Funding Mechanics. (a) If any Funding Request is delivered to the Administrative Agent and the applicable Agents after 12:00 p.m., New York City time, on any Business Day, such Funding Request shall be deemed to be received prior to 12:00 p.m., New York City time, on the next succeeding Business Day and the proposed Funding Date of such proposed Loan shall be deemed to be the second Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans will not, on the related Funding Date, exceed the Available Amount, (ii) after giving effect to such Loans, the amount of all Loans Outstanding that are Class A Loans will not exceed the Class A Borrowing Base, and the aggregate amount of all Loans Outstanding will not exceed the Total Borrowing Base, and (iii) a representation that all of the conditions precedent to the making of such Loan have been satisfied or will be satisfied as of the proposed Funding Date. Any Funding Request shall be irrevocable.
(b) Each Conduit Lender shall notify the Agent for its Lender Group and the Administrative Agent by 10:00 a.m., New York City time, on the applicable Funding Date whether it has elected to make its Lender Advance offered to it pursuant to Section 2.01; provided, that in the case of the Credit Suisse Lender Group, each Conduit Lender for the Credit Suisse Lender Group shall be deemed to have notified the Credit Suisse Agent and the Administrative Agent that it has elected to make its Lender Advance on such Funding Date unless written notice not to make such Lender Advance was given to the Credit Suisse Agent and the Administrative Agent by 10:00 a.m., New York City time, on such Funding Date. In the event that a Conduit Lender shall not have timely provided such notice, such Conduit Lender shall be deemed to have elected not to make its Lender Advance of such Loan. If the Conduit Lender shall have elected or be deemed to have elected not to make its Lender Advance of such Loan, the Committed Lender in such Lender Group shall make available on the applicable Funding Date an amount equal to the portion of the Loan that each such Conduit Lender has not elected to fund, in an amount equal to its share of the Principal Amount to be funded.
(c) Each Lender’s Lender Advance of a Loan shall be made, subject to the fulfillment of the applicable conditions set forth in Article Four, at or prior to 12:00 p.m., New York City time, on the applicable Funding Date, by depos...
Funding Mechanics. At the time that any contribution is due under paragraph 3, AIG agrees that it will either (a) make such contribution to the Company's direct parent and cause such direct parent to then contribute such funds, securities or instruments so contributed by AIG to the Company, or (b) make such contribution directly to the Company without receiving any capital stock or other ownership interest in exchange therefor. All contributions contemplated under this Agreement shall be approved and made in compliance with applicable law, including, without limitation, approval by the board of directors of each applicable entity and any prior notice or approval requirements specified under applicable rules and regulations.
Funding Mechanics. (a) Within fifteen (15) days after Lender’s receipt of a written notice of drawdowvn executed by Borrower (“Drawdown Notice”) a form of which is attached as Exhibit A-1 hereto, Lender agrees to advance funds to Borrower from time to time in the form of loans (each such advance, a “Loan”) until the Maturity Date; provided, however, that in no event shall the aggregate principal amount of all Loans advanced hereunder at any time exceed $48,000 and provided further, that no Event of Default (as defined below) has occurred and is continuing. Loans repaid may not be reborrowed by Borrower,
Funding Mechanics. The amount of each Capital Contribution shall be specified by the Company in a written Payment Notice delivered to each member at least thirty (30) days prior to the date that the amount due. Capital Contributions shall be made by wire transfer or immediately available funds to the account specified in the applicable Payment Notice or by such other method as the Managing Member specifies in such Payment Notice.
Funding Mechanics. On the Delivery Date specified in the Borrower’s notice referred to in Section 2(b)(i) hereof, subject to the terms and conditions of this Agreement, each Loan Participant, through the Security Trustee, agrees to pay the amount of its Commitment to the Borrower by wire transferring such amounts to the account of the Borrower as set forth on Schedule I hereto or to such other account as the Borrower shall direct the Security Trustee in writing, upon closing.
Funding Mechanics. (a) Borrower may request a borrowing hereunder, on any Business Day during the Funding Period, by delivering to Lender a written request for borrowing, substantially in the form of Exhibit F hereto (a "Request for Borrowing"). Each Request for Borrowing shall:
(i) relate to the funding of a Mortgage Loan to be pledged (or previously pledged) hereunder at the time of the making of the Loan that is the subject of such Request for Borrowing (including any future advances of such Mortgage Loan),
(ii) in the case of the initial advance of a Mortgage Loan, (A) be accompanied by a Complete Submission, and (B) attach a schedule identifying the Eligible Loan that Borrower proposes to fund and to pledge to Lender in connection with such borrowing substantially in the form of Annex 1 to Exhibit G,
(iii) specify the requested Funding Date and the amount requested to be borrowed,
(iv) specify any subsequent advances which may be required,
(v) attach an officer's certificate signed by a Responsible Officer of Borrower as required by Section 5.02(i) hereof,
(vi) indicate whether Borrower desires such Loan to be a Table Funded Eligible Loan, which table funding shall be subject to Lender's prior approval in Lender's sole discretion, and
(vii) contain (by attachment) such other information reasonably requested by Lender from time to time. Lender may from time to time waive certain requirements of a Complete Submission in its sole and absolute discretion if, at the time of the submission thereof, certain documents called for as part of such Complete Submission are then unavailable; provided that Borrower shall use its best efforts to provide such documents as soon as they become available.
(b) Solely with respect to an initial advance for a Mortgage Loan, following receipt of a Request for Borrowing and a Complete Submission, Lender shall inform Borrower in its sole discretion of its election to proceed with a Loan hereunder by delivering to Borrower a funding confirmation, substantially in the form of Exhibit G hereto (a "Funding Confirmation"), as follows. Within ten (10) Business Days following receipt of a Complete Submission (and any other materials reasonably requested by Lender relating to a proposed funding in connection with Lender conducting its own due diligence investigation of the Mortgage Loan proposed to be funded by Lender), Lender shall conduct its diligence review and notify Borrower in such Funding Confirmation as to whether it approves of such Mortgage L...
Funding Mechanics. On the Delivery Date for the Designated Aircraft specified in the Borrower’s notice referred to in Section 2(b)(i) hereof, subject to the terms and conditions of this Agreement, each Loan Participant, through the Security Trustee, agrees to pay the amount of its Commitment to the Borrower by wire transferring such amounts to the account of the Borrower as set forth on Schedule I hereto or to such other account as the Borrower shall direct the Security Trustee in writing, upon closing.
Funding Mechanics. At the time that any contribution is due under paragraph 4, AIG agrees that it will either (a) make such contribution to Chartis and Chartis shall further contribute such funds, securities or instruments to the applicable subsidiaries in furtherance of the purposes of this Agreement and in the reasonable discretion of the management of Chartis, or (b) make such contribution directly to any applicable Company without receiving any capital stock or other ownership interest in exchange therefor, subject in either case to any required regulatory approvals. At any time any dividends are due under paragraph 4, each Company agrees that it will make such dividend to such Company’s direct parent and both Chartis and such Company will use their best efforts to cause such direct parent to then dividend or otherwise provide such funds to AIG. All contributions and dividends contemplated under this Agreement shall be approved, declared and made, as applicable, in compliance with applicable law, including, without limitation, approval by the board of directors of each applicable entity (including any applicable Company) and any prior notice or approval requirements specified under applicable rules and regulations of any applicable Domiciliary State.
Funding Mechanics. The VFC Certificates are to be purchased by each Purchaser on the Closing Date in exchange for the extension by such Purchaser to the Company of its Commitment hereunder. On the Issuance Date, each Purchaser shall pay to the Company its Pro Rata Share of the Initial Invested Amount.
Funding Mechanics. (a) The Term Loan Exchange shall be consummated in accordance with the terms of the Master Assignment and Assumption Agreement.
(b) Each Purchaser shall purchase each First Amendment Note, Second Amendment Delayed Draw Note, Delayed Draw Note or Additional Note to be purchased by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m. to the account of the Purchaser Representative most recently designated by it for such purpose by notice to the Purchasers in an amount equal to such Purchaser’s respective Applicable Percentage of the applicable First Amendment Note, Second Amendment Delayed Draw Note, Delayed Draw Notes or Additional Notes. The Purchaser Representative will make the proceeds of such purchases available to the Issuer by promptly crediting the amounts so received on the same Business Day, in like funds, to the account designated by the Issuer. Notwithstanding the foregoing, any Purchaser may make the proceeds of any First Amendment Note, Second Amendment Delayed Draw Note, Delayed Draw Note or Additional Note directly available to the Issuer in accordance with such instructions as the Issuer may specify to such Purchaser in writing on or prior to the applicable date of funding and the Issuer or the applicable Purchaser shall notify the Purchaser Representative of the Purchaser’s election on the Business Day prior to any such funding.
