Common use of Funding by Lenders Clause in Contracts

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 15 contracts

Samples: Incremental Loan Amendment (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc), Credit Agreement (Sinclair Broadcast Group Inc)

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Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York, New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.08(e) shall be remitted by the Administrative Agent to the Issuing LenderBank.

Appears in 10 contracts

Samples: Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Halcon Resources Corp), Senior Revolving Credit Agreement (Petrohawk Energy Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 (i) 12:00 noon, New York City time, in the case of a Eurodollar Borrowing, and (ii) 3:00 p.m., New York City time, in the case of an ABR Borrowing, in each case to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with agreed between the Borrower and the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing RequestAgent; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.22(f) shall be remitted by the Administrative Agent to the applicable Issuing LenderBank.

Appears in 6 contracts

Samples: Senior Secured Debtor in Possession Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 (i) 12:00 noon, New York City time, in the case of a Eurodollar Borrowing, and (ii) 3:00 p.m., New York City time, in the case of an ABR Borrowing, in each case to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with agreed between the Borrower and the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing RequestAgent; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) shall be remitted by the Administrative Agent to the Issuing LenderBank.

Appears in 4 contracts

Samples: Credit Agreement (Frontier Communications Corp), Credit Agreement (Frontier Communications Corp), Credit Agreement (New Communications Holdings Inc.)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it at the Contact Office, ABA 000-000-000 for such purpose by notice to the LendersAdministrative Agent’s Account No. 00-000-000, provided that Swing Line Loans shall be made as provided in Section 2.01(dRef: Macerich Partnership, no later than 12:00 p.m. (New York time). The Administrative Agent will make such Loans available to the Borrower pursuant to the terms and conditions hereof by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Base Rate Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f1.4(6) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 3 contracts

Samples: Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co), Revolving Loan Facility Credit Agreement (Macerich Co)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 12:00 noon, New York City time (or 1:00 p.m., New York City timetime with respect to ABR Loans requested by the Company no later than 11:00 a.m. on the same day), to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower Company by promptly crediting the amounts so received, in like funds, to an account of the Borrower Company maintained with the Administrative Agent in New York City and designated by the Borrower Company in the applicable Borrowing Request; provided provided, that ABR Revolving Borrowings Loans made to finance refinance the reimbursement of an a LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 3 contracts

Samples: Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC), Credit Agreement (Xl Group PLC)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.10. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York, New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.08(e) shall be remitted by the Administrative Agent to the Issuing LenderBank that made such LC Disbursement.59 59 Section 2.05(a) amended by the 3rd Amendment.

Appears in 2 contracts

Samples: Fifth Amendment to Third Amended and Restated Credit Agreement (HighPoint Resources Corp), Fifth Amendment to Third Amended and Restated Credit Agreement (Bill Barrett Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York, New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f‎Section 2.08(e) shall be remitted by the Administrative Agent to the Issuing LenderBank that made such LC Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Magnum Hunter Resources Corp), Credit Agreement (Magnum Hunter Resources Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York, New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.08(e) shall be remitted by the Administrative Agent to the Issuing LenderBank that made such LC Disbursement.

Appears in 2 contracts

Samples: Credit Agreement (Bill Barrett Corp), Credit Agreement (Bill Barrett Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.11:00 a.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the LendersLenders (except for same-day ABR Borrowings, provided that Swing Line Loans in which case each Lender shall be made as provided in Section 2.01(dmake its funds available to the Agent not later than 2:00 p.m., New York City time). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that Syndicated ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing LenderBank.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC), Senior Secured Revolving Credit Agreement (North Haven Private Income Fund LLC)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 2:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that Revolving Credit ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the respective Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request or Competitive Bid Request; provided that Syndicated ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(e) shall be remitted by the Administrative Agent to the relevant Issuing LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Harte Hanks Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request or Competitive Bid Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by ------------------ it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Revolving Borrowing Request or Competitive Bid Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) --------------- shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Nationwide Health Properties Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made available as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the relevant Borrower by promptly crediting the amounts so received, in like funds, to an account of the such Borrower maintained with the Administrative Agent in New York City and designated by the such Borrower in the applicable Borrowing Request; provided that (i) Revolving ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) shall be remitted by the Administrative Agent to the relevant Issuing LenderLender and (ii) a Protective Advance shall be retained by the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Brunswick Corp)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 2:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)SECTION 2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; , provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(fSECTION 2.06(e) shall be remitted by the Administrative Agent to the applicable Issuing LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Pathmark Stores Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 2:00 p.m., New York City time (or, in the case of any Syndicated ABR Loan, 4:00 p.m. New York City time), to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Requestborrowing request; provided that Syndicated ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) shall be remitted by the Administrative Agent to the relevant Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Best Buy Co Inc)

Funding by Lenders. Each Lender shall make each Revolving Credit Loan or Incremental Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.04. The Administrative Agent will make such Loans available to the respective Borrower by promptly crediting the amounts so received, in like funds, to an account of the such Borrower maintained with the Administrative Agent in New York City and designated by the such Borrower in the applicable Borrowing Request; provided that Syndicated ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the respective Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that Revolving Credit ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Baldor Electric Co)

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Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Five Year Credit Agreement Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request or Competitive Bid Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) shall be remitted by the Administrative Agent to the respective Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(f) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it at the Contact Office, ABA 000-000-000 for such purpose by notice to the LendersAdministrative Agent's Account No. 00-000-000, provided that Swing Line Loans shall be made as provided in Section 2.01(dRef: Macerich Partnership, no later than 12:00 p.m. (New York time). The Administrative Agent will make such Loans available to the Borrower Borrowers pursuant to the terms and conditions hereof by promptly crediting the amounts so received, in like funds, to an account of the Borrower Borrowers maintained with the Administrative Agent in New York City and designated by the Borrower Borrowers in the applicable Borrowing Request; provided that ABR Revolving Base Rate Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f1.4(6) shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Macerich Co)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d)2. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) 2 shall be remitted by the Administrative Agent to the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing LenderBank.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Owl Rock Technology Income Corp.)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 12:00 noon (or in the case of same day ABR Borrowings, 3:30 p.m.), New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that Revolving Credit ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) shall be remitted by the Administrative Agent to the respective Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Pacificare Health Systems Inc /De/)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 2:00 p.m., New York, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York, New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.08(e) shall be remitted by the Administrative Agent to the Issuing LenderBank that made such LC Disbursement.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

Funding by Lenders. Each Lender shall make each Loan to be made ------------------ by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in -------- Section 2.01(d)2.04. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of the applicable Borrower maintained with the Administrative Agent in New York City and designated by the Borrower Borrowers in the applicable Borrowing Request; provided that ABR Revolving Borrowings Credit Loans made to -------- finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Lender.Bank. Credit Agreement ---------------- -45-

Appears in 1 contract

Samples: Credit Agreement (Global Crossing LTD)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d)2.05. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City or Chicago and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.06(e) shall be remitted by the Administrative Agent to the Issuing LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Synchronoss Technologies Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, ; provided that Swing Line Swingline Loans shall be made as provided in Section 2.01(d2.04(a) and Foreign Currency Credits shall be made as provided in Section 2.04(b). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that Revolving Credit ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f2.05(f) shall be remitted by the Administrative Agent to the relevant Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Chart Industries Inc)

Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.(i) in the case of any Loan (other than an ABR Borrowing), 11:00 a.m. New York City time, and (ii) in the case of any Loan that is an ABR Borrowing, 1:00 p.m. New York City time, in each case, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders, provided that Swing Line Loans shall be made as provided in Section 2.01(d). The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f) shall be remitted by the Administrative Agent to the applicable Issuing LenderBank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hercules Capital, Inc.)

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