Funding by Banks. 24 (e) L/C Unreimbursed Drawings.........................................25 (f)
Funding by Banks. Each Bank shall upon any notice pursuant to Section 2.3.3 make available to the Administrative Agent for the account of the applicable Issuing Bank an amount in Dollars and in immediately available funds equal to its Percentage of the Dollar Equivalent of the amount of the applicable drawing, whereupon the participating Banks shall (subject to Section 2.3.6) each be deemed to have made a Base Rate Loan to the Company in that amount. If any Bank so notified fails to make available to the Administrative Agent for the account of the applicable Issuing Bank the amount of such Bank’s Percentage of the Dollar Equivalent of the amount of the applicable drawing by 12:00 noon (local time) on the Honor Date, then interest shall accrue on such amount, from the Honor Date to the date such Bank makes such payment, at a rate per annum equal to the Federal Funds Rate in effect from time to time during such period. The Administrative Agent will promptly give notice of the occurrence of the Honor Date, but failure of the Administrative Agent to give any such notice on the Honor Date or in sufficient time to enable any Bank to effect such payment on such date shall not relieve such Bank from its obligations under this Section 2.3.5.
Funding by Banks. Each Bank shall upon receipt of any notice pursuant to subsection 3.03(c) make available to the Agent for the account of the Issuing Bank an amount in Dollars and in same day or immediately available funds equal to its Pro Rata Share of the amount of the drawing, whereupon the participating Banks shall (subject to subsection 3.03(c))
Funding by Banks. Not later than 11:00 a.m. (New York time) on each requested date for the making of Loans, each Bank shall, if it has received the notice contemplated by Section 1.02(a) on or prior to its close of business on, in the case of Prime Rate Loans, the Business Day, and, in the case of LIBO Rate Loans, the third Eurodollar Business Day, before such date, make available to the Agent, in Dollars immediately available to the Agent at the Agent's office, the Loans to be made by such Bank on such date. Any Bank's failure to make any Loan to be made by it on the requested date therefor shall not relieve any other Bank of its obligation to make any Loan to be made by such other Bank on such date, but such other Bank shall not be liable for such failure.
Funding by Banks. When the Issuing Bank Not Reimbursed. Upon any ----------------------------------------------------- drawing under a Letter of Credit, the Issuing Bank shall notify Administrative Agent and the Parent. If the Parent fails to timely make the payment required pursuant to subsection (c) above, the Issuing Bank shall notify the Administrative Agent of such fact and the amount of such unreimbursed payment. The Administrative Agent shall promptly notify each Bank of its Pro Rata Share of such amount. Each Bank shall make funds in an amount equal to its Pro Rata Share of such amount in the Applicable Currency available to Administrative Agent at Administrative Agent's Payment Office not later than 11:00 a.m. (San Francisco time) on the Business Day specified by Administrative Agent. The Administrative Agent shall remit the funds so received to the Issuing Bank. The obligation of each Bank to so reimburse the Issuing Bank shall be absolute and unconditional and shall not be affected by the occurrence of a Default or Event of Default or any other occurrence or event. Any such reimbursement shall not relieve or otherwise impair the obligation of the Parent to reimburse the Issuing Bank for the amount of any payment made by the Issuing Bank under any Letter of Credit, together with interest as provided herein.
Funding by Banks. The Borrower shall reimburse KeyBank no later than the close of Business on the Swingline Maturity Date of any Swingline Loan, in an amount, in same-day funds, equal to the amount of such Swingline Loan. Any amount not reimbursed by the Borrower in respect of Swingline Loan shall automatically be deemed to be a Revolving Credit Borrowing comprised of Prime Rate Loans as of the date the Agent shall give the Banks notice thereof. Each Bank shall be deemed to have made a Loan in the amount of its Pro Rata Share of any such Borrowing (it being understood that each Bank's obligation to make such payment is absolute and unconditional and shall not be affected by any event or circumstance whatsoever, including the occurrence of any Default or Event of Default hereunder or the failure of any condition precedent set forth in Section 3 of this Agreement to be satisfied and each such payment shall be made without any offset, abatement, withholding or reduction whatsoever). Each Bank shall fund its Pro Rata Share of such deemed Loan in accordance with the settlement procedures set forth in Section 2.02. The proceeds of such deemed Loans shall be applied directly by the Agent to reimburse KeyBank for the amount of such unreimbursed Swingline Loan.
Funding by Banks. If the Agent has not received immediately available funds covering any such LC Obligation by 9:00 a.m. (Dallas, Texas time) on the applicable Honor Date, the Agent shall advise each Bank thereof not later than 10:00 a.m. (Dallas, Texas time). Not later than 12:00 noon (Dallas, Texas time) on any such Honor Date each Bank shall, notwithstanding any other provision of this Agreement (including the occurrence and continuance of a Default) provide to the Agent at its office at 4800 Xxxxxxxx Xxxx Center, 0000 Xxxx Xxxxxx, Dallas, Texas 75201, immediately available funds covering its Pro Rata Share of such LC Obligation. The Obligors jointly and severally promise and agree to reimburse the Agent on demand by paying to the Agent an amount equal to any such LC Obligation honored by the Agent on any such Honor Date, together with interest from any such Honor Date until such reimbursement is made at a fluctuating rate per annum equal to the Default Rate and as further set forth in the applicable Letter of Credit Document. The Obligors jointly and severally irrevocably agree that their joint and several obligations under this Section 2.13 and under the applicable Letter of Credit Documents to reimburse the Agent for the payment of any LC Obligation, together with accrued interest thereon as set forth herein, shall not be discharged in any way except by the payment in full of such obligation, whether for principal or interest. Any amount received by the Agent under this Section 2.13 or under the applicable Letter of Credit Document from the Obligors in respect of any such LC Obligation honored by the Agent after the Banks have made funds available for the payment of their respective Pro Rata Share of such LC Obligation pursuant to this Section 2.13 shall be paid over by the Agent to the Banks, pro rata according to the amounts so made available by the Banks, promptly upon the Agent's receipt thereof. Nothing in this Agreement shall diminish the Obligors' obligation to provide the funds for the payment of, or demand to reimburse the Agent for payment of, any LC Obligation.
Funding by Banks. Each Bank shall upon receipt of any notice pursuant to subsection (b) make available to the Agent for the account of the Issuing
Funding by Banks. The Agent shall promptly notify each Bank upon ---------------- receipt of a Request from the Borrower specifying the amount of such Advance to be funded by each Bank, the interest rate, the LIBOR Interest Period if applicable, and the date of borrowing. Each Advance or renewal thereof shall be made by the Banks in accordance with each Bank's Percentage of the Advance or renewal thereof. Provided that each Bank is given the notice required in this subsection (iv), each Bank agrees that it will make the funds which it is to advance hereunder available to the Agent, in immediately available funds, not later than 1:30 P.M. Indianapolis, Indiana time on the date such Advance is to be made. The Agent will advance to the Borrower the amount requested by the Borrower not later than 2:30 P.M. Indianapolis, Indiana time on the date such Advance is to be made, unless the Agent shall determine that any condition precedent applicable to the Advance set forth in Section 7 of this Agreement shall not be fulfilled as of the date of such Advance. All Advances will be made to the Borrower by a credit to Borrower's account number 193119823 at Bank One (the "Deposit Account"). All notices (including Requests for Advances) sent by the Borrower to the Agent and received by the Agent after 11:30 A.M. Indianapolis, Indiana time (or such other time as is specified in any Section hereof) on a Banking Day shall be deemed received on the next succeeding Banking Day.
Funding by Banks
