Disbursement of Swing Line Loans. Upon receiving any executed Request for Swing Line Loan from the Borrower and the satisfaction of the conditions set forth in Section 2.08(c), the applicable Swing Line Lender shall make available to the Borrower the amount so requested in Dollars not later than 3:00 p.m. (New York time) on the date of such Loan, by credit to an account of the Borrower maintained with the Administrative Agent or to such other account or third party as the Borrower may reasonably direct in writing, subject to applicable law, provided such direction is timely given. The applicable Swing Line Lender shall promptly notify the Administrative Agent of any such Swing Line Loan by telephone, telex or telecopier.
Disbursement of Swing Line Loans. Not later than 1:00 p.m. on the proposed borrowing date, the Swing Line 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, the Swing Line 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 in immediately available funds by wiring such proceeds to the deposit account of the Borrower identified in the most recent Account Designation Letter 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.
Disbursement of Swing Line Loans. Subject to receipt of a Request for Borrowing of a Swing Line Loan and to the other terms and conditions of this Agreement, the Swing Line Bank shall make available to any Floor Plan Borrower the amount so requested, in same day funds, not later than 1:00 p.m., Houston, Texas time on the Borrowing Date of such Swing Line Loan, by credit to an account of the applicable Floor Plan Borrower maintained with the Swing Line Bank or to such other account or third party as such Floor Plan Borrower may reasonably direct. The Swing Line Bank shall promptly notify the Floor Plan Agent of any Swing Line Loan by telephone or telecopier.
Disbursement of Swing Line Loans. Subject to receipt by the Swing Line Bank of a Request for Borrowing of a Swing Line Loan by any Floor Plan Borrower without exceptions noted in the compliance certifications in connection therewith, and to the other terms and conditions of this Agreement, the Swing Line Bank shall make available to any Floor Plan Borrower the amount so requested, in same day funds, not later than 1:00 P.M., HOUSTON, TEXAS TIME on the Borrowing Date of such Swing Line Loan, by credit to an account of the applicable Floor Plan Borrower maintained with the Swing Line Bank or to such other account or third party as such Floor Plan Borrower may reasonably direct. The Swing Line Bank shall promptly notify the Floor Plan Agent of any Swing Line Loan by telephone or telecopier.
Disbursement of Swing Line Loans. Subject to receipt of a Request for Borrowing of a Swing Line Loan and to the other terms and conditions of this Agreement, the Swing Line Bank shall make available to any Floor Plan Borrower the amount so requested, in same day funds, not later than 1:00 p.m., Houston, Texas time on the Borrowing Date of such Swing Line Loan, by credit to an account of the applicable Floor Plan Borrower maintained with the Swing Line Bank or via the funding of Drafts (if such Request for Borrowing takes the form of a Draft) in accordance with the terms of the applicable Drafting Agreements.
Disbursement of Swing Line Loans. Subject to receipt by the Swing Line Bank of a Request for Borrowing of a Swing Line Loan by any Floor Plan Borrower without exceptions noted in the compliance certifications in connection therewith, and to the other terms and conditions of this Agreement, the Swing Line Bank shall make available to any Floor Plan Borrower the amount so requested, in same day funds, not later than 1:00 P.M., HOUSTON, TEXAS TIME on the
Disbursement of Swing Line Loans. (a) In the case of Revolving Credit Swing Line Loans, subject to receipt of a Request for Borrowing of a Swing Line Loan and to the other terms and conditions of this Agreement, the Swing Line Bank shall make available to the Company the amount so requested, in same day funds, not later than 1:00 p.m. New York, New York time on the Borrowing Date for such Swing Line Loan, by credit to an account of the Company maintained with the Swing Line Bank or to such other account or third party as the Company may direct.
(b) Floor Plan Swing Line Loans shall be disbursed in accordance with the provisions of Section 2.3.
Disbursement of Swing Line Loans. The Agent, on receipt of a Notice of Borrowing for a Swing Line Loan, shall promptly notify the Swing Line Lender by telex, facsimile transmission or electronic mail of the date of the requested borrowing and the amount thereof. Swing Line Lender shall before 2:00 p.m. (Seattle time), on the date of the requested borrowing, pay in U.S. Dollars the lesser of (i) the requested borrowing identified in the Notice of Borrowing or (ii) the maximum amount the Swing Line Lender is committed to advance pursuant to the terms of Section 2.2 in immediately available funds to the Agent at its Credit Service Center, Concord, California. Upon fulfillment to the Agent’s satisfaction of the applicable conditions set forth in set forth in this Section 2.4(b) and in Article 3 hereof, and after receipt by the Agent of such funds, the Agent will promptly make such immediately available funds available to the Borrower by depositing them to the Borrower Account.
Disbursement of Swing Line Loans. 59 Section 4.5 Refunding of or Participation Interest in Swing Line Loans............................... 59 Section 4.6 Swing Line Overdraft Loans.............. 60 ARTICLE V ALL LOANS................................................................. 61 Section 5.1 Notes; Advancement and Repayment of Loans.................................................. 61 Section 5.2 Interest on Loans; Offset Provisions; Interest Generally............................... 61 Section 5.3 Interest on Overdue Amounts............. 63 Section 5.4 Fees..................................................... 63 Section 5.5 Termination, Reduction or Conversion of Commitments................................. 64 Section 5.6 Availability of Types of Borrowings; Benchmark Replacement.................... 66 Section 5.7 Prepayment of Loans; Mandatory Reduction of Indebtedness................. 68 Section 5.8 Reserve Requirements; Change in Circumstances..................................... 69 Section 5.9 Change in Legality............................. 71 Section 5.10 Breakage Costs and Related Matters.. 71 Section 5.11 Pro Rata Treatment............................. 72 Section 5.12 Place of Payments............................... 73 Section 5.13 Sharing of Setoffs............................... 74 Section 5.14 Taxes................................................... 74 Section 5.15 Applicable Interest Rate..................... 78 Section 5.16 Extension of Maturity Date................ 80 Section 5.17 Mitigation Obligations; Replacement Lenders............................................... 80 Section 5.18 Increase of Commitments................... 82 Section 5.19 Cash Collateral................................... 83 Section 5.20 Defaulting Lenders............................. 84 ARTICLE VI LETTERS OF CREDIT............................................... 87 Section 6.1 General............................................... 87 Section 6.2 Issuance, Amendment and Renewal of Letters of Credit.................................. 88 Section 6.3 Risk Participations, Drawings and Reimbursements................................. 89 Section 6.4 Repayment of Participation................ 91 Section 6.5 Role of the Issuing Bank.................... 91 Section 6.6 Obligations Absolute.......................... 92 Section 6.7 Letter of Credit Fees........................... 92 Section 6.8 Cash Collateralization........................ 93
Disbursement of Swing Line Loans. Unless the Administrative Agent determines that any applicable condition in Article III has not been satisfied and so notifies the Swing-Line Lender, the Swing-Line Lender shall make the full amount of a proposed Swing-Line Loan available to the Borrower in immediately available funds by wire transfer of such funds to the Funding Account on the date of each proposed Swing-Line Borrowing within a reasonable time after receipt of an applicable Notice of Swing-Line Borrowing timely given. Such amounts transferred on any such date shall constitute "Swing-Line Loans" to the Borrower for all purposes of the Loan Documents and shall be payable, with interest to the same extent as if such amounts had been disbursed directly to the Borrower.
