Funding by Banks; Availability Sample Clauses

Funding by Banks; Availability. Promptly after (and on the same Business Day as) the receipt by the Agent of a request for the borrowing of Revolving Loans, the Agent will give a telephonic notice thereof to each Bank. On any Business Day on which Revolving Loans are to be made to the Borrowers hereunder, each Bank will make available to the Agent, at the Principal Office of the Agent, in immediately available funds, such Bank's Revolving Loan Percentage of such Revolving Loans. Each Bank will make such funds available to the Agent prior to 2:00 p.m. (Boston Time) (the "Wire Deadline") on such Business Day, provided that, such Bank has received, prior to 11:00 a.m. (Boston time) on such Business Day, written or telephonic notice of the aggregate amount of the Revolving Loans to be made and such Bank's Revolving Loan Percentage thereof. In the event that such immediately available funds are not received from a Bank by the Wire Deadline on any Business Day, such Bank's portion of such Revolving Loan will not be made for the account of such Bank until the Business Day next following the day on which such immediately available funds are received by the Agent. The Agent may make temporary loans (each, a "Temporary Loan") to the Borrowers to cover any portion of a proposed Revolving Loan which is not funded by the Wire Deadline, but shall have no obligation to do so. Each Temporary Loan shall be upon such terms and conditions as the Agent and the Borrowers may agree; all funds subsequently received by the Agent from the relevant Bank with respect to this Agreement shall be applied to repayment of the Temporary Loan made by the Agent until it is paid in full. Any Temporary Loan will be payable by the Borrowers jointly and severally on demand and will bear interest at the per annum rate equal to the sum of (i) 0.75% per annum plus (ii) the Prime Rate. The Commitment of each Bank under this Agreement is the several and individual commitment of such Bank, and neither the Agent nor any other Bank shall have any liability for the failure of a Bank to honor its Commitment hereunder. No failure by a Bank to honor its Commitment hereunder will excuse any other Bank from honoring its own Commitment.
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Funding by Banks; Availability. Section 3.02.
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Related to Funding by Banks; Availability

  • RDDS availability Refers to the ability of all the RDDS services for the TLD, to respond to queries from an Internet user with appropriate data from the relevant Registry System. If 51% or more of the RDDS testing probes see any of the RDDS services as unavailable during a given time, the RDDS will be considered unavailable.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Funds Availability For determining the availability of your deposits, every day is a business day except Saturdays, Sundays, federal holidays and legal banking holidays in the State of Utah.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

  • General Availability The commitment to availability specified in the letter of appointment shall be subject to mutually acceptable revision. Such revision will occur once per year, or, if mutually agreed between the Employer and the employee, on a more frequent basis. The Employer will issue a revised letter of appointment to reflect approved changes to employee’s general availability.

  • High Availability Registry Operator will conduct its operations using network and geographically diverse, redundant servers (including network-­‐level redundancy, end-­‐node level redundancy and the implementation of a load balancing scheme where applicable) to ensure continued operation in the case of technical failure (widespread or local), or an extraordinary occurrence or circumstance beyond the control of the Registry Operator. Registry Operator’s emergency operations department shall be available at all times to respond to extraordinary occurrences.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • System Availability Although we will try to provide continuous access to the Service, we cannot and do not guarantee that the Service will be available 100% of the time and will not be liable in the event Service is unavailable. Actual service or network performance is dependent on a variety of factors outside of our control. If you notify us within twenty-four (24) hours and we confirm an outage consisting of a period of two (2) hours in any calendar month, and not due to any service, act, or omission of you, a third party, your applications, equipment or facilities, or reasons outside of our control, you shall be eligible for a service credit. A service credit shall be computed as a pro-rated charge for one day of the regular monthly fees for the Service in the next monthly statement. Intermittent service outages for periods of less than two (2) hours are not considered service outages. Outages caused by routine scheduled maintenance are also not considered an outage. You shall receive advance notice no less than forty-eight (48) hours in advance of our scheduled maintenance. Scheduled maintenance will be performed between 12:00 a.m. and 6:00 a.m. CST.

  • Product Availability Under no circumstances shall Company be responsible to Representative or anyone else for its failure to fill accepted orders, or for its delay in filling accepted orders, when such failure or delay is due to strike, accident, labor trouble, acts of nature, freight embargo, war, civil disturbance, vendor problems or any cause beyond Company's reasonable control.

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