Common use of Disbursement of Loans Clause in Contracts

Disbursement of Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender pursuant to this Section 2.2 to the extent that such Lender has not made such amounts available to the Administrative Agent.

Appears in 18 contracts

Samples: Credit Agreement (Insignia Properties Trust /), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC)

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Disbursement of Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of attached as Exhibit I hereto C (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the The Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 5 contracts

Samples: Credit Agreement (Hormel Foods Corp /De/), Term Loan Agreement (Hormel Foods Corp /De/), Credit Agreement

Disbursement of Loans. Not later than 1:00 12:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of attached as Exhibit I hereto D (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 5.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made available to the Administrative Agent its Commitment Percentage of such amounts Loan (but shall disburse to the Borrower such portions that are made available to the Administrative Agent).

Appears in 4 contracts

Samples: Credit Agreement (Cirrus Logic Inc), Credit Agreement (Cirrus Logic Inc), Credit Agreement (Cirrus Logic Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the a deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto (a "Notice of Account Designation") delivered or by the Borrower wire transfer to the Administrative Agent or such account as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject Unless the Administrative Agent shall have received notice from a Lender that such Lender will not make available to Section 3.7 hereofthe Administrative Agent such Lender's Commitment Percentage of the requested Loan, the Administrative Agent shall not be obligated to disburse such Lender's Commitment Percentage of the amounts to be funded by a Lender pursuant to this Section 2.2 to the extent that such Lender has not made such amounts available to the Administrative AgentLoans.

Appears in 4 contracts

Samples: Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc), Credit Agreement (Golf Trust of America Inc)

Disbursement of Loans. Not later than 1:00 p.m. (Charlotte 2:00 p.m.(Philadelphia time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent Agent, in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of the Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 4.12 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 3 contracts

Samples: Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc), Credit Agreement (Urban Outfitters Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 2.2(a) in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation substantially in the form of Exhibit I G hereto (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 hereof4.7, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 2.2(a) to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 2 contracts

Samples: Credit Agreement (Knology Inc), Interconnection Agreement (Knology Holdings Inc /Ga)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte Pittsburgh, Pennsylvania time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of multiplied by the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing Borrowing requested pursuant to this Section 2.2 2.02(d) in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or such other account as may be otherwise agreed upon designated in writing by the Borrower and to the Administrative Agent from time to time. Subject to Section 3.7 hereof2.12, the Administrative Agent shall not be obligated to disburse that portion of the amounts to be funded by a Lender pursuant to this Section 2.2 proceeds of any Borrowing equal to the extent that such amount by which any Lender has not made such amounts available to the Administrative AgentAgent its applicable Commitment Percentage of such Borrowing.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (SOUTH JERSEY GAS Co), Term Loan Credit Agreement (SOUTH JERSEY GAS Co)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation substantially in the form of Exhibit I G hereto (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 2 contracts

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc), Credit Agreement (Cornerstone Realty Income Trust Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans Term Loan requested pursuant to be made on such borrowing dateSection 3.2(a). The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each the borrowing requested pursuant to this Section 2.2 3.2(a) in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of the Term Loans requested pursuant to this Section 2.2 3.2(a) to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each the borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto H (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Revolving Credit Loan.

Appears in 1 contract

Samples: Pledge Agreement (RCN Corp /De/)

Disbursement of Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the a deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto (a "Notice of Account Designation") delivered or by the Borrower wire transfer to the Administrative Agent or such account as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender pursuant to this Section 2.2 to the extent that such Lender has not made such amounts available to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Insignia Financial Group Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Mindspring Enterprises Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on --------------------- the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each the borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto G (a "Notice of Account --------- Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte New York City time) on the proposed borrowing dateClosing Date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, as applicable, such Lender's Commitment Applicable Percentage of multiplied by the Term Loans to be made on such borrowing datethe Closing Date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 2.03(c) in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or such other account as may be otherwise agreed upon designated in writing by the Borrower and to the Administrative Agent from time to time. Subject to Section 3.7 hereof2.16, the Administrative Agent shall not be obligated to disburse that portion of the amounts to be funded by a Lender pursuant to this Section 2.2 proceeds of any Term Loan equal to the extent that such amount by which any Lender has not made such amounts available to the Administrative AgentAgent its Applicable Percentage of such Term Loan.

Appears in 1 contract

Samples: Term Loan Credit Agreement (South Jersey Industries Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent or by wire transfer to such account as may be identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit EXHIBIT I hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 2.3 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Healthplan Services Corp)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage Pro Rata Share of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds (i) in the case of proceeds of Revolving Loans, to the deposit account Deposit Account of the Borrower maintained with the Administrative Agent or by wire transfer to such Account as may be identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I K hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time and (ii) in the case of proceeds of L/C Loans, to the account of the Issuing Lender designated by the Issuing Lender to the Administrative Agent from time to time. Subject to Section 3.7 4.6 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Pro Rata Share of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Planvista Corp)

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Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on --------------------- the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each the borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I hereto G (a "Notice of Account Designation") delivered by the --------- Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Commonwealth Telephone Enterprises Inc /New/)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation substantially in the form of Exhibit I G hereto (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Realty Income Trust Inc)

Disbursement of Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the a deposit account of the Borrower maintained with the Administrative Agent or by wire transfer to such account as identified in may be requested by the Borrower pursuant to the most recent Notice of Account Designation notice delivered to the Administrative Agent substantially in the form of Exhibit I hereto J (a the "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time). Subject to Section 3.7 4.6 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender proceeds of any Revolving Credit Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Northland Cable Properties Six LTD Partnership)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each the borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation substantially in the form of Exhibit I hereto H (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Revolving Credit Loan.

Appears in 1 contract

Samples: Credit Agreement (Cable Michigan Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte Pittsburgh, Pennsylvania time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of multiplied by the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing Borrowing requested pursuant to this Section 2.2 2.02(d) in immediately available funds by crediting or wiring \56881183 such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or such other account as may be otherwise agreed upon designated in writing by the Borrower and to the Administrative Agent from time to time. Subject to Section 3.7 hereof2.12, the Administrative Agent shall not be obligated to disburse that portion of the amounts to be funded by a Lender pursuant to this Section 2.2 proceeds of any Borrowing equal to the extent that such amount by which any Lender has not made such amounts available to the Administrative AgentAgent its applicable Commitment Percentage of such Borrowing.

Appears in 1 contract

Samples: Term Loan Credit Agreement (SOUTH JERSEY GAS Co)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte Chicago time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage ’s Ratable Share of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of the Loans requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Ratable Share of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte Chicago time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage ’s Ratable Share of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of the Loans requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative Agent.Agent its Ratable Share of such Loan. Section 2.3

Appears in 1 contract

Samples: Charge Agreement

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte time) on the proposed borrowing date, (i) each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I EXHIBIT G hereto (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (Hickory Tech Corp)

Disbursement of Loans. Not later than 1:00 2:00 p.m. (Charlotte Philadelphia time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the BorrowerBorrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Loans to be made on such borrowing date. The Borrower Borrowers hereby irrevocably authorizes authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as Borrowers identified in the most recent Notice of Account Designation notice substantially in the form of Exhibit I C hereto (a "Notice of Account Designation") delivered by the Borrower Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrower Borrowers and the Administrative Agent from time to time. Subject to Section 3.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Working Capital Credit Agreement (JLG Industries Inc)

Disbursement of Loans. Not later than 1:00 p.m. (Charlotte time) on the proposed borrowing date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's ’s Commitment Percentage of the Loans to be made on such borrowing date. The Administrative Agent will make such Loans available to the Borrower (and the Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 2.2 Section) in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower maintained with the Administrative Agent as identified in the most recent Notice of Account Designation notice substantially in the form of attached as Exhibit I hereto C (a "Notice of Account Designation") delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 3.7 4.7 hereof, the Administrative Agent shall not be obligated to disburse the amounts to be funded by a Lender portion of the proceeds of any Loan requested pursuant to this Section 2.2 to the extent that such any Lender has not made such amounts available to the Administrative AgentAgent its Commitment Percentage of such Loan.

Appears in 1 contract

Samples: Credit Agreement (OMNICELL, Inc)

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