Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for Revolving Credit Advance from Company under Section 2.7 hereof, Agent shall promptly notify each Revolving Credit Bank by wire, telecopy or by telephone (confirmed by wire or telecopy) of the amount of such Revolving Credit Advance to be made and the date such Advance is to be made by said Revolving Credit Bank pursuant to its Percentage of the Revolving Credit Advance. Unless such Revolving Credit Bank's commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each Revolving Credit Bank shall send the amount of its Revolving Credit Percentage of the Advance in same day funds in Dollars to Agent at the office of Agent located at Xxx Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000 not later than 2:00 p.m. (Detroit time) on the date of such Advance.
Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for Advance from Borrower under Section 2.3 hereof, unless Agent has elected, at its option and in its sole discretion, to fund such requested Advance as a Swing Line Advance under Section 2.5, Agent shall promptly notify each Revolving Credit Lender by email, facsimile or telephone (confirmed by email, facsimile or telex) of the amount of such Advance being requested and the date such Revolving Credit Advance is to be made by each Revolving Credit Lender in an amount equal to its Revolving Credit Percentage of such Advance. Unless such Revolving Credit Lender’s commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each such Revolving Credit Lender shall make available the amount of its Revolving Credit Percentage of each Revolving Credit Advance in immediately available funds to Agent, at the office of Agent located at Xxx Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000, not later than 4:00 p.m. (Detroit time) on the date of such Advance.
Disbursement of Revolving Credit Advances. (a) The Company shall give the Agent notice of its request for each Revolving Credit Advance in substantially the form of Exhibit G hereto not later than noon Chicago time (i) three LIBOR Business Days prior to the date such Revolving Credit Advance is requested to be made if such Revolving Credit Advance is to be made as a LIBOR Borrowing, (ii) five (5) Business Days prior to the date any Letter of Credit Advance is requested to be made, or such earlier date as reasonably determined by the Agent, and (iii) on the Business Day such Revolving Credit Advance is requested to be made in all other cases, which notice shall specify whether a LIBOR Borrowing, an Adjusted Corporate Base Rate Borrowing or a Letter of Credit Advance is requested and, in the case of each requested LIBOR Borrowing, the LIBOR Interest Period to be initially applicable to such Borrowing and, in the case of each Letter of Credit Advance, such information as may be necessary for the issuance thereof by the Agent. The Agent, reasonably promptly on the same Business Day such notice is given, shall provide notice of such requested Revolving Credit Advance to the Revolving Lenders. Subject to the terms and conditions of this Agreement, the proceeds of each such requested Revolving Credit Advance shall be made available to the Company by depositing the proceeds thereof, in immediately available funds, in an account maintained and designated by the Company at the principal office of the Agent. Subject to the terms and conditions of this Agreement, the Agent shall, on the date such Letter of Credit Advance is requested to be made, issue the related Letter of Credit on behalf of the Revolving Lenders for the account of the Company. Notwithstanding anything herein to the contrary, the Agent may decline to issue any requested Letter of Credit on the basis that the beneficiary, the purpose of issuance or the terms or the conditions of drawing are unacceptable to it in its reasonable discretion, provided that the Agent shall not unreasonably decline to issue a Letter of Credit pursuant to this sentence.
Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for a Revolving Credit Advance from Company under Section 2.3 hereof, Agent shall promptly notify each Bank by wire, telecopy, telex or by telephone (confirmed by wire, telecopy or telex) of the amount of such Revolving Credit Advance to be made and the date such Advance is to be made by said Bank pursuant to its Percentage of the Revolving Credit Advance. Unless such Bank's commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each Bank shall send the amount of its Percentage of the Advance in same day funds in Dollars to Agent at the office of Agent located at One Detroit Center, 500 Xxxxxxxx Xxxxxx, Detroit, Michigan 48226-3239 not later than 3:00 p.m. (Detroit time) on the date of such Advance.
Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for a Revolving Credit Advance from Company under Section 2.3 hereof, Agent shall promptly notify each Revolving Credit Bank by wire, telecopy, telex or by telephone (confirmed by wire, telecopy or telex) of the amount of such Revolving Credit Advance to be made and the date such Advance is to be made by said Revolving Credit Bank pursuant to its Percentage of the Revolving Credit Advance. Unless such Revolving Credit Bank's commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each Revolving Credit Bank shall send the amount of its Percentage of the Advance in same day funds in Dollars to Agent at the office of Agent located at One Detroit Center, 500 Xxxxxxxx Xxxxxx, Detroit, Michigan 48226-3289 not later than 3:00 p.m. (Detroit time) on the date of such Advance.
Disbursement of Revolving Credit Advances. 28 2.5 CONDITIONS FOR TERM LOAN AND FIRST DISBURSEMENT. ....................30 2.6
Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for Revolving Credit Advance from Company under Section 2.3 hereof, Agent shall promptly notify each Bank by wire, telecopy, telex or by telephone (confirmed by wire, telecopy or telex) of the amount of such Revolving Credit Advance to be made and the date such Revolving Credit Advance is to be made by said Bank pursuant to its Percentage of the Revolving Credit Advance. Unless such Bank's commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement (or unless such Revolving Credit Advance is a refunding or conversion of a Revolving Credit Advance) each Bank shall send the amount of its Percentage of the Revolving Credit Advance in same day funds in Dollars to Agent at the office of Agent located at One Xxxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx 00000 xxx later than 2:00 p.m. (Detroit time) on the date of such Revolving Credit Advance.
Disbursement of Revolving Credit Advances. (a) Except with respect to Swing Line Loans, the Treasury Manager shall give the Agent notice of its request for each Revolving Credit Advance in substantially the form of Exhibit I hereto at the Applicable Lending Office of the Agent with respect to such Advance not later than 10:00 a.m. local time of the Applicable Lending Office (i) three (3) Interbank Business Days prior to the date such Advance is requested to be made if such Borrowing is to be made as an Interbank Offered Rate Revolving Credit Borrowing, and (ii) three (3) Business Days prior to the date any Letter of Credit Advance is requested to be made and (iii) on the date such Revolving Credit Loan is requested to be made if such Revolving Credit Loan is to be made as a Negotiated Rate Revolving Credit Borrowing or a Floating Rate Revolving Credit Borrowing, which notice shall specify the Designated Borrower for which such Advance is requested, whether an Interbank Offered Rate Loan, Negotiated Rate Loan, Floating Rate Loan or a Letter of Credit Advance is requested and, in the case of each requested Fixed Rate Revolving Credit Loan, the Interest Period to be initially applicable to such Loan and the Permitted Currency in which such Loan is to be denominated. With respect to Swing Line Loans, the Treasury
Disbursement of Revolving Credit Advances. 25 2.5 Prime-based Advance in Absence of Election or Upon Default....................................... 26 2.6 Revolving Credit Commitment Fee.................................................................. 26 2.7 Reduction of Indebtedness: Revolving Credit Aggregate Commitment................................. 26 2.8 Optional Reduction or Termination of Revolving Credit Aggregate Commitment....................... 26 3.
Disbursement of Revolving Credit Advances. (a) Upon receiving any Request for a Revolving Credit Advance from Company under Section 2.3 hereof, Agent shall promptly notify each Lender by wire, telecopy, telex or by telephone (confirmed by wire, telecopy or telex) of the amount of such Revolving Credit Advance to be made and the date such Advance is to be made by said Lender pursuant to its Percentage of the Revolving Credit Advance. Unless such Lender's commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each Lender shall wire the amount of its Percentage of the Advance in immediately available day funds in Dollars to Agent at the Applicable Lending Office of the Agent not later than noon (Detroit time) on the date of such Advance.
