Common use of Disbursement of Revolving Credit Advances Clause in Contracts

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 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 3289 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 Borrowers 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 XxxxxxWoodward Avenue, Detroit, Michigan 48226-3239 3289 not later than 3:00 p.m. xxxx 0:00 x.m. (Detroit time) on the date of such Advance.