Funding of Accommodations. Subject to Section 6.2 and Article 9 and Article 10, all Advances (other than Letters of Credit) will be made available by deposit of the applicable funds (which in the case of Bankers’ Acceptances will be the Net Proceeds) into the appropriate Borrower’s Account for value on the Banking Day or the LIBOR Banking Day, as the case may be, on which the Advance is to take place.
Appears in 3 contracts
Samples: Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (Penn West Energy Trust), Credit Agreement (Penn West Energy Trust)
Funding of Accommodations. Subject to Section 6.2 5.2 and Article 9 and Article 109, all Advances (other than Letters of Credit) requested by the Borrower will be made available by deposit of the applicable funds (which in the case of Bankers’ Acceptances will be the Net Proceeds) into the appropriate Borrower’s Account for value on the Banking Day Day, or the LIBOR Banking DayDay in the case of a LIBOR Based Loan, as the case may be, on which the Advance is to take place.
Appears in 2 contracts
Samples: Credit Agreement (Obsidian Energy Ltd.), Credit Agreement
Funding of Accommodations. Subject to Section 6.2 5.2 and Article 9 and Article 109, all Advances (other than Letters of Credit) requested by the Borrower will be made available by deposit of the applicable funds (which in the case of Bankers’ ' Acceptances will be the Net Proceeds) into the appropriate Borrower’s 's Account for value on the Banking Day Day, or the LIBOR SOFR Banking DayDay in the case of a SOFR Loan, as the case may be, on which the Advance is to take place.
Appears in 1 contract
Samples: Credit Agreement
Funding of Accommodations. Subject to Section 6.2 and Article 9 and Article 10, all Advances (other than Letters of Credit) will be made available by deposit of the applicable funds (which in the case of Bankers’ ' Acceptances will be the Net Proceeds) into the appropriate Borrower’s 's Account for value on the Banking Day or the LIBOR Banking Day, as the case may be, on which the Advance is to take place.
Appears in 1 contract
Funding of Accommodations. Subject to Section 6.2 and Article 9 5.2 and Article 10, all Advances (other than Letters of Credit) requested by the Borrower will be made available by deposit of the applicable funds (which in the case of Bankers’ Acceptances will be the Net Proceeds) into the appropriate Borrower’s Account for value on the Banking Day Day, or the LIBOR Banking DayDay in the case of a LIBOR Based Loan, as the case may be, on which the Advance is to take place.
Appears in 1 contract
Samples: Credit Agreement (Protective Products of America, Inc.)
