Common use of Funding by the Lenders Clause in Contracts

Funding by the Lenders. Each Lender shall make each Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds by 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. 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 designated by the Borrower in the applicable Borrowing Request. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for its Loan in any particular place or manner.

Funding by the Lenders. Each Lender shall make each Loan to be made by it hereunder as a Eurodollar Loan on the Effective Closing Date by wire transfer of immediately available funds by 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. The Administrative Agent will shall make all such requested Loans available to the Borrower by promptly crediting wiring the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing RequestNotice of Borrowing. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will shall obtain the funds for its Loan in any particular place or manner.