Common use of Funding Mechanics Clause in Contracts

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 next 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 Loans Outstanding will not exceed the 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.

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 next 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 will not exceed the Borrowing Base, 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.

Funding Mechanics. (a) If any Funding Request is delivered to the Administrative Agent and or the applicable Agents after 12:00 p.m., New York City time, on any one Business DayDay prior to the proposed Funding Date, 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 next Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans Loan will not, on the related Funding Date, exceed the Available Amount, Amount and (ii) after giving effect to such Loans, the Loans Outstanding will not exceed the Borrowing Base, and (iii) a representation that all of the conditions precedent to the making of such Loan have been satisfied (or prior to the making of such Loan on the Funding Date will be satisfied as of the proposed Funding Datebe) satisfied. Any Funding Request shall be irrevocable.

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 one Business DayDay prior to the proposed Funding Date, 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 next Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans Loan will not, on the related Funding Date, exceed the Available Amount, Amount and (ii) after giving effect to such Loans, the Loans Outstanding will not exceed the Borrowing Base, and (iii) a representation that all of the conditions precedent to the making of such Loan have been satisfied (or prior to the making of such Loan on the Funding Date will be satisfied as of the proposed Funding Datebe) satisfied. Any Funding Request shall be irrevocable.

Funding Mechanics. (a) If any Funding Request is delivered to the Administrative Deal Agent and the applicable Agents after 12:00 2:00 p.m., New York City time, on any two Business DayDays prior to the proposed Funding Date, such Funding Request shall be deemed to be received prior to 12:00 2:00 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 next second Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans Loan will not, on the related Funding Date, exceed the Available Amount, Amount and (ii) after giving effect to such Loans, the Loans Outstanding will not exceed the 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 Datesatisfied. Any Funding Request shall be irrevocable.

Funding Mechanics. (a) If any Funding Request is delivered to the Administrative Agent and the applicable Agents after 12:00 3:00 p.m., New York City time, on any two Business DayDays prior to the proposed Funding Date, such Funding Request shall be deemed to be received prior to 12:00 3:00 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 next second Business Day following the date of such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans Loan will not, on the related Funding Date, exceed the Available Amount, Amount and (ii) after giving effect to such Loans, the Loans Outstanding will not exceed the 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.

Funding Mechanics. (a) If any Funding Request is delivered to the Administrative Agent and the applicable Agents each Lender after 12:00 12:01 p.m., New York City time, on any the first Business DayDay prior to the proposed Funding Date, such Funding Request shall be deemed to be received prior to 12:00 12:01 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 next Business Day following such deemed receipt. Each Funding Request shall include a representation by the Borrower that (i) the requested Loans Loan will not, on the related Funding Date, exceed the Available Amount, (ii) after giving effect to such Loansthe requested Loan, the Loans Outstanding a Borrowing Base Deficiency will not exceed the Borrowing Baseexist, and (iii) a representation that all of the conditions precedent to the making of such Loan have been satisfied (or prior to the making of such Loan on the Funding Date will be satisfied as of the proposed Funding Datebe) satisfied. Any Funding Request shall be irrevocable.. 38