Funding of Revolving Credit Loans. Promptly after receipt of a Notice of Borrowing under the immediately preceding subsection (b), the Administrative Agent shall notify each Revolving Credit Lender of the proposed borrowing. Each Revolving Credit Lender shall deposit an amount equal to the Revolving Credit Loan to be made by such Revolving Credit Lender to the applicable Borrower with the Administrative Agent (i) in the case of Revolving Credit Loans denominated in Dollars, at the Principal Office, in immediately available funds not later than 1:00 p.m. New York City time on the date of such proposed Revolving Credit Loans and (ii) in the case of each Revolving Credit Loan denominated in a Foreign Currency, at the Multicurrency Payment Office for such currency, in immediately available funds not later than 11:00 a.m., Local Time on the date of such proposed Revolving Credit Loans. Subject to fulfillment of all applicable conditions set forth herein, the Administrative Agent shall make available to the applicable Borrower in the account specified in its Disbursement Instruction Agreement, not later than 2:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are Base Rate Loans and not later than 1:00 p.m. New York City time or Local Time, as the case may be, on the date of the requested borrowing of Revolving Credit Loans that are LIBOR Loans, CDOR Loans or AUD Rate Loans, the proceeds of such amounts received by the Administrative Agent. No Revolving Credit Lender shall be responsible for the failure of any other Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by such other Revolving Credit Lender hereunder, and the failure of any Revolving Credit Lender to make a Revolving Credit Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Revolving Credit Lender to make any Revolving Credit Loan or to perform any other obligation to be made or performed by such other Lender.
Funding of Revolving Credit Loans. Upon receipt of each Borrowing Request from the Borrower, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 11:00 a.m. on the relevant Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of such office with the aggregate of said amounts received by the Administrative Agent, provided that Revolving Credit Loans made to finance the reimbursement of a payment made by the Issuing Lender pursuant to a Letter of Credit as provided in Section 2.5 shall be remitted by the Administrative Agent to the Issuing Lender.
Funding of Revolving Credit Loans. Upon receipt of each notice of borrowing from the Borrower, the Administrative Agent shall promptly notify each Lender of the contents thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of each borrowing of Revolving Credit Loans pursuant to this Section available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent set forth in Section 11.2 not later than 12:30 P.M. on the relevant Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent at such office. The amounts so made available to the Administrative Agent on the Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be made available on such date to the Borrower by the Administrative Agent at the office of the Administrative Agent specified in Section 11.2 by crediting the account of the Borrower on the books of such office with the aggregate of said amounts received by the Administrative Agent.
Funding of Revolving Credit Loans. The Agent, for the account of the Lenders, shall disburse all Revolving Credit Loans and shall handle all collections of Collateral and repayment of Obligations. It is understood that for purposes of Revolving Credit Loans and for purposes of this Section 3.11, the Agent is using the funds of CITBC. On each Settlement Date, the Agent and the Lenders shall each remit to the other, in immediately available funds, all amounts necessary so as to ensure that, as of such Settlement Date, each Lenders shall have its Pro Rata Share of all outstanding Revolving Credit Loans in accordance with its Revolving Credit Commitments. The Agent shall forward to each Lender, at the end of each month, a copy of the account statement rendered by the Agent to the Borrower.
Funding of Revolving Credit Loans. The Agent, for the account of the Lenders, shall disburse all Revolving Credit Loans and shall handle all collections of Collateral and repayment of Obligations. It is understood that for purposes of Revolving Credit Loans and for purposes of this Section 3.11, the Agent is using the funds of the Initial Lenders. On each Settlement Date, the Agent and the Lenders shall each remit to the other, in immediately available funds, all amounts necessary so as to ensure that, as of such Settlement Date, each Lender shall have its Pro Rata Share of all outstanding Revolving Credit Loans in accordance with its Lender Loan Commitment. The Agent shall forward to each Lender, at the end of each month, a copy of the account statement rendered by the Agent to each Borrower.
Funding of Revolving Credit Loans. 41 SECTION 3.12. NOTICE AND MANNER OF BORROWING.........................................41 SECTION 3.13. OBLIGATIONS OF AGENT AND LENDERS.......................................42 SECTION 3.14. MINIMUM AMOUNTS........................................................43 SECTION 3.15.
Funding of Revolving Credit Loans. Not later than 1:00 p.m. (Cleveland time) on the proposed Drawdown Date of any Revolving Credit Loans, each of the Lenders, will make available to the Agent, at the Agent’s Head Office, in immediately available funds, the amount of such Lender’s Commitment Percentage of the amount of the requested Loans which may be disbursed pursuant to §2.1(a). Upon receipt from each such Lender of such amount, and upon receipt of the documents required by §9.1 and §9.2 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Agent will make available to the Borrower the aggregate amount of such Revolving Credit Loans made available to the Agent by the Lenders, as applicable, by crediting such amount to the account of the Borrower maintained at the Agent’s Head Office. The failure or refusal of any Lender to make available to the Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the requested Loans shall not relieve any other Lender from its several obligation hereunder to make available to the Agent the amount of such other Lender’s Commitment Percentage of any requested Loans, including any additional Revolving Credit Loans that may be requested subject to the terms and conditions hereof to provide funds to replace those not advanced by the Lender so failing or refusing.
Funding of Revolving Credit Loans. The Agent shall notify each Bank of such Credit Request promptly on the date received by telecopy, telephone or similar form of transmission. Each Bank shall, before 3:00 p.m. (Cleveland, Ohio time) on the date of each Revolving Credit Borrowing requested, make available to the Agent, in immediately available funds at the account of the Agent maintained at the Payment Office of the Agent, such Bank's
Funding of Revolving Credit Loans. Upon receipt of each Borrowing Request requesting Revolving Credit Loans, the Administrative Agent shall promptly notify each Lender thereof. Subject to its receipt of the notice referred to in the preceding sentence, each Lender will make the amount of its Commitment Percentage of the requested Revolving Credit Loans available to the Administrative Agent for the account of the applicable Borrower at the applicable Agent Payment Office in the applicable Currency not later than (i) 11:00 a.m. (local time in the city in which such Agent Payment Office is located), in the case of an Alternate Currency Revolving Credit Loan, and (ii) 2:00 p.m. (New York City time), in the case of a Dollar Revolving Credit Loan, in each case on the on the relevant Borrowing Date requested by such Borrower or the Parent Borrower, on behalf of such Borrower, as the case may be, in funds immediately available to the Administrative Agent at such Agent Payment Office. The amounts so made available to the Administrative Agent on such Borrowing Date will then, subject to the satisfaction of the terms and conditions of this Agreement, as determined by the Administrative Agent, be made available on such Borrowing Date to such Borrower by the Administrative Agent at such Agent Payment Office, in such Currency, and in immediately available funds, no later than (A) 1:30 p.m. (local time in the city in which such Agent Payment Office is located), in the case of an Alternate Currency Revolving Credit Loan, and (B) 3:00 p.m. (New York City time), in the case of a Dollar Revolving Credit Loan.
Funding of Revolving Credit Loans. The Administrative Agent or the Designated European Administrative Agent designated for the Borrower for which a Credit Request is made, as the case may be, shall notify each Bank of a Credit Request or Deemed Credit Request not later than 1:00 p.m. (local time at the Payment Office of the Administrative Agent or such Designated European Administrative Agent, as the case may be) on the date received by telecopier, telephone or similar form of transmission. Each Bank shall, before 2:00 p.m. (local time at the Payment Office of the Administrative Agent or such Designated European Administrative Agent, as the case may be) on the date of each Revolving Credit Borrowing requested for a Borrower, make available to the Administrative Agent or such Designated European Administrative Agent, as the case may be, in Dollars or, subject to Section 2.2(a)(ii), the applicable Alternate Currency, in immediately available funds at the account of the Administrative Agent or such Designated European Administrative Agent, as the case may be, maintained at the Payment Office of the Administrative Agent or such Designated European Administrative Agent, as the case may be, as shall have been notified by the Administrative Agent or such Designated European Administrative Agent, as the case may be, to the Banks prior to such date, such Bank's Ratable Portion of the Revolving Credit Loans comprising such Revolving Credit Borrowing. On the date specified for a Revolving Credit Borrowing in such Credit Request (or, in the case of a Deemed Credit Request, on the earliest dated permitted after the receipt of Credit Request hereunder), after receipt by the Administrative Agent or such Designated European Administrative Agent, as the case may be, of the funds representing a Bank's Ratable Portion of such Revolving Credit Borrowing and subject to the terms of this Agreement and the fulfillment of the conditions set forth in Section 3 of this Agreement, the Administrative Agent or such
