Common use of Funding of Mandatory Borrowing or Participation Interest Clause in Contracts

Funding of Mandatory Borrowing or Participation Interest. Each Revolving Lender and each Participant shall upon any notice pursuant to Section 2.2(e)(i) or Section 2.2(e)(ii), respectively, make its Revolving Loan Commitment Percentage of the unreimbursed drawing or Dollar Equivalent thereof, as the case may be, available to the Administrative Agent, for the benefit of the relevant Issuing Lender, by 1:00 p.m., Local Time, on the day of the notice if notice is given on or before 11:00 a.m. or by 1:00 p.m., Local Time, the next Business Day if notice is given after 11:00 a.m., in Dollars in immediately available funds at the Agency Services Address. The Administrative Agent shall remit the funds so received to such Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

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Funding of Mandatory Borrowing or Participation Interest. Each Revolving applicable Lender (including the Lender acting as Issuing Lender) and each Participant shall upon any notice pursuant to Section 2.2(e)(i2.3(e)(i) or Section 2.2(e)(ii2.3(e)(ii), respectively, make its Revolving Loan Commitment Percentage of the unreimbursed drawing or Dollar Equivalent thereof, as the case may be, available to the Administrative Agent, for the benefit of the relevant Issuing Lender, by 1:00 p.m., Local Time, p.m. on the day of the notice if notice is given on or before 11:00 a.m. or by 1:00 p.m., Local Time, p.m. the next Business Day if notice is given after 11:00 a.m., in Dollars in Dollars, of immediately available funds at the Agency Services Address. The Administrative Agent shall remit the funds so received to such the Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Quest Diagnostics Inc), Credit Agreement (Quest Diagnostics Inc)

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Funding of Mandatory Borrowing or Participation Interest. Each Revolving applicable Lender (including the Lender acting as Issuing Lender) and each Participant shall upon any notice pursuant to Section 2.2(e)(i) or Section 2.2(e)(ii), respectively, make its Revolving Loan Commitment Percentage of the unreimbursed drawing or Dollar Equivalent thereof, as the case may be, available to the Administrative Agent, for the benefit of the relevant Issuing Lender, by 1:00 p.m., Local Time, p.m. on the day of the notice if notice is given on or before 11:00 a.m. or by 1:00 p.m., Local Time, p.m. the next Business Day if notice is given after 11:00 a.m., in Dollars in Dollars, of immediately available funds at the Agency Services Address. The Administrative Agent shall remit the funds so received to such the Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

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