Common use of Disbursement Clause in Contracts

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 15 contracts

Samples: Term Loan Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/)

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Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders Banks in like funds by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 6 contracts

Samples: Loan Agreement (Metrocall Inc), Loan Agreement (Metrocall Inc), Loan Agreement (Rural Cellular Corp)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders Banks in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 4 contracts

Samples: Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Radio Systems Corp /Ma/), Loan Agreement (American Tower Systems Corp)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 4 contracts

Samples: Parent Loan Agreement (American Tower Corp /Ma/), Security Agreement (Rural Cellular Corp), Loan Agreement (Rural Cellular Corp)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of the making of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Term Loan Agreement (American Tower Corp /Ma/), Term Loan Agreement (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the requesting Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the requesting Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders Banks in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the requesting Borrower’s 's instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the requesting Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York Eastern time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in this Section 2.2 and in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders Banks in like immediately available funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent or an affiliate of the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (Irt Property Co), Loan Agreement (Irt Property Co)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the relevant Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the relevant Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Assignment and Assumption (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the requesting Borrower’s 's instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the requesting Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (American Tower Corp /Ma/), Loan Agreement (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) City time on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the relevant Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the relevant Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) City time on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Revolving Credit Agreement (American Tower Corp /Ma/), Assignment and Assumption (American Tower Corp /Ma/)

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Disbursement. (i) Prior to 2:00 3:00 p.m. (New York, New York Houston time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the any applicable conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent it by the Lenders in like funds by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 2 contracts

Samples: Loan Agreement (Western Wireless Corp), Loan Agreement (Western Wireless Corp)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Metrocall Inc)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds Banks by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Teleport Communications Group Inc)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Benedek Communications Corp)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s 's instructions, or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Metrocall Inc)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an the making of the Advance hereunderunder Section 2.1, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (A) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, or (B) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Term Loan Agreement (American Tower Corp /Ma/)

Disbursement. (i) Prior to 2:00 p.m. (New York, New York time) on the date of an Advance hereunder, the Administrative Agent shall, subject to the satisfaction of the conditions set forth in Article 3 hereof, disburse the amounts made available to the Administrative Agent by the Lenders in like funds by (Aa) transferring the amounts so made available by wire transfer pursuant to the Borrower’s instructions, 's instructions or (Bb) in the absence of such instructions, crediting the amounts so made available to the account of the Borrower maintained with the Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Tritel Finance Inc)

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