Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
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Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (Plexus Corp), Credit Agreement (Kimball Hill, Inc.)
Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s principal operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
Appears in 3 contracts
Samples: Credit Agreement (Lecg Corp), Credit Agreement (Excelligence Learning Corp), Credit Agreement (Nobel Learning Communities Inc)
Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s 's principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s 's operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
Appears in 2 contracts
Samples: Credit Agreement (LTC Properties Inc), Credit Agreement (Plexus Corp)
Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new the initial Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new the initial Borrowing available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s principal operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
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Disbursement of Loans. Not later than 1:00 p.m. 11:00 a.m. (Chicago time) on the date of any requested advance of a new BorrowingBorrowing of LIBOR Loans, and not later than 12:00 noon (Chicago time) on the date of any requested advance of a new Borrowing of Base Rate Loans, subject to Section 7 6 hereof, each Lender Bank shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower Loans at the Administrative Agent’s principal office in Chicago, Illinois, by depositing Illinois or such proceeds to the credit of the Borrower’s operating account maintained with other office as the Administrative Agent or as has previously agreed in writing to with the Borrower and Borrower, in each case in the type of funds received by the Administrative Agent may otherwise agreefrom the Banks.
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Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 6 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s principal operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
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Samples: Credit Agreement (Maf Bancorp Inc)
Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available (or, in the case of a Borrowing denominated in an Alternative Currency, in such funds as are then customary for the settlement of international transactions in such currency) at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the Borrower at the Administrative Agent’s 's principal office in Chicago, Illinois, by depositing such proceeds to the credit of the Borrower’s 's operating account maintained with the Administrative Agent or as the Borrower and the Administrative Agent may otherwise agree.
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Disbursement of Loans. Not later than 1:00 p.m. (Chicago time) on the date of any requested advance of a new Borrowing, subject to Section 7 hereof, each Lender shall make available its Loan comprising part of such Borrowing in funds immediately available (or, in the case of a Borrowing denominated in an Alternative Currency, in such funds as are then customary for the settlement of international transactions in such currency) at the principal office of the Administrative Agent in Chicago, Illinois. The Administrative Agent shall make the proceeds of each new Borrowing available to the applicable Borrower at the Administrative Agent’s 's principal office in Chicago, Illinois, by depositing such proceeds to the credit of the applicable Borrower’s 's operating account maintained with the Administrative Agent or as the such Borrower and the Administrative Agent may otherwise agree.
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