Loans. (i) U.S. Borrower and European Borrower shall each deliver to Administrative Agent a fully executed Funding Notice no later than two days prior to the Closing Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its U.S. Term Loan and/or European Term Loan, as the case may be, available to Administrative Agent not later than 12:00 p.m. (Local Time) on the Closing Date, by wire transfer of same day funds in Dollars or Euro, as applicable, at the Principal Office designated by Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified herein, Administrative Agent shall make the proceeds of (a) the U.S. Term Loans available to U.S. 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 credited to the account of the U.S. Borrower at the Principal Office designated by Administrative Agent or to such other account as may be designated in writing to Administrative Agent by the U.S. Borrower and (b) European Term Loans available to European Borrower on the Closing Date by causing an amount of same day funds in Euro equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of European Borrower at the Administrative Agent’s Principal Office or to such other account as may be designated in writing to the Administrative Agent by European Borrower.

Borrowing Mechanics for Term Loans. (i) U.S. Borrower and European Each Borrower shall each deliver to Applicable Administrative Agent a fully executed Funding Notice no later than two three days prior to the Closing Date. Promptly upon receipt by Applicable Administrative Agent of such Funding NoticeCertificate, Applicable Administrative Agent shall notify each Lender of the proposed borrowing.. EXECUTION (ii) Each Lender shall make its U.S. Term Loan and/or European Term Loan, as the case may be, available to Applicable Administrative Agent not later than 12:00 p.m. (Local Time) on the Closing Date, by wire transfer of same day funds in Dollars or Euro, as applicable, at the Principal Office designated by Applicable Administrative Agent's Principal Office. Upon satisfaction or waiver of the conditions precedent specified herein, Applicable Administrative Agent shall make the proceeds of (a) the U.S. Term Loans available to U.S. Borrower 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 General Administrative Agent from Lenders to be credited to the account of the U.S. Borrower Company at the General Administrative Agent's Principal Office designated by Administrative Agent or to such other account as may be designated in writing to General Administrative Agent by the U.S. Borrower Company and (b) European Term Loans available to European Borrower on the Closing Date by causing an amount of same day funds in Euro equal to the proceeds of all such Loans received by the European Administrative Agent from Lenders to be credited to the account of European Borrower at the European Administrative Agent’s 's Principal Office or to such other account as may be designated in writing to the European Administrative Agent by European Borrower.

Borrowing Mechanics for Term Loans. (i) The U.S. Borrower and European each Euro Borrower shall each deliver to the Administrative Agent a fully executed Funding Notice no later than two days one Business Day prior to the Closing Effective Date. Promptly upon receipt by Administrative Agent of such Funding Notice, Administrative Agent shall notify each Lender of the proposed borrowing. (ii) Each Lender shall make its U.S. Domestic Tranche C Term Loan and/or respective European Term LoanLoans, as the case may be, available to Administrative Agent not later than 12:00 p.m. (Local Time) on the Closing Effective Date, by wire transfer of same day funds in Dollars or Euro, as applicable, at the Principal Office designated by Administrative Agent. Upon satisfaction or waiver of the conditions precedent specified hereinset forth in Section 3.3, Administrative Agent shall make the proceeds of (a) the U.S. Domestic Tranche C Term Loans available to U.S. Borrower on the Closing Effective Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by U.S. Administrative Agent from Lenders to be credited to the account of the U.S. Borrower at the Principal Office designated by U.S. Administrative Agent or to such other account as may be designated in writing to the Administrative Agent by the U.S. Borrower and (b) European Term Loans available to European Borrower the relevant Euro Borrowers on the Closing Effective Date by causing an amount of same day funds in Euro equal to the proceeds of all such Loans received by the Administrative Agent from Lenders to be credited to the account of European Borrower the relevant Euro Borrowers at the Administrative Agent’s Principal Office or to such other account as may be designated in writing to the Administrative Agent by European Borrowerthe relevant Euro Borrowers.