Common use of Borrowing of Loans Clause in Contracts

Borrowing of Loans. (a) Subject to clause (c) below, each KEXIM Covered Facility Lender shall make a KEXIM Covered Facility Loan in the amount of its KEXIM Covered Facility Loan Commitment Percentage of each KEXIM Covered Facility Loan Borrowing on the proposed Borrowing Date by wire transfer of immediately available funds to the KEXIM Facility Agent, not later than 1:00 p.m., New York City time, and the KEXIM Facility Agent shall transfer and deposit the amounts so received as set forth in Section 2.01(c) (KEXIM Covered Facility Loans) for application in accordance with Sections 5.02(b) and (e) (Construction Account) of the Accounts Agreement; provided that, if a KEXIM Covered Facility Loan Borrowing does not occur on the proposed Borrowing Date because any condition precedent to such requested KEXIM Covered Facility Loan Borrowing herein specified has not been met, the KEXIM Facility Agent shall return the amounts so received to each KEXIM Covered Facility Lender without interest as soon as possible.

Borrowing of Loans. (a) Subject to clause (c) below, each KEXIM KSURE Covered Facility Lender shall make a KEXIM KSURE Covered Facility Loan in the amount of its KEXIM KSURE Covered Facility Loan Commitment Percentage of each KEXIM KSURE Covered Facility Loan Borrowing on the proposed Borrowing Date by wire transfer of immediately available funds to the KEXIM KSURE Covered Facility Agent, not later than 1:00 p.m., New York City time, and the KEXIM KSURE Covered Facility Agent shall transfer and deposit the amounts so received as set forth in Section 2.01(c) (KEXIM KSURE Covered Facility Loans) for application in accordance with Sections 5.02(b) and (e) (Construction Account) of the Accounts Agreement; provided that, if a KEXIM KSURE Covered Facility Loan Borrowing does not occur on the proposed Borrowing Date because any condition precedent to such requested KEXIM KSURE Covered Facility Loan Borrowing herein specified has not been met, the KEXIM KSURE Covered Facility Agent shall return the amounts so received to each KEXIM KSURE Covered Facility Lender without interest as soon as possible.