Common use of Borrowing Procedures for Revolving Credit Loans Clause in Contracts

Borrowing Procedures for Revolving Credit Loans. Borrower may request a borrowing under the Revolving Credit Commitment as provided in Section 4.01. Not later than 2:00 p.m. New York City time on the date of such borrowing as stated in the Notice of Borrowing, subject to the conditions of this Agreement, the Bank shall make available to Borrower, in immediately available funds, the amount of such Revolving Credit Loan by crediting a designated account of Borrower maintained with the Bank.

Borrowing Procedures for Revolving Credit Loans. Borrower may request a borrowing under the Revolving Credit Commitment as provided in Section 4.01. Not later than 2:00 p.m. 11:00 a.m. New York City time on the date of such borrowing as stated in the a Notice of Borrowing, subject to the conditions of this Agreement, the Bank shall make available to Borrower, in immediately available funds, the amount of such Revolving Credit Loan by crediting a designated account of Borrower maintained with the Bank.