Common use of Borrowings of Syndicated Loans Clause in Contracts

Borrowings of Syndicated Loans. The relevant Borrower shall give the Administrative Agent notice of each borrowing hereunder as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Syndicated Loans hereunder, each Bank shall make available the amount of the Syndicated Loan or Loans to be made by it on such date to an account of the Administrative Agent most recently designated by it for such purposes by notice to the Banks, in immediately available funds, for account of the relevant Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the relevant Borrower by depositing the same, in immediately available funds, in an account of such Borrower maintained with the Person serving as the Administrative Agent at the Principal Office designated by such Borrower.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (American General Finance Inc), 364 Day Credit Agreement (American General Finance Corp)

AutoNDA by SimpleDocs

Borrowings of Syndicated Loans. The relevant applicable Borrower shall give the Administrative Agent notice of each borrowing hereunder of Syndicated Loans as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time Local Time on the date specified for each borrowing of Syndicated Loans hereunderLoans, each Bank Lender shall make available the amount of the Syndicated Loan or Loans to be made by it on such date to an account of the Administrative Agent most recently designated by it Agent, at the Administrative Agent’s Account for the Currency in which such purposes by notice to the BanksLoan is denominated, in immediately available funds, for account of the relevant applicable Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the relevant applicable Borrower by depositing the same, in immediately available funds, in an account of such the applicable Borrower maintained with the Person serving as the Administrative Agent at the Principal Office designated by such the applicable Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Capital One Financial Corp), Credit Agreement (Capital One Financial Corp)

Borrowings of Syndicated Loans. The relevant A Borrower shall give the Administrative Agent notice of each borrowing by such Borrower hereunder as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time Local Time on the date specified for each borrowing of Syndicated Loans of a Class hereunder, each applicable Bank shall make available the amount of the Syndicated Loan or Loans of such Class to be made by it on such date to an account of the Administrative Agent most recently designated by it for such purposes by notice to the BanksAgent's Account, in immediately available fundsfunds and in the relevant Currency, for account of the relevant applicable Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the relevant applicable Borrower by depositing the same, in immediately available funds, in an account of such Borrower designated by it and maintained with JPMCB or otherwise by remitting the Person serving as the Administrative Agent at the Principal Office designated by same to any other account of such BorrowerBorrower in accordance with its instructions.

Appears in 1 contract

Samples: Credit Agreement (Pitney Bowes Inc /De/)

Borrowings of Syndicated Loans. The relevant Borrower shall give the Administrative Agent notice of each borrowing hereunder as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Syndicated Loans hereunder, each Bank shall make available the amount of the Syndicated Loan or Loans to be made by it on such date to an account of the Administrative Agent most recently designated by it for such purposes by notice to the Banks, in immediately available funds, for account of the relevant Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the relevant Borrower by depositing the same, in immediately available funds, in an account of such the Borrower maintained with the Person serving as the Administrative Agent at the Principal Office designated by such the Borrower.

Appears in 1 contract

Samples: Credit Agreement (American General Finance Corp)

AutoNDA by SimpleDocs

Borrowings of Syndicated Loans. The relevant A Borrower shall give the Administrative Agent (which shall promptly notify the Banks) notice of each borrowing hereunder to be made to such Borrower as provided in Section 4.05 hereof. Not later than 1:00 p.m. New York time on the date specified for each borrowing of Syndicated Loans hereunder, each Bank shall make available the amount of the Syndicated Loan or Loans to be made by it on such date to the Administrative Agent, at an account of designated by the Administrative Agent most recently designated by it for such purposes by notice to the Banks, in immediately available funds, for account of the relevant applicable Borrower. The amount so received by the Administrative Agent shall, subject to the terms and conditions of this Agreement, be made available to the relevant Borrower by depositing the samesuch Borrower, in immediately available funds, in an to such account of such Borrower maintained with the Person serving as it shall specify to the Administrative Agent at the Principal Office designated by such Borrower.Agent. Five-Year Credit Agreement

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!