Common use of Funding of Advances Clause in Contracts

Funding of Advances. Upon receipt by the Agent or a Bank of any Request for Advance for any Revolving Line of Credit Advance, Letter of Credit or any demand for payment or other drawing, the Agent or the Bank shall promptly notify the Borrowers and the other Banks as to the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Any notice pursuant to the forgoing sentence shall specify the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Not later than 12:00 P.M. (Minneapolis, Minnesota time) on the applicable payment date each Bank will make available to the Agent, in immediately available funds, an amount equal to such Bank’s Pro Rata Share of the amount to be paid as a result of such Request for Advance or demand for drawing.

Funding of Advances. Upon receipt by the Agent or a Bank of any Request for Advance for any Revolving Line of Credit Advance, Letter of Credit or any demand for payment or other drawing, the Agent or the Bank shall promptly notify the Borrowers Borrower and the other Banks as to the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Any notice pursuant to the forgoing foregoing sentence shall specify the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Not later than 12:00 P.M. (Minneapolis, Minnesota time) on the applicable payment date each Bank will make available to the Agent, in immediately available funds, an amount equal to such Bank’s 's Pro Rata Share of the amount to be paid as a result of such Request for Advance or demand for drawing.

Funding of Advances. Upon receipt by the Agent or a Bank of any Request for Advance for any Revolving Line of Credit Advance, Letter of Credit or any demand for payment or other drawing, the Agent or the Bank shall promptly notify the Borrowers Borrower and the other Banks as to the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Any notice pursuant to the forgoing foregoing sentence shall specify the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Not later than 12:00 P.M. (Minneapolis, Minnesota time) on the applicable payment date each Bank will make available to the Agent, in immediately available funds, an amount equal to such Bank’s 's Pro Rata Share of the amount to be paid as a result of such Request for Advance or demand for drawing.

Funding of Advances. Upon receipt by the Agent or a Bank of any Request for Advance for any Revolving Line of Credit Advance, Letter of Credit or any demand for payment or other drawing, the Agent or the Bank shall promptly notify the Borrowers Borrower and the other Banks as to the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Any notice pursuant to the forgoing foregoing sentence shall specify the amount to be paid as a result of such Request for Advance or demand for drawing and the respective payment date. Not later than 12:00 P.M. (Minneapolis, Minnesota time) on the applicable payment date each Bank will make available to the Agent, in immediately available funds, an amount equal to such Bank’s Pro Rata Share of the amount to be paid as a result of such Request for Advance or demand for drawing.