Funding of Facility Increase. On each Facility Increase Effective Date, each Lender and Eligible Assignee providing a portion of the Facility Increase shall transfer immediately available funds to the Administrative Agent in an amount equal to its Ratable Portion (after giving effect to such Facility Increase) of outstanding Revolving Loans. The Administrative Agent shall distribute such amount ratably among the Revolving Lenders.
Appears in 3 contracts
Samples: Credit Agreement (Johnsondiversey Holdings Inc), Credit Agreement (Johnsondiversey Holdings Inc), Credit Agreement (Hayes Lemmerz International Inc)
Funding of Facility Increase. On each Facility Increase Effective Date, each Lender and Eligible Assignee providing a portion of the Facility Increase shall transfer immediately available funds to the Administrative Agent in an amount equal to its Ratable Portion (after giving effect to such Facility Increase) of outstanding Revolving Loans. The Administrative Agent shall distribute such amount ratably among the Revolving Lenders.
Appears in 2 contracts
Samples: Credit Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc)
Funding of Facility Increase. On each Facility Increase Effective Date, each Lender and Eligible Assignee providing a portion of the Facility Increase shall transfer immediately available funds to the Administrative First Lien Agent in an amount equal to its Ratable Portion (after giving effect to such Facility Increase) of outstanding Revolving Loans. The Administrative First Lien Agent shall distribute such amount ratably among the Revolving Lenders.
Appears in 1 contract
