Disbursement of Term Loans. Not later than 2:00 p.m. (New York time) on the date of the borrowing specified in the applicable Notice of Borrowing, 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 Initial Term Loan Commitment Percentage of the Initial Term Loans to be made on the Closing Date or such Lender’s Incremental Term Loan Commitment Percentage of the Series of Incremental Term Loans on the date specified in the applicable Incremental Term Loan Addendum, as the case may be. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 4.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent 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; provided, however, that notwithstanding anything to the contrary herein, proceeds of any borrowing requested pursuant to this Section 4.2 shall be applied first to pay or repay, as the case may be, in full the Existing Revolving Credit Loan, all accrued and unpaid interest thereon, any associated breakage costs, and all accrued and unpaid commitment fees and letter of credit commissions owing by the Borrower under the Existing Facility before any other disbursement shall be made in accordance with this sentence. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Initial Term Loan Commitment Percentage or its Incremental Term Loan Commitment Percentage, as applicable, of such Loan.
Disbursement of Term Loans. Not later than 12:00 P.M. with respect to Borrowings of Eurodollar Term Loans, and 2:00 P.M. with respect to Borrowings of Base Rate Term Loans, on the date of any requested advance of a new Borrowing of Term Loans, each Lender, subject to all other provisions hereof, shall make available for the account of its applicable Lending Office its Term Loan comprising its portion of such Borrowing in funds immediately available for the benefit of the Administrative Agent in the applicable Administrative Agent’s Account and according to the payment instructions of the Administrative Agent. The Administrative Agent shall promptly make the proceeds of each such Borrowing available in immediately available funds to the Borrower (or as directed in writing by the Borrower) on such date. In the event that any Lender does not make such amounts available to the Administrative Agent by the time prescribed above, but such amount is received later that day, such amount shall nevertheless be promptly credited to the Borrower in the manner described in the preceding sentence (and if such credit is made on the next Business Day, with interest on such amount to begin accruing hereunder on such next Business Day); provided that acceptance by the Borrower of any such late amount shall not be deemed a waiver by the Borrower of any rights it may have against such Lender. No Lender shall be responsible to the Borrower for any failure by another Lender to fund its portion of a Borrowing, and no such failure by a Lender shall relieve any other Lender from its obligation, if any, to fund its portion of a Borrowing.
Disbursement of Term Loans. Not later than 2:00 p.m. (Charlotte time) on the applicable borrowing date, each Term C Lender and Term D Lender, as applicable, will make available to the Administrative Agent, for the account of the Borrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Term C Loan Percentage of the Term C Loans and such Lender's Term D Loan Percentage of the Term D Loans, as applicable, to be made on such borrowing date. The Borrowers hereby irrevocably authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 4.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrowers identified in the most recent notice substantially in the form of EXHIBIT C hereto (a "NOTICE OF ACCOUNT DESIGNATION") delivered by the Borrowers to the Administrative Agent or as may be otherwise agreed upon by the Borrowers and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Term C Loan Percentage of any Term C Loan or its Term D Loan Percentage of any Term D Loan.
Disbursement of Term Loans. Not later than 12:00 P.M. with respect to Borrowings comprised of Eurodollar Loans, and 3:00 P.M. with respect to Borrowings comprised of Base Rate Loans, on the date of any requested advance of a new Borrowing of Term Loans, each Lender, subject to all other provisions hereof, shall make available for the account of its applicable Lending Office its portion of such Borrowing in funds immediately available for the benefit of the Administrative Agent in the applicable Administrative Agent’s Account and according to the payment instructions of the Administrative Agent. The Administrative Agent shall make the proceeds of each such Borrowing available in immediately available funds to the Borrower (or as directed in writing by the Borrower) on such date. Acceptance by the Borrower of any late amount shall not be deemed a waiver by the Borrower of any rights it may have against any Lender making funds available after the time prescribed above. No Lender shall be responsible to the Borrower for any failure by another Lender to fund its portion of a Borrowing, and no such failure by a Lender shall relieve any other Lender from its obligation, if any, to fund its portion of a Borrowing.
Disbursement of Term Loans. Not later than 1:00 p.m. (Charlotte time) on the date the Term Loans are to be advanced, each Lender will make available to the Agent, for the account of the Borrower, at the office of the Agent in funds immediately available to the Agent, such Lender’s Term Loan Percentage of the Term Loans to be made hereunder. Subject to Section 3.2(c) below, the Borrower hereby irrevocably authorizes the Agent to disburse the proceeds of the Term Loans in immediately available funds by crediting such proceeds to a deposit account of the Borrower maintained with the Agent or by wire transfer to such account as may be specified by the Borrower. Subject to Section 4.7, the Agent shall not be obligated to disburse the proceeds of the Term Loans until each Lender shall have made available to the Agent its Term Loan Percentage of the Term Loans.
Disbursement of Term Loans. Not later than 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 Borrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's (i) Term A Loan Percentage of the Term A Loans and/or (ii) Term B Loan Percentage of the Term B Loans to be made on such borrowing date. The Borrowers hereby irrevocably authorize the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section 4.2 in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrowers identified in the Notice of Account Designation. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Term Loan requested pursuant to this Section 4.2 to the extent that any Lender has not made available to the Administrative Agent its Term A Loan Percentage of such Term A Loan or Term B Loan Percentage of such Term B Loan, as applicable. 30
Disbursement of Term Loans. Not later than 1:00 p.m. (Charlotte time) on the date the Term Loans are to be made, each Lender will be deemed to have made its Term Loan to the Borrower and shall credit the full amount thereof against the principal amount of the Revolving Credit Loans due and payable to such Lender on the Revolving Credit Termination Date.
Disbursement of Term Loans. Not later than 2:00 p.m. -------------------------- (Charlotte time) on the Closing Date, each Lender will make available to the Administrative Agent, for the account of the Borrower, at the Administrative Agent's Office in funds immediately available to the Administrative Agent, such Lender's Term Loan Commitment Percentage of the Term Loans to be made hereunder. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of the Term Loans in immediately available funds by crediting or wiring such proceeds to a deposit account of the Borrower identified in the most recent Notice of Account Designation delivered by the Borrower to the Administrative Agent. Subject to Section 5.7, the Administrative Agent shall not be obligated to disburse a Lender's portion of the Term Loans to the extent that such Lender has not made such portion available to the Administrative Agent.
Disbursement of Term Loans. Subject to the conditions of this -------------------------- Agreement, the Administrative Agent shall make the amounts of the Term Loans received from the Term Lenders pursuant to Section 2.3 available to the Company by transferring such amounts on the Closing Date to the account or accounts designated by the Company for such purpose.
Disbursement of Term Loans. (a) Unless otherwise agreed by Administrative Agent, all or that portion of the proceeds of the Apace I Term Loan that will be used by Apace I to finance the purchase of Purchased Assets pursuant to the Acquisition, when funded, shall be disbursed by Administrative Agent to the Sellers for the account of Apace I, and otherwise, proceeds of the Apace I Term Loan, when funded, shall be disbursed by Administrative Agent to the Designated Account of Apace I.
(b) Unless otherwise agreed by Administrative Agent, all or that portion of the proceeds of the Apace II Term Loan that will be used by Apace II to finance the purchase of Purchased Assets pursuant to the Acquisition, when funded, shall be disbursed by Administrative Agent to the Sellers for the account of Apace II, and otherwise, proceeds of the Apace II Term Loan, when funded, shall be disbursed by Administrative Agent to the Designated Account of Apace II.
