Borrowing of Loans. (a) The Borrowing of the Term Loan A or any New Term Loan shall be made upon the Borrower’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice must be received by the Administrative Agent not later than 11:00 a.m. (New York City time) one (1) Business Day prior to the requested date of any Borrowing, whereupon the Administrative Agent shall give prompt notice to the Lenders of such request. Each telephonic notice by the Borrower pursuant to this Section must be confirmed promptly by delivery to the Administrative Agent of a written Borrowing Notice, appropriately completed and signed by a Responsible Officer of the Borrower. Each Borrowing Notice (whether telephonic or written) shall specify (i) whether the Borrower is requesting a Borrowing of the Term Loan A pursuant to Section 2.01(a) or a New Term Loan pursuant to Section 2.10, (ii) the requested date of the Borrowing (which shall be a Business Day), and (iii) the principal amount to be borrowed.
(b) Following receipt of a Borrowing Notice, the Administrative Agent shall promptly notify each Lender of the amount of its Applicable Percentage of such Term Loan. Each Lender with a Commitment in respect of such requested Term Loan shall make the amount of its Term Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Borrowing Notice. Upon satisfaction of the applicable conditions set forth in Section 4.01 with respect to the Borrowing of the Term Loan A on the Closing Date or the conditions set forth in Section 2.10(f) with respect to the Borrowing of a New Term Loan, the Administrative Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Citibank, N.A. with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower.
Borrowing of Loans. The obligations of the Commercial Bank Lenders to make payments pursuant to this Section 10.08(b) are several and not joint and shall survive the payment in full of the Obligations and the termination of this Agreement. The failure of any Commercial Bank Lender to make payments on any date required hereunder shall not relieve any other Commercial Bank Lender of its corresponding obligation to do so on such date, and no Commercial Bank Lender shall be responsible for the failure of any other Commercial Bank Lender to do so.
Borrowing of Loans. (a) The Borrowing of Loans shall be made upon the Borrower’s irrevocable notice to the Administrative Agent. Such notice must be received by the Administrative Agent not later than 11:00 a.m. one Business Day prior to the requested date of such Borrowing of Loans. The Loan Notice (whether telephonic or written) shall specify (i) the requested date of the Borrowing (which shall be the Closing Date), and (ii) the principal amount of Loans to be borrowed.
(b) Following receipt of the Loan Notice, the Administrative Agent shall promptly notify each Lender of the contents of such Loan Notice. Each Lender shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 9:00 a.m. on the Closing Date. Upon satisfaction of the conditions set forth in Section 4.01, the Administrative Agent shall use reasonable efforts to make all funds so received available to the Borrower in like funds by no later than 9:00 a.m. on the Closing Date in accordance with instructions provided to the Administrative Agent by the Borrower.
Borrowing of Loans. 33 2.03 Settlement of Bank Advances and Repayments....................................................35 2.04 Periodic Settlement of Agent and Bank Advances and Repayments.................................35
Borrowing of Loans. It is contemplated that Loans will be made available to the Company directly by the Tranche 2 Banks ("Bank Advances") and, in the circumstances described in Section 2.02(b), from the Administrative Agent acting on behalf of the Tranche 2 Banks ("Agent Advances"). The Company hereby agrees to execute and deliver to each Tranche 2 Bank, upon the request of each such Tranche 2 Bank, a Note in the form of Exhibit I to evidence the Loans to the Company by such Tranche 2 Bank. Any Bank that at any time is owed principal or interest on Loans may (but shall not be obligated to) request (and the Company shall promptly comply therewith) that it be issued a Note to evidence such Loans to the Company.
Borrowing of Loans. (a) Subject to Section 2.03(d), each Borrowing shall consist of Loans made by the Lenders ratably in accordance with their respective Commitment Percentages and shall consist of Eurodollar Loans or Base Rate Loans as a Borrower may request, or as otherwise provided, pursuant to Section 2.02 (
Borrowing of Loans. On the Closing Date, upon satisfaction of the conditions set forth in Section 4.01, the Initial Lender shall promptly make the total Commitment available to the Borrower in immediately available funds, in accordance with instructions provided to the Initial Lender by the Borrower.
Borrowing of Loans. (a) The borrowing of Loans shall be made upon each Borrower’s irrevocable notice to the Lender on behalf of a particular Fund specifying the information in the Loan Notice, including the applicable Fund for which such borrowing is requested and the proposed borrowing date (the “Borrowing Date”). Unless waived by the Lender, such notice must be received by the Lender not later than 1:30 p.m. (Chicago time) on the requested date of the borrowing, which shall be a Business Day. Each such notice by each Borrower pursuant to this Section 2.02(a) must be made by delivery to the Lender of a written Loan Notice (transmitted to the Lender by email), appropriately completed and signed by a Responsible Officer of each Borrower.
(b) Upon satisfaction of the applicable conditions set forth in Section 4.01, the Lender shall make the proceeds of such Loan available to the borrowing Borrower on behalf of the applicable Fund by forwarding such proceeds as directed by such Borrower in the applicable Loan Notice.
Borrowing of Loans. (a) Each Advance Loan Borrowing, Authorized Overage Loan Borrowing and Working Capital Loan Borrowing shall be made upon the Borrower's delivery of an applicable Borrowing Notice, appropriately completed and signed by a Rcsponsible Officer of the Managing Member, on behalf of the Borrower, to the Administrative Agent; provided that Borrowings may only be made on four (4) days in any calendar month and multiple Borrowings may be made on any such day. Each such notice must be received by the Administrative Agent not later than 12:00 p.m. ten (10) Business Days prior to the requested datc of any Borrowing of Loans; provided that until April 16, 2011 and with respect to an aggregate principal amount equal to the Interim Tenn Loan Borrowing Limit from time to time, one or more Advance and/or Authorized Overage Loan Borrowing Notices may be received by the Administrative Agent not later than 12:00 pm two (2) Business Days prior to the requested date of any Borrowing of such TennLoan (an "Interim Term Loan Borrowing"). Each Borrowing Notice shall (i) specify (A) whether the Borrower is requesting an Advance Loan Borrowing, an Authorized Overage Loan Borrowing or a Working Capital Loan Borrowing, (B) the requested date of the Borrowing (which shall be a Business Day), (C) the principal amount of Loans to bc borrowed and (D) the Assets to which such Borrowing is to be allocated and the principal amount of such Borrowing to be allocated to each such Asset and the purposes for which the proceeds of such Loans are to be used, (ii) set forth the costs and expenses to be paid out of such proceeds as well as the corresponding costs and expenses detailed in the applicable Approved Business Plan, if the same shall have been approved, which shall demonstrate that the incurrence of such costs and expenses is consistent with such Approved Business Plan and (iii) be accompanied by all other items the delivery of which is a condition to the making of such Loan pursuant to Section 2.11; provided that with respect to any Advance and/or Authorized Overage Loan Borrowing Notice delivered with respect to an Interim Tenn Loan Borrowing, such Advance and/or Authorized Overage Loan Borrowing Notice shall specify those matters sct forth in clause (i) of this Section 2.02(a) and the aggregate amount of all previous Interim Tenn Loan Borrowings which remain outstanding (which, when combined with the amount of the requested Interim Tenn Loan Borrowing, shall in no event exceed the Interim ...
Borrowing of Loans. 17 2.03. Changes of Commitments ........................................................................ 17 2.04. Lending Offices ....................................................................................... 17 2.05.
