Funding Procedure. Borrower shall have complied to Agent's satisfaction with each of the conditions precedent to funding of an Advance set forth in Section 5 hereof.
Funding Procedure. The Banks may fund any portion of a Loan subject to a Eurodollar Pricing Option out of any funds available to the Banks. Regardless of the source of the funds actually used by any of the Banks to fund any portion of such Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Bank had actually funded such Bank's Percentage Interest in such portion of such Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Bank having the same location as the applicable Eurodollar Office to one of such Bank's offices in the United States of America.
Funding Procedure. The Lenders may fund any portion of the Loan subject to a Eurodollar Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Loan subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4 and 3.5, shall be computed as if each Lender had actually funded such Lender's Percentage Interest in such portion of the Loan through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable Eurodollar Office to one of such Lender's offices in the United States of America.
Funding Procedure. The Lenders may fund any portion of the Loan subject to a LIBOR Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Loan subject to a LIBOR Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Loan and the amounts payable under Sections 3.2.4 and 3.5, shall be computed as if each Lender had actually funded such Lender's Percentage Interest in such portion of the Loan through the purchase of deposits in such amount of the type by which the LIBOR Basic Rate was determined with a maturity the same as the applicable LIBOR Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable LIBOR Office to one of such Lender's offices in the United States of America.
Funding Procedure. The Lenders may fund any portion of the Revolving Credit Loans subject to a LIBOR Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Revolving Credit Loans subject to a LIBOR Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Revolving Credit Loans and the amounts payable under Sections 3.2.4 and 3.5, will be computed as if each Lender had actually funded such Lender’s Percentage Interest in such portion of the Revolving Credit Loans through the purchase of deposits in such amount of the type by which the LIBOR Base Rate was determined, with a maturity the same as the applicable Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable LIBOR Office to one of such Lender’s offices in the United States.
Funding Procedure. Promptly after receipt of a Notice of Borrowing relating to a Construction/Acquisition Loan or a Term Loan, the applicable Agent will notify each applicable Lender of the proposed Loan or Loans and of such Lender's Pro Rata Share thereof, and each applicable Lender will make available to the applicable Agent at such Agent's main office in Stamford, Connecticut, or New York Branch, as the case may be, such Lender's Pro Rata Share of the proposed Loan or Loans in immediately available funds no later than 10:00 a.m., New York City time, on the Funding Date. Upon satisfaction or waiver of the applicable conditions precedent set forth in Article III, the applicable Agent will disburse all such amounts made available to it by the Lenders to or for the benefit of Borrower; provided, that in the case of the funding of a Construction/Acquisition Loan, the Construction/Acquisition Agent will disburse to or for the benefit of Borrower only ninety percent (90%) of the requested Loan amount and will retain the remaining ten percent (10%) (the "Construction/Acquisition Holdback Amount") as Collateral to be released to Borrower upon the Term Loan Conversion Date relating to such Construction/Acquisition Loan after payment to the Construction/Acquisition Lenders of accrued interest on such Construction/Acquisition Loan; provided, further, that the proceeds of a Term Loan that results from the conversion of a Construction/Acquisition Loan will be paid first to the Construction/Acquisition Agent in the amount of the aggregate of all unpaid principal and interest of, and fees corresponding to, the Construction/Acquisition Loans that are being converted, and the balance of the proceeds of such Term Loan, if any, will be paid to or for the benefit of Borrower; provided, further, that if pursuant to the restrictions on the initial principal amount of a Term Loan contained in Section 2.2(c)(ii), the principal amount of the Term Loan replacing a Construction/Acquisition Loan is not sufficient to pay in full the outstanding principal amount of the Construction/Acquisition Loan, then the Construction/Acquisition Agent shall apply the Construction/Acquisition Holdback Amount to pay the remaining balance of the Construction/Acquisition Loan in full and then shall release the remaining portion, if any, of the Construction/Acquisition Holdback Amount to Borrower in accordance with the first proviso of this sentence. Unless a Lender has notified the applicable Agent prior to the Funding...
Funding Procedure. Subject to the conditions set forth in this Agreement, Bank shall disburse Advances under the Loans to Borrower by transferring into the Borrower’s operating account maintained with Bank immediately available funds in the amount of such Advances, or otherwise in accordance with procedures acceptable to Bank.
Funding Procedure. The Lenders may fund any portion of the Revolving Loans subject to a Eurodollar Pricing Option out of any funds available to the Lenders. Regardless of the source of the funds actually used by any of the Lenders to fund any portion of the Revolving Loans subject to a Eurodollar Pricing Option, however, all amounts payable hereunder, including the interest rate applicable to any such portion of the Revolving Loans and the amounts payable under Sections 3.2.4, 3.5, 3.6, 3.7 and 3.8, shall be computed as if each Lender had actually funded such Lender's Percentage Interest in such portion of the Revolving Loans through the purchase of deposits in such amount of the type by which the Eurodollar Basic Rate was determined with a maturity the same as the applicable Eurodollar Interest Period relating thereto and through the transfer of such deposits from an office of the Lender having the same location as the applicable Eurodollar Office to one of such Lender's offices in the United States of America.
Funding Procedure. 5.1 The obligation of any Lender to make any loan shall be subject to the satisfaction of all of the following conditions precedent:
Funding Procedure. The Charter School shall maintain accurate enrollment data and daily records of student attendance and shall report enrollment to SED and the school districts of residence of its students in a timely manner. Pursuant to §2856(1) of the Act, payments by the school district of residence shall be made in six substantially equal installments each year, the first on the first business day of July and every two months thereafter, such amounts to be calculated as set forth at 8 NYCRR 119.1.
