Common use of Funding of Loans Clause in Contracts

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to the account(s) designated by the Borrower in the Borrowing Request.

Appears in 4 contracts

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Agreement (Medley Capital Corp)

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Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the account(s) Borrower designated by the Borrower in the Borrowing Request.

Appears in 3 contracts

Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to the account(s) an account designated by the applicable Borrower in the applicable Borrowing Request.

Appears in 3 contracts

Samples: Term Loan Facilities Credit Agreement, Term Loan Facilities Credit Agreement (Teva Pharmaceutical Industries LTD), Bridge Loan Agreement (Teva Pharmaceutical Industries LTD)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to the Borrower by promptly crediting wire transfer of immediately available funds to an account in the amounts so received, in like funds, to the account(s) United States designated by the Borrower in the Borrowing RequestBorrower.

Appears in 2 contracts

Samples: Mezzanine Loan Agreement (Morgans Hotel Group Co.), Loan Agreement (Morgans Hotel Group Co.)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to the Borrower by promptly crediting wire transfer of immediately available funds to an account in the amounts so received, in like funds, to the account(s) United States designated by the applicable Borrower in the Borrowing Requestapplicable Request for Loan Advance.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Maguire Properties Inc)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to the Borrower Borrowers by promptly crediting wire transfer of immediately available funds to an account in the amounts so received, in like funds, to the account(s) United States designated by the applicable Borrower in the applicable Borrowing Request.

Appears in 2 contracts

Samples: Loan Agreement (Shurgard Storage Centers Inc), Loan Agreement (Shurgard Storage Centers Inc)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to Borrowers by wire transfer of immediately available funds to an account in the Borrower by promptly crediting the amounts so received, in like funds, to the account(s) United States designated by the Borrower in the Borrowing RequestBorrower.

Appears in 1 contract

Samples: Loan Agreement (Douglas Emmett Inc)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds in Dollars by 1:00 p.m.10:00 a.m., New York City time, to the an account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to the account(s) designated by the Borrower in the Borrowing Request.

Appears in 1 contract

Samples: Term Loan Facilities Credit Agreement (Central European Media Enterprises LTD)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.11:00 a.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to Borrowers by wire transfer of immediately available funds to an account in the Borrower by promptly crediting the amounts so received, in like funds, to the account(s) United States designated by the applicable Borrower in the applicable Borrowing Request.

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties Inc)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to the Borrower by promptly crediting wire transfer of immediately available funds to an account in the amounts so received, in like funds, to the account(s) United States designated by the Borrower in the Borrowing Requestwriting.

Appears in 1 contract

Samples: Loan Agreement (Glimcher Realty Trust)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Original Effective Date or the Restatement Effective Date, as applicable, by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to the account(s) designated by the Borrower in the Borrowing Request.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

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Funding of Loans. Each Lender shall make each its Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 2:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the account(s) Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the Borrowing Loan Request.

Appears in 1 contract

Samples: Bridge Credit Agreement (Fred Meyer Inc)

Funding of Loans. Each Lender shall make each the Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 12:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting remitting the amounts so received, in like funds, to the account(s) designated by Construction Account, in accordance with the Borrower instructions set out in the Borrowing RequestRequest delivered in connection with such Loan.

Appears in 1 contract

Samples: Credit Agreement (Madison Square Garden Entertainment Corp.)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Original Effective Date or the Restatement Effective Date, as applicable, by wire transfer of immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the account(s) Borrower designated by the Borrower in the Borrowing Request.

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date proposed date thereof by wire transfer of immediately available funds by 1:00 p.m.12:00 noon, New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will promptly make such Loans available to the Borrower Borrowers by promptly crediting the amounts so received, in like funds, wire transfer of immediately available funds to the account(s) designated by the Borrower an account in the Borrowing RequestUnited States designated in writing by Borrowers to Administrative Agent.

Appears in 1 contract

Samples: Loan Agreement (Colony Financial, Inc.)

Funding of Loans. Each Lender shall make each its Loan to be made by it hereunder on the Effective Funding Date by wire transfer of immediately available funds by 1:00 2:00 p.m., New York City time, to the an account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Subject to satisfaction of the conditions precedent set forth in Section 5.2, the Administrative Agent will make such the proceeds of the Loans available to the Borrower by promptly crediting or otherwise transferring the amounts so received, in like funds, to an account of the account(s) Borrower maintained with the Administrative Agent and designated in writing by the Borrower in the Borrowing RequestBorrower.

Appears in 1 contract

Samples: Term Loan Agreement (Cleco Corp)

Funding of Loans. Each Lender shall make each Loan to be made by it hereunder on the Effective Date by wire transfer of immediately available funds by 1:00 4:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the account(s) Borrower designated by the Borrower in the Borrowing Request.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Solar Capital Ltd.)

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